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03-07-2017 Regular Commission Meeting AgendaCity Commission ]Enid Weisman, Mayor Marc Narotsky, Vice Mayor Denise Landman, Commissioner Dr. Linda Marks, Commissioner Gladys Mezrahi, Commissioner Robert Shelley, Commissioner Howard Weinberg, Commissioner City Manager Eric M. Soroka, ICMA-CM City Clerk ]Elllisa L. Horvath, MMC Citi Attorney Weiss Scrota Helfman Cole & Bierman CITY COMMISSION MEETING AGENDA MARCH 7, 2017 6:00 p.m. Aventura Government Center 19200 West Country Club Drive Aventura, Florida 33180 1. CALL TO ORDER\ROLL CALL 2. PLEDGE OF ALLEGIANCE 3. AGENDA: Request for Deletions/Emergency Additions 4. SPECIAL PRESENTATIONS: • Employee Service Awards 5. CONSENT AGENDA: Matters included under the Consent Agenda are self-explanatory and are not expected to require discussion or review. Items will be enacted by one motion. If discussion is desired by any member of the Commission, that item must be removed from the Consent Agenda and considered separately. If the public wishes to speak on a matter on the consent agenda they must inform the City Clerk prior to the start of the meeting. They will be recognized to speak prior to the approval of the consent agenda. A. APPROVAL OF MINUTES: • February 9, 2017 Commission Regular Meeting • February 16, 2017 Commission Workshop Meeting B. A RESOLUTION OF THE CITY COMMISSION OF THE CITY OF AVENTURA, FLORIDA DECLARING CERTAIN PROPERTY LISTED UNDER THE ASSETS OF THE CITY AS SURPLUS TO THE NEEDS OF THE CITY; DESCRIBING THE MANNER OF DISPOSAL; AUTHORIZING THE CITY MANAGER TO DO ALL THINGS NECESSARY TO CARRY OUT THE AIMS OF THIS RESOLUTION; AND PROVIDING FOR AN EFFECTIVE DATE. AVENTURA CITY COMMISSION MEETING AGENDA MARCH 7, 2017 PAGE 2 OF 3 C. A RESOLUTION OF THE CITY COMMISSION OF THE CITY OF AVENTURA, FLORIDA AUTHORIZING THE CITY MANAGER TO EXECUTE THE ATTACHED CONTRACT RENEWAL FOR LANDSCAPE MAINTENANCE WITHIN THE FLORIDA DEPARTMENT OF TRANSPORTATION RIGHT-OF- WAY ON BISCAYNE BOULEVARD FROM THE OLETA RIVER BRIDGE NORTH TO THE MIAMI-DADE/BROWARD COUNTY LINE BY AND BETWEEN THE CITY OF AVENTURA AND THE FLORIDA DEPARTMENT OF TRANSPORTATION; AUTHORIZING THE CITY MANAGER TO TAKE NECESSARY AND EXPEDIENT ACTION TO CARRY OUT THE AIMS OF THIS RESOLUTION; AND PROVIDING FOR AN EFFECTIVE DATE. D. A RESOLUTION OF THE CITY COMMISSION OF THE CITY OF AVENTURA, FLORIDA AWARDING AND LETTING A BID/CONTRACT FOR BID NO. 17- 02-27-2, NE 27m AVENUE AND NE 28m COURT ROAD RESURFACING IMPROVEMENTS TO GENERAL ASPHALT COMPANY, INC. AT THE BID PRICE OF $149,057.14; AUTHORIZING THE CITY MANAGER TO EXECUTE ASSOCIATED CONTRACTS; AUTHORIZING THE CITY MANAGER TO TAKE NECESSARY AND EXPEDIENT ACTION TO CARRY OUT THE AIMS OF THIS RESOLUTION; PROVIDING FOR THE APPROPRIATION AND ALLOCATION OF FUNDS FOR SAID BID AWARD; AND PROVIDING FOR AN EFFECTIVE DATE. E. A RESOLUTION OF THE CITY COMMISSION OF THE CITY OF AVENTURA, FLORIDA AWARDING AND LETTING A BID/CONTRACT FOR BID NO. 17- 02-27-3, NE 30m AVENUE AND NE 209' STREET ROAD RESURFACING IMPROVEMENTS TO CORAMARCA CORPORATION AT THE BID PRICE OF $182,873.45; AUTHORIZING THE CITY MANAGER TO EXECUTE ASSOCIATED CONTRACTS; AUTHORIZING THE CITY MANAGER TO TAKE NECESSARY AND EXPEDIENT ACTION TO CARRY OUT THE AIMS OF THIS RESOLUTION; PROVIDING FOR THE APPROPRIATION AND ALLOCATION OF FUNDS FOR SAID BID AWARD; AND PROVIDING FOR AN EFFECTIVE DATE. F. MOTION TO ACCEPT FOR FILING OF THE COMPREHENSIVE ANNUAL FINANCIAL REPORT (CAFR) FOR THE FISCAL YEAR ENDED SEPTEMBER 30, 2016 AND THE LETTER DATED FEBRUARY 28, 2017 ATTACHED HERETO AS ATTACHMENT A. G. A RESOLUTION OF THE CITY COMMISSION OF THE CITY OF AVENTURA, FLORIDA APPROVING THE "PRIVE AT ISLAND ESTATES" PLAT, BEING A REPLAT OF LAND BEING A PART OF TRACTS B AND C, TWO ISLANDS IN DUMFOUNDLING BAY, PLAT BOOK 141, PAGE 66 AS RECORDED IN THE PUBLIC RECORDS OF MIAMI-DADE COUNTY, FLORIDA, TOGETHER WITH OTHER LANDS IN SECTIONS 2 AND 11, TOWNSHIP 52 SOUTH, RANGE 42 EAST, CITY OF AVENTURA; PROVIDING FOR AN EFFECTIVE DATE. 6. ZONING HEARINGS - QUASI-JUDICIAL PUBLIC HEARINGS: Please be advised that the following items on the Commission's agenda are quasi-judicial in nature. If you wish to object or comment upon any of these items, please inform the Mayor when she requests public comments. An opportunity for persons to speak on each item will be made available after the applicant and staff have made their presentations on each item. All testimony, including public testimony and evidence, will be made under oath or affirmation. Additionally, each person who gives testimony may be subject to cross-examination. If you refuse either to be cross-examined or to be sworn, your testimony will be given its due weight. The general public will not be permitted to cross-examine witnesses, but the public may request the Commission to ask questions of staff or witnesses on their behalf. Persons representing organizations must present evidence of their authority to speak for the organization. Further details of the quasi-judicial procedures may be obtained from the Clerk. None AVENTURA CITY COMMISSION MEETING AGENDA MARCH 7, 2017 PAGE 3 OF 3 7. ORDINANCES - FIRST READING/PUBLIC HEARINGS: AN ORDINANCE OF THE CITY COMMISSION OF THE CITY OF AVENTURA, FLORIDA, AMENDING ORDINANCE NO. 2016-13 WHICH ORDINANCE ADOPTED A BUDGET FOR THE 2016/2017 FISCAL YEAR BY REVISING THE 2016/2017 FISCAL YEAR OPERATING AND CAPITAL BUDGET AS OUTLINED IN EXHIBIT "A" ATTACHED HERETO; AUTHORIZING THE CITY MANAGER TO DO ALL THINGS NECESSARY TO CARRY OUT THE AIMS OF THIS ORDINANCE; AND PROVIDING FOR AN EFFECTIVE DATE. 8. ORDINANCES - SECOND READING/PUBLIC HEARINGS: AN ORDINANCE OF THE CITY OF AVENTURA, FLORIDA CREATING DIVISION 7 "YOUTH ADVISORY BOARD" OF ARTICLE III "ADVISORY BOARDS" OF CHAPTER 2 "ADMINISTRATION" OF THE CITY CODE OF THE CITY OF AVENTURA, FLORIDA; ESTABLISHING AN ADVISORY BOARD AND PROVIDING FOR ITS DUTIES AND RESPONSIBILITIES; PROVIDING FOR SEVERABILITY; PROVIDING FOR INCLUSION IN CODE; PROVIDING FOR AN EFFECTIVE DATE. 9. RESOLUTIONS — PUBLIC HEARINGS: None 10. REPORTS 11. PUBLIC COMMENTS 12. OTHER BUSINESS: None 13. ADJOURNMENT FUTURE MEETINGS* COMMISSION WORKSHOP — MARCH 21, 2017 AT 9 AM EXECUTIVE CONFERENCE ROOM (5'H FLOOR) COMMISSION MEETING — APRIL 4, 2017 AT 6 PM COMMISSION CHAMBER COMMISSION WORKSHOP — APRIL 20, 2017 AT 9 AM EXECUTIVE CONFERENCE ROOM (5'H FLOOR) *Meeting dates and times are subject to change. Please check the City's website for the most current schedule. This meeting is open to the public. In accordance with the Americans with Disabilities Act of 1990, all persons who are disabled and who need special accommodations to participate in this meeting because of that disability should contact the Office of the City Clerk, 305-466-8901, not later than two days prior to such proceeding. One or more members of the City of Aventura Advisory Boards may be in attendance and may participate at the meeting. Anyone wishing to appeal any decision made by the Aventura City Commission with respect to any matter considered at such meeting or hearing will need a record of the proceedings and, for such purpose, may need to ensure that a verbatim record of the proceedings is made, which record includes the testimony and evidence upon which the appeal is to be based. Agenda items may be viewed at the Office of the City Clerk, City of Aventura Government Center, 19200 W. Country Club Drive, Aventura, Florida, 33180. Anyone wishing to obtain a copy of any agenda item should contact the City Clerk at 305-466-8901. 'The ���� o� CITY COMMISSION Aventura Government Center Awl-AurREGULAR MEETING MINUTES19200 w Country Club Drive FEBRUARY 9, 2017 Aventura. Florida 33180 6:00 P.M. 1. CALL TO ORDER/ROLL CALL: The meeting was called to order by Mayor Enid Weisman at 6:00 p.m. The roll was called and the following were present: Mayor Enid Weisman, Vice Mayor Marc Narotsky, Commissioner Denise Landman, Commissioner Dr. Linda Marks, Commissioner Gladys Mezrahi, Commissioner Robert Shelley, Commissioner Howard Weinberg, City Manager Eric M. Soroka, City Clerk Ellisa L. Horvath, and City Attorney David M. Wolpin. As a quorum was determined to be present, the meeting commenced. 2. PLEDGE OF ALLEGIANCE: The Pledge was led by Nathaniel Manor. 3. AGENDA: REQUESTS FOR DELETIONS/EMERGENCY ADDITIONS: None. 4. SPECIAL PRESENTATIONS: • Presentation of Certificates of Appointment to Community Services Advisory Board Members: Mayor Weisman, Commission Members, and Mr. Soroka presented the Certificates of Appointment to the Board Members in attendance. • Employee Service Awards: Mr. Soroka presented Captain Michael Mauer (20 years) and Major William "Skip" Washa (20 years), with recognition certificates and a token of appreciation for the completion of milestone years of service with the City. 5. CONSENT AGENDA: There were no requests from the public to address the Commission. A motion to approve the items on the Consent Agenda was offered by Commissioner Shelley, seconded by Commissioner Landman, and passed unanimously by roll call vote. The following action was taken: A. Minutes were approved as follows: • January 10, 2017 Commission Regular Meeting • January 18, 2017 Commission Workshop Meeting B. Resolution No. 2017-06 was adopted as follows: A RESOLUTION OF THE CITY COMMISSION OF THE CITY OF AVENTURA, FLORIDA DECLARING CERTAIN PROPERTY LISTED UNDER THE ASSETS OF THE CITY AS SURPLUS TO THE NEEDS OF THE CITY; DESCRIBING THE MANNER OF DISPOSAL; AUTHORIZING THE CITY MANAGER TO DO ALL THINGS NECESSARY TO CARRY OUT THE AIMS OF THIS RESOLUTION; AND PROVIDING FOR AN EFFECTIVE DATE. Aventura City Commission Meeting Minutes February 9, 2017 C. Resolution No. 2017-07 was adopted as follows: A RESOLUTION OF THE CITY COMMISSION OF THE CITY OF AVENTURA, FLORIDA, APPROVING THE APPOINTMENT OF MEMBERS TO THE CITY OF AVENTURA COMMUNITY SERVICES ADVISORY BOARD FOR A ONE- YEAR TERM; AND PROVIDING FOR AN EFFECTIVE DATE. D. Resolution No. 2017-08 was adopted as follows: A RESOLUTION OF THE CITY COMMISSION OF THE CITY OF AVENTURA, FLORIDA AUTHORIZING THE CITY MANAGER AND POLICE CHIEF TO EXECUTE AND OTHERWISE ENTER INTO THAT CERTAIN INTERGOVERNMENTAL SPECIAL RESPONSE TEAM AGREEMENT BETWEEN THE CITY OF AVENTURA POLICE DEPARTMENT AND THE U.S. DEPARTMENT OF HOMELAND SECURITY, IMMIGRATION & CUSTOMS ENFORCEMENT, HOMELAND SECURITY INVESTIGATIONS, OFFICE OF THE SPECIAL AGENT-IN-CHARGE MIAMI, FLORIDA (ICE-SAC-MIAMI) ATTACHED HERETO; AUTHORIZING THE CITY MANAGER AND POLICE CHIEF TO DO ALL THINGS NECESSARY TO CARRY OUT THE AIMS OF THIS RESOLUTION; AND PROVIDING FOR AN EFFECTIVE DATE. E. Resolution No. 2017-09 was adopted as follows: A RESOLUTION OF THE CITY COMMISSION OF THE CITY OF AVENTURA, FLORIDA APPROVING THE PURCHASE AND SALE AGREEMENT WITH GULFSTREAM PARK RACING ASSOCIATION, INC. FOR THE ACQUISITION OF VACANT PROPERTY CONSISTING OF TWO (2) ACRES LOCATED ADJACENT TO AND WESTERLY OF WATERWAYS PARK ON N.E. 213 STREET (THE "PROPERTY") FOR MUNICIPAL PURPOSES; AUTHORIZING THE CITY MANAGER TO EXECUTE THE PURCHASE AND SALE AGREEMENT SUBSTANTIALLY IN THE FORM ATTACHED HERETO AS EXHIBIT "A", AND ANY ADDENDUMS THERETO; AUTHORIZING THE CITY MANAGER AND OFFICIALS TO IMPLEMENT THE TERMS AND CONDITIONS OF THE PURCHASE AND SALE AGREEMENT, AND TO EXECUTE ANY DOCUMENTS NECESSARY TO EFFECTUATE THE ACQUISITION AND CLOSING OF THE PROPERTY; AUTHORIZING THE EXPENDITURE OF FUNDS; AND PROVIDING FOR AN EFFECTIVE DATE. F. Resolution No. 2017-10 was adopted as follows: A RESOLUTION OF THE CITY COMMISSION OF THE CITY OF AVENTURA, FLORIDA AUTHORIZING THE CITY MANAGER TO EXECUTE AND OTHERWISE ENTER INTO THAT CERTAIN COLLECTIVELY BARGAINED CONTRACT ATTACHED HERETO BY AND BETWEEN THE CITY OF AVENTURA AND THE DADE COUNTY POLICE BENEVOLENT ASSOCIATION, WHICH CONTRACT SHALL BE EFFECTIVE UPON SIGNATURE BY THE CITY MANAGER AND THE DADE COUNTY POLICE BENEVOLENT ASSOCIATION; AUTHORIZING THE CITY MANAGER TO DO ALL THINGS NECESSARY TO CARRY OUT THE AIMS OF THIS RESOLUTION; AND PROVIDING AN EFFECTIVE DATE. Page 2 of 4 Aventura City Commission Meeting Minutes February 9, 2017 6. ZONING HEARINGS: QUASI-JUDICIAL PUBLIC HEARINGS: Mr. Wolpin reviewed the quasi-judicial procedures and read the following Resolution by title: RESOLUTIONS- PUBLIC HEARING: A RESOLUTION OF THE CITY COMMISSION OF THE CITY OF AVENTURA, FLORIDA, APPROVING A SIGN VARIANCE FOR THE AT&T RETAIL STORE ON PROPERTY LOCATED AT 18101 BISCAYNE BOULEVARD, CITY OF AVENTURA; PROVIDING FOR AN EFFECTIVE DATE. Mrs. Horvath administered the oath to all those wishing to offer testimony. A motion for approval of the Resolution was offered by Commissioner Shelley and seconded by Commissioner Dr. Marks. Community Development Director Joanne Carr addressed the Commission and entered the staff report into the record, which recommended approval, subject to the conditions specified in Section 1 of the resolution. No testimony was provided on behalf of the Applicant. Mayor Weisman opened the public hearing. There being no comments, the public hearing was closed. The motion for approval of the Resolution passed unanimously by roll call vote, and Resolution No. 2017-11 was adopted. 7. ORDINANCES - FIRST READING — PUBLIC HEARING: Mr. Wolpin read the following ordinance by title: AN ORDINANCE OF THE CITY OF AVENTURA, FLORIDA CREATING DIVISION 7 "YOUTH ADVISORY BOARD" OF ARTICLE III "ADVISORY BOARDS" OF CHAPTER 2 "ADMINISTRATION" OF THE CITY CODE OF THE CITY OF AVENTURA, FLORIDA; ESTABLISHING AN ADVISORY BOARD AND PROVIDING FOR ITS DUTIES AND RESPONSIBILITIES; PROVIDING FOR SEVERABILITY; PROVIDING FOR INCLUSION IN CODE; PROVIDING FOR AN EFFECTIVE DATE. A motion to recommend adoption of the Ordinance on first reading was offered by Commissioner Weinberg and seconded by Commissioner Landman. Mayor Weisman opened the public hearing. There being no comments, Mayor Weisman closed the public hearing. The motion to approve the Ordinance on first reading was passed unanimously, by roll call vote. 8. ORDINANCES - SECOND READING/PUBLIC HEARING: None Page 3 of 4 Aventura City Commission Meeting Minutes February 9, 2017 9. RESOLUTIONS — PUBLIC HEARING: None 10. REPORTS: Commissioner Landman reported on the success of the B-Cycle program and the Green Market and reviewed upcoming Aventura events. Commissioner Shelley reported on the approval of Agenda Item 5E, for the purchase of land in the north Aventura area, possibly to be used for a charter high school. Vice Mayor Narotsky reported on the upcoming City of Aventura Citizens Police Academy. Mayor Weisman recognized Mr. Soroka for the City achieving the Government Finance Officers Association Distinguished Budget Presentation Award. Mr. Soroka reported that the Florida Department of Transportation will be reconfiguring the lane that ends on Biscayne Boulevard, adjacent to the Promenade Shops. Michael Krop Senior High School representative Nathaniel Manor (SGA President — 11th Grade) provided a report on news and events at the school. 11. PUBLIC COMMENTS: The following members of the public provided comments: Robert Burroughs (Miami Shores), Ran Oz (RightHear), and Mark Lotterman (3640 Yacht Club Drive). 12. OTHER BUSINESS: None. 13. ADJOURNMENT: There being no further business to come before the Commission, a motion to adjourn was offered by Commissioner Landman, seconded by Commissioner Dr. Marks, and unanimously approved; thus adjourning the meeting at 6:55 p.m. Ellisa L. Horvath, MMC, City Clerk Approved by the Commission on March 7, 2017. Page 4 of 4 The City of CITY COMMISSION Ay �e WORKSHOP MEETING MINUTES Aventura Government Center �Y erlLu. FEBRUARY 16, 2017 19200 W Country Club Drive Aventura, Florida 33180 9:00 A.M. CALL TO ORDER/ROLL CALL: The meeting was called to order by Mayor Enid Weisman at 9:01 a.m. The following were present: Mayor Enid Weisman, Vice Mayor Marc Narotsky, Commissioner Denise Landman, Commissioner Dr. Linda Marks, Commissioner Gladys Mezrahi, Commissioner Robert Shelley, Commissioner Howard Weinberg, City Manager Eric M. Soroka, City Clerk Ellisa L. Horvath, and City Attorney David M. Wolpin. As a quorum was determined to be present, the meeting commenced. 1. PROPOSED TEXT AMENDMENT TO CITY LDRS AND COMPREHENSIVE PLAN AMENDMENT — ACCESSORY LIMITED SERVICE HOTEL: Attorney Neisen Kasdin and Attorney Marissa Amuial, representing Harry Gross — Granite Aventura LLC (Applicant), presented the Applicant's proposal for a text amendment to the Code, with a companion Comprehensive Plan amendment, to permit limited service hotels subject to specific conditions and approvals. Mr. Gross reviewed the proposal for a mixed-use project containing apartment rentals and a limited service hotel, on the vacant property located at the northwest corner of NE 185th Street and NE 28th Court. Community Development Director Joanne Carr voiced the following concerns: changing the Comprehensive Plan to allow combined uses to include commercial use with residential use, traffic congestion in an already congested area of the City, and the unit size of 550 square feet when the minimum allowed is 800 square feet, as well as other unintended consequences. The Commission requested more specific information on what the Applicant wanted to do, before further consideration. The following members of the public provided comments: Rabbi Rosenfeld (Chabad). City Manager Summary: It was the consensus of the Commission to table this item. The Applicant was directed to meet with Mr. Soroka and Ms. Carr to review the current allowed requirements, to see if the project can be done within those requirements with fewer changes. 2. UPDATE — UNIFIED MASTER PLAN FOR PEDESTRIAN AND BICYCLE CONNECTIVITY (City Manager): City Consultant Joe Corradino (The Corradino Group) reviewed a PowerPoint and the progress of the study and recommendations. City Manager Summary: No action - this item was provided for informational purposes. 4 3. UPDATE — 2ND ANNUAL ARTS, CRAFTS, AND ALL THAT JAZZ FESTIVAL (City Manager): Community Services Director Kimberly Merchant provided an update on the March 11th event. Aventura City Commission Workshop Meeting Minutes— February 16, 2017 City Manager Summary: No action - this item was provided for informational purposes. 4. CONTINUANCE OF SILVER ROUTE (City Manager): Mr. Soroka recommended that the Silver Bus Route be continued throughout the year, to increase overall ridership, while reducing volume on the other routes. The estimated cost of $85,000 was provided, to be funded from the transportation mitigation impact fee funds. City Manager Summary: It was the consensus of the Commission to proceed with the recommendation. 5. HIGH SCHOOL FEASIBILITY PLAN (City Manager): Mr. Soroka distributed and reviewed a proposed action plan for an Aventura Charter High School. City Manager Summary: It was the consensus of the Commission for Mr. Soroka to meet with Charter School USA to discuss the feasibility of proceeding with a charter high school and report back to the Commission. 6. AIRBNB (Mayor Weisman): Mayor Weisman discussed the letter from Joanne Carr to Airbnb. Mr. Soroka explained the Code prohibition on short-term rentals. Mr. Wolpin explained the restriction, which was approved well before the State's deadline allowing municipalities to do so. City Manager Summary: No action - this item was provided for informational purposes. The following additional items were discussed: Mr. Soroka discussed a request from Senator Daphne Campbell to have office space at Government Center. It was the consensus of the Commission to provide Senator Campbell with the same accommodations as given to other officials (use of a conference room when needed). Mayor Weisman reported on the meeting with the County regarding the Northeast Corridor. Mr. Soroka discussed the County's plan for municipalities and developers to provide financial support and will brief the Commission at a future workshop meeting. 7. ADJOURNMENT: There being no further business to come before the Commission, the meeting was adjourned by consensus at 12:00 p.m. Ellisa L. Horvath, MMC, City Clerk Approved by the Commission on March 7, 2017. Page 2 of 2 CITY OF AVENTURA OFFICE OF THE CITY MANAGER MEMORANDUM TO: City Commission FROM: Eric M. Soroka, ICMA-CM, C / a :ger DATE: February 27, 2017 SUBJECT: Resolution Declaring Equipm• • -urplus March 7, 2017 City Commission Meeting Agenda ItemSB RECOMMENDATION It is recommended that the City Commission adopt the attached Resolution declaring certain equipment as surplus to the needs of the City. BACKGROUND Section 2-258 of the City Code of Ordinances provides that any property owned by the City which has become obsolete or which has outlived its usefulness may be disposed of in accordance with procedures established by the City Manager, so long as the property has been declared surplus by a resolution of the City Commission. If you have any questions, please feel free to contact me. EMS/act Attachment RESOLUTION NO. 2017- A RESOLUTION OF THE CITY COMMISSION OF THE CITY OF AVENTURA, FLORIDA DECLARING CERTAIN PROPERTY LISTED UNDER THE ASSETS OF THE CITY AS SURPLUS TO THE NEEDS OF THE CITY; DESCRIBING THE MANNER OF DISPOSAL; AUTHORIZING THE CITY MANAGER TO DO ALL THINGS NECESSARY TO CARRY OUT THE AIMS OF THIS RESOLUTION; AND PROVIDING FOR AN EFFECTIVE DATE. WHEREAS, the City Manager desires to declare certain property as surplus to the needs of the City; and WHEREAS, Ordinance No. 2000-09 provides that all City-owned property that has been declared surplus cannot be disposed of prior to the preparation and formal approval of a resolution by the City Commission. NOW, THEREFORE, BE IT RESOLVED BY THE CITY COMMISSION OF THE CITY OF AVENTURA, FLORIDA, THAT: Section 1. Recitals Adopted. The above recitals are hereby confirmed and adopted herein. Section 2. The property listed on Exhibit "A" has been declared surplus and is hereby approved for disposal. Section 3. The City Manager is authorized to dispose of the property listed on Exhibit "A" through a public auction, sale, trade-in, transfer to other governmental agency or, if of no value, discarded. Section 4. The City Manager is hereby authorized to do all things necessary to carry out the aims of this Resolution. Section 5. This Resolution shall become effective immediately upon its adoption. The foregoing Resolution was offered by Commissioner , who moved its adoption. The motion was seconded by Commissioner , and upon being put to a vote, the vote was as follows: Commissioner Denise Landman Commissioner Dr. Linda Marks Commissioner Gladys Mezrahi Commissioner Robert Shelley Commissioner Howard Weinberg Vice Mayor Marc Narotsky Mayor Enid Weisman City of Aventura Resolution No. 2017- PASSED AND ADOPTED this 7th day of March, 2017. ENID WEISMAN, MAYOR ATTEST: ELLISA L. HORVATH, MMC CITY CLERK APPROVED AS TO LEGAL SUFFICIENCY: CITY ATTORNEY Page 2 of 2 CITY 0 AVENTURA POLIC: DEPARTMENT INTE- • - CE MEMORANDUM TO: Eric M. Soroka_City , . ..er FRO even Steinbe ., 'hief o Police DATE: 17 February 2017 SUBJECT: Surplus Property I would like to have the below listed items, owned by the City of Aventura, declared Surplus Property as per City of Aventura APDP, Chapter 6, Subsection 5, Page 1, as these items have become inadequate for public purposes: Request that the property and vehicle listed on the two attached memos be approved for surplus by the Commission. **It is also requested that any money received from the sale of the 2005 Workhorse Utility Truck be deposited into the Forfeiture Account that the money came from originally to purchase the truck. The Forfeiture account number is: 615.2001.521.64-10 Amount originally requested for the truck: $44,988.00 CITY OF AVENTURA POLICE DEPARTMENT MEMORANDUM TO: Chief Steinberg FROM: Major Pegues SUBJECT: Surplus of 2005 Workhorse Utility Truck Date: February 15th, 2017 I am requesting to surpluss the 2005 Workhorse Utility Truck assigned to the SWAT team. Since the purchase of our current ballistic armored transport truck the team does not use or anticipate any future use of the vehicle. The workhorse truck has not been used in almost 2 years and needs extensive work to the electrical system and powertrain in order to become operational. In making this decision I have consulted with Fleet Manager Galleti, Sergeant Nelson Reyes, Team Leader Sean Bergert and Assistant Team Leader Jason Williams. Everyone is in agreement that there is no longer a valid need or use for the truck. I have attached copies of the paperwork from 2006 showing that the workhorse truck was purchased with forfeiture funds. 2005 Chevrolet Workhorse Vehicle # 2599 Vin # 5B4LP72G953399014 at=are of AVENTURo•Purchase Order Inquiry , '! functions Help 141 ik I I 6 0 ISE �lpldl7 rttii-ta AAl P.O. E9 �.d Dat. Ordered �ueaEC Status 8 COMPLETED Invoiced usaa all Tie P PURCHASE ORDER Liquidated 41988.00 Data 7n7A5 Balm= .00 Vaeda 2964 GEORGIA EIIMIERCIAL VEHICLES Li Lint roc 7!111416 NOAR Ship to PD POLICE DEPARTMENT Last In, TORE6 SARI Innen'n'b FS FINANCE DEPARTMENT Freight ant Sew MORA SAEIIU AdJustaenl Call inn NI Satan tar ODOt Ship via Sales to 2 F.0.1] Adel tax 0.00% Freight fhtaloalp% OE Centra[(ns, NOW by ?EWE Payment Demme 4001 Order discount OCQI Tome He days tie dee Nit Cher ID WIN, tigYWtian len comeMe Oele MAR Dna e, MAR NM Acrd 6I4 11521E410 PTJ DK I Eult I Camel I per I Renu I loot=s Bedieacaenenu CITY OF AVENTURA POLICE DEPARTMENT MEMORANDUM TO: Chief Steinberg FROM: Major Pegues SUBJECT: Crime Suppression Unit Equipment Surplus Date: February 15ih, 2017 Attached is a memorandum from Sergeant Robert Myers requesting to surplus the following items assigned to the Crime Suppression Unit: 1. Thermal NVG Palm IR - Serial #12006 2. Vehicle Tracker- Serial #A1004010000004 3. Video Sender#1 - Serial #700609406 4. Video Sender#2 - Serial #80000204 5. Vent Camera - Serial #1017060007 6. Pole Camera #1 - Serial #MM100071600712 7. Pole Camera #2 - Serial#MM100071600711 The listed equipment is out dated and non-serviceable. CITY OF AVENTURA CITY CLERK'S OFFICE MEMORANDUM TO: City Maria./ FROM: Ellisa L. Ho - MC, City Clerk DATE: March 3, 2017 SUBJECT: Surplus Property I am requesting to have the following City-owned items be declared Surplus Property, per City of Aventura APDP, Chapter 6, Subsection 5, Page 1, as these items have become inadequate for the public purpose for which they were intended: 1. Sony TCM-5000EV Cassette-Corder 2. Desk Chair#0240 3. Office Desk Chair — Clerk 4. Office Desk Chair— Executive Assistant to the Clerk CITY OF AVENTURA OFFICE OF THE CITY MANAGER MEMORANDUM TO: City Commission FROM: Eric M. Soroka, ICMA-CM, Cit f anag-r DATE: March 1, 2017 SUBJECT: Renewal of FDOT Landscape Maint- ance Contract for Biscayne Boulevard March 7, 2017 City Commission Meeting Agenda Item 5e, RECOMMENDATION It is recommended that the City Commission adopt the attached Resolution authorizing the renewal of the attached contract with the Florida Department of Transportation (FDOT) for landscape maintenance along Biscayne Boulevard from the Oleta River Bridge to the County line. The original renewal contract was authorized by Resolution 2016-16. FDOT will reimburse the City in the amount of$12,676.00 per year. If you have any questions, please feel free to contact me. EMS/act Attachment CC01695-17 RESOLUTION NO. 2017- A RESOLUTION OF THE CITY COMMISSION OF THE CITY OF AVENTURA, FLORIDA AUTHORIZING THE CITY MANAGER TO EXECUTE THE ATTACHED CONTRACT RENEWAL FOR LANDSCAPE MAINTENANCE WITHIN THE FLORIDA DEPARTMENT OF TRANSPORTATION RIGHT-OF-WAY ON BISCAYNE BOULEVARD FROM THE OLETA RIVER BRIDGE NORTH TO THE MIAMI- DADE/BROWARD COUNTY LINE BY AND BETWEEN THE CITY OF AVENTURA AND THE FLORIDA DEPARTMENT OF TRANSPORTATION; AUTHORIZING THE CITY MANAGER TO TAKE NECESSARY AND EXPEDIENT ACTION TO CARRY OUT THE AIMS OF THIS RESOLUTION; AND PROVIDING FOR AN EFFECTIVE DATE. NOW THEREFORE, BE IT RESOLVED BY THE CITY COMMISSION OF THE CITY OF AVENTURA, FLORIDA, THAT: Section 1. The City Manager is hereby authorized to execute the attached Contract Renewal by and between the City of Aventura and the Florida Department of Transportation to provide landscape maintenance services on the Florida Department of Transportation right-of-way on Biscayne Boulevard from the Oleta River Bridge north to the Miami-Dade/Broward County line. Section 2. The City Manager is hereby authorized to do all things necessary to carry out the aims of this Resolution. Section 3. This Resolution shall become effective immediately upon its adoption. The foregoing resolution was offered by Commissioner , who moved its adoption. The motion was seconded by Commissioner , and upon being put to a vote, the vote was as follows: Commissioner Denise Landman Commissioner Dr. Linda Marks Commissioner Gladys Mezrahi Commissioner Robert Shelley Commissioner Howard Weinberg Vice Mayor Marc Narotsky Mayor Enid Weisman City of Aventura Resolution No. 2017- PASSED AND ADOPTED this 71h day of March, 2017. ENID WEISMAN, MAYOR ATTEST: ELLISA L. HORVATH, MMC CITY CLERK APPROVED AS TO LEGAL SUFFICIENCY: CITY ATTORNEY Page 2 of 2 TURF AND LANDSCAPE MAINTENANCE DEPARTMENT FUNDED AGREEMENT BETWEEN THE FLORIDA DEPARTMENT OF TRANSPORTATION AND THE CITY OF AVENTURA This Agreement, is made and entered into this day of 20_ by and between the State of Florida Department of Transportation, a component agency of the State of Florida, hereinafter referred to as the `DEPARTMENT', and the City of Aventura, a municipal corporation of the State of Florida, hereinafter referred to as the `LOCAL GOVERNMENT'. RECITALS: WHEREAS, the DEPARTMENT has jurisdiction and maintains State Road (S.R) 5/Biscayne Boulevard/US-lin the LOCAL GOVERNMENT; and WHEREAS,the DEPARTMENT, at the LOCAL GOVERNMENT'S request,has agreed to compensate the LOCAL GOVERNMENT for the maintenance of turf and landscape,hereinafter referred to as the `PROJECT',and WHEREAS, the LOCAL GOVERNMENT recognizes that the State Right-of-Way contains turf and landscape, which requires ongoing maintenance; and WHEREAS, the DEPARTMENT has programmed funding for the PROJECT under Financial Project Number 407334-3-78-01, and has agreed to compensate the LOCAL GOVERNMENT for turf and landscape maintenance services as further described in Exhibit"A" — Scope of Services, and in accordance with the provisions of Exhibit"B", Financial Summary, which exhibits are attached hereto, and incorporated by reference; and WHEREAS, the LOCAL GOVERNMENT is currently under maintenance obligations as stipulated in Permit Number(s) 2001-L-691-2 and 20007-L-691-1; and WHEREAS,the parties hereto mutually recognize the need for entering into an Agreement designating and setting forth the responsibilities of each party; and WHEREAS, the parties are authorized to enter into this Agreement pursuant to Section 339.08(e) and 339.12,Florida Statutes (F.S.); NOW, THEREFORE, in consideration of the premises, the mutual covenants and other valuable considerations contained herein, the receipt and sufficiency of which are acknowledged, the parties agree as follows: 1. INCORPORATION OF RECITALS Turf and Landscape Maintenance Department Funded Agreement between the Florida Department of Transportation and the City of Aventura Financial Project#407334-3-78-01 Page 1 of 15 The foregoing recitals are true and correct and are incorporated into the body of this Agreement, as if fully set forth herein. 2. GENERAL REQUIREMENTS AND OBLIGATIONS OF THE PARTIES a. The LOCAL GOVERNMENT shall submit this Agreement to its LOCAL GOVERNMENT Council/Commission for ratification or approval by resolution. A copy of said resolution is attached hereto as Exhibit "D" - Local Government's Resolution, and is herein incorporated by reference. b. The LOCAL GOVERNMENT shall not commence the PROJECT until the effective date of this Agreement, which shall be the date reflected on page 1, and the DEPARTMENT shall not compensate the LOCAL GOVERNMENT for any PROJECT work undertaken prior to the effective date of this Agreement. c. The LOCAL GOVERNMENT shall be responsible for the maintenance of all areas that have turf and landscape within the DEPARTMENT's right-of-way(the project limits) as described in Exhibit"A" d. The LOCAL GOVERNMENT shall be responsible for performing the required maintenance within the project limits with the minimum frequencies stipulated in Exhibit"A". e. All turf and landscape maintenance shall be in accordance with the latest edition of the State of Florida "Guide for Roadside Mowing" and the latest edition of the "Maintenance Rating Program", and Index 546 of the latest FDOT Design Standards. f. Before the LOCAL GOVERNMENT starts the work, the DEPARTMENT shall be notified, via fax or e-mail. The fax or e-mail shall be sent to the attention of the North Miami-Dade Maintenance Engineer, Alex Perez, P.E. at (305) 640-7165 or alex.perez())dot.state.fl.us g. The LOCAL GOVERNMENT shall not be responsible for the clean-up, removal and disposal of debris from the DEPARTMENT's right of way following a natural disaster (i.e. hurricane,tornados, etc.). However,the cost of any cycle or part thereof impaired by any such event may be deducted from the DEPARTMENT's affected quarterly payment to the LOCAL GOVERNMENT. h. It is understood between the parties hereto that all the landscaping covered by this Agreement may be removed, relocated or adjusted at any time in the future as found necessary by the DEPARTMENT in order that the adjacent state road be widened, altered or otherwise changed and maintained to meet with future criteria or planning of the DEPARTMENT. Turf and Landscape Maintenance Department Funded Agreement between the Florida Department of Transportation and the City of Aventura Financial Project#407334-3-78-01 Page 2 of 15 i. The LOCAL GOVERNMENT shall not plant additional landscaping within the limits of the PROJECT,without prior written approval by the DEPARTMENT,in accordance with Florida Administrative Code Rule 1440.003. Such approval shall be in the form of a separate written agreement that will require the LOCAL GOVERNMENT to properly construct and maintain the additional landscaping without compensation from the DEPARTMENT. j. This Agreement shall not obligate the DEPARTMENT to pay the LOCAL GOVERNMENT to maintain any additional landscaping, planted after the effective date of this Agreement, within the limits of the PROJECT, and shall not obligate the LOCAL GOVERNMENT to maintain any such additional landscaping. k. Payments to the LOCAL GOVERNMENT shall be made in accordance with Sections 3 and 5 of this Agreement. 3. FINANCIAL PROVISIONS a. The DEPARTMENT agrees to compensate the LOCAL GOVERNMENT, up to the maximum participating annual amount of $12,676.00 for completion of the services described in Exhibit "A" — Scope of Services. The method of compensation is included in Exhibit"B". b. The LOCAL GOVERNMENT shall provide quantifiable, measurable, and verifiable units of deliverables. Each deliverable must specify the required minimum level of service to be performed and the criteria for evaluating successful completion. The PROJECT, identified as PROJECT Number 407334-3-78-01, and the quantifiable, measurable, and verifiable units of deliverables, consisting of the performance measures services required to perform the PROJECT Scope of Services described in Exhibit "A". (Section 287.058(1)(d) and(e), F.S.), c. Invoices shall be submitted by the LOCAL GOVERNMENT in detail sufficient for a proper pre-audit and post audit based on the quantifiable, measurable and verifiable units of deliverables as established in Exhibit "A", accompanied by the duly executed certification document in Exhibit "C", thereby establishing that the Scope of Services described in Exhibit"A"have been completed. Deliverables must be received and accepted in writing by the DEPARTMENT's PROJECT Manager prior to payments. (Section 287.058 (1)(a), F.S.) d. Supporting documentation must establish that the deliverables were received and accepted in writing by the LOCAL GOVERNMENT, or performed by the LOCAL GOVERNMENT, and must also establish that the required minimum level of service to be performed based on the criteria for evaluating successful completion as specified in Exhibit "A" — Scope of Services was met (see Exhibit "C" — Turf and Landscape JPA Certification Document). Turf and Landscape Maintenance Department Funded Agreement between the Florida Department of Transportation and the City of Aventura Financial Project#407334-3-78-01 Page 3 of 15 e. There shall be no reimbursement or compensation for travel expenses under this Agreement. f. Payment shall be made only after receipt and approval of goods and/or services unless advance payments are authorized by the Chief Financial Officer of the State of Florida under Chapters 215 and 216, F.S. If the DEPARTMENT determines that the performance of the LOCAL GOVERNMENT is unsatisfactory,the DEPARTMENT shall notify the LOCAL GOVERNMENT of the deficiency to be corrected, which correction shall be made within a time-frame to be specified by the DEPARTMENT. The LOCAL GOVERNMENT shall, within five days after notice from the DEPARTMENT, provide the DEPARTMENT with a corrective action plan describing how the LOCAL GOVERNMENT will address all issues of contract non-performance, unacceptable performance, failure to meet the minimum performance levels, deliverable deficiencies, or contract non-compliance. If the corrective action plan is unacceptable to the DEPARTMENT, the LOCAL GOVERNMENT shall be assessed a non-performance retainage equivalent to 10% of the total invoice amount. The retainage shall be applied to the invoice for the then-current billing period. The retainage shall be withheld until the LOCAL GOVERNMENT resolves the deficiency. If the deficiency is subsequently resolved, the LOCAL GOVERNMENT may bill the DEPARTMENT for the retained amount during the next billing period.If the LOCAL GOVERNMENT is unable to resolve the deficiency, the funds retained may be forfeited at the end of the Agreement's term. (Section 287.058(1)(h), F.S.). The LOCAL GOVERNMENT providing goods and/or services to the DEPARTMENT should be aware of the following time frames. Inspection and approval of goods or services shall take no longer than 5 working days unless the bid specifications, purchase order,or contract specifies otherwise. The DEPARTMENT has 20 days to deliver a request for payment(voucher)to the Department of Financial Services. The 20 days are measured from the latter of the date the invoice is received or the goods or services are received, inspected, and approved. (Section 215.422(1), F.S.). If a payment is not available within 40 days, a separate interest penalty at a rate as established pursuant to Section 55.03(1), F.S., will be due and payable, in addition to the invoice amount,to the LOCAL GOVERNMENT. Interest penalties of less than one (1) dollar will not be enforced unless the LOCAL GOVERNMENT requests payment. Invoices that have to be returned to LOCAL GOVERNMENT because of LOCAL GOVERNMENT preparation errors will result in a delay in the payment. The invoice payment requirements do not start until a properly completed invoice is provided to the DEPARTMENT. (Section 215.422(3)(b), F.S.) A Vendor Ombudsman has been established within the DEPARTMENT of Financial Services. The duties of this individual include acting as an advocate for LOCAL GOVERNMENT who may be experiencing problems in obtaining timely payment(s)from Turf and Landscape Maintenance Department Funded Agreement between the Florida Department of Transportation and the City of Aventura Financial Project#407334-3-78-01 Page 4 of 15 a state agency. The Vendor Ombudsman may be contacted at (850) 413-5516. (Section 215.422(5)and(7),F.S.) g. Records of costs incurred under the terms of this Agreement shall be maintained and made available upon request to the DEPARTMENT at all times during the period of this Agreement and for five(5)years after final payment is made. Copies of these documents and records shall be furnished to the DEPARTMENT upon request. Records of costs incurred include the LOCAL GOVERNMENT's general accounting records and the PROJECT records,together with supporting documents and records, of the contractor and all subcontractors performing work on the PROJECT, and all other records of the Contractor and subcontractors considered necessary by the DEPARTMENT for a proper audit of costs. (Section 287.058(4),F.S.) h. In the event this contract is for services in excess of$25,000.00 and a term for a period of more than 1 year,the provisions of Section 339.135(6)(a), F.S.,are hereby incorporated: "The DEPARTMENT, during any fiscal year, shall not expend money, incur any liability, or enter into any contract which, by its terms, involves the expenditure of money in excess of the amounts budgeted as available for expenditure during such fiscal year. Any contract,verbal or written,made in violation of this subsection is null and void, and no money may be paid on such contract. The DEPARTMENT shall require a statement from the Comptroller of the DEPARTMENT that such funds are available prior to entering into any such contract or other binding commitment of funds. Nothing herein contained shall prevent the making of contracts for periods exceeding 1 year, but any contract so made shall be executory only for the value of the services to be rendered or agreed to be paid for in succeeding fiscal years; and this paragraph shall be incorporated verbatim in all contracts of the DEPARTMENT which are for an amount in excess of $25,000.00 and which have a term for a period of more than 1 year." i. The DEPARTMENT's obligation to pay is contingent upon an annual appropriation by the Florida Legislature. (Section 216.311, F.S.) j. The LOCAL GOVERNMENT shall: i. Utilize the U.S. DEPARTMENT of Homeland Security's E-Verify system to verify the employment eligibility of all new employees hired by the LOCAL GOVERNMENT during the term of the contract; and ii.Expressly require any contractors and subcontractors performing work or providing services pursuant to the state contract to likewise utilize the U.S. DEPARTMENT of Homeland Security's E-Verify system to verify the employment Turf and Landscape Maintenance Department Funded Agreement between the Florida Department of Transportation and the City of Aventura Financial Project#407334-3-78-01 Page 5 of 15 eligibility of all new employees hired by the subcontractor during the contract term. (Executive Order Number 2011-02). The LOCAL GOVERNMENT shall insert the above clause into any contract entered into by the LOCAL GOVERNMENT with vendors or contractors hired by the LOCAL GOVERNMENT for purposes of performing its duties under this Agreement. 4. COMMUNICATIONS All notices, requests, demands, consents, approvals, and other communication which are required to be served or given hereunder,shall be in writing and shall be sent by certified U.S. mail, return receipt requested, postage prepaid, addressed to the party to receive such notices as follows: To DEPARTMENT: Florida Department of Transportation 1000 NW III th Avenue, Room 6205 Miami, Florida 33172-5800 Attention: District Maintenance Engineer To LOCAL GOVERNMENT: City of Aventura 19200 West Country Club Drive Aventura, Florida 33180 Attention: City Manager Notices shall be deemed to have been received by the end of five (5) business days from the proper sending thereof unless proof of prior actual receipt is provided. 5. INVOICING a. The LOCAL GOVERNMENT shall submit quarterly invoices for DEPARTMENT review,approval,and payment in accordance with this Agreement.Quarterly payments will be made upon invoice approval in an amount not to exceed one fourth of the eligible PROJECT costs. Each invoice shall include a completed Turf and Landscape JPA Work Certification Document (Exhibit "C") certifying that the goods and/or services to be completed and paid under this Agreement have been satisfactorily completed and delivered in accordance with the required Scope of Work in Exhibit "A„ b. In the event temporary work by the DEPARTMENT's forces or by other Contractors temporarily prevent the LOCAL GOVERNMENT from performing the work described in this Agreement, the DEPARTMENT shall deduct from the affected quarterly payment(s) the acreage affected area and only compensate the LOCAL GOVERNMENT for the actual work it performs. i. The DEPARTMENT shall initiate this procedure only if the temporary work Turf and landscape Maintenance Department Funded Agreement between the Florida Department of Transportation and the City of Aventura Financial Project#407334-3-78-01 Page 6 of 15 prevents the LOCAL GOVERNMENT from performing its work for a period of one(1)month or longer. c. In the event this Agreement is terminated as established in Section 8 herein, payment will be prorated within the quarter in which termination occurs. The prorated payment shall be for approved work meeting the requirements stipulated in this Agreement. 6. FINANCIAL CONSEQUENCES Payment shall be made only after receipt and approval of goods and services unless advance payments are authorized by the Chief Financial Officer of the State of Florida under Chapters 215 and 216, F.S. Deliverable(s) must be received and accepted in writing by the Contract Manager on the DEPARTMENT'S invoice transmittal forms prior to payment. If the DEPARTMENT determines that the performance of the LOCAL GOVERNMENT is unsatisfactory, the DEPARTMENT shall notify the LOCAL GOVERNMENT of the deficiency to be corrected, which correction shall be made within thirty(30)calendar days by the LOCAL GOVERNMENT. The LOCAL GOVERNMENT shall,within five(5)days after notice from the DEPARTMENT, provide the DEPARTMENT with a corrective action plan describing how the LOCAL GOVERNMENT will address all issues of contract non- performance, unacceptable performance, failure to meet the minimum performance levels, deliverable deficiencies, or contract non-compliance. If the corrective action plan is unacceptable to the DEPARTMENT, the DEPARTMENT may, at its option, proceed as follows: a. The LOCAL GOVERNMENT shall be assessed a non-performance retainage equivalent to 10% of the total invoice amount. The retainage shall be applied to the invoice for the then-current billing period. The retainage shall be withheld until the LOCAL GOVERNMENT resolves the deficiency. If the deficiency is subsequently resolved, the LOCAL GOVERNMENT may bill the DEPARTMENT for the retained amount during the next billing period. If the LOCAL GOVERNMENT is unable to resolve the deficiency,the funds retained may be forfeited at the end of the Agreement period. (Section 287.058(1)(h),F.S.) b. Maintain the median or roadside area(s) declared deficient with DEPARTMENT and/or a Contractor's material,equipment and personnel. The actual cost for such work will be deducted from the DEPARTMENT's affected quarterly payment to the LOCAL GOVERNMENT; or c. Terminate this Agreement. 7. EXPIRATION/RENEWAL This Agreement is for a term of one(1)year beginning on the effective date of this Agreement, which shall be the date reflected on page 1,and may be renewed twice,only if mutually agreed to in writing by the DEPARTMENT and the LOCAL GOVERNMENT. Any such renewal Turf and Landscape Maintenance Department Funded Agreement between the Florida Department of Transportation and the City of Aventura Financial Project#407334-3-78-01 Page 7 of 15 shall be subject to the same terms and conditions set forth in this Agreement, and shall be contingent upon both satisfactory LOCAL GOVERNMENT performance evaluations by the DEPARTMENT and the availability of funds. This Agreement may be extended if mutually agreed in writing by both parties, for a period not to exceed six(6)months and shall be subject to the same terms and conditions set forth in this Agreement. There shall be only one(1)extension of this Agreement. 8. TERMINATION This Agreement, or part hereof, is subject to termination under any one of the following conditions: a. In the event the DEPARTMENT exercises the option identified by Section 6 of this Agreement. b. As mutually agreed by both parties. c. In accordance with Section 287.058(1)(c),F.S.,the DEPARTMENT shall reserve the right to unilaterally cancel this Agreement if the LOCAL GOVERNMENT refuses to allow public access to any or all documents,papers, letters, or other materials made or received by the LOCAL GOVERNMENT pertinent to this Agreement which are subject to provisions of Chapter 119,of the F.S. 9. ENTIRE AGREEMENT This Department Funded Agreement is the entire Agreement between the parties hereto,and it may be modified or amended only by mutual consent of the parties in writing. 10. GOVERNING LAW This Agreement shall be governed and construed in accordance with the laws of the State of Florida. 11. AMENDMENT This Agreement may be amended by mutual agreement of the DEPARTMENT and the LOCAL GOVERNMENT expressed in writing, executed and delivered by each party. 12. INVALIDITY If any part of this Agreement shall be determined to be invalid or unenforceable,the remainder of this Agreement shall not be affected thereby, if such remainder continues to conform to the terms and requirements of applicable law. Turf and Landscape Maintenance Department Funded Agreement between the Florida Department of Transportation and the City of Aventura Financial Project k 407334-3-78-01 Page 8 of 15 13. INDEMNIFICATION Subject to Section 768.28,Florida Statutes,as may be amended from time to time,the LOCAL GOVERNMENT shall promptly indemnify, defend, save and hold harmless the DEPARTMENT, its officers, agents, representatives and employees from any and all losses, expenses, fines, fees, taxes, assessments, penalties, costs, damages, judgments, claims, demands, liabilities, attorneys fees, (including regulatory and appellate fees), and suits of any nature or kind whatsoever caused by, arising out of, or related to the LOCAL GOVERNMENT'S negligent exercise or of its responsibilities as set out in this AGREEMENT, including but not limited to, any negligent act, negligent action,negligence or omission by the LOCAL GOVERNMENT, its officers, agents, employees or representatives in the performance of this AGREEMENT,whether direct or indirect,except that neither the LOCAL GOVERNMENT nor any of its officers, agents, employees or representatives will be liable under this provision for damages arising out of injury or damages caused or resulting from the negligence of the DEPARTMENT. The LOCAL GOVERNMENT's obligation to indemnify, defend and pay for the defense of the DEPARTMENT, or at the DEPARTMENT'S option, to participate and associate with the DEPARTMENT in the defense and trial of any claim and any related settlement negotiations, shall be triggered immediately upon the LOCAL GOVERNMENT's receipt of the DEPARTMENT's notice of claim for indemnification. The notice of claim for indemnification shall be deemed received if the DEPARTMENT sends the notice in accordance with the formal notice mailing requirements set forth in Section 5 of this AGREEMENT. The DEPARTMENT's failure to notify the LOCAL GOVERNMENT of a claim shall not release the LOCAL GOVERNMENT of the above duty to defend and indemnify the DEPARTMENT. The LOCAL GOVERNMENT shall pay all costs and fees related to this obligation and its enforcement by the DEPARTMENT. The indemnification provisions of this section shall survive termination or expiration of this AGREEMENT, but only with respect to those claims that arose from acts or circumstances which occurred prior to termination or expiration of this AGREEMENT. The LOCAL GOVERNMENT's evaluation of liability or its inability to evaluate liability shall not excuse the LOCAL GOVERNMENT's duty to defend and indemnify the DEPARTMENT under the provisions of this section. Only an adjudication or judgment, after the highest appeal is exhausted, specifically finding the DEPARTMENT was negligent shall excuse performance of this provision by the LOCAL GOVERNMENT. Turf and Landscape Maintenance Department Funded Agreement between the Florida Department of Transportation and the City of Aventura Financial Project#407334-3-78-01 Page 9 of 15 IN WITNESS WHFREOF,the parties hereto have executed this Agreement, on the day and year above written. CITY OF AVENTURA: STATE OF FLORIDA,DEPARTMENT OF TRANSPORTATION: BY: BY: LOCAL GOVERNMENT MANAGER DISTRICT SECRETARY ATTEST: ATTEST: (SEAL) LOCAL GOVERNMENT CLERK (SEAL) EXECUTIVE SECRETARY LEGAL REVIEW: LOCAL GOVERNMENT ATTORNEY DISTRICT CHIEF COUNSEL Turf and Landscape Maintenance Department Funded Agreement between the Florida Department of Transportation and the City of Aventura Financial Projects 407334-3-78-01 Page 10 of 15 Exhibit "A" Scope of Services Maintenance Responsibilities of the LOCAL GOVERNMENT The LOCAL GOVERNMENT shall be responsible for the maintenance of all turf and landscape areas within the DEPARTMENTS right of way on the State Roads below in accordance with all applicable DEPARTMENT guidelines, standards, and procedures, which shall include but shall not be limited to the Maintenance Rating Program Handbook, as may be amended from time to time. Additionally,the LOCAL GOVERNMENT shall maintain the all turf and landscape areas in accordance with the International Society of Arboriculture standards, the latest FDOT Design Standard, guidelines, and procedures, as may be amended from time to time. State Road Street Name From To No. 5 Biscayne Boulevard/US-1 Just South of Oleta River Miami-Dade/Broward Bridge County Line For each of the following work activities, the LOCAL GOVERNMENT shall be responsible for performing these minimum frequencies: • Litter Pickup - eighteen(18)times per year • Mowing, including edging and sweeping - eighteen(18)times per year • Landscape Maintenance/Tree Trimming - eighteen(18)times per year The LOCAL GOVERNMENT shall perform a minimum of two cycles per quarter for each of the work activities described above. The LOCAL GOVERNMENT's maintenance obligations shall include but not be limited to: a. Mowing, cutting and/or trimming and edging the grass and turf. b. Pruning all plant materials,which include trees,shrubs and ground covers,and parts thereof, including all material from private property encroaching into the DEPARTMENT'S right-of-way c. Maintaining existing decorative bricks,mulch and other aesthetic features currently found within these corridors. d. Fertilizing, insecticide, pesticide, herbicide and watering will be required to maintain the current landscape and turf in a healthy and vigorous growing condition. Turf and Landscape Maintenance Department Funded Agreement between the Florida Department of Transportation and the City of Aventura Financial Project#407334-3-78-01 Page 11 of 15 e. Paying for all water use and all costs associated therewith. f Pruning such parts thereof which may present a visual or other safety hazard for those using or intending to use the right-of-way. g. Removing and disposing of all undesirable vegetation including but not limited to weeding of plant beds and removal of invasive exotic plant materials. h. Removing and properly disposing of dead,diseased or otherwise deteriorated plants in their entirety, and replacing those that fall below the standards set forth in all applicable DEPARTMENT guidelines, standards and procedures as may be amended from time to time. i. Removing and disposing of all trimmings, roots, branches, litter, and any other debris resulting from the activities described by(a)to (h). j. Submitting Lane Closure Requests to the DEPARTMENT when maintenance activities will require the closure of a traffic lane in the DEPARTMENT'S right-of- way. Lane closure requests shall be submitted through the District Six Lane Closure Information System,to the DEPARTMENT'S area Permit Manager and in accordance with the District Six Lane Closure Policy, as may be amended from lime to time. FDOT Financial Project Number: 407334-3-78-01 County: Miami-Dade FDOT Project Manager: Alex Perez, P.E. (305) 640-7165 or alex.perez@dotstatefl.us LOCAL GOVERNMENT Project Manager: Eric M. Soroka, City Manager, (305)466-8910 esorokaAcityofaventura.corn Turf and Landscape Maintenance Department Funded Agreement between the Florida Department of Transportation and the City of Aventura Financial Project#4073343-78-01 Page 12 of 15 Exhibit "B" Financial Summary Financial Responsibilities of the LOCAL GOVERNMENT The LOCAL GOVERNMENT shall submit invoices to the DEPARTMENT as described in Section 5 of this Agreement for the work described in Exhibit "A". The following are the maximum participating compensation amounts the DEPARTMENT will make annually for each of these work activities: • Litter Pickup: $824.00 • Mowing, including edging and sweeping: $2,136.00 • Landscape/Tree Trimming: $9,716.00 TOTAL ANNUAL PROJECT AMOUNT ELIGIBLE FOR COMPENSATION BY THE DEPARTMENT: $12,676.00 The LOCAL GOVERNMENT may choose to exceed the required minimum maintenance frequencies for each of the work activities described above at no additional cost to the DEPARTMENT. Turf and Landscape Maintenance Department Funded Agreement between the Florida Department of Transportation and the City of Aventura Financial Project 4$407334-3-78-01 Page 13 of 15 Exhibit "C" STATE OF FRNIDA DEPARTMENT OF TRANSPORTATION TURF AND LANDSCAPE JPA WORK CERTIFICATION DOCUMENT CONTRACT NO; 41/42/43/44: MUNICIPALITY: INVOICE NO: PAGE OF Instructions: I orm to he completed by the Municipality certifying and documenting when the work was performed. The Department's Yard Engineer,or designee,will complete the portion confirming that the work per lormed meets the WA scope. Date Work Performed Location/SR Litter Pickup Mowing• Landsrape/TreeTrimming Comments/Remarks: MUNICIPALITY CERTIFYING WORK WAS COMPLETED PER CONTRACT FOOT CONFIRMS WORK WAS COMPLETED PER CONTRACI Name(Print): Name(Print): Signature: Signature: Date: Date: 'mowing work description also includes all types of mowing and edging/sweeping Turf and Landscape Maintenance Department Funded Agreement between the Florida Department of Transportation and the City of Aventura Financial Project 41407334-3-78-01 Page 14 of 15 Exhibit "D" LOCAL GOVERNMENT's Resolution To be herein incorporated once approved by the LOCAL GOVERNMENT Council/Commission. Turf and Landscape Maintenance Department Funded Agreement between the Florida Department of Transportation and the City of Aventura Financial Project N 407334-3-78-01 Page 15 of 15 CITY OF AVENTURA OFFICE OF THE CITY MANAGER MEMORANDUM TO: City Commission FROM: Eric M. Soroka, ICMA-CM, City • ge BY: Antonio F. Tomei, Capital Projects an-.er GL. THRU: Joseph S. Kroll, Public Works and Tr. sortation Director DATE: March 1, 2017 SUBJECT: Recommendation: Bid No: 17-02-27-2 — NE 27th Avenue and NE 28th Court Road Resurfacing Improvements March 7, 2017 City Commission Meeting Agenda Item 3 Recommendation It is recommended that the City Commission adopt the attached Resolution awarding Bid No. 17-02-27-2, NE 27th Avenue and NE 28th Court Road Resurfacing Improvements to the lowest responsible and responsive bidder, General Asphalt Company, Inc. for the price of $149,057.14. This project will be funded by Budget Line Item Number 120-5001-541-6305. Background In accordance with the City's Purchasing Ordinance, bids for this project were solicited, advertised, and opened on February 27, 2017. The City received six (6) bids for this project. The following are the three (3) lowest submitted: General Asphalt Co., Inc. $149,057.14 Weekley Asphalt Paving $174,496.40 Metro-Express $182,903.40 The Project is generally described as the removal and replacement of existing asphalt and the addition of pavement markings and signage. The project will also address curb and gutter repair and handicap ramp replacement. If you have any questions or need any additional information, please feel free to contact me. RESOLUTION NO. 2017- A RESOLUTION OF THE CITY COMMISSION OF THE CITY OF AVENTURA, FLORIDA AWARDING AND LETTING A BID/CONTRACT FOR BID NO. 17-02-27-2, NE 27TH AVENUE AND NE 28TH COURT ROAD RESURFACING IMPROVEMENTS TO GENERAL ASPHALT COMPANY, INC. AT THE BID PRICE OF $149,057.14; AUTHORIZING THE CITY MANAGER TO EXECUTE ASSOCIATED CONTRACTS; AUTHORIZING THE CITY MANAGER TO TAKE NECESSARY AND EXPEDIENT ACTION TO CARRY OUT THE AIMS OF THIS RESOLUTION; PROVIDING FOR THE APPROPRIATION AND ALLOCATION OF FUNDS FOR SAID BID AWARD; AND PROVIDING FOR AN EFFECTIVE DATE. WHEREAS, the City Manager has, pursuant to the various laws of the State of Florida and the Code of the City of Aventura, properly solicited and accordingly accepted bids for BID NO. 17-02-27-2, NE 27th Avenue and NE 28th Court Road Resurfacing Improvements; and WHEREAS, sealed bids have been submitted to and received by the City pursuant to the City's Invitation to Bid/Notice to Bidders, specifications, proposals, and requirements for the project/work as cited above; and WHEREAS, staff has determined that General Asphalt, Inc. submitted the lowest responsible and responsive bid for said project/work; and WHEREAS, the City Commission, upon the recommendation of the City Manager, is therefore desirous of awarding said bid/contract to said lowest responsible and responsive bidder; NOW THEREFORE, BE IT RESOLVED BY THE CITY COMMISSION OF THE CITY OF AVENTURA, FLORIDA: Section 1: That bid/contract for BID NO. 17-02-27-2, NE 27th Avenue and NE 28th Court Road Resurfacing Improvements is hereby awarded to General Asphalt Company, Inc. in the amount of $149,057.14. City of Aventura Resolution No. 2017- Section 2: That the City Manager is hereby authorized to execute, on behalf of the City, a contract by and between the parties embodying the terms, conditions, and specifications as set forth in the subject Invitation to Bid/Notice to Bidders, bid specifications, bid proposal and bid requirements, or if a City prepared contract was part of said bid proposal, said parties shall execute said prepared contract on behalf of the City. Section 3: That the City Manager is hereby authorized and requested to take all necessary and expedient action to carry out the aims of this Resolution in awarding this bid/contract. Section 4: That the funds to be allocated and appropriated pursuant hereto and for the purpose of carrying out the tenets of this Resolution shall be from Budget Line Item Number 120-5001-541-6305. Section 5: This Resolution shall be effective immediately upon its adoption. The foregoing resolution was offered by Commissioner , who moved its adoption. The motion was seconded by Commissioner , and upon being put to a vote, the vote was as follows: Commissioner Denise Landman Commissioner Dr. Linda Marks Commissioner Gladys Mezrahi Commissioner Robert Shelley Commissioner Howard Weinberg Vice Mayor Marc Narotsky Mayor Enid Weisman Page 2 of 3 City of Aventura Resolution No. 2017- PASSED AND ADOPTED this 7th day of March, 2017. ENID WEISMAN, MAYOR ATTEST: ELLISA L. HORVATH, MMC CITY CLERK APPROVED AS TO LEGAL SUFFICIENCY: CITY ATTORNEY Page 3 of 3 SECTION 00410 //�� SCHEDULE OF VALUES —BIDDER'S COMPANY NAME:U ia,( t-1 kSpha 1- Time to Substantial Completion: 60 calendar days upon issuance of the Notice to Proceed. Time to Final Completion: 30 calendar days. TOTAL CONTRACT TIME = 90 CALENDAR DAYS NE 27th AVE Pay Estimated Item Quantity Description Unit Unit Price Extended Price GENERAL 100 1 General Conditions and Mobilization LS 1 2,SDO. en2 , rW '' • '- 101 1 Provide Maintenance Of Traffic per LS 2 �� . 1 2� 00 . FDOT 600 Series Design Standards i 102 1 Provide Erosion Control Measures LS S 480c- " >I//ova. " PAVING Remove and Dispose of Existing Curb as 103 148 (Type D, Type E, Type F, Drop Curb LF 4 /V. 41 2,0 7 2 . etc.) 104 68 Remove And Dispose of Existing SY 22• `� /� yf r. w Concrete 105 2,467 Mill 1"Asphalt, Including Removal and SY s% 2 eS 4 -I, 0 3v,zi Disposal of Existing Pavement 106 2,467 1" Superpave SP-9.5 Asphaltic Concrete SY i 7 ,t ' /t Ca ro Pavement, Including Tack Coat i 107 131 Pavement Repairs; Includes Removal SY 177. '0 1 `71 `13"2-, -o and Disposal of Existing Pavement 108 14 Type "F" Curb & Gutter, Including 4" LF /f 6 r. a # 9/O Limerock Pad 109 47 Type "D° Curb LF /4' 30- 6' I/ /, 916. -4 110 35 4" Concrete Sidewalk(min. 3,000 psi) SYs &o en q 2-, X00 . " with Compacted Subgrade 111 2 Adjust Existing Storm and Sanitary EA 4 500• ' .0 /Quv. Sewer Manhole Rim 112 3 Adjust Existing Water/Force Main Valve EA 4 yob /TU°- - Box 113 2 Adjust Existing Utility Box EA 4{ 1'D w cri /, Bct- N.E. 27th Avenue&N.E. 28th Court Milling and Resurfacing City of Aventura Bid No. 17-02-27-2 CTA Project No. 01-0103-230 Addendum No. 1 00410-4 114 14 Structural Retaining Wall LF 4 .j 00 . di 7,000. '- 115 1 Accessible Ramp Type CR-C EA A' /,6 i 0- it /161V . 't 116 1 Accessible Ramp Type CR-D EA ef' t760. `e i ' /176o - d 117 4 Accessible Ramp Type CR-G EA S 4 760 -"° e' 7,o yo . `-`3 SIGNING AND MARKING 118 1,517 6" Solid Yellow (Thermoplastic) LF ,Q , 58 S /, 33V . fs. 119 1,165 6" Solid White (Thermoplastic) LF 1 ,86 1 /, OZf•. 2'" 120 480 12" Solid White (Thermoplastic) LF 6' 2. 2 . a /, ofl. . " 121 56 24" Solid White (Thermoplastic) LF 1 7. `.° .1 2 ZY. o-° 122 1 Arrow (Thermoplastic) EA I SS'. 01D S ,r.5-• `" 123 1,517 6" Solid Yellow (Paint) LF * , 26 d/ 'Jz/ , 76 124 1165 6" Solid White (Paint) LF 28 e 3-at 20 125 480 12" Solid White (Paint) LF 4 I. ° o 4' veo• eo 126 56 24" Solid White (Paint) LF 4 2. w I /12.. °° 127 1 Arrow (Paint) EA 4 /00 • " 1t ioO. `" 128 40 Reflective Pavement Marker (RPM) EA 3. 3° /32. `o Yellow/Yellow 129 4 Reflective Pavement Marker (RPM) Blue EA 3 3 0 /3. zo /Blue 130 5 Remove Existing Sign and Post EA 1 14. r° j/ 8- 131 5 Furnish and install new sign and new EA S-6 g o post. $ 35-2, 1,?d MISCELLANEOUS 132 1 Off-Duty Police Services AL $5,000.00 1 S rrvQ . `" TOTAL COST NE 27th AVENUE p, gin, ? 7 N.E. 27th Avenue&N.E.28th Court Milling and Resurfacing City of Aventura Bid No. 17-02-27-2 CTA Project No.01-0103-230 Addendum No. 1 00410-5 Pay Item Notes NE 27th Avenue This Bid Form is for the complete project depicted in the construction drawings and technical specifications. Contractor shall furnish and install all items, and provide work for all items described in Schedule of Values. Contractor shall obtain City of Aventura Public Works Permit. City shall pay any required permit fees. 102 Includes and is limited to all erosion control measures within the roadway limits (i.e., from curb to curb). 115- Includes concrete, sidewalk curb, curb and gutter and embedded detectable warning surface. 117 The Contractor understands and agrees to the following: As per a contract between the City of Aventura and the PBA, police officers get a three (3) hour minimum for off duty work regardless if the detail is less than the three hours. The Contractor, or their representative, is authorized by the City of Aventura to approve off duty slips submitted by officers that reflect the actual time worked by the officer(s) assigned to a detail for the date indicated on the slip. The Contractor, or their representative, is not authorized by the City of Aventura to 132 approve any off duty time that an officer is not actually on site and working a specific detail as covered by this contract, except for the three (3)hour minimum. The Contractor, or their representative, agrees and understands that any request for payment regarding any portion of this contract is for amounts of actual expenses incurred by the Contractor in conjunction with the Work or services performed or rendered. Any amount less than the allotted amount will be retained by the City of Aventura; any amount that is over the allotted amount must be pre-approved by the City of Aventura prior to being expended. The Contractor will be reimbursed for any amount over the allotted amount as approved by the City. N.E.27th Avenue&N.E.28th Court Milling and Resurfacing City of Aventura Bid No. 17-02-27-2 CTA Project No. 01-0103-230 Addendum No. 1 00410-6 NE 28th COURT Pay Estimated Item Quantity Description Unit Unit Price Extended Price GENERAL 100 1 General Conditions and Mobilization LS ( a, ,)-oO. le-2-i, ,1-00 . a" 101 1 Provide Maintenance Of Traffic per FDOT 600 Series Design Standards LS 4-0,coo• w 2,ng, . `" 102 1 Provide Erosion Control Measures LS * /, OJ p, w 4'/ 0001. "' PAVING 103 104 Remove and Dispose of Existing Curb %, �. (Type D, Type E, Type F, Drop Curb etc.) LF /y /, ySb 104 75 ConcRem�eteve And Dispose of Existing SY ZZ e 44.fD c 105 2 478 Mill 1" Asphalt, Including Removal and SY E( acs i!' Disposal of Existing Pavement 2 ST -�� 106 2 478 1" Superpave SP-9.5 Asphaltic Concrete Pavement, Including Tack Coat SY 7 /—° cif 7�� s'S Z f0 107 26 Type "F" Curb & Gutter, Including 4" LF drJ a m Limerock Pad 60 /� S'7 3. 108 78 Type "D" Curb LF S 2.p, 7b 4 2, sic feo 109 75 4" Concrete Sidewalk (min. 3,000 psi) SY with Compacted Subgrade Sy,ao ¢/ % y�f, 110 4 Replace Roadway Loop Detectors EA 4./ 0 yr. Co 4' y, /r0• CO 111 4 Adjust Existing Utility Box EA 41' 7(., " f( Z,d L a , w SIGNING AND MARKING 112 1,105 6" Solid Yellow (Thermoplastic) LF d/ j, '^ *' /i/or - . e 113 25 18" Solid Yellow (Thermoplastic) LF 4 / w W z r. --" 114 1,554 6" Solid White (Thermoplastic) LF 4'/, ' 4 /, 6S 4. °O 115 46 24" Solid White (Thermoplastic) LF 9/ ,'• ro ,6/ /6 t c" 116 81 6" Skip White 10'-30' (Thermoplastic) [Net LF / o o 9 ?Lc° length of Thermoplastic Markings] N.E.27th Avenue&N.E. 28`"Court Milling and Resurfacing City of Aventura Bid No. 17-02-27-2 CTA Project No.01-0103-230 Addendum No. I 00410- 7 117 3 Arrow (Thermoplastic) EA 4 sS.m 4' /'r. co 118 1,105 6" Solid Yellow (Paint) LF k , Z 8 1309. go 119 25 18" Solid Yellow (Paint) LF 4 I. —) it z j, w 120 1,554 6" Solid White (Paint) LF 4- _ z8 4' cIS : '2 121 46 24" Solid White (Paint) LF A I. /0 4 co a o 122 81 6" Skip White 10'-30' (Paint) [Net length of LF /_ e yF e!. Thermoplastic Paint] 123 3 Arrow (Paint) EA 4 /a0-s, 0 sac ' w 124 3 Yellow Reflective Paint SY E icxi ,a 4 300 - CO 125 42 Reflective Pavement Marker(RPM) White EA ca / Red Vet' /cd` 126 48 Reflective Pavement Marker(RPM) EA & y /92 00 Yellow/Yellow 127 2 Reflective Pavement Marker(RPM) Blue / EA /QO. it d zoo Blue 128 7 Remove Existing Sign and Post EA #ic-V- c° 4' -7 a0. '•' Furnish and install new sign and new m 4 129 6 EA gyo0 . ii/ 2, yoo. post. MISCELLANEOUS 130 1 Loop Detector Replacement Permit Fees AL $2,800 It z, too- e (Miami Dade County Traffic Signals) 131 1 Off-Duty Police Services AL $5,000.00 & ,r, OW- ,a TOTAL COST NE 28`h COURT d 4 ZCB`3? N.E. 27th Avenue&N.E.28th Court Milling and Resurfacing City of Aventura Bid No. 17-02-27-2 CTA Project No. 01-0103-230 Addendum No. 1 00410- 8 Pay Item Notes NE 28th Court This Bid Form is for the complete project depicted in the construction drawings and technical specifications. Contractor shall furnish and install all items, and provide work for all items described in Schedule of Values. Contractor shall obtain City of Aventura Public Works Permit. City shall pay any required permit fees. 102 Includes and is limited to all erosion control measures within the roadway limits (i.e., from curb to curb). 110, Includes securing the necessary permit approvals from the Miami-Dade County Traffic Signals Division; 130 Includes restoration of all components necessary to provide full operational system. Loops, lead-in cable, etc. The Contractor understands and agrees to the following: As per a contract between the City of Aventura and the PBA, police officers get a three (3) hour minimum for off duty work regardless if the detail is less than the three hours. The Contractor, or their representative, is authorized by the City of Aventura to approve off duty slips submitted by officers that reflect the actual time worked by the officer(s) assigned to a detail for the date indicated on the slip. The Contractor, or their representative, is not authorized by the City of Aventura to 131 approve any off duty time that an officer is not actually on site and working a specific detail as covered by this contract, except for the three (3)hour minimum. The Contractor, or their representative, agrees and understands that any request for payment regarding any portion of this contract is for amounts of actual expenses incurred by the Contractor in conjunction with the Work or services performed or rendered. Any amount less than the allotted amount will be retained by the City of Aventura; any amount that is over the allotted amount must be pre-approved by the City of Aventura prior to being expended. The Contractor will be reimbursed for any amount over the allotted amount as approved by the City. TOTAL COST NE 27th AVENUE &NE 28th COURT 9/€77 7 a f 7. /51 *BIDS SHALL BE AWARDED BY THE CITY TO THE LOWEST RESPONSIVE AND RESPONSIBLE BIDDER. IN ANALYZING BIDS, THE CITY MA YALSO TAKE'INTO CONSIDERAHON ALTERNATE AND UNIT PRICES. REFER TO SECTION 00710, GENERAL CONDITIONS, ARTICLE 2.1. N.E.27th Avenue&N.E.28th Court Milling and Resurfacing City of Aventura Bid No. 17-02-27-2 CTA Project No. 01-0103-230 Addendum No. 1 00410-9 MEMORANDUM CRAVEN THOMPSON AND ASSOCIATES,INC. Date: March 1, 2017 To: Antonio F. Tomei, Capital Projects Manager Office of the City Manager From: Peter W. Aquart, PE,Consulting Engineer Reference: N.E. 27th Avenue and NE 28th Court Milling and Resurfacing Bid Number 17-02-27-2 We have reviewed the results for the above referenced request for bids. The following contractors submitted a bid: • JVA Engineering Contractor, Inc. • Weekley Asphalt Paving, Inc. • Metro Express, Inc. • General Asphalt Company, Inc. • GC Works, Inc. • H &J Asphalt, Inc. Enclosed is a bid tabulation spreadsheet showing all of the individual unit prices and extended prices. The apparent low bidder is General Asphalt Company, Inc. We consider them to be a responsible bidder. It is our opinion that General Asphalt Company, Inc. is the lowest responsible bidder and recommend awarding the contract to them for the total amount of$149,057.14. If you have any questions or require any additional information, please call. Enclosures: Bid Tabulation tl 88 8 8 8 8 8 8 8 8 8 8 8 8 8 8 8 28888888838883 8 8 8 8 8 8 8 8 8 8 8 6 8 388823888888882888 83 C 4I/ aaa 444211ga11aI11@a !v ! ° Iimi !_ 1a1a1 ! 5 , Ig A ? sn_ ! a ; a ! x ! ! n ! tatigin ! tana !_ ! ! ! ® ! 1a2 ? 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E i l E 1 1 B '411-1111 ' i" E a g a g1 ' E 1 e E I 10 1 �� c " 1 1 g I-g €E , 1 li a3 ! c i s31E tIIi f ; ; ; I iJtiJ! I1tii! d! i �la � UI} ! E11 ! EnsI� ti " -ifa8 ' i1 ; 114 1 € € a , , � e 1 e1 � iit ¢ t e ea a x1iv x 7F�9 ai & t,st $�! .� �'a41 .R ? ? �a p € Ipp 1 }Ie ; ! amt ! ! ! 1JIP1 g 8b - - - VEVA » - : a .. „ .. - - - • _ a E s - _ 'a 8 ' .. .. - 8i _ - - a c : a 8 r 8 . - a $ .E 8 a „ e e 1 s e .. a e " _ - - - 1 888 8 8 8 8 6 8 8 . - ' ' ' " ! ! R5 9 8 3 3 8 8 3 3 8 A 8 1 CITY OF AVENTURA OFFICE OF THE CITY MANAGER MEMORANDU TO: City Commission FROM: Eric M. Soroka, ICMA-CM, C an.•er BY: Antonio F. Tomei, Capital • •jects M :nagera.M THRU: Joseph S. Kroll, Public Works a•d Tr-nsportation Director DATE: March 1, 2017 SUBJECT: Recommendation: Bid No: 17-02-27-3 — NE 30th Avenue and NE 209th Street Road Resurfacing Improvements March 7, 2017 City Commission Meeting Agenda Item 5 Recommendation It is recommended that the City Commission adopt the attached Resolution awarding Bid No. 17-02-27-3, NE 30` Avenue and NE 209`h Street Road Resurfacing Improvements to the lowest responsible and responsive bidder, Coramarca Corporation for the price of $182,873.45. This project will be funded by Budget Line Item Number 120-5001-541-6305. Background In accordance with the City's Purchasing Ordinance, bids for this project were solicited, advertised, and opened on February 27, 2017. The City received seven (7) bids for this project. The following are the three (3) lowest responsive bids submitted: Coramarca Corporation $182,873.45 General Asphalt Company, Inc. $186,814.57 Metro-Express $213,436.50 The Project is generally described as the removal and replacement of existing asphalt and the addition of pavement markings and signage. The project will also address curb and gutter repair and handicap ramp replacement. If you have any questions or need any additional information, please feel free to contact me. RESOLUTION NO. 2017- A RESOLUTION OF THE CITY COMMISSION OF THE CITY OF AVENTURA, FLORIDA AWARDING AND LETTING A BID/CONTRACT FOR BID NO. 17-02-27-3, NE 30TH AVENUE AND NE 209TH STREET ROAD RESURFACING IMPROVEMENTS TO CORAMARCA CORPORATION AT THE BID PRICE OF $182,873.45; AUTHORIZING THE CITY MANAGER TO EXECUTE ASSOCIATED CONTRACTS; AUTHORIZING THE CITY MANAGER TO TAKE NECESSARY AND EXPEDIENT ACTION TO CARRY OUT THE AIMS OF THIS RESOLUTION; PROVIDING FOR THE APPROPRIATION AND ALLOCATION OF FUNDS FOR SAID BID AWARD; AND PROVIDING FOR AN EFFECTIVE DATE. WHEREAS, the City Manager has, pursuant to the various laws of the State of Florida and the Code of the City of Aventura, properly solicited and accordingly accepted bids for BID NO. 17-02-27-3, NE 30th Avenue and NE 209th Street Road Resurfacing Improvements; and WHEREAS, sealed bids have been submitted to and received by the City pursuant to the City's Invitation to Bid/Notice to Bidders, specifications, proposals, and requirements for the project/work as cited above; and WHEREAS, staff has determined that Coramarca Corporation submitted the lowest responsible and responsive bid for said project/work; and WHEREAS, the City Commission, upon the recommendation of the City Manager, is therefore desirous of awarding said bid/contract to said lowest responsible and responsive bidder; NOW THEREFORE, BE IT RESOLVED BY THE CITY COMMISSION OF THE CITY OF AVENTURA, FLORIDA: Section 1: That bid/contract for BID NO. 17-02-27-3, NE 30th Avenue and NE 209th Street Road Resurfacing Improvements is hereby awarded to Coramarca Corporation in the amount of $182,873.45. City of Aventura Resolution No. 2017- Section 2: That the City Manager is hereby authorized to execute, on behalf of the City, a contract by and between the parties embodying the terms, conditions, and specifications as set forth in the subject Invitation to Bid/Notice to Bidders, bid specifications, bid proposal and bid requirements, or if a City prepared contract was part of said bid proposal, said parties shall execute said prepared contract on behalf of the City. Section 3: That the City Manager is hereby authorized and requested to take all necessary and expedient action to carry out the aims of this Resolution in awarding this bid/contract. Section 4: That the funds to be allocated and appropriated pursuant hereto and for the purpose of carrying out the tenets of this Resolution shall be from Budget Line Item Number 120-5001-541-6305. Section 5: This Resolution shall be effective immediately upon its adoption. The foregoing resolution was offered by Commissioner , who moved its adoption. The motion was seconded by Commissioner , and upon being put to a vote, the vote was as follows: Commissioner Denise Landman Commissioner Dr. Linda Marks Commissioner Gladys Mezrahi Commissioner Robert Shelley Commissioner Howard Weinberg Vice Mayor Marc Narotsky Mayor Enid Weisman Page 2 of 3 City of Aventura Resolution No. 2017- PASSED AND ADOPTED this 7th day of March, 2017. ENID WEISMAN, MAYOR ATTEST: ELLISA L. HORVATH, MMC CITY CLERK APPROVED AS TO LEGAL SUFFICIENCY: CITY ATTORNEY Page 3 of 3 SECTION 00410 SCHEDULE OF VALUES—BIDDER'S COMPANY NAME: CORAMARCA CORP Time to Substantial Completion:60 calendar days upon issuance of the Notice to Proceed. Time to Final Completion:30 calendar days. TOTAL CONTRACT TIME=90 CALENDAR DAYS NE 30th AVE Pay Estimated Description Unit Unit Price Extended price Item Quantity GENERAL 100 1 General Conditions and Mobilization LS $ 4,000.00 $ 4,000.00 101 1 Provide Maintenance Of Traffic per FDOT LS $ 2,000.00 $ 2,000.00 600 Series Design Standards 102 1 Provide Erosion Control Measures LS $ 300.00 $ 300.00 PAVING 103 200 Remove and Dispose of Existing Curb LF $ 7.00 $ 1,400.00 (Type 0,Type E,Type F,Drop Curb etc.) 104 91 Remove And Dispose of Existing Concrete SY $ 10.00 $ 910.00 105 3,523 Mill 1"Asphalt, Including Removal and SY $ 5.25 $ 18,495.75 Disposal of Existing Pavement 106 3,523 1"Superpave SP-9.5 Asphaltic Concrete SY $ 8.20 $ 28,888.60 Pavement,Including Tack Coat 107 38 Type"F'Curb&Gutter,Including 4" LF $ 28.00 $ 1,064.00 Limerock Pad 108 75 Type"D"Curb LF $ 28.00 $ 2,100.00 109 80 Drop Curb,Including 4"Limerock Pad LF $ 28.00 $ 2,240.00 110 86 4"Concrete Sidewalk(min.3,000 psi)with SY $ 70.00 $ 6,020.00 Compacted Subgrade 111 5 6"Concrete Sidewalk(min.3,000 psi)with SY $ 90.00 $ 450.00 Compacted Subgrade SIGNING AND MARKING 112 1,150 6"Solid Yellow(Thermoplastic) LF $ 1.25 $ 1,437.50 N.E.301h Avenue&N.E.209th Street Milling and Resurfancing City of Aventura Bid No.17-02-27-3 CTA Project No.01-103-231 Addendum No.1 0410-4 113 40 18"Solid Yellow(Thermoplastic) LF $ 2.65 $ 106.00 114 2,372 6"Solid White(Thermoplastic) IS $ 1.05 $ 2,490.60 115 161 18"Solid White(Thermoplastic) LF $ 2.65 $ 426.65 116 44 6"Skip White 21-4'(Thermoplastic)[Net LF $ 1.30 $ 5720 length of Thermoplastic Markings] 117 6 Arrow(Thermoplastic) EA $ 95.00 $ 570.00 118 1,150 6"Solid Yellow(Paint) LF $ 0.50 $ 575.00 119 40 18"Solid Yellow(Paint) LF $ 2.15 $ 86.00 120 2,372 6"Solid White(Paint) LF $ 0.50 $ 1,186.00 121 161 18"Solid White(Paint) LF $ 2.15 $ 346.15 122 6"Skip White 2'-4'(Paint)[Net length.of LF $ 1.30 $ 57.20 Thermoplastic Paint] 123 6 Arrow(Paint) EA $ 45.00 $ 270.00 124 37 Reflective Pavement Marker(RPM) EA $ 4.70 $ 173.90 White/Red 125 76 Reflective Pavement Marker(RPM) EA $ 4.70 $ 357.20 Yellow/Yellow 126 2 Reflective Pavement Marker(RPM) EA $ 6.00 $ 12.00 Blue/Blue 127 14 Remove Existing Sign and Post EA $ 45.00 $ 630.00 128 14 Furnish and install new sign and new post. EA $ 380.00 $ 5,320.00 MISCELLANEOUS $ - 129 1 Off-Duty Police Services AL $ 5,000.00 $ 5,000.00 TOTAL COST NE 30th AVENUE $ 86,969.75 N.E.30th Avenue&N.E.209th Sheet Milling and Resurfancing City of Aventura Bid No.17-02-27-3 CTA Project No.01-103-231 Addendum No.1 0410-5 Pay Item Notes NE 30th Avenue This Bid Form is for the complete project depicted in the construction drawings and technical specifications. Contractor shall furnish and install all items,and provide work for all items described in Schedule of Values. Contractor shall obtain City of Aventura Public Works Permit.City shall pay any required permit fees. 102 Includes and is limited to all erosion control measures within the roadway limits(i.e.,from curb to curb). The Contractor understands and agrees to the following:As per a contract between the City of Aventura and the PBA, police officers get a three (3)hour minimum for off duty work regardless if the detail is less than the three hours. The Contractor,or their representative, is authorized by the City of Aventura to approve off duty slips submitted by officers that reflect the actual time worked by the officer(s)assigned to a detail for the date indicated on the slip.The Contractor,or their representative,is not authorized by the City of Aventura to approve any off duty time that an officer is 129 not actually on site and working a specific detail as covered by this contract, except for the three (3) hour minimum.The Contractor,or their representative,agrees and understands that any request for payment regarding any portion of this contract is for amounts of actual expenses incurred by the Contractor in conjunction with the Work or services performed or rendered. Any amount less than the allotted amount will be retained by the City of Aventura;any amount that is over the allotted amount must be pre-approved by the City of Aventura prior to being expended.The Contractor will be reimbursed for any amount over the allotted amount as approved by the City. • N.E.30th Avenue&N.E.209th Street Milling end Resurfancing City of Aventura Bid No.17-02-27-3 CTA Project No.01-103-231 Addendum No.1 0410-6 NE 209th ST Pay Estimated Description Unit Unit Price Extended price Item Quantity GENERAL 100 1 General Conditions and Mobilization LS $ 3,000.00 $ 3,000.00 101 1 Provide Maintenance Of Traffic per FDOT 600 LS $ 2,000.00 $ 2,000.00 Series Design Standards 102 1 Provide Erosion Control Measures LS $ 300.00 $ 300.00 PAVING 103 277 Clearing and Grubbing SY $ 12.00 $ 3,324.00 104 139 Remove and Dispose of Existing Curt LF $ 9.00 $ 1,251.00 (Type D,Type E,Type F, Drop Curb etc.) 105 110 Remove And Dispose of Existing Concrete SY $ 10.00 $ 1,100.00 Remove Existing Pavement Section 106 20 (Includes Asphalt,Limerock Base and SY $ 30.00 $ 600.00 Subgrade as Necessary) 107 1 Remove Existing Drainage Structure EA $ 500.00 $ 500.00 108 2732 Mill 1°Asphalt,Including Removal and SY $ 5.25 $ 14,343.00 Disposal of Existing Pavement 109 2732 1"Superpave SP-9.5 Asphaltic Concrete Pavement, Including Tack Coat SY $ 8.25 $ 22,539.00 110 195 Type"F"Curb&Gutter, Including 4" LF $ 28.00 $ 5,460.00 Limerock Pad 111 55 Drop Curb, Including 4"Limerock Pad LF $ 28.00 $ 1,540.00 112 250 4"Concrete Sidewalk(min.3,000 psi)with SY $ 60.00 $ 15,000.00 Compacted Subgrade 113 1 Accessible Ramp Type CR-A EA $ 850.00 $ 850.00 114 3 Accessible Ramp Type CR-G EA $ 850.00 $ 2,550.00 115 7 Detectable Walking Surface SY $ . 120.00 $ 840.00 116 2 Replace Roadway Loop Detectors EA $ 500.00 $ 1,000.00 117 1 Install 48"X72"Storm Structure EA $ 3,850.00 $ 3,850.00 N.E.30th Avenue&N.E.209th Street Milling and Resurfancing City of Aventura Bid No.17-02-27-3 CIA Project No.01-103-231 Addendum No.1 0410-7 118 2 Connect Existing Storm Sewer Pipes to EA $ 850.00 $ 1,700.00 Proposed Structure 119 103 Swale Grading and Sod SY $ 12.00 $ 1,236.00 SIGNING AND MARKING $ - 120 794 6"Solid Yellow(Thermoplastic) LF $ 1.30 $ 1,032.20 121 757 6"Solid White(Thermoplastic) LF $ 1.30 $ 984.10 122 580 12"Solid White(Thermoplastic) LF $ 2.25 $ 1,305.00 123 42 24"Solid White(Thermoplastic) LF $ 4.50 $ 189.00 124 24 6"Skip White 6-10'(Thermoplastic)[Net length of Thermoplastic Markings] LF $ 1.30 $ 31.20 125 6 Arrow(Thermoplastic) EA $ 90.00 $ 540.00 126 794 6"Solid Yellow(Paint) LF $ 0.50 $ 397.00 127 757 6"Solid White(Paint) LF $ 0.50 $ 378.50 128 580 12"Solid White(Paint) LF $ 1.25 $ 725.00 129 42 24"Solid White(Paint) LF $ 1.75 $ 73.50 130 24 6"Skip White 6'-10'(Paint)[Net length of LF $ 1.30 $ 31.20 Thermoplastic Paint] 131 6 Arrow(Paint) EA $ 45.00 $ 270.00 132 10 Reflective Pavement Marker(RPM)White/ EA $ 4.50 $ 45.00 Red 133 22 Reflective Pavement Marker(RPM)Yellow EA $ 4.50 $ 99.00 /Yellow 134 1 Remove Existing Sign and Post EA $ 40.00 $ 40.00 135 1 Furnish and install new sign and new post. EA $ 380.00 $ 380.00 MISCELLANEOUS $ - 136 1 Loop Detector Replacement Permit Fees AL (Miami Dade County Traffic Signals) $ 1,400.00 $ 1,400.00 137 1 Off-Duty Police Services AL $ 5,000.00 $ 5,000.00 TOTAL COST NE 209th STREET $ 95,903.70 N.E.30th Avenue&N.E.209th Street Mining and Resurfandng City of Aventura Bid No.17-02-27-3 CTA Project No.01-103-231 Addendum No.1 0410-8 Pay Item Notes NE 209th Street This Bid Form is for the complete project depicted in the construction drawings and technical specifications. Contractor shall furnish and install all items,and provide work for all items described in Schedule of Values. Contractor shall obtain City of Aventura Public Works Permit.City shall pay any required permit fees. 102 Includes and is limited to all erosion control measures within the roadway limits(i.e.,from curb to curb). 113 Includes concrete,sidewalk curb,curb and gutter and embedded detectable warning surface. 114 116 - Includes securing the necessary permit approvals from the Miami-Dade County Traffic Signals Division; Includes 136 restoration of all components necessary to provide full operational system.Loops,lead-in cable,etc. The Contractor understands and agrees to the following:As per a contract between the Cityof Aventura and the PBA, police officers get a three (3)hour minimum for off duty work regardless if the detail is less than the three hours.The Contractor, or their representative,is authorized by the City of Aventura to approve off duty slips submitted by officers that reflectthe actual time worked by the officer(s)assigned to a detail forthe date indicated on the slip.The Contractor, or their representative, is not authorized by the City of Aventura to approve any off duty time that an officer is not 137 actually on site and working a specific detail as covered by this contract, except for the three (3) hour minimum.The • Contractor, or their representative,agrees and understands that any request for payment regarding any portion of this contract is for amounts of actual expenses incurred by the Contractor in conjunction with the Work or services performed or rendered. My amount less than the allotted amount will be retained by the City of Aventura;any amount that is over the allotted amount must be pre-approved by the City of Aventura prior to being expended. The Contractor will be reimbursed for any amount over the allotted amount as approved by the City. TOTAL COST NE 30th AVENUE&NE 209th STREET $ 182,873.45 *BIDS SHALL BE AWARDED BY THE CITY TO THE LOWEST RESPONSIVE AND RESPONSIBLE BIDDER.IN ANALYZING BIDS, THE CITY MAY ALSO TAKE INTO CONSIDERATION ALTERNATE AND UNIT PRICES.REFER TO SECTION 00710, GENERAL CONDITIONS,ARTICLE 2.1. N.E.30th Avenue&N.E.209th Street Milling and Resurfancing City of Aventura Bid No.17-02-273 CTA Project No.01-103-231 Addendum No.1 • 0410-9 MEMORANDUM CRAVEN THOMPSON AND ASSOCIATES,INC. Date: March 1, 2017 To: Antonio F. Tomei, Capital Projects Manager Office of the City Manager From: Peter W. Aquart, PE,Consulting Engineer Reference: N.E. 301h Avenue and NE 209th Street Milling and Resurfacing Bid Number 17-02-27-3 We have reviewed the results for the above referenced request for bids. The following contractors submitted a bid: • Coramarca Corp • JVA Engineering Contractor, Inc. • Weekley Asphalt Paving, Inc. • Metro Express, Inc. • General Asphalt Company, Inc. • GC Works, Inc. • H& J Asphalt, Inc. Enclosed is a bid tabulation spreadsheet showing all of the individual unit prices and extended prices. The apparent low bidder is Coramarca Corp. We consider them to be a responsible bidder. It is our opinion that Coramarca Corp. is the lowest responsible bidder and recommend awarding the contract to them for the total amount of$182,873.45. If you have any questions or require any additional information,please call. Enclosures: Bid Tabulation .. T.= .. I. ...---.....I I . 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Soroka, ICMA-CM, City Manager BY: Brian K. Raducci, Finance Director DATE: March 3, 2017 SUBJECT: Comprehensive Annual Financial Report (CAFR) Fiscal Year Ended September 30, 2016 March 7, 2017 City Commission Meeting Agenda Item 5-e Recommendation It is recommended that the City Commission approve the following motion: "Motion to accept for filing of the Comprehensive Annual Financial Report (CAFR) for the fiscal year ended September 30, 2016 and the letter dated February 28, 2017 attached hereto as Attachment A." Background The CAFR, a letter from our independent auditors — Alberni Caballero & Fierman, LLP and a staff-prepared memorandum (dated February 28, 2017 and March 3, 2017, respectively), were distributed electronically to the City Commission on March 3, 2017. The Rules of the Auditor General, Chapter 10.550, require that the CAFR be filed as an official record at a public meeting. This motion satisfies that requirement. In addition, the auditors have requested that their letter dated February 28, 2017, identified as "Attachment A" on the staff-prepared memorandum, be accepted for filing with the City Commission. A representative from the auditing firm will be present at the March 7th City Commission meeting. However, since the CAFR is the City's responsibility, I respectfully request that any questions be discussed with the City Manager prior to the meeting. BKR/bkr ATTACHMENT A A LETTER FROM OUR INDEPENDENT AUDITORS- ALBERNI CABALLERO& FIERMAN,LLP DATED FEBRUARY 28,2017 A CAlberni D Caballero eui LLP 4649 Ponce De Leon Blvd. Suite 404 Coral Gables, FL, 33146 T: 305.662.7272 F: 305.662.4266 ALBERNI CABALLERO&FIERMAN,LLP ACF-CPA.COM ACCOUNTANTS• ADVISORS 111111111 11 11111111111111111111111111 II III 11 llllllllllllllllllllllllIII111111111 February 28, 2017 Honorable Mayor, Members of the City Commission and Management City of Aventura, Florida We have audited the financial statements of the governmental activities, the business-type activities, each major fund, and the aggregate remaining fund information of the City of Aventura, Florida (the "City"), for the fiscal year ended September 30, 2016. Professional standards require that we provide you with information about our responsibilities under generally accepted auditing standards, as well as certain information related to the planned scope and timing of our audit. We have communicated such information in our letter to you dated March 11, 2015. Professional standards also require that we communicate to you the following information related to our audit. Significant Audit Findings Qualitative Aspects of Accounting Practices Management is responsible for the selection and use of appropriate accounting policies. The significant accounting policies used by the City are described in Note 1 to the financial statements. No new accounting policies were adopted and the application of existing policies was not changed during 2016. However, the City did implement a new significant Governmental Accounting Standards Board (GASB) Statement No. 72, Fair Value Measurement and Application. We noted no transactions entered into by the City during the fiscal year for which there is a lack of authoritative guidance or consensus. All significant transactions have been recognized in the financial statements in the proper period. Accounting estimates are an integral part of the financial statements prepared by management and are based on management's knowledge and experience about past and current events and assumptions about future events. Certain accounting estimates are particularly sensitive because of their significance to the financial statements and because of the possibility that future events affecting them may differ significantly from those expected. The most sensitive estimate affecting the financial statements was: Management's estimate of collectability of accounts receivable and postretirement obligations. Certain financial statement disclosures are particularly sensitive because of their significance to financial statement users. The most sensitive disclosures affecting the financial statements was: The disclosure of the deposits and investments in Note 3 to the financial statements. The disclosure of fair value measurements in Note 4 to the financial statements. The disclosure of commitments and contingencies in Note 9 to the financial statements. The disclosure of risk management in Note 10 to the financial statements. The financial statement disclosures are neutral, consistent, and clear. Difficulties Encountered in Performing the Audit We encountered no difficulties in dealing with management in performing and completing our audit. 1 Disagreements with Management For purposes of this letter, a disagreement with management is a financial accounting, reporting, or auditing matter, whether or not resolved to our satisfaction, that could be significant to the financial statements or the auditors' report. We are pleased to report that no such disagreements arose during the course of our audit. Corrected and Uncorrected Misstatements Professional standards require us to accumulate all known and likely misstatements identified during the audit, other than those that are trivial, and communicate them to the appropriate level of management. Management has corrected all such misstatements. There were no uncorrected misstatements. Management Representations We have requested certain representations from management that are included in the management representation letter dated February 28, 2017. Management Consultations with Other Independent Accountants In some cases, management may decide to consult with other accountants about auditing and accounting matters, similar to obtaining a "second opinion" on certain situations. If a consultation involves application of an accounting principle to the governmental unit's financial statements or a determination of the type of auditor's opinion that may be expressed on those statements, our professional standards require the consulting accountant to check with us to determine that the consultant has all the relevant facts. To our knowledge, there were no such consultations with other accountants. Other Audit Findings or Issues We generally discuss a variety of matters, including the application of accounting principles and auditing standards, with management each year prior to retention as the governmental unit's auditors. However, these discussions occurred in the normal course of our professional relationship and our responses were not a condition to our retention. Other Matters We applied certain limited procedures to Management's Discussion and Analysis, the Budgetary Comparison Schedules,the Schedule of Changes in Net Pension Liability and Related Ratios,the Schedule of Contributions and the Schedule of Funding Progress (OPEB), which are required supplementary information (RSI) that supplements the basic financial statements. Our procedures consisted of inquiries of management regarding the methods of preparing the information and comparing the information for consistency with management's responses to our inquiries, the basic financial statements, and other knowledge we obtained during our audit of the basic financial statements. We did not audit the RSI and do not express an opinion or provide any assurance on the RSI. We were engaged to report on the Combining Non Major Fund Financial Statements, which accompany the financial statements but are not RSI. With respect to this supplementary information, we made certain inquiries of management and evaluated the form, content, and methods of preparing the information to determine that the information complies with accounting principles generally accepted in the United States of America, the method of preparing it has not changed from the prior period, and the information is appropriate and complete in relation to our audit of the financial statements. We compared and reconciled the supplementary information to the underlying accounting records used to prepare the financial statements or to the financial statements themselves. 2 In addition,with respect to the information included in the introductory and statistical sections accompanying the financial statements, we read this information and noted no material inconsistencies with the audited financial statements. This information is intended solely for the use of the City Commission and management of the City of Aventura, Florida, and is not intended to be, and should not be, used by anyone other than these specified parties. Very truly yours, 711,4nrie Cialaffewo & fiernraa, 1/P Alberni Caballero & Fierman, LLP 3 THE CITY OF AVENTURA, FLORIDA 0 Comprehensive Annual Financial Report For The Fiscal Year Ended September 30, 2016 &,� 4 go"' 9 COMPREHENSIVE ANNUAL FINANCIAL REPORT OF THE CITY OF AVENTURA, FLORIDA FOR THE FISCAL YEAR ENDED SEPTEMBER 30, 2016 Prepared By The Finance Department Brian K. Raducci, Finance Director Brent Rogers, Controller Now 01 Prepared By The Finance Department Brian K. Raducci, Finance Director Brent Rogers, Controller CITY OF AVENTURA, FLORIDA COMPREHENSIVE ANNUAL FINANCIAL REPORT TABLE OF CONTENTS SEPTEMBER 30, 2016 PAGES INTRODUCTORY SECTION (UNAUDITED) Letter of Transmittal i -vii List of Principal Officials viii Organizational Chart ix GFOA Certificate of Achievement x II. FINANCIAL SECTION Independent Auditors' Report 1-3 Management's Discussion and Analysis (Unaudited) 4-13 Basic Financial Statements: 56 Government -Wide Financial Statements: 57 Statement of Net Position 14 Statement of Activities 15 Fund Financial Statements: 61 Balance Sheet — Governmental Funds 16 Reconciliation of the Balance Sheet of Governmental Funds to the Statement of Net Position 17 Statement of Revenues, Expenditures and Changes in Fund Balances — Governmental Funds 18 Reconciliation of the Statement of Revenues, Expenditures and Changes in Fund Balances of Governmental Funds to the Statement of Activities 19 Statement of Net Position — Proprietary Fund 20 Statement of Revenues, Expenses and Changes in Net Position — Proprietary Fund 21 Statement of Cash Flows — Proprietary Fund 22 Statement of Net Position — Fiduciary Fund Police Officers' Retirement Plan 23 Statement of Changes in Net Position — Fiduciary Fund Police Officers' Retirement Plan 24 Notes to Basic Financial Statements 25-55 REQUIRED SUPPLEMENTARY INFORMATION: Budgetary Comparison Schedules: General Fund 56 Street Maintenance Fund 57 Schedule of Changes in Net Pension Liability and Related Ratios 58 Schedule of Contributions 59-60 Schedule of Funding Progress — Other Post -Employment Benefits 61 Notes to Required Supplementary Information 62 OTHER FINANCIAL INFORMATION: Combining Fund Financial Statements Combining Balance Sheet — Nonmajor Governmental Funds 63 Combining Statement of Revenues, Expenditures and Changes in Fund Balances — Nonmajor Governmental Funds 64 Budgetary Comparison Schedules: Schedules of Revenues, Expenditures and Changes in Fund Balance — Budget and Actual - Special Revenue Funds 65-66 Schedules of Revenues, Expenditures and Changes in Fund Balance — Budget and Actual - Capital Projects Fund 67 Schedules of Revenues, Expenditures and Changes in Fund Balance — Budget and Actual - Debt Service Funds 68-71 CITY OF AVENTURA, FLORIDA COMPREHENSIVE ANNUAL FINANCIAL REPORT TABLE OF CONTENTS SEPTEMBER 30, 2016 (CONTINUED) IV. COMPLIANCE SECTION Independent Auditors' Report on Internal Control over Financial Reporting and on Compliance and Other Matters Based on an Audit of Financial Statements Performed in Accordance with Government Auditing Standards 93-94 Management Letter in Accordance with the Rules of the Auditor General of the State of Florida 95-96 Independent Accountants' Report on Compliance Pursuant to Section 218.415 Florida Statutes 97 PAGES III. STATISTICAL SECTION (UNAUDITED) Net Position by Component 72 Changes in Net Position 73-74 Governmental Activities Tax Revenues by Source 75 Fund Balances of Governmental Funds 76 Changes in Fund Balances of Governmental Funds 77 General Governmental Revenues by Source 78 Assessed Value and Estimated Actual Assessed Value of Taxable Property 79 Property Tax Rates — Direct and Overlapping Governments 80-81 Principal Property Taxpayers 82 Property Tax Levies and Collections 83 Ratios of Outstanding Debt by Type 84 Ratios of General Bonded Debt Outstanding 85 Direct and Overlapping Governmental Activity Debt 86 Legal Debt Margin Information 87 Demographic and Economic Statistics 88 Occupational Employment by Group — Miami -Dade County, Florida 89 Full -Time Equivalent City Government Employees by Function 90 Operating Indicators by Function 91 Capital Asset Statistics by Function 92 IV. COMPLIANCE SECTION Independent Auditors' Report on Internal Control over Financial Reporting and on Compliance and Other Matters Based on an Audit of Financial Statements Performed in Accordance with Government Auditing Standards 93-94 Management Letter in Accordance with the Rules of the Auditor General of the State of Florida 95-96 Independent Accountants' Report on Compliance Pursuant to Section 218.415 Florida Statutes 97 INTRODUCTORY SECTION _ City ®f Aventura Government Center 19200 West Country Club Drive Aventura, Florida 33180 February 28, 2017 To the Honorable Mayor, Members of the City Commission and Citizens of the City of Aventura, Florida ENID WEISMAN MAYOR COMMISSIONERS DENISE LANDMAN DR. LINDA MARKS GLADYS MEZRAHI MARC NAROTSKY ROBERT SHELLEY HOWARD WEINBERG ERIC M. SOROKA, ICMA-CM CITY MANAGER In accordance with Section 11.45(3)(a) (4), Florida Statutes, and Article I, Section 4.11 of the City of Aventura (the "City") Charter, we hereby submit the City's Comprehensive Annual Financial Report (the "CAFR") for the fiscal year ended September 30, 2016. The CAFR includes an Introductory, Financial, Statistical and Compliance section. The financial statements included in the CAFR conform to accounting principles generally accepted in the United States ("GAAP") as set forth by the Governmental Accounting Standards Board ("GASB"). Management assumes full responsibility for the completeness and reliability of the information contained in this report, based upon a comprehensive framework of internal control that it has established for this purpose. Because the cost of internal control should not exceed anticipated benefits, the objective is to provide reasonable, rather than absolute, assurance that the financial statements are free of any material misstatements. We believe this data fairly reflects the financial position of the City and the results of its operation. The Certified Public Accounting firm of Alberni Caballero & Fierman, LLP has issued an unmodified ("clean") opinion on the City's financial statements for the fiscal year ended September 30, 2016. The independent's auditor report is located at the front of the Financial Section of this report. Management's Discussion and Analysis ("MD&A") immediately follows the independent auditor's report and provides a narrative introduction, overview and analysis of the basic financial statements. MD&A complements this letter of transmittal and should be read in conjunction with it. PROFILE OF THE GOVERNMENT The City was incorporated on November 7, 1995 and is a political subdivision of the State of Florida. It is located on the Intracoastal Waterway in northeast Miami -Dade County (the "County") between Miami and Fort Lauderdale. The City is 3.2 square miles and serves a population of more than 37,000 residents and 2,700 businesses. Pursuant to its Charter, the City operates under a commission -manager form of government. Under this form of government the City Commission (the "Commission") and the City Manager are the legislative and executive branches of the government, respectively. The Commission enacts PHONE: 305-466-8900 ■ FAX: 305-466-8939 www.cityofaventura.com Ordinances, the laws of the City, adopts Resolutions authorizing actions on behalf of the City, reviews plans for development and establishes the policies by which the City is governed. The City Manager is the City's Chief Executive Officer who oversees the day-to-day operations, administers the City's service providers, prepares long range plans and implements the policies established by the Commission. The Commission is comprised of seven (7) members, including the Mayor and six (6) Commissioners. The Mayor is the ceremonial leader of the City and is considered to be "part-time." The Mayor is elected at large to a four-year term and may reside in any area of the City. City Commissioners each have the same authority and ability to bring matters to and to discuss and vote on matters before the Commission. A Commissioner is considered to be "part-time" and is elected to serve a four-year term. For election purposes, the William Lehman Causeway divides the City into two areas. The City Charter requires that two (2) Commissioners reside in the northern area and two (2) Commissioners reside in the southern area and two (2) Commissioners and the Mayor shall be elected without regard to residence in any particular area. Mission Statement Our mission is to join with our community to make Aventura a city of the highest quality and a city of excellence. We do this by providing RESPONSIVE, COST EFFECTIVE AND INNOVATIVE local government services. The City employs 166 full-time positions and provides high-quality public services including General Government, Public Safety and Community Services to its residents and business community. In FY 2015/16, the City Commission adopted the following priorities 1. Explore alternatives to address high school capacity issues. 2. Continue to explore alternate transportation modes to alleviate traffic and support pedestrian and bicycle friendly initiatives. Collaborate with NE Miami -Dade cities to review traffic issues. 3. Monitor and participate in regional efforts to address the impact of rising sea levels. 4. Create opportunities for greater community engagement. 5. Ensure that redevelopment projects that require land use/zoning revisions do not have a negative impact on the community. Aventura City of Excellence School The City owns and operates the Aventura City of Excellence School (the "School"). The School is a K-8 Municipal Charter School that is part of the City's government and is not a separate legal entity or otherwise organized apart from the City. The School operates under a charter granted by the sponsor — the Miami -Dade County Public School District. The School has been well received and has been at full capacity since its inception and has obtained academic success by receiving an "A" grade from the State of Florida for the past thirteen (13) years. The School will serve 1,020 students in the 2016/17 school year. Since its opening on August 25, 2003, the Aventura Charter Elementary School has achieved several milestones in the City's short history including: Being the first School within the City's boundaries and the first municipal sponsored charter school in the County. In 2005, the School amended the charter to include grades six through eight. In 2012, the School amended the charter to increase its capacity from 972 to 1,020 students over the next five (5) years commencing with the 2012/13 school year. Explore Alternate Transportation Modes Additional funding had been set aside to increase the Aventura Express shuttle bus starting and ending times and to add a new route to provide service during peak times of the year. The Aventura Express serves the Aventura community within its boundaries to major points of interest like the Aventura Mall transit terminal, Aventura Community Recreation Center, the Aventura Arts & Cultural Center and the Northeast Branch of the Miami -Dade Library to name a few. The goal is to increase ridership and reduce vehicle traffic. The City received a grant to prepare a master plan to identify and promote the City's pedestrian and bicycle routes. The budget also includes operating costs for the new City-wide bike share program called Aventura B -Cycle that offers a way to expand the City's transportation options and alleviate traffic. The Florida Department of Transportation completed a project requested by the City to provide for bike paths along the Lehman Causeway that connect our internal system to Collins Avenue and Biscayne Boulevard. Both Country Club Drive and NE 207`h Street were for dual use for both bikes and cars. FDOT also added bike lanes to Biscayne Boulevard north of the Aventura Mall. Address the Impact of Risinq Sea Levels The City Commission approved a contract for the preparation of the Comprehensive Stormwater Management Plan. This project is an update to the Stormwater Master Plan and studies the long- term impact of the rising sea levels on the City's infrastructure. It will also recommend solutions and capital projects to address improvements to our drainage system. In addition, Code Amendment was adopted to establish drainage maintenance standards for commercial properties to address standing water issues after rainstorms. The City Commission and staff continue to patriciate in regional efforts to address this important priority. Community Engagement In recent years, the City has adopted several initiatives aimed at reinforcing a strong sense of community and at the same time to address the changing demographics to a younger family oriented community. This effort included building its first Charter School in 2003 and by offering many recreational facilities and activities that include a state-of-the-art Community Recreation Center and the Aventura Arts & Cultural Center. In addition, the City provides an amenity rich park system that includes Founders Park and Waterways Park. This past year the City celebrated the opening of its newest facility called Peace Park, which provides amenities for all age groups including a state-of- the-art playground and adult exercise area. Additional special events for the enjoyment of our residents and families were included in the budget. Movie nights in the park were increased and the first annual Arts and Jazz Festival was held in 2016. Public Safety On March 25, 2000, the Aventura Police Department ("APD") became the youngest agency to ever receive accreditation status through the Commission on Accreditation for Law Enforcement Agencies, Inc. ("CALEA"). The accreditation means the APD has been recognized by an independent organization composed of representatives of the International Association of Chiefs of Police, the National Sheriffs Association, the National Organization of Black Law Enforcement Executives and the Police Executive Research Forum and has complied with over 400 standards that have been established as benchmarks of excellence. The APD has met or exceeded international accreditation standards set by CALEA. Accreditation is a coveted award that symbolizes professionalism, excellence and competence. Since our initial accreditation the APD has been reaccredited five (5) times reaching Flagship status and the coveted Gold Standard. The accreditation process increases the APD's ability to prevent and control crime through more effective and efficient delivery of law enforcement services to the community. The process enhances community understanding of the APD and its role in the community, its goals and objectives. The APD is also a leader in the field of technology. The agency has updated our E911 system in Communications as well as our CAD and RMS systems for reports and computer dispatch of calls for service. In addition, the APD has installed in car video in over 50% of the uniform vehicles and plans to complete the remainder of the uniform fleet in the near future. Aventura Arts & Cultural Center The Aventura Arts & Cultural Center ("AACC") is a beautiful 14,864 square -foot waterfront performing arts facility situated on the intracoastal whose mission is to enhance the quality of life for Aventura by providing a variety of performing arts and relevant cultural programming for audiences of all ages. The AACC has been managed by the Broward Center for the Performing Arts since its opening and has just completed its sixth season. The AACC has become the cultural heart of the City as thousands have enjoyed a wide range of shows in this beautiful waterfront facility. Budget Process The City's fiscal year begins on October 1 s` and ends on September 30`h of each year as mandated by Florida statutes. The City Manager submits to the Commission the Proposed Operating and Capital Budget for the coming year no later than July 10`h of each fiscal year. The preliminary millage rate is based on the certified taxable value that is received on July 1s`. The appropriations contained in the proposed recommendation shall not exceed the funds derived from taxation and other revenue sources. The budget is approved via Commission adoption of an Ordinance at two (2) public meetings scheduled for September and becomes effective October 1s`. An annual appropriated budget is adopted for all governmental funds with the exception of the Charter School Fund, Federal Forfeiture Fund and Law Enforcement Trust Fund. The City Manager is authorized to transfer part or all of an unencumbered appropriation balance within departments within a fund; however, any revisions that alter the total appropriations of any department or fund must be approved by the City Commission. The classification detail at which expenditures may not legally exceed appropriations is at the department level. ECONOMIC CONDITION AND OUTLOOK Local Economy The City is an affluent suburb in a metropolitan area and serves as a major retail and medical economic driver and attraction for South Florida. It is home to the Aventura Mall which is ranked the #2 Most Visited Shopping Mall in the U.S. by Travel + Leisure, South Florida's largest super regional mall and is ranked one of the top five highest grossing malls in the country in sales per square foot. The Aventura Mall is a 2.7 million square -foot multi-level indoor shopping center. In addition, the City is home to many other beautiful shopping centers, fine dining establishments and the Aventura Hospital and Medical Center. In September 2016, the Commission adopted the budget for the fiscal year beginning October 1, 2016. The budget adopted the same tax rate as the prior year of 1.726, which is the lowest rate in the County, making it the City's 21s` year without a property tax increase. The City's property tax component is only responsible for approximately 10% of the total tax bill, with the largest portions being incurred from the County and School Board. In FY 2016/17, the City will look to maintain the same service levels and programs that our residents and businesses enjoyed in the prior year. More information about the City's economy may be obtained in the MD&A. IN Maior Capital Improvements One of the City's main priorities is to maintain its infrastructure to a high standard. As a result, the City completed the following major capital improvements during FY 2015/16: ✓ Country Club Drive Sharrows and Signage Improvements ✓ Phase I of NE 207`h Street sidewalk, drainage and road resurfacing improvements ✓ NE 301h Avenue Street Light Improvements ✓ Turnberry Way Sidewalk Improvements ✓ Yacht Club Way Bridge Repairs ✓ ACES School Flashers ✓ NE 213`h Street Road Resurfacing Improvements ✓ Traffic Video Monitoring System upgrades ✓ Soffer Exercise Trail Improvements ✓ Peace Park Construction ✓ NE 291h Place sidewalk, drainage and road resurfacing improvements In addition, the following projects were in process at the end of FY 2015/16: • NE 188`h Street Park Improvements • Phase II of NE 29`h Place • NE 1915` Street Drainage and Roadway Improvements • NE 213`h Street Seawall Improvements In FY 2016/17, the City's budget includes operating costs for the new City-wide Bike Share Program that offers a way to expand the City's transportation options and alleviate traffic. The Capital Outlay portion of the budget contains nearly $1.62 million for drainage improvements including a phase II of the update to the City's Stormwater Master Plan that will also study long-term impacts of the rising sea level on the overall drainage system. IX91ki"I;IN61alk1rilkim/e10Wil kilkillkl [evil kiIIl:7;IIA%1k1kialk1rilkimFil0101IN1;&9 Maintaining Adequate Fund Balances The City follows GASB Statement No. 54, Fund Balance Reporting and Governmental Fund Type Definitions which requires that governmental fund financial statements present fund balances based on classifications that comprise a hierarchy that is based primarily on the extent to which the City is bound to honor constraints on the specific purposes for which amounts in the respective governmental funds can be spent. Some of our more significant fund balance classifications include: The City's policy is to maintain an adequate General Fund balance to meet seasonal shortfalls in cash flow and reduce susceptibility to emergency and unanticipated expenditures and/or revenue shortfalls Committed: This classification includes amounts that can be used only for the specific purposes as determined by adoption of an ordinance by the Commission. Once adopted, the limitation imposed by the ordinance remains in effect until another ordinance either removes or revises the limitation. Effective September 30, 2016, the Commission provided a General Fund Capital Reserve of approximately $ 16.6 million and continued to maintain a Hurricane/Emergency and Disaster Recovery Reserve in the amount of $ 5 million. Unassigned: This classification includes the residual fund balance for the General Fund and represents fund balance that has not been assigned to other funds and that has not been restricted, committed, or assigned to specific purposes within the General Fund. 91 Minimum Level of Unassigned Fund Balance of the General Fund At the beginning of each fiscal year, the total unassigned fund balance shall not be less than 10% of the annual General Fund revenue. In any fiscal year where the City's unassigned fund balance falls below the required 10% threshold, the City shall not budget any amounts of unassigned fund balance for the purpose of balancing the budget. In addition, the City Manager will make every effort to reestablish the minimum unassigned fund balance in a 24 — 36 month period beginning with the year from which the reserve funds fell below the 10% threshold. 10% of the FY 2016/17 annual General Fund revenue approximates $ 3.7 million, while at September 30, 2016 unassigned fund balance approximated $ 19.7 million. Pay -As -You -Go Financing Although the City Charter makes no reference to limitations in establishing debt, the City has limited its borrowing to prudent levels that are able to be satisfied with existing revenue and cash flow projections. In order to minimize our debt issuance (and the related costs) to when it is absolutely necessary, the City has adopted a pay-as-you-go financing policy for CIP projects which include: • A large number of projects having a relatively small dollar value. • Projects which can be broken into phases with a portion completed each year without impairing the overall effectiveness of the project. • Projects which are of a recurring nature. • Projects where the assets acquired will have relatively short useful lives. By adhering to this policy, the City has been able to utilize reserves and pay cash instead of issuing debt to fund the Charter School and the Government Center Garage Expansion projects. Privatization of City Services The City utilizes a model of privatizing the operations of many service areas to allow for a more cost effective service delivery system as compared to the traditional government structure. By utilizing outside contractors to provide certain functions such as Building Inspection and Engineering Services, the City is able to quickly adjust its cost of providing such services in direct correlation to the demand for the related service. AWARDS AND ACKNOWLEDGEMENTS The Government Finance Officers Association of the United States and Canada ("GFOA") awarded a Certificate of Achievement for Excellence in Financial Reporting to the City of Aventura for its comprehensive annual financial report for the fiscal year ended September 30, 2015. This was the twentieth consecutive year that the City has achieved this prestigious award. In order to be awarded a Certificate of Achievement, a government must publish an easily readable and efficiently organized comprehensive annual financial report. This report must satisfy both generally accepted accounting principles and applicable legal requirements. A Certificate of Achievement is valid for a period of one year only. We believe that our current comprehensive annual financial report continues to meet the Certificate of Achievement Program's requirements and we are submitting it to the GFOA to determine its eligibility for another certificate. The City also received the GFOA's Distinguished Budget Presentation Award for its annual budget document for the fiscal year beginning October 1, 2016. To qualify for the Distinguished Budget Presentation Award, the City's budget document had to be judged proficient as a policy document, a financial plan, an operations guide, and a communications device. The preparation of this report would not have been possible without the efficient and dedicated service of the Finance Department and as such we would like to express our appreciation to all u members of the Department who assisted in this effort. In addition, we give credit to City Commission for their continued interest and support in planning and conducting the City's financial operations in a responsible and progressive manner. Respectfully submitte Eric M. Soroka, ICMA- City Manager Brian K. Raducci Finance Director Im CITY OF AVENTURA, FLORIDA LIST OF PRINCIPAL OFFICIALS Title Mayor Commissioner Commissioner Commissioner Commissioner Commissioner Commissioner City Manager City Attorney City Clerk Finance Director Information Technology Director Police Chief Community Development Director Community Services Director Public Works/Transportation Director Arts & Cultural Center General Manager Charter School Principal City Auditor Name Enid Weisman Denise Landman Dr. Linda Marks Gladys Mezrahi Marc Narotsky Robert Shelley Howard Weinberg Eric M. Soroka Weiss Serota Helfman Cole & Bierman, P.L. Ellisa L. Horvath Brian K. Raducci Karen J. Lanke Steven Steinberg Joanne Carr Kimberly Merchant Joseph S. Kroll Jeff Kiltie Julie Alm Alberni Caballero & Fierman, LLP CITY OF AVENTURA City Attorney I Legal Services F -- IPublic Safety Community Department Development Department Police Patrol Community Relations Criminal investigations Traffic Enforcement Emergency Preparedness Organizational Chart Planning Zoning Building Inspections Code Enforcement Economic Development Occupational Licenses F— — Charter School Department K-8 School Residents City Commission City Manager City Clerk Administrat on Budget Pre )aration Minutes Customer 1 ervice Records Retention Capital Pro acts Clerical Support Elections Finance Department Finance/Accounting Purchasing Risk Management Personnel Arts & Cultural Center Department Facility Management Performing Arts Programming IX Information Technology Department I Information Management Communications Community Services Department ■ Community Facilities Parks/Beautification ROW/Median Maint. Public Works Mass Transit Special Events Recreation/Cultural Government Finance Officers Association Certificate of Achievement for Excellence in Financial Reporting Presented to City of Aventura Florida For its Comprehensive Annual Financial Report for the Fiscal Year Ended September 30, 2015 Executive Director/CEO FINANCIAL SECTION INDEPENDENT AUDITORS' REPORT AC ALBERNI CABALLERO & HERMAN, LLP ACCOUNTANTS • ADVISORS INDEPENDENT AUDITORS' REPORT Honorable Mayor and Members of the City Commission City of Aventura, Florida Report on the Financial Statements Alberni Caballero & Fierman, LLP 4649 Ponce de Leon Blvd. Suite 404 Coral Gables, Florida 33146 T: 305.662.7272 F: 305.662.4266 ACF-CPA.COM We have audited the accompanying financial statements of the governmental activities, the business -type activities, each major fund, and the aggregate remaining fund information of City of Aventura, Florida (the "City") as of and for the fiscal year ended September 30, 2016, and the related notes to the financial statements, which collectively comprise the City's basic financial statements as listed in the table of contents. Management's Responsibility for the Financial Statements Management is responsible for the preparation and fair presentation of these financial statements in accordance with accounting principles generally accepted in the United States of America; this includes the design, implementation, and maintenance of internal control relevant to the preparation and fair presentation of financial statements that are free from material misstatement, whether due to fraud or error. Auditors' Responsibility Our responsibility is to express opinions on these financial statements based on our audit. We did not audit the financial statements of the City of Aventura Police Officers' Retirement Plan Pension Trust Fund, which represents 92%, 94% and 89% respectively, of the assets, net position, and revenues of the aggregate remaining fund information. Those statements were audited by other auditors' whose report has been furnished to us, and our opinion, insofar as it relates to the amounts included for the City of Aventura Police Officers' Retirement Plan Pension Trust Fund, is based solely on the report of the other auditors. We conducted our audit in accordance with auditing standards generally accepted in the United States of America and the standards applicable to financial audits contained in Government Auditing Standards, issued by the Comptroller General of the United States. Those standards require that we plan and perform the audit to obtain reasonable assurance about whether the financial statements are free from material misstatement. An audit involves performing procedures to obtain audit evidence about the amounts and disclosures in the financial statements. The procedures selected depend on the auditor's judgment, including the assessment of the risks of material misstatement of the financial statements, whether due to fraud or error. In making those risk assessments, the auditor considers internal control relevant to the entity's preparation and fair presentation of the financial statements in order to design audit procedures that are appropriate in the circumstances, but not for the purpose of expressing an opinion on the effectiveness of the entity's internal control. Accordingly, we express no such opinion. An audit also includes evaluating the appropriateness of accounting policies used and the reasonableness of significant accounting estimates made by management, as well as evaluating the overall presentation of the financial statements. We believe that the audit evidence we have obtained is sufficient and appropriate to provide a basis for our audit opinions. Opinions In our opinion, the financial statements referred to above present fairly, in all material respects, the respective financial position of the governmental activities, the business -type activities, each major fund, and the aggregate remaining fund information of the City, as of September 30, 2016, and the respective changes in financial position and, where applicable, cash flows for the fiscal year then ended in accordance with accounting principles generally accepted in the United States of America. Emphasis of Matters As discussed in Note 1 to the financial statements, the City implemented Governmental Accounting Standards Board (GASB) Statement No. 72, Fair Value Measurement and Application as of October 1, 2015. Our opinion is not modified with respect to this matter. Other Matters Required Supplementary Information Accounting principles generally accepted in the United States of America require that the Management's Discussion and Analysis on pages 4 through 13 and the budgetary comparison schedules, schedule of changes in net pension liability and related ratios, schedule of contributions, schedule of investment returns and schedule funding progress for other post employment benefits on pages 56 through 62, be presented to supplement the basic financial statements. Such information, although not a part of the basic financial statements, is required by the Governmental Accounting Standards Board, who considers it to be an essential part of financial reporting for placing the basic financial statements in an appropriate operational, economic, or historical context. We have applied certain limited procedures to the required supplementary information in accordance with auditing standards generally accepted in the United States of America, which consisted of inquiries of management about the methods of preparing the information and comparing the information for consistency with management's responses to our inquiries, the basic financial statements, and other knowledge we obtained during our audit of the basic financial statements. We do not express an opinion or provide any assurance on the information because the limited procedures do not provide us with sufficient evidence to express an opinion or provide any assurance. Supplementary and Other Information Our audit was conducted for the purpose of forming opinions on the financial statements that collectively comprise the City's basic financial statements. The introductory section, combining and individual nonmajor fund financial statements, budgetary comparison schedules and statistical section, are presented for purposes of additional analysis and are not a required part of the basic financial statements. The combining and individual nonmajor fund financial statements and budgetary comparison schedules are the responsibility of management and were derived from and relate directly to the underlying accounting and other records used to prepare the basic financial statements. Such information has been subjected to the auditing procedures applied in the audit of the basic financial statements and certain additional procedures, including comparing and reconciling such information directly to the underlying accounting and other records used to prepare the basic financial statements or to the basic financial statements themselves, and other additional procedures in accordance with auditing standards generally accepted in the United States of America. In our opinion, the combining and individual nonmajor fund financial statements and budgetary comparison schedules are fairly stated in all material respects in relation to the basic financial statements as a whole. The introductory and statistical sections have not been subjected to the auditing procedures applied in the audit of the basic financial statements and, accordingly, we do not express an opinion or provide any assurance on them. Other Reporting Required by Government Auditing Standards In accordance with Government Auditing Standards, we have also issued our report dated February 28, 2017, on our consideration of the City's internal control over financial reporting and on our tests of its compliance with certain provisions of laws, regulations, contracts, and grant agreements and other matters. The purpose of that report is to describe the scope of our testing of internal control over financial reporting and compliance and the results of that testing, and not to provide an opinion on internal control over financial reporting or on compliance. That report is an integral part of an audit performed in accordance with Government Auditing Standards in considering the City's internal control over financial reporting and compliance. 7Qe-,Y G'a6a��ewo & fie /ffay LLQ' Alberni Caballero & Fierman, LLP Coral Gables, Florida February 28, 2017 MANAGEMENT'S DISCUSSION AND ANALYSIS (M D&A) CITY OF AVENTURA, FLORIDA MANAGEMENT'S DISCUSSION AND ANALYSIS September 30, 2016 As the City of Aventura's (the "City") management, we offer the City's financial statement readers this narrative overview and analysis of the City's financial activities for the fiscal year ended September 30, 2016. We encourage readers to consider the information presented herein in conjunction with the Letter of Transmittal, which can be found on pages i through vii of this report. All amounts, unless otherwise indicated, are expressed in thousands of dollars. Financial Highlights ■ The assets and deferred outflows of resources of the City exceeded its liabilities and deferred inflows of resources at the close of the most recent fiscal year by $ 120.4 million (net position). Of this amount, $ 39.8 million represents unrestricted net position, which may be used to meet the City's ongoing obligations to citizens and creditors. ■ The City's total net position increased by $ 203,000 over the course of this year's operations. The net position of our governmental activities increased by approximately $ 454,000, while the net position of our business type activities decreased by approximately $ 250,000. ■ At the close of the current fiscal year, the City's governmental funds reported combined fund balances of $50.8 million, an increase of $ 4 million in comparison with the prior year. Approximately 39% of this amount ($ 19.7 million) is available for spending at the government's discretion (unassigned fund balance). ■ At the end of the current fiscal year, unrestricted fund balance (the total of committed, assigned and unassigned components of fund balance) for the General Fund was $ 42.6 million, or approximately 123% of total General Fund expenditures (inclusive of transfers out). Overview of the Financial Statements The financial section of this annual report consists of four (4) parts—management's discussion and analysis (this section), the basic financial statements, required supplementary information and other financial information that presents combining and individual fund financial statements and budgetary comparison schedules. MANAGEMENT'S DISCUSSION AND ANALYSIS BASIC FINANCIAL STATEMENTS Government -Wide (Full Accrual) Governmental Activities Business -Type Activities (No Fiduciary Activities) Fund Governmental (Modified Accrual) Proprietary (Full Accrual) Fiduciary (Full Accrual) Notes to the Financial Statements REQUIRED SUPPLEMENTARY INFORMATION OTHER FINANCIAL INFORMATION Supplementary Information — Combining Fund Financial Statements & Budgetary Comparison Schedules Scope Required financial statements Accounting basis and measurement focus Type of asset, liability, and deferred outflows/inflows information CITY OF AVENTURA, FLORIDA MANAGEMENT'S DISCUSSION AND ANALYSIS September 30, 2016 Major Features of the Basic Financial Statements Government -Wide Financial Statements Entire City government (except fiduciary activities) Statement of net position Statement of activities Accrual accounting and economic resources focus All assets and liabilities, both financial and capital, and short-term and long-term. It also includes the consumption and the acquisition of net position that applies to future period(s). Basic Financial Statements Government -wide financial statements Governmental Funds Activities of the City that are not proprietary or fiduciary • Balance sheet • Statement of revenues, expenditures, and net changes in fund balances Modified accrual accounting and current financial resources focus Only assets expected to be used up and liabilities that come due during the year to soon thereafter, no capital assets and long-term liabilities are included. It also includes the consumption and the acquisition of net position that applies to future period(s). Fund Financial Statements Proprietary Funds Activities of the City that are operated similar to private business Statement of net position Statement of revenues, expenses, and changes in net position " Statement of cash flows Accrual accounting and economic resources focus All assets and liabilities, both financial and capital, and short-term and long-term. It also includes the consumption and the acquisition of net position that applies to future period(s). Fiduciary Funds Instances in which the City is the trustee or agent for someone else's resources Statement of net position Statement of changes in net position Accrual accounting and economic resources focus All assets and liabilities, both short-term and long- term. It also includes the consumption and the acquisition of net position that applies to future period(s). The focus of the government -wide financial statements is on the City's overall financial position and its activities. Reporting is similar to that of a private -sector business. The government -wide financial statements report information about the City as a whole and about its activities in a way that helps answer questions about the City's financial health and whether the current year activities contributed positively or negatively to that health. The City's government -wide financial statements include the statement of net position and statement of activities. As described below, these statements do not include the City's fiduciary activities because resources from these funds cannot be used to finance the City's activities. However, the financial statements of fiduciary activities are included in the City's fund financial statements because the City is financially accountable for those resources, even though they belong to other parties. The Statement of Net Position presents the City's long and short term financial information on the assets held and liabilities owed, as well its deferred outflows/inflows of resources. The City's assets are reported when acquired and its liabilities are reported when they are incurred, regardless of the timing of the related cash flows to acquire these assets or liquidate such liabilities. For example, the City reports buildings and infrastructure as assets even though they are not available to pay the obligations it incurs. On the other hand, the City reports liabilities, such as other post -employment benefits even though these liabilities might not be paid until several years into the future. Deferred outflows/inflows of resources represent the consumption/acquisition, respectively, of net position that applies to a future period(s). CITY OF AVENTURA, FLORIDA MANAGEMENT'S DISCUSSION AND ANALYSIS September 30, 2016 Basic Financial Statements (Continued) Government -wide financial statements (Continued The difference between the City's total assets, deferred outflows of resources, total liabilities and deferred inflows of resources is net position. Over time, increases or decreases in net position may serve as a useful indicator of whether the City's financial position is improving or deteriorating. Although the City's purpose is not to accumulate net position, in general, as this amount increases it indicates that the City's financial position is improving over time. The Statement of Activities presents the revenues and expenses of the City. The items presented on the statement of activities are measured in a manner similar to the approach used in the private -sector, in that revenues are recognized when earned and expenses are reported when incurred. Accordingly, revenues are reported even when they may not be collected for several months after the end of the accounting period and expenses are recorded even though they may not have used cash during the current period. Both of the government -wide financial statements distinguish City functions that are principally supported by taxes and intergovernmental revenue (governmental activities) from other functions that are intended to recover all or a significant portion of their costs through user fees and charges (business -type activities). The City's governmental activities include general government, public safety and community services. The City's business -type activities include stormwater utility. Fund financial statements Unlike government -wide financial statements, the focus of fund financial statements is directed to the City's specific activities rather than the City as a whole. Except for the General Fund, separate funds are established to maintain control over resources that have been segregated for specific activities or objectives. The City, like other state and local governments, uses fund accounting to ensure and demonstrate compliance with finance -related legal requirements. All of the City's funds can be divided into three (3) categories: governmental funds, proprietary funds and fiduciary funds. Governmental funds Financial statements consist of a balance sheet and a statement of revenues, expenditures, and changes in fund balances. These statements are prepared on an accounting basis that is significantly different from that used to prepare the government -wide financial statements. In general, these financial statements have a short-term emphasis and, for the most part, measure and account for cash and other assets that can easily be converted to cash. For example, amounts reported on the balance sheet include items such as cash and receivables but do not include capital assets such as land and buildings. The difference between the fund's total assets, deferred outflows of resources, total liabilities and deferred inflows of resources is fund balance, and generally indicates the amount that can be used to finance the next fiscal year's activities. The operating statement for governmental funds reports only those revenues that were collected during the current period or very shortly after the end of the year. Expenditures are recorded when incurred. For the most part, the balances and activities accounted for in governmental funds are also reported in the governmental activities columns of the government -wide financial statements. However, because different accounting basis are used to prepare governmental fund financial statements and government -wide financial statements, there are often significant differences between the totals presented. For this reason, there is an analysis after the governmental funds balance sheet that reconciles the total fund balances for all governmental funds to the amount of net position presented in the governmental activities column on the statement of net position. Also, there is an analysis after the statement of revenues, expenditures and changes in fund balances that reconciles the total change in fund balances for all governmental funds to the change in net position as reported in the governmental activities column in the statement of activities CITY OF AVENTURA, FLORIDA MANAGEMENT'S DISCUSSION AND ANALYSIS September 30, 2016 Basic Financial Statements (Continued) Proorietary funds Financial statements consist of a statement of net position, statement of revenues, expenses, and changes in net position and statement of cash flows. These statements are prepared on an accounting basis that is similar to the basis used to prepare the government -wide financial statements. For financial reporting purposes, proprietary funds are grouped into Enterprise Funds and Internal Service Funds. The City uses Enterprise Funds to account for business -type activities that charge customers a fee for their use of specific goods or services. These funds are used to report the same functions presented as business -type activities in the government -wide financial statements. Although the City does not have any Internal Service Funds, such funds are used to account for services provided and billed on an internal basis. Proprietary funds provide the same type of information as the government -wide financial statements, only in more detail. The City has one major enterprise fund, the Stormwater Utility fund. A statement of cash flows is presented at the fund financial statement level for proprietary funds, but no equivalent statement is presented in the government - wide financial statements for either governmental activities or business -type activities. Fiduciary funds Fiduciary funds are used to account for resources held for another party's benefit outside the government. Fiduciary funds are not reflected in the government -wide financial statement because resources of those funds are not available to support the City's own programs. Fiduciary financial statements consist of a statement of net position and a statement of changes in net position. The City reports one fiduciary fund to account for the Police Officers' Retirement Plan Fund. Notes to the financial statements The notes provide additional information that is essential to a full understanding of the data provided in the government -wide and fund financial statements. Required Supplementary Information In addition to the basic financial statements and accompanying notes, this report also presents certain required supplementary information concerning various issues such as a comparison between the City's adopted and final budget and actual financial results for its General Fund and major special revenue funds (if applicable). The City adopts an annual appropriated budget for its governmental funds. A budgetary comparison schedule has been provided for the General Fund and major special revenue funds (if applicable) to demonstrate compliance with this budget. Required supplementary information is also presented for the City's defined benefit pension plan including a schedule of funding progress and schedule of employer and State of Florida contributions as well as a schedule of funding progress for other post -employment benefits. Combining and Individual Fund Financial Statements and Budgetary Schedules Combining statements referred to earlier in connection with nonmajor governmental, internal service and fiduciary funds are presented immediately following the required supplementary information. Additional budgetary schedules are presented in this section including, as applicable, nonmajor special revenue funds, debt services funds and capital projects funds. CITY OF AVENTURA, FLORIDA MANAGEMENT'S DISCUSSION AND ANALYSIS September 30, 2016 Government -Wide Financial Analysis The table below presents a summary of net position as of September 30, 2016 and 2015, derived from the government -wide Statement of Net Position: Current and other assets Capital assets Total assets Total deferred outflows of resources Long-term liabilities Other liabilities Total liabilities Total deferred inflows of resources Net position: Net investment in capital assets Restricted Unrestricted Total net position Net Position (in thousands) Governmental Activities Business -Type Activities Total 2016 2015 2016 2015 2016 2015 $ 55,581 $ 50,955 $ 2,319 $ 2,656 $ 57,900 $ 53,611 91,988 92,524 6,809 6,775 98,797 99,299 147,569 143,479 9,128 9,431 156,697 152,910 2,642 2,263 - - 2,642 2,263 30,046 30,416 - - 30,046 30,416 7,521 4,077 54 107 7,575 4,184 37,567 34,493 54 107 37,621 34,600 1,303 361 - 1,303 361 69,973 68,719 6,809 6,775 76,782 75,494 3,856 3,272 - - 3,856 3,272 37,512 38,897 2,265 2,549 39,777 41,446 $ 111,341 $ 110,888 $ 9,074 $ 9,324 $ 120,415 $ 120,212 As noted earlier, net position may serve over time as a useful indication of a government's financial position. At the close of the most recent fiscal year, the City's assets and deferred outflows of resources exceeded its liabilities by approximately $ 120.4 million. The largest component of the City's net position is net investment in capital assets and is 64% of total net position. This category reflects its investment in capital assets net of any outstanding related debt used to acquire these assets. The City uses these capital assets to provide its citizens with quality services. Consequently this component of net position is not available for future spending. Although the capital assets are shown net of debt, it should be noted that the resources needed to repay this debt must be provided from other sources. The next largest portion of the City's net position is unrestricted (resources available for spending) and is 33% of total net position. Restricted net position represents 3% of total net position and contains resources that are subject to external restrictions on how they can be used. Capital assets decreased approximately $ .5 million and net investment in capital assets increased by $ 1.3 million, respectively, in the governmental activities primarily due to the net effect of new capital/infrastructure projects, increase in accumulated depreciation, disposal of equipment and decrease in related debt. Current and other assets increased by approximately $ 4.6 million and unrestricted net position in the governmental activities decreased by approximately $ 1.6 million. The increase in net investment in capital assets is due to the City's ability to self -finance acquisition and construction of new capital/infrastructure projects. CITY OF AVENTURA, FLORIDA MANAGEMENT'S DISCUSSION AND ANALYSIS September 30, 2016 Government -Wide Financial Analysis (Continued) Over time, increases and decreases in net position measure whether the City's financial position is improving or deteriorating. In the current fiscal year, property taxes increased by approximately $ 1 million as the assessed value of our taxable property increased over the prior year coupled with no change in our ad valorem millage rate. In addition, we experienced a $ 2.3 million increase in building permit fees due to higher than anticipated building activity. Public safety expenditures increased by nearly $ 7.2 million. Of that amount $ 4.4 million is attributable to an increase in the police pension liability due to an increase in plan benefits which is largely offset by additional bargaining unit member contributions. Another $ 1.5 million of the increase was due to higher than anticipated building inspection services expenditures resulting from the increased building activity. These expenditures were offset by additional building permit revenue described above. The table below presents a summary of changes in net position for the years ended September 30, 2016 and 2015, as derived from the government -wide Statement of Activities: Revenues: Program revenues: Charges for services Operating grants and contributions Capital grants and contributions General revenues: Property taxes Utility service taxes Intergovernmental revenues Other revenues Total revenues Expenses: General government Public safety Community services Interest and fiscal charges Stormwater utility Total expenses Change in net position Net position, beginning of year (as restated) Net position, end of year Changes in Net Position (in thousands) Governmental Business -Type Activities Activities Total 2016 2015 2016 2015 2016 2015 $ 11,096 $ 8,667 $ 904 $ 926 $ 12,000 $ 9,593 10,330 8,261 - - 10,330 8,261 475 1,253 - - 475 1,253 15,009 13,978 - - 15,009 13,978 8,979 7,872 - - 8,979 7,872 7,519 8,263 - 496 7,519 8,759 275 560 11 7 286 567 53,683 48,854 915 1,429 54,598 50,283 5,435 5,472 - - 5,435 5,472 28,477 21,261 - - 28,477 21,261 18,537 18,108 - - 18,537 18,108 781 812 - - 781 812 - - 1,165 694 1,165 694 53,230 45,653 1,165 694 54,395 46,347 453 3,201 (251) 735 202 3,936 110,888 107,687 9,325 8,589 120,213 116,276 $ 111,341 $ 110,888 $ 9,074 $ 9,324 $ 120,415 $ 120,212 E CITY OF AVENTURA, FLORIDA MANAGEMENT'S DISCUSSION AND ANALYSIS September 30, 2016 Financial Analysis of the City of Aventura's Funds As noted earlier, the City uses fund accounting to ensure and demonstrate compliance with finance -related legal requirements. Governmental funds The focus of the City's governmental funds is to provide information on near-term inflows, outflows and balances of spendable resources. Such information is useful in assessing the City's financing requirements. In particular, unrestricted fund balance (committed, assigned and unassigned) may serve as a useful measure of a government's net resources available for spending at the end of the fiscal year. The General Fund is the City's chief operating fund and at end of the current fiscal year its total fund balance approximated $ 42.6 million. Much of the unrestricted fund balance portion will be utilized in future years to continue to fund various capital needs and to maintain a hurricane/emergency and disaster recovery reserve. As a measure of the General Fund's liquidity, it may be useful to compare both unrestricted fund balance and total fund balance to total general fund expenditures. Unassigned fund balance equals approximately $ 19.7 million or 46% of the General Fund total fund balance. This amount represents approximately 54% of total general fund expenditures (inclusive of transfers out) and is available for spending at the government's discretion. The total fund balance of the City's General Fund increased by $ 3.5 million during the current fiscal year as the overall revenues and expenditures increased by $ 3.7 million and $ 3.1 million, respectively. In the current fiscal year, ad valorem taxes increased by approximately $ 1 million as the assessed value of our taxable property increased over the prior year coupled with no change in our ad valorem millage rate. The Charter School Fund is used to record the operations of the Aventura City of Excellence School. The Charter School's fund balance increased by $ 0.1 million. There were no significant changes in the School's operations and the intergovernmental revenues increased by $ .05 million. During the year, the School increased its investment in computers and other capital equipment in the amount of $ .15 million. The Street Maintenance Fund is used to record the operations of the street maintenance and construction costs, which are designated by State Statute. The activities in this fund vary from year to year based on the projects planned. This year the fund balance increased by $ .8 million as a result of the increase in development and the collection of approximately $ 1.5 million in impact fees. The Debt Service Fund Series 2000 is used to record principal and related interest payments and did not have any significant changes from the prior year. Proprietary fund The proprietary fund is used to record the operations of the stormwater-related activities and experienced a decrease in net position of $ .25 million over the prior year. This was primarily due to the City's increased maintenance efforts, which resulted in an additional $ .4 million in maintenance costs. The rates charged by the City remained unchanged for this fiscal year. 10 CITY OF AVENTURA, FLORIDA MANAGEMENT'S DISCUSSION AND ANALYSIS September 30, 2016 General Fund Budgetary Highlights During the year, the original budget was amended and revenues and expenditures were increased by approximately $ 2.94 million as follows: ■ $ .3 million related to the automatic reappropriation of capital -related encumbrances for capital projects that were in process at the end of fiscal year 2015. ■ $ .54 million related to the reappropriation of remaining capital -related funds from fiscal year 2015 for various projects which were incomplete or assigned at the end of that fiscal year. ■ $ .47 million related to the net increase in operational costs in various departments which was offset by additional revenue and carryover. ■ $ 1.63 million related to the increase in building permit and planning review activity which was offset by additional revenue in their respective categories. During the year, revenues exceeded budgetary estimates and expenditures were less than budgetary estimates, resulting in the net increase to fund balance of approximately $ 2.9 million. As explained earlier, much of the unrestricted fund balance will continue to be utilized in future years to fund various capital needs. Licenses and permits and fines and forfeitures revenue exceeded the revised budget by $ .8 million and $ 1.1 million, respectively due to higher than anticipated revenues in both categories. Non -departmental capital outlay was approximately $17.8 million less than budgeted because the City budgets a reserve for future capital expenditures which accounts for a significant portion of the appropriated beginning fund balance. Capital Assets As of September 30, 2016 and 2015, the City had $ 98.8 million and $ 99.3 million, respectively, invested in a variety of capital assets, as reflected in the following schedule: Additional information can be found in Note 7 - Capital Assets. 11 Capital assets (in thousands, net of depreciation) Governmental Business -Type Activities Activities Total 2016 2015 2016 2015 2016 2015 Land $ 21,023 $ 21,023 $ - $ - $ 21,023 $ 21,023 Buildings 33,470 34,962 - - 33,470 34,962 Improvements other than buildings 8,326 8,839 - - 8,326 8,839 Furniture, machinery and equipment 5,582 5,175 - - 5,582 5,175 Infrastructure 20,339 21,313 6,070 6,348 26,409 27,661 Construction in progress 3,248 1,212 739 427 3,987 1,639 Total $ 91,988 $ 92,524 $ 6,809 $ 6,775 $ 98,797 $ 99,299 Additional information can be found in Note 7 - Capital Assets. 11 CITY OF AVENTURA, FLORIDA MANAGEMENT'S DISCUSSION AND ANALYSIS September 30, 2016 Debt Administration As of year-end, the City had $ 22.015 million in debt outstanding compared to the $ 23.805 million last year, a 7.5% decrease. All debt is secured only by a covenant to budget and appropriate. Bonded Debt and Notes Payable (in thousands) Governmental Business -Type Activities Activities Total 2016 2015 2016 2015 2016 2015 Non -Ad Valorem bonds $ 22,015 $ 23,805 $ - $ - $ 22,015 $ 23,805 Additional information can be found in Note 8 — Long -Term Liabilities of Governmental Activities. Economic Factors and Next Year's Budgets and Rates The State of Florida, by constitution, does not have a state personal income tax and therefore the State operates primarily using sales, gasoline and corporate income taxes. Local governments including cities, counties and school boards primarily rely on property and a limited array of permitted other taxes (e.g., utility taxes, franchise fees and occupational licenses) and intergovernmental revenues to provide funding for their governmental activities. For business -type activities and certain governmental activities (e.g., construction services and recreational programs), a fee or charge is paid by those that utilize the service. Strong fiscal policies and prudent budgeting have enabled the City to maintain the lowest tax rate within the County while at the same time provide high-quality services to our residents. The City experienced an 8.9% increase in property values over the prior year while the new construction assessed values rose by $ 271 million over the same time. Recent developments such as the Park Square Aventura mixed use project, Publix Shopping Center redevelopment, 3 new office buildings and the expansion of the Aventura Mall will insure that this trend continues in the near future. For the 21St year in a row the FY 2016/17 budget did not include a tax rate increase. In addition, General Fund reserve funds were not utilized to balance the budget and no additional debt was proposed to be issued. The FY 2016/17 budget totals $ 58.4 million or 8.3% less than the previous year mainly due to the completion of a large number of one-time capital projects in the prior year. Capital Outlay expenditures are budgeted at $ 3.7 million — a decrease of $ 7 million as compared to the prior year. In the coming year, funding has been planned and provided for drainage improvements and road resurfacing projects as well as the continued investment in state-of- the-art technology to better serve and protect our residents. In addition, the City has made it a priority to maintain its infrastructure (e.g., government buildings and its park facilities) to a very high standard in order to ensure our service levels will be long into the future. The budget includes a reorganization plan that transferred some functions and services previously provided by the Community Services Department and City Manager's Office to a new Public Works/Transportation Department. As a result, a new Department Director position was created to lead the department and implement the City's plan to address the expansion of our public transportation and the maintenance and protection of its infrastructure. 12 CITY OF AVENTURA, FLORIDA MANAGEMENT'S DISCUSSION AND ANALYSIS September 30, 2016 Economic Factors and Next Year's Budgets and Rates (Continued) Operating costs increased by $ 1.26 million or 3.8% as compared to the previous year and provides funding to maintain the City's current service level for all functions. In addition, new funding has been included in the FY 2016/17 budget for the following areas: ■ Building Inspection and Review costs were increased to respond to the upswing in building activity. ■ Shuttle bus costs increased by $ .28 million to fund expanding the starting and ending times of the service and to provide an additional route during peak times of the year. ■ Operating funds were included for the costs associated with the opening of the new Peace Park on NE 188th Street. ■ Two (2) additional positions were added in the Police Department including a Detective and a Police Officer to address the increased workload as a result of investigating identity theft and to assist with expediting the hiring process for vacant police officer positions, respectively. The model of privatizing many service areas of the City's operations over the years has served the City well and has allowed for a more cost effective service delivery system as compared to the traditional government structure. The total number of full-time employees contained in the FY 2016/17 budget increased by 2 compared to the prior year for a total of 178. Our mission is to join with our community to make Aventura a city of the highest quality and a city of excellence. We do this by providing responsive, cost effective and innovative local government services. Requests for Information This financial report is designed to provide our citizens, taxpayers, customers and investors and creditors with a general overview of the City's finances and to demonstrate the City's accountability. If you should have any questions pertaining to the information presented in this report or would like additional information, please contact the City's Finance Director at 19200 W. Country Club Drive, Aventura, Florida 33180. 13 BASIC FINANCIAL STATEMENTS CITY OF AVENTURA, FLORIDA STATEMENT OF NET POSITION SEPTEMBER 30, 2016 ASSETS Cash, cash equivalents and investments Receivables, net of allowance for uncollectibles Due from other governments Prepaid expenses Inventories Restricted cash, cash equivalents and investments Capital assets: Nondepreciable Depreciable, net of accumulated depreciation Total assets Governmental Business -Type Activities Activities Total $ 52,700,824 $ 2,188,708 $ 54,889,532 813,696 - 813,696 1,137,641 129,869 1,267,510 402,650 - 402,650 26,267 - 26,267 500,594 - 500,594 24,270,625 739,274 25,009,899 67,717,555 6,070,182 73,787,737 147,569,852 9,128,033 156,697,885 DEFERRED OUTFLOWS OF RESOURCES Pension 2,190,899 - 2,190,899 Deferred charge on refunding 450,905 - 450,905 Total deferred outflows of resources 2,641,804 - 2,641,804 Accounts payable Accrued liabilities Due to other governments Unearned revenues Accrued interest payable Due within one year: Compensated absences payable Bonds payable Due in more than one year: Compensated absences payable Bonds payable Net pension liability OPEB obligation Total liabilities DEFERRED INFLOWS OF RESOURCES Pension Total deferred inflows of resources Net investment in capital assets Restricted for: Community services Public safety Debt service Unrestricted Total net position 2,001,205 53,544 2,054,749 1,807,768 - 1,807,768 3,331 - 3,331 722,128 - 722,128 26,687 - 26,687 1,109,853 - 1,109,853 1,850,000 - 1,850,000 2,013,280 - 2,013,280 20,165,000 - 20,165,000 7,437,175 - 7,437,175 431,000 - 431,000 37,567,427 53,544 37,620,971 1,302,551 - 1,302,551 1,302,551 - 1,302,551 69,973,180 6,809,456 76,782,636 2,386,600 - 2,386,600 1,088,683 - 1,088,683 380,734 - 380,734 37,512,481 2,265,033 39,777,514 $ 111,341,678 $ 9,074,489 $ 120,416,167 See notes to basic financial statements 14 V O Cl) Of LU a m 0 EE W 75; 0EF- LL F W H U) Q U 0 LULL a HOZ Z W LU \ z w LL w w -j Q ° U U) Fl- LU ry O LL P U Z > Q O N � � O U U N c C:> �� O U) E m O O U O N (n O U �U) U N N N C N X W ch 6o "T 00 O N (o r— LO I— N � O O 00 N N O 00 N ,1 O r— CO Ln O) (O 69 "T 000 O N N "T O O 00 N N O a0 N q O co Ln O) (O (A N O N rY) (0 o (0 00 L(i � ch r- - "T 69 r— coO co (0 r- (o v m O (A Oco I O CO LO co co O I O OO co O LO co r— O Lo O (O LO"T m rn O ; ch (O c`') O O LO 00 L(i(o I- O 0) c`') I— co 00 N "T "T LO I— N L(i 0000 c`') N LO (» N cn ao v 7 O LO ch (A a0 a0 O O N N fA N r- 00 N co ch fA N N O L(i Lo r— C) 0 co co 0 fA O "T 00 m O 69 O "T LO "T L(i L(i O m LO 69 N N r-vrl)(D(D O 21 U m in N c (n LO a O LO U .0 ch U N_ N (n E E N N N C � N (n L(7 00 I� O T-0 +-! C > N EO �N U 7 E fA I I 3- ' 3 co O O O 0C7�U N O 00 00 c U' N I— "T O Ni Ni W LO N r— ao v 7 O LO ch (A a0 a0 O O N N fA N r- 00 N co ch fA N N O L(i Lo r— C) 0 co co 0 fA O "T 00 m O 69 O "T LO "T L(i L(i O m LO 69 N N r-vrl)(D(D 0000 LO 00 O NT N O O LO (o 00 O c6 L(i ch ch N_ (O O I— = = O O in O O LO L(7 00 I� m O O fA I I 3- ' 3 co m Ln Ln m 00 00 N I— "T O Ni Ni LO N r— CN c`') O C fA CO CO N r -"T C (O CO O r- r- Oo O v O LO 00 00 (o 00O O O L6N O c`') I- O I— O = 0o Lo 00 O O L(7 N I— NT 00 co L(i 0o r— N N :N O fA U N O (n O U) LO in in m .Q U N C N O) 4 O C:4(5 o N N :N cn C C X N 00 N 0)N C: u EN Ec N 6, E U O O o > E ca .N .N N j N N N U O c� �_ Q � cn U' Z Z U N O (n O U) LO CITY OF AVENTURA, FLORIDA BALANCE SHEET - GOVERNMENTAL FUNDS SEPTEMBER 30, 2016 See notes to basic financial statements 16 Major Funds De bt Service Charter Street Fund Nonmajor Total General School Maintenance Series Governmental Governmental Fund Fund Fund 2000 Funds Funds ASSETS Cash and cash equivalents and investments $ 43,622,041 $ 2,837,509 $ 3,269,367 $ 184,843 $ 2,787,064 $ 52,700,824 Restricted cash, cash equivalents and investments - - - 500,533 61 500,594 Accounts receivable 774,825 3,471 - - 35,400 813,696 Due from other governments 613,671 12,405 511,106 459 1,137,641 Inventories 26,267 - - - 26,267 Prepaid expenditures 390,689 11,961 402,650 Total assets $ 45,427,493 $ 2,865,346 $ 3,780,473 $ 685,376 $ 2,822,984 $ 55,581,672 LIABILITIES Accounts payable 1,305,246 $ 143,564 $ 266,565 $ - $ 285,830 $ 2,001,205 Accrued liabilities 784,429 360,209 - 445,268 217,862 1,807,768 Due to other governments - 3,331 - - 3,331 Unearned revenues 722,128 722,128 Total liabilities 2,811,803 507,104 266,565 445,268 503,692 4,534,432 DEFERRED INFLOWS OF RESOURCES Unavailable revenue - intergovernmental - - 220,000 35,400 255,400 Total deferred inflows of resources - 220,000 35,400 255,400 FUND BALANCES Nonspendable: Inventories 26,267 - - - 26,267 Prepaid expenditures 390,689 11,961 - 402,650 Restricted for: Public works/transportation - - 2,386,600 - 2,386,600 Public safety/law enforcement - 1,088,683 1,088,683 Capital Projects 430,416 430,416 Debt service - 240,108 140,626 380,734 Committed for: Capital reserves 16,575,911 - - 16,575,911 Hurricane/emergency and disaster recovery operating reserves 5,000,000 - 5,000,000 Assigned for: Charter school operations - 2,346,281 2,346,281 Community services/parks and recreation - - - 624,167 624,167 Subsequent year's budget 898,495 907,308 - 1,805,803 Unassigned: General Fund 19,724,328 - - - - 19,724,328 Total fund balances 42,615,690 2,358,242 3,293,908 240,108 2,283,892 50,791,840 Total liabilities, deferred inflows of resources and fund balances $ 45,427,493 $ 2,865,346 $ 3,780,473 $ 685,376 $ 2,822,984 $ 55,581,672 See notes to basic financial statements 16 CITY OF AVENTURA, FLORIDA RECONCILIATION OF THE BALANCE SHEET OF GOVERNMENTAL FUNDS TO THE STATEMENT OF NET POSITION SEPTEMBER 30, 2016 Amounts reported for governmental activities in the statement of net position are different as a result of: Total fund balances - governmental funds (Page 16) $ 50,791,840 Capital assets used in governmental activities are not financial resources and therefore are not reported in the governmental funds. Governmental capital assets 145,841,450 Less accumulated depreciation (53,853,270) 91,988,180 Deferred outlows and deferred inflows of resources related to pensions 888,348 Deferred charge on refunding 450,905 Other long-term assets are not available to pay for current period (3,123,133) (33,032,995) expenditures and therefore are reported as unavailable revenues in the governmental funds 255,400 Long-term liabilities, including bonds payable, are not due and payable in the current period and therefore are not reported in the governmental funds. Notes payable (22,015,000) OPEB obligation (431,000) Net pension liability (7,437,175) Accrued interest (26,687) Compensated absences (3,123,133) (33,032,995) Net position of governmental activities (Page 15) $ 111,341,678 See notes to basic financial statements 17 CITY OF AVENTURA, FLORIDA STATEMENT OF REVENUES, EXPENDITURES AND CHANGES IN FUND BALANCES GOVERNMENTAL FUNDS FOR THE FISCAL YEAR ENDED SEPTEMBER 30, 2016 REVENUES: Ad valorem taxes Othertaxes Licenses and permits Intergovernmental Charges for services Fines and forfeitures Investment income Miscellaneous Total revenues EXPENDITURES: Current: General government Public safety Community services Capital outlay Debt service: Principal Interest Total expenditures Excess (deficiency) of revenues over expenditures OTHER FINANCING SOURCES (USES): Sale of general capital assets Transfers in Transfers out Total other financing sources (uses) Net change in fund balances FUND BALANCES, beginning of year FUND BALANCES, end of year Charter General School Fund Fund Debt Service Street Fund Maintenance Series Fund 2000 Nonmajor Total Governmental Governmental Funds Funds $ 15,008,874 $ $ $ $ $ 15,008,874 8,979,044 8,979,044 6,872,638 6,872,638 3,665,014 7,723,211 2,187,604 90,796 13,666,625 2,694,114 831,266 1,536,241 254,989 5,316,610 2,791,686 - - 216,618 3,008,304 198,285 15,327 14,560 25,279 6,662 260,113 91,249 209,766 301,015 40,300,904 8,779,570 3,738,405 25,279 569,065 53,413,223 4,786,053 - - - - 4,786,053 21,855,862 - - 163,943 22,019,805 5,824,388 8,010,146 1,064,144 - 14,898,678 2,112,989 321,666 1,801,613 - 889,027 5,125,295 - - - 380,000 1,410,000 1,790,000 - - - 130,536 623,368 753,904 34,579,292 8,331,812 2,865,757 510,536 3,086,338 49,373,735 5,721,612 447,758 872,648 (485,257) (2,517,273) 4,039,488 15,063 - - - - 15,063 - 100,000 510,536 2,034,372 2,644,908 (2,200,908) (444,000) - - (2,644,908) (2,185,845) (344,000) 510,536 2,034,372 15,063 3,535,767 103,758 872,648 25,279 (482,901) 4,054,551 39,079,923 2,254,484 2,421,260 214,829 2,766,793 46,737,289 $ 42,615,690 $ 2,358,242 $ 3,293,908 $ 240,108 $ 2,283,892 $ 50,791,840 See notes to basic financial statements 18 CITY OF AVENTURA, FLORIDA RECONCILIATION OF THE STATEMENT OF REVENUES, EXPENDITURES AND CHANGES IN FUND BALANCES OF GOVERNMENTAL FUNDS TO THE STATEMENT OF ACTIVITIES FISCAL YEAR ENDED SEPTEMBER 30, 2016 Amounts reported for governmental activities in the statement of activities (Page 15) are different because: Net change in fund balances - total governmental funds (Page 18) $ 4,054,551 Governmental funds report capital outlays as expenditures. However, in the statement of activities, the cost of those assets is allocated over their estimated useful lives and reported as depreciation expense. This is the amount by which capital outlays exceeded depreciation in the current period. The details of the difference are as follows: Capital outlay $ 5,125,295 Depreciation expense (4,772,048) Net adjustment 353,247 The net effect of various transactions involving capital assets (i.e., sales, trade-ins, and donations) is to increase (decrease) net position. (889,181) Revenues in the statement of activities that do not provide current financial resources are not reported as revenues in the funds The details of the difference are as follows: Unavailable revenue - intergovernmental 255,400 The issuance of long-term debt (e.g., bonds, master leases) provides current financial resources to governmental funds, while the repayment of the principal of long-term debt consumes the current financial resources of governmental funds. Neither transaction, however, has any effect on net position. The details of the differences are as follows: Principal payments: Notes payable 1,790,000 Some expenses reported in the statement of activities do not require the use of current financial resources and, therefore, are not reported as expenditures in governmental funds. The details of the difference are as follows: Change in OPEB liability $ (55,000) Change in accrued interest (26,687) Amortization of deferred charges (39,161) Increase in net pension liability and related expenses (5,037,238) Decrease in compensated absences 47,874 Net adjustment (5,110,212) Change in net position of governmental activities (Page 15) $ 453,805 See notes to basic financial statements 19 CITY OF AVENTURA, FLORIDA STATEMENT OF NET POSITION PROPRIETARY FUND SEPTEMBER 30, 2016 ASSETS Current assets: Cash, cash equivalents and investments Due from other governments Total current assets Capital assets: Capital assets not being depreciated Capital assets being depreciated, net Total noncurrent assets Total assets LIABILITIES Current liabilities: Accounts payable Total liabilities NET POSITION Investment in capital assets Unrestricted Total net position See notes to basic financial statements 20 Stormwater Utility Fund $ 2,188,708 129,869 2,318,577 739,274 6,070,182 6,809,456 9,128,033 53,544 53,544 6,809,456 2,265,033 $ 9,074,489 CITY OF AVENTURA, FLORIDA STATEMENT OF REVENUES, EXPENSES AND CHANGES IN NET POSITION PROPRIETARY FUND FOR THE FISCAL YEAR ENDED SEPTEMBER 30, 2016 Stormwater Utility Fund Operating revenues: Charges for services 904,116 Operating expenses Cost of sales and services 889,326 Depreciation expense 276,238 Total operating expenses 1,165,564 Operating loss (261,448) Non-operating revenues Investment income 11,154 Change in net position (250,294) Net position, beginning of year 9,324,783 Net position, end of year $ 9,074,489 See notes to basic financial statements 21 CITY OF AVENTURA, FLORIDA STATEMENT OF CASH FLOWS PROPRIETARY FUND FOR THE FISCAL YEAR ENDED SEPTEMBER 30, 2016 Cash flows from operating activities: Cash received from customers, users and others Cash paid to suppliers Net cash provided by operating activities Cash flows from capital and related financing activities: Acquisition and construction of capital assets Net cash (used in) in capital and related financing activities Cash flows provided by investing activities: Investment income received Net cash provided by investing activities Net increase in cash, cash equivalents and investments Cash, cash equivalents and investments, beginning of year Cash, cash equivalents and investments, end of year Reconciliation of operating income to net cash provided by operating activities: Operating loss Adjustments to reconcile operating loss to net cash provided by operating activities: Depreciation expense Changes in assets and liabilities: Decrease in due from other governments Decrease in accounts payable Total adjustments Net cash provided by operating activities See notes to basic financial statements 22 $ 1,416,932 (942,938) 473,994 (310,329) (310,329) 11,154 11,154 174,819 2,013,889 $ 2,188,708 $ (261,448) 276,238 512,816 (53,612) 735,442 $ 473,994 CITY OF AVENTURA, FLORIDA STATEMENT OF NET POSITION FIDUCIARY FUND - POLICE OFFICERS' RETIREMENT PLAN SEPTEMBER 30, 2016 ASSETS Investments, at fair value: Common stocks, net of options and futures $ 22,232,609 U.S. Government securities 3,548,606 Hedge funds 2,137,761 Corporate bonds 2,700,467 Money market funds 2,096,910 Real estate 1,411,829 Total investments 34,128,182 Receivables: Other receivables 504 City contribution receivable 44,785 Accrued investment income 75,212 Total receivables 120,501 Prepaid expenses 39,374 Total assets 34,288,057 LIABILITIES Accounts payable 6,957 Due for securities purchased 136,134 Total liabilities 143,091 Net position restricted for pensions $ 34,144,966 See notes to basic financial statements 23 CITY OF AVENTURA, FLORIDA STATEMENT OF CHANGES IN NET POSITION FIDUCIARY FUND - POLICE OFFICERS' RETIREMENT PLAN FOR THE FISCAL YEAR ENDED SEPTEMBER 30, 2016 Additions: Contributions: Employer $ 1,355,957 Employees 863,770 State of Florida, premium tax 342,209 Total contributions 2,561,936 Investment income: Net appreciation in fair value of investments 1,799,636 Interest and dividend income 640,024 Total investment income 2,439,660 Less: investment expenses (281,497) Net investment income 2,158,163 Total additions 4,720,099 Deductions: Administrative expenses 72,337 Benefits paid 441,546 Refund of contributions 147,008 Total deductions 660,891 Change in net position 4,059,208 Net position restricted for pensions, beginning of year 30,085,758 Net position restricted for pensions, end of year $ 34,144,966 See notes to basic financial statements 24 NOTES TO BASIC FINANCIAL STATEMENTS CITY OF AVENTURA, FLORIDA NOTES TO BASIC FINANCIAL STATEMENTS SEPTEMBER 30, 2016 NOTE 1 -SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES The City of Aventura, Florida (the "City") was incorporated on November 7, 1995. The City operates under a commission -manager form of government and provides the following full range of municipal services as authorized by its charter: public safety, highways and streets, building, licensing and code compliance, culture and recreation, public works and stormwater management, public records and general administrative services. The Comprehensive Annual Financial Report (the "CAFR") of the City includes all funds. The financial statements of the City have been prepared to conform with accounting principles generally accepted in the United States of America ("GAAP") as applicable to state and local governments. The Governmental Accounting Standards Board ("GASB") is the accepted standard-setting body for establishing governmental accounting and financial reporting principles. Significant accounting and reporting policies and practices used by the City are described below: A. Financial Reporting Entity The financial statements were prepared in accordance with Government Accounting Standards, which establishes standards for defining and reporting on the financial reporting entity. The definition of the financial reporting entity is based upon the concept that elected officials are accountable to their constituents for their actions. One of the objectives of financial reporting is to provide users of financial statements with a basis for assessing the accountability of the elected officials. The financial reporting entity consists of the City, organizations for which the City is financially accountable and other organizations for which the nature and significance of their relationship with the City are such that exclusion would cause the reporting entity's financials statements to be misleading or incomplete. The City is financially accountable for a component unit if it appoints a voting majority of the organization's governing board and it is able to impose its will on that organization or there is a potential for the organization to provide specific financial benefits to, or impose specific financial burdens on the City of Aventura. Based upon the application of these criteria, there were no organizations that met the criteria described above. B. Government Wide and Fund Financial Statements The basic financial statements include both government -wide (based on the City as a whole) and fund financial statements. The government -wide financial statements (i.e., the statement of net position and the statement of activities) report information on all activities of the City. As a general rule, the effect of interfund services provided and used has been eliminated from these statements. Governmental activities, which normally are supported by taxes and intergovernmental revenues, are reported separately from business -type activities, which rely to a significant extent on fees and charges for services. The government -wide statement of activities demonstrates the degree to which the direct expenses of a given function or segment is offset by program revenues. Direct expenses are those expenses that are clearly identifiable with a specific function or segment. Program revenues include: 1) charges to customers or applicants who purchase, use or directly benefit from goods, services or privileges provided by a given function or segment and 2) grants and contributions that are restricted to meeting the operation or capital requirements of a particular function or segment. Taxes and other items not properly included among program revenues are reported instead as general revenues. The net cost (by function) is normally covered by general revenue (i.e., property taxes, sales taxes, franchise taxes, unrestricted intergovernmental revenues, interest income, etc.) 25 CITY OF AVENTURA, FLORIDA NOTES TO BASIC FINANCIAL STATEMENTS SEPTEMBER 30, 2016 NOTE 1 - SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES (Continued) B. Government Wide and Fund Financial Statements (Continued) Separate fund financial statements are provided for governmental funds, proprietary funds and fiduciary funds, even though the latter are excluded from the government -wide financial statements. The focus of fund financial statements is on major funds. Major individual governmental funds and the major individual enterprise fund are reported as separate columns in the fund financial statements. GASB Statement No. 34 sets forth minimum criteria (percentage of assets/deferred outflows, liabilities/deferred inflows, revenues or expenditures/expenses of either fund category for the governmental and enterprise, combined or funds that management deems of public importance) for the determination of major funds. The nonmajor funds are combined and presented in a single column in the fund financial statements. The government -wide -focus is more on the -sustainability of the City as an entity and the -change in aggregate financial position resulting from the activities of the fiscal period. The focus of the fund financial statements is on the major individual funds of the governmental and business -type categories, (by category). Each presentation provides valuable information that can be analyzed and compared to enhance the usefulness of the information. C. Measurement Focus, Basis of Accounting and Financial Statement Presentation The government -wide financial statements are reported using the economic resources measurement focus and the accrual basis of accounting, as are the proprietary and fiduciary fund financial statements. Revenues are recorded when earned and, expenses are recorded when a liability is incurred, regardless of the timing of related cash flows. Property taxes are recognized as revenues in the year when an enforceable lien exists and when levied for Grants and similar items are recognized as revenues as soon as all eligibility requirements imposed by the provider have been met. Governmental fund financial statements are reported using the current financial resources measurement focus and the modified accrual basis of accounting. Revenues are recognized as soon as they are both measurable and available. Revenues are considered to be available when they are collectible within the current period or soon enough thereafter to pay liabilities of the current period. For this purpose, the government considers revenues to be available if they are collected within 60 days of the end of the current fiscal period. Expenditures generally are recorded when a liability is incurred, as under accrual accounting. However, debt service expenditures, as well as expenditures related to compensated absences, pension, other postemployment benefits and claims and judgments, are recorded only when due. Property taxes when levied for, franchise fees, utility taxes, charges for services, impact fees, intergovernmental revenues when eligibility requirements are met and investment income associated with the current fiscal period are all considered to be measurable and have been recognized as revenues of the current fiscal period, if available. All other revenue items such as fines and forfeitures and licenses and permits are considered to be measurable and available when cash is received by the City. Proprietary fund -type operating statements present increases (e.g., revenues) and decreases (e.g., expenses) in net total position. Proprietary funds distinguish operating revenues and expenses from non-operating items. Operating revenues and expenses generally result from providing services and producing and delivering goods in connection with a proprietary fund's principal ongoing operations. The principal operating revenues of the proprietary fund are charges to customers for sales and services. Operating expenses for proprietary funds include the costs of sales and services, administrative expenses and depreciation on capital assets. All revenues and expenses that do not meet this definition are reported as non-operating revenues or expenses. 26 CITY OF AVENTURA, FLORIDA NOTES TO BASIC FINANCIAL STATEMENTS SEPTEMBER 30, 2016 NOTE 1 - SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES (Continued) C. Measurement Focus, Basis of Accounting and Financial Statement Presentation (Continued) The City reports the following major governmental funds: General Fund - This fund is the principal operating fund of the City. All general tax revenues and other receipts that are not allocated by law or contractual agreement to another fund are accounted for in this fund. Charter School Fund - This fund is used to account for revenues and expenditures from the operations of the Aventura City of Excellence School, a special revenue fund of the City. Street Maintenance Fund - This fund is used to account for revenues and expenditures, which by State Statue are designated for street maintenance and construction costs. Debt Service Fund Series 2000 - is used to account for the payment of principal, interest and other expenditures associated with the Series 2000 Revenue Bonds. The City reports the following major proprietary fund: Stormwater Utility Fund - This fund accounts for the operation of the City's stormwater system. Additionally, the government reports the following fiduciary fund type: Police Officers' Retirement Plan Fund - This fund accounts for the activities of the Police Officers' Retirement Plan that accumulates resources for pension benefits to qualifying police officers. The financial statements of the City have been prepared in accordance with generally accepted accounting principles (GAAP) as applied to governmental units. The Governmental Accounting Standards Board (GASB) is the standard setting body for governmental accounting and financial reporting. The financial statements of the City follow the guidance of GASB Statement No. 62, Codification of Accounting and Financial Reporting Guidance Contained in Pre -November 30, 1989 FASB and AICPA Pronouncements for both the government wide and proprietary fund financial statements. Governments also have the option of following subsequent FASB pronouncements for their business type activities and enterprise funds subject to this same limitation. The City has elected not to follow subsequent FASB guidance. As a general rule, the effect of interfund activity has been eliminated from the government -wide financial statements. Amounts reported as program revenues include: 1) charges to customers or applicants for goods, services or privileges provided and fines and forfeitures, 2) operating grants and contributions and 3) capital grants and contributions. Internally dedicated resources are reported as general revenues rather than as program revenues. Likewise, general revenues include all taxes. 1. Cash, cash equivalents and investments - Cash and cash equivalents are defined as demand deposits, money market accounts and other short-term investments with original maturities of three months or less from the date of acquisition. The City maintains a pooled cash account for all funds. This enables the City to invest large amounts of idle cash for short periods of time and to optimize earnings potential. Cash, cash equivalents and investments represents the amount owned by each City fund. Resources of all funds, with the exception of the pension fund, are also combined into investment pools for the purpose of maximizing investment yields. Earnings on pooled cash and investments are allocated monthly based on balances of the respective funds. The City's investments are reported at their fair value based on quoted market prices as reported by recognized security exchanges except for the Guaranteed Investment Contract which is recorded at cost and the City's investment in the Florida PRIME which is recorded at the amortized cost method. 27 CITY OF AVENTURA, FLORIDA NOTES TO BASIC FINANCIAL STATEMENTS SEPTEMBER 30, 2016 NOTE 1 - SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES (Continued) C. Measurement Focus, Basis of Accounting and Financial Statement Presentation (Continued) 1. Cash, cash equivalents and investments (Continued) - The pension plan's investments in common stocks, U.S. government securities, hedge funds, corporate bonds, and real estate are reported at fair value based on quoted market prices. Investments in money market funds are generally valued at amortized cost. 2. Receivables and pavables - Activities between funds that are representative of lending/borrowing arrangements outstanding at the end of the fiscal year are referred to as either "due to/from other funds" (the current portion of interfund loans) or "advances to/from other funds" (the noncurrent portions of interfund loans). Any residual balances outstanding between the governmental activities and business activities are reported in the government -wide financial statements as "internal balances." 3. Prepaid expenses/expenditures - Certain payments to vendors reflect costs applicable to a future accounting period and are recorded as prepaid items in both government -wide and fund financial statements. 4. Inventories - Inventories are valued at the lower of cost (first -in, first -out) or market. These amounts are reported as nonspendable in governmental fund financial statements. Inventory is accounted for using the consumption method whereby inventories are recorded as expenditures when they are used. 5. Capital assets - Capital assets purchased or acquired with an original cost of $5,000 or more are reported at historical cost or estimated historical cost. Contributed assets are reported at estimated fair value as of the date received. Additions, improvements and other capital outlays that significantly extend the useful life of an asset are capitalized. Other costs incurred for repairs and maintenance are expensed as incurred. Depreciation on all assets is provided on the straight-line basis over the following estimated useful lives: Buildings 25 Improvements other than buildings 20-30 Infrastructure 20-40 Furniture, machinery and equipment 3-20 Within governmental funds, amounts incurred for the acquisition of capital assets are reported as fund expenditures. Depreciation expense is not reported within the governmental fund financial statements. Deferred outflows/inflows of resources - In addition to assets, the statement of financial position will sometimes report a separate section for deferred outflows of resources. This separate financial statement element, deferred outflows of resources, represents a consumption of net position that applies to a future period(s) and so will not be recognized as an outflow of resources (expense/expenditure) until then. The City has pension related amounts and deferred charges on refunding that qualify for reporting in this category on the government -wide statement of net position in the amount of $2,190,899 and $450,905, respectively. Deferred charge on refunding reported results from the difference in the carrying value of refunded debt and its reacquisition price. This amount is deferred and amortized over the shorter of the life of the refunded or refunding debt. In addition to liabilities, the statement of net position will sometimes report a separate section for deferred inflows of resources. This separate financial statement element, deferred inflows of resources, represents an acquisition of net position that applies to a future period(s) and so will not be recognized as inflows of resources (revenue) until that time. The City has pension related amounts and unavailable revenues that qualify for reporting in this category in the amount of $1,302,551 and $255,400, respectively. Unavailable revenues consist of intergovernmental revenue and utility service taxes. These amounts are deferred and recognized as an inflow of resources in the period that the amounts become available. 28 CITY OF AVENTURA, FLORIDA NOTES TO BASIC FINANCIAL STATEMENTS SEPTEMBER 30, 2016 NOTE 1 - SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES (Continued) C. Measurement Focus, Basis of Accounting and Financial Statement Presentation (Continued) 7. Compensated absences payable - The City's sick leave policy permits employees to accumulate earned but unused sick pay benefits. Upon termination, sick pay is paid out, between 0 - 100% based on length of service. The City's vacation policy is that earned vacation is cumulative although limited to certain maximums based on length of service. Accumulated compensated absences are recorded in the government -wide and proprietary fund financial statements when earned. Expenditures for accumulated compensated absences have been recorded in the governmental funds only if they have matured, (e.g., resulting from employee resignations and retirements). Payments are generally paid out of the General Fund. 8. Long-term obligations - In the government -wide financial statements and proprietary fund types in the fund financial statements, long-term debt and other long-term obligations are reported as liabilities in the applicable governmental activities, business -type activities or proprietary fund type statement of net position. Bond premiums and discounts are deferred and amortized over the life of the bonds using the straight line method, which approximates the effective interest method. Bonds payable are reported net of the applicable premiums and discounts, if applicable. In the fund financial statements, governmental fund types recognize bond premiums and discounts during the current period. The face amount of debt issued is reported as other financing sources. Premiums received on debt issuances are reported as other financing sources while discounts on debt issuances are reported as other financing uses. 9. Net position - Net position in the government -wide and proprietary funds are categorized as net investment in capital assets; restricted or unrestricted. Net investment in capital assets, is the difference between the cost of capital assets, less accumulated depreciation reduced by the outstanding balances of any borrowings used for the acquisition, construction or improvement of those assets. Restricted consists of net position with constraints placed on their use by external parties (creditors, grantors, contributors, or laws or regulations of other governments) or imposed by law through constitutional provisions or enabling legislation. Unrestricted indicates that portion of net position that is available to fund future operations. Sometimes the government will fund outlays for a particular purpose from both restricted (e.g., restricted bond or grant proceeds) and unrestricted resources. In order to calculate the amounts to report as restricted — net position and unrestricted — net position in the government -wide and proprietary fund financial statements, a flow assumption must be made about the order in which the resources are considered to be applied. It is the government's policy to consider restricted — net position to have been depleted before unrestricted — net position is applied. 10. Fund balance The City follows GASB Statement No. 54, Fund Balance Reporting and Governmental Fund Type Definitions which requires that governmental fund financial statements present fund balances based on classifications that comprise a hierarchy that is based primarily on the extent to which the City is bound to honor constraints on the specific purposes for which amounts in the respective governmental funds can be spent. The classifications used in the governmental fund financial statements are as follows: 29 CITY OF AVENTURA, FLORIDA NOTES TO BASIC FINANCIAL STATEMENTS SEPTEMBER 30, 2016 NOTE 1 - SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES (Continued) C. Measurement Focus, Basis of Accounting and Financial Statement Presentation (Continued) 10. Fund balance (Continued) Nonspendable: This classification includes amounts that cannot be spent because they are either (a) not in spendable form or (b) are legally or contractually required to be maintained intact. "Not in spendable form" includes items that are not expected to be converted to cash (such as inventories and prepaid amounts) and items such as long-term amount of loans and notes receivable, as well as property acquired for resale. The corpus (or principal) of a permanent fund is an example of an amount that is legally or contractually required to be maintained intact. Restricted: This classification includes amounts for which constraints have been placed on the use of the resources either (a) externally imposed by creditors (such as through a debt covenant), grantors, contributors, or laws or regulations of other governments, or (b) imposed by law through constitutional provisions or enabling legislation. Committed: This classification includes amounts that can be used only for the specific purposes determined by a formal action of the government's highest level of decision making. The City Commission is the highest level of decision-making authority for the government that can, by adoption of an ordinance prior to the end of the fiscal year, commit fund balance. Once adopted, the limitation imposed by the ordinance remains in place until a similar action is taken (the adoption of another ordinance) to remove or revise the limitation. Assigned: This classification includes amounts that are constrained by the City's intent to be used for a specific purpose but are neither restricted nor committed. The City Commission has by resolution authorized the City Manager to assign fund balance. The City Commission may also assign fund balance as it does when appropriating fund balance to cover a gap between estimated revenue and appropriations in the subsequent year's budget. Unlike commitments, assignments generally can only exist temporarily. In other words, an additional action does not normally have to be taken for the removal of an assignment. Conversely, as discussed previously, an additional action is essential to either remove or revise a commitment. Unassigned: This classification includes the residual fund balance for the General Fund. This classification represents fund balance that has not been assigned to other funds and that has not been restricted, committed, or assigned to specific purposes within the General Fund. Unassigned fund balance may also include negative balances for any governmental fund if expenditures exceed amounts restricted, committed or assigned for those specific purposes. The City uses restricted amounts to be spent first when both restricted and unrestricted fund balance is available unless there are legal documents/contracts that prohibit doing this, such as in grant agreements requiring dollar for dollar spending. Additionally, the City would first use committed fund balance, followed by assigned fund balance and then unassigned fund balance when expenditures are incurred for purposes for which amounts in any of the unrestricted fund balance classifications could be used. KH CITY OF AVENTURA, FLORIDA NOTES TO BASIC FINANCIAL STATEMENTS SEPTEMBER 30, 2016 NOTE 1 - SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES (Continued) C. Measurement Focus, Basis of Accounting and Financial Statement Presentation (Continued) 11. Fund balance policies - The City's policy is to maintain an adequate General Fund balance to meet seasonal shortfalls in cash flow and reduce susceptibility to emergency and unanticipated expenditures and/or revenue shortfalls. Minimum Level of Unassigned Fund Balance of the General Fund At the beginning of each fiscal year, the total unassigned fund balance shall not be less than 10% of the annual General Fund revenue. In any fiscal year where the City's unassigned fund balance falls below the required 10% threshold, the City shall not budget any amounts of unassigned fund balance for the purpose of balancing the budget. In addition, the City Manager will make every effort to reestablish the minimum unassigned fund balance in a 24 — 36 month period beginning with the year from which the reserve funds fell below the 10% threshold. Hurricane/Emergency and Disaster Recovery Reserve The City's Commission has adopted a fund balance reserve policy to maintain a Hurricane/Emergency and Disaster Recovery's Operating Reserve at a minimum level of $5,000,000. 12. Net position flow of assumption - Sometimes the City will fund outlays for a particular purpose from both restricted and unrestricted resources. In order to calculate the amounts to report as restricted -net position and unrestricted -net position in the government -wide financial statements, a flow assumption must be made about the order in which resources are considered to be applied. It is the City's policy to consider restricted net position to have been depleted before unrestricted -net position is applied. 13. Encumbrances - Encumbrance accounting, under which purchase orders, contracts and other commitments for the expenditure of funds are recorded in order to reserve that portion of the applicable appropriation, is employed as an extension of formal budgetary integration. Encumbrances are recorded at the time a purchase order or other commitment is entered into. Encumbrances outstanding at year-end represent the estimated amount of expenditures which would result if unperformed purchase orders and other commitments at year-end are completed. Encumbrances lapse at year-end; however, the City generally intends to honor purchase orders and other commitments in process. As a result, encumbrances outstanding at year-end are re -appropriated in the next fiscal year and are therefore presented as committed or assigned fund balance for the subsequent year. 14. Use of estimates - The preparation of financial statements in conformity with accounting principles generally accepted in the United States of America requires management to make estimates and assumptions that affect certain reported amounts and disclosures. Accordingly, actual results could differ from those estimates. 15. Implementation of Governmental Accounting Standards Board (GASB) Statements The City implemented the following GASB Statement during the fiscal year ended September 30, 2016 that had an impact on the financial statements: GASB Statement No. 72, Fair Value Measurement and Application, which addresses accounting and financial reporting issues related to fair value measurements. GASB Statement No. 79, Certain External Investment Pools and Pool Participants, which addresses accounting and financial reporting for certain external investment pools and pool participants. 31 CITY OF AVENTURA, FLORIDA NOTES TO BASIC FINANCIAL STATEMENTS SEPTEMBER 30, 2016 NOTE 1 - SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES (Continued) 15. Implementation of Governmental Accounting Standards Board (GASB) Statements (Continued) GASB Statement No. 82, Pension Issues, an amendment of GASB Statement No. 67, No. 68, and No. 73, which addresses certain issues that have been raised with respect to Statements No. 67, Financial Reporting for Pension Plans, No. 68, Accounting and Financial Reporting for Pensions, and No. 73, Accounting and Financial Reporting for Pensions and Related Assets That Are Not within the Scope of GASB Statement 68, and Amendments to Certain Provisions of GASB Statements 67 and 68. NOTE 2 - PROPERTY TAXES Property taxes are assessed as of January 1 each year and are first billed (levied) and due the following November 1. Under Florida law, the assessment of all properties and the collection of all county, municipal, school board and special district property taxes are consolidated in the Offices of the County Property Appraiser and County Tax Collector. The laws for the State regulating tax assessments are also designed to assure a consistent property valuation method statewide. State statutes permit municipalities to levy property taxes at a rate of up to 10 mills ($10 per $1,000 of assessed taxable valuation). The millage rate assessed by the City for the year ended September 30, 2016 was 1.7261 mills. The City's tax levy is established by the City Commission prior to October 1 of each year, and the County Property Appraiser incorporates the millage into the total tax levy, which includes Miami -Dade County, Miami - Dade County School Board and certain other special taxing districts. All property is reassessed according to its fair market value as of January 1 each year. Each assessment roll is submitted to the Executive Director of the Florida Department of Revenue for review to determine if the assessment rolls meet all of the appropriate requirements of State Statutes. All real and tangible personal property taxes are due and payable on November 1 each year or as soon as practicable thereafter as the assessment roll is certified by the County Property Appraiser. Miami -Dade County mails each property owner on the assessment roll a notice of the taxes due and collects the taxes for the City. Taxes may be paid upon receipt of the notice from Miami -Dade County, with discounts at the rate of 4% if paid in the month of November, 3% if paid in the month of December, 2% if paid in the month of January and 1 % if paid in the month of February. Taxes paid during the month of March are without discount, and all unpaid taxes on real and tangible personal property become delinquent and liens are placed on April 1 of the year following the year in which the taxes were assessed. Procedures for the collection of delinquent taxes by Miami -Dade County are provided for in the laws of Florida. There were no material delinquent property taxes as of September 30, 2016. NOTE 3 - DEPOSITS AND INVESTMENTS Deposits: The City's custodial credit risk policy is in accordance with Florida Statutes. Florida Statutes authorize the deposit of City funds in demand deposits or time deposits of financial institutions approved by the State Treasurer. These are defined as public deposits. All City public deposits are held in qualified public depositories pursuant to Chapter 280, Florida Statutes, "Florida Security for Public Deposits Act." Under the act, all qualified public depositories are required to pledge eligible collateral having a market value equal to or greater than the average daily or monthly balance of all public deposits times the depository's collateral pledging level. The collateral pledging level may range from 50% to 125% depending upon the depository's financial condition and the length of time that the depository has been established. All collateral must be deposited with the State Treasurer. Any losses to public depositors resulting from insolvency are covered by applicable deposit insurance, sale of securities pledged as collateral and, if necessary, assessment against other qualified public depositories of the same type as the depository in default. The City's bank balances were insured either by the Federal depository insurance corporation or collateralized in the bank's participation in the Florida Security for Public Deposits Act. 32 CITY OF AVENTURA, FLORIDA NOTES TO BASIC FINANCIAL STATEMENTS SEPTEMBER 30, 2016 NOTE 3 - DEPOSITS AND INVESTMENTS (Continued) DeDOSItS (Continued): The Florida SBA Pool, hereinafter referred to as "Florida PRIME", is not a registrant with the Securities and Exchange Commission ("SEC"); however, its board has adopted operating procedures consistent with the requirements for a 2a-7 fund. For the Florida PRIME, a 2a-7 like pool, the value of the City's position is the same as the value of the pool shares and is recorded at amortized cost. At September 30, 2016, the City's investment in the Florida PRIME was that of $20,050,437. In accordance with these requirements, the method used to determine the participants' shares sold and redeemed is the amortized cost method. Amortized cost includes accrued income and is a method of calculating an investment's value by adjusting its acquisition cost for the amortization of discount or premium over the period from purchase to maturity. Thus, the City's account balance in the SBA is its amortized cost. The SBA is governed by Chapter 19-7 of the Florida Administrative Code. These rules provide guidance and establish the general operating procedures for the administration of the SBA. Additionally, the Office of the Auditor General of the State of Florida performs the operational audit of the activities and investment of the SBA. The SBA accounts are not subject to custodial credit risk as these investments are not evidenced by securities that exist in physical or bank entry form. In accordance with GASB Statement No. 79, Certain External Investment Pools and Pool Participants, the City's investment in the Florida PRIME meets the definition of a qualifying investment pool that measures for financial reporting purposes all of its investments at amortized cost and should disclose the presence of any limitations or restrictions on withdrawals. As of September 30, 2016, there were no redemption fees or maximum transaction amounts, or any other requirements that serve to limit a participant's daily access to 100 percent of their account value. Investments On July 8, 2014, the City re -adopted Chapter 6.6 of the Administrative Policy and Directives and Procedures Manual, entitled "Investments Objective and Parameters," as the City's Investment Policy for the management of Public Funds ("the policy"). The policy was created in accordance with Section 218.415, Florida Statutes. The policy applies to all investments held and controlled by the City, with the exception of the Police Officers' Pension Plan and its debt issuance where there are other existing policies or indentures in effect for the investment of related funds. The City's policy for investments other than pension plan and debt issuance is summarized herein. The Finance Director has responsibility for the type of investments the City makes. The investment policy establishes permitted investments, asset allocation, issuer limits, credit rating requirements and maturity limits to protect the City's assets. All investment securities are held by a Trust custodian, and are managed by financial advisors. In general, the City's policy allows to invest, in the following: (1) securities and obligations of the United States and its agencies; (2) nonnegotiable interest bearing time deposits or savings accounts provided that such deposits are secured by collateral as prescribed by the Florida Security for Public Deposits Act, Chapter 280, Florida Statutes; (3) repurchase agreements collateralized by full or general faith and credit obligations of the U. S. Government or Agency securities; (4) the Florida Local Government Surplus Funds Trust Fund "SBA"; (5) intergovernmental investment pools authorized pursuant to the Florida Interlocal Cooperation Act, provided by Section 163.01, Florida Statutes, and provided that such funds contain no derivatives; (6) money market mutual funds - registered investment companies with the highest credit quality rating; (7) commercial paper of any U.S. company; (8) corporate notes; (9) asset backed securities issued by corporations organized and operating within the United States or by depository institutions licensed by the United States; and (10) taxable/tax-exempt municipal bonds. The City policy for pension investments is under the oversight of the Plan's Board of Trustees (the "Board"). The Board contracts with investment advisory firms and approves any new investment vehicles presented by the consultants. The Board follows all applicable state statutes. 33 CITY OF AVENTURA, FLORIDA NOTES TO BASIC FINANCIAL STATEMENTS SEPTEMBER 30, 2016 NOTE 3 - DEPOSITS AND INVESTMENTS (Continued) Investments (Continued): The City has a Guaranteed Investment Contract ("GIC") that is not subject to interest rate risk classification because it is a direct contractual investment and is not a security. The GIC also is not rated for credit risk classification purposes. The GIC provides for a guaranteed return on investments over a specific period of time at a rate of 5.04% per annum. The collateral value of the GIC as of September 30, 2016 is $520,767 and is expected to continue to be sufficient to meet the reserve fund requirement for the Series 2000 Revenue Bond of a minimum of $500,000. The GIC is recorded at the contract amount which is $500,594. As of September 30, 2016, the City's cash, cash equivalents and investments consisted of the following: Cash and cash equivalents and investments: State Board of Administration - SBA, Florida PRIME $ 20,050,437 Deposits with financial institutions 16,380,965 U.S. Treasury bills 5,385,238 U.S. Government obligations 5,643,717 Corporate bonds 4,200,662 Asset backed securities 1,467,002 Guaranteed investment contract 500,594 Commercial paper 499,297 Mortgage-backed securities 1,259,507 Petty cash 2,707 55,390,126 Fiduciary fund investments Common stocks, net of options and futures 22,232,609 U.S. Government securities 3,548,606 Hedge funds 2,137,761 Corporate bonds 2,700,467 Money market funds 2,096,910 Real estate 1,411,829 34,128,182 $ 89,518,308 34 CITY OF AVENTURA, FLORIDA NOTES TO BASIC FINANCIAL STATEMENTS SEPTEMBER 30, 2016 NOTE 3 - DEPOSITS AND INVESTMENTS (Continued) Investments (Continued): Cash, cash equivalents and investments are classified in the accompanying financial statements as follows: Statement of Net Position: Cash, cash equivalents and investments $ 54,889,532 Restricted cash, cash equivalents and investments 500,594 55,390,126 Statement of Net Position - Fiduciary Fund: Common stocks, net of options and futures 22,232,609 U.S. Government securities 3,548,606 Hedge funds 2,137,761 Corporate bonds 2,700,467 Money market funds 2,096,910 Real estate 1,411,829 34,128,182 $ 89,518,308 Interest rate risk The City's policy is to limit its exposure to fair value losses arising from changes in interest rates by structuring the investment portfolio so that securities mature to meet cash requirements for ongoing operations, thereby avoiding the need to sell securities on the open market prior to maturity, and investing operating funds primarily in shorter -term securities, money market mutual funds or similar investment pools. This is the risk that changes in market interest rates will adversely affect the fair value of an investment. Generally, the longer the maturity of an investment, the greater the sensitivity of its fair value to changes in market interest rates. The City's policy is that unless matched with specific cash flow, the City will not directly invest in securities maturing more than seven (7) years from the date of purchase. Because of inherent difficulties in accurately forecasting cash flow requirements, a portion of the portfolio should be continuously invested in readily available funds to ensure that proper liquidity is maintained to meet ongoing obligations. The City does not have a formal investment policy for its pension funds that limits investment maturities as a means of managing its exposure to fair value losses arising from increasing interest rates. The dollar weighted average days to maturity (WAM) of Florida PRIME at September 30, 2016, is 50 days. Next interest rate reset dates for floating rate securities are used in the calculation of the WAM. The weighted average like (WAL) of Florida PRIME at September 30, 2016, is 70 days. 35 CITY OF AVENTURA, FLORIDA NOTES TO BASIC FINANCIAL STATEMENTS SEPTEMBER 30, 2016 NOTE 3 - DEPOSITS AND INVESTMENTS (Continued) Interest rate risk (Continued) Information about the exposure of the City's debt -type investments to this risk using the segmented time distribution model is as follows: Credit Risk Generally, credit risk is the risk that an issuer of a debt -type investment will not fulfill its obligation to the holder of the investment. This is measured by assignment of a rating by a nationally -recognized rating organization. The City's investment policy provides strict guidelines and limits investments to highly rated securities with minimum ratings of A (long term securities), A -1/P-1 (short term securities), and AAAm (money market mutual funds). The Finance Director shall determine the appropriate action for any investment held that is downgraded below the minimum rating by one or more rating agencies. U.S. government securities or obligations explicitly guaranteed by the U.S. government are not considered to have credit risk exposure. The pension fund limits its credit risk by limiting its fixed income investments to securities with the top (4) ratings issued by nationally recognized statistical rating organizations. KE Time to Maturity (in Years) Greater Summary of Investments Fair Less Than 1-5 6-10 Than and Interest Rate Risk Value 1 Year Years Years 10 Years City Investments: State Board of Administration - SBA, Florida PRIME $ 20,050,437 $ 20,050,437 $ - $ $ U.S. Treasury bills 5,385,238 1,296,255 4,088,983 U.S. Government obligations 5,643,717 885,613 4,758,104 Corporate bonds 4,200,662 958,440 3,242,222 Asset backed securities 1,467,002 54,025 1,412,977 Collateralized mortgage obligations - - - Commercial paper 499,297 499,297 Municipal obligations - - - Mortgage-backed securities 1,259,507 102,916 1,091,056 65,535 Subtotal - City Investments 38,505,860 23,846,983 14,593,342 65,535 Fiduciary Fund: U.S. Government securities 3,548,606 501,021 2,296,366 751,219 Corporate bonds 2,700,467 301,090 1,948,742 450,635 Subtotal - Fiduciary Fund 6,249,073 802,111 4,245,108 1,201,854 Total investments $ 44,754,933 $ 24,649,094 $ 18,838,450 $ 1,267,389 $ Credit Risk Generally, credit risk is the risk that an issuer of a debt -type investment will not fulfill its obligation to the holder of the investment. This is measured by assignment of a rating by a nationally -recognized rating organization. The City's investment policy provides strict guidelines and limits investments to highly rated securities with minimum ratings of A (long term securities), A -1/P-1 (short term securities), and AAAm (money market mutual funds). The Finance Director shall determine the appropriate action for any investment held that is downgraded below the minimum rating by one or more rating agencies. U.S. government securities or obligations explicitly guaranteed by the U.S. government are not considered to have credit risk exposure. The pension fund limits its credit risk by limiting its fixed income investments to securities with the top (4) ratings issued by nationally recognized statistical rating organizations. KE CITY OF AVENTURA, FLORIDA NOTES TO BASIC FINANCIAL STATEMENTS SEPTEMBER 30, 2016 NOTE 3 - DEPOSITS AND INVESTMENTS (Continued) Credit Risk (Continued) The City's and fiduciary fund's portfolio is rated by Standard & Poor's and Moody's Investor Services, respectively, as follows: Rating City Investments: P-1 / A-1 AAAm Aaa / AAA Aaa / AA+ Aa 3 / AA- Aa3 / A- Aa2 / AA Aa2/A Aa 1 / AA+ Al /A Al /AA A2/A A3/A A3/BBB+ Fiduciary Fund: Al A2 A3 Aa3 AAA Baal Unrated 37 Fair Value $ 1,110,468 20,050,437 1,492,003 11,778,024 663,065 157,475 571,885 305,881 199,752 414,866 540,541 397,025 299,496 524,940 38,505,860 603,038 1,172,996 159,705 254,083 3,180,224 127,553 751,474 6,249,073 $ 44,754,933 CITY OF AVENTURA, FLORIDA NOTES TO BASIC FINANCIAL STATEMENTS SEPTEMBER 30, 2016 NOTE 3 - DEPOSITS AND INVESTMENTS (Continued) Concentration The City's policy is to maintain a diversified portfolio to minimize the risk of loss resulting from concentration of assets in a specific issuer. Specific limits have been established which limit the percentage of portfolio assets that can be invested with a specific issuer. GASB Statement No. 40, Deposit and Investment Risk Disclosures, requires disclosure when the percentage is 5% or more in any one issuer. Investments issued or explicitly guaranteed by the U.S. government and investments in mutual funds external investments pools, or other pooled investments are excluded from this requirement. At September 30, 2016, the City had investments in the Federal National Mortgage Association (Fannie Mae), Federal Home Loan Mortgage Corporation (Freddie Mac) and the Federal Home Loan Banks (FHLB) amounting to 9%, 5% and 14%, respectively, of the total investments held by the City. The pension fund limits investments that may be invested in any one issuer to no more than 5% of plan's net position, other than those issued by the U.S. Government or its Agencies. More than 5% of the plan's net position is invested in debt securities issued by the Unites States Treasury. The United States Treasury investments represented 8% of Plan's Net Position. Given the restriction to the highest rating, this concentration is not viewed to be an additional risk to the City. Custodial credit risk For an investment, custodial credit risk is the risk that, in the event of the failure of the counterparty (e.g., broker- dealer) to a transaction, a government will not be able to recover the value of its investment or collateral securities that are in the possession of another party. The City's investment policy requires securities, with the exception of certificates of deposit, to be registered in the City's name and held with a third party custodian. Foreign credit risk For an investment, foreign credit risk is the risk that fluctuations in currency exchange rates may affect transactions conducted in currencies other than U.S. dollars and the carrying value of foreign investments. The City is not exposed to foreign credit risk. The pension fund's investments include American Depository Receipts ("ADRs"), which are non -U.S. equity issued in U.S. dollars and have no foreign credit risk. The total of the investments in foreign securities, all of which are ADRs, is $3,958,791. The investment policy limits the foreign investments to no more than 12.5% of the plan's investments balance. At September 30, 2016, these foreign investments were 15% of the total investments. NOTE 4 - FAIR VALUE MEASUREMENTS During the fiscal year 2016, the City implemented Governmental Accounting Standard Board (GASB) Statement No. 72, Fair Value Measurement and Application, which addresses accounting and financial reporting issues related to fair value measurements. The City categorizes its fair value measurements within the fair value hierarchy established by generally accepted accounting principles. The hierarchy is based on the valuation inputs used to measure the fair value of the asset. Level 1 inputs are quoted prices in active markets for identical assets; Level 2 inputs are significant other observable inputs; Level 3 inputs are significant unobservable inputs. W CITY OF AVENTURA, FLORIDA NOTES TO BASIC FINANCIAL STATEMENTS SEPTEMBER 30, 2016 NOTE 4 - FAIR VALUE MEASUREMENTS (Continued) The City has the following recurring fair value measurements as of September 30, 2016; Investments measured at the Net Asset Value (NAV)(a) Hedge funds Real estate fund Subtotal - Investments measured at the NAV Money market funds (exempt) Subtotal - Fiduciary Fund Total investments 2,137,761 1,411,829 3,549,590 2,084,725 34,115,997 $ 52,571,420 $ 22,232,609 $ 24,704,496 $ (a) As required by GAAP, certain investments that are measured at net asset value have not been classified in the fair value hierarchy. The fair value amounts presented in this table are intended to permit reconciliation of the fair value hierarchy to the total investment line item in the Statement of Fiduciary Net Position. City Investments: The City's Debt Securities of approximately $18,455,423 classified in Level 2 of the fair value hierarchy are valued using a matrix pricing technique. Matrix pricing is used to value securities based on the securities' relationship to benchmark quoted prices. KE Fair Value Measurements at Reporting Date Quoted Prices Significant in Active Other Significant Markets for Observable Unobservable Identical Assets Inputs Inputs September 30, 2016 Fair Value Level 1 Level 2 Level 3 City Investments: U.S. Treasury bills $ 5,385,238 $ $ 5,385,238 $ U.S. Government obligations 5,643,717 5,643,717 Corporate bonds 4,200,662 4,200,662 Asset backed securities 1,467,002 1,467,002 Commercial paper 499,297 499,297 Mortgage-backed securities 1,259,507 1,259,507 Subtotal - City Investments 18,455,423 18,455,423 Fiduciary Fund: Common Stocks 22,232,609 22,232,609 - U.S. Government securities 3,548,606 - 3,548,606 Corporate bonds 2,700,467 - 2,700,467 Subtotal - Investments by fair value level 28,481,682 22,232,609 6,249,073 Investments measured at the Net Asset Value (NAV)(a) Hedge funds Real estate fund Subtotal - Investments measured at the NAV Money market funds (exempt) Subtotal - Fiduciary Fund Total investments 2,137,761 1,411,829 3,549,590 2,084,725 34,115,997 $ 52,571,420 $ 22,232,609 $ 24,704,496 $ (a) As required by GAAP, certain investments that are measured at net asset value have not been classified in the fair value hierarchy. The fair value amounts presented in this table are intended to permit reconciliation of the fair value hierarchy to the total investment line item in the Statement of Fiduciary Net Position. City Investments: The City's Debt Securities of approximately $18,455,423 classified in Level 2 of the fair value hierarchy are valued using a matrix pricing technique. Matrix pricing is used to value securities based on the securities' relationship to benchmark quoted prices. KE CITY OF AVENTURA, FLORIDA NOTES TO BASIC FINANCIAL STATEMENTS SEPTEMBER 30, 2016 NOTE 4 - FAIR VALUE MEASUREMENTS (Continued) Fiduciary Fund: The following is a description of the valuation methodologies used for asset measured at fair value. • Common stock: Valued at the closing price reported on the New York Stock Exchange. • Government securities: Valued using pricing models maximizing the use of observable inputs for similar securities. • Corporate bonds: Valued using pricing models maximizing the use of observable inputs for similar securities. This includes basing the value on yields currently available on comparable securities of issuers with similar credit ratings. When quoted prices are not available for identical or similar bonds, the bond is valued under a discounted cash flows approach that maximizes observable inputs, such as current yield of similar instruments, but includes adjustments for certain risks that may not be observable, such as credit and liquidity risks or a broker quote, if available. • Hedge funds: Value based on the net asset value per share, without further adjustment. Net asset value is based upon the fair value of the underlying investment. • Real estate: Valued at the net asset value of shares held by the Plan at year end. The Plan has investments in private market real estate investments for which no liquid public market exists. • The Plan has investment in a private market real estate investment for which no liquid public market exists. The following table summarizes investments for which fair value is measured using the net asset value per share practical expedient, including their related unfunded commitments and redemption restrictions: Invesments Measured at the NAV (1) Hedge fund: The fund is a multi -strategy fund of hedge funds that aims to pursue varying strategies in order to diversify risk and reduce volatility. The fund is a diversified portfolio offering investment solutions through activist long/short equity, credit/special situations, event driven and arbitrage, global long/short equity and other opportunistic situations. The investment is valued at NAV and is redeemable on a quarterly basis. (2) Hedge fund: The fund is a diversified commingled fund, seeking to produce long-term, risk-adjusted returns through investments utilizing venture capital, buyout, distressed debt, long/short equity, low volatility multi - strategy, and similar partnership strategies. The investment is valued at NAV and is redeemable on a semi- annual basis. 40 Unfunded Redemption Frequency Redemption Fair Value Commitments (if Currently Eligible) Notice Period Hedge fund (1) $ 924,722 $ - Quarterly 90 Days Hedge fund (2) 406,693 - Semi -Annual 95 Days Hedge fund (3) 806,346 - Quarterly 95 Days Real estate fund (4) 1,411,829 - Quarterly 65 Days Total investments measured at the NAV $ 3,549,590 $ - (1) Hedge fund: The fund is a multi -strategy fund of hedge funds that aims to pursue varying strategies in order to diversify risk and reduce volatility. The fund is a diversified portfolio offering investment solutions through activist long/short equity, credit/special situations, event driven and arbitrage, global long/short equity and other opportunistic situations. The investment is valued at NAV and is redeemable on a quarterly basis. (2) Hedge fund: The fund is a diversified commingled fund, seeking to produce long-term, risk-adjusted returns through investments utilizing venture capital, buyout, distressed debt, long/short equity, low volatility multi - strategy, and similar partnership strategies. The investment is valued at NAV and is redeemable on a semi- annual basis. 40 CITY OF AVENTURA, FLORIDA NOTES TO BASIC FINANCIAL STATEMENTS SEPTEMBER 30, 2016 NOTE 4 - FAIR VALUE MEASUREMENTS (Continued) Fiduciary Fund (Continued): (3) Hedge fund: The fund is a diversified portfolio of relative value and event driven hedge funds with a focus on credit strategies. The fund seeks to invest with managers that demonstrate limited exposure to eight key sources of risk, including market risks (equities, interest rates, currencies, commodities, and unsecured credit) and trading risks (excessive leverage, asset/liability mismatch, and high concentration). The investment is valued at NAV and is redeemable on a quarterly basis. (4) Real estate fund: The fund is an open-end core real estate fund with a diversified portfolio of income producing properties located throughout the United States. The investment is valued at NAV and is redeemable on a quarterly basis. NOTE 5 — RECEIVABLES Receivables as of September 30, 2016 for the City's individual major funds and non -major funds in the aggregate consist of the following: NOTE 6 - INTERFUND TRANSFERS Interfund transfers during the year ended September 30, 2016 were as follows: General Fund Charter School Fund Debt Service Fund Series 2000 Nonmajor governmental funds Transfers Transfers In Out $ - $ 2,200,908 100,000 444,000 510,536 - 2,034,372 - $ 2,644,908 $ 2,644,908 Transfers are used to: (1) move revenues from the fund that statute or budget requires to collect them, to the fund that statute or budget requires to expend them from or (2) use of unrestricted revenues collected in the General Fund to finance various programs accounted for in other funds in accordance with budgetary authorizations. The transfer to the Charter School Fund consists of $100,000 from the General Fund which is being used to support future capital projects occurring in the Charter School Special Revenue Fund. The remaining transfers represent transfers to meet debt service requirements in the Debt Service Funds. 41 Street Charter Nonmajor General Maintenance School Stormwater Governmental Fund Fund Fund Fund Funds Total Receivables: Franchise and utility $ 510,259 $ - $ - $ - $ - $ 510,259 Intergovernmental 613,671 511,106 12,405 129,869 459 1,267,510 Police services 167,400 - - - - 167,400 Vendors and miscellaneous 97,166 3,471 - 35,400 136,037 Net total receivables $ 1,388,496 $ 511,106 $ 15,876 $ 129,869 $ 35,859 $ 2,081,206 NOTE 6 - INTERFUND TRANSFERS Interfund transfers during the year ended September 30, 2016 were as follows: General Fund Charter School Fund Debt Service Fund Series 2000 Nonmajor governmental funds Transfers Transfers In Out $ - $ 2,200,908 100,000 444,000 510,536 - 2,034,372 - $ 2,644,908 $ 2,644,908 Transfers are used to: (1) move revenues from the fund that statute or budget requires to collect them, to the fund that statute or budget requires to expend them from or (2) use of unrestricted revenues collected in the General Fund to finance various programs accounted for in other funds in accordance with budgetary authorizations. The transfer to the Charter School Fund consists of $100,000 from the General Fund which is being used to support future capital projects occurring in the Charter School Special Revenue Fund. The remaining transfers represent transfers to meet debt service requirements in the Debt Service Funds. 41 CITY OF AVENTURA, FLORIDA NOTES TO BASIC FINANCIAL STATEMENTS SEPTEMBER 30, 2016 NOTE 7 - CAPITAL ASSETS Capital assets activity for the year ended September 30, 2016 was as follows: Balance Retirements Balance September 30, and September 30, 2015 Additions Transfers 2016 Governmental activities: Capital assets, not being depreciated: Land $ 21,022,864 $ - $ - $ 21,022,864 Construction in progress 1,212,986 2,950,858 (916,083) 3,247,761 Total capital assets, not being depreciated 22,235,850 2,950,858 (916,083) 24,270,625 Capital assets, being depreciated: Buildings 49,094,273 - - 49,094,273 Improvements other than buildings 13,424,025 - - 13,424,025 Infrastructure 39,747,919 713,239 (368,875) 40,092,283 Furniture, machinery and equipment 17,493,882 1,724,445 (258,083) 18,960,244 Total capital assets, being depreciated 119,760,099 2,437,684 (626,958) 121,570,825 Less accumulated depreciation for: Buildings 14,132,380 1,491,372 - 15,623,752 Improvements other than buildings 4,585,205 512,404 - 5,097,609 Infrastructure 18,435,441 1,466,284 (148,264) 19,753,461 Furniture, machinery and equipment 12,318,808 1,301,989 (242,348) 13,378,449 Total accumulated depreciation 49,471,834 4,772,048 (390,612) 53,853,270 Total capital assets, being depreciated, net 70,288,265 (2,334,364) (236,346) 67,717,555 Governmental activities capital assets, net $ 92,524,115 $ 616,494 $ (1,152,429) $ 91,988,180 Business -type activities: Capital assets, not being depreciated: Construction in progress $ 427,437 $ 322,167 $ (10,330) $ 739,274 Total capital assets, not being depreciated 427,437 322,167 (10,330) 739,274 Capital assets, being depreciated: Infrastructure 9,771,703 - - 9,771,703 Less accumulated depreciation 3,423,775 276,238 1,508 3,701,521 Total capital assets, being depreciated, net 6,347,928 (276,238) (1,508) 6,070,182 Business -type activities capital assets, net $ 6,775,365 $ 45,929 $ (11,838) $ 6,809,456 42 CITY OF AVENTURA, FLORIDA NOTES TO BASIC FINANCIAL STATEMENTS SEPTEMBER 30, 2016 NOTE 7 - CAPITAL ASSETS (Continued) Depreciation expense was charged to functions/programs of the primary government as follows: Governmental activities: Balance General government $ 398,582 Public safety 1,036,274 Community services 3,337,192 $ 4,772,048 Business -type activities: Due Within Stormwater utility $ 276,238 NOTE 8 - LONG-TERM LIABILITIES OF GOVERNMENTAL ACTIVITIES Changes in Governmental Activities long-term liabilities during the year ended September 30, 2016 were as follows: Compensated absences, net pension liability and other post -employment benefits attributable to governmental activities are generally liquidated by the General Fund. 43 Balance Balance September 30, September 30, Due Within 2015 Additions Reductions 2016 One Year pries 2000 Revenue onds payable $ 2,590,000 $ $ (380,000) $ 2,210,000 $ 395,000 pries 2010 Refunding evenue Bonds payable 8,585,000 (485,000) 8,100,000 505,000 !ries 2011 Refunding evenue Bonds payable 4,620,000 (260,000) 4,360,000 270,000 !ries 2012 Refunding evenue Bonds payable 8,010,000 (665,000) 7,345,000 680,000 )mpensated absences 3yable 3,171,008 1,391,029 (1,438,904) 3,123,133 1,109,853 �t Pension Liability 3,063,824 8,102,532 (3,729,181) 7,437,175 - her post -employment mefits 376,000 55,000 431,000 - $ 30,415,832 $ 9,548,561 $ (6,958,085) $ 33,006,308 $ 2,959,853 Compensated absences, net pension liability and other post -employment benefits attributable to governmental activities are generally liquidated by the General Fund. 43 CITY OF AVENTURA, FLORIDA NOTES TO BASIC FINANCIAL STATEMENTS SEPTEMBER 30, 2016 NOTE 8 - LONG-TERM LIABILITIES OF GOVERNMENTAL ACTIVITIES (Continued) Revenue bonds as of September 30, 2016 were comprised of the following: Series 2000 Revenue Bonds, principal is due annually over 20 years in various amounts through October 2020. The bonds bear interest at 5.04% and are payable semi-annually on October 1 and April 1 of each year. The bonds are collateralized by available Non -Ad Valorem revenues. $ 2,210,000 Series 2010 Refunding Revenue Bonds, principal is due annually over 18 years in various amounts through April 2029. The bonds bear interest at 3.42% and are payable semi-annually on October 1 and April 1 of each year. The bonds are collateralized by available Non -Ad Valorem revenues. 8,100,000 Series 2011 Refunding Revenue Bonds, principal is due annually over 18 years in various amounts through April 2029. The bonds bear interest at 3.64% and are payable semi-annually on October 1 and April 1 of each year. The bonds are collateralized by available Non -Ad Valorem revenues. 4,360,000 Series 2012 Refunding Revenue Bonds, principal is due annually over 15 years in various amounts through August 2027. The bonds bear interest at 2.18% and are payable semi-annually on February 1 and August 1 of each year. The bonds are collateralized by available Non -Ad Valorem revenues. 7,345,000 $ 22,015,000 Series 2000 Revenue Bonds The City previously issued $6,555,000 in Series 2000 Revenue Bonds to finance the acquisition of land for parks and recreational purposes and for the construction of a community recreation center. The bond indenture relating to this issue requires that a reserve fund of $500,000 be established, the balance of which as of September 30, 2016 was sufficient to meet this requirement. The indenture also requires the maintenance of a minimum debt service coverage ratio of 2.50:1.00. Series 2010 and 2011 Refunding Revenue Bonds The City previously issued $21,000,000 in Series 1999 Revenue Bonds to finance the acquisition of land, buildings and other improvements related to municipal parks and the City's administrative complex and police station. At September 30, 2014, this bond series was fully defeased. In fiscal year 2010, the City issued Series 2010 Refunding Revenue Bonds to partially advance refund $10,580,000 of the then outstanding Series 1999 Revenue Bonds. In fiscal year 2011, the City issued Series 2011 Refunding Revenue Bonds to advance refund the remaining $5,700,000 of the then outstanding Series 1999 Revenue Bonds. The City refunded the Series 1999 Revenue Bonds to reduce its aggregate debt service payments by approximately $3,166,000. Series 2012 Refunding Revenue Bonds The City previously entered into a bond indenture agreement with the Florida Intergovernmental Finance Commission through an interlocal governmental agreement. As a result, the City issued $12,610,000 in Series 2002 Revenue Bonds to finance the acquisition of land and construction of a charter school as well as the construction of the community recreation center. At September 30, 2014, this bond series was fully defeased. 44 CITY OF AVENTURA, FLORIDA NOTES TO BASIC FINANCIAL STATEMENTS SEPTEMBER 30, 2016 NOTE 8 - LONG-TERM LIABILITIES OF GOVERNMENTAL ACTIVITIES (Continued) Series 2012 Refunding Revenue Bonds (continued) In fiscal year 2012, the City issued $9,885,000 in Series 2012 Refunding Revenue Bonds to advance refund $10,165,000 (including a City contribution of approximately $598,000) of the then outstanding Series 2002 Revenue Bonds. The City advance refunded the Series 2002 Revenue Bonds to reduce its total debt service payments by approximately $3,810,000. The annual debt service requirements to maturity for the revenue bonds are approximately as follows: Year Ending September 30. Principal Interest Total 2017 $ 1,850,000 $ 693,680 $ 2,543,680 2018 1,820,000 631,325 2,451,325 2019 1,880,000 568,749 2,448,749 2020 2,455,000 503,875 2,958,875 2021 1,525,000 410,995 1,935,995 2022-2026 8,365,000 1,342,751 9,707,751 2027-2029 4,120,000 196,585 4,316,585 $ 22,015,000 $ 4,347,957 $ 26,362,957 NOTE 9 - COMMITMENTS AND CONTINGENCIES Litigation: Various claims and lawsuits, which arise in the normal course of operations, are pending against the City. It is management's opinion, based on the advice of the City Attorney, that the outcome of these actions will not have a material adverse effect on the financial statements of the City. Management also believes that any possible adverse effect on litigation against the City will be covered by insurance. Government grants: Revenue recognized from grants may be subject to audit by the grantor agencies. In the opinion of City management, as a result of such audits, disallowances of grant revenues, if any, would not have a material adverse effect on the City's financial condition. Employment agreement: The City has an employment contract with its City Manager that provides for an annual salary, adjusted for cost - of -living increases and certain benefits. This agreement is effective for an indefinite term subject to termination of the City Manager by the City Commission in accordance with Article I II, Section 3.08 of the City Charter. The City Manager must provide six (6) months advance written notice to resign voluntarily. 45 CITY OF AVENTURA, FLORIDA NOTES TO BASIC FINANCIAL STATEMENTS SEPTEMBER 30, 2016 NOTE 9 - COMMITMENTS AND CONTINGENCIES (Continued) Charter school agreements: The City has a contract with the School Board of Miami -Dade County, Florida, that allows for Aventura City of Excellence School to provide the residents of the City of Aventura an elementary and middle school education choice. In 2012, the City Commission acting in their capacity as the School's Governing Board, signed their third contract amendment with the County to increase the School's capacity from 972 to 1032 students over five years, commencing with the school year 2012/2013. The contract ends on June 30, 2018 but provides for a renewal of up to 15 years by mutual agreement of both parties. The City previously entered into an agreement with Charter School USA, Inc. ("CSUSA") to provide administrative and educational services for the City's charter school. The agreement expired on June 30, 2013 and both parties agreed to a five-year renewal term through June 30, 2018. The renewed agreement provides for an additional renewal term of up to five years upon agreement of both parties and provided the Miami -Dade County School Board extends the charter granted to the City. Other agreements: The City has a three-year nonexclusive agreement with an engineering consulting firm (the "Consultant") to provide building inspections and plan review services. Pursuant to the agreement, the Consultant receives 70% of the gross building permit fee revenues for the first $50,000 in fees in a month and 65% of the amount in excess of $50,000 per month. However, the Consultant receives 35% of the permit fee for all projects owned, paid for and to be operated by the City. The agreement may be renewed for one additional three-year term. Pension funding: Economic developments surrounding the overall market -liquidity, credit availability and market collateral levels may result in declines in the value of the investment securities held by the Police Officers' Retirement Plan. Consequently, the City's required contribution amount to the Plan, which is necessary to maintain the actuarial soundness and to provide the level of assets sufficient to meet participant benefits, could significantly increase in future periods. It is management's opinion that future contributions to the Plan will not have a material adverse effect on the City's financial position. Construction aareements The City has entered into various agreements in reference to the construction and maintenance of the City streets and other infrastructure projects. At year-end, outstanding construction commitments amounted to approximately $1,644,097. Encumbrances: As discussed in Note 1(12.) Summary of Significant Accounting Policies, encumbrance accounting is utilized to the extent necessary to assure effective budgetary control and accountability and to facilitate effective cash planning and control. At year end the amount of encumbrances expected to be honored upon performance by the vendor in the next year were as follows: General Fund $ 898,495 Charter School Fund 318,745 Street Maintenance Fund 907,308 Capital Projects Fund 624,167 Stormwater Utility Fund 110,798 $ 2,859,513 46 CITY OF AVENTURA, FLORIDA NOTES TO BASIC FINANCIAL STATEMENTS SEPTEMBER 30, 2016 NOTE 10 - RISK MANAGEMENT The City is exposed to various risks of loss related to torts, thefts of, damage to and destruction of assets, errors and omissions, employee health, workers' compensation and natural disasters for which the City carries commercial insurance. Settlement amounts have not exceeded insurance coverage for any of the past three (3) fiscal years. In addition, there were no reductions in insurance coverage from those in the prior year. NOTE 11 - OTHER POST -EMPLOYMENT BENEFITS The City had previously implemented the Governmental Accounting Standards Board Statement No. 45, Accounting and Reporting by Employers for Postemployment Benefits Other Than Pension (OPEB), for certain postemployment health care benefits provided by the City. As of October 1, 2014, the latest actuarial valuation, health care and dental plan participants consisted of: Active Plan participants Retiree Plan participants Plan Description: 163 166 Pursuant to Section 112.0801, Florida Statutes, the City is required to permit participation in the health insurance program to retirees and their eligible dependents at a cost to the retiree that is no greater than the cost at which coverage is available for active employees. Other than certain department directors, retirees must pay a monthly premium as determined by the insurance carrier. Retirees pay 100% of the blended equivalent premium rates. The blended rates provide an implicit subsidy for retirees because, on an actuarial basis, their current and future claims are expected to result in higher costs to the plan on average than those of active employees. Pursuant to Resolution 2006-64; department directors who retire at age 55 or later with at least 10 years of service are not required to pay a premium for medical or dental coverage for themselves prior to age 65. For these individuals, there is an explicit subsidy where the City provides for the retiree's coverage. The plan described above is currently offered by the City under a "single employer plan" structure. The City provides all financial information and required disclosures of its other post -employment benefit plan in this document; therefore, a separate audited post -employment benefits plan report is not available. Funding Policy: The City is funding the post -employment benefits on a pay-as-you-go basis. For the fiscal year ended September 30, 2016, the annual required contribution was $124,000. The City made estimated explicit and implicit contributions of $44,000 towards this amount. Retirees contributed approximately $17,608 towards the cost of these benefits, for the fiscal year ended September 30, 2016. At September 30, 2016 the City recorded a net OPEB obligation of $431,000 for governmental activities, in its government -wide statement of net position. 47 CITY OF AVENTURA, FLORIDA NOTES TO BASIC FINANCIAL STATEMENTS SEPTEMBER 30, 2016 NOTE 11 - OTHER POST -EMPLOYMENT BENEFITS (Continued) Annual OPEB Cost and Net OPEB Obligation: The annual other postemployment benefit (OPEB) cost (expense) is calculated based on the annual required contribution (ARC), an amount actuarially determined in accordance with the parameters of GASB Statement No. 45. The ARC represents a level of funding that, if paid on an ongoing basis, is projected to cover the normal cost each year and amortize any unfunded actuarial liability over a period not to exceed 30 years. The following table shows the components of the City's annual OPEB cost for the year, the amount actually contributed, and the changes in the net OPEB obligation. Annual Required Contribution (ARC) $ 124,000 Interest on net pension obligation 15,000 Adjustment to annual required contribution (39,000) Total annual OPEB cost 100,000 Employer contributions made (44,000) Interest on employer contributions (1,000) Increase in net OPEB obligation 55,000 Net OPEB obligation, beginning of year 376,000 Net OPEB obligation, end of year $ 431,000 'estimated, reflects both the explicit and implicit subsidy. The City's annual OPEB cost, the percentage of annual OPEB costs contributed to the plan, and the net OPEB obligation for 2016 and two preceding years were as follows: Annual Year Ending OPEB September 30. Cost Percentage of Annual OPEB Cost Net OPEB Contributed Obligation 2016 $ 100,000 45% $ 431,000 2015 $ 102,000 47% $ 376,000 2014 $ 100,000 43% $ 322,000 48 CITY OF AVENTURA, FLORIDA NOTES TO BASIC FINANCIAL STATEMENTS SEPTEMBER 30, 2016 NOTE 11 - OTHER POST -EMPLOYMENT BENEFITS (Continued) Funded Status and Funding Progress: The schedule of funding progress, presented as RSI following the notes to the financial statements, presents multiyear trend information about whether the actuarial value of plan assets are increasing or decreasing over time relative to the actuarial accrued liability for benefits. An analysis of funding progress (the last plan year valuation date) is as follows: Methods and Assumptions: Actuarial valuations of an ongoing plan involve estimates of the value of reported amounts and assumptions about the probability of occurrence of events far into the future. Examples include assumptions about future employment, mortality, and the healthcare cost trend. Amounts determined regarding the funded status of the plan and the annual required contributions of the employer are subject to continual revision as actual results are compared with past expectations and new estimates are made about the future. The schedule of funding progress, presented as required supplementary information following the notes to the financial statements, presents multiyear trend information about whether the actuarial value of plan assets is increasing or decreasing over time relative to the actuarial accrued liabilities for benefits. Projections of benefits for financial reporting purposes are based on the substantive plan (the plan as understood by the employer and the plan members) and include the types of benefits provided at the time of each valuation and the historical pattern of sharing of benefit costs between the employer and plan members to that point. The actuarial methods and assumptions used include techniques that are designed to reduce the effects of short- term volatility in actuarial accrued liabilities and the actuarial value of assets, consistent with the long-term perspective of the calculations. In the October 1, 2014 actuarial valuation, the projected unit credit cost method was used. The annual required contribution (ARC) reflects a 12 -year open period, level dollar payment amortization of the unfunded actuarial accrued liability (UAAL). The actuarial assumptions included a 4.0% investment rate of return. The following assumptions were made: Eligibility: For police officers, retirement was assumed to occur at the earlier of any age with at least 25 years of service or at age 55 with at least six (6) years of service; for all other employees eligibility was assumed to occur at the earlier of any age with at least 30 years of service or at age 62 with at least six (6) years of service. Mortality: Sex -distinct mortality rates set forth in the RP -2000 mortality table for annuitants and non -annuitants, projected to 2015 by Scale AA, as published by the IRS for purposes of IRC section 430. Disability: Sex -distinct disability rates set forth in the Wyatt 1985 Disability Study; class 4 rates were used for police officers and class 1 rates were used for all other employees. 49 Actuarial Accrued Unfunded Liability Actuarial UAAL Actuarial Actuarial at Entry Accrued as % of Valuation Value of Age Liability Funded Covered Covered Date Assets (AAL) (UAAL) Ratio Payroll Payroll 10/01/14 $ - $ 700,000 $ 700,000 0.0% $ 12,625,000 5.5% Methods and Assumptions: Actuarial valuations of an ongoing plan involve estimates of the value of reported amounts and assumptions about the probability of occurrence of events far into the future. Examples include assumptions about future employment, mortality, and the healthcare cost trend. Amounts determined regarding the funded status of the plan and the annual required contributions of the employer are subject to continual revision as actual results are compared with past expectations and new estimates are made about the future. The schedule of funding progress, presented as required supplementary information following the notes to the financial statements, presents multiyear trend information about whether the actuarial value of plan assets is increasing or decreasing over time relative to the actuarial accrued liabilities for benefits. Projections of benefits for financial reporting purposes are based on the substantive plan (the plan as understood by the employer and the plan members) and include the types of benefits provided at the time of each valuation and the historical pattern of sharing of benefit costs between the employer and plan members to that point. The actuarial methods and assumptions used include techniques that are designed to reduce the effects of short- term volatility in actuarial accrued liabilities and the actuarial value of assets, consistent with the long-term perspective of the calculations. In the October 1, 2014 actuarial valuation, the projected unit credit cost method was used. The annual required contribution (ARC) reflects a 12 -year open period, level dollar payment amortization of the unfunded actuarial accrued liability (UAAL). The actuarial assumptions included a 4.0% investment rate of return. The following assumptions were made: Eligibility: For police officers, retirement was assumed to occur at the earlier of any age with at least 25 years of service or at age 55 with at least six (6) years of service; for all other employees eligibility was assumed to occur at the earlier of any age with at least 30 years of service or at age 62 with at least six (6) years of service. Mortality: Sex -distinct mortality rates set forth in the RP -2000 mortality table for annuitants and non -annuitants, projected to 2015 by Scale AA, as published by the IRS for purposes of IRC section 430. Disability: Sex -distinct disability rates set forth in the Wyatt 1985 Disability Study; class 4 rates were used for police officers and class 1 rates were used for all other employees. 49 CITY OF AVENTURA, FLORIDA NOTES TO BASIC FINANCIAL STATEMENTS SEPTEMBER 30, 2016 NOTE 11 - OTHER POST -EMPLOYMENT BENEFITS (Continued) Permanent Withdrawal from Active Status: Sex -distinct withdrawal rates set forth in Scale 155 table. Investment Rate of Return: A discount rate of 4.00% per annum. General Inflation Rate: A general inflation rate of 2.50% per annum. Healthcare Cost Trend Rate: The cost of covered medical services has been assumed to increase in accordance with the following rates, compounded annually: 2015/2016 7.50% 2016/2017 7.00% 2017/2018 6.60% 2018/2019 6.00% 2019/2020 5.50% 2020/2021 and later 5.00% With respect to the fully subsidized dental insurance, the assumed dental costs increase at the rate of 3.00% per year. Implied Subsidy (Medical Insurance): The implied subsidy for a 62 -year old retiree is assumed to be $6,600 per year for each the retiree and $5,700 for the retiree's spouse. Implied Subsidy (Dental Insurance): There is no implied subsidy for the dental insurance since we have assumed that the premium charged for the covered individuals does not increase with age. Age -Related Morbidity: The cost of the medical services has been assumed to increase with age at the rate of 3.50% per annum. Retiree Contributions: Other than eligible department directors, retirees electing post -employment healthcare coverage have been assumed to make monthly contributions equal to the premium charged to active employees. Eligible department directors have been assumed to make the required contribution for healthcare coverage for their spouses. Cost -of -Living Increase: Retiree contributions have been assumed to increase in accordance with the healthcare cost trend assumption. CITY OF AVENTURA, FLORIDA NOTES TO BASIC FINANCIAL STATEMENTS SEPTEMBER 30, 2016 NOTE 11 - OTHER POST -EMPLOYMENT BENEFITS (Continued) Future Participation Rates Other than eligible department directors, 5% of eligible employees were assumed to elect coverage until age 65 upon retirement or disability; 100% of department directors who are eligible for the explicit subsidy from the City were assumed to elect coverage until age 65. Marriaae and Dependent Assumption: 80% of males and 50% of females are assumed to elect coverage at retirement for themselves and their spouses, with husbands assumed to be three (3) years older than their wives; active employees were not assumed to have any dependent children upon retirement or disability. COBRA Assumption Future healthcare coverage provided solely pursuant to COBRA was not included in the OPEB valuation; because the COBRA premium is determined periodically based on plan experience, it is assumed that the COBRA premium to be paid by the participant fully covers the cost of providing healthcare coverage during the relevant period. NOTE 12 - DEFINED CONTRIBUTION PENSION PLANS The City is a single -employer that contributes to four (4) defined contribution pension plans based on employee classification created in accordance with Internal Revenue Code Section 401(a). The plans currently cover all full-time employees of the City. Under these plans, the City contributes between 7% and an amount equal to the annual IRS maximum depending on employee classifications. City contributions for the City Manager, department directors and assistant department directors vest in the year they are contributed. City contributions to general employees vest beginning after one year of service through year five in 20% increments. Participants are not permitted to make contributions during the year. The City made plan contributions of approximately $789,000 during the year. Plan provisions and contribution requirements may be amended by the City Commission. In addition, the City provides to all full-time employees a deferred compensation plan under Section 457 of the Internal Revenue Code. Under this program, employees may voluntarily elect to defer a portion of their salary to future years; with no required contributions from the City. Both programs are administered by ICMA Retirement Corp. The City does not exercise any control or fiduciary responsibility over the Plans' assets. Therefore, the assets, liabilities and transactions are not included in the City's financial statements. NOTE 13 - DEFINED BENEFIT PENSION PLAN General Information about the Pension Plan Plan Description The Plan is open solely to active police officers of the City of Aventura. A police officer is any person employed full time in the Police Department of the City, who is certified as a police officer as a condition of employment in accordance with the provisions of Florida Statutes and whose duty is to protect life and property and exercise lawful arrest powers of the State of Florida. The definition includes all supervisory and command personnel whose duties include, in whole or in part, the supervision, training, guidance, and management responsibilities of full-time police officers. All full-time police officers of the City of Aventura, except the Chief of Police, must participate in the pension plan. Board of Trustees: Two City Commission appointees who are City residents, two elected Members of the System, and a fifth member elected by the other four and appointed by Commission (as a ministerial duty). 51 CITY OF AVENTURA, FLORIDA NOTES TO BASIC FINANCIAL STATEMENTS SEPTEMBER 30, 2016 NOTE 13 - DEFINED BENEFIT PENSION PLAN (Continued) General Information about the Pension Plan (Continued) Plan Membership as of October 1, 2014: Inactive Plan members or beneficiaries currently receiving benefits 11 Inactive Plan members entitled to but not yet receiving benefits 3 Active Plan members 82 Total 96 The financial statements of the Plan are prepared using the accrual basis of accounting. Plan member contributions are recognized in the period in which the contributions are due. The City's contributions are recognized when due and a formal commitment to provide the contributions has been made. Benefits and refunds are recognized when due and payable in accordance with the terms of the Plan. The general administration, management and investment decisions of the Plan and the responsibility for carrying out its provisions is vested in the five (5) members Board of Trustees. Administrative costs of the Plan are financed through current or prior investment earnings. The City has issued audited stand-alone financial statements for the Plan, which may be obtained from the City's Finance Department. Benefits.- Normal enefits.Normal retirement may be received upon attainment the earlier of age 55 with 10 years of credited service or upon completion of 25 years of credited service, regardless of age. For the first 40 years of service, the monthly benefit received will be 3.00% of final monthly compensation multiplied by the number of years of service, to a maximum of 80.00%. Years credited beyond 40 will be taken into account at 2.00% of final compensation per year. Early retirement may be received upon the attainment of age 45 with 10 years of credited service. The benefit may be received either on a deferred basis or on an immediate basis. On an immediate basis, the benefit amount will be the normal retirement benefit reduced by 3.00% per year for each year by which the retirement date precedes the normal retirement date. On a deferred basis, the benefit amount will be the same as the normal retirement benefit except that the final compensation and credited service will be based upon the early retirement date. Disabilitv retirement Members who become disabled due to service -incurred injuries, which arise out of performance of service with the City, will receive a monthly benefit amount equal to the member's accrued benefit but not less than 42.00% of the member's final monthly compensation as of the date of disability, offset by any other payments, such as worker's compensation. Members who become disabled due to non -service -incurred injuries, which do not arise out of performance with the City, and who have completed at least 10 years of service, will receive a monthly benefit amount equal to 3.00% of final monthly compensation for each year of credited service, but not less than 30.00%. 52 CITY OF AVENTURA, FLORIDA NOTES TO BASIC FINANCIAL STATEMENTS SEPTEMBER 30, 2016 NOTE 13 - DEFINED BENEFIT PENSION PLAN (Continued) Net Pension Liabilit The City's net pension liability was measured as of September 30, 2015. The total pension liability used to calculate the net pension liability was determined as of that date. Actuarial Assumptions: The total pension liability was determined by an actuarial valuation as of October 1, 2014 updated to September 30, 2015 using the following actuarial assumptions applied to all measurement periods. Inflation 3.00% Salary Increases 5.00% Discount Rate 7.50% Investment Rate of Return 7.50% Mortality Rate: RP -2000 Combined Healthy (current). Disabled set forward 5 years. Based on a study of over 650 public safety funds, this table reflects a 10% margin for future mortality improvements. The long-term expected rate of return on pension plan investments was determined using a building-block method in which best -estimate ranges of expected future real rates of return (expected returns, net of pension plan investment expenses and inflation) are developed for each major asset class. These ranges are combined to produce the long term expected rate of return by weighting the expected future real rates of return by the target asset allocation percentage and by adding expected inflation. Best estimates of arithmetic real rates of return for each major asset class included in the pension plan's target asset allocation as of September, 30 2015 are summarized in the following table: Long Term Expected Asset Class Target Allocation Real Rate of Return Domestic Equity 55% 7.65% Internation Equity 10% 7.72% Fixed Income 20% 2.37% Real Estate 5% 5.09% Hedge Funds 10% 2.87% Total 100% Discount Rate: The discount rate used to measure the total pension liability was 7.50 percent. The projection of cash flows used to determine the discount rate assumed that plan member contributions will be made at the current contribution rate and that sponsor contributions will be made at rates equal to the difference between actuarially determined contribution rates and the member rate. Based on those assumptions, the pension plan's fiduciary net position was projected to be available to make all projected future benefit payments of current plan members. Therefore, the long-term expected rate of return on pension plan investments was applied to all periods of projected benefit payments to determine the total pension liability. 53 CITY OF AVENTURA, FLORIDA NOTES TO BASIC FINANCIAL STATEMENTS SEPTEMBER 30, 2016 NOTE 13 - DEFINED BENEFIT PENSION PLAN (Continued) CHANGES IN NET PENSION LIABILITY Reporting Period Ending September 30, 2015 Changes for a Year: Service Cost Interest Differences between Expected and Actual Experience Changes of benefit terms Contributions - Employer Contributions - State Contributions - Employee Net investment income Benefit payments, including refunds of Employee contributions Administrative Expense Net Changes Reporting Period Ending September 30, 2016 Increase (Decrease) Total Pension Net Pension Liability Plan Fiduciary Liability (a) Net Position (b) (a) -(b) $ 31,875,310 $ 28,811,486 $ 3,063,824 1,896,180 - 1,896,180 2,727,885 - 2,727,885 (1,326,392) (1,326,392) 2,797,541 2,797,541 - 1,550,643 (1,550,643) - 310,354 (310,354) - 541,792 (541,792) - (614,811) 614,811 (394,472) (394,472) - - (66,115) 66,115 5,700,742 1,327,391 4,373,351 $ 37,576,052 $ 30,138,877 $ 7,437,175 Sensitivity of the net pension liabilty to changes in the discount rate. City's Net Pension Liability Current Discount 1 % Decrease Rate 1 % Increase 6.50% 7.50% 8.50% $ 12,558,241 $ 7,437,175 $ 3,185,809 Pension plan fiduciary net position. Detailed information about the pension plan's fiduciary net position is available in a separately issued Plan financial report. 54 CITY OF AVENTURA, FLORIDA NOTES TO BASIC FINANCIAL STATEMENTS SEPTEMBER 30, 2016 NOTE 13 - DEFINED BENEFIT PENSION PLAN (Continued) Pension Expense and Deferred Outflows of Resources and Deferred Inflows of Resources related to Pensions For the year ended September 30, 2016 the Sponsor will recognize a pension expense of $5,037,238. On September 30, 2016 the Sponsor reported deferred outflows of resources and deferred inflows of resources related to pensions from the following sources: Differences between expected and actual experience Net difference between projected and actual earnings on pension plan investments Actual Earnings on Pension Plan Investments Deferred Outflows of Deferred Inflows Resources of Resources $ - $ 1,136,908 2,113,162 - $ 2,113,162 $ 1,136,908 Amounts reported as deferred outflows of resources and deferred inflows of resources related to pensions will be recognized in pension expense as follows: Year ended September 30 2017 $ 325,003 2018 325,003 2019 325,002 2020 380,216 2021 (189,485) Thereafter (189,485) 55 REQUIRED SUPPLEMENTARY INFORMATION CITY OF AVENTURA, FLORIDA REQUIRED SUPPLEMENTARY INFORMATION SCHEDULE OF REVENUES, EXPENDITURES AND CHANGES IN FUND BALANCE - BUDGET AND ACTUAL - GENERAL FUND FOR THE FISCAL YEAR ENDED SEPTEMBER 30, 2016 Other financing sources (uses) Sale of general capital assets 25,000 25,000 15,063 Variance Transfers in 30,000 30,000 - with Final Transfers out (2,208,590) (2,200,908) (2,200,908) Budget Appropriated fund balance Budgeted Amounts Actual Positive Total other financing sources (uses) Original Final Amounts (Negative) Revenues: Locally levied taxes $ 24,010,543 $ 24,010,543 $ 23,987,918 $ (22,625) Licenses and permits 4,485,000 6,057,000 6,872,638 815,638 Intergovernmental revenues 3,416,329 3,641,329 3,665,014 23,685 Charges for services 2,623,000 2,693,000 2,694,114 1,114 Fines and forfeitures 1,642,000 1,691,000 2,791,686 1,100,686 Miscellaneous 180,000 180,000 289,534 109,534 Total revenues 36,356,872 38,272,872 40,300,904 2,028,032 Expenditures: Current: General government City commission 128,563 142,563 137,508 5,055 City manager 821,742 821,742 792,193 29,549 Legal 280,000 385,000 382,149 2,851 City clerk 287,685 330,685 296,237 34,448 Finance 1,003,892 1,003,892 979,649 24,243 Information technology 1,013,438 1,013,438 869,691 143,747 Nondepartmental 1,481,000 1,481,000 1,328,626 152,374 Total general government 5,016,320 5,178,320 4,786,053 392,267 Public safety Police 18,538,337 18,538,337 17,889,147 649,190 Community development 2,401,633 4,026,633 3,966,715 59,918 Total public safety 20,939,970 22,564,970 21,855,862 709,108 Community services Community services 4,760,648 5,022,648 4,984,832 37,816 Arts and cultural center 798,182 841,182 839,556 1,626 Total community services 5,558,830 5,863,830 5,824,388 39,442 Capital outlay 19,066,486 19,921,635 2,112,989 17,808,646 Total expenditures 50,581,606 53,528,755 34,579,292 18,949,463 Excess (deficiency) of revenues over expenditures (14,224,734) (15,255,883) 5,721,612 20,977,495 Other financing sources (uses) Sale of general capital assets 25,000 25,000 15,063 9,937 Transfers in 30,000 30,000 - 30,000 Transfers out (2,208,590) (2,200,908) (2,200,908) - Appropriated fund balance 16,378,324 17,401,791 - 17,401,791 Total other financing sources (uses) 14,224,734 15,255,883 (2,185,845) 17,441,728 Net change in fund balance $ - $ - $ 3,535,767 $ 3,535,767 See notes to required supplementary information 56 CITY OF AVENTURA, FLORIDA SCHEDULE OF REVENUES, EXPENDITURES AND CHANGES IN FUND BALANCE - BUDGET AND ACTUAL SPECIAL REVENUE FUND STREET MAINTENANCE FUND FOR THE FISCAL YEAR ENDED SEPTEMBER 30, 2016 Revenues: Intergovernmental revenues Impact fees Investment income Total revenues Expenditures: Operating Capital outlay Total expenditures Excess (deficiency) of revenues over expenditures Other financing sources (uses): Appropriated fund balance Total other financing sources (uses) Net change in fund balance Variance with Final Budget Budgeted Amounts Positive Original Final Actual (Negative) $ 2,617,000 $ 2,617,000 $ 2,187,604 $ (429,396) - - 1,536,241 1,536,241 2,000 2,000 14,560 12,560 2,619,000 2,619,000 3,738,405 1,119,405 1,007,405 1,007,405 1,064,144 (56,739) 2,794,450 4,032,855 1,801,613 2,231,242 3,801,855 5,040,260 2,865,757 2,174,503 (1,182,855) (2,421,260) 872,648 3,293,908 1,182,855 2,421,260 - (2,421,260) 1,182,855 2,421,260 - (2,421,260) $ - $ - $ 872,648 $ 872,648 See notes to required supplementary information 57 CITY OF AVENTURA, FLORIDA SCHEDULE OF CHANGES IN NET PENSION LIABILITY AND RELATED RATIOS LAST 10 FISCAL YEARS Reporting Period Ending 9/30/2016 9/30/2015 Measurement Date 9/30/2015 9/30/2014 Total Pension Liability Service Cost $ 1,896,180 $ 1,732,252 Interest 2,727,885 2,238,129 Changes of benefit terms 2,797,541 - Differences between Expected and Actual Experience (1,326,392) - Employee Contributions (394,472) (409,084) Net change in total pension liability 5,700,742 3,561,297 Total Pension liability - beginning 31,875,310 28,314,013 Total Pension liability - ending (a) $ 37,576,052 $ 31,875,310 Plan Fiduciary Net Position Contributions - Employer $ 1,550,643 $ 1,548,543 Contributions - State 310,354 318,440 Contributions - Employee 541,792 541,099 Net investment income (loss) (614,811) 2,199,131 Benefit payments, including refunds of Employee contributions (394,472) (409,085) Administrative Expense (66,115) (55,897) Net change in plan fiduciary net position $ 1,327,391 $ 4,142,231 Plan fiduciary net position - beginning 28,811,486 24,669,255 Plan fiduciary net position - ending (b) $ 30,138,877 $ 28,811,486 Net Pension Liability - Ending (a) - (b) $ 7,437,175 $ 3,063,824 Plan Fiduciary Net Position as a Percentage of the Total Pension Liability 80.21% 90.39% Covered Employee Payroll* $ 8,047,155 $ 7,986,695 Net Pension Liability as a Percentage of covered Employee Payroll 92.42% 38.36% " The Covered Employee Payroll figures were not available. Pensionable Salary has been reported instead. This schedule is presented to illustrate the requirement to show information for 10 years. However, until a full 10 -year trend is compiled, pension plans should present information for those years for which information is available See notes to required supplementary information 58 Report Period Ending Measurement Date Actuarially Determined Contribution Contributions in Relation to the Actuarially Determined Contributions Contribution Deficiency (Excess) Covered Employee Payroll Contributions as a Percentage of Covered Employee Payroll' CITY OF AVENTURA, FLORIDA SCHEDULE OF CONTRIBUTIONS LAST 10 FISCAL YEARS 9/30/2016 9/30/2015 $ 1,830,896 $ 1,828,554 1,860,997 1,866,983 $ (30,101) $ (38,429) $ 8,047,155 $ 7,986,695 23.13% 23.38% " The Covered Employee Payroll figures were not available. Pensionable Salary has been reported instead. Notes to Schedule Valuation Date: 10/1/2014 Actuarially determined contribution rates are calculated as of October 1, three years prior to the end of the fiscal year in which contributions are reported Methods and assumptions used to determine contribution rates: Funding Method: Entry Age Normal Actuarial Cost Method. Amortization Method: Level Dollar. Remaining Amortization Period: 21 Years (as of 10/01/2014) Assets Valuation Method: All assets are valued at market value with an adjustment made to uniformly spread actuarial investment gains and losses (as measured by actual market value investment return against expected market value investment return) over a five-year period. Inflation: 3% per year Salary Increases: 5% per year Interest Rate: 7.5% per year compounded annually, net of investment related expenses Payroll Increase (for purpose of amortizing UAAL) 0% per year Wage Increases (for purpose of projecting Sponsor Normal Cost in between valuations 3% per year See notes to required supplementary information 59 CITY OF AVENTURA, FLORIDA SCHEDULE OF CONTRIBUTIONS LAST 10 FISCAL YEARS (CONTINUED) Retirement Age: Earlier of age 57 and 10 years of Credited Service, or upon completion of 25 years of Credited Service, regardless of age. Early Retirement: Commencing with the earliest Early Retirement Age ( 45), members are assumed to retire with an immediate subsidized benefit at the rates below: Age Rate 45-49 10.0% 50+ 25.0% Termination Rates: See table below for sample rates Disability Rates: See table below for sample rates. 44% are assumed to be in -the -line -of -duty. Mortality: RP -2000 Combined Healthy (current). Disabled set forward 5 years. Based on a study of over 650 public safety funds, this table reflects a 10% margin for future mortality improvements. Other Information Termination and Disability Rate Table % Becoming Disabled During % Terminating Age the Year During the Year 20 0.04% 10.30% 30 0.09% 4.15% 40 0.18% 0.99% 50 0.55% 0.48% This schedule is presented to illustrate the requirement to show information for 10 years. However, until a full 10 -year trend is compiled, pension plans should present information for those years for which information is available See notes to required supplementary information 60 CITY OF AVENTURA, FLORIDA REQUIRED SUPPLEMENTARY INFORMATION SCHEDULE OF FUNDING PROGRESS OTHER POST -EMPLOYMENT BENEFITS See notes to required supplementary information 61 Actuarial Accrued Unfunded Liability Actuarial UAAL Actuarial Actuarial at Entry Accrued as % of Valuation Value of Age Liability Funded Covered Covered Date Assets (AAL) (UAAL) Ratio Payroll Payroll 10/1/2014 $ - $ 700,000 $ 700,000 0.0% $ 12,625,000 5.5% 10/1/2013 - 679,000 679,000 0.0% 11,640,000 5.8% 10/1/2011 - 710,000 710,000 0.0% 12,781,000 5.6% See notes to required supplementary information 61 CITY OF AVENTURA, FLORIDA NOTES TO REQUIRED SUPPLEMENTARY INFORMATION SEPTEMBER 30, 2016 NOTE 1 - BUDGETS AND BUDGETARY ACCOUNTING An annual appropriated budget is adopted for all governmental funds with the exception of the Charter School Fund, Federal Forfeiture Fund and Law Enforcement Trust Fund. All of the funds mentioned in this paragraph are Special Revenue Funds. The City follows these procedures in establishing the budgetary data reflected in the basic financial statements: a. The City Manager submits to the City Commission a proposed operating and capital budget for the ensuing fiscal year. The budget includes proposed expenditures and the means of financing them. b. Public hearings are conducted to obtain taxpayer comments. c. Prior to October 1, the budget is legally enacted through passage of an ordinance. d. Formal budgetary integration is employed as a management control device during the year for the governmental funds described above. e. The City Commission, by ordinance, may make supplemental appropriations for the year up to the amount of revenues in excess of those estimated. The City Commission made several supplementary budgetary appropriations throughout the year including approximately $2,939,467 in the General Fund. f. Budgets for the governmental funds are adopted on a basis consistent with generally accepted accounting principles ("GAAP"). g. The City Manager is authorized to transfer part or all of an unencumbered appropriation balance within departments within a fund; however, any revisions that alter the total appropriations of any department or fund must be approved by the City Commission. The classification detail at which expenditures may not legally exceed appropriations is at the department level. h. Encumbrances lapse at fiscal year-end. Encumbrances are re -appropriated in the following year's budget. i. Expenditures exceeded appropriations in the street maintenance fund operating expenditures by $56,739 NOTE 2 - ACTUARIAL ASSUMPTIONS Police Officers' Retirement Plan Fund - Information as of the latest actuarial valuation date as of October 1, 2014 included no cost of living adjustments and a 3.00% annual inflation rate; an annual investment rate of return of 7.50% and projected annual salary increases of 5.00%. Other Post -Employment Benefits - Information as of the latest actuarial valuation date of October 1, 2014 included an annual investment rate of return of 4.0%; the amortization method is level dollar; an amortization period of 12 year -open and an actuarial cost method of projected unit credit. 62 COMBINING AND INDIVIDUAL FUND STATEMENTS NON -MAJOR GOVERNMENTAL FUNDS SPECIAL REVENUE FUNDS Special revenue funds are used to account for and report specific revenues that are restricted or committed to expenditure for particular purposes other than debt service or capital projects. Police Education Fund - This fund is used to account for revenues and expenditures associated with the two dollars ($2) the City receives from each paid traffic citation, by State Statute, must be used to further the education of the City's police officers. 911 Fund - This fund is used to account for revenues and expenditures specifically earmarked for the City's emergency 911 system in accordance with Florida Statutes 365.172. The funds may be used to provide emergency dispatch systems, training, communication, maintenance and repairs and related capital outlay purchases. The fund offsets a portion of the emergency 911 operations. Federal Forfeiture Fund - This fund is used to account for proceeds obtained from the sale of confiscated and unclaimed property turned over to the City through court judgments. Proceeds are to be used solely for crime fighting purposes. Law Enforcement Trust Fund - This fund is used to account for resources resulting from police department confiscations and their expenditure for law enforcement purposes. CAPITAL PROJECTS FUNDS Capital projects funds are used to account for and report financial resources that are restricted, committed, or assigned to expenditure for capital outlays, including the acquisition or construction of capital facilities and other capital assets. Capital Projects - This fund is used to account for impact fees and other revenue sources specifically earmarked for capital projects. DEBT SERVICE FUNDS Debt service funds are used to account for and report the accumulation of financial resources that are restricted, committed, or assigned for the payment of principal and interest on all general long-term debt. Debt Service Fund Series 2010 & 2011 - This fund is used to accumulate monies for the payment of the 2010 and 2011 Refunding Revenue Bonds. Non -ad valorem tax revenues in the governmental funds are pledged for the payment of principal and interest. Debt Service Fund Series 2012 - Charter School Land Acquisition - This fund is used to accumulate monies for the payment of the 2012 Refunding Revenue Bonds. Non -ad valorem tax revenues in the governmental funds are pledged for the payment of principal and interest. Debt Service Fund Series 2012 - Charter School Building Construction - This fund is used to accumulate monies for the payment of the 2012 Refunding Revenue Bonds. Non -ad valorem tax revenues in the governmental funds are pledged for the payment of principal and interest. 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0 > C LL U N Q O E V y L 'nQ N N (6 0 O w .V a w N o c 0 os 0 a) 0 0 E 6 w s a) co > o a) U ns w -0 — 3 co o � w .� L s .Q s c E >o 21 .c U ns Q D QQ Q M M f @/32@ \ N %2929 s\ .G E, o=�=c kik\/ }EE °§& @ e§\= ',I- «\k/c z/ �ƒLLƒb Z±zLZ \ \� LLLU \\�\ /��°�0 _ LO LO U) L = ± ® \ N / o ƒmh± s\ _}0§sE� §=/5252 /\ kik\/ \\ E q - / < / LLZm2\ ',I- «\k/c /\ �ƒLLƒb Z±zLZ \ \� LLLU \\�\ /��°�0 e LLI \ \ \ \ / \ ® z O L ( / ƒ f -LL 2222=\ m z » \ i / O - o _ (.0 \ G C ! » § © ® \ \ G $ $m �G \ / e \ _ / _ ,,,§i@1 } U) L = ± ® \ N / o ƒmh± s\ LL /\ kik\/ \\ E q - / < / LLZm2\ ',I- «\k/c /\ �ƒLLƒb Z±zLZ \ \� LLLU \\�\ � LLI \ \ \ \ / \ ® z O L ( / ƒ f ¥ 2 E ± z » \ i / O CD) /2 _ _ Cl) G\\R @/ p'p / g/ c oomm mmcw= \^® \\% \ \ \ = =o ooItw N co m I N I N _ / $ \ \ \ 0 ) \ \ \ 0) / § / / / / _ \ \ \ \ \ \ LO \ \ 2 @ @ @ @ w w Cl) Cl) Cl) Cl) Cl) _ G 2 2 @ ® ' ® / co @ o w w = E E m \ / \ \ \ \ _ \ ] 0 N ] ] \ 0 \ _ _� ,10-1 c c �r (D + + § § \® \ \ \ /§ _ ® I I \\ \ / \\ 2\= \ ',I- LO /\ a \ \� C14 § E E _ _ (.0 \ G C \\\ / \ \ G \ �G \ / \ \ _ / \7 } z \C: _ () -M '$'®2 jj .g7(-\} 3 co f C: j\7 r Q}�:=f-E r u-®` a) co a) u _ Cl) G\\R @/ p'p / g/ c oomm mmcw= \^® \\% \ \ \ = =o ooItw N co m I N I N _ / $ \ \ \ 0 ) \ \ \ 0) / § / / / / _ \ \ \ \ \ \ LO \ \ 2 @ @ @ @ w w Cl) Cl) Cl) Cl) Cl) _ G 2 2 @ ® ' ® / co @ o w w = E E m \ / \ \ \ \ _ \ ] 0 N ] ] \ 0 \ _ _� ,10-1 c c �r (D + + § § \® \ \ \ /§ _ _ ��\ �� \\ \ / \\ /\ a £¥ C14 § E E \ G C \\\ / k( \ G \ �G -)� \\ \ \ _ / --oo } z \C: _ () -M \ jj .g7(-\} 0 co Cl) Cl) / ]� Q}�:=f-E ] ] \ u-®` a) co a) _ 3 ( (n »/ C }y / k( \ ww \ �G -)� C // I=�/ _ ,: --oo } z \C: () -M \ jj .g7(-\} co Q}�:=f-E u-®` a) co a) x 3^^ }} 3 CITY OF AVENTURA, FLORIDA SCHEDULE OF REVENUES, EXPENDITURES AND CHANGES IN FUND BALANCE - BUDGET AND ACTUAL SPECIAL REVENUE FUND POLICE EDUCATION FUND FOR THE FISCAL YEAR ENDED SEPTEMBER 30, 2016 Revenues: Fines and forfeitures Investment income Total revenues Expenditures: Operating Total expenditures Excess (deficiency) of revenues over expenditures Other financing sources (uses): Appropriated fund balance Total other financing sources (uses) Net change in fund balance Budgeted Amounts Original Final $ 7,000 $ 7,000 $ 65 Variance with Final Budget Positive Actual (Negative) 5,445 $ (1,555) 7 7 7,000 7,000 5,452 (1,548) 7,000 7,732 3,348 4,384 7,000 7,732 3,348 4,384 (732) 2,104 2,836 732 - (732) 732 - (732) 2,104 $ 2,104 CITY OF AVENTURA, FLORIDA SCHEDULE OF REVENUES, EXPENDITURES AND CHANGES IN FUND BALANCE - BUDGET AND ACTUAL SPECIAL REVENUE FUND 911 FUND FOR THE FISCAL YEAR ENDED SEPTEMBER 30, 2016 Revenues: Intergovernmental revenues Investment income Total revenues Expenditures: Operating Capital outlay Total expenditures Excess (deficiency) of revenues over expenditures Other financing sources (uses): Transfers out Appropriated fund balance Total other financing sources (uses) Net change in fund balance Budgeted Amounts Original Final $ 153,600 $ 153,600 $ Variance with Final Budget Positive Actual (Negative) 90,796 $ (62,804) 178 178 153,600 153,600 90,974 (62,626) 137,500 137,500 134,897 2,603 - 44,042 - 44,042 137,500 181,542 134,897 46,645 16,100 (27,942) (43,923) (15,981) (30,000) (30,000) - 30,000 13,900 57,942 - (57,942) (16,100) 27,942 - (27,942) $ - $ - $ (43,923) $ (43,923) See notes to basic financial statements 66 CITY OF AVENTURA, FLORIDA SCHEDULE OF REVENUES, EXPENDITURES AND CHANGES IN FUND BALANCE - BUDGET AND ACTUAL CAPITAL PROJECTS FUND FOR THE FISCAL YEAR ENDED SEPTEMBER 30, 2016 Revenues: Impact fees Total revenues Expenditures: Capital outlay Total expenditures Excess (deficiency) of revenues over expenditures Other financing sources (uses): Appropriated fund balance Total other financing sources (uses) Net change in fund balance Variance with Final Budget Budgeted Amounts Positive Original Final Actual (Negative) 5,000 5,000 254,989 249,989 5,000 5,000 254,989 249,989 905,000 1,485,274 680,680 804,594 905,000 1,485,274 680,680 804,594 (900,000) (1,480,274) (425,691) 1,054,583 900,000 1,480,274 - (1,480,274) 900,000 1,480,274 - (1,480,274) $ - $ - $ (425,691) $ (425,691) 67 CITY OF AVENTURA, FLORIDA SCHEDULE OF REVENUES, EXPENDITURES AND CHANGES IN FUND BALANCE - BUDGET AND ACTUAL DEBT SERVICE FUND SERIES 2010 & 2011 FOR THE FISCAL YEAR ENDED SEPTEMBER 30, 2016 Revenues: Investment income Total revenues Expenditures: Debt Service: Principal Interest Total expenditures Excess (deficiency) of revenues over expenditures Other financing sources (uses): Transfers in Appropriated fund balance Total other financing sources (uses) Net change in fund balance Variance with Final Budget Budgeted Amounts Positive Original Final Actual (Negative) $ - $ - $ 95 $ 95 - - 95 95 745,000 745,000 745,000 - 448,750 448,750 448,750 - 1,193, 750 1,193,750 1,193,750 - (1,193,750) (1,193,750) (1,193,655) 95 1,193,750 1,193,517 1,193,517 - - 233 - (233) 1,193,750 1,193,750 1,193,517 (233) M (138) $ Ll 38 CITY OF AVENTURA, FLORIDA SCHEDULE OF REVENUES, EXPENDITURES AND CHANGES IN FUND BALANCE - BUDGET AND ACTUAL DEBT SERVICE FUND SERIES 2000 FOR THE FISCAL YEAR ENDED SEPTEMBER 30, 2016 Revenues: Investment income Total revenues Expenditures: Debt Service: Principal Interest Total expenditures Excess (deficiency) of revenues over expenditures Other financing sources (uses): Transfers in Total other financing sources (uses) Net change in fund balance Variance with Final Budget Budgeted Amounts Positive Original Final Actual (Negative) 25,279 $ 25,279 - - 25,279 25,279 380,000 380,000 380,000 - 130,536 130,536 130,536 - 510,536 510,536 510,536 - (510,536) (510,536) (485,257) 25,279 510,536 510,536 510,536 - 510,536 510,536 510,536 - 25,279 $ 25,279 CITY OF AVENTURA, FLORIDA SCHEDULE OF REVENUES, EXPENDITURES AND CHANGES IN FUND BALANCE - BUDGET AND ACTUAL DEBT SERVICE FUND SERIES 2012 - CHARTER SCHOOL LAND ACQUISITION FOR THE FISCAL YEAR ENDED SEPTEMBER 30, 2016 70 Variance with Final Budget Budgeted Amounts Positive Original Final Actual (Negative) Revenues: Investment income $ - $ - $ 4 $ 4 Total revenues - - 4 4 Expenditures: Debt Service: Principal 314,279 314,279 314,279 - Interest 82,525 82,525 82,525 - Trustee fees and other 7,500 7,500 - 7,500 Total expenditures 404,304 404,304 396,804 7,500 Excess (deficiency) of revenues over expenditures (404,304) (404,304) (396,800) 7,504 Other financing sources (uses): Transfers in 404,304 396,855 396,855 - Appropriated fund balance - 7,449 - (7,449) Total other financing sources (uses) 404,304 404,304 396,855 (7,449) Net change in fund balance $ - $ - $ 55 $ 55 70 CITY OF AVENTURA, FLORIDA SCHEDULE OF REVENUES, EXPENDITURES AND CHANGES IN FUND BALANCE - BUDGET AND ACTUAL DEBT SERVICE FUND SERIES 2012 - CHARTER SCHOOL BUILDING CONSTRUCTION FOR THE FISCAL YEAR ENDED SEPTEMBER 30, 2016 71 Variance with Final Budget Budgeted Amounts Positive Original Final Actual .(Negative) Revenues: Investment income $ - $ - $ 975 $ 975 Total revenues - - 975 975 Expenditures: Debt Service: Principal 350,721 350,721 350,721 - Interest 92,094 92,094 92,093 1 Trustee fees and other 3,500 3,500 - 3,500 Total expenditures 446,315 446,315 442,814 3,501 Excess (deficiency) of revenues over expenditures (446,315) (446,315) (441,839) 4,476 Other financing sources (uses): Transfers in 446,315 446,315 444,000 (2,315) Total other financing sources (uses) 446,315 446,315 444,000 (2,315) Net change in fund balance $ - $ - $ 2,161 $ 2,161 71 STATISTICAL SECTION STATISTICAL SECTION This part of the City of Aventura's comprehensive annual financial report presents detailed information as a context for understanding what the information in the financial statements, note disclosures, and required supplementary information says about the City's overall financial health. Contents Page Financial Trends 72-78 These schedules contain trend information to help the reader understand how the City's financial performance and well-being have changed over time. Revenue Capacity 79-83 These schedules contain information to help the reader assess the City's most significant local revenue source, the property tax. Debt Capacity 84-87 These schedules contain information to help the reader assess the affordability of the City's current levels of outstanding debt and the City's ability to issue additional debt in the future. Demographic and Economic Information 88-89 These schedules offer demographic and economic indicators to help the reader understand the environment within which the City's financial activities take place. Operating Information 90-92 These schedules contain service and infrastructure data to help the reader understand how the information in the city's financial report relates to the services the City provides and the activities it performs. 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O LO N LO O V ' r r Cl) 00 N N O O) r - N O N O N 00a0 00 N LO LO -- V O) O) co co LO LO CO LO r 00 O N CO M C—,)r (O O) LO 00 lI7 N00 00 N N LO O LO O V LO 00 O (O N M a0 00 V W O) co N V O (O (O co co O) N N N N C — N N lO 00 (O O Cl) O Cl) 00 O) EA H3 H3 EA EA U3 U3 N r lI7 O I- M ' r 00 W W (O (O LO V N r- 00 O) N O) O (O 00 LO M LO V 03 00 LO N N LO LO _ V LO 00 M O N O) : N O) N LO 00 00 (fl 00 O) 00 O lI7 V O (O N V I V O) P- O) Cl) V O O I— Cl) LO LO LO r N a0 N O N Cl) Cl) N N lI7 I- 00 — Cl) Cl) Cl) Cl) O) O EA H3 617 EA 613 U3 U3 V N N_ Cl) O) ' 00 I- 00 ' LO LO Cl) V r (O CO M y 00 O) 00 V r 00 V O) O) O N co co M M V LO O) M LO (O M N r LO N Cl) r LO O O N 00 Cl) M N lO a0 O r O V M M O O) ONO LLO (O O) LN N N N N r r � r r Cl) Cl) M M O � H3 H3 U3 613 613 U3 U3 a) a) a) p O CL C U a) > U) N a) A = C d a) O E W V fNq N W W A d Z C p .o 'E x a) E d E d Z d d Z c m o m E c d 0. o .� c d 1 -� = E g c C m m CL 2 m> ° ani 0 O7 '> m °� E �_ m CL E w m m > �0 a) 0) >O N N C O O W w O C 0) .0 N C U d > d 0) C 0) > d C d O O) C C E > a) m N E 10 O 0) d a) Z: O 2: O O C d O m a) H a) E u L � v w a) H > H H O7 a) a) H cE u) > d x S a d U ur m a) c E E N Q D > W C E y Q a) C O) >O ~ E c C O a) a) a) C X > .N 0) (D 'y C C O) > y a) O a) L — C O �C7m cU m cc (9 Z (7 0 r CITY OF AVENTURA GOVERNMENTAL ACTIVITIES TAX REVENUES BY SOURCE LAST TEN FISCAL YEARS (ACCRUAL BASIS OF ACCOUNTING) 75 Other Taxes Tax Section 185 Utility Unified City Total Fiscal Roll Ad Valorem Premium Service Communications Business Other Year Year Taxes Tax Taxes Tax Tax Taxes Total 2007 2006 $ 17,127,913 $ 129,443 $ 4,016,484 $ 2,253,325 $ 706,637 $ 7,105,889 $ 24,233,802 2008 2007 15,942,020 163,088 4,299,132 2,442,771 814,706 7,719,697 23,661,717 2009 2008 15,189,005 265,314 4,590,306 2,861,566 768,036 8,485,222 23,674,227 2010 2009 13,253,848 284,381 4,768,490 2,679,607 674,288 8,406,766 21,660,614 2011 2010 11,734,232 250,125 4,851,477 2,613,552 772,821 8,487,975 20,222,207 2012 2011 11,724,189 268,692 4,927,823 2,558,968 838,388 8,593,871 20,318,060 2013 2012 12,080,224 287,725 5,124,486 2,732,283 877,939 9,022,433 21,102,657 2014 2013 12,791,444 318,440 5,525,543 2,359,286 910,165 9,113,434 21,904,878 2015 2014 13,977,630 310,355 5,590,829 2,281,655 942,846 9,125,685 23,103,315 2016 2015 15,008,844 342,209 5,648,405 2,072,093 916,367 8,979,074 23,987,918 75 U 0 Z D LL z 0 U 0 Ix z Of U 0 LLI 2 W LL LL z } O O J U W Q_ F -0U)< z (D 1i CO w LL J > O w Q U LL LLI z Q Q J U Q 0w CO � D p z O D LL (O IO N IO O) N O(h O) (O ' (O (h IO O lO O) O) V (h (O (O IO N V I� O) N IO N I� r V IO N (O N N O N � N V V (h N V7 V7 V7 V7 IO (O (h (O O) (O IO V O) V VV o N IO (2 N O) O) � (O I� V O V V (h O) I� O r r N (h 1n (O O o) h V r V7 V7 V7 V7 (h V CO V (O O V O OD� Iq r V V I� O O N N O) N O) O) N O) I� IO N N (h (1) 1n O r O) r O) N I� (h (O (h N (O V7 V7 V7 V7 (O N (1) N (h LO V (O (h V r In (h 1n O) V O (h (h N O) IO N I� O) V IO IO O) , (O O O) V () N N IO r r (h V7 V7 V7 V7 IO N (O N O) (h N O Iq OD o V N r O V N (h (h I� V N O O (O I� N r O (1) (O (h V O) N (O V O IO V N N V � V7 V7 V7 V7 ' V N N N N IO N V I� � 1 Lc) m m _- 1n " m( m - rn� m o N N (O h O o N nOD N v OD ILO (1)o m (,) r°)iv m ILO om v r (h V N h N N v Bch v IO In o) o o) `m v morn m I u) c� o°)) o v m v v r v r N v u) Q (n (n (n (n s IO M . . 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Cl) V N V LO O V C-4 N V r r LO N V (f3 61) O LO co co r NV d) Cl) Mw N c) M N CO N d) r (0 M N V O (0 O O' co' O r O) N O ' O V V' O LO M MLO N LO o CO (fl d) LD - N V Ln V C M N (fl O O) L() O N M M N r O r LO N V V M N M M N V In M O O CO CO O O M r N V V N N Cl) O V V In r M N M Ln r O (fl N CQ Cl) co O O r V CO CO V (O CO V LD M d) V M V N N V O M M - LO M N N Cl) V N V (f3 (f3 V V N O O Ln r O M M r co N O' d) ' d) V ' r Lo In ' r o V M V V O,O V M V V V d) Ln M CO CO d) N - N M O N d) d) d) N O r N O d) (fl Ln O co co O d) (fl (fl O) N V r M M M CO N r d) V M co N V V LO r N O co M M co d) co O M V In N N r Ln N O (fl V (fl Cl) co LL) r- Ln (fl (fl O r- (0 (Y) (fl CO V d) N r- r N r r M_ N d) V N M N LL) V d) M LL) - LL) _ N N V V (f3 EA V M co O M V M co co O LO r r r O' O' LO In ' ' N N Cl) In NV V N V r- N V N d) O) Ln r r V N N N V N Ln (fl O (fl O CO O O r Ln N M co co N N N M V Ln O N LO V r LO LO O V r O r co O N N co r r 00 (fl N N M V m r 0 M N Ln O O V d) M (D Cl) M N N Ln V N r W V N Ln O (O N Ln LO Lo (fl (fl N Ln N (Y) V N N N V V N N co - (ON N N N V V (f3 EA CF) � N N r (0 (0 N LO M LO O (0 O (fl M d) O co O ' M M O O CO o N r V V r N Ln m LD M O) (fl N V r wd) N N N LO M r N O LO O O LO O CO M O) M co N O O 00 O O N N O O CO N V M V d)O) N V M M CO M LO O O r r r d) V LO r r O LO O LO N d) LO (0 d) LO N r O d) r Ln r V co V - M M co O LO N V M O (fl O) co r LO O) LO d) (fl Cl) r co V V , r N r r co O W CO V N N N V N N M O (Y) N N d) V V (i3 is N LO r r N r O N co O LO co d) d) O co N (0 r Cl) O' O_ O_ M V r o M r d) LO r V CO r LO N d) N Ln (fl (fl V M (fl N I- V d) O M d) Ln O N CO d) V O O) N V N O (O O O (Y) O In In O O) d) Ln r O V r (0 V V (0 d) LO V Cl) V M M M LO (0 N d) LO co LO (0 (0 V O (Y) LO Cl) CO CO d) N d) Cl) r V N Ln N O V r r Cl) co d) Cl! 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D "O U O y O rn .0 TO H X W O O w w LU O cm O w w H N Z p_ C LO U~ >o N 7 O (0 ` da E w ami v r a> w �aOJ �Uii aU (7dUU H D w m m r Ncl) L) o LL Q 0 c r 0 LO V CO CO V CO CO CO I- r- Lo LO CO O LO CO O O N In Ln r-� M CO W V CO L0 N V L0 c0 co V V V V V V V V V LO fH (n V W LO CO O O LO O Ln W V O CO I� V N Ln O O V CO CO CO V M O V CO M V M N O CO I� M O � N I- V V V Cl) Cl) V Cl) Cl) N U N �l Cf3 COI- O LO N N CO A VN I- LO W W W In N V CO O O O V- CO M I� O V E EI O LO N O LO V LO O N O CO M O O CO W W CO N OU Ln O N M N C O O CO Cr) I� CO O V N V O U N O O N LO I- LU 0 L0) W N LO IU of 61,D O z W I- N O 1- CO V LO N V z 0 V V CO r- I- r -V N O W CO N Ln CO N M m -O N LO r, CO O N M CO I� LO r� O O LO 1� LO W O Q O �_ � LO CO N- O V M CO I- O U U L0 N M N N N N N M D Of LL OJ W w L 0 1- v v N I- 0 O I- O > 0 O O N O LO V O w J N N L0 N� (fl (fl O M (fl Of Q U M I\ N V O 0V (fl J U< (iS M O M CO CO O O L0 M Zm U N N N N N N N M V L0 00 W z z J Ft? LO < Z~ N C0 I- I- LO m O M W V CD M N C V N V C0 LO O O LO W ~ U O Of O O W (fl V O V M V (fl U)(� E L0 O O W- C0 V V V C0 LU Q Q E V L0 O C0 L0 V - CO V C0 O J p >---------- U uJ o J LL < 0 w M r- r- N W N W W z O O O V LO V W M w L0 M O N M N O O (fl l O I- C0 VIn M CO N 0 c L0 C0 C0 M CO C0 V I- N N O N� V L0 V CO U (fl C0 V LO V V V V V C0 J fH O I- N 0 L0M V LO V CO O N (D I- Cl) Cl) W V CO 0 N r- O co V V 0 O w L0 CA Ln (fl r- M N C5 Ln O) X O CO O CO O N I- I� V V V In O O 0 H 1- W W W W O O O W fH M O LO W N O V V O V E O O O W N M N V CO W N N O M V V O I- W O OI V W LO M N W O r- O X O N O O O Q fH 70 I- W O O N M V In (fl N 0 0 0 0 0 0 0 0 0 0 0 U) ry Q W U U) LL Z LU U) Q O O O O 0 0 O O O O V V O ch 00 O 00 N O N CO LD N O LC) LC) CO V O -p 03 m O O (h (h (h I- O U) m 7100 00 00 00 00 00 00 0 U U) O i Q ; CITY OF AVENTURA, FLORIDA PROPERTY TAX RATES DIRECT AND OVERLAPPING GOVERNMENTS (PER $ 1,000 OF TAXABLE VALUE) LAST TEN FISCAL YEARS Source: Miami -Dade County Appraisers Office. 80 Overlapping Rates City of Aventura School District Regional South Florida Tax Debt Total Debt Total Water Fiscal Roll Operating Service City Operating Service School Management Everglades Okeechobee Year Year Millage Millage Millage Millage Millage Millage District Project Basin 2007 2006 2.2270 2.2270 7.6910 0.4140 8.1050 0.5970 0.1000 2008 2007 1.7261 1.7261 7.5700 0.3780 7.9480 0.5346 0.0894 2009 2008 1.7261 1.7261 7.5330 0.2640 7.7970 0.5346 0.0894 2010 2009 1.7261 1.7261 7.6980 0.2970 7.9950 0.5346 0.0894 2011 2010 1.7261 1.7261 7.8640 0.3850 8.2490 0.5346 0.0894 2012 2011 1.7261 1.7261 7.7650 0.2400 8.0050 0.3739 0.0624 2013 2012 1.7261 1.7261 7.7650 0.2330 7.9980 0.3676 0.0613 2014 2013 1.7261 1.7261 7.6440 0.3330 7.9770 0.3523 0.0587 - 2015 2014 1.7261 1.7261 7.7750 0.1990 7.9740 0.1577 0.0548 0.17 2016 2015 1.7261 1.7261 7.4130 0.1990 7.6120 0.1459 0.0506 0.1586 Source: Miami -Dade County Appraisers Office. 80 81 Overlapping Rates Regional Miami -Dade County Other Total Florida Direct Inland Total Debt Fire Total and Navigational Regional Operating Service and Fire County Children's Overlapping District Millage Millage Millage Rescue Debt Library Millage Trust Rates 0.0385 0.7355 5.6150 0.2850 2.6090 0.0420 0.4860 9.0370 0.4223 20.5268 0.0345 0.6585 4.5796 0.2850 2.2067 0.0420 0.3842 7.4975 0.4223 18.2524 0.0345 0.6585 4.8379 0.2850 2.1851 0.0420 0.3822 7.7322 0.4212 18.3350 0.0345 0.6585 4.8379 0.2850 2.1851 0.0420 0.3822 7.7322 0.5000 18.6118 0.0345 0.6585 5.4275 0.4450 2.5753 0.0200 0.2840 8.7518 0.5000 19.8854 0.0345 0.4708 4.8050 0.2850 2.4496 0.0131 0.1795 7.7322 0.5000 18.4341 0.0345 0.4634 4.7035 0.2850 2.4496 0.0131 0.1725 7.6237 0.5000 18.3112 0.0345 0.4455 4.7035 0.4220 2.4496 0.0127 0.1725 7.7603 0.5000 18.4089 0.0345 0.4187 4.6669 0.4500 2.4207 0.0114 0.2840 7.8330 0.5000 18.4518 0.0320 0.3871 4.6669 0.4500 2.4207 0.0086 0.2840 7.8302 0.5000 18.0554 81 \ \ E O « LU U) D ¥ U) p 0- w -i � ¥ L w 2 2 \ 2 Zn k Lu o « <0- < LL ¥ ƒ ¥ _ b LU ƒ E � U \ \ f = e \ = \ > / \ % \ \ % e> a w w d ƒ ® < a 22a / 6 ddd \_ 0 0 = 3 \ $ _ \ [-- \ \ \ \ \ \ \ \ \ \ /) $> a CD= w o r t t t t t o > ƒ ¥}ewdddddddddd amt ros=e/, k� oo - 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CO E E - o w E E � _ O U Z o N i O U C j o\ CO §\ >- z® �}/ Lu CO \z z a// §/\ _j -J ug 5 ) co co CO k}\ \7 /7\ o CIA CIAco coco coCL00 00 04 CLj \ - co - E7 - - CN \ \ \ \ \ \ \ \ 0 — CL _ CL CL \ —�} - - w A {\)) \) ® \ } \ \\)) \\R CN CNco cococo co00co 03006 1 coCall C6cocc 0CCO41 (coo (Dco co 000 co ) co co CO k}\ \7 /7\ o ) CITY OF AVENTURA, FLORIDA DEMOGRAPHIC AND ECONOMIC STATISTICS LAST TEN FISCAL YEARS Personal Data sources: (1) Years are as of April 1 of each year per the University of Florida Bureau of Economics & Business Research. (2) Represents income per capita for Miami -Dade County as provided by the U.S. Department of Commerce, Bureau of Economic Analysis. (3) Florida Department of Labor, Bureau of Labor Market Information. * Information not available. E3 Income Per Capita (Amounts Personal Unemployment Fiscal Population Expressed in Income Rate Year (1) Thousands) (2) 2007 30,383 1,168,074 38,445 2.5% 2008 31,044 1,216,087 39,173 3.4% 2009 31,126 1,143,881 36,750 7.3% 2010 31,181 1,211,881 38,866 9.2% 2011 35,723 1,410,523 39,485 8.1% 2012 37,239 1,508,701 40,514 6.7% 2013 37,725 1,516,696 40,204 6.2% 2014 37,262 1,560,644 41,883 5.6% 2015 37,473 5.6% 2016 37,611 5.2% Data sources: (1) Years are as of April 1 of each year per the University of Florida Bureau of Economics & Business Research. (2) Represents income per capita for Miami -Dade County as provided by the U.S. Department of Commerce, Bureau of Economic Analysis. (3) Florida Department of Labor, Bureau of Labor Market Information. * Information not available. E3 CITY OF AVENTURA, FLORIDA OCCUPATIONAL EMPLOYMENT BY GROUP - MIAMI-DADE COUNTY, FLORIDA CURRENT YEAR AND NINE YEARS AGO Source: Represents Metropolitan and Nonmetropolitan Area Occupational Employment for the entire Miami -Miami Beach -Kendall, Florida Metropolitan Division as provided by the U.S. Department of Labor, Bureau of Labor Statistics as of May 2015. Estimates do not include self-employed workers. N/A: Information not available. L•1'] Fiscal Year 2016 2007 Percentage Percentage of Total of Total Occupational Groups Employees Rank Employment Employees Rank Employment Office and administrative support 206,910 1 18.94% 210,070 1 20.65% Sales and related 149,740 2 13.71% 131,330 2 12.91% Food preparation and serving related 103,320 3 9.46% 79,040 3 7.77% Transportation and material moving 80,920 4 7.41% 78,020 4 7.67% Healthcare practitioners and technical 66,200 5 6.06% 57,110 5 5.61% Business and financial operations 60,300 6 5.52% 52,540 6 5.16% Education, training and library 53,410 7 4.89% N/A N/A N/A Protective service 44,180 8 4.04% 36,650 10 3.60% Production 42,490 9 3.89% 45,350 7 4.46% Installation, maintenance and repair 41,480 10 3.80% 36,700 9 3.61% Management 39,130 11 3.58% 30,320 12 2.98% Building and grounds cleaning and maintenance 36,340 12 3.33% 35,400 11 3.48% Construction and extraction 30,020 13 2.75% 40,990 8 4.03% Personal care and service 29,760 14 2.72% 27,500 13 2.70% Healthcare support 28,120 15 2.57% 23,930 14 2.35% Computer and mathematical science 20,390 16 1.87% 14,790 16 1.45% Legal 15,760 17 1.44% 12,720 19 1.25% Arts, design, entertainment, sports and media 14,960 18 1.37% 15,950 15 1.57% Community and social service 12,560 19 1.15% 12,880 18 1.27% Architecture and engineering 10,350 20 0.95% 13,480 17 1.33% Life, physical and social science 3,800 21 0.35% 5,490 20 0.54% Farming, fishing and forestry 2,200 22 0.20% N/A N/A N/A Other, not classified N/A N/A N/A 56,980 21 5.60% Total 1,092,340 100.00% 1,017,240 100.00% Source: Represents Metropolitan and Nonmetropolitan Area Occupational Employment for the entire Miami -Miami Beach -Kendall, Florida Metropolitan Division as provided by the U.S. Department of Labor, Bureau of Labor Statistics as of May 2015. Estimates do not include self-employed workers. N/A: Information not available. 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Our report includes a reference to other auditors who audited the pension trust fund, as described in our report on the City's financial statements. This report does not include the results of the other auditors' testing of internal control over financial reporting or compliance and other matters that are reported on separately by those other auditors. Internal Control Over Financial Reporting In planning and performing our audit of the financial statements, we considered the City's internal control over financial reporting (internal control) to determine the audit procedures that are appropriate in the circumstances for the purpose of expressing our opinions on the financial statements, but not for the purpose of expressing an opinion on the effectiveness of the City's internal control. Accordingly, we do not express an opinion on the effectiveness of the City's internal control. A deficiency in internal control exists when the design or operation of a control does not allow management or employees, in the normal course of performing their assigned functions, to prevent, or detect and correct, misstatements on a timely basis. A material weakness is a deficiency, or a combination of deficiencies, in internal control, such that there is a reasonable possibility that a material misstatement of the entity's financial statements will not be prevented, or detected and corrected on a timely basis. A significant deficiency is a deficiency, or a combination of deficiencies, in internal control that is less severe than a material weakness, yet important enough to merit attention by those charged with governance. Our consideration of internal control was for the limited purpose described in the first paragraph of this section and was not designed to identify all deficiencies in internal control that might be material weaknesses or, significant deficiencies. Given these limitations, during our audit we did not identify any deficiencies in internal control that we consider to be material weaknesses. However, material weaknesses may exist that have not been identified. Compliance and Other Matters As part of obtaining reasonable assurance about whether the City's financial statements are free from material misstatement, we performed tests of its compliance with certain provisions of laws, regulations, contracts, and grant agreements, noncompliance with which could have a direct and material effect on the determination of financial statement amounts. However, providing an opinion on compliance with those provisions was not an objective of our audit, and accordingly, we do not express such an opinion. The results of our tests disclosed no instances of noncompliance or other matters that are required to be reported under Government Auditing Standards. Purpose of this Report The purpose of this report is solely to describe the scope of our testing of internal control and compliance and the results of that testing, and not to provide an opinion on the effectiveness of the City's internal control or on compliance. This report is an integral part of an audit performed in accordance with Government Auditing Standards in considering the entity's internal control and compliance. Accordingly, this communication is not suitable for any other purpose. A16e-,Y/ caxalle-O & fie /ffay LLQ' Alberni Caballero & Fierman, LLP Coral Gables, Florida February 28, 2017 M ACSro ALBERNI CABALLERO & HERMAN, LLP ACCOUNTANTS • ADVISORS Alberni Caballero & Fierman, LLP 4649 Ponce de Leon Blvd. Suite 404 Coral Gables, Florida 33146 T: 305.662.7272 F: 305.662.4266 ACF-CPA.COM MANAGEMENT LETTER IN ACCORDANCE WITH THE RULES OF THE AUDITOR GENERAL OF THE STATE OF FLORIDA Honorable Mayor and Members of the City Commission City of Aventura, Florida Report on the Financial Statements We have audited the basic financial statements of City of Aventura, Florida (the "City"), as of and for the fiscal year ended September 30, 2016, and have issued our report thereon dated February 28, 2017. Auditors' Responsibility We conducted our audit in accordance with auditing standards generally accepted in the United States of America; the standards applicable to financial audits contained in Government Auditing Standards, issued by the Comptroller General of the United States and Chapter 10.550, Rules of the Florida Auditor General. Other Reports and Schedule We have issued our Independent Auditors' Report on Internal Control over Financial Reporting and Compliance and Other Matters Based on an Audit of the Financial Statements Performed in Accordance with Government Auditing Standards and Independent Accountant's Report on an examination conducted in accordance with AICPA Professional Standards, Section 601, regarding compliance requirements in accordance with Chapter 10.550, Rules of the Auditor General. Disclosures in those reports and schedule, which are dated February 28, 2017, should be considered in conjunction with this management letter. Prior Audit Findings Section 10.554(1)(i)1., Rules of the Auditor General, requires that we determine whether or not corrective actions have been taken to address findings and recommendations made in the preceding annual financial audit report. There were no findings or recommendations made in the preceding annual financial audit report. Official Title and Legal Authority Section 10.554(1)(i)4., Rules of the Auditor General, requires that the name or official title and legal authority for the primary government and each component unit of the reporting entity be disclosed in this management letter, unless disclosed in the notes to the financial statements. This information is disclosed in the notes to the financial statements, Note 1. Financial Condition Sections 10.554(1)(i)5.a. and 10.556(7), Rules of the Auditor General, require that we apply appropriate procedures and report the results of our determination as to whether or not the City has met one or more of the conditions described in Section 218.503(1), Florida Statutes, and identification of the specific condition(s) met. In connection with our audit, we determined that the City did not meet any of the conditions described in Section 218.503(1), Florida Statutes. Pursuant to Sections 10.554(1)(i)5.c. and 10.556(8), Rules of the Auditor General, we applied financial condition assessment procedures. It is management's responsibility to monitor the City's financial condition, and our financial condition assessment was based in part on representations made by management and the review of financial information provided by same. Annual Financial Report Section 10.554(1)(i)5.b. and 10.556(7), Rules of the Auditor General, require that we apply appropriate procedures and report the results of our determination as to whether the annual financial report for the City for the fiscal year ended September 30, 2016, filed with the Florida Department of Financial Services pursuant to Section 218.32(1)(a), Florida Statutes, is in agreement with the annual financial audit report for the fiscal year ended September 30, 2016. In connection with our audit, we determined that these two reports were in agreement. Other Matters Section 10.554(1)(i)2., Rules of the Auditor General, requires that we address in the management letter any recommendations to improve financial management. In connection with our audit, we did not have any such recommendations. Section 10.554(1)(i)3., Rules of the Auditor General, requires that we address noncompliance with provisions of contracts or grant agreements, or abuse, that have occurred, or are likely to have occurred, that have an effect on the financial statements that is less than material but which warrants the attention of those charged with governance. In connection with our audit, we did not have any such findings. Purpose of this Letter Our management letter is intended solely for the information and use of the Legislative Auditing Committee, members of the Florida Senate and the Florida House of Representatives, the Florida Auditor General, Federal and other granting agencies, City Commission and applicable management, and is not intended to be and should not be and should not be used by anyone other than these specified parties. 7Qe-,Y G'a6a��ewo & fie /ffay LLQ' Alberni Caballero & Fierman, LLP Coral Gables, Florida February 28, 2017 AC ALBERNI CABALLERO & HERMAN, LLP ACCOUNTANTS • ADVISORS Alberni Caballero & Fierman, LLP 4649 Ponce de Leon Blvd. Suite 404 Coral Gables, Florida 33146 T: 305.662.7272 F: 305.662.4266 ACF-CPA.COM INDEPENDENT ACCOUNTANTS' REPORT ON COMPLIANCE PURSUANT TO SECTION 218.415 FLORIDA STATUTES Honorable Mayor and Members of the City Commission City of Aventura, Florida We have examined the City of Aventura, Florida, (the "City") compliance with the requirements of Section 218.415 Florida Statutes during the fiscal year ended September 30, 2016. Management is responsible for the City's compliance with those requirements. Our responsibility is to express an opinion on the City's compliance based on our examination. Our examination was conducted in accordance with attestation standards established by the American Institute of Certified Public Accountants and, accordingly, included examining, on a test basis, evidence about the City's compliance with those requirements and performing such other procedures as we considered necessary in the circumstances. We believe that our examination provides a reasonable basis for our opinion. Our examination does not provide a legal determination on the City's compliance with specified requirements. In our opinion, the City complied, in all material respects, with the aforementioned requirements for the year ended September 30, 2016. 7Qe-,Y G'a6a��ewo & fie /ffay LLQ' Alberni Caballero & Fierman, LLP Coral Gables, Florida February 28, 2017 NNI-I b1i e � 19200 West Country Club Drive Aventura, Florida 33180 Phone: (305) 466-8920 Fax: (305) 466-8939 www.cityofaventura.com CITY OF AVENTURA COMMUNITY DEVELOPMENT DEPARTMENT MEMORANDUM TO: City Commission FROM: Eric M. Soroka, I City Manager BY: Joanne Carr, AIC',., Community Develop'MP Director DATE: March 3, 2017 SUBJECT: Request of Prive Developers LLC for Final Plat Approval Prive at Island Estates Condominium Development Island Estates Drive, City of Aventura (01-SUB-16) March 7, 2017 City Commission Meeting Agenda Item 'J ('T RECOMMENDATION It is recommended that the City Commission approve the final plat named "Prive at Island Estates" for the Prive at Island Estates condominium development. THE REQUEST The applicant, Prive Developers LLC, is requesting Final Plat approval of the subject property with the intent of replatting the north island of Island Estates. This replat shows the current boundary of the north island owned by the applicant, which includes lands conveyed to the applicant from the State and excludes other lands conveyed from the applicant to the State since the original plat of the Two Islands In Dumfoundling Bay was recorded in 1991. (See Exhibit#1 for Letter of Intent) BACKGROUND OWNER OF PROPERTY Prive Developers LLC LOCATION OF PROPERTY 5000 and 5500 Island Estates Drive, City of Aventura (See Exhibit #2 for Location Plan) SIZE OF PROPERTY Approximately 8.156 acres LEGAL DESCRIPTION Part of Tracts B and C of Two Islands in Dumfoundling Bay, according to the plat thereof recorded in Plat Book 141, Page 66, Public Records of Miami Dade County, together with other lands in Sections 2 and 11, Township 52 South, Range 42 East (See Exhibit #3 for full legal description) DESCRIPTION The applicant proposes to replat the original Tracts B and C of the north island of Island Estates. The purpose of the replat is to update site conditions as required by the Administrative Site Plan Approval by showing the new boundary of the north island after conveyances in 2006 from the State to the owner for accreted land and from the owner to the State for submerged land. The replat also updates a restriction on a plat recorded in 1961 that prohibited development outside of the bulkhead line on that 1961 plat, due to the circumstance that certain land outside that bulkhead line has now been deeded by the State to the applicant. The parcel is currently under development, with two buildings containing a total of 160 condominium units. Final administrative site plan approval was issued on August 21, 2014. Nothing in this replat modifies the existing final administrative site plan approval. On November 23, 2015, the City approved the tentative plat for the site. The tentative plat was approved, with standard conditions, by Miami-Dade County on December 11, 2015. This tentative plat approval was extended by Miami-Dade County to June 9, 2017. The proposed final plat is attached as Exhibit #4 to this report. ANALYSIS Site Plan - The final plat submitted for approval is in conformance with the approved tentative plat and in conformance with the application for administrative site plan approval. Zoning - The site is zoned RS2, Single Family Residential District, according to the City of Aventura Zoning Map. There is also a Vested Rights Determination Agreement between the owner and the City that governs development of this parcel. 2 Future Land Use Designation - The adopted City of Aventura Comprehensive Plan designates the site as Medium-High Density Residential. Access - Access to the site will be by way of private bridges and a private road on Island Estates Drive. There is a private access easement from the public right of way on NE 183 Street through Island Drive to Island Estates Drive Compliance with City Code — The final plat has been reviewed by the City Surveyor and City staff using the criteria in Section 31-78 of the City Code and has been found to comply with those criteria. 3 r Fortin, Leavy, Skiles, Inc. Consulting Engineers, Surveyors 8 Mappers 180 Northeast 168th Street North Miami Beach,Florida 331623412 Daniel C.Fortin,Sr.,PSM President Phone 305-653-4493 Richard L.Leavy,PSM Secretary/Treasurer Fax 305-651-7152 Daniel C.Fortin,Jr.,PSM Vice President - www.flssurvey.com Michael A.Vazquez,PE,LIED AP Vice President January 29, 2016 Ms. Joanne Carr, AICP Community Development Director City of Aventura __ _ 19200 West Country Club Drive Aventura, FL 33180 Re: Prive at Island Estates LETTER OF INTENT Dear Ms. Can: This letter is written and furnished to the City of Aventura as inducement for acceptance and approval of the enclosed application for Final Plat/ Subdivision Development. The City and County have already approved the Tentative Plat; therefore we are moving forward with the Final Plat. The proposed Prive at Island Estates plat proposes to replat Tracts "B and "C" of TWO ISLANDS IN DUMFOUNDLING BAY according to the Plat thereof, as recorded in Plat Book 141, Page 66, of the Public Records of Miami-Dade County. The development will consist of 160 dwelling units. We believe that the requested development will serve a public by further expand the City of Aventura's corporate citizen tax base. Sin Yours, .0 Damian Thomason Project Manager EXHIBIT#1 MI Fortin, Leavy, Skiles, Inc. BROWARD COUNTY L __ DADE COUNTY • f ■iVTIVrt TA V�'It3�Tr, Gu 471 ■ Park stream YACH LUB DR. • el ■'_MARINA • •Avennna HARBOR COVE a ■ Hospital �aQ WAY • CIRCLE ■ • & Medical " LLj wPY • ✓ Center Q MA,IHER ■ V ■ ✓ ® ■■ Waterways ■ ✓ IIWATERWAYSliji)ls Shoppes 207 ST. J ■ ■ _FW ■ W a Q a COUNTRY CLUB OR. • The N 205 ` ■ ■ ■ Promenade Shops co p • • IVES DAIRY RD. r 203 ST. O C7��t�j ■ ■ r '�)9 ■ ■ ■▪ L ica a. ■ • 201 TER. a • -J ■ a 0 Turnberry Isle • • vp. m Resort&Club s Q ' AVENTURA 0�- ? • W I � P 0 v O • • Fire d I r (1) • • Rescue Aventura C J• Q • ■• Station Library I—z C.' 3 • •• _ O > �r •• ✓ I_ to • ■ Aventura Mall _� • •• 0 YR041 Q • City of Aventura U SUB ~J • ■ Government Center LEHMA •SW . ' ✓ 192 ST. 790 ■ WILLIAM • 192 ST. ■ QQ • 1_ `, 191 ST. �� Q� •W ` ST. MYSTIC + R. • Loehmann's - • 1 a Fashion ui • 0 • Island ¢ __ a > a a 188 ST. • m I a . z MIAMI • 187 ST- I 33180 ;• w GARDENS DR. • 1 O — —• — 1:—T._ _._._•_.336 %• • 1• 183 ST. Ba foundling North • Island at t'` .----'-5, Island Estates mantiOceans Williams :• Biscayne } Mamie n' 2� Sound i Harbour 180 S - N Lake • Point 0 i� • ;• East , /' -1 • 4.• 'tarpP• 8 2♦ • a P• t _ rock • •• a • • �` 1 LEGEND Lu ,. . .; Q : a Maule ♦♦♦ �� �- i Lake • ♦ /I — Roadways ♦ L ■ •♦ _ City Boundary ■ • -.-. ZIP Code Boundary I■ .♦• Railroad J I i • / E . ♦ } --1 c EXHIBIT #3 LEGAL DESCRIPTION OF LAND The land referred to herein below is situated in the County of Miami-Dade, State of Florida, and is described as follows: Tracts "B" and "C" of TWO ISLANDS IN DUMFOUNDLING BAY, according to the Plat thereof, as recorded in Plat Book 141,Page 66, of the Public Records of Miami-Dade County, Florida; TOGETHER WITH THE FOLLOWING DESCRIBED LANDS: All lands lying above the mean high water line abutting the following described parcel in Sections 2 and 11,Township 52 South, Range 42 East, Miami-Dade County, Florida: Beginning at an iron pipe set in the center line of Collins Avenue on the North line of Gulf Stream Park, a subdivision recorded in Plat Book 35, at Page 51, of the Public Records of Dade County, Florida. Thence due West along the North line of said Gulf Stream Park Subdivision and the prolongation West thereof for a distance of 3,350.00 feet to the point of beginning of the tract of land herein described and also the beginning of a tangential circular curve; thence Southerly, Westerly and Northerly along said curve, having a radius of 175 feet, through a central angle of 180° 0' 0" for an arc distance of 549.78 feet to the end of said curve;thence North 15°0' 0" East for a distance of 950 feet to the beginning of a tangential circular curve; thence Northerly, Easterly and Southerly along said curve having a radius of 175 feet, through a central angle of 180° 0' 0" for an arc distance of 549.78 feet to the end of said curve; thence South 15° 0' 0" West for a distance of 950 feet to the point of beginning. LESS AND EXCEPT the following submerged lands conveyed in Quit Claim Deed to the Board of Trustees of the Internal Improvement Trust Fund of the State of Florida, recorded in Official Records Book 24846, Page 2154, of the Public Records of Miami-Dade County, Florida, [said Quit Claim Deed] being more particularly described as follows: All lands lying below the mean high water line located within the following described parcel in Sections 2 and 11, Township 52 South, Range 42 East, Miami-Dade County, Florida: Commence at an iron pipe set in the centerline of Collins Avenue on the North line of Gulf Stream Park, a subdivision recorded in Plat Book 35, at Page 51, of the Public Records of Miami- Dade County, Florida; Thence due West along the North line of said Gulf Stream Park Subdivision and the prolongation West thereof for a distance of 3,350.00 feet to the POINT OF BEGINNING of the tract of land herein described and also the beginning of a tangential circular curve; thence Southerly, Westerly and Northerly along said curve, having a radius of 175 feet, through a central angle of 180° 0' 0" for an arc distance of 549.78 feet to the end of said curve; thence North 15° 0' 0" East for a distance of 950 feet to the beginning of a tangential circular curve; thence Northerly, Easterly, and Southerly along said curve having a radius of 175 feet, through a central angle of 180° 0' 0" for an arc distance of 549.78 feet to the end of said curve; thence South 15°0' 0" West fora distance of 950 feet to the POINT OF BEGINNING. LESS AND EXCEPT the following described lands [from said submerged lands]: Those lands bordered on the West by the Easterly terminus of Easement No. 26140 (3030-13) between the Board of Trustees of the Internal Improvement Trust Fund of the State of Florida and Murray Blattman as Trustee under the provisions of a certain Trust Agreement dated December 18, 1975 and known as Trust No. 75-Lt-21, recorded in Official Records Book 12314 Page 2066, of the Public Records of Miami-Dade County, Florida; on the North by the Easterly extension of the North line of Easement No. 26140 (3030-13) between the Board of Trustees of the Internal Improvement Trust Fund of the State of Florida and Murray Blattman as Trustee under the provisions of a certain Trust Agreement dated December 18, 1975 and known as Trust 4 No. 75-Lt-21, recorded in Official Records Book 12314, Page 2066, of the Public Records of Miami-Dade County, Florida for a distance of 79.80 feet on the East along a line running Southeasterly until it intersects the Easterly prolongation of the South line of said easement at a distance of 105.82 feet from the Southeasterly corner of the Easterly terminus of said easement, thence South along the Easterly prolongation of the South line of Easement No. 26140(3030-13) between the Board of Trustees of the Internal Improvement Trust Fund of the State of Florida and Murray Blattman as Trustee under the provisions of a certain Trust Agreement dated December 18, 1975 and known as Trust No. 75-Lt-21, recorded in Official Records Book 12314, Page 2066, of the Public Records of Miami-Dade County, Florida for a distance of 105.82 feet to the Southeasterly corner of the easterly terminus of Easement No. 26140 (3030-13), said lands being located in Sections 2 and 11, Township 52 South, Range 42 East, Miami-Dade County, Florida. 5 EXHIBIT #4 FINAL PLAT OF PRIVE AT ISLAND ESTATES 6 FORTINLEAVY,.SKILES,INC PRIVE AT ISLAND ESTATES P.B. , PG GU4R o1 FI ASMORMA- /M&M x LLVMEn4 A REPLAT OF A PORTION OF TRACT E'&A PORTION OF TRACT'C', TWO ISLANDS IN DUMFOUNDLING BAY, SHEET I OF4 PLAT BOOK 141, PAGE 86 OF THE PUBLIC RECORDS OF MIAMI-DADE COUNTY, FLORIDA, AND on(14IR R¢wo..114/ UACfT®/.wi A RESUBDIVISION OF A PORTION OF THE SOUTHWEST ONE-QUARTER(1A)OF SECTION 2 AND \, ".".rn ,% NORTHWEST ONE-QUARTER(1/4) OF SECTION 11. TOWNSHIP 52 SOUTH, RANGE 42 EAST, CITY OF AVENTURA, MIAMI-DADE COUNTY, FLORIDA. JANUARY 2016 POWALEYEN SY THESE PRESENTS: LEGAL DESCRIPTION ICC TINWTDNI'. CIIYMEAVEMIJYAPRMNNS'. WI AAA n LOS x l[t l LL:WO. t.GEL.ANON I'NI SL SNNMWW LAN/S$ AllAulith Y .OLA ou L. _.1NL ANL L v ., L',SLAIN. )of AC OIL L V L\ L " .OFV f q [N ILEA TO 19,21-F ] P I F xbx'Te 1 uFN., 4Xs AN'4N N AODA F// �.mwr,NS 'FeI F" rt[FF.O W',c OVV x Y1 OF ♦..)Oi] BLETAAN AS"PUS, MUFF 1.,FASASIONS OF 0 SYRIAN 17.5"A.YEEVENT:ARO CP:EkirRe M 975 AND LEGDEscnPTRDx: \ L •LASPDF.CP ULAN OA..COLIN` ,C•DA ON HE Nr,-BF TAL[ASTIR."OTENSION OF I A XDP-11 LA_01 FHA /w _ v:. . 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ACKNOWLEDGMENT 1 -x5 FOR y ECN _O AND ANC r...1 A N w1 0)AY PARK 1 BEE IL AI PA T 1.11 IRDA PI°Fin-IN r F CFNT-191INF OF COL PIS Aii-NOF"A I'NOP-11 INF OF CU, STATEOFFLCHIM )BS: IA/Ow WLWYOFMINA-DADE 1 •141 A OF IA IN AK NIL¢vrvcµ m4m 0. n A t _ W NF.N N HAAS Ar., F EA OM Ar, A . . O F AAFF AEUI AMNIA xnn A;I AE INA n!V a MA\.• ';x ALUM n.vx 'F1 E O A- 1.Cx FN A:utx M A, LF OA END OF SS 7. 0 Elf EW FREE AsT AND DEO AS o.•OF DEP DOE OE ORPOOS'WA IN O x N�4v ANL AO IL OR A ,1 m [ux . A- O 111.MI WM'ON NiVOR WOODEN 0 A 1.041111.LIEFSOVA..O/L FLA.!riPIHERLN A,.iiiii,*NH'ANL,. A.-N A 4V[.,N F. 1[ WO Orr Auxmr. 7I11FI EENl.. MMMADADE COMM APPROVALS. "NE -.ROLL'. _ ____ AAO _ ... N V xxNS C/A1• AFa .M R R. LRE OW R, Al4M WA {ADBAUL N ` 31°E OA CIS LI M4WI-0ME COUNTY PLAT REIAA INLYAJAL ALLEY S.L.NS STRICTIONS. PE.HS O'EC AI HEN HS soREISIAN EY__P RECORDINGSTATEMENT. vselvrt 0T I ✓_. EOEC A4p4 sD Wk' M u u / na IE [rte Eve ,.� O AUMc. n LA [O w ANA{ ate. 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N^^'x� A I F ]1 AEI N VLVA A r V A /FAA n 1 W•OF.AiL \%p�, 6.ERACT Es EwvFvm LOCATION SKETCH n IR 'AA A, A POTION OF THE SW RN OF SECTION 2 a NW.1/4 OF SECTION IR,TAP.52 SOUTH,AGE 42 EAST 1 N5 M ./ CITY OF AVENNRA,MIAMI-DADE COUNTY,FLORIDA SCALE:1'.]an -_ _ Fx1. 1 ORO MAW SO• 1,I -----IN LEAVY SKILES I..r°l PRIVE AT ISLAND ESTATES P.B. ,PG 0.ONSULTO ENGINEERS a SURVEYORS MO MAPPERS A REPEAT OF A PORTION OF TRACT'S'6 A PORTION OF TRACT'C'. TWO ISLANDS IN DUMFOUNDLING BAY, SHEET 2 OF 4 PK 101014.14IFAX.10411 lea PLAT BOOK 101, PAGE BB OF THE PUBLIC RECORDS OF MIAMI-DADE COUNTY, FLORIDA. ANO o.x'.(L4T1RE XADM3 l n•PI*llaATyla m A RESUBDIVISION OF A PORTION OF THE SOUTHWEST ONE-QUARTER(1/4) OF SECTION 2 AND a 3 NORTHWEST ONE-OUARTER(1/0)OF SECTION II, TOWNSHIP 52 SOUTH. RANGE 02 EAST. CITY OF AVENTURA, MIAMI-DADE COUNTY, FLORIDA. JANUARY 2018 LANDS SHOWN HEREON ARE ENCUMBERED BY NESE SPECIAL EXCEPTCXS: LANDS SHOWN HEREON ARE ENCUMBERED BY THESE SPECIAL EXCEPTIONS(CONTNATION): MJIiTWGE: 4L YIN 0, 1.41„ w x)4a41. TIM,.4.141 1.11411 DAL IL D 11 110I 0 52 1445,AN', -"AAA He OW1/4LR AND HOLUA JF . A kr.11.1444CE AND„LOKI Y AGHLEILNI LA El 244 EAU 1p F 5 C 4 r,,r, YUN MM 00, I I44 M1 R)J. 914 1..o C b094 AGE IS DE THE c 9 Y o0)Rr. Y-.NI r.0 xlv. 02 V410 pr WOX I4 DOES 115PHSH 0044"450 S 5 Al YID [A IAEM ANC AS I4 .OLIN.IN 1-0 THOSE itMA CSS R0 LL 53 P.RE C OS of M%ESL 0,00 UV "W 000 IS14 5 ISO Eup[v x IH13•..P_ A I,,, RCN.IEP _r a 3 0 E 00004 EPO0, CI rA EC ELPIAISH 8 LYS]out 0 .0.100. m�v AKC_H O WHEREOF 1S C W N Rx L r „y„.„...0„,„ Dr ELIE u55 I N 41! M [COS V ONCE TA q IN Ht PPLSEN„s EST 1M L.SCS 1/411444-040f. _AID..N It 1912 AND KNOWN AS FROS NO 12-.1 A AltD Y OC OPER yi 2301 IN5 0 HOOK Spy PAS, Ill. IMNAVI IS HIVAI 15 I I II 01 IL MAI F PRIMA,IN - r MAXIM CREDIT GROUP.L1C SORMAv CONCrEIEH 10i MIF M _V V x 0 ME) 511 I R C 141500PDS OF VYV N)I NT '3'PAGE ' INC C RCO 914 1'10 -ry 4,114 LIYI- NIL'14 444 AN 197 144 H w x .i „HI Wul aryFvl 0: N NUN 4\ f12Nr 0A.0. )I) n 012 xna4.no, AE 99 C t NrR „C nu M4„yopy„ As-RUSTED°Nosy 4VO sN f SIA 1 LVAIF 1A_.L„ wL_e-ma t„,„, „,,0„,,,AUL w 9. o-.n- 4 RIs 1 r Ona n ACKNOWLEDGMENT1 ' PRI,40 M F oHirA AA 4 E u3 L[4 v, AL NU,v 1 sli n VA or 4...4I N I.C.10530.PAH suit OFIEYLYGRN ISS SCPPSPAIION NORMAN "050 AS IP f ICOR I COUNTY I E t If'HE PPC415114s OF A SEPT."RUST ACRFAFF44 ELATED APRIL 30 197,Ay,IINDIIN.'PUS ND p wu E Cr 20 VAR' .. 1 o roc xr,29 Nr 00 0 r AC HVA_H'OHS-LH „, HI'rAi5°444,1ILAPEPH' .L p+214 p 11 P.:HE OFSCAL HEREIN DriCRIPF5 AN"WAO 110. „S4 - L. SUCH _E C 1 -x NUS"NO 72-1T-3 AND NORVAN PDF'II A:IS-I f 415"14.'HE PROVISIHN:OF A"PHAN MAT PpyR Y M ALLIVT 4 5014 V x 2454,5, PAC 00 4_V LL IM"I Ax 0A A45ELE Ox'E I r C 0000 14VY TPCI 00xS. X N N u\.N Y AA + „„. AA.)C A AS'PUS 100 -1LtD SoCLIALIEH5/ 1:I.R.3.10 4a„- 'AN.`SNOWS NC ID 411.1111-_,A050 C0u TEAL SU6p1270N OF -OF ILOR , A UNOE MIEONS.IV V N So 0p N v C WUS �i,p 4 1.p�Nuc]9)S[ P4�1 ) v +r tYIRf S, DECI.APATON OF 5,11,Ft 545.11.45 As"51.15.00 OSLAR ENO II s'e°or 400 Y. 00„104A4 .910 N"Le 1 . 14A A. 44 v 004144010 _ VI uA 124 51 R A ,v )e,.440 n r I.1 r. ............. JNx P:0000` 0R 044'O oo:CON MORTGAGE'. • ry ... Ar,1 f yli. I Fs VAR-IC 51'4 ROCK.\ PAPE RiL E 110 41.x l R1... AEVEN v oF 4X4 [A01 \I -0'HAT LR AN V5P-ACI AND 5 01 pr 4 N 54 PA" 114 A LH PUILIIIL RE e„ 4wvPLONI MOH N ,r LA011°41' Lr N _ _ u w LN AO, 4 I ,Y A Noon. X4. '.r .Pa 1.-. PAA;. ALL s. 10 y ttA ECv,S .0 00410(11-3<01,.1, x v IN WITNESS WHEREOF IL 115111!AWN 9I AN'..n...H. IA v ev.I IN Pry 4511/5, p 0x01 a w. OH 1 u I .I. v.a x_R .Gr A 4µL 4.C 1P: 4151511 0 IP -TRUST IC 75-L121 41105A51011aF AlPEEVE, 9.'4"1."-H 0 rvN.'SIL- - 3. V..'OR NLNS-II, IA-. i_'5 013 N DR JC[ Ay 3A .1 C+.E 0J5,Cs MAM LAE._'COWL Y. VNT Ni WVf- - - 4ALL[4a_0] 0 IS'a AND AVENJV411- A.11101 w\w.I+,I ,AA t PAR-NEESH4 44:NCPNW +'NIA - - EEEME\' cEAVBE .H3 rut_\_ ACKNOWLEDGMENT 1 _ua _2 44°1STATE OF FLORIDA ISA ,.x 00x0. COUNTY OF 1 „MU, ]G VEi N0 C 400104„AL, R xvrml 2 '104 v 1R HWY 2 4.I A. I IA I • i.,,,RD' M 14r, MIN'S u 1 N4xl09 LARCH it '9w INn1 «'4E1 Y.xm_ „H.„AL o_ 0 . A> t4a 045 'UFO sr5F1F.,a R. C0 00e.1A Ux I • N x „,x ,uR,Pu r 1 Rrm 4u .ANI co wT. �aL NA„, W" 50000x4111 4 'YM.L0 AND AS TRUSTS 0 LLEAWLE -O PAP 21 .44..0\.x06.5 - 4SY.ti OA JO 61 - - wv 2H, . NI Pa,10 LVL 4uPM11 PAINS,1 .L F.L.ANDD U...C N4Mi ADE COU-v. CCSENANT PUNNING0. w'00 1r.- uE- X01 44 3 EE0111011 a,I191 IN 0E BNx IA.PAGE 3.[.-'LIE-A1C NRCS 9E 4YM.040[0009'v. 1111 VS FA:1115N5 RRVCNI WILLIAMS 6x10 AS:0040I[1 'D A F SR,114410 PARI\IRS-i. AN"V PRA BuilllAt, AS HOS E.1115111FR HA'CERTAIN'RUST AGP(041555 DOTED D5CFVFIEP 0 1975 AN:<NowN A:LP4H5 NO rELH-2. :MEL 404EVEEP 2, "91 PLED.Ao . xL AL L „„y,„AA 1„„53. M __ 9a. x.e RECORDING STATEMENT. t'‘ PRIVE AT ISLAND ESTATES P.B. ,PG \ t . A REPEAT OF A PORTION OF TRACT 9'6 A PORTION OF TRACT C', TWO ISLANDS IN DUMFOUNDLING BAY. SHEET 3 OF 4 1 FORTIN LEAVY,SKILES,INC yy PLAT BOOK 141, PAGE 66 OF THE PUBLIC RECORDS OF MIAMI-DADE COUNTY. FLORIDA. AND cp,SSTxq[,pEFfxv SRYEYORS M,oF> SS..9�a Ct. A RESUBDIVISION OF A PORTION OF THE SOUTHWEST ONE-QUARTER(1/4)OF SECTION 2 AND 160.45.16113 STREE-1 POOH WM MAG. Y vR A OMA S NORTHWEST ONE-O CITYARTER OM)OF OF AVENTURAEMIAMI-DADE COUNTY,CTION II, TOWNSHIP 52 SOUTH. RANGE Al EAST. /-T� ox:nRm1 n 1Eraum rmlalal •YE 2�L333 v4 5 IOR � (yp��8'y�s S� JANUARY 2016 \ / b 0. {111%,, "6 SCI_ son , q m GRAPHIC SCALE ,oft--N `- sine .NM II - �L� TE 1, 525"�E�1• TRACT'A'MARINA) BULKHEAD UNE Mm wPUTBmMT4,PAGEPI 156 PS 3 li m �� PEP RAT 0°05155."AGE' ' ,M,AM i ,M� DUMFOUNDLING B A Y aE `A S Tp ELEVATION 1211now ,En,655..200)4 EbT444741%leat 4 E{�Ex� SME, i0 3 < �I��2,2„,,T • TRACT•C' • ARB, bBBB�U+� AREAa CC AWACS u $ F`EG�N�"omaEmY OF MMUS.06E0 LDTIe tPPw,f�a ., 55 'R°N'*c PEP PLAT f E21157OAS"PM •<y Ea �• „B PERB.mMML,.bEMR TRACT'E' Ste'"e'EBu N .�. �ncx.L�x,Ea•;ea• wvE Inn ' MOM La matt c'4•a.• 1 ax• • DEED m. PS 4.95 (-'TRO AA a r0, 't Im MnImEw M T r % rE.Ta w.l E4M06 ,MAI* OR/ME°+GE� ,4 ' "0471514154 4 1d° PORTION OF TRACT'B' S9 _ Q"'D,W tE�L��,,� uArs ma SSMra MY An-402 WWII Len E"'6TGx" BG, 4q IEBIx,J �..: .Cf 4. is Ur NKPIPEMM SCp .1 BBT PEE _ aw 6` i umlm PsliSOOM1WY Ce \ �EY�40frB4,�M�4 IEEE MEET 41 ` 6RAr SRR BASFAINE wrt LMur • M0tia. `4 �\W6r. I�EGWVIOImM�IP_YF A.1•PIiO F1 `� WVEpxw•R4FSY - �.4 N RAC R, ACREss as PSI MOO- ` °"°'W"°MOW .. `arF18MAT\ TSQU FEEti. MT J.'9 TRACT'ENNUI C PORTON OF TRACT 9' 35,5,27‘ b52 E0)ww°MY 411.101ED LIE AS mo MAME PI mato 5.55 \ MEeE SEE:n ' PA at FE 113 vla -,w PUT BOOP 74.PAGE MAP mamma UE 0 's4 _ e 14•TaS aP:P91 w• IEEE 5,441..•4) - 029401 w1 MTB9 IT GPAGEMM. 1 p'B., � 9Er ryw Of MAT IBE BNEE19 yj '' 'I�ba1 •••••••"—...;YAm _ __. ,. CO, 0,0 ,B LIE w YT la • BEBEIRNI 1y'' LIILII ` �.BAa,&I SA0S CP AIREECA CPAa04 PORTON OF TRACT re' PAY S'OEEAIEIS4OirPEROSSES HIIPS40r a95BwWYEASTERS UNE OF SIAS!ISI MT50*41.P0Pwn: PIAT Boons.PAM SNORTH UNE OF MU I STREAM PER PUT BWM I.T PAGE. LINE TABLE a Fora __. ofa�Emer DUMFOUNDLING B A Y PCS PIPE TYE ErcmusB4vE LINE BEAR E 'LENGH al UE6ou2REAM YAP. Pur BOOM P.,xEI nuTlw•Tm1 23 iff 642705•4777 ; 42 46 3, 5,40E26, ao en, N27 25157E .1 44 .65 SM 637751 : 45 27 50 MT 57060 50 20 000 31470 , xuzln Bo „2,. s„.2,„„„,s„.2,„„„, LEGEND: Bzv 07 47 540e0,2s •63, 6 ituvow 1.0) Pau., w B Mo TE PERI/ANEW REEFREMLE MONOMER 136 sr . — IAlisw'TUT 162 35• N13-095 OM I 53 1 SI ly SDP 171ME A w 0ERan1E R RAMOS ITm+-M NESS LICENSE 13 07 y L ASO LENGTH xnvn.l -wt..µ 01m SIXNEYORSNO1E: 1 57 .61' 5270741W 56 MPS DeDMM ell CHORDLOCTH 0. M 15M 13000P _ . DIMM PIM e.. . x _lox wt o �I 1•049„,..„1 s PS PAT 771.11171 n22-4c a Nox IL 011_ wn �x i x ,¢ PAP / RECCRDNGSTMBlM m Lint [PPM, R u m BItome 32 45 M IwEw u0 m x'MS AT w .A , wv I. I r 11115 LA•,•uuu Lm .. DMiV nrsR<T L Ai 42 54' POO 32•261- M II I,• 550 5449-1 cam memo,now niece Iwr. .m a,.®,Mea., 35 •4a• . 634-5•45762 m az 534'4207W RISSIME4SMTERMEMDDMEMDMD Mn . DEP, Aum ee FORTIN,LEAVY,SKILES,INC. PB. ,PG CGv9 oTwoILE� ERSIPURVEYORS NND MAPPERS A REPLAT OF A PORTION OF TRACT Irl A PORTION OF TRACT C-, TWO ISLANDS IN DUMFOUNDLING BAY, SHEET OF0 y AOURO� PLAT BOOK 101, PAGE 66 OF THE PUBLIC RECORDS OF MIAMI-DADE COUNTY, FLORIDA. AND Nomesomn ma aT.R027.0VrOCADNO Iln�ae4TpArpoul.1 A RESUBDIVISION OF A PORTION OF THE SOUTHWEST ONE-QUARTER(1/4) OF SECTION 2 AND \_ Ann _ ___1 NORTHWEST ONE-QUARTER(1/q OF SECTION II, TOWNSHIP 52 SOUTH, RANGE 02 EAST. CITY OF AVENTURA, MIAMI-DADE COUNTY, FLORIDA JANUARY 2016 GRAPHIC SCALE I 1-0' 199 (IN FEET) TRACT W(MMINA) ' ��NGn-w n. WNM MATES Fa 440 wp 'ALS DUMFOUNDLING BAY EGN PF �� 92�3 (E 6 s i LOTITRACT'C' Ax."4.10 y� rvznxvx 5 99 e8 6 1,y G b 8I _ 3034 y, :i ... • I 426ssa WAIFSTRACTr I Nye. IWO Pi le403Sal' ".° 4A/lc y ,94' w, R'�u' la PORTION OF TRACT ar .e d Y t % `*Play Jdrie: g g' W KO.°'1O w Lss14 Lop -, 3 s a sNyO;xw.239 m f 1� 'xb 'ravrx-„ PAN LBWS --i- '°' nnes W Ve 901 -- N,.N10, solverTAv.p71Y ;Q0, -x1 - n v+�zot10B - __ Fxx.Laxa BRxLaxx H non= 4 _ SURVEY :( 1 . 7 '� BASELINEi BASELINE 11 24 8 ala s- -C^s 'Frm l Mao' Szonb4 4 442 0wex .lax, �� RtsF FRMLmmv LrT p77 • ronmx a y, xSUURVEY 'f No at PORTION OF TRACT IWO MOMS II EILEFOLSOLNOu' 4 'A'Fry ?IA PLAT CRI NIPAGE RM ] EAE .-� F°P114'.It 9 ; PRA mos/ r ' . II FaN.Lmex A 4E31 „ie. PAM Laxx ^ LI too 52, U2 L.. 420 .n xxr*mh 66991 '139-52. LEA "Zr" PORTION OFnr TRACT TWO RAT 000"9 421 FIB s neannon nee LINE TABLE DUMFOUNDLING B A Y ui4 LENGTH BEARING I UNE LENGTH BEMING 96 30 9134 420TE' 36 06 519 S57-4,36,9 5 93 E•29,1001,91 1 se 9p meg 20,9 A 311 S4 • N70 4119.99 I 15 54 SO12 90 IVE 43 59 4° , EN 452r9 I 30 119 4472 21 55)7 4, 4211 ; so 1131WE 72 35 975 42 4" 47 z 4 ul au so Ns I sal now LEGEND: 55,0 42,4 2,0, 5, one I snroano r . 1 136199 513 z. x3.27 F ;' 54 11 216E IBS N12 412rE ro.NA1p RBrERvcEewuNFm x 5.515 Lxwz-xlsx1S4'CENSE 53.)lo xis441 E II u 32/-x IA an 52 ns 03 54wE eavn.L v p, FRx xgGAT[pre u se 1w oexG F4ww m•4117042 wPILLROWL ixrclm 3 49 53 non 3517E 5 se _ 'on _5659370519/ t MORE OR UIS 72 17 NIB 9129'W , 59 1990 so t3VOVI Ono OFFICIAL Rin99.9 BOON "42it 97 69 N11,1 31/4 60 13 19 S32-13420-W DE CPEEOBOOK 2,e7 72 30 900954 DOW 4 6, PC) PAGE AR 50*53 STATEMENT Il v F w 99 01 4191)-0Adi P919 ss So :3754;42:„'Eti To ex xY.x045 n2TLxvRI:RNxx 1-IE 11C FDAN6TWWNrv. PAT 42x107 Fay.W MALI [ wv rF o1'199.L[ F4I rvr r xuvLo LEN ur .N - m¢v xi MORAL x�x'119MNF 7Gwl.NE CRICK rttcmlrc.Fxvwv.lxv 44I I' uv�o lxmx 420nµx Ww1l4 4PlPW16x want..1.EI16MCM NmnuRwrtirtuT nxrt KVFnmJu02B1w.'7pt nil APPLICANT REPRESENTATIVE AFFIDAVIT i err Pursuant to Section 31.71(b)(2)(i)of the City of Aventura Land Development Code,this Applicant Representative Affidavit is hereby made and submitted. The undersigned authorized representative of the individual or entity applying(a the Development Permit,which is identified in the accompanying application,and the owner of the property subject to the application(if different)hereby lists and identifies all persons representing the individual or entity applying for the Development Permit in connection with the application,as follows: Name Relationship (i.e.Attorneys,Architects,Landscape Architects,Engineers,Lobbyists,Etc.) DRin t . Int rhRsv,J. 17PG- —c .eM;a—_:__ SrI1.F•-s, acg A..-FTo Rte{ (Attach Additional Sheets If Necessary) NOTICE: ANY STATEMENT OR REPRESENTATION MADE BY ANY PERSON LISTED ON THE APPLICANT REPRESENTATIVE AFFIDAVIT SHALL BE BINDING UPON THE INDIVIDUAL OR ENTITY APPLYING FOR THE DEVELOPMENT PERMIT AM)THE OWNER OF THE SUBJECT PROPERTY. APPLICANTS AND AFFIANTS ARE ADVISED TO TIMELY SUPPLEMENT THIS AFFIDAVIT PURSUANT TO SEC.31-71(4(2)0V)OF THE CITY'S LAND DEVELOPMENT REGULATIONS IN THE CITY CODE.IN THE EVENT THAT PRIOR TO CONSIDERATION OF THE APPLICATION BY THE CITY BOARD OR COMMISSION, THE INFORMATION PROVIDED IN THE AFFIDAVIT BECOMES INCORRECTOR� OR INCOMPLETE. WIT S HA THIS V--)DAY OF fitv'+tleSi_.20d4• AUTHORIZE'+ '(/ TATIVE OF APPLICANT OWNER BY A.—/ By (Signalmc) (Signature) Name: CO4 0/a. __ Name — ( (Print) Title-- CE V\ %-KC c 'V)t •r Title — — —--— — Address: 1-1.4111 t`*- MCS(_ _ Address: . --- - 331t4J• STATE OF FLORIDA ) COUNTY OF MIAMI-DADE) Before me the undersigned authority personally appeared C,4ke'N1_C ik ' I 1 taut,. 'zed representative of the Applicant andlor the owner of the property subject to the application, who being first by me dul `w.i . • • ear or affir . •:-.she executed this Affidavit for the purposes stated therein and that it is true and correct. - 9 � ! r �.yn AFF T 00.144` ad SWORN TO AND SUBSCRIBED BEFORE ME this 1- ay oft g" y •.' //// 7�jG(I GONNA L.MUSSATTO ; - _ u S 4 Notary Pak•SIMI d Raids Notary Public State of Florida -I L. le Commission 0 CO 01233$ , A Printed Name of Notary / GAO 1:•:. �MY Comm.Espkss Nov 11.2020 My commission expires: /1 r r itl SosMstro NOS Nay Aw• BUSINESS RELATIONSHIP AFFIDAVIT" This Affidavit is made pursuant to Section 3l-71(b)(2)(ii)of the City of Aventura Land Development Code. The undersigned Affiant hereby discloses that: (mark with licable portions only) 'x'1. Affiant does not have a Business Relationship with any member of the City Commission or any City Advisory Board to which the application will be presented. f 12. Affiant hereby discloses That it does have a Business Relationship with a member of the City Commission or a City Advisory Board to which the application will be presented,as follows: (List name of Commissioner or Advisory Board Member) who serves on the (List City Commission or City Advisory Board upon which member serves). The nature of the Business Relationship is as follows: [Ii. Member of City Commission or Board holds an ownership interest in excess of 1%of total assets or capital stock of Applicant or Representative, (I ii. Member of City Commission or Board is a partner,co-shareholder(as to shares of a corporation which are not listed on any national or regional stock exchange)or joint venturer with the Applicant or Representative in any business venture: (]iii. The Applicant or Representative is a Client of a member of the City Commission or Board or a Client of another professional working from the same office or for the same employer as the member of the City Commission or Board; )iv A City Commissioner or Board member is a Client of the Applicant or Representative; (I v. The Applicant or Representative is a Customer of the member of the City Commission or Board(or of his or her employer)and transacts more than 810,000.00 of the business of the member of the City Commission or Board(or his or her employer)in a given calendar year; I)vi. The member of the City Commission or Board is a Customer of the Applicant or Representative and transacts more than $25,000.00 of theme business/in_ of theheApplicant or Representative in a given calendar year WI, E 'J Y ANDTHIS '"JaDAY OF ` 4U0t47 .2047 APPLICANT 9 /// By. A �(��-• (*nature) Name Srl-e. r' (PadV Title 'lCt. . _(Print) WITN S• Y HAND THIS 13 DAY OF 64 201, PROPERTY s /E•/ By: IPJ(•<• (Signature) Name: II e%- (Print) Title- , �/A /fir (Punt) 'The terms 'Business Relationship." 'Client" "Customer,' "Applicant," "Representative and interested Person" are defined in Section 2-395 of the Aventine City Code. • NOTARIZATION PROVISION STATE OF FLORIDA ) COUNTY OF MIAMI-DADE) Before me,the undersigned authority,personally appeared, V__ _ the A. first by me duly sworn,did swear or affirm that he/she executed this Affidavit fa the purposes stated therein and that ft is hue and correct Air _LL,", AFF ,A SWORN TO AND SUBSCRIBED before me this I3 day of IV!eaA!(}J200(. ZAYDA CAMILA OSORIO l 'oil MY COMMISSION N FF231472 Notary Put' '.: :of Florida At Lary: -1Y*' EXPIRES May 17.2019 ,:... Printed Name of Notary _ (4Cxl 39e•C'17 fYn.WYpx}SSM1x:o.:r,m' My commission expires: __ _ STATE OF FLORIDA ) COUNTY OF MIAMI-DADE) Before me,the undersigned authority,personally appeared the Alfiani who being first by me duly sworn,did swear or affirm that he/she executed this Affidavit fa the purposes staled therein and that it is true and correct. AFFIANT SWORN TO AND SUBSCRIBED before me this _day of__ — _,200_ Notary Public State of Florida Al Large Pnnted Name of Notary My commission expires:_ _._. STATE OF FLORIDA ) COUNTY OF MIAMI-DADE) Before me,the undersigned authority,personally appeared __ _ _the Affiant,who being first by me duly sworn,did swear or affirm that he/she executed this Affidavit for the purposes stated herein and that itis true and correct AFFIANT SWORN TO AND SUBSCRIBED before me this__ day of ,_. _-. _200_ Notary Public Stale of Flonda At Large Printed Name of Notary My commission expires:_. STATE OF FLORIDA ) COUNTY OF MIAMI-DADE) Before me,he undersigned authority,personally appeared the Affiant,who being first by me duty sworn,did swear or affirm that he/she executed this Affidavit for the purposes stated therein and that it is true and correct, AFFIANT SWORN TO AND SUBSCRIBED before me this _day of _ -,200_ Notary Public State of Florida AI Large Printed Name of Notary My commission expires:, _. __. BUSINESS RELATIONSHIP AFFIDAVIT* This Affidavit is made pursuant to Section 31-71(bX2)(ii)of the City of Aventura Land Development Code. The undersigned Affiant hereby discloses that: (mak with'x'applicable portions only) 1101. Affiant does not have a Business Relationship with any member of the City Commission or any City Advisory Board to which / the application will be presented. ( J 2. Affiant hereby discloses that it does have a Business Relationship with a member of the City Commission or a City Advisory Board to which the application will be presented,as follows: (List name of Commissioner or Advisory Board Member) who serves on the (List City Commission or City Advisory Board upon which member serves). The nature of the Business Relationship is as fellows: (I i. Member of City Commission a Board holds an ownership interest in excess of 1%of total assets or capital stock of Applicant a Representative; Ilii. Member of City Commission Of Board is a partner,co-shareholder(as to shares of a corporation which are not fisted on any national or regional stock exchange)a joint venturer with the Applicant or Representative in any business venture; iii. The Applicant or Representative is a Client of a member of the City Commission or Board or a Client of another professional working from the same office or for the sane employer as the member of the City Commission or Board; (J iv. A City Commissioner or Board member is a Client of Me Applicant or Representative; I I v. The Applicant or Representative is a Customer of the member of the City Commission a Board(or of his a her employer)and transacts more than$10,000.00 of the business of the member of the City Commission or Board(or his or her employer)in a given calendar year, I J vi. The member of the City Commission or Board is a Customer of the Applicant or Representative and transacts more than$25,000.00 of the business of the Applicant or Representative in a given calendar year. WITNESS MY HAND THIS /! DAY OF ,c„. ' 2007 . APPU NT: / .. By: (Signature) ' KURT INDY CASTILLO Name: .i•? p s vw. (Priral Title: a.l •�-.•�F— !IWM) f +Ph,�~y, Notary Puplk•State tM$.ROMA 201 . r ( +.T ' MT Orme.Expires Apr 28,2018 7 „ Ccmmisabs a FF 117088 WITNESS MY HAND THIS DAY OF '�'-�✓ `� 208_ f 'ef•riri l7rtlM ThreSMae Nary Asn PROPERTY OWNER: By: (Signature/ Name: /Prix) Tide (Print) "The terms Business Relatiautip• •Client,' "Customer," 'Applicant/ Representative"and interested Person"are defined in Section 2-395 of the Aventura City Code. NOTARIZATION PROVISION STATE OF FLORIDA ) COUNTY OF MWAI-DARE) 1 Before me,ale undersigned authority,personally append QRc1.A.\_ I j oA*ihrem Affiant who being first by me duty sworn,did swear a affirm that he/she executed this Affidavit for the purposes stated therein and Nath is true and correct. f� AFFBWT SWORN TO AND SUBSCRIBED before me this 13 day of_Fcy M] _ •��•. KURT INDY CASTILLO yPnre e• Nobly Public-Slate of Florida e 1, .� My comm.(settee Apt 28,2018 Printed Name Notary cim ISSIOO s FF 117068 My commission expires:_ • •'i kS Raomos Noisy Asim STATE OF FLORIDA ) COUNTY OF MIAMI-RADE) Bebe me,the undersigned authority,personally appeared the Affiant who being first by me duly swan,did swear or a6nn that halthe executed he AI dartt b the purposes stated therein and Nat e is true and correct. AFFUNT _. SWORN TO AND SUBSCRIBED tette me be __day of _ _.200_ Nay Pubic State of Florida At Large Pnnted Name of Notary My cmmiSSim expires: _ STATE OF FLORIDA ) COUNTY OF MUM-DADE) Bebe me,the undersigned auawrity,personally append _ - _ the Affiant who being first by me duly swan,dA swear or affirm that he/she executed this Affidavit fa the purposes slated therein and that e is true aid cared. AFRANT _ _. _ . SWORN TO AND SUBSCRIBED belay me this__ day of Notary Public Stated Florida At Large _. _.. _ Pared Nerve d Notary My axrmwslm expires:.. _- _. STATE OF FLORIDA ) COUNTY OF MIAMI-DADE) Before me,the undersigned authority,personally appears__ _ the Alvan.who being first by me duly swan,did swear a affirm that he/she executed thisMx la'l for the purposes stated therein and drat a is true end cared. AFFIANT SWORN TO AND SUBSCRIBED bete me this day of -._ _ _200_ Notay Pudic Stated Florida At Large Printed Name d Notary My commission expires:_ BUSINESS RELATIONSHIP AFFIDAVIT* Ths Affidavit is made pursuant to Secton 31.111b)(2)0i)of the Cty of Aventura Land Development Code. The undersgned Affiant hereby dSeloses that. (mak with'x'applicable portions only Affiant does not have a Business Relatonship mittany member of the City Commission or any City Advisory Board to which " SS the application will be presented 2 Wont hereby discloses mat it does have a Business Relationship vrith a member of:he City Commission or a City Advsory Board to when me appllcaton will be presentee.as follows (Let name of Cammssionor or Advisory Board Member) who serves on the (List City Comm sson or CM Advisory Board upon witch member serves). "he nature of the Business Relationship is as follows [Ii. Member of City Commission or Board holds an ownership interest in excess of 1%of total assets or capital stock of Applicant or Representative Iii. Member of City Commission or Board is a partner,co-shareholder(as to shares of a corpo'arioi which are not listed on any national cr regional stock exchange)or joint ventrer with me Applicait or Representative in any business venture, ((iii. The App icant or Representative is a Client of a member of the City Commssicn a'Beard or a Gent of another professional wetting from the sane office or for the sane employer as the member of the C,ty Commission or Board. I iv A City Commissioner or Board member is a Giant of the Apoi cant or Representative. ]v The Appcant or Representative is a Customer of the member of the City Commission or Board(or of his or her empoyer)and transacts more than f 10.000.00 of bre business of the member of the City Commission or Board(or his or her employer)in agven calendar year, I]vi. The member of the City Commission or Boarc is a Customer of the Applicant or Representative and transacts mere than$25 00C.00 of the business of the Applicant or Representative in a given calendar yea WITNESS MY HAND THiS _DAY OF_._ ,200_ APPLICANT By (Siynalure) Name. (Prod Title —._ (Prue) WITNESS MY HAND THE DAY OF _,20o_ PROPERTY OWNER. By _ _ _.(Sgnarure) Name. PM,/ Title _. (Pro) 'The ferns osiness Relattonsnip,' "Cher,' "Customer" 'Applicant"Representative"and interested Person'are defined in Section 2-395 or the Aventura City Code • NOTARIZATION PROVISION STATE OF FLORIDA ) COUNTY OF MIAMI-DADEI Before me the undersigned seemly.personally Weed the Aealt who berg FrM by me duty swan.dA se a of demi that helstr weaned NB Alklarl b Me purWses soled ewer and Tat Ire rue and area AFFIANT SWORN TO AND SUBSCRIBED tare me this day d . 200- Notary Ruble Sieh of Frtla N Large Ponied Dane of Notary My Taarrasswn espies.- ___._._.............._......_......_-__._..____....___..._____._ STATE OF FLORIDA I j M COUNTY OF" UMI-DADE) / i /' Before me,the undersigned authority,personalty appeared IDAthLc.0 FNLa '$i Alda v no Oen g tratAyAKBely atom rad swear a alerm Nat Settle executed the Aadawl r the purposes sates Neem and Nat d t true and correct / J AFF ANT SWORN TO AND SUBSCRIBED Debre me Nis l3 yo ..FEj„eur.w7200- Zn t l .01, Notary Pubic State of Fbrda Ndery NOW SIM of FOS At Lege ), t Susan P Key _ r; _ L My Commission FF 970972 Ponied Name ot Notary /i t Her Expires W0er2020 My commission apses. C 7 C STATE OF FLORIDA ) COUNTY OF MIAMI-DADE) Bebe me.ata utdersigne0 autany.personally appeared the Atrial(wig berg first by me duty sworn did swear or aim Nat heshe seated this ARdarl for Ne oxposes staled therein era that it is rue and cane AFFIANT SWORN TO AND SUBSCRIBED here me this_ day of Wry Pubic SIAM Of Fb to At Large Pentad Name ct Notary My Gamesman eapres.- STATE OF FLORIDA ) COUNTY OF MIAMI-DADEI Bebe me the undersigned autony,pwsoelly appeased the Mont vino bang fest by me duly swan,did sew o slim Mat he lie executed this Affidavit for cue plapoees staled therm end that it re tue and cored. AFFIANT SWORN TO AND SUBSCRIBED bare me Mss stay of ..200_ Notary RAMC SIAM of Floods AI Large Printed-Kane d Notary My dommeNon expires BUSINESS RELATIONSHIP AFFIDAVIT* 1-9 This Affidavit is made pursuant to Section 31-71(b)(2)(ii)of the City of Aventura Land Development Code. The undersigned Affiant hereby discloses that: (mark with'x'applicable portions only) [ ]1. Affiant does not have a Business Relationship with any member of the City Commission or any City Advisory Board to which the application will be presented. [ Affiant hereby discloses that it does have a Business Relationship with a member of the City Commission or a City Advisory � Board to which the application will be presented,as follows Q, 1 ��+� s�� i (List name of Commissioner or Advisory Board Member) who serves on the (List City Commission or City Advisory Board upon which member serves). The nature of the Business Relationship is as follows: ii I. Member of City Commission or Board holds an ownership interest in excess of 1%of total assets or capital stock of Applicant or Representative; i]Ii Member of City Commission or Board is a partner, co-shareholder(as to shares of a corporation which are not listed on any national or regional stock exchange) or joint venturer with the Applicant or Representative in any business venture; [[iii. The Applicant or Representative is a Client of a member of the City Commission or Board or a Client of another professional working from the same office or for the same employer as the member of the City Commission or Board; [I iv. A City Commissioner or Board member is a Client of the Applicant or Representative. J v The Applicant or Representative is a Customer of the member of the City Commission or Board(or of his or her 7vi. employer)and transacts more than$10,000 00 of the business of the member of the City Commission or Board(or his or her employer)in a given calendar year; The member of the City Commission or Board is a Customer of the Applicant or Representative and transacts more than$25,000.00 of the business of the Applicant or Representative in a given calendar year. WITNESS MY HAND THIS DAY OF_,_.. .200_. APPLICANT' By. (Signature) Name. (Print) Title. (Print) WITNESS MY HAND THIS DAY OF _,200_ PROPERTY OWNER: By. _ (Signature) Name:_. —. (Print) Title. (Print) 'The terms "Business Relationship" "Client" "Customer," 'Applicant" 'Representative" and 'Interested Person" are defined in Section 2-395 of the Aventura City Code. WITNESS MY HAND THIS_f`t DAY OF Tee,• ,201 REPRESENTATIVE:(Listed mess Relationship Affidavit) S- P By: ''(Signature) By (Signature Name. 1 -�S •?�frin() Name: _ (Print) 'fJ Title. ' 17)/CP— (Print) Title: _ (Print) By:. _ (Signature) By. _ (Signature Name: (Print) Name: (Print) Title: _.(Print) Title: _ (Print) By: _ (Signature) By (Signature Name: _(Print) Name (Print) Title: _. (Print) Title:_. . _._ (Print) By. (Signature) By: _ _ (Signature Title: _,.,.._(Print) Title: (Print) Title: (Print) Title: (Print) By: _(Signature,) By:_ (Signature Title. (Print) Title. (Print) Title. (Print) Title: : . . _. (Print) By_ _ (Signature) By: (Signature • Title: (Print) Title: _. ._._._.._.—(Print) Title: (Pont) Title: _. _(Pont) NOTE: 1) Use duplicate sheets if disclosure information for Representative varies 2) Applicants and Affiants are advised to timely supplement this Affidavit pursuant to Sec. 3l-7I(b)(2)(iv) of the City's Land Development Regulations in the City Code, in the event that prior to consideration of the application by the City Board or Commission, the information provided in the Affidavit becomes incorrect or incomplete. NOTARIZATION PROVISION STATE OF FLORIDA ) COUNTY OF MIAMI-DADE) S'[7WlEy 4. r2 Before me,the undersigned authority personally appeared _ _-INhe1Affia�nt who being first b .- •. ..worn,did swear or affirm that he/she executed this Affidavit for the purposes slated therein and that it is flue and correct. a 1w ••��,�.,, AFFIANT — — - SWORN TO AND SUBSCRIBED before me this [T day of .e��Q ,y 200/ l� rf+W MERCEDES PSDRON �� � V ll. 's—] 4�, n�p u k tact Flopta A``Large �'r' "• * MY COMMISSION 1 FF 212!26 � ti 1'�i + * M EXPIRES;PO Si 2019 Printed Name of Notary gits ISM 11N Imam My commission expires. _ STATE OF FLORIDA ) COUNTY OF MIAMI-DADE) Before me,the undersigned authority,personally appeared _. . _the Affiant who being first by me duly sworn.did swear or affirm that he/she executed this Affidavit for the purposes stated therein and that it is true and correct AFFIANT SWORN TO AND SUBSCRIBED before me the _.,day of__. ___.._.200_ Notary Public State of Florida Al Large Punted Name of Notary My commission expires:____ STATE OF FLORIDA ) • COUNTY OF MIAMI-DADE) Before me,the undersigned authority,personally appeared __„___ _,___ _—the Affiant,,who being first by me duly sworn,did swear or affirm that he/she ` executed this Affidavit for the purposes slated therein and that it is true and correct. AFFIANT SWORN TO AND SUBSCRIBED before me this__ day of __ — ,200_ Notary Public Slate of Flonda At Large Pnnted Name of Notary My commission expires.____.___ _ STATE OF FLORIDA ) COUNTY OF MIAMI-DADE) Before me,the undersigned authonty,personally appeared .. __. . _. the Affiant,who being first by me duly sworn,did swear or affirm that he/she executed this Affidavit for the purposes stated therein and that it is true and correct. • AFFIANT SWORN TO AND SUBSCRIBED before me this _day of ,,_ _ _,200_ Notary Public State of Florida At Large Printed Name of Notary My commission expires:_ ._ __ 071k. BUSINESS RELATIONSHIP AFFIDAVIT* This Affidavit is made pursuant to Section 31-11(b)(2)(1)of the City of Aventura Land Development Code. The undersigned Affiant hereby discloses that: (mark with'x'applicable portions only) Affiant does not have a Business Relationship with any member of the City Commission or any City Advisory Board to which the application will be presented. [ ]2. Affiant hereby discloses that a does have a Business Relationship with a member of the City Commission or a City Advisory Board to which the application will be presented,as follows: (List name of Commissioner or Advisory Board Member) who serves on the (List City Commission or City Advisory Board upon which member serves). The nature of the Business Relationship is as follows. [j i. Member of City Commissioner Board holds an ownership interest in excess of t%of total assets or capital stock of Applicant or Representative; [J ii. Member of City Commission or Board is a partner,co-shareholder(as to shares of a corporation which are not listed on any national or regional stock exchange)or joint venturer with the Applicant or Representative in any business venture; j)iii. The Applicant or Representative is a Client of a member of the City Commission or Board or a Client of another professional working from the same office or for the same employer as the member of the City Commission or Board; []iv. A City Commissioner or Board member is a Chant of the Applicant or Representative: j j v. The Applicant or Representative is a Customer of the member of the City Commission or Board(or of his or her employer)and transacts more than$l0, .00 of the business of the member of the City Commission or Board(or his or her employer)in a given calendar year; Ilvi The member of the City Commission or Board is a Customer of the Applicant or Representative and transacts more than 525,000.00 of the business of the Applicant or Representative in a given calendar year. WITNESS MY HAND THIS _DAY OF__. 200 . APPLICANT- By. tSgnature) Name. (Print) (Print) WITNESS MY HAND THIS DAY OF 200_ PROPERTY OWNER'. By: _ (Signature) Name: ._ — —._(Pont) Title: (Print) "The terms "Business Relationship," "Glen(," "Customer,' Applicant,' Representative"and "Interested Person`are defined in Section 2-395 of the Avonturn City Code. NOTARIZATION PROVISION STATE OF FLORIDA ) COUNTY OF MIAMI-DADE) Before me,the undersigned authority,personally append _ _ Cie Affiant.who being first by me duly swan.did swear or affirm that he/she executed this Affidavit for the purposes slated therein and that itis We and cared. AFFIANT SWORN TO AND SUBSCRIBED before me this day of _ ,200_ Notary Pudic Slate al Florida At Large Printed Name of Notary _ • My commission expires: STATE OF FLORIDA ) COUNTY OF MIAMI-ADE) nn Bebe me,the undersigned authority,personally appeared Rift-Filet- /IrrL . The Affiant who being first by me duly swan,did swear or affirm that he/she executed this Affidavit for the purposes stated therein and that it is me and correct j/� '�^�'), () AFI ANT ,, `,iN�.,••, . , EVELYN BRANAS SWORN TO AND SUBSCRIBED before me tits 13_day of,kph -,2047 , 1 b=, Notary Public-State of Florida _ _!i g My Comm.Expires May 30.2078 CrF}}odgagq/rp.GL—P� _ " d" Commission M FF 105e37 Ws-State. of Flonda At �"•eP,,;,',k.••�' Banded Though NarWW Notary Assn Pnnted Nate My comm an expires , — ..__-.—. STATE OF FLORIDA ) COUNTY OF f AMI-OADE) Before me,the unuarsigned authority,personally appeared the AI6ant.who being first by me duly swan,did swear or affirm that he/she executed this ABdawt for the purposes stated therein and that it is true and correct. AFF ANT SWORN TO AND SUBSCRIBED before me Ors day of Wary Pudic State of Flonda At Large _ Pointed Name of Notary My cammssixn expies:_ _ STATE OF FLORIDA ) COUNTY OF MIAMI-RADE) Before me,the undersigned authority,personafy appeared _ the Affiant.who being first by me duly sworn,did swear or affirm that he/she executed this Affidavit for the purposes stated therein and that it is true and arrect AFFIANT SWORN TO ANDSUBSCRIBED before me Vis. _day of _.200_ Notary Public Stale of Florida At Large— Printed—name argePrintedName of Notary My commission expires. CITY OF AVENTURA WAIVER OF RIGHT TO QUASI-JUDICIAL HEARING Plat Application No. 01-50B-)4 Date 1/3/r s7 I, 662,4e4.1as authorized agent for, or owner of the property which the subject of the above plat application, hereby waive my right to a quasi-judicial hearing before the Aventura City Commission when the application is heard by the City Commission. I understand and agree that by waiving this right, the City Commission may place the plat application on its consent agenda and thereby consider the application without a public hearing. I also understand and agree that upon request by a member of the Commission, the City Manager, or any member of the public in attendance at the Commission meeting where it will be heard, the application may be removed from the consent agenda and be heard as a separate item and subject to a public hearing. In that case, I understand that I will have the right to be heard when the application item is discussed, with the aring subject to the quasi-judicial procedures established in Chapter 34, Articl li "Q asi-Judicial Matters" of the City Code. j Y! LI/ Signature A. orized Agent or Owners/ Pea Avetyws Z.Le- RESOLUTION NO. 2017- A RESOLUTION OF THE CITY COMMISSION OF THE CITY OF AVENTURA, FLORIDA APPROVING THE "PRIVE AT ISLAND ESTATES" PLAT, BEING A REPLAT OF LAND BEING A PART OF TRACTS B AND C, TWO ISLANDS IN DUMFOUNDLING BAY, PLAT BOOK 141, PAGE 66 AS RECORDED IN THE PUBLIC RECORDS OF MIAMI-DADE COUNTY, FLORIDA, TOGETHER WITH OTHER LANDS IN SECTIONS 2 AND 11, TOWNSHIP 52 SOUTH, RANGE 42 EAST, CITY OF AVENTURA; PROVIDING FOR AN EFFECTIVE DATE. WHEREAS, the applicant, Prive Developers LLC, by and through Application No. 01-SUB-16, has requested Final Plat approval for "Prive at Island Estates", being a replat of land being a part of Tracts B and C, Two Islands in Dumfoundling Bay, Plat Book 141, Page 66 as recorded in the Public Records of Miami-Dade County, Florida, together with other lands in Sections 2 and 11, Township 52 South, Range 42 East, the Final Plat being incorporated herein by reference and made a part of this Resolution as Exhibit #1; and WHEREAS, the City Commission heard, reviewed and duly considered the reports, findings and recommendations of the City Administration, and finds that the Final Plat approval is in the best interests of the citizens of the City of Aventura. NOW, THEREFORE, BE IT RESOLVED BY THE CITY COMMISSION OF THE CITY OF AVENTURA, FLORIDA, THAT: Section 1. The Final Plat approval for "Prive at Island Estates" more particularly described as a replat of parts of Tracts B and C, Two Islands in Dumfoundling Bay, Plat Book 141, Page 66 as recorded in the Public Records of Miami-Dade County, Florida, together with other lands in Sections 2 and 11, Township 52 South, Range 42 East, more particularly described in Exhibit #2 attached to this resolution, is hereby granted to the Applicant. City of Aventura Resolution No. 2017- Section 2. The City Manager and City Clerk are hereby authorized to sign the face of the Plat. Section 3. This Resolution shall be recorded in the Public Records of Miami- Dade County, Florida, with the applicant to pay the costs thereof. Section 4. Issuance of this development order by the City of Aventura does not in any way create any right on the part of an applicant to obtain a permit from a state or federal agency and does not create any liability on the part of the City of Aventura for issuance of the development order if the applicant fails to obtain requisite approvals or fulfill the obligations imposed by a state or federal agency or undertakes actions that result in a violation of state or federal law. All applicable state and federal permits must be obtained before commencement of the development. This condition is included pursuant to Section 166.033, Florida Statutes, as amended. Section 5. This Resolution shall become effective immediately upon its adoption. The foregoing Resolution was offered by Commissioner , who moved its adoption. The motion was seconded by Commissioner , and upon being put to a vote, the vote was as follows: Commissioner Denise Landman Commissioner Dr. Linda Marks Commissioner Gladys Mezrahi Commissioner Robert Shelley Commissioner Howard Weinberg Vice Mayor Marc Narotsky Mayor Enid Weisman PASSED AND ADOPTED this 7th day of March, 2017. Page 2 of 9 City of Aventura Resolution No. 2017- ENID WEISMAN, MAYOR ATTEST: ELLISA L. HORVATH, MMC CITY CLERK APPROVED AS TO LEGAL SUFFICIENCY: CITY ATTORNEY This Resolution was filed in the Office of the City Clerk this day of , 2017. CITY CLERK Page 3 of 9 City of Aventura Resolution No. 2017- EXHIBIT #1 FINAL PLAT OF PRIVE AT ISLAND ESTATES Consisting of Sheets 1 through 4 inclusive Page 4 of 9 %PORTIN LEAW,SKILES INC.\ STRIVE AT ISLAND ESTATES P.B. PG I0 SA WFIV uYORSA mL40PERS A REPLAT OF A PORTION OF TRACT I?&A PORTION OF TRACT'C', TWO ISLANDS IN DUMFOUNOLING BAY, SHEET 1 OF 4 t 1 PNIN6ENapnrAleaEVNM PUT BOOK 141, PAGE 88 OF THE PUBLIC RECORDS OF MIAMI-DADE COUNTY, FLORIDA, AND IRWnu1mINRwPn.I1412TROgTMTqu1PN A RESUBDIVISION OF A PORTION OF THE SOUTHWEST ONEOUARTER(1/4)OF SECTION 2 AND _. mosoagam —.. J NORTHWEST ONEOUARTER (1/4)OF SECTION 11, TOWNSHIP 62 SOUTH, RANGE 02 EAST, CITY OF AVENTURA, MIAMI-DADE COUNTY, FLORIDA. JANUARY 2010 NOJN ALL MEN BY THESE PRESFHI0; LEGAL DESCRIPTION ICCLAIINUAIOOA; CITY OF AVEMIIM APPROVALS: Ixll PNM'DEVELOPERS,LEL A FLORIDA 041100 LIABILITY£00Pµ1,HAS CAUSED lU B`WOE IM LESS AND ENCEP1 THE FOLLOWING DESCRIED LANDS[PROW SNO SUBMERGED LANDS]'. IAS KEN RENEWED By A 000FE55060 L 5505EVOR w0 WVPER FON THE Orr OH NE TO4 DESCRIBED LO.EN ITLED PRN0 Al ISLAND ESTATES, SNDA URIC A Rmul OH INE FOLLOWING INH LCCCRDWR WITH SECTION 111Po150 OflTHE FLORIDA STAINES,LOIS AND OTHER 0001046.AS A MOW LANDS BORDERED o THE WISH By HE GSrzxa TIRMNIS OF EASEMENT M.25140(3000-15)BETWEEN SHOWN ON THIS PLAT CONFORM TO CHAPTER 1 ART i,FLORIDA STATUTES.CERTIFIED THIS-__ _ NR4W Ti41AWNg11RUSTT FOND OF THE STATE OP FLORIDA AND Wino' _. 0011. BU114w 55 TRUSTEE`UNDER THE P9p5YM OF A CERTAIN TRUST AGREEMENT DATED DECEMBER IS.1915 w0 LE6Al0F5LFFIlIXI KNOWN E PIALIC ECOROS or MEW-DAM COUNTY FLORIDA W THCORDED IN E WN AsCIAL Ere THE EASTERLY EXTES BOOK 12314 NSION OF THEE 2056,Of INNORTH LINE OF THE LAND REFERRED to H0REW BELOW Is LTWTED IN 100E CWNIY OF maw-DEME.STATE OF RCRIO1 15EYEN1 350.26140(400-0 BETWEEN THE Of TRLSrt S O THE INTERNAL WPM£YENI 101ST FUND DOUGLAS M.DAVE,PS4 ▪ DESCRIBED AS FOLLOWS'. OF THE STATE OFFLORIDAAND BMURRAY*AIIWN AS TRUSTEE ux0ER THE PROVISIONS OF A CERTAIN 00001 CRAVEN 100000ON&ASSOCIATES.INC.PROFESSIONAL YNFAOR up MAPPER M.434, ,OAEr4ENl DATED DECEMBER ,On AND MOWN AS TRUST 40 5-L1-21.RECORDED IN OFFICIAL RECORDS STATE OF FLORIDA. TRACTS'P'AND"C.OF TWO 51µM W 000 0UNDSW EAT ACCORDING TO THE Pool THEREOF.AS BOOK 12314,PAGLASE 2010 OF WE PAM REWROS O AWN-OWE NJXrc FLORIOA FORA DISTANCE R 0952 u I RECORDED w FIAT BOOK In,PILE 66.q THE RUBLE RECORDS N YN4r BCE COUNn.FLORIDA, SOUTH UNE O EASEMENT AT DISTµ6 0l 10.01 FEET Fel OlE SOUTHEASTERLY 0066(0 OF T E w BELOW TTTHE RESULT EL DOF XRC[9 PPRIMOIIN THHEHE Mgi,P4lnS GOYPOENENSS6O 5204; TocETHEO NTH HE FOLLOWING L6C0PE0 LANDS. THE TE940M OF SW EASEMENT THENCE SOUTH ALd1C THE EASTERLY P00gXA004 K ME SWM LIRA THEREFORE.H WAS APPROVED HID 101 FMEGOIM DEDICATIONS WERE ACCEPTED BY RLSIXUXON NUMBER FACILITIES N EASEMENT NO 26140(3030-11)BETWEEN THE MIRO OF IRUSTEET OP'XE INTFFW 4EMFYw0 Ca RENT TRUST PASSED ADOPTED Al THE n MUNCIE OF THE CITY OF AAONTLRA, ALLLANDS LYN1G ADM THE OEM H41 WATER LIRE AG T'iX4 356 FOLLOMNG DESCRIBED PARCEL Ix IE M OF TSTATE Dr ono..AND WRWY BOTTOM AS TRUSTEE UNDER K 0R0'SRTNS Of A CERTAR TRMI NOW-DADE CCuxn OF FLORIDA.THIS DAY _ TH 90 SECTIONS 0 AND I,TOWNSHIP 09 SOUTH, IC(42 ,4l4-5frC[CWN0,FLORWA:BEGNNML AT AGREEMENT DATED DECEMBER 15.1975 AND KNOWN AS TRUST I NO]5-LX-21,RECORDED IN DFHCW RECORDS AN IRON PPE SET IN DE CENTER LINE Or COLLINS AVENUE M THE NORTH LINE TI ACDF SREAY PARN. CORDS O MIAMI- A D61wR 05.52 cin W AVI WUOA.A MUNCIN CORPORATOR CI 0010 SHAD n FLMiw A 00BI5CN RECORDED N PLAT BOOK 35,AT PAGE 51.CF THE 1910 RECORDS OF DADE CCuxn �TO AO SWIRASIOM1T CORNER O H¢EA11 PALM TER1IH4 M EA44ENT NO2'6140 0030-13/.SNl HENCE DUE WEST ALONG HOE NORM LINO OF SAID OXH M PARK SUBCMS'M AW THE LANDS MC LOGND N SECTIONS 2 AND 1 P 52 SWTN.RANGE 41 GST.1P4l-DADE COUNT,. 01 - pRoLoNATIOW WEST THERE.FOR 00IANCE O 3.350.00 FEET TO TM POINT OF DECRYING M THE FLORAA PRINT oily (TE I WXP1 TRAcT O LAND HERON DESCRIBED AND ALSO THE BECNNNC O A NMENIW O CURVE;THH TITLE SDU'F RLy 1ESTERLT NO NORTHERLY ALDOL SAID CURVE.0405 A MMUS O TOO FEET.THRouGH A 41121. 80' FOR AN ML OSIAKE Of 54900 FEE,TO THE END Or SAID CURSE, N00lWlESS WHEREOF'TRAIT GO pRNE DEVELOPERS,LLC.A IWIFH IMBN n IM5 CAUSED THESE T NAME':E - THENCE`KN '0 00 4 DISTANCE O 950 FEETTO THE BLSNNWG OF A TANGENTW x O& MD FOH AW ON 5 BEHALF �RRCT FREEDMANAUTHORIZED OEPRESENTATM x CLERK DA NGPPA H R E 0504 E NORTHERLY.GS LNr Al)SOUTHERLY ALOIC ACD c 00140614 A R.VXVS PRESEYE Or THESE 040 WITNESSES.ON M T o __ .IAO 1. L O F w`HI5 ROLL.TH9m1OI NEPALµC.1 LN B'1 0 P TOR w ANC on0u 549 Te F« a ACpIJWLED3MEM 1 SAW CMG of SOUTH 15 0'0'WEST RDA OmANCE O 950 RET TO THE PONT *PRESSES PANE'DEVELOPERS,LTC THE END Of A FLORIDA IIITEO T 1 COMPANY STATE OF FLORIDA l Ss: qRxCOUNTY OFMAMOADE 1 TRRIRSHEEs DCT,vi THE IMPROVEMENT TRUST FUND OfNMEE STATE Of`1LMA.DEEDECORDED M CFCT¢O000 -----.. ,Hw(6Y CEETFA;THAT O,1116 DAY,PERSONALLY APP(ARLD BEFORE ML AN MTICER Duu AUTHORIZED WTI CLAW �K]4351,PACE 1154.EF THE PEBLIC RECORDS 00 WW-IW%COMn.FLORIDA,[GID DPNH MAL ARMY FREEDMAN. ADMINISTER OATHS AND TAKE ACKIOWLEEC0LWs ERIC 1500004 AND(LSA T.H00A0X,nn WTI Ewu OECD]BElw 520E Pwxcuu.9u DESCRIBED As FOLLOWS. .w1 EfxlD rrt TOATww AOR On wooCLERK,0 RPLCINEEE w RW 10 OF*45440.A NUwEIPa CORPORATION OF 111E STATE OF oN B WAC ACE xxCH2EO ND PR 00 4f HNT EA((0 COWOSGEO THE CIII OF• LANDS 0001 BELOW0160 IT.T NCH WATER OM LOCATEDROWE35MM ME FMDAM C DESCRIBED pRlNr NAME - THEREOF q EWD DULYAUTHORIZEDAND SftClm BA E DIN BWW ION OF CT PARCEL w SECTORS z w0 1.TOWNSHIP 52 SOUTH,RANGE.z FAST.CWxI-ROM CgINn.RRaeiM - HIURAF S FOR CORPORATION HL TIE STATEEXPRESSED OF non W TO BE 01THEIR FREE OA H DEED As ACKNOWLEDGMENT 1 SUCH DEFILERS Fq ME PURPOSES THEREIN GpREssrDµ0 WHO DID NOT TAKE AN IOM. STTEAI PE N w IRONUEO RPE OCT 00 TH00 N CENTERLINE H 35Ol R DE 51.[0 HE MIRTH LINE OF LRF STATE OF FLORIDA IBS: SIREN/ PARK. MPR LENGE WE WEST AAL THETNMH LLE OF SW COO RECORDS PPARE COUNTY OF MM6DADE ) 5p41u9E of POISON IIAW ACKNOWLEDGEMENT - SUBOMSION MD THE PROLONGATION WEST THEREOF FOR A DISTANCE O 3.150.00 FEET 10 THE PONT CNN`GWO IM CE S U000OF H,HEREIN WESTER DESCRIBED�MFNVWMOW SAO NCURAGE.`Ei WING A RADIUS ADYINsTERDPW, ORIro AND H`0 xIACKNOWLEXG4 PERSONALLY non FIAEOA0AN,AAATHONSDDREPREESENTAIM OF TO WITNESS Al 00µpµ0 OFFICE,.SGL TARS_ DAY OF _ -A 0 ]011 01 BEGINNING SR[UNE.TOTE 50KE Or 115 FEET.1Xg1 A 10(1TRM ANGLE OF IRE 0'0'PER AN ARC DISTANCE Of 54918 FEET TO DEVELOPERS,LL 0000 LOOTED L WCm c04PAM WND S IFR311WLH NMWM TO If TO PRINTED 044E O AS ARY PUBLIC _ THE END OF&ND CURW;THEME NORM 15'0'0'EAST FORA MINCE Of 950 FEET TO THEN HEREIN FEYThBEDµp IRE MemOO THE(0005060 IXSTRp DEMI AN0 k0WNL0(0 M ARCUI1O4 I0IKREIX MOWN PUBLIC STAN.Ir BEpMWA OF I ANCEX UL MOUA THEME HERLy. ILL AN0 0x6 ACT ANEW R A SUCH OECD RN Tic 6 ERCN ExRESSCO WO MO 00 NOT OOMNSSIN NUMBER - SAID FORM HANNL A 40035 OF 75 FELL NOW AgCENTRAL ANGLE O BO 0 0 OR AN ARC TAAL w OATH.W NESS. N AID OHFCUL SGL HO OAT OF C WSS*N -- _ - DISTANCE NE ENO or .0 - n105mo la n,(100-10l,(100-1is 0 0 '405'1w A On1ANC. M 950 FEET TO THE PONT OFBWOW WOWING - NOOm PUBLIC MMMIDADE COUNTY APPROVALS: PRINTED WALE NAME or wm HTHEE THE D[PANDYFXI Of PLGUGHgY ANE ECO AYE AL WXCFSLC mix w IAC xs 10 40400 AOl E STATE _ 00X00114 ALL THE RWMWANTS O N IAB El 5x15 POD APPG COAMISOA EXPIRES16(0 I- D[WUNIv NIX. - --- ------ --- - CFRTNA0 046 DAr OF rov TONED m' - DIRECTOR 5,EssEmENT MIAMI-DADE ryUNTV PUT RESTRILTOn RECORDING STATEMENT: m ) MT 6X[60054 AEOs SHILL NO0 BE PERMITTED WITHIN THIS SU60M51W,ExCEPI OPo,DA LI1V FwSFUENT FOR SPRINKLER ASTEAAS MR CONDITIONERS.WARO/CN SWMING .TTHAT TOE FILED FOR RECORD THIS OF DATYAO_. AA xp10 AT _ AY/p4 TELEPHONE D AWS SHALL NOT WALED*THIN NESS WI BOOK415. ACE OF THE LAIC RECORDS OF MW I-DADE RnourtHEHN BELL 01Po42 F SA Or FOP TEYrtNM USE N ACCORDANCE WIDE TIE STAT AW CWNn RORCA THIS PGT CIWPA65 NµTHE LAWS O THE STAR m FLORIDA AND WW1-DADE 00RBn0u EPb 4410 ION REGULATIONS GOURD.FLORIDA. TFAI ALL NEW ELECIRC AND CCYI,MORIO0 LACES.DCVI TRANSIA5SION LINES, IWNEY REIN,CLERK IX 11-/0 cwtull COPT WITHIN THIS SuamSON SwLL -(STALLED UNORwwNO. �T ACT'B' By OEPun RLaN ml' P060i00 EAEMENTNO01 41 cm �B�\ -Asyp�At. -I, - AS 7-- TlTorvn TPLATO:1K la PAGE 40 \\\ `R �T rhete g \tlT TAg IRAF ty.L ,,ViT2la IE a —1iie$neH, �/' �s,j gd ' ` s � � I' � i��I� a I' »� p$ 9 IT IBABD6RAAADNk f W M.H�ER�D�Smew MM.Is 1'DEaAuxpe10'AEL6e wRVEraxs cERnFuiE: ".�g1 �. /It IM0ER B+CERTIFY:THAT MM ATTACHED PLAT ENTITLES ppm AT SITE ETTARS 6 A TRUEµD CORRECT N�� ,\T TFIACTI I 8'INMII®NH mM11��O ulc04 M ®pF MI REPRESENTATION OF THE 1µP5 A5 RECENTLY SUNAYAD,SUBMTEOµD RAVED UNDER W IE6\T2FPOIDD Mama HIRE wane 114 RESPONSIBLE DIRECTION w0 SIFOMyIH.)MT THE 550.15 SA IA ADDAX COMPLIES WITH THE O ��, T 0 pYR MiEA'1E1�R DEMTmAi wvE Wipx11fr1ECImT4Bg1HET0.xn, APPLICABLE REOMAYENIS OF PAPIER 6),PART L IUTAS AND FURTHER IMT IM I RTW 6 PERMANENT REFERENCE MONUMENTS IP,9,4.S)APO PERMANENT CONTROL PONES(PLP.S)WERE DOT ON u DAT 010CHAP6 IN ACCORDANCE WITH SENA 111.151 GE Suo a 160(05252 R EMBOSSED SEAL EME00000 SEAL TIE ,. 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Y.6� sY.� d..� _ .,g n':.. ._i da 33� CC! "x'A3M__. PRIVE AT ISLAND ESTATES P.B. JPG Imp--J;' 7:_--,--__ A REPLAT OF A PORTION OF TRACT'B'&A PORTION OF TRACT'C', TWO ISLANDS IN DUMFOLWDLING BAY, SHEET 3 OF4 FORTIN LEA VY SKILES INC. \ PLAT BOOK 101, PAGE 66 OF THE PUBLIC RECORDS OF MIAMI-RADE COUNTY, FLORIDA. AND cwsULTIM POWERS Y� PERS imck ll CI it, A RESUBDIVISION OF A PORTION OF THE SOUTHWEST ONE-QUARTER(1/0)OF SECTION 2 AND 1.2K-HKITY.El 011:f11IPnIMPL..:n „i,„AnT&&1E1T1u1 yl llgilt NORTHWESTORTIONCITY OF TH OF AVENTURAOF E MI MI-DADEOCOUNHIP TY, FLORIDA.SOUTH, RANGE 02 EAST. 3....„_ _ fia0, ! ___. J 0 426 1 JANUARY 2018 ® A CC �,,,2s3Bpn µ I. . I GRAPHIC SCALE BILwA:� P TEIRE � w I NIN FEET CH.52 lFT. TRACT W(MI.ARIA) w ,Bnamwmwv E ABB H04/74 7 °NPuT 774..PAGE I Y VIER TWCT'A' , „TIFF \ PmwTB]MIm"m3 \ Faun D U M F O U N D L I N G B A Y a` P S FT jet ` / 1 ATIONIsIrI" .EIB11NE «•I TACT'C T-°_i o' 'i ,"'E nl l `7. uxwA°`o " m CISICI.i % °,ELEVATION uRY PRBL m n E1� 9 MR TRACT4W .r s " LOT IF "'.Y .. .. v.VE 3r�rb PER PLAT KOK 141,MOE „GE". /....m...........nn J / ",kR`.Ep�_J x. _ L A _ It _ L -F F .Mold, r �33L Ile - • W Cr, ' - $ A4 N)O t I" RYWn61E1HB OF Mere WAMI 4271-1 TB P Wilt o-Rk ♦)R/VFR'0Eb. ' ^nnr4 4 L* PORTION OF TACT 1' _ Irs Mora R 3M -14. '� _ s TR°wNUTT MK Pl.N IN PAGE le ,mRl PEAawmP"`�'x S 39 /--_i p0. Iry - —"®wvorpf ARI {_ ) � E __ W x AFC IV / 0b1EEf Al ~brAyN •a l Po __,_. (BE E„-'44vjPKAL7VE-y- .._T ---7,—- _- -\ 'SURVEYEE114) AIED r'4 \- 06%.00 W 19Ei]HE VL R IEVI fLiTheof n�P 6 \ � or ATM 16AHl V I el6B K E xOaC"NC' .. .T RAGToa acus ACa """ I' �'SOPAxANEVY LBuriAT\ A°BARE of PLAT ,? TRACTFoRnoOF PORTION OF TACT'B' 3559 BASELINE MO SWI C' SURVEY t BNE6x IP9 OST NPll.PIE 9NY TREE SHEET" VIWI«1O BAY.7 BUP1Ai DLN 3As Mia Mi YYl1At NAE• "...' 1 \ <4, PA M,Rx BNpYb LREWS 1r1¢R311IO BEY IMIY MII - xyEv /a4e al Ea ivir , ' .OfTRl � 070501100-41 va uE Pu xooxACI ? \ r6i OF i �N PRrcLu _ � ��eRm 'Li J _.--.1 11-ru t"4-11 - ..__ - - xl -,h. ,s'IrH E na.1..M Ir 'rum _In r, EneEEE ( In 1 tit 3x til la aaxiw# R 9 Poiws�T 1F3001203a01 ti 061131 1 Cc AMERICA -PORTION OF TPACT'BT A'r`'" BroLe«IExrRmoA.3Hlronr mxxMxnA,.P26K w RIUI°«uaEm RAT coax vl.ra IMM LER*63I Purl..- , 'ER ''.E4STEw..uxE R TWcra vNIBiw APIMEI `1 PER PLAT BLVH I.I.PAEE« LINEIL TABLE a\ /rox"TPxREeni1TLECB" irER ulERauu6nWME D U M F O U N D L I N G BAY ONE —LEWIN BF-MING LINE LEO"' BEMN3 `1 I M TEWmH VIE R CUF9IWAYP.wf YMfAPN3EHITMIpY.rt% _ „By-t AW 6241'31, ' _ / 4 Isle van 3A 3313 V _ 6 _ £ I T 3H t TS)N4 it I a 35. 105.61.4 ILE 47 31 RI 547,033-E LEGEND: 13 _ —-vinrE- 0, ICATEBPPr.LwExIRE.ERENCEUONWErl 4444,am Km r _ TE _ _ 61r'SBIPM MBw 104 MVBI W�WFNE IV la' Hfa'rl 54 5321' 0 _ _ _ 33 I3 720 srrCVanV IaY41 µ 3 s.A' xls'u'I L MGLFNBTI a.69 xlnN'3 M_ TT9 ssg311V Cl 04000 DEMH6 RH.N1l7 -IEMIIC 33 I ABA1 NIV3A'.]E II _ ffisl' SITIYa1,_ R "CAD LESS MATf11 MRV 610 y 1 aA W9•M'I14 x uoREOR ESS 7.707 eslaw O9. CRRICK PEIXiNWaf SULVEYOR$CII23 P3 x3S] Iw et Bopp sm44sw< 4,4_ CEEnBOOKRru< 007411 0-522-I4R v10EMRC I1 077 4750000 VNR Of NBV'l I'31'N rob IxE NORM DINE Of -- 1' xw�3rvw • ' _ S Pa RAGA sEEflwl - -z u wwuwlm.No„KT*,.ExEox. 7, Of IP .42444412” 44 10-14. Ser4412" _ PECORN%STATEMENT: 63 - 'H3'S E[^EOM RECORD x S OAT Cr E OUNT.IN 3 6 31Bs Cf YM4 MON COUNM1. 35 ]V1141"2"422442.414-24.14644""°"R12.°441"""""°"44 1200tAWTIEVRfBINm EL�CPM.M5 Km COMPLIESW 1xa 4Ws BI -SALE Of FLORIDA LRAO MIAMI-OW MONTI.FLORIDA 6W 33N••E NE«M/1/12010 IW�xT K m 11Eau1 WAVES PIMP.CLERK CE IRE CRCurt COURT _Y]3E VW,1plere1N4MLLxloppyn 34 ATN- IS 7BI]'- 313'62.734 OMuIaV FREM*11EEWYEPFNIRICOLIMA IFORTIN,LESSKILES,INC\ PRIVE AT ISLAND ESTATES P.B. PG CONSUL TWO�EMIWEERSI mwYORS 0MAPPENS A REPLAY OF A PORTION OF TRACT re'S A PORTION OF TRACT'C', TWO ISLANDS IN DUMFOUNDLING BAY, SHEET 4 OF 4 CII IN RAT BOOK 441. PAGE 86 OF THE PUBLIC RECORDS OF MIAMI-DARE COUNTY, FLORIDA, AND ax_INIE 6.1170 110W4ly wALW TalTF. uml A RESUBDIVISION OF A PORTION OF THE SOUTHWEST ONE-QUARTER (1/4) OF SECTION 2 AND I2.a -.. % NORTHWEST ONE-QUARTER (1/4) OF SECTION II, TOWNSHIP 52 SOUTH, RANGE 42 EAST, CITY OF AVENTURA, MIAMI-DADE COUNTY, FLORIDA. JANUARY 2016 GRAPHIC SCALE 0r- —_I I IN FEET) TRACT W(MARINA) IINCN-w`F' Wien S DUMFOUNDLING BAY Su� xnne 3. Tf 6 '" La- TRACT"C b4° {� ITN W.E A. 5 A* gR 4. No JI TRACT'E' (SC, z,.N A'm. a W _ $ 4h we O Na Lr LN s WM mM. Ay, ND - - u, rM IN ro.l iqW GR/VS , t�a� k. "' P0� OF TRACT IP ,1 / �L.r„H �,y, L NO aL M Mina"'MEOUNDLOM u.u, 1" -3eo$ Nemmo u /WENT j.h.4- --mewl aw e 'S.�_ `I�4�w -v uyw _� T . �° W _ Fau.,exss Axulmeu MRIV M7R1.1 LIMY v. 7 „„n 9,°HEflV�. W ._ \TPII,N-NAR I' xVE N Maev 4 ark SI wru' �' _� 4 x 8 tm 4 , 020.303.\ ••azrw - MM. 4 �'� 4�gR FRL(L 13 .am m�L�w'i .-e P 1DIOF PORTION OF TRACT TP L.. `l my B.MN.i R $N 4W NY ' �.� r-642441 EV 1lY 4.....02;ara 1g FFL I.ouralialiaN NTN . pstiaaesa sue e �4. / @ aR.M.mE3 Po ffi 2 K.. Ais'.d NICSOCE_N2 a' = =.,. - x,»l_.x„ - "ds. I � 7114 4, LH m�� fl114 1.15 L18 .,e t N3 MY PORTION TI- J EC(I Ill.FNE N LINE TABLE DUMFOUNDLING B A Y - LI E - LENGTH BEAR1.3 I Ur LE.GM sEARF 40 H. E � 15.41101.1 I v _liU_ 231T- 4TETj__42- 5514403404 027E - - 1 11 36 4,76.34Wr 47 31 64 1.7anrc - — -- 4225. 6337.s. LEGENCT: - _ 0. U PAN,EwuTES(Eru4NNTREFERENCEMONINEI -- --1 136.102 _E — LIMNSU FIAT Wirer FE 51 DS" N12.41.23-% 54 64- Sirso 37w pi caNua maw-- t4TE74uau _SUBNESS ocaNse I 9 22 New 111.3.7.-- w __ — ucnol x3 xnvn.l .14413341414300311C4 I.._ _ CHDRO m ® 44411746wTw OF l® M 14 M . 343.34 IMRE 011 3E84 — DM o RECORDS Moa 1 MCNmw 131 N0N. BiAT 0 IV�_0 N2543N - CM PAGE 63 a 10 '1 - RECORDING STATEMENT: C mF Ezu0 w xI±oE xe LO E I Er IM/vA IN uR p °4.2. I xuu Snug cTu.IT - , 30.50.15171- -- .M4MESNMI.PCm&ITIEmQMtpla'0NEMaMENNY plonk HIS FLAT 004 sic 41H 4x(`u.s V lx[ FTl or r °r 440°uYu-WS[005x7.FLORIN ' ''E N.MT o. R. 34 , °° '0 N*N.NI..NNNx.Nwu351451.NOINCIENMm[41NrvYn4FHLIM.Y4.m ,4840.Runx fGRS OF T.."CHI ENINL 3. S 0 ,.E_ m1N,..IUI.N.T.IISEw..Fw,uw0FSNnwIIILIw.I.wwmwnew.l City of Aventura Resolution No. 2017- EXHIBIT #2 LEGAL DESCRIPTION OF LAND The land referred to herein below is situated in the County of Miami-Dade, State of Florida, and is described as follows: Tracts "B" and "C" of TWO ISLANDS IN DUMFOUNDLING BAY, according to the Plat thereof, as recorded in Plat Book 141,Page 66, of the Public Records of Miami-Dade County, Florida; TOGETHER WITH THE FOLLOWING DESCRIBED LANDS: All lands lying above the mean high water line abutting the following described parcel in Sections 2 and 11, Township 52 South, Range 42 East, Miami-Dade County, Florida: Beginning at an iron pipe set in the center line of Collins Avenue on the North line of Gulf Stream Park, a subdivision recorded in Plat Book 35, at Page Si, of the Public Records of Dade County, Florida. Thence due West along the North line of said Gulf Stream Park Subdivision and the prolongation West thereof for a distance of 3,350.00 feet to the point of beginning of the tract of land herein described and also the beginning of a tangential circular curve; thence Southerly, Westerly and Northerly along said curve, having a radius of 175 feet, through a central angle of 180° 0' 0" for an arc distance of 549.78 feet to the end of said curve; thence North 15° 0' 0" East for a distance of 950 feet to the beginning of a tangential circular curve; thence Northerly, Easterly and Southerly along said curve having a radius of 175 feet, through a central angle of 180° 0' 0" for an arc distance of 549.78 feet to the end of said curve; thence South 15° 0' 0" West for a distance of 950 feet to the point of beginning. LESS AND EXCEPT the following submerged lands conveyed in Quit Claim Deed to the Board of Trustees of the Internal Improvement Trust Fund of the State of Florida, recorded in Official Records Book 24846, Page 2154, of the Public Records of Miami-Dade County, Florida, [said Quit Claim Deed] being more particularly described as follows: All lands lying below the mean high water line located within the following described parcel in Sections 2 and 11,Township 52 South, Range 42 East, Miami-Dade County, Florida: Commence at an iron pipe set in the centerline of Collins Avenue on the North line of Gulf Stream Park, a subdivision recorded in Plat Book 35, at Page 51, of the Public Records of Miami-Dade County, Florida; Thence due West along the North line of said Gulf Stream Park Subdivision and the prolongation West thereof for a distance of 3,350.00 feet to the POINT OF BEGINNING of the tract of land herein described and also the beginning of a tangential circular curve; thence Southerly, Westerly and Northerly along said curve, having a radius of 175 feet, through a central angle of 180° 0' 0" for an arc distance of 549.78 feet to the end of said curve; thence North 15° 0' 0" East for a distance of 950 feet to the beginning of a tangential circular curve; thence Northerly, Easterly, and Southerly along said curve having a radius of 175 feet, through a central angle of 180°0' 0" for an arc distance of 549.78 feet to the end of said curve; thence South 15° 0' 0" West for a distance of 950 feet to the POINT OF BEGINNING. LESS AND EXCEPT the following described lands [from said submerged lands]: Those lands bordered on the West by the Easterly terminus of Easement No. 26140 (3030-13) between the Board of Trustees of the Internal Improvement Trust Fund of the State of Florida and Murray Blattman as Trustee under the provisions of a certain Trust Agreement dated December 18, 1975 and known as Trust No. 75-Lt-21, recorded in Official Records Book 12314 Page 2066, of the Public Records of Miami-Dade County, Florida; on the North by the Easterly extension of the North line of Easement No. 26140 (3030-13) between the Board of Trustees of the Internal Improvement Trust Fund of the State of Florida and Murray Blattman as Trustee under the provisions of a certain Trust Agreement dated December 18, 1975 and known as Trust No. 75-Lt-21, recorded in Official Records Book 12314, Page 2066, of the Public Records of Miami-Dade County, Florida for a distance of 79.80 feet; on the East Page 9 of 10 City of Aventura Resolution No. 2017- along a line running Southeasterly until it intersects the Easterly prolongation of the South line of said easement at a distance of 105.82 feet from the Southeasterly corner of the Easterly terminus of said easement, thence South along the Easterly prolongation of the South line of Easement No. 26140 (3030-13) between the Board of Trustees of the Internal Improvement Trust Fund of the State of Florida and Murray Blattman as Trustee under the provisions of a certain Trust Agreement dated December 18, 1975 and known as Trust No. 75-Lt-21, recorded in Official Records Book 12314, Page 2066, of the Public Records of Miami-Dade County, Florida for a distance of 105.82 feet to the Southeasterly corner of the easterly terminus of Easement No. 26140 (3030-13), said lands being located in Sections 2 and 11, Township 52 South, Range 42 East, Miami-Dade County, Florida. Page 10 of 10 CITY OF AVENTURA FINANCE DEPARTMENT MEMORANDUM TO: City Commission FROM: Eric M. Soroka, ICMA-CM, City Manager BY: Brian K. Raducci, Finance Director DATE: March 3, 2017 SUBJECT: Mid-Year Ordinance Amending 2016/17 Budget 1st Reading March 7, 2017 City Commission Meeting Agenda Item 1 2nd Reading April 4, 2017 City Commission Meeting Agenda Item RECOMMENDATION It is recommended that the City Commission approve the attached Ordinance amending the 2016/17 budget. The total amount of each fund's budget amendment is outlined below. BACKGROUND As you may be aware, the City normally amends the budget at mid-year to: • recognize actual fund balance amounts carried over based on the prior year's audit, and to • re-appropriate the balances in capital outlay projects which were not 100% complete by the end of the prior fiscal year. The need to re-appropriate unspent capital accounts and to recognize the actual fund balances at September 30, 2016 to the 2016/17 budget will also be addressed in my memorandum which will accompany the Commission's electronic package containing the Comprehensive Annual Financial Report. In addition, there are a couple of items that have come to our attention that require an adjustment and some things that were recently approved formally or by consensus that now require a corresponding budget amendment to provide the necessary funding. For simplicity, the following narrative addresses all of the items discussed above in "Fund/Account Number sequence" in terms of how they appear on the adjacent Budget Amendment Schedule. 1 GENERAL FUND (001) Revenues and Expenditures — a net increase of$217,401, respectively Items 1, 2 and 7 will be funded from additional Carryover in the amount $217,401 described below, while items 3, 4 and 5 will be funded by an offsetting reduction to the capital reserve in the amount of$3,887,906. 1. To provide $75,000 worth of additional funding to the Community Services Department for Lands/Tree Maint. Svcs — Parks to fund: a. $12,000 for sod at the Dog Park due to greater than anticipated usage. b. $63,000 due to additional costs related to the opening and maintenance of Peace Park. 2. To provide $150,000 worth of additional funding to the Public Works/Transportation Department for Lands/Tree Maint. Svcs — Streets to fund: a. $40,000 for plant removal and replacement due to salt water intrusion into the water source used by our irrigation system. b. $110,000 due to additional costs which were not considered in the original budget due to the Community Services / Public Works/Transportation reorganization. 3. To re-appropriate $239,906 for capital outlay projects which were not 100% complete by the end of the prior fiscal year (i.e., computer equipment — Information Technology). 4. To provide $148,000 to complete the major software upgrades in the Community Development Department which began in the prior year's budget. 5. To provide $3,500,000 as approved at the February 9, 2017 Commission Meeting, to purchase a two (2) acre parcel adjacent to the western property line of Waterways Park on NE 213th Street from Gulfstream Park Racing Association, Inc. 6. To reduce the Capital Reserve by $3,887,906 to fund items 3, 4 and 5. 7. To decrease Non Departmental/Transfers to the debt service funds as follows: a. Fund 230 - $95 b. Fund 250 - $7,504 (for a total of$7,599) This amendment allows the City to recognize and utilize actual fund balances from the two-related debt service funds (as described below), based on the prior year's audit. 2 SPECIAL REVENUE FUNDS POLICE EDUCATION FUND (110) Revenues and Expenditures — a net increase of$2,836, respectively To recognize and re-appropriate a Carryover in the amount of $2,836 based on the prior year's audit in order to provide for additional Training. TRANSPORTATION AND STREET MAINTENANCE FUND (120) Revenues and Expenditures— a net increase of$2,006,600, respectively To recognize and re-appropriate additional Carryover in the amount of $2,006,600 to fund the three (3) projects below as well as to adjust the Capital Reserve budgeted line item. These projects were in process and not 100% complete by the end of the prior fiscal year: 1. To provide $85,000 to fund the continued operations of the Silver Route for the remainder of FY 2016/17 that was discussed at the February 16, 2017 Commission Workshop. This operational expense will be funded from Transportation Mitigation Impact fees. 2. To re-appropriate $238,000 for a Road Resurfacing project (i.e., NE 191st Street) that was in process at September 30, 2016. 3. To re-appropriate $250,000 for Street Lighting Improvements (i.e., NE 30th Avenue between NE 203rd Street and NE 207th Street) that was in process at September 30, 2016. 4. To re-appropriate $239,900 for Transportation System Improvements (i.e., Country Club Drive Flashing Pedestrian Crossing Signs) that was in process at September 30, 2016. 5. To increase the Capital Reserve budgeted line item by a net amount of $1,193,700 in order to adjust it as a result of the post-audit budget amendments described above. 911 FUND (180) Revenues and Expenditures— a net increase of$14,019, respectively To recognize and re-appropriate additional Carryover in the amount of $14,019 based on the prior year's audit in order to provide for additional capital reserve. 3 DEBT SERVICES FUNDS DEBT SERVICE FUND SERIES 2010 & 2011 (230) (Revenue Reclassification of$95— net effect is $0) To recognize and re-appropriate a Carryover in the amount of $95 based on the prior year's audit and to simultaneously reduce the transfer from the General Fund by $95 for a net effect of$0. DEBT SERVICE FUND SERIES 2012, Charter School Land (250) (Revenue Reclassification of$7,504 — net effect is $0) To recognize and re-appropriate a Carryover in the amount of $7,504 based on the prior year's audit and to simultaneously reduce the transfer from the General Fund by $7,504 for a net effect of$0. CAPITAL PROJECTS FUND (392) Revenues and Expenditures— a net increase of$311,736, respectively To recognize and re-appropriate additional Carryover to fund the project below. To re-appropriate $311,736 worth of NE 188th Street Park Improvements which were in process and not 100% complete by the end of the prior fiscal year. STORMWATER UTILITY FUND (410) Revenues and Expenditures— a net increase of$2,154,235, respectively To recognize and re-appropriate additional Carryover in the amount of $2,087,089 to fund the three (3) projects below as well as to adjust the Capital Reserve budgeted line item. These projects were in process and not 100% complete by the end of the prior fiscal year: 1. NE 213th Street and NE 183`d Street Seawall $1,387,880 2. NE 191st Improvements $650,000 3. Stormwater Master Plan/Environmental Assessment $49,209 To recognize and re-appropriate additional Carryover in the amount of $67,146 based on the prior year's audit in order to provide for additional capital reserve. If you should have any questions related to this memorandum, please feel free to contact the City Manager. BKR/bkr 4 ORDINANCE NO. 2017- AN ORDINANCE OF THE CITY COMMISSION OF THE CITY OF AVENTURA, FLORIDA, AMENDING ORDINANCE NO. 2016-13 WHICH ORDINANCE ADOPTED A BUDGET FOR THE 2016/2017 FISCAL YEAR BY REVISING THE 2016/2017 FISCAL YEAR OPERATING AND CAPITAL BUDGET AS OUTLINED IN EXHIBIT "A" ATTACHED HERETO; AUTHORIZING THE CITY MANAGER TO DO ALL THINGS NECESSARY TO CARRY OUT THE AIMS OF THIS ORDINANCE; AND PROVIDING FOR AN EFFECTIVE DATE. WHEREAS, upon the periodic review and analysis of current budgetary commitments and obligations, and based upon the projected needs and requirements of the City and upon the recommendations of the City Manager (and the concurrence of the Finance Director as to Accounting Principles), it is deemed necessary to adjust, amend and implement the 2016/2017 Operating and Capital Budget as set forth in Exhibit "A" attached hereto and made a part hereof. NOW, THEREFORE, BE IT ORDAINED BY THE CITY COMMISSION OF THE CITY OF AVENTURA, FLORIDA, AS FOLLOWS: Section 1. The recitals contained in the preamble to this Ordinance are incorporated by reference herein. Section 2. The City Commission hereby authorizes the amendment of Ordinance No. 2016-13, which Ordinance adopted a budget for the 2016/2017 fiscal year, by revising the 2016/2017 budget as set forth on the attached Exhibit "A" which exhibits are deemed incorporated by reference as though set forth in full herein. Section 3. The City Manager is hereby authorized to do all things necessary to carry out the aims of this Ordinance. City of Aventura Ordinance No. 2016- Section 4. Effective Date. This Ordinance shall be effective immediately upon adoption on second reading and shall be applicable retroactively from and after October 1, 2016. The foregoing Ordinance was offered by Commissioner , who moved its adoption on first reading. This motion was seconded by Commissioner and upon being put to a vote, the vote was as follows: Commissioner Denise Landman Commissioner Dr. Linda Marks Commissioner Gladys Mezrahi Commissioner Robert Shelley Commissioner Howard Weinberg Vice Mayor Marc Narotsky Mayor Enid Weisman The foregoing Ordinance was offered by Commissioner , who moved its adoption on second reading. This motion was seconded by Commissioner , and upon being put to a vote, the vote was as follows: Commissioner Denise Landman Commissioner Dr. Linda Marks Commissioner Gladys Mezrahi Commissioner Robert Shelley Commissioner Howard Weinberg Vice Mayor Marc Narotsky Mayor Enid Weisman Page 2 of 3 City of Aventura Ordinance No. 2016- PASSED on first reading this 7th day of March, 2017. PASSED AND ADOPTED on second reading this 4th day of April, 2017. MAYOR ENID WEISMAN ATTEST: ELLISA L. HORVATH, MMC CITY CLERK APPROVED AS TO LEGAL SUFFICIENCY: CITY ATTORNEY Page 3 of 3 Exhibit A FY 2016/17 Budget Amendments GENERAL FUND (001) 2016/17 2016/17 2016/17 OBJECT ADOPTED AMENDED REVISED CODE CATEGORY BUDGET AMOUNT BUDGET Revenues Non-Revenue 3999000 Carryover $ 17,304,056 $ 217,401 $ 17,521,457 SUBTOTAL $ 17,304,056 $ 217,401 $ 17,521,457 Total Amendments - Revenues $ 217,401 Expenditures Community Services(5001-539) 3452 Lands/Tree Maint. Svcs-Parks $ 425,000 $ 75,000 $ 500,000 SUBTOTAL $ 425,000 $ 75,000 $ 500,000 Public Works/Transportation (5401-5411 3450 Lands/Tree Maint. Svcs-Streets $ 685,000 $ 150,000 $ 835,000 SUBTOTAL $ 685,000 $ 150,000 $ 835,000 Capital Outlay/Information Technology(8012-513) 6401 Computer Equipment>$5,000 $ 381,469 $ 239,906 $ 621,375 SUBTOTAL $ 381,469 $ 239,906 $ 621,375 Capital Outlay/Community Development(8040-524) 6402 Computer Equipment<$5,000 $ 93,500 $ 148,000 $ 241,500 SUBTOTAL $ 93,500 $ 148,000 $ 241,500 Capital Outlay/Non-Departmental (8090-590) 6101 Land Acquisition/Purchase $ - $ 3,500,000 $ 3,500,000 6999 Capital Reserve 16,575,911 (3,887,906) 12,688,005 SUBTOTAL $ 16,575,911 $ (387,906) $ 16,188,005 Non Departmental/Transfers (9001-581) 9123 Transfer to 1999 Debt Service Fund (230) $ 1,197,175 $ (95) $ 1,197,080 9125 Transfer to 2012 Debt Service Fund (250) 404,542 (7,504) 397,038 SUBTOTAL $ 1,601,717 $ (7,599) $ 1,594,118 Total Amendments - Expenditures $ 217,401 Page 1 of 4 Exhibit A POLICE EDUCATION FUND (110) 2016117 2016117 2016/17 OBJECT ADOPTED AMENDED REVISED CODE CATEGORY BUDGET AMOUNT BUDGET Revenues Non-Revenue 3999000 Carryover $ - $ 2,836 $ 2.836 SUBTOTAL $ - $ 2,836 $ 2,836 Total Amendments - Revenues $ 2,836 Expenditures Public Safety(2001-521) 5450 Training $ 6,000 $ 2,836 $ 8.836 SUBTOTAL $ 6,000 $ 2,836 $ 8.836 Total Amendments - Expenditures $ 2,836 TRANSPORTATION AND STREET MAINTENANCE FUND (120) 2016/17 2016/17 2016/17 OBJECT ADOPTED AMENDED REVISED CODE CATEGORY BUDGET AMOUNT BUDGET Revenues Non-Revenue 3999000 Carryover $ 1,287,308 $ 2,006,600 $ 3,293,908 SUBTOTAL $ 1,287,308 $ 2,006,600 $ 3,293,908 Total Amendments - Revenues $ 2,006,600 Expenditures Public Works/Transportation -54-541 3455 Enhanced Transit Services $ 745,000 $ 85,000 $ 830,000 6305 Road Resurfacing 288,000 238,000 526,000 6307 Street Lighting Improv. 400,000 250,000 650,000 6341 Transportation System Improv. - 239,900 239,900 6999 Capital Reserve 539,473 1,193,700 1,733,173 SUBTOTAL $ 1,972,473 $ 2,006,600 $ 3,979,073 Total Amendments - Expenditures $ 2,006,600 911 FUND (180) 2016/17 2016/17 2016/17 OBJECT ADOPTED AMENDED REVISED CODE CATEGORY BUDGET AMOUNT BUDGET Revenues Non-Revenue 3999000 Carryover $ - $ 14,019 $ 14,019 SUBTOTAL $ - $ 14,019 $ 14,019 Total Amendments - Revenues $ 14,019 Expenditures Public Safety(2001-521) 6999 Capital Reserve $ - $ 14,019 $ 14,019 SUBTOTAL $ - $ 14,019 $ 14,019 Total Amendments - Expenditures $ 14,019 IPage 2 of 4 Al Exhibit A DEBT SERVICE FUND SERIES 2010 & 2011 (230) 2016(17 2016117 2016/17 OBJECT ADOPTED AMENDED REVISED CODE CATEGORY BUDGET AMOUNT BUDGET Revenues Non-Revenue 3811001 Transfer from General Fund $ 1,197,175 $ (95) $ 1,197,080 3999000 Carryover 95 95 SUBTOTAL $ 1,197,175 $ - $ 1,197,175 Total Amendments - Revenues $ - DEBT SERVICE FUND SERIES 2012 CHARTER SCHOOL LAND ACQUISITION (250) 2016/17 2016/17 2016/17 OBJECT ADOPTED AMENDED REVISED CODE CATEGORY BUDGET AMOUNT BUDGET Revenues Non-Revenue 3811001 Transfer from General Fund $ 404,542 $ (7,504) $ 397,038 3999000 Carryover - 7,504 7,504 SUBTOTAL $ 404,542 $ - $ 404,542 Total Amendments - Revenues $ - CAPITAL PROJECTS FUND (392) 2016/17 2016/17 2016/17 OBJECT ADOPTED AMENDED REVISED CODE CATEGORY BUDGET AMOUNT BUDGET Revenues Non-Revenue 3999000 Carryover-Community Services $ 742,847 $ 311,736 $ 1,054,583 SUBTOTAL $ 742,847 $ 311,736 $ 1,054,583 Total Amendments - Revenues $ 311,736 Expenditures Community Services (5001-572) 6325 NE 188th Street Park Improvements $ 616,075 $ 311,736 $ 927,811 SUBTOTAL $ 616,075 $ 311,736 $ 927,811 Total Amendments - Expenditures $ 311,736 Page 3 of 4 1 Exhibit A STORMWATER UTILITY FUND (410) 2016/17 2016117 2016/17 OBJECT ADOPTED AMENDED REVISED CODE CATEGORY BUDGET AMOUNT BUDGET Revenues Non-Revenue 3999000 Carryover $ 110,798 $ 2,154,235 $ 2,265,033 SUBTOTAL $ 110,798 $ 2,154,235 $ 2,265,033 Total Amendments - Revenues $ 2,154,235 Expenditures Public Works/Transportation-54-538 6306 Drainage Improvements $ 339,000 $ 2,087,089 $ 2,426,089 6999 Capital Reserve $ 301,002 $ 67,146 $ 368,148 SUBTOTAL $ 640,002 $ 2,154,235 $ 2,794,237 Total Amendments - Expenditures $ 2,154,235 Page 4 of 4 CITY OF AVENTURA OFFICE OF THE CITY MANAGER MEMORANDUM TO: City Commission FROM: Eric M. Soroka, ICMA-C i' y Ma ager f DATE: January 25, 2017 SUBJECT: Ordinance Creating Youth A. i-ory Board 1st Reading February 9, 2017 City Commission Meeting Agenda Item 2nd Reading March 7, 2017 City Commission Meeting Agenda Item S RECOMMENDATION It is recommended that the City Commission adopt the attached Ordinance creating a Youth Advisory Board. BACKGROUND In accordance with directions discussed at the January Workshop Meeting, and the memorandum prepared by Commissioner, Denise Landman, the City Attorney has drafted the attached Ordinance which creates a Youth Advisory Board. The Ordinance includes the points raised at the Workshop Meeting and is based on previous Ordinances establishing Boards in the City. If you have any questions, please feel free to contact me. EMS/act Attachment CC01693-17 CITY OF AVENTURA OFFICE OF THE CITY COMMISSION MEMORANDUM TO: Eric M. Soroka, ICMA-CM, City Manager FROM: Commissioner Denise Landman DATE: December 9, 2016 SUBJECT: Discussion on Creating a City of Aventura Youth Board Please place on the January Workshop Meeting Agenda a discussion on creating an Aventura Youth Board. The following would be the major points I would recommend for the Ordinance creating the Board: • Open to all high school age residents. • 5 to 7 member Board selected by the City Commission in July of each year for a one year term. • The duties of the Board would include participating in a mock City Commission Meeting which includes local government training, shadowing Commissioners or City staff, volunteering and assistance in promoting City events and other special projects assigned. Thank you. ORDINANCE NO.2017- AN ORDINANCE OF THE CITY OF AVENTURA, FLORIDA CREATING DIVISION 7 "YOUTH ADVISORY BOARD" OF ARTICLE HI "ADVISORY BOARDS" OF CHAPTER 2 "ADMINISTRATION" OF THE CITY CODE OF THE CITY OF AVENTURA, FLORIDA; ESTABLISHING AN ADVISORY BOARD AND PROVIDING FOR ITS DUTIES AND RESPONSIBILITIES; PROVIDING FOR SEVERABILITY; PROVIDING FOR INCLUSION IN CODE; PROVIDING FOR AN EFFECTIVE DATE WHEREAS, the City Commission desires to create an advisory board to assist the City in educational, civic and community events and activities, while providing further educational and development opportunities to high school age residents of the City who serve on the Board. NOW,THEREFORE,BE IT ORDAINED BY THE CITY COMMISSION OF THE CITY OF AVENTURA,FLORIDA,AS FOLLOWS: Section 1. City Code Amended. That Division 7 "Youth Advisory Board" of Article III "Advisory Boards"of Chapter 2"Administration"of the City Code, is hereby created,to read, as follows: DIVISION 7.—YOUTH ADVISORY BOARD Sec.2-211.- Creation,composition and qualifications. A. There is hereby created and established the City of Aventura Youth Advisory Board (the "Board") consisting of seven (7) members, who are high school age residents of the City. The members of the Board shall be appointed by the Mayor, subject to the approval of the City Commission. The members of the Board shall be appointed in July of each year in accordance with procedures established herein and shall hold office at the pleasure of the City Commission. Members of the Board shall serve on the Board without compensation and shall not be reimbursed for travel, mileage, or per diem expenses as to Board service. The members of the Board shall serve for a one-year term and may be reappointed in accordance with the process outlined herein. B. In the event of the resignation or removal of any member of the Board, the Mayor shall appoint a City of Aventura Ordinance No. 2017-_ person to fill the vacancy on such Board for the unexpired portion of the term of the member vacating such office,subject to approval of the City Commission in accordance with procedures established herein. C. In the event that a member of the Board shall be absent and unexcused from a duly-called meeting of the Board for three consecutive meetings, then, in that event, such member shall automatically be removed as a member of the Board effective upon notification to such person from the City Manager. An excused absence shall be requested in writing via email, fax or letter prior to the Board meeting. D. The City Manager or his designee shall provide or designate necessary staff support for the Board in coordination with the City Clerk's Office. Sec.2-212.—Process of Appointment of Board Members. A. City Residents of high school age wishing to be a member of the Board shall make application to the City Manager on the forms provided by the City, for City Commission consideration in July of each year. The City Manager shall interview all applicants and make recommendation to the Mayor. The Mayor shall make appointments to the Board from the list of applicants recommended by the City Manager, subject to the approval of the City Commission. B. The City Manager shall make the Board membership applications available to residents of the City in coordination with public and private high schools which serve the high school age residents of the City. Sec.2-213.-Advisory capacity. The powers and duties of the Board shall be solely of an advisory nature to the City Manager and Mayor and City Commission. The City Manager, by virtue of his office as City Manager, shall be responsible for communicating to the City Commission the pertinent actions of the Board. Sec.2-214.-Rules of procedure;quorum. A. The Board shall adopt rules of procedure not inconsistent with the ordinances of the City and the laws of the State of Florida and shall utilize Robert's Rules of Order recently revised 1990 Edition for the rules of procedure for the conduct of meetings of the Board. The Board may create additional rules for the conduct of its internal proceedings. B. At the first meeting of the Board each school year, the Board shall select one of its members to serve as the Chairperson and another member to serve as the Vice-Chairperson. C. Four(4) members shall constitute a quorum for the transaction of the business of the Board. Official action shall be taken by the Board only upon the concurring vote of a majority of the members present at an official meeting of the Board. Sec.2-215.-Mission;jurisdiction and duties. A. The mission of the Board is to assist the City in educational, civic, and community events and activities, while enabling the City to provide further educational and development opportunities to Board Page 2 of 5 City of Aventura Ordinance No. 2017- members as high school aged residents of the City. The duties of the Board will include, but not be limited to, participating in a mock City Commission meeting which includes local government procedures and training, shadowing and learning from City Commissioners, City staff, and local business leaders selected by the City, volunteering and assisting in promoting City events and other special projects assigned by the City Manager or City Commission to the Board. A mentoring component may also be provided by the City for those serving on the Board. B. Any necessary action of the Board may be in the form of a written recommendation to the City Manager, who may present the recommendation of the Board to the Mayor and City Commission. C. The Board shall meet monthly during the regular school year. Sec.2-216.- Standards of conduct for members. All members of the Board shall be subject to the applicable Standards of Conduct for Public Officers and Employees, as set by Federal, State, County, City or other applicable law pursuant to City Charter Section 7.03. Section 2. Severability.That the provisions of this Ordinance are declared to be severable and if any section, sentence,clause or phrase of this Ordinance shall for any reason be held to be invalid or unconstitutional such decision shall not affect the validity of the remaining sections, sentences, clauses and phrases of this Ordinance,but they shall remain in effect it being the legislative intent that this Ordinance shall stand notwithstanding the invalidity of any part. Section 3. Inclusion in the Code. That it is the intention of the City Commission and it is hereby ordained that the provisions of this Ordinance shall become and be made a part of the Code of the City of Aventura,that the sections of this Ordinance may be renumbered or relettered to accomplish such intentions, and that the word Ordinance shall be changed to Section or other appropriate word. Section 4. Effective Date. That this Ordinance shall be effective immediately upon adoption on second reading. Page 3 of 5 City of Aventura Ordinance No. 2017-_ The foregoing Ordinance was offered by Commissioner Weinberg who moved its adoption on first reading.This motion was seconded by Commissioner Landman and upon being put to a vote,the vote was as follows: Commissioner Denise Landman Yes Commissioner Dr. Linda Marks Yes Commissioner Gladys Mezrahi Yes Commissioner Robert Shelley Yes Commissioner Howard Weinberg Yes Vice Mayor Marc Narotsky Yes Mayor Enid Weisman Yes The foregoing Ordinance was offered by Commissioner who moved its adoption on second reading.This motion was seconded by Commissioner and upon being put to a vote,the vote was as follows: Commissioner Denise Landman Commissioner Dr. Linda Marks Commissioner Gladys Mezrahi Commissioner Robert Shelley Commissioner Howard Weinberg Vice Mayor Marc Narotsky Mayor Enid Weisman PASSED AND ADOPTED on first reading this 9`"day of February, 2017. PASSED AND ADOPTED on second reading this 7`h day of March, 2017. Page 4 of 5 City of Aventura Ordinance No. 2017-_ ENID WEISMAN,MAYOR ATTEST: ELLISA L. HORVATH, MMC CITY CLERK APPROVED AS TO FORM AND LEGAL SUFFICIENCY: CITY ATTORNEY Page 5 of 5