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03-06-2018 Regular Commission Meeting Agenda City Manager City Commission Susan L.Grant Enid Weisman,Mayor Robert Shelley,Vice Mayor City Clerk Denise Landman,Commissioner Elllisa L.Horvath,MMC Dr.Linda Marks,Commissioner i Gladys Mezrahi,Commissioner City Attorney Marc Narotsky Commissioner G_ Weiss Scrota Helfman Howard Weinberg,Commissioner e�✓ G ,.nQ,� Cole&Bierman CITY COMMISSION MEETING AGENDA MARCH 6, 2018 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 • School Reports 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 6, 2018 Commission Regular Meeting • February 22, 2018 Commission Workshop Meeting B. A RESOLUTION OF THE CITY COMMISSION OF THE CITY OF AVENTURA, FLORIDA AWARDING AND LETTING A BID/CONTRACT FOR BID NO. 18-02-14- 2, CITY OF AVENTURA PUMP STATION REPLACEMENT TO THE IRRIGATION GUY FOR THE INDIVIDUAL BID PRICE AS CONTAINED IN EXHIBIT "A" ATTACHED;AUTHORIZING THE CITY MANAGER TO EXECUTE ASSOCIATED CONTRACT;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. C. MOTION TO ACCEPT FOR FILING OF THE COMPREHENSIVE ANNUAL FINANCIAL REPORT (CAFR) FOR THE FISCAL YEAR ENDED SEPTEMBER 30, 2017 AND THE LETTER DATED FEBRUARY 28, 2018 ATTACHED HERETO AS ATTACHMENT A. Aventura City Commission Meeting Agenda March 6, 2018 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. A. ORDINANCE - SECOND READING/PUBLIC HEARING: AN ORDINANCE OF THE CITY OF AVENTURA, FLORIDA,AMENDING THE OFFICIAL ZONING MAP OF THE CITY OF AVENTURA BY AMENDING THE ZONING DESIGNATION FOR A 2.0 ACRE PARCEL OF LAND LOCATED ON THE NORTH SIDE OF NE 213 STREET,WITH MUNICIPAL ADDRESS 3151 NE 213 STREET,AS MORE PARTICULARLY DESCRIBED IN EXHIBIT A TO THIS ORDINANCE, FROM MO, MEDICAL OFFICE DISTRICT TO CF, COMMUNITY FACILITIES DISTRICT; PROVIDING FOR SEVERABILITY; PROVIDING FOR INCLUSION IN THE CODE; PROVIDING FOR AN EFFECTIVE DATE. B. RESOLUTION/PUBLIC HEARING: A RESOLUTION OF THE CITY COMMISSION OF THE CITY OF AVENTURA, FLORIDA, APPROVING A MODIFICATION TO THE SIGN VARIANCE APPROVED THROUGH RESOLUTION NO. 98-42 FOR THE TARGET STORE AT 21265 BISCAYNE BOULEVARD, CITY OF AVENTURA; PROVIDING FOR AN EFFECTIVE DATE. 7. ORDINANCES - FIRST READING/PUBLIC HEARINGS: None. 8. ORDINANCES - SECOND READING/PUBLIC HEARINGS: AN ORDINANCE OF THE CITY OF AVENTURA, FLORIDA AMENDING CHAPTER 2, "ADMINISTRATION," AT ARTICLE II, "DEPARTMENTS," AT SECTION 2-61 "CREATED," TO ADD THE PUBLIC WORKS AND TRANSPORTATION DEPARTMENT TO THE LIST OF CITY DEPARTMENTS; PROVIDING FOR SEVERABILITY; PROVIDING FOR INCLUSION IN THE CODE; AND PROVIDING FOR AN EFFECTIVE DATE. 9. RESOLUTIONS/PUBLIC HEARINGS: A. A RESOLUTION OF THE CITY COMMISSION OF THE CITY OF AVENTURA, FLORIDA APPROVING CHARTER HIGH SCHOOL DONATION AND NAMING RIGHTS AGREEMENT BETWEEN THE CITY OF AVENTURA AND THE SOFFER FAMILY; PROVIDING FOR THE CITY'S CHARTER HIGH SCHOOL TO BE NAMED AND DESIGNATED AS THE DON SOFFER AVENTURA HIGH SCHOOL; EXEMPTING THIS AGREEMENT FROM THE PROVISIONS OF RESOLUTION NO.2000-39 CONCERNING THE GENERAL GUIDELINES FOR NAMING OF CITY FACILITIES AND THE ACCEPTANCE OF MONETARY DONATIONS; PROVIDING FOR IMPLEMENTATION; AND PROVIDING FOR AN EFFECTIVE DATE. Page 2 of 3 Aventura City Commission Meeting Agenda March 6, 2018 B. A RESOLUTION OF THE CITY OF AVENTURA, FLORIDA, CALLING ON THE STATE OF FLORIDA, GOVERNOR RICK SCOTT,PRESIDENT DONALD TRUMP, AND THE FEDERAL GOVERNMENT TO REDUCE GUN VIOLENCE IN AMERICA AND HELP PREVENT FUTURE SHOOTINGS BY REQUIRING A BACKGROUND CHECK FOR EVERY FIREARM SALE; SUPPORTING THE PASSAGE OF A RED FLAG LAW; SUPPORTING RAISING THE AGE FOR LEGAL PURCHASE OF FIREARMS, MAGAZINES AND AMMUNITION TO 21; SUPPORTING THE PASSAGE OF LEGISLATION THAT WOULD KEEP MILITARY-STYLE WEAPONS AND HIGH-CAPACITY MAGAZINES AWAY FROM OUR SCHOOLS; SUPPORTING THE FEBRUARY 20,2018 LETTER FROM MIAMI-DADE COUNTY, MIAMI-DADE COUNTY PUBLIC SCHOOLS, AND THE MIAMI-DADE STATE ATTORNEY REQUESTING ADDITIONAL STATE FUNDING TO PROTECT OUR CHILDREN; AUTHORIZING THE CITY CLERK TO TRANSMIT THIS RESOLUTION; AND PROVIDING FOR AN EFFECTIVE DATE. 10. REPORTS 11. PUBLIC COMMENTS 12. OTHER BUSINESS: None 13. ADJOURNMENT FUTURE MEETINGS* REGULAR COMMISSION WORKSHOP—MARCH 15,2018 AT 9 AM EXECUTIVE CONFERENCE ROOM(5'H FLOOR) REGULAR COMMISSION MEETING—APRIL 3,2018 AT 6 PM COMMISSION CHAMBER REGULAR COMMISSION WORKSHOP—APRIL 19,2018 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. Page 3 of 3 The City of CITY COMMISSION REGULAR MEETING MINUTES Aventura Government Center Aventura, FEBRUARY 6, 2018 19200 W Country Club Drive Aventura. Florida 33180 FOLLOWING LOCAL PLANNING AGENCY MEETING AT 6:00 P.M. 1. CALL TO ORDER/ROLL CALL: The meeting was called to order by Mayor Enid Weisman at 6:05 p.m. The roll was called and the following were present: Mayor Enid Weisman, Vice Mayor Robert Shelley, Commissioner Denise Landman, Commissioner Dr. Linda Marks, Commissioner Gladys Mezrahi, Commissioner Marc Narotsky, Commissioner Howard Weinberg, City Manager Susan L. Grant, City Clerk Ellisa L. Horvath, and City Attorney Matthew Mandel. As a quorum was determined to be present, the meeting commenced. 2. PLEDGE OF ALLEGIANCE: The Pledge was previously done at the Local Planning Agency Meeting. 3. AGENDA: REQUESTS FOR DELETIONS/EMERGENCY ADDITIONS: None. 4. SPECIAL PRESENTATIONS: • Employee Service Awards: Mrs. Grant along with Chief Pegues presented Mary Smith with a recognition certificate and token of appreciation for the completion of 15 years of service with the City. • School Reports: The following provided updates on their schools: Carolina Wesley (ACES), Dylan Shaffman (Aventura Waterways), and Nathaniel Manor (Krop High School). 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 Weinberg, seconded by Commissioner Landman and passed unanimously by roll call vote. The following action was taken: A. Minutes were approved as follows: • January 9, 2018 Commission Regular Meeting • January 18, 2018 Commission Meeting • January 18, 2018 Commission Workshop Meeting B. Resolution No. 2018-25 as 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 6, 2018 C. Resolution No. 2018-26 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. 2018-27 was adopted as follows: 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. E. Resolution No. 2018-28 was adopted as follows: A RESOLUTION OF THE CITY COMMISSION OF THE CITY OF AVENTURA, FLORIDA ENDORSING AND SUPPORTING THE MIAMI-DADE TRANSPORTATION PLANNING ORGANIZATION'S ("TPO") TRANSIT EXPANSION THROUGH THE STRATEGIC MIAMI AREA RAPID TRANSIT ("SMART") PLAN; PRIORITIZING THE NORTHEAST CORRDIOR; URGING THE TPO AND MIAMI-DADE COUNTY TO PURSUE CREATIVE FUNDING SOLUTIONS TO IMPLEMENT THE SMART PLAN; AND PROVIDING FOR AN EFFECTIVE DATE. 6. ZONING HEARINGS: QUASI-JUDICIAL PUBLIC HEARINGS: Mr. Mandel reviewed the quasi-judicial procedures and read the following Ordinance by title: ORDINANCE- FIRST READING/PUBLIC HEARING: AN ORDINANCE OF THE CITY OF AVENTURA, FLORIDA, AMENDING THE OFFICIAL ZONING MAP OF THE CITY OF AVENTURA BY AMENDING THE ZONING DESIGNATION FOR A 2.0 ACRE PARCEL OF LAND LOCATED ON THE NORTH SIDE OF NE 213 STREET, WITH MUNICIPAL ADDRESS 3151 NE 213 STREET, AS MORE PARTICULARLY DESCRIBED IN EXHIBIT A TO THIS ORDINANCE, FROM MO, MEDICAL OFFICE DISTRICT TO CF, COMMUNITY FACILITIES DISTRICT; PROVIDING FOR SEVERABILITY; PROVIDING FOR INCLUSION IN THE CODE; PROVIDING FOR AN EFFECTIVE DATE. Mrs. Grant reviewed the ordinance. The staff report and all testimony provided at the Local Planning Agency meeting was incorporated into the record by reference. A motion for approval of the ordinance was offered by Commissioner Dr. Marks and seconded by Commissioner Mezrahi. Page 2 of 5 Aventura City Commission Meeting Minutes February 6, 2018 Mayor Weisman opened the public hearing. There being no speakers, the public hearing was closed. The motion for approval of the ordinance on first reading passed unanimously, by roll call vote. 7. ORDINANCES - FIRST READING — PUBLIC HEARINGS: Mr. Mandel read the following ordinance by title: AN ORDINANCE OF THE CITY OF AVENTURA, FLORIDA AMENDING CHAPTER 2, "ADMINISTRATION," AT ARTICLE II, "DEPARTMENTS," AT SECTION 2-61 "CREATED," TO ADD THE PUBLIC WORKS AND TRANSPORTATION DEPARTMENT TO THE LIST OF CITY DEPARTMENTS; PROVIDING FOR SEVERABILITY; PROVIDING FOR INCLUSION IN THE CODE;AND PROVIDING FOR AN EFFECTIVE DATE. A motion for approval of the ordinance was offered by Vice Mayor Shelley and seconded by Commissioner Landman. Mrs. Grant reviewed the ordinance. Mayor Weisman opened the public hearing. There being no speakers, the public hearing was closed. The motion for approval of the ordinance on first reading passed unanimously, by roll call vote. 8. ORDINANCES - SECOND READING/PUBLIC HEARINGS: Mr. Mandel read the following ordinance by title: A. AN ORDINANCE OF THE CITY OF AVENTURA, FLORIDA, PROVIDING FOR THE SUBMISSION TO THE ELECTORS OF A PROPOSED AMENDMENT TO CITY CHARTER SECTION 2.03 "ELECTION AND TERM OF OFFICE" AT PARAGRAPH (C) "LIMITATIONS ON LENGTHS OF SERVICE," TO ENABLE A TERM LIMITED COMMISSIONER TO RUN FOR THE OFFICE OF MAYOR; PROVIDING REQUISITE BALLOT LANGUAGE FOR SUBMISSION TO THE ELECTORATE; CALLING A SPECIAL ELECTION ON THE PROPOSED AMENDMENT TO THE CITY CHARTER TO BE HELD ON TUESDAY,THE 28TH DAY OF AUGUST 2018, IN CONJUNCTION WITH THE COUNTY-WIDE PRIMARY ELECTION BEING HELD ON SAID DATE; PROVIDING NOTICE OF ELECTION; PROVIDING FOR ELECTION PROCEDURE; PROVIDING FOR INCLUSION IN THE CHARTER; PROVIDING FOR SEVERABILITY; AND PROVIDING FOR AN EFFECTIVE DATE. A motion for approval of the ordinance was offered by Commissioner Weinberg and seconded by Commissioner Landman. Page 3 of 5 Aventura City Commission Meeting Minutes February 6, 2018 Mayor Weisman opened the public hearing. There being no speakers, the public hearing was closed. The motion for approval of the ordinance on second reading passed unanimously, by roll call vote and Ordinance No. 2018-03 was adopted. Mr. Mandel read the following ordinance by title: B. AN ORDINANCE OF THE CITY OF AVENTURA, FLORIDA AUTHORIZING THE ISSUANCE OF CAPITAL IMPROVEMENT BONDS BY THE CITY IN AN AMOUNT NOT EXCEEDING $7,100,000 FOR THE PURPOSE OF FINANCING A PORTION OF THE COST OF CONSTRUCTING AND EQUIPPING A CHARTER HIGH SCHOOL WITHIN THE CITY, AND PAYING COSTS OF ISSUANCE OF THE BONDS; PROVIDING FOR A SUPPLEMENTAL RESOLUTION SETTING FORTH THE DETAILS OF SAID BONDS; ACCEPTING A PROPOSAL FROM BRANCH BANKING AND TRUST COMPANY TO PURCHASE THE BONDS; PROVIDING FOR SEVERABILITY; AND PROVIDING FOR AN EFFECTIVE DATE. A motion for approval of the ordinance was offered by Commissioner Narotsky and seconded by Commissioner Mezrahi. Mayor Weisman explained the ordinance. Mayor Weisman opened the public hearing. There being no speakers, the public hearing was closed. The motion for approval of the ordinance on second reading passed unanimously, by roll call vote and Ordinance No. 2018-04 was adopted. 9. RESOLUTIONS/PUBLIC HEARINGS: Mr. Mandel read the following resolution by title: A RESOLUTION OF THE CITY OF AVENTURA, FLORIDA, AUTHORIZING THE ISSUANCE OF CAPITAL IMPROVEMENT BONDS, SERIES 2018, OF THE CITY OF AVENTURA, FLORIDA, IN THE AGGREGATE PRINCIPAL AMOUNT OF $7,100,000 FOR THE PURPOSE OF FINANCING A PORTION OF THE COST OF CONSTRUCTING AND EQUIPPING A CHARTER HIGH SCHOOL WITHIN THE CITY, AND PAYING COSTS OF ISSUANCE OF THE BONDS; AWARDING THE SALE OF THE BONDS TO BRANCH BANKING AND TRUST COMPANY; PROVIDING FOR SECURITY FOR THE BONDS; DESIGNATING THE BONDS AS QUALIFIED TAX-EXEMPT OBLIGATIONS UNDER SECTION 265(B)(3)(B) OF THE INTERNAL REVENUE CODE OF 1986; PROVIDING OTHER PROVISIONS RELATING TO THE BONDS; MAKING CERTAIN COVENANTS AND AGREEMENTS IN CONNECTION THEREWITH; PROVIDING FOR SEVERABILITY; AND PROVIDING FOR AN EFFECTIVE DATE. Mrs. Grant reviewed the resolution. A motion for approval of the resolution was offered by Commissioner Weinberg and seconded by Vice Mayor Shelley. Page 4 of 5 Aventura City Commission Meeting Minutes February 6, 2018 Mayor Weisman opened the public hearing. There being no speakers, the public hearing was closed. The motion for approval of the resolution passed unanimously, by roll call vote and Resolution No. 2018-29 was adopted. 10. REPORTS: Community Services Advisory Board Chair Jonathan Evans provide a report on upcoming events and activities in Aventura. Mayor Weisman and Commissioner Weinberg provided reports on their attendance at Miami-Dade County Days in Tallahassee. Commissioner Landman reported on the City's new mobile-friendly web site. 11. PUBLIC COMMENTS: The following members of the public provided comments: Robert Burroughs (Miami). 12. OTHER BUSINESS: None. 13. ADJOURNMENT: There being no further business to come before the Commission, a motion to adjourn was offered by Commissioner Narotsky, seconded by Commissioner Landman, and unanimously approved; thus adjourning the meeting at 6:46 p.m. Ellisa L. Horvath, MMC, City Clerk Approved by the Commission on March 6, 2018. Page 5 of 5 The City of CITY COMMISSION Aventura�ye� WORKSHOP MEETING MINUTES Aventura Government Center �Y �J111��1J1 a FEBRUARY 22, 2018 19200 Country Club Drive Aventura, Florida 33180 4;0-- 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 Robert Shelley, Commissioner Denise Landman, Commissioner Dr. Linda Marks, Commissioner Gladys Mezrahi, Commissioner Marc Narotsky, Commissioner Howard Weinberg, City Manager Susan L. Grant, City Clerk Ellisa L. Horvath, and City Attorney David M. Wolpin. As a quorum was determined to be present, the meeting commenced. A moment of silence was observed in recognition of the mass shooting tragedy at Marjorie Stoneman Douglas High School in Parkland, Florida. Mayor Weisman reported on recent County approval of the Citizen's Independent Transportation Trust's (CITT) recommendation to utilize a more reasonable Maintenance of Effort (MOE) calculation formula for the City; thus, increasing the likelihood of the City's ability to retain all of the transportation surtax proceeds that it receives. 1. CHARTER HIGH SCHOOL UPDATE (Eric Soroka): Eric M. Soroka (CMCS Consulting Services, LLC), along with Jon Hage, CEO Charter Schools USA (CSUSA), provided an update on the new Charter High School. Representatives of the CSUSA Education team provided a presentation highlighting the following: Ivy League Feedback, Learning Environment (space), Key Educational Components, Challenge- Based Learning, Sample Academies, Aventura Academies, Sample 9th and 10th Grade Course Offerings, Technology Enhanced Learning, and Technology and Pedagogy. The Commission discussed the following items: community connection and getting local companies involved, guidance counseling process, interface between universities, consistent awareness beginning at 9th grade, focus on well-rounded students while also being academically rigorous, parent workshops starting at the end of 8th grade, strict code of conduct, interpersonal skills, and importance of classroom design. Mayor Weisman provided a letter from a principal in Singapore. The following members of the public provided comments: Mrs. Stein, Steve Weisman, and Carolina. Mr. Soroka reviewed the timeline and the process with DERM for the site. City Manager Summary: It was the consensus of the City Commission that the CSUSA team proceed with surveying parents and plan a working session (K-8 principals, parents, high school teachers), with the plan to put together a strong outline to bring back to the Commission for review. The Commission took a five minute break. The meeting reconvened at 10:51 a.m. Aventura City Commission Workshop Meeting Minutes—February 22,2018 2. Charter High School Naming (Eric Soroka): Mr. Soroka reviewed the proposed agreement with the Soffer Family for naming rights to the high school in recognition of a $2 million donation. After discussion of sections 3(b) and 4 of the agreement, it was the consensus of the Commission that for section 3(b) no other naming rights would be allowed on the exterior, but that naming rights for the interior should be allowed. Additionally, the term for section 4 should be limited to ten years and that any other naming rights would be upon mutual agreement of the City Commission. Mr. Soroka and Mr. Wolpin explained that the resolution accepting the agreement would provide a section exempting the proposed naming rights from Resolution No. 2000-39. The following members of the public provided comments: Frida Lapidot. The Commission discussed the name of the school. It was the consensus of the Commission to remove the word "Charter" thus naming the school "Don Soffer Aventura High School." City Manager Summary: It was the consensus of the Commission for Mr. Soroka to review the items discussed with the Soffer Family and if they were in agreement to proceed with placing a resolution on the March Commission meeting agenda. 3. Is Medical Marijuana the New Opioid Crisis? (Commissioner Mezrahi): Commissioner Mezrahi provided a PowerPoint presentation and clarified that she was not against medical marijuana, but was in favor of educating people on its impacts. She requested Commission approval to go to Tallahassee on behalf of the City Commission before the next session, to provide information/education. Chief Bryan Pegues provided comments on impacts to the law enforcement community and discussed the Rocky Mountain High Intensity Drug Trafficking Area study on The Legalization of Marijuana in Colorado: the Impact. Mr. Wolpin discussed the City's ordinance banning dispensaries, which was the extent of the City's current legal options. Commissioner Mezrahi spoke against recreational marijuana being placed on a future ballot, or if it is to be able to educate people on both sides of the story. As such, she requested support for the item to be placed on a future legislative agenda, to allow her to lobby Tallahassee on behalf of the City. It was suggested that Commissioner Mezrahi first meet with members of the Miami- Dade delegation locally on her own behalf, to gauge on where they stand on the issue. Page 2 of 3 Aventura City Commission Workshop Meeting Minutes—February 22,2018 City Manager Summary: It was the consensus of the Commission to obtain additional information for this item. Mrs. Grant will provide the Commission with the study discussed by Chief Pegues. 4. Discussion on Gun Violence (Mayor Weisman): Mayor Weisman discussed a request from City of Sunrise Mayor Michael J. Ryan to consider a resolution similar to the one he provided urging legislative action on gun violence, in response to the recent mass shooting in Parkland, Florida. Chief Bryan Pegues, ACES Principal Julie Alm, and ACES School Resource Officer Manny Diaz provided comments. The Commission discussed a letter from the Miami-Dade County Mayor, Miami-Dade County Public Schools Superintendent, Miami-Dade County School Board Chair, Miami- Dade State Attorney, and Miami-Dade County Board of County Commissioners Chair requesting State funding for items to enhance school safety. The following members of the public provided comments: Frida Lapidot. City Manager Summary: It was the consensus of the City Commission to proceed with drafting a resolution for the March meeting based on the resolution provided by Mayor Ryan, with input from the Commission as provided to Mrs. Grant, as well as adding language to support the letter from Miami-Dade County, Miami-Dade County Public Schools, and the Miami-Dade County State Attorney. 5. ADJOURNMENT: There being no further business to come before the Commission, a motion to adjourn was offered by Commissioner Dr. Marks, seconded by Commissioner Narotsky, and unanimously approved; thus adjourning the meeting at 12:10 p.m. Ellisa L. Horvath, MMC, City Clerk Approved by the Commission on March 6, 2018. Page 3 of 3 CITY OF AVENTURA PUBLIC WORKSITRANSPORATION DEPARTMENT MEMORANDUM TO: City Commission FROM: Susan Grant, City Manager /I BY:BY: Joseph S. Kroll, Director of •ubFF Works/Transportation 'yv DATE: February 26, 2018 Y SUBJECT: Bid No. 18-02-14-2 City of Aventura Pump Station Replacement March 6, 2018 City Commission Meeting Agenda Item `J Recommendation: It is recommended that the City Commission adopt the attached Resolution awarding Bid No. 18-02-14-2 City of Aventura Pump Station Replacement to the lowest responsible and responsive bidder; The Irrigation Guy for the amount not to exceed $146,271.78. Background: The bidding process was in accordance with the City's Purchasing Ordinance. Bids for this maintenance contract were solicited, advertised and opened on Wednesday, February 14, 2018 at 2 PM. Two qualified bids were received as follows: The Irrigation Guy. $146,271.78 A.C. Schultes of Florida, Inc. $155,500.00 The bid is based on pricing for a self-contained pump station. This station will have two variable speed pumps, digital gauges for pressure and tank. The bid price includes labor, installation and all required piping and hardware for a turnkey operation. This new pump station will replace a 30 year old antiquated system that has exceeded its useful operational life. The City uses this pump station to irrigate the landscaping on all of Country Club Drive utilizing collected rain water runoff to the lakes in Turnberry Isle Miami. The company will be required to post the appropriate insurance and bonds and all work will be subject to regular review and inspections by the Public Works Storm-water Coordinator and/or the Public Works/Transportation Director. JSK/gf Attachments: Exhibit"A" Bid Tabulation JSK18002 RESOLUTION NO. 2018- A RESOLUTION OF THE CITY COMMISSION OF THE CITY OF AVENTURA, FLORIDA AWARDING AND LETTING A BID/CONTRACT FOR BID NO. 18-02-14-2, CITY OF AVENTURA PUMP STATION REPLACEMENT TO THE IRRIGATION GUY FOR THE INDIVIDUAL BID PRICE AS CONTAINED IN EXHIBIT "A" ATTACHED; AUTHORIZING THE CITY MANAGER TO EXECUTE ASSOCIATED CONTRACT; 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 of the City of Aventura, Florida 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. 18-02-14-2 CITY OF AVENTURA PUMP STATION REPLACEMENT; 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 The Irrigation Guy, has 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 bidders. NOW THEREFORE, BE IT RESOLVED BY THE CITY COMMISSION OF THE CITY OF AVENTURA, FLORIDA: Section 1. That the bid/contract for BID NO. 18-02-14-2, CITY OF AVENTURA PUMP STATION REPLACEMENT is hereby awarded to The Irrigation Guy, at the bid price as contained in the attached bid documents. Section 2. That the City Manager is hereby authorized to execute, on behalf of City of Aventura Resolution No.2018-_ the City, a contract by and between the party 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 401-5401-538.63-06. Section 5. That $95,000 was budgeted for this project for FY 2017/18 and the remaining $51,271.28 needed for the $146,271.28 project amount will be re-appropriated from the storm water Fund Reserve in the midyear budget amendment. Section 5. That 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 Marc Narotsky Commissioner Howard Weinberg Vice Mayor Robert Shelley Mayor Enid Weisman Page 2 of 3 City of Aventura Resolution No.2018-_ PASSED AND ADOPTED this 6th day of March, 2018. ENID WEISMAN, MAYOR ATTEST: ELLISA L. HORVATH, MMC CITY CLERK APPROVED AS TO LEGAL SUFFICIENCY: CITY ATTORNEY Page 3 of 3 CITY OF AVENTURA BID TABULATION REPLACEMENT PUMP STATION BID# 18-02-14.2 Bid opening after 2:00 pm on Wednesday, February 14, 2018 Addendum Prover Bid Subs Listed, Bidder Company TOTAL Acknowledged BondQual. A.C. Schultes of Florida, Inc. $155,500.00 WA Yes Yes Yes The Irrigation Guy, LLC $145,271.78 N/A Yes None Yes Offers listed from the vendors herein are the only offers received timely as of the above opening date and time.All other offers submitted in response to this solicitation, if any, are hereby rejected as late. Purchasing Agent: Indra Saq� to : Page 1 CITY OF AVENTURA FINANCE DEPARTMENT MEMORANDUM TO: City Commission , / . FROM: Susan Grant, City Manager IV BY: Brian K. Raducci, Finance Director DATE: February 28, 2018 SUBJECT: Comprehensive Annual Financial Report (CAFR) Fiscal Year Ended September 30, 2017 March 6, 2018 City Commission Meeting Agenda Item tD G 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, 2017 and the letter dated February 28, 2018 attached hereto as Attachment A." Background The CAFR, a letter from our independent auditors — Caballero Herman Llerena & Garcia LLP and a staff-prepared memorandum (both dated February 28, 2018), were distributed electronically to the City Commission on February 28, 2018. 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, 2018, 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 61" 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 THE CITY OF AVENTURA, FLORIDA >Y Y, L I�I� II pz Comprehensive Annual Financial Report --" For The Fiscal Year Ended September 30, 2 017 e �, COMPREHENSIVE ANNUAL FINANCIAL REPORT OF THE CITY OF AVENTURA, FLORIDA FOR THE FISCAL YEAR ENDED SEPTEMBER 30, 2017 • 0anoft r M Now■t 40 .Ir ■# f#r rl �# rl Prepared By The Finance Department Brian K. Raducci, Finance Director Brent Rogers, Controller CITY OF AVENTURA, FLORIDA TABLE OF CONTENTS PAGES I. 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 1-2 Management's Discussion and Analysis (Unaudited) 3-11 Basic Financial Statements: Government-Wide Financial Statements: Statement of Net Position 12 Statement of Activities 13 Fund Financial Statements: Balance Sheet—Governmental Funds 14 Reconciliation of the Balance Sheet of Governmental Funds to the Statement of Net Position 15 Statement of Revenues, Expenditures and Changes in Fund Balances — Governmental Funds 16 Reconciliation of the Statement of Revenues, Expenditures and Changes in Fund Balances of Governmental Funds to the Statement of Activities 17 Statement of Net Position—Proprietary Fund 18 Statement of Revenues, Expenses and Changes in Net Position—Proprietary Fund 19 Statement of Cash Flows—Proprietary Fund 20 Statement of Net Position—Fiduciary Fund Police Officers' Retirement Plan 21 Statement of Changes in Net Position—Fiduciary Fund Police Officers' Retirement Plan 22 Notes to Basic Financial Statements 23-49 REQUIRED SUPPLEMENTARY INFORMATION: Budgetary Comparison Schedules: General Fund 50 Street Maintenance Fund 51 Schedule of Changes in City's Net Pension Liability and Related Ratios 52 Schedule of City's Contributions 53-54 Schedule of Funding Progress—Other Post-Employment Benefits 55 Notes to Required Supplementary Information 56 SUPPLEMENTARY INFORMATION: Combining Fund Financial Statements: Combining Balance Sheet—Nonmajor Governmental Funds 57 Combining Statement of Revenues, Expenditures and Changes in Fund Balances — Nonmajor Governmental Funds 58 Budgetary Comparison Schedules: Schedules of Revenues, Expenditures and Changes in Fund Balance—Budget and Actual- Special Revenue Funds 59-60 Schedules of Revenues, Expenditures and Changes in Fund Balance—Budget and Actual- Capital Projects Fund 61 Schedules of Revenues, Expenditures and Changes in Fund Balance—Budget and Actual- Debt Service Funds 62-65 CITY OF AVENTURA, FLORIDA TABLE OF CONTENTS PAGES III. STATISTICAL SECTION (UNAUDITED) Net Position by Component 66 Changes in Net Position 67-68 Governmental Activities Tax Revenues by Source 69 Fund Balances of Governmental Funds 70 Changes in Fund Balances of Governmental Funds 71 General Governmental Revenues by Source 72 Assessed Value and Estimated Actual Assessed Value of Taxable Property 73 Property Tax Rates—Direct and Overlapping Governments 74-75 Principal Property Taxpayers 76 Property Tax Levies and Collections 77 Ratios of Outstanding Debt by Type 78 Ratios of General Bonded Debt Outstanding 79 Direct and Overlapping Governmental Activity Debt 80 Legal Debt Margin Information 81 Demographic and Economic Statistics 82 Occupational Employment by Group—Miami-Dade County, Florida 83 Full-Time Equivalent City Government Employees by Function 84 Operating Indicators by Function 85 Capital Asset Statistics by Function 86 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 87-88 Management Letter in Accordance with the Rules of the Auditor General of the State of Florida 89-90 Independent Accountants' Report on Compliance Pursuant to Section 218.415 Florida Statutes 91 INTRODUCTORY SECTION City ®f Aventura Government Center 19200 West Country Club Drive Aventura, Florida 33180 ENID WEISMAN MAYOR February 28, 2018 COMMISSIONERS DENISE LANDMAN DR.LINDA MARKS GLADYS MEZRAHI MARC NAROTSKY To the Honorable Mayor, ROBERT SHELLEY Members of the City Commission HOWARD WEINBERG and Citizens of the City of Aventura, Florida SUSAN L.GRANT 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, 2017. 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 Caballero Fierman Llerena + Garcia, LLP has issued an unmodified ("clean") opinion on the City's financial statements for the fiscal year ended September 30, 2017. The independent auditor's 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 i 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. 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 167 full-time positions and provides high-quality public services including General Government, Public Safety, Community Services and Public Works/Transportation to its residents and business community. In FY 2016/17, the City Commission adopted the following priorities: 1. 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. 2. Monitor and participate in regional efforts to address the impact of rising sea level. 3. Create opportunities for greater community engagement. 4. Ensure that redevelopment projects that require land use/zoning revisions do not have a negative impact on the community. Explore Alternate Transportation Modes The City has recently increased its express shuttle bus service with the addition of a new Silver Route. This addition allows the City to provide six (6) active express routes 12 months a year. The Aventura Express serves the Aventura community within its boundaries to major points of interest like the Aventura Mall transit terminal, the Aventura Community Recreation Center, the Aventura Arts & Cultural Center and the Northeast Branch of the Miami-Dade Library to name a few. The goal of this service is to increase ridership and reduce vehicle traffic, which we have done by transporting 25,000 residents and visitors monthly. The City hired a consultant to prepare a master plan to identify and promote the City's pedestrian and bicycle routes. The study provided insight and recommendations on what we currently have in place and potential improvements to our system. The study showed that the City is on track with pedestrian and bicycle connectivity throughout, with only minor adjustments needed. ii Address the Impact of Risinq Sea Levels The City Commission authorized the City Engineer to prepare a Comprehensive Stormwater Management Plan in order to update the existing Stormwater Master Plan and to study the long-term impact of the rising sea levels on the City's infrastructure. The study was completed and approved in June 2017 and provided potential solutions and capital projects to address various improvements to our drainage system. The study also indicated that the elevations of the City's seawalls were at an acceptable elevation in comparison to the sea level rise. The City will revisit and examine the seawall elevations every five (5) years to observe any changes that may occur. In addition, the Public Works/Transportation Department is scheduling inspections with the Code Compliance Division to ensure that commercial properties are complying with the current drainage maintenance standards. 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. In November of 2016 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 an outdoor adult exercise area. In addition, in February of 2017 the City offered its first "bicycle" Ride with the Aventura Police event to more than 500 participants. 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. The accreditation process increases the agency'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. For the 7th time, CALEA has awarded reaccreditation to the APD. This prestigious organization has awarded our agency with their Gold Standard and as recognized us as one of their flagship organizations. These coveted awards from a nationally recognized and independent organization, symbolizes the agency's professionalism and distinction. The APD is also a leader in the field of technology. The agency has updated our E911 system in Communications as well as our Computer Aided Dispatch ("CAD") and Records Management System ("RMS") for reports and computer dispatch of calls for service. On April 4, 2017, officer and support personnel capabilities were enhanced with the complete merge of our CAD and RMS systems. The merge has allowed our 911 dispatchers to instantly share knowledge of changing events with field units and simultaneously provide existing data on suspects and previous incidents. The RMS is an agency-wide system that provides electronic files that are directly related to law enforcement operations. In addition, during the past year the APD completed the installation of the in-car video for the remainder of the uniform vehicles that had begun in the previous year. iii Aventura City of Excellence School The City owns and operates the Aventura City of Excellence School ("ACES"). ACES 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 14 years. The School will serve 1,020 students in the 2017/18 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. 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 7th 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 1St and ends on September 30th 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 10th of each fiscal year. The preliminary millage rate is based on the certified taxable value that is received on July 1St. 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 1St. 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. iv In September 2017, the Commission adopted the budget for the fiscal year beginning October 1, 2017. 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 22nd 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 2017/18, the City will look to maintain the same service levels and programs that our residents and businesses enjoyed in the prior year except for the following areas: • Added 4 new Police Officer positions at a cost of $363,680, in accordance with the Police Services Agreement with the Aventura Mall, to enhance safety and security as part of the opening of the new addition to the Mall this fall. • Added 3 part-time seasonal Park Attendant position at a cost of $22,821 in order to provide adequate coverage in the peak season and accommodate increased attendance at our park facilities • A new afterschool program at the Community Recreation Center was added for Aventura students that attend Aventura Waterways K-8 and new youth travel soccer and basketball leagues were established to respond to increased demand for these services in the community. The cost will be offset by fees charged for this service. • A Jazz, Wine and Cheese event to be held in April 2018, was added as part of the City's ongoing efforts to provide community events of all age groups. • Increased funding for the shuttle bus service by $45,000 to expand service to new developments that come on-line in the next year. • After several years of modest increases, our employee health insurance costs rose by 9%, which had a $215,000 impact on the budget. More information about the City's economy may be obtained in the MD&A. 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 2016/17: ✓ NE 188th Street Park Improvements ✓ Phase II of NE 291h Place ✓ Country Club Drive Flashing Pedestrian Crossing Signs ✓ NE 27th Ave and NE 28th Court Road Resurfacing ✓ LED Street Lighting Bid ✓ NE 30th Ave and NE 209th Street Road Resurfacing In addition, the following projects were in process at the end of FY 2016/17: • NE 191St Street Drainage & Roadway Improvements • NE 213th Street Seawall Improvements • NE 30th Avenue Street Lighting Improvements • NE 183,4 Street Seawall Improvements • NE 188th and NE 190th Seawall Improvements On February 15, 2018, the City issued $ 7.1 million of Capital Improvement Bonds for the purpose of financing a portion of the cost of constructing and equipping a charter high school within the City and paying the related costs of issuance. The total projected cost to construct and equip the High School $13.1 million. This project consists of constructing a four-story Charter school on NE 213th Street adjacent to Waterways Park along with a Gym to accommodate 800 students at full capacity. The High School is tentatively scheduled to open in August of 2019. v LONG-TERM FINANCIAL PLANNING AND RELEVANT FINANCIAL POLICIES 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. 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. Some of our more significant fund balance classifications include: 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, 2017, the Commission provided a General Fund Capital Reserve of approximately $ 14.8 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. 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 2017/18 annual General Fund revenue approximates $ 3.7 million, while at September 30, 2017 unassigned fund balance approximated $ 21.3 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. On February 15, 2018, the City issued $ 7.1 million of Capital Improvement Bonds for the purpose of financing a portion of the cost of constructing and equipping a charter high school within the City and paying the related costs of issuance. The Bonds qualify as tax-exempt, and have a fixed rate of interest 3.68% for the full term of the loan (final maturity August 1, 2038) and are callable after August 1, 2023 at any time without penalty. vi 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, 2016. This was the 21s` 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 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 submitted, �J r2.�ss L-2�— S49h L. Grant Brian K. Raducci City Manager Finance Director vii CITY OF AVENTURA, FLORIDA LIST OF PRINCIPAL OFFICIALS Title Name Mayor Enid Weisman Commissioner Denise Landman Commissioner Dr. Linda Marks Commissioner Gladys Mezrahi Commissioner Marc Narotsky Commissioner Robert Shelley Commissioner Howard Weinberg City Manager Susan L. Grant City Attorney Weiss Serota Helfman Cole & Bierman, P.L. Community Development Director Joanne Carr Information Technology Director Karen J. Lanke Charter School Principal Julie Alm Finance Director Brian K. Raducci City Clerk Ellisa L. Horvath Arts & Cultural Center General Manager Jeff Kiltie Community Services Director Kimberly Merchant Public Works/Transportation Director Joseph S. Kroll Chief of Police Bryan Pegues City Auditor Caballero Fierman Llerena + Garcia, LLP Viii CITY OF AVENTURA Organizational Chart Residents E ity Commission City Attorney City Manager City Clerk Administra ion Minutes Legal Services Budget/CIR Preparation Records Retention Customer ervice Clerical Support Organizational Oversight Elections Public Safety Community Finance Community Department Development Department Services Department Department Police Planning Finance/Accounting Parks Patrol Zoning Purchasing Special Events Community Relations Building Inspections Risk Management Recreation Programming Criminal investigations Code Enforcement Personnel Athletic Leagues Traffic Enforcement Economic Development Community Recreation Center Emergency Preparedness Occupational Licenses Community Garden Charter School Arts&Cultural Information Public Works/ Department Center Technology Transportation Department Department Department Information Management ROW/Median Maint. K-8 School Facility Management Mass Transit Performing Arts Programming Communications Community Facilities Maint. Capital Projects Stormwater Drainage Maint. IX 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, 2016 3L,-&� P, ;OfAn� Executive Director/CEO X FINANCIAL SECTION MNCABALLERO HERMAN LLERENA GARCIA LLP ©11 accountants I advisors INDEPENDENT AUDITORS' REPORT Honorable Mayor and Members of the City Commission City of Aventura, Florida Report on the Financial Statements 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 30,2017,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 95%, 96% and 96% 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, based on our audit and the report of the other auditors,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, 2017, 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. 1 4649 Ponce de Leon Blvd I Suite 404 1 Coral Gables,FL 33146 T.305.662.7272 F:305.662.4266 1 CFLGCPA.COM 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 3 through 11 and the budgetary comparison schedules, schedule of changes in City's net pension liability and related ratios, schedule of City's contributions, schedule of investment returns and schedule funding progress for other post employment benefits on pages 50 through 56, 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, 2018, 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. ca�6al��wo «�,-ewa f Ow-,a, «Y Caballero Fierman Llerena+ Garcia, LLP Coral Gables, Florida February 28, 2018 2 4649 Ponce de Leon Blvd I Suite 404 1 Coral Gables,FL 33146 T.305.662.7272 F:305.662.4266 1 CFLGCPA.COM MANAGEMENT'S DISCUSSION AND ANALYSIS (M D&A) CITY OF AVENTURA, FLORIDA MANAGEMENT DISCUSSION AND ANALYSIS 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, 2017. 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 $124 million (net position). Of this amount, $41.1 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 $3.9 million over the course of this year's operations. The net position of our governmental activities increased by approximately $3.6 million, while the net position of our business type activities increased by approximately$.3 million. • At the close of the current fiscal year, the City's governmental funds reported combined fund balances of $53 million, an increase of$2.2 million in comparison with the prior year. Approximately 40%of this amount ($21.3 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 nonspendable, committed, assigned and unassigned components of fund balance) for the General Fund was $45.2 million, or approximately 118%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) Fund Governmental Activities Governmental(Modified Accrual) Business-Type Activities Proprietary (Full Accrual) (No Fiduciary Activities) Fiduciary(Full Accrual) Notes to the Financial Statements REQUIRED SUPPLEMENTARY INFORMATION SUPPLEMENTARY INFORMATION Combining Fund Financial Statements&Budgetary Comparison Schedules 3 CITY OF AVENTURA, FLORIDA MANAGEMENT DISCUSSION AND ANALYSIS Major Features of the Basic Financial Statements Government-Wide Fund Financial Statements Financial Statements Governmental Funds Proprietary Funds Fiduciary Funds Scope Entire City government Activities of the City that Activities of the City that Instances in which (except fiduciary activities) are not proprietary or are operated similar to the City is the trustee fiduciary private business or agent for someone else's resources Required financial Statement of net position Balance sheet Statement of net position Statement of net position statements Statement of activities Statement of revenues, Statement of revenues, Statement of changes in expenditures,and net expenses,and changes net position changes in fund balances in net position Statement of cash flows Accounting basis and Accrual accounting and Modified accrual accounting Accrual accounting and Accrual accounting and measurement focus economic resources and current financial economic resources focus economic resources focus focus resources focus Type of asset,liability, All assets and liabilities, Only assets expected to be All assets and liabilities, All assets and liabilities, and deferred outflows/ both financial and capital, used up and liabilities that both financial and capital, both short-term and long- inflows information and short-term and long- come due during the year and short-term and long- term.It also includes the term.It also includes the to soon thereafter,no capital term.It also includes the consumption and the consumption and the assets and long-term consumption and the acquisition of net position acquisition of net position liabilities are included.It also acquisition of net position that applies to future that applies to future includes the consumption that applies to future period(s). period(s). and the acquisition of net period(s). position that applies to future period(s). Basic Financial Statements Government-wide financial statements 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). 4 CITY OF AVENTURA, FLORIDA MANAGEMENT DISCUSSION AND ANALYSIS 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. 5 CITY OF AVENTURA, FLORIDA MANAGEMENT DISCUSSION AND ANALYSIS Basic Financial Statements(Continued) Proprietary 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. 6 CITY OF AVENTURA, FLORIDA MANAGEMENT DISCUSSION AND ANALYSIS Government-Wide Financial Analysis The table below presents a summary of net position as of September 30, 2017 and 2016, derived from the government-wide Statement of Net Position: Net Position (in thousands) Governmental Business-Type Activities Activities Total 2017 2016 2017 2016 2017 2016 Assets: Current and other assets $ 57,058 $ 55,581 $ 1,342 $ 2,319 $ 58,400 $ 57,900 Capital assets 90,254 91,988 8,465 6,809 98,719 98,797 Total assets 147,312 147,569 9,807 9,128 157,119 156,697 Total deferred outflows of resources 5,262 2,642 5,262 2,642 Liabilities: Long-term liabilities 28,785 30,046 - - 28,785 30,046 Other liabilities 6,911 7,521 430 54 7,341 7,575 Total liabilities 35,696 37,567 430 54 36,126 37,621 Total deferred inflows of resources 1,970 1,303 - - 1,970 1,303 Net position: Net investment in capital assets 69,676 69,973 8,465 6,809 78,141 76,782 Restricted 5,085 3,856 - - 5,085 3,856 Unrestricted 40,147 37,512 912 2,265 41,059 39,777 Total net position $ 114,908 $ 111,341 $ 9,377 $ 9,074 $ 124,285 $ 120,415 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$124 million. The largest component of the City's net position is net investment in capital assets and is 63% 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 4%of total net position and contains resources that are subject to external restrictions on how they can be used. Capital assets decreased approximately $.08 million and net investment in capital assets increased by $1.4 million, respectively, 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 $.5 million and unrestricted net position increased by approximately $1.3 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. 7 CITY OF AVENTURA, FLORIDA MANAGEMENT DISCUSSION AND ANALYSIS 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$1.3 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 $.5 million decrease in building permit fees due to lower than the prior year actual building activity. Public safety expenditures decreased by nearly $5.5 million. The prior year expenditures were higher than normal as a result of the implementation of GSAB 68. The net effect of GSAB 68 was approximately $6.5 million. In the current year Public Safety expenditures increased approximately$1 million, related to salaries and benefits. The City incurred significant overtime costs related to hurricane Irma. The table below presents a summary of changes in net position for the years ended September 30, 2017 and 2016, as derived from the government-wide Statement of Activities: Changes in Net Position(in thousands) Governmental Business-Type Activities Activities Total 2017 2016 2017 2016 2017 2016 Revenues: Program revenues: Charges for services $ 10,448 $ 11,096 $ 1,284 $ 904 $ 11,732 $ 12,000 Operating grants and contributions 8,952 10,330 - - 8,952 10,330 Capital grants and contributions 237 475 237 475 General revenues: Property taxes 16,349 15,009 16,349 15,009 Utility service taxes 7,656 7,786 7,656 7,786 Franchise fees 1,979 2,375 1,979 2,375 Intergovernmental revenues 7,141 6,082 7,141 6,082 Other revenues 502 530 9 11 511 541 Total revenues 53,264 53,683 1,293 915 54,557 54,598 Expenses: General government 6,152 5,435 - - 6,152 5,435 Public safety 22,977 28,477 22,977 28,477 Community services 13,906 18,537 13,906 18,537 Public works 5,972 - 5,972 - Interest and fiscal charges 691 781 691 781 Stormwater utility 990 1,165 990 1,165 Total expenses 49,698 53,230 990 1,165 50,688 54,395 Change in net position 3,566 453 303 (251) 3,869 202 Net position,beginning of year(as restated) 111,342 110,888 9,074 9,325 120,416 120,213 Net position,end of year $ 114,908 $ 111,341 $ 9,377 $ 9,074 $ 124,285 $ 120,415 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. 8 CITY OF AVENTURA, FLORIDA MANAGEMENT DISCUSSION AND ANALYSIS Financial Analysis of the City of Aventura's Funds(Continued) Governmental funds (Continued) The General Fund is the City's chief operating fund and at end of the current fiscal year its total fund balance approximated $45.2 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$21.3 million or 47%of the General Fund total fund balance. This amount represents approximately 56%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 $2.6 million during the current fiscal year as the overall revenues and expenditures increased by $.5 million and $1.4 million, respectively. In the current fiscal year, ad valorem taxes increased by approximately $1.3 million as the assessed value of our taxable property increased over the prior year coupled with no change in our ad valorem millage rate. During the year, the City used approximately$.64 million from its Hurricane/Emergency Recovery Operating Reserve to pay for expenditures related to Hurricane Irma. In accordance with the City's Fund Balance Policy, these funds were replenished from the General Fund Unassigned Fund Balance at the end of fiscal year 2017 in order to prepare for possible future events. 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 $.01 million. There were no significant changes in the School's operations and the intergovernmental revenues increased by $.2 million. During the year, the School increased its investment in computers and other capital equipment in the amount of$.3 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 decreased by $.05 million. Revenues remained constant but overall expenditures increased by$.4 as a result of the several seawall repair projects. 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 an increase in net position of $.3 million over the prior year. The City increased its stormwater utility fee for all users in anticipation of increased maintenance costs in future years. General Fund Budgetary Highlights During the year, the original budget was amended and additional revenues were either appropriated or reappropriated resulting in a$3.8 million increase as follows: • $.9 million related to the automatic reappropriation of capital-related encumbrances for capital projects that were in process at the end of fiscal year 2016. • $.2 million related to the reappropriation of remaining capital-related funds from fiscal year 2016 for various projects which were incomplete or assigned at the end of that fiscal year. • $3.5 million was reassigned from the Capital Reserve line item to the Land Acquisition/Purchase line item (for a net effect of zero) related to the purchase of land that will be used to build a new charter high school. The purchase of the land actually took place in December 2017, which will result in the reappropriation of such funds into the fiscal year 2018 budget. • $1.25 million related to the increase in building permit and planning review activity which was offset by additional revenue in their respective categories. • $.38 million to cover relatively minor operational overages. 9 CITY OF AVENTURA, FLORIDA MANAGEMENT DISCUSSION AND ANALYSIS General Fund Budgetary Highlights (Continued) • $1.07 million from the Hurricane/Emergency Recovery Operating Reserve to cover projected expenditures related to Hurricane Irma that were not fully incurred at the end of fiscal year 2017. As a result, these funds along with additional Hurricane/Emergency Recovery Operating Reserve funds will need to be reappropriated/appropriated into the fiscal year 2018 budget. During the year, revenues exceeded budgetary estimates and expenditures were less than budgetary estimates, resulting in the net increase to fund balance of approximately $2.6 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 $.4 million and $1.6 million, respectively due to higher than anticipated revenues in both categories. Non-departmental capital outlay was approximately $18.3 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, 2017 and 2016, the City had $98.7 million and $98.8 million, respectively, invested in a variety of capital assets, as reflected in the following schedule: Capital assets(in thousands, net of depreciation) Governmental Business-Type Activities Activities Total 2017 2016 2017 2016 2017 2016 Land $ 21,023 $ 21,023 $ - $ - $ 21,023 $ 21,023 Buildings 31,979 33,470 - - 31,979 33,470 Improvements other than buildings 10,134 8,326 - - 10,134 8,326 Furniture, machinery and equipment 5,186 5,582 - - 5,186 5,582 Infrastructure 20,003 20,339 6,307 6,070 26,310 26,409 Construction in progress 1,929 3,248 2,158 739 4,087 3,987 Total $ 90,254 $ 91,988 $ 8,465 $ 6,809 $ 98,719 $ 98,797 Additional information can be found in Note 7-Capital Assets. Debt Administration As of year-end, the City had $20.165 million in debt outstanding compared to the $22.015 million last year, an 8.4% 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 2017 2016 2017 2016 2017 2016 Non-Ad Valorem bonds $ 20,165 $ 22,015 $ - $ - $ 20,165 $ 22,015 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. 10 CITY OF AVENTURA, FLORIDA MANAGEMENT DISCUSSION AND ANALYSIS Economic Factors and Next Year's Budgets and Rates (Continued) 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 a 2.0% increase in property values over the prior year while the new construction assessed values rose by $7.4 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 22"d year in a row the FY 2017/18 budget did not include a tax rate increase. In addition, General Fund reserve funds were not utilized to balance the budget. On February 15, 2018 the City issued Capital Improvement Bonds, Series 2018 in the aggregate principal amount of$7.1 million to finance a portion of the cost of constructing and equipping a new charter high school within the City and paying costs of issuance of the bonds. Additional information may be found at NOTE 14 on page 49. The FY 2017/18 budget totals $58.1 million or 11.4% 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$2.7 million— a decrease of $10.5 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. Operating costs increased by $1.25 million or 3.6% as compared to the previous year. The budget maintains our current level for all City services except the following areas: • Added 4 new Police Officer positions at a cost of $.36 million in accordance with the Police Services Agreement with the Aventura Mall, to enhance safety and security as part of the opening of the new addition to the Mall this fall. • Added 3 part-time seasonal Park Attendant position at a cost of $.02 million in order to provide adequate coverage in the peak season and accommodate increased attendance at our park facilities • A new afterschool program at the Community Recreation Center was added for Aventura students that attend Aventura Waterways K-8 and new youth travel soccer and basketball leagues were established to respond to increased demand for these services in the community. The cost will be offset by fees charged for this service. • A Jazz, Wine and Cheese event to be held in April 2018, was added as part of the City's ongoing efforts to provide community events of all age groups. • Increased funding for the shuttle bus service by $.05 million to expand service to new developments that come on-line in the next year. • After several years of modest increases, our employee health insurance costs rose by 9%,which had a$.22 million impact on the budget. 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. 11 BASIC FINANCIAL STATEMENTS CITY OF AVENTURA, FLORIDA STATEMENT OF NET POSITION SEPTEMBER 30, 2017 Governmental Business-Type Activities Activities Total ASSETS Cash, cash equivalents and investments $ 54,221,540 $ 1,022,015 $ 55,243,555 Receivables, net of allowance for uncollectibles 658,571 - 658,571 Due from other governments 1,169,415 319,850 1,489,265 Prepaid expenses 487,298 - 487,298 Inventories 20,985 - 20,985 Restricted cash, cash equivalents and investments 500,594 - 500,594 Capital assets: Nondepreciable 22,951,592 2,158,260 25,109,852 Depreciable, net of accumulated depreciation 67,301,961 6,306,388 73,608,349 Total assets 147,311,956 9,806,513 157,118,469 DEFERRED OUTFLOWS OF RESOURCES Pension 4,850,567 - 4,850,567 Deferred charge on refunding 411,743 - 411,743 Total deferred outflows of resources 5,262,310 - 5,262,310 LIABILITIES Accounts payable 1,590,675 429,515 2,020,190 Accrued liabilities 1,715,567 - 1,715,567 Due to other governments 3,591 - 3,591 Unearned revenues 638,980 - 638,980 Accrued interest payable 24,216 - 24,216 Due within one year: Compensated absences payable 1,118,012 - 1,118,012 Bonds payable 1,820,000 - 1,820,000 Due in more than one year: Compensated absences payable 2,076,309 - 2,076,309 Bonds payable 18,345,000 - 18,345,000 Net pension liability 7,886,348 - 7,886,348 OPEB obligation 477,000 - 477,000 Total liabilities 35,695,698 429,515 36,125,213 DEFERRED INFLOWS OF RESOURCES Pension 1,969,569 - 1,969,569 Total deferred inflows of resources 1,969,569 - 1,969,569 NET POSITION Net investment in capital assets 69,676,810 8,464,648 78,141,458 Restricted for: Community services 2,957,083 - 2,957,083 Capital projects 684,800 684,800 Public safety 1,034,659 - 1,034,659 Debt service 408,360 - 408,360 Unrestricted 40,147,287 912,350 41,059,637 Total net position $ 114,908,999 $ 9,376,998 $ 124,285,997 See notes to basic financial statements 12 ;:I O, 00 N 00 00 O O 0) Cl) I— Lo I— 00 O O O r— r— I— "T N O O O) 00 O CO 00 "T O 0) "T (h (O O) O 00 — — N_ N O 00 "T "T 00 "T 00 O 00 — 0) N0-) (J (`') (`') O O Lo G = (O Lo O G (O Lo n3 L(7 I— 0) O) (O O I— "T Lo I— "T Lo " "T O 00 (h 0) 00 (O O N I— (h (D 0) = (`') (O 00 N (O -�i N Lo O G (O I� � C6 O co N N C O N - i i i i i i O O) i i i i O i i O O O 00 C: N a) _ _ N p Q O O O CO O) Z in > N N co O co c a) in- 0) 0) Z) a) m U -Fum 00 N 00 00 00 m co I— Lo I— 00 O 0) 00 m "T N O O 00 O co 00 co O m co N I— m Z (n O00 = = N_ i O 00 "T "T Lo "T 00 I— co (O m N N N 0) G (`') CY) O Lo G r- Lo O r- 00 Lo I— 0) O) (O (0 � Lo r— � � ch (o � O > CO 0) 00 (O O O (h (0 0) C`') (0 Lo (h 0) Q (O N O O r(O r— co (h "T co co O _ O (» N O 00 O (0 v v M 'O C: cr = � N N Of C: O 00 I� = r— r— W0 Q co -:5 "T O 0) (h (h N N U) m Co C: '2 c W U co c a) W O d LL W CO CO m N U och Ln Ln co LL Of N 00 0') 0') c c ch H O o E Q C 00 00 00 O W W 2 O C� o az co a W a) O W W " v Ln rn v, O H J o N = L 00 Loo r- rn ( ao, o a coo 00o N U) U cm j! v O v C\ � U v, a, U U) 00 (\l o a) c a) (n (n o c a, W (n Fu E O .E o) 2 a) o 'Fn c c H Ln rn (0 00 rn (0 Ln x (n a, O vi m Q 0) o r— OchrnO CO E c a, c cn O co N N N I� 00 N N O a) 0 O N r- O N O O O a) c a) a) a) - - LL 0) 0) 0) (O (O 0) (O O 2 L O E O O a) = a) o- _ c o- o- O a) Q c c E C,3 15 5 64 U U Z Z L a) (n > E (n a) U E E 2' co a) O 'E; � a) O C O) 0- .. > E NE (n U n3 _ � c E c a) 0)—c o Co a, Co Co 7 > N (p N 7 EN -FuU) O, c a) .� E .� (D (n E H c E E 0 m n CITY OF AVENTURA,FLORIDA BALANCE SHEET-GOVERNMENTAL FUNDS SEPTEMBER 30,2017 Major Funds Charter Street Debt Nonmajor Total General School Maintenance Service Fund Governmental Governmental Fund Fund Fund Series 2000 Funds Funds ASSETS Cash and cash equivalents and investments $ 45,798,376 $ 3,008,242 $ 3,144,230 $ 215,679 $ 2,055,013 $ 54,221,540 Restricted cash,cash equivalents and investments - - - 500,533 61 500,594 Accounts receivable 620,568 3,471 - 34,532 658,571 Due from other funds 38,750 - - - 38,750 Due from other governments 728,582 10,503 429,959 371 1,169,415 Inventories 20,985 - - - 20,985 Prepaid expenditures 475,337 11,961 487,298 Total assets $ 47,682,598 $ 3,034,177 $ 3,574,189 $ 716,212 $ 2,089,977 $ 57,097,153 LIABILITIES Accounts payable $ 967,520 $ 412,298 $ 208,178 $ - $ 2,679 $ 1,590,675 Accrued liabilities 852,465 208,097 - 450,692 204,313 1,715,567 Due to other funds - 38,750 - - 38,750 Due to other governments - 3,591 3,591 Unearned revenues 638,980 638,980 Total liabilities 2,458,965 662,736 208,178 450,692 206,992 3,987,563 DEFERRED INFLOWS OF RESOURCES Unavailable revenue-intergovernmental 120,000 20,686 140,686 Total deferred inflows of resources 120,000 20,686 140,686 FUND BALANCES Nonspendable: Inventories 20,985 - - - 20,985 Prepaid expenditures 475,337 11,961 - 487,298 Restricted for. Public works/transportation - - 2,957,083 2,957,083 Public safety/law enforcement - 1,034,659 1,034,659 Capital Projects 684,800 684,800 Debt service - 265,520 142,840 408,360 Committed for: Capital reserves 16,895,756 - - 16,895,756 Hurricane/emergency and disaster recovery operating reserves 5,000,000 5,000,000 Assigned for: Charter school operations - 2,359,480 - 2,359,480 Subsequent years budget 1,541,402 - 288,928 1,830,330 Unassigned: General Fund 21,290,153 - 21,290,153 Total fund balances 45,223,633 2,371,441 3,246,011 265,520 1,862,299 52,968,904 Total liabilities,deferred inflows of resources and fund balances $ 47,682,598 $ 3,034,177 $ 3,574,189 $ 716,212 $ 2,089,977 $ 57,097,153 See notes to basic financial statements 14 CITY OF AVENTURA, FLORIDA RECONCILIATION OF THE BALANCE SHEET OF GOVERNMENTAL FUNDS TO THE STATEMENT OF NET POSITION SEPTEMBER 30, 2017 Amounts reported for governmental activities in the statement of net position are different as a result of: Total fund balances-governmental funds(Page 14) $ 52,968,904 Capital assets used in governmental activities are not financial resources and therefore are not reported in the governmental funds. Governmental capital assets 148,812,201 Less accumulated depreciation (58,558,648) 90,253,553 Deferred outlows and deferred inflows of resources related to pensions 2,880,998 Deferred charge on refunding 411,743 Other long-term assets are not available to pay for current period expenditures and therefore are reported as unavailable revenues in the governmental funds. 140,686 Long-term liabilities, including bonds payable,are not due and payable in the current period and therefore are not reported in the governmental funds. Bonds payable (20,165,000) OPEB obligation (477,000) Net pension liability (7,886,348) Accrued interest (24,216) Compensated absences (3,194,321) (31,746,885) Net position of governmental activities(Page 12) $ 114,908,999 See notes to basic financial statements 15 CITY OF AVENTURA, FLORIDA STATEMENT OF REVENUES, EXPENDITURES AND CHANGES IN FUND BALANCES GOVERNMENTAL FUNDS FOR THE FISCAL YEAR ENDED SEPTEMBER 30,2017 Charter Street Debt Nonmajor Total General School Maintenance Service Fund Governmental Governmental Fund Fund Fund Series 2000 Funds Funds Revenues: Ad valorem taxes $ 16,349,089 $ $ $ - $ $ 16,349,089 Utility taxes 7,655,803 7,655,803 Franchise fees 1,979,437 1,979,437 Licenses and permits 4,978,721 4,978,721 Intergovernmental 4,058,192 7,937,904 2,404,403 96,393 14,496,892 Charges for services 2,700,643 843,231 819,837 - 4,363,711 Fines and forfeitures 2,727,273 - - 60,355 2,787,628 Impact fees - - - - 145,498 145,498 Investment income 275,463 19,535 19,380 25,412 7,747 347,537 Miscellaneous 66,944 198,004 264,948 Total revenues 40,791,565 8,998,674 3,243,620 25,412 309,993 53,369,264 Expenditures: Current: General government 5,303,755 - - - - 5,303,755 Public safety 22,742,209 - 93,070 22,835,279 Community services 3,063,058 8,382,915 - - 11,445,973 Public works 2,968,648 - 1,452,813 - 4,421,461 Capital outlay 1,917,341 258,559 1,838,704 - 639,338 4,653,942 Debt service: Principal - - - 395,000 1,455,000 1,850,000 Interest 111,384 582,295 693,679 Total expenditures 35,995,011 8,641,474 3,291,517 506,384 2,769,703 51,204,089 Excess(deficiency)of revenues over expenditures 4,796,554 357,200 (47,897) (480,972) (2,459,710) 2,165,175 Other financing sources(uses): Sale of general capital assets 11,890 - - - - 11,890 Transfers in - 100,000 506,384 2,038,118 2,644,502 Transfers out (2,200,502) (444,000) (2,644,502) Total other financing sources(uses) (2,188,612) (344,000) 506,384 2,038,118 11,890 Net change in fund balances 2,607,942 13,200 (47,897) 25,412 (421,592) 2,177,065 Fund balances-beginning 42,615,691 2,358,241 3,293,908 240,108 2,283,891 50,791,839 Fund balances-ending $ 45,223,633 $ 2,371,441 $ 3,246,011 $ 265,520 $ 1,862,299 $ 52,968,904 See notes to basic financial statements 16 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, 2017 Amounts reported for governmental activities in the statement of activities(Page 13)are different because: Net change in fund balances-total governmental funds(Page 16) $ 2,177,065 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 4,653,942 Depreciation expense (5,132,689) Net adjustment (478,747) The net effect of various transactions involving capital assets(i.e.,sales,trade-ins,and donations)is to increase(decrease)net position. Capital outlay which did not meet the threshold for capitalization (1,217,531) Other adjustments (293,752) Net adjustment (1,511,283) 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 140,686 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: Bonds payable 1,850,000 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 (46,000) Change in accrued interest 2,471 Amortization of deferred charges (39,161) Increase in net pension liability and related expenses 1,543,477 Decrease in compensated absences (71,187) Net adjustment 1,389,600 Change in net position of governmental activities(Page 13) $ 3,567,321 See notes to basic financial statements 17 CITY OF AVENTURA, FLORIDA STATEMENT OF NET POSITION PROPRIETARY FUND SEPTEMBER 30, 2017 Stormwater Utility Fund ASSETS Current assets: Cash, cash equivalents and investments $ 1,022,015 Due from other governments 319,850 Total current assets 1,341,865 Capital assets: Capital assets not being depreciated 2,158,260 Capital assets being depreciated, net 6,306,388 Total noncurrent assets 8,464,648 Total assets 9,806,513 LIABILITIES Current liabilities: Accounts payable 429,515 Total liabilities 429,515 NET POSITION Investment in capital assets 8,464,648 Unrestricted 912,350 Total net position $ 9,376,998 See notes to basic financial statements 18 CITY OF AVENTURA, FLORIDA STATEMENT OF REVENUES, EXPENSES AND CHANGES IN NET POSITION PROPRIETARY FUND FOR THE FISCAL YEAR ENDED SEPTEMBER 30, 2017 Stormwater Utility Fund Operating revenues: Charges for services $ 1,283,915 Operating expenses: Public Works 704,211 Depreciation expense 286,505 Total operating expenses 990,716 Operating income 293,199 Non-operating revenues: Investment income 9,310 Change in net position 302,509 Net position, beginning of year 9,074,489 Net position, end of year $ 9,376,998 See notes to basic financial statements 19 CITY OF AVENTURA, FLORIDA STATEMENT OF CASH FLOWS PROPRIETARY FUND FOR THE FISCAL YEAR ENDED SEPTEMBER 30, 2017 Cash flows from operating activities: Cash received from customers, users and others $ 1,093,934 Cash paid to suppliers (328,240) Net cash provided by operating activities 765,694 Cash flows from capital and related financing activities: Acquisition and construction of capital assets (1,941,697) Net cash (used in)capital and related financing activities (1,941,697) Cash flows provided by investing activities: Investment income received 9,310 Net cash provided by investing activities 9,310 Net decrease in cash, cash equivalents and investments (1,166,693) Cash, cash equivalents and investments, beginning of year 2,188,708 Cash, cash equivalents and investments, end of year $ 1,022,015 Reconciliation of operating income to net cash provided by operating activities: Operating income $ 293,199 Adjustments to reconcile operating income to net cash provided by operating activities: Depreciation expense 286,505 Changes in assets and liabilities: Increase in due from other governments (189,981) Increase in accounts payable 375,971 Total adjustments 472,495 Net cash provided by operating activities $ 765,694 See notes to basic financial statements 20 CITY OF AVENTURA, FLORIDA STATEMENT OF NET POSITION FIDUCIARY FUND - POLICE OFFICERS' RETIREMENT PLAN SEPTEMBER 30, 2017 ASSETS Investments, at fair value: Common stocks, net of options and futures $ 26,268,799 U.S. Government securities 4,748,074 Hedge funds 1,896,810 Corporate bonds 3,580,469 Money market funds 1,296,148 Real estate 1,471,040 Fixed income mutual fund 1,209,258 Total investments 40,470,598 Receivables: Accounts receivable-sale of investments 22,584 City contribution receivable 4,473 Accrued investment income 167,917 Total receivables 194,974 Other assets 48,950 Total assets 40,714,522 LIABILITIES Accounts payable 7,732 Due for securities purchased 104,084 Total liabilities 111,816 Net position restricted for pensions $ 40,602,706 See notes to basic financial statements 21 CITY OF AVENTURA, FLORIDA STATEMENT OF CHANGES IN NET POSITION FIDUCIARY FUND - POLICE OFFICERS' RETIREMENT PLAN FOR THE FISCAL YEAR ENDED SEPTEMBER 30, 2017 Additions: Contributions: Employer $ 1,497,898 Employees 941,206 State of Florida, premium tax 338,365 Total contributions 2,777,469 Investment income: Net appreciation in fair value of investments 3,796,945 Interest and dividend income 773,259 Miscellaneous income 554 Total investment income 4,570,758 Less: investment expenses (303,323) Net investment income 4,267,435 Total additions 7,044,904 Deductions: Administrative expenses 72,425 Benefits paid 514,739 Refund of contributions - Total deductions 587,164 Change in net position 6,457,740 Net position restricted for pensions: Beginning of year 34,144,966 End of year $ 40,602,706 See notes to basic financial statements 22 NOTES TO BASIC FINANCIAL STATEMENTS CITY OF AVENTURA, FLORIDA NOTES TO BASIC FINANCIAL STATEMENTS 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.). 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. 23 CITY OF AVENTURA, FLORIDA NOTES TO BASIC FINANCIAL STATEMENTS NOTE 1 - SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES (Continued) B. Government Wide and Fund Financial Statements (Continued) 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. 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 This fund is used to account for the payment of principal, interest and other expenditures associated with the Series 2000 Revenue Bonds. 24 CITY OF AVENTURA, FLORIDA NOTES TO BASIC FINANCIAL STATEMENTS NOTE 1 - SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES (Continued) C. Measurement Focus, Basis of Accounting and Financial Statement Presentation (Continued) The City reports the following 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 attheirfairvalue 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. 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 payables - 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. 25 CITY OF AVENTURA, FLORIDA NOTES TO BASIC FINANCIAL STATEMENTS NOTE 1 - SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES (Continued) C. Measurement Focus, Basis of Accounting and Financial Statement Presentation (Continued) 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. Donated capital assets,donated works of art and similar items, and capital assets received in a service concession arrangement should be reported at acquisition value rather than fair value.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. 6. 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$4,850,567 and $411,743, 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$1,969,569 and $140,686, 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. 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. 26 CITY OF AVENTURA, FLORIDA NOTES TO BASIC FINANCIAL STATEMENTS NOTE 1 - SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES (Continued) C. Measurement Focus, Basis of Accounting and Financial Statement Presentation (Continued) 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: 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. 27 CITY OF AVENTURA, FLORIDA NOTES TO BASIC FINANCIAL STATEMENTS NOTE 1 - SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES (Continued) C. Measurement Focus, Basis of Accounting and Financial Statement Presentation (Continued) 10. Fund balance (Continued) 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. 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 budgetany amounts of unassigned fund balance forthe 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. 28 CITY OF AVENTURA, FLORIDA NOTES TO BASIC FINANCIAL STATEMENTS 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, 2017 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, 2017. 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. 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, 2017, the City's investment in the Florida PRIME was that of$23,295,422. 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. 29 CITY OF AVENTURA, FLORIDA NOTES TO BASIC FINANCIAL STATEMENTS NOTE 3 - DEPOSITS AND INVESTMENTS (Continued) Deposits (Continued) 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 Extemal 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, 2017, 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 October 10, 2016,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; (10)taxable/tax-exempt municipal bonds; and (11) Israel 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. 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, 2017 is $505,445 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. 30 CITY OF AVENTURA, FLORIDA NOTES TO BASIC FINANCIAL STATEMENTS NOTE 3 - DEPOSITS AND INVESTMENTS (Continued) Investments (Continued) As of September 30, 2017,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 $ 23,295,422 Deposits with financial institutions 13,176,715 U.S. Treasury bills 6,203,743 U.S. Government obligations 6,551,370 Corporate bonds 4,058,510 Asset backed securities 1,218,716 Guaranteed investment contract 500,594 Commercial paper 99,942 Mortgage-backed securities 486,490 International Bonds 150,000 Petty cas h 2,648 Total cash and cash equivalents and investments 55,744,149 Fiduciary fund investments: Common stocks, net of options and futures 26,268,799 U.S. Government securities 4,748,074 Hedge funds 1,896,810 Corporate bonds 3,580,469 Money market funds 1,296,148 Real estate 1,471,040 Fixed income mutual fund 1,209,258 Total fiduciary investments 40,470,598 $ 96,214,747 Cash, cash equivalents and investments are classified in the accompanying financial statements as follows: Statement of Net Position: Cash, cash equivalents and investments $55,243,555 Restricted cash, cash equivalents and investments 500,594 55,744,149 Statement of Net Position-Fiduciary Fund: Common stocks, net of options and futures 26,268,799 U.S. Government securities 4,748,074 Hedge funds 1,896,810 Corporate bonds 3,580,469 Money market funds 1,296,148 Real estate 1,471,040 Fixed income mutual fund 1,209,258 40,470,598 $96,214,747 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. 31 CITY OF AVENTURA, FLORIDA NOTES TO BASIC FINANCIAL STATEMENTS NOTE 3 - DEPOSITS AND INVESTMENTS (Continued) Interest Rate Risk(Continued) 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, 2017, is 51 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 30,2017, is 80 days. Information about the exposure of the City's debt-type investments to this risk using the segmented time distribution model is as follows: Time to Maturity(in Years) Greater Fair Less Than 1-5 6-10 Than Summary of Investments and Interest Rate Risk Value 1 Year Years Years 10 Years City Investments: State Board of Administration-SBA,Florida PRIME $23,295,422 $23,295,422 $ - $ $ U.S.Treasury bills 6,203,743 1,371,529 4,832,215 U.S.Government obligations 6,551,370 1,364,375 5,186,995 Corporate bonds 4,058,510 1,913,997 2,144,513 Asset backed securities 1,218,716 24,073 1,194,643 Commercial paper 99,942 99,942 - Mortgage-backed securities 486,490 50,387 384,329 51,773 International Bonds 150,000 - 150,000 - Subtotal-City Investments 42,064,192 28,119,724 13,892,695 51,773 Fiduciary Fund: U.S.Government securities 4,748,074 283,596 3,272,589 1,191,889 Corporate bonds 3,580,469 352,730 3,047,884 179,855 - Fixed income mutual fund 1,209,258 - 276,074 559,160 374,024 Subtotal-Fiduciary Fund 9,537,801 636,326 6,596,547 1,930,904 374,024 Total Investments $51,601,993 $28,756,050 $20,489,242 $ 1,982,677 $ 374,024 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. 32 CITY OF AVENTURA, FLORIDA NOTES TO BASIC FINANCIAL STATEMENTS 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 Fair Value City Investments: P-1 /A-1 $ 848,805 AAAm 23,295,422 Aaa/AAA 813,178 Aaa/AA+ 12,643,020 Aa3/AA 1,336,660 Aa2/AA 129,236 Al /A+ 944,274 Al /A 692,422 A2/A- 284,266 A3/BBB+ 521,372 Not Rated 555,537 42,064,192 Fiduciary Fund: A 20,799 Al 764,728 A2 996,855 A3 155,363 Aa2 77,206 Aa3 182,301 AAA 4,202,504 B 227,703 Baal 126,079 BBB 640,181 Below B 47,887 Not Rated 2,096,195 9,537,801 $ 51,601,993 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 30,2017,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 8%, 7%and 11%, 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 10% 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. 33 CITY OF AVENTURA, FLORIDA NOTES TO BASIC FINANCIAL STATEMENTS NOTE 3 - DEPOSITS AND INVESTMENTS (Continued) 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,which consist of ADR's and foreign bonds,is$6,614,441.The investment policy limits the foreign investments to no more than 12.5% of the plan's investments balance. At September 30, 2017, these foreign investments were 16%of the total investments. NOTE 4 - 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. 34 CITY OF AVENTURA, FLORIDA NOTES TO BASIC FINANCIAL STATEMENTS NOTE 4 - FAIR VALUE MEASUREMENTS (Continued) The City has the following recurring fair value measurements as of September 30,2017; Fair Value Measurements at Reporting Date Quoted Prices Significant in Active Other Significant Markets for Observable Unobservable Identical Assets Inputs Inputs September 30,2017 Fair Value Level 1 Level 2 Level 3 City investments: U.S.treasury bills $ 6,203,743 $ $ 6,203,743 $ U.S.government obligations 6,551,370 6,551,370 Corporate bonds 4,058,510 4,058,510 Asset backed securities 1,218,716 1,218,716 Commercial paper 99,942 99,942 Mortgage-backed securities 486,490 486,490 Foreign 150,000 150,000 Subtotal-city investments 18,768,770 18,768,770 Fiduciary fund: Common stocks 26,268,799 26,268,799 - U.S.government securities 4,748,074 4,018,328 729,746 Corporate bonds 3,580,469 - 3,580,469 Fixed income mutual fund 1,209,258 - 1,209,258 Subtotal-investments byfairvalue level 35,806,600 30,287,127 5,519,473 Investments measured at the Net Asset Value(NAV)(a) Hedge funds 1,896,810 Real estate fund 1,471,040 Subtotal-investments measured at the NAV 3,367,850 Moneymarketfunds(exempt) 1,296,148 Subtotal-fiduciary fund 40,470,598 Total investments $ 59,239,368 $ 30,287,127 $ 18,768,770 $ (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 $18,768,770 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. 35 CITY OF AVENTURA, FLORIDA NOTES TO BASIC FINANCIAL STATEMENTS 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: Redemption Unfunded Frequency(if Redemption Invesments Measured atthe NAV Fair Value Commitments CurrentlyEligible) Notice Period Hedge fund(1) $ 939,247 $ Quarterly 90 Days Hedge fund(2) 96,749 Sem i-Annual 95 Days Hedge fund(3) 860,814 Quarterly 95 Days Real estate fund(4) 1,471,040 Quarterly 65 Days Total investments measured atthe NAV $ 3,367,850 $ (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. (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. 36 CITY OF AVENTURA, FLORIDA NOTES TO BASIC FINANCIAL STATEMENTS NOTE 5 - RECEIVABLES Receivables as of September 30, 2017 for the City's individual major funds and non-major funds in the aggregate consist of the following: Charter Street Nonmajor General School Maintenance Stormwater Governmental Fund Fund Fund Fund Funds Total Receivables: Franchise and utility $ 474,746 $ - $ - $ - $ - $ 474,746 Intergovernmental 728,582 10,503 429,959 319,850 371 1,489,265 Police services 116,100 - - - - 116,100 Vendors and miscellaneous 29,722 3,471 - 34,532 67,725 Net total receivables $ 1,349,150 $ 13,974 $ 429,959 $ 319,850 $ 34,903 $ 2,147,836 NOTE 6 - INTERFUND TRANSFERS Interfund transfers during the year ended September 30,2017 were as follows: Transfers In Transfers Out General Fund $ - $2,200,502 Charter School Fund 100,000 444,000 Debt Service Fund Series 2000 506,384 - Nonmajorgovernmental funds 2,038,118 - $2,644,502 $2,644,502 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. 37 CITY OF AVENTURA, FLORIDA NOTES TO BASIC FINANCIAL STATEMENTS NOTE 7 - CAPITAL ASSETS Capital assets activity for the year ended September 30, 2017 was as follows: Balance Retirements Balance Septem ber 30, and Septem ber 30, 2016 Additions Transfers 2017 Governmental activities: Capital assets,not being depreciated: Land $ 21,022,864 $ - $ - $ 21,022,864 Construction in progress 3,247,761 2,010,170 (3,329,203) 1,928,728 Total capital assets,not being depreciated 24,270,625 2,010,170 (3,329,203) 22,951,592 Capital assets,being depreciated: Buildings 49,094,273 - 49,094,273 Improvements other than buildings 13,424,025 2,351,615 15,775,640 Infrastructure 40,092,283 1,198,677 (47,626) 41,243,334 Furniture,machineryand equipment 18,960,244 1,205,152 (418,034) 19,747,362 Total capital assets,being depreciated 121,570,825 4,755,444 (465,660) 125,860,609 Less accumulated depreciation for: Buildings 15,623,752 1,491,372 17,115,124 Improvements other than buildings 5,097,609 544,560 5,642,169 Infrastructure 19,753,461 1,500,006 (13,395) 21,240,072 Furniture,machineryand equipment 13,378,448 1,596,751 (413,916) 14,561,283 Total accumulated depreciation 53,853,270 5,132,689 (427,311) 58,558,648 Total capital assets,being depreciated,net 67,717,555 (377,245) (38,349) 67,301,961 Governmental activities capital assets,net $ 91,988,180 $ 1,632,925 $ (3,367,552) $ 90,253,553 Business-type activities: Capital assets,not being depreciated: Construction in progress $ 739,274 $ 1,941,697 $ (522,711) $ 2,158,260 Total capital assets,not being depreciated 739,274 1,941,697 (522,711) 2,158,260 Capital assets,being depreciated: Infrastructure 9,771,703 522,711 10,294,414 Less accumulated depreciation 3,701,521 286,505 3,988,026 Total capital assets,being depreciated,net 6,070,182 236,206 6,306,388 Business-type activities capital assets,net $ 6,809,456 $ 2,177,903 $ (522,711) $ 8,464,648 Depreciation expense was charged to functions/programs of the primary government as follows: Governmental activities: General government $ 379,989 Public safety 1,332,299 Community services 1,920,395 Public works 1,500,006 $5,132,689 Business-type activities: Stormwater utility $ 286,505 38 CITY OF AVENTURA, FLORIDA NOTES TO BASIC FINANCIAL STATEMENTS NOTE 8 - LONG-TERM LIABILITIES OF GOVERNMENTAL ACTIVITIES Changes in Governmental Activities long-term liabilities during the year ended September 30,2017 were as follows: Balance Balance Due Within September 30,2016 Additions Reductions September 30,2017 One Year Series 2000 Revenue Bonds payable $ 2,210,000 $ $ (395,000) $ 1,815,000 $ 415,000 Series 2010 Refunding Revenue Bonds payable 8,100,000 (505,000) 7,595,000 525,000 Series 2011 Refunding Revenue Bonds payable 4,360,000 (270,000) 4,090,000 280,000 Series 2012 Refunding Revenue Bonds payable 7,345,000 (680,000) 6,665,000 600,000 Compensated absences payable 3,123,133 1,565,624 (1,494,436) 3,194,321 1,118,012 Net Pension Liability 7,437,175 6,342,856 (5,893,683) 7,886,348 - Other post-employment benefiits 431,000 46,000 477,000 $ 33,006,308 $7,954,480 $(9,238,119) $ 31,722,669 $2,938,012 Compensated absences, net pension liability and other post-employment benefits attributable to governmental activities are generally liquidated by the General Fund. Revenue bonds as of September 30, 2017 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. $ 1,815,000 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. 7,595,000 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. 4,090,000 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. 6,665,000 $20,165,000 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, 2017 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. 39 CITY OF AVENTURA, FLORIDA NOTES TO BASIC FINANCIAL STATEMENTS NOTE 8 - LONG-TERM LIABILITIES OF GOVERNMENTAL ACTIVITIES Series 2010 and 2011 Refunding Revenue Bonds(Continued) 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. 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 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 1,525,000 410,994 1,935,994 2022 1,575,000 365,570 1,940,570 2023-2027 8,610,000 1,092,618 9,702,618 2028-2029 2,300,000 81,148 2,381,148 $20,165,000 $3,654,279 $23,819,279 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 ofthe 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 III, Section 3.08 of the City Charter. The City Manager must provide six(6) months advance written notice to resign voluntarily. 40 CITY OF AVENTURA, FLORIDA NOTES TO BASIC FINANCIAL STATEMENTS 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 Agreements 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 $903,090. 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 $1,541,402 Street Maintenance Fund 288,928 Stormwater Utility Fund 303,031 $2,133,361 41 CITY OF AVENTURA, FLORIDA NOTES TO BASIC FINANCIAL STATEMENTS 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, 2016, the latest actuarial valuation, health care and dental plan participants consisted of: Active Plan participants 167 Retiree Plan participants 1 168 Plan Description 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 30,2017,the annual required contribution was$96,000.The City made estimated explicit and implicit contributions of$23,000 towards this amount. Retirees contributed approximately$4,782 towards the cost of these benefits, for the fiscal year ended September 30, 2017. At September 30, 2017 the City recorded a net OPEB obligation of $477,000 for governmental activities, in its government-wide statement of net position. 42 CITY OF AVENTURA, FLORIDA NOTES TO BASIC FINANCIAL STATEMENTS 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) $ 96,000 Interest on net pension obligation 17,000 Adjustmentto annual required contribution (44,000) Total annual OPEB cost 69,000 Employer contributions made (23,000) Interest on employer contributions - Increase in net OPEB obligation 46,000 Net OPEB obligation, beginning of year 431,000 Net OPEB obligation, end of year $477,000 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 2017 and two preceding years were as follows: Percentage Annual of Annual Year Ending OPEB OPEB Cost Net OPEB September 30, Cost Contributed Obligation 2017 $ 69,000 33% $ 477,000 2016 100,000 45% 431,000 2015 102,000 47% 376,000 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: 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 July 1,2017 $ - $ 569,000 $ 569,000 0.0% $12,995,000 4.4% 43 CITY OF AVENTURA, FLORIDA NOTES TO BASIC FINANCIAL STATEMENTS NOTE 11 - OTHER POST-EMPLOYMENT BENEFITS (Continued) 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, 2017 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. 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: 2017/2018 7.00% 2018/2019 6.50% 2019/2020 6.00% 2020/2021 and later 5.50% With respect to the fully subsidized dental insurance,the assumed dental costs increase at the rate of 3.00% per year. 44 CITY OF AVENTURA, FLORIDA NOTES TO BASIC FINANCIAL STATEMENTS NOTE 11 - OTHER POST-EMPLOYMENT BENEFITS (Continued) Methods and Assumptions (Continued) Implied Subsidy(Medical Insurance) The implied subsidy for a 62-year old retiree for the period July 1, 2017 through June 30, 2018 is assumed to be$6,300 for the retiree and $6,600 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. 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. Marriage 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 $834,000 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. 45 CITY OF AVENTURA, FLORIDA NOTES TO BASIC 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). Plan Membership as of October 1, 2016 Inactive Plan members or beneficiaries currently receiving benefits 13 Inactive Plan members entitled to but not yet receiving benefits 3 Active Plan members 78 Tota 1 94 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 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. Disability 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%. 46 CITY OF AVENTURA, FLORIDA NOTES TO BASIC FINANCIAL STATEMENTS NOTE 13 - DEFINED BENEFIT PENSION PLAN (Continued) Net Pension Liability The City's net pension liability was measured as of September 30,2016.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, 2015 (and rolled forward to September 30, 2016) using the following actuarial assumptions: applied to all measurement periods. Inflation 2.30% 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 2016 are summarized in the following table: Long Term Expected Asset Class TargetAllocation Real Rate of Return Domestic Equity 55% 7.69% Internation Equity 10% 7.26% Fixed Income 20% 2.47% Real Estate 5% 3.58% Hedge Funds 10% 2.60% Tota 1 100% 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. 47 CITY OF AVENTURA, FLORIDA NOTES TO BASIC FINANCIAL STATEMENTS NOTE 13 - DEFINED BENEFIT PENSION PLAN (Continued) CHANGES IN NET PENSION LIABILITY Increase(Decrease) Total Pension Plan Fiduciary Net Pension Liability a Net Position(b) Liability(a)-(b) Reporting period ending September 30,2016 $ 37,576,052 $ 30,138,877 $ 7,437,175 Changes for the year: Service cost 1,810,699 - 1,810,699 Interest 2,931,936 - 2,931,936 Differences between expected and actual experience (1,226,574) (1,226,574) Changes of benefit terms 1,534,188 1,534,188 Contributions-employer - 1,302,614 (1,302,614) Contributions-state 342,209 (342,209) Contributions-employee 863,769 (863,769) Net investment income 2,158,517 (2,158,517) Benefit payments,including refunds of employee contributions (588,554) (588,554) - Administrative expenses (66,033) 66,033 Netchange 4,461,695 4,012,522 449,173 Reporting period ending September 30,2017 $ 42,037,747 $ 34,151,399 $ 7,886,348 Sensitivity of the net pension liabilty to changes in the discount rate. Current Discount 1%Decrease Rate 1%Increase 6.50% 7.50% 8.50% City's Net Pension Liability $ 14,030,490 $ 7,886,348 $ 2,866,723 Pension plan fiduciary net position. Detailed information about the pension plan's fiduciary net position is available in a separately issued Plan financial report. 48 CITY OF AVENTURA, FLORIDA NOTES TO BASIC FINANCIAL STATEMENTS 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, 2017 the Sponsor will recognize a pension expense of $2,025,513. On September 30,2017 the Sponsor reported deferred outflows of resources and deferred inflows of resources related to pensions from the following sources: Deferred Outflows Deferred Inflows of Resources of Resources Differences between expected and actual experience $ - $ 1,969,569 Changes of assumptions 1,278,490 Net difference between projected and actual earnings on pension plan investments 1,735,815 - Employer and State contributions subsequent to the measurement date 1,836,262 - Actual earnings on pension plan investments $ 4,850,567 $ 1,969,569 The deferred outflow of resources, resulting from the City and State contributions to the Plan subsequent to the measurement date of September 30, 2016 in the amount of$1,836,262 will be recognized as a reduction of the City's net pension liability in the fiscal year ended September 30, 2018. Amounts reported as deferred outflows of resources and deferred inflows of resources related to pensions will be recognized in pension expense as follows: Yearended September 30: 2018 $ 410,557 2019 410,556 2020 465,770 2021 (103,931) 2022 (138,216) Thereafter - NOTE 14—SUBSEQUENT EVENT On February 15,2018 the City issued Capital Improvement Bonds, Series 2018 in the aggregate principal amount of$7,100,000 to finance a portion of the cost of constructing and equipping a new charter high school within the City and paying costs of issuance of the bonds. The bonds are bank qualified, have a life of 20 years and have an interest rate of 3.68%. The interest payment will be paid semiannually each February 1st and August 1st. The bonds will mature on August 1, 2038 and will be callable after August 1, 2023. The average annual debt service will be $496,954.98. 49 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, 2017 Variance with Final Budget Budgeted Amounts Actual Positive Original Final Amounts (Negative) Revenues: Locally levied taxes $ 26,371,904 $ 26,371,904 $ 25,984,329 $ (387,575) Licenses and permits 3,330,000 4,580,000 4,978,721 398,721 Intergovernmental revenues 3,898,200 3,953,200 4,058,192 104,992 Charges for services 2,593,000 2,633,000 2,700,643 67,643 Fines and forfeitures 1,054,000 1,140,000 2,727,273 1,587,273 Miscellaneous 270,450 270,450 342,407 71,957 Total revenues 37,517,554 38,948,554 40,791,565 1,843,011 Expenditures: Current: General government: City commission 144,307 144,307 140,231 4,076 City manager 729,895 729,895 724,156 5,739 Legal 305,000 410,000 406,843 3,157 City clerk 319,568 319,568 305,914 13,654 Finance 1,024,135 1,024,135 1,011,759 12,376 Information technology 1,085,098 1,085,098 1,011,682 73,416 Nondepartmental 1,526,500 2,603,500 1,703,170 900,330 Total general government 5,134,503 6,316,503 5,303,755 1,012,748 Public safety: Police 18,963,269 19,183,269 19,000,558 182,711 Community development 2,571,182 3,821,182 3,741,651 79,531 Total public safety 21,534,451 23,004,451 22,742,209 262,242 Community services: Community services 2,259,732 2,334,732 2,285,355 49,377 Arts and cultural center 782,250 782,250 777,703 4,547 Total community services 3,041,982 3,116,982 3,063,058 53,924 Public works: Public works 2,751,942 2,996,942 2,968,648 28,294 Total public works 2,751,942 2,996,942 2,968,648 28,294 Capital outlay 19,277,136 20,175,631 1,917,341 18,258,290 Total expenditures 51,740,014 55,610,509 35,995,011 19,615,498 Excess(deficiency)of revenues over expenditures (14,222,460) (16,661,955) 4,796,554 21,458,509 Other financing sources(uses): Sale of general capital assets 25,000 25,000 11,890 13,110 Transfers out (2,208,101) (2,200,502) (2,200,502) - Appropriated fund balance 16,405,561 18,837,457 - 18,837,457 Total other financing sources(uses) 14,222,460 16,661,955 (2,188,612) 18,850,567 Net change in fund balance $ - $ - $ 2,607,942 $ 2,607,942 See notes to required supplementary information 50 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, 2017 Variance with Final Budget Budgeted Amounts Positive Original Final Actual (Negative) Revenues: Intergovernmental revenues $ 2,244,000 $ 2,244,000 $ 2,404,403 $ 160,403 Impact fees - - 819,837 819,837 Investment income 2,000 2,000 19,380 17,380 Total revenues 2,246,000 2,246,000 3,243,620 997,620 Expenditures: Operating 1,398,527 1,483,527 1,452,813 30,714 Capital outlay 1,227,473 4,056,381 1,838,704 2,217,677 Total expenditures 2,626,000 5,539,908 3,291,517 2,248,391 Excess (deficiency)of revenues over expenditures (380,000) (3,293,908) (47,897) 3,246,011 Other financing sources (uses): Appropriated fund balance 380,000 3,293,908 - (3,293,908) Total other financing sources (uses) 380,000 3,293,908 - (3,293,908) Net change in fund balance $ - $ - $ (47,897) $ (47,897) See notes to required supplementary information 51 CITY OF AVENTURA, FLORIDA SCHEDULE OF CHANGES IN CITY'S NET PENSION LIABILITY AND RELATED RATIOS LAST 10 FISCAL YEARS Reporting period ending 9/30/2017 9/30/2016 9/30/2015 Measurement date 9/30/2016 9/30/2015 9/30/2014 Total pension liability Service cost $ 1,810,699 $ 1,896,180 $ 1,732,252 Interest 2,931,936 2,727,885 2,238,129 Changes of benefit terms - 2,797,541 - Differences between expected and actual experience (1,226,574) (1,326,392) Changes of assumptions 1,534,188 - - Benefit payments,including refunds of employee contributions (588,554) (394,472) (409,084) Net change in total pension liability 4,461,695 5,700,742 3,561,297 Total pension liability-beginning 37,576,052 31,875,310 28,314,013 Total pension liability-ending(a) $ 42,037,747 $ 37,576,052 $ 31,875,310 Plan fiduciary net position Contributions-employer $ 1,302,614 $ 1,550,643 $ 1,548,543 Contributions-state 342,209 310,354 318,440 Contributions-employee 863,769 541,792 541,099 Net investment income(loss) 2,158,517 (614,811) 2,199,131 Benefit payments,including refunds of employee contributions (588,554) (394,472) (409,085) Administrative expense (66,033) (66,115) (55,897) Net change in plan fiduciary net position 4,012,522 1,327,391 4,142,231 Plan fiduciary net position-beginning 30,138,877 28,811,486 24,669,255 Plan fiduciary net position-ending(b) $ 34,151,399 $ 30,138,877 $ 28,811,486 Net pension liability-ending(a)-(b) $ 7,886,348 $ 7,437,175 $ 3,063,824 Plan fiduciary net position as a percentage of the total pension liability 81.24% 80.21% 90.39% Covered employee payroll* $ 8,129,475 $ 8,047,155 $ 7,986,695 Net pension liability as a percentage of covered employee payroll 97.01% 92.42% 38.36% "The covered employee payroll numbers shown are in compliance with GASB 82 Notes to schedule Changes of benefit terms: For measurement date 09/30/2015,amounts reported as changes of benefit terms were resulted from Ordinance 2014-11 that was adopted on 09/17/2014 made the following changes: 1.) Provide for an automatic annual cost-of-living increase (COLA)to all future retirees of any type (Normal, Early, Disability, Vested Deferred, Beneficiary,etc.). In order to be eligible for the COLA,the Officer must have been in active employment on or after October 1,2015(Officers who terminated prior to that date are not eligible for the COLA).The COLA adjustment 2.)Increase the Member Contribution Rate,effective October 1,2015,from 6.775%to 10.775%of Salary. 3.)Provide that the maximum amount of overtime that will be included in pensionable compensation will be 300 hours per year. Changes of assumptions: For measurement date 09/30/2016, as a result of Chapter 2015-157, Laws of Florida, the assumed rates of mortality were changed to the assumptions used by the Florida Retirement System for special risk employees. The inflation assumption rate was lowered from 3.00% to 2.30%, matching the long-term inflation assumption utilized by the Plan's investment consultant. 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 52 CITY OF AVENTURA, FLORIDA SCHEDULE OF CITY'S CONTRIBUTIONS LAST 10 FISCAL YEARS Report period ending 9/30/2017 9/30/2016 9/30/2015 9/30/2014 Actuarially determined contribution $ 1,826,049 $ 1,698,166 $ 1,830,896 $ 1,828,554 Contributions in relation to the actuarially determined contributions 1,836,262 1,644,823 1,860,998 1,866,983 Contribution deficiency(excess) $ (10,213) $ 53,343 $ (30,102) $ (38,429) Covered employee payroll' $ 8,741,677 $ 8,129,475 $ 8,047,155 $ 7,986,695 Contributions as a percentage of covered employee payroll 21.01% 20.23% 23.13% 23.38% *The covered employee payroll numbers shown are in compliance with GASB 82 Notes to Schedule Valuation date 10/1/2014(AIS 11/23/2015) Notes 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 30 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 the purpose of amortizing UAAL) 0%per year Wage increases(for the purpose of projecting Sponsor Normal Cost in between valuations) 3%per year See notes to required supplementary information 53 CITY OF AVENTURA, FLORIDA SCHEDULE OF CITY'S 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. Additionally, any Member who has reached Normal Retirement is assumed to continue employment for one additional year. 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% 50+ 25% 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. 44% are assumed to be in-the-line-of-duty. Other information: Termination and disability rate table % Becoming Disabled %Terminating Age During the Year During the Year 20 0.14% 10.30% 30 0.18% 4.15% 40 0.30% 0.99% 50 1.00% 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 54 CITY OF AVENTURA, FLORIDA REQUIRED SUPPLEMENTARY INFORMATION SCHEDULE OF FUNDING PROGRESS OTHER POST-EMPLOYMENT BENEFITS Actuarial Unfunded Accrued Actuarial UAAL Actuarial Actuarial Liability Accrued as%of Valuation Value of at Entry Liability Covered Covered Date Assets Age (AAL) (UAAL) Funded Ratio Payroll Payroll 7/1/2017 $ - $ 569,000 $ 569,000 0.0% $ 12,995,000 4.4% 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% See notes to required supplementary information 55 CITY OF AVENTURA, FLORIDA NOTES TO REQUIRED SUPPLEMENTARY INFORMATION 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 $3.8 million 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. NOTE 2 - ACTUARIAL ASSUMPTIONS Police Officers' Retirement Plan Fund - Information as of the latest actuarial valuation date as of October 1, 2016 included no cost of living adjustments and a 2.30% 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, 2016 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. 56 COMBINING AND INDIVIDUAL FUND STATEMENTS co _ & \ - - - - - - - - - - - / ] 'zr z'zr} § Cl) E - - - cq � \ e eNT LO LO LO LO e e CO CO CO co 3 / $ ] � ® / 2 E = 0 $ 2 § 33LL o e e e e LO LO LO LO U) 3 U) U) e e j / � { / \ NT - - - 3 e e e e § kLL 00 00 00 _ « ¥ § 3 ƒ // LU LL ± e e -1 w I LL \ \ / ! 22j C6 co- \ co - z ® ® L \ ± ± Z / / 0>0 2 ® 61) / 69, ° _ > / i / - LL z ± _ \ \ / \ LO LO LO _ co 00 0 3 0 / \ � e e / \ Jcq 0 0 7 j \ / \ - - - - - - - - z / e \ \ \ \ § § \ ) ) / LO CO \ \ \ \ \ § \ = m \ \ \ \ ( ! ) ( o ! < I U) -0 f ] \ } ± ( < _ & I | < 7 c _ \ § ) { , \\k \ \ ) \) \ \ } � \ \\ : Elf , _ ! 2 % ± 22 - -c5 � \ § \ ] - e \ 4E - - - 2 / ) / > - 222 / / § = = = o o ® 5233 3 ƒ m < << / ƒ m U7 00 r m O 00 O U7 m O 00 00 N CT O U7 (T V (T r (h O O O O O O `p C m m V r O 0 (l) O N I� r U7 00 N E E �I N (00 V r O 0) m U ONO ((D LO N N N O000 (NO E a) CO O V1--r V O O N 00 Z W N N N N N -0 N C ' ' ' ' ' N r 0) W O O N (.0 00 U- p 0 _ _ (m0 V O N O O O O O a) a) (`p U- C140 f LO 0000 V V V V N m m 0 U CO m C co I- C-) V V V CO CO U N m m ((D � v w amo amo O o v � o o mm 0 0 0 0 in W W NO° U7 r r r r r r N m L m N Cl) r Cl)' N Cl)' Cl)' U m J U Cl) CO C/5 CO Q W I� O ' ' ' o 0 o Lo Lo r o o m L T NN O 0) 0) (.0 O a) O O O U -0 N ~ N 0 O L6 C\f rn) � Nrn rn rn O (0zCl) CO N o6 COLLJ Cl) ER (A WW C) W Z Q XU m o 00 m m ch o D W Z � ° 0) 0) w w aC14 C14 ro aro 00 aoo 0 cn Q J Wn a°i L6 v `n `n � � � � Lu Q W m m 0 Ln Ln m m o m LL ZmZ � C-) A) Ua Q � z W r) W D Z W � 0� W � � m y LO LO o m m cn 0) o F- Cl) O 0) r O 00 00 00 N U7 Z L Z W Z ° N o O Cl) m rn o o N m W 0 CO O Co U i �I V — l!7 — N °� L! V LLI LL W ZLLI J W W Ef3 K3 O W = O J ' N ' 00 O ' O ' ' N N N C`') V UO U 0 2 Cl) 00 N .� jl V V W ° W O LO � !� Z O rn o za z = W W Ef3 O d3 Z (6 m L� V r r r r CT 0) m 'U C`') Cl) r 00 00 00 00 O 00 O 0 CL O L L N N 0000 0000 N COU O ' N N N ' ' N O O O O ,U 'O 00 N O ONO ONO N N Om0 0 � LLC: U7 L CV N N N N U7 W (� U C N 7 �• � C C E �p C C �, (6 a) >� w w U U > N s 0 N 0 Z Z N C �- > N .Q N C N C m H N U D D LL E ° Q a U a) a x > > Of W U D W O Z W W 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, 2017 Variance with Final Budget Budgeted Amounts Positive Original Final Actual (Negative) Revenues: Fines and forfeitures $ 6,000 $ 6,000 $ 5,080 $ (920) Investment income - - 22 22 Total revenues 6,000 6,000 5,102 (898) Expenditures: Operating 6,000 8,836 2,822 6,014 Total expenditures 6,000 8,836 2,822 6,014 Excess (deficiency)of revenues over expenditures - (2,836) 2,280 5,116 Other financing sources (uses): Appropriated fund balance - 2,836 - (2,836) Total other financing sources (uses) - 2,836 - (2,836) Net change in fund balance $ - $ - $ 2,280 $ 2,280 59 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, 2017 Variance with Final Budget Budgeted Amounts Positive Original Final Actual (Negative) Revenues: Intergovernmental revenues $ 94,000 $ 94,000 $ 96,393 $ 2,393 Investment income - - 354 354 Total revenues 94,000 94,000 96,747 2,747 Expenditures: Operating 94,000 94,000 84,873 9,127 Capital outlay - 14,019 - 14,019 Total expenditures 94,000 108,019 84,873 23,146 Excess (deficiency)of revenues over expenditures - (14,019) 11,874 25,893 Other financing sources (uses): Appropriated fund balance - 14,019 - (14,019) Total other financing sources (uses) - 14,019 - (14,019) Net change in fund balance $ - $ - $ 11,874 $ 11,874 See notes to basic financial statements 60 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, 2017 Variance with Final Budget Budgeted Amounts Positive Original Final Actual (Negative) Revenues: Impact fees 5,000 5,000 145,498 140,498 Total revenues 5,000 5,000 145,498 140,498 Expenditures: Capital outlay 123,680 1,059,583 515,281 544,302 Total expenditures 123,680 1,059,583 515,281 544,302 Excess (deficiency)of revenues over expenditures (118,680) (1,054,583) (369,783) 684,800 Other financing sources (uses): Appropriated fund balance 118,680 1,054,583 - (1,054,583) Total other financing sources (uses) 118,680 1,054,583 - (1,054,583) Net change in fund balance $ - $ - $ (369,783) $ (369,783) 61 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, 2017 Variance with Final Budget Budgeted Amounts Positive Original Final Actual (Negative) Revenues: Investment income $ - $ - $ 268 $ 268 Total revenues - - 268 268 Expenditures: Debt Service: Principal 775,000 775,000 775,000 - Interest 422,175 422,175 422,175 - Total expenditures 1,197,175 1,197,175 1,197,175 - Excess (deficiency)of revenues over expenditures (1,197,175) (1,197,175) (1,196,907) 268 Other financing sources (uses): Transfers in 1,197,175 1,197,080 1,197,080 - Appropriated fund balance - 95 - (95) Total other financing sources (uses) 1,197,175 1,197,175 1,197,080 (95) Net change in fund balance $ - $ - $ 173 $ 173 62 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, 2017 Variance with Final Budget Budgeted Amounts Positive Original Final Actual (Negative) Revenues: Investment income $ - $ - $ 25,412 $ 25,412 Total revenues - - 25,412 25,412 Expenditures: Debt Service: Principal 395,000 395,000 395,000 - Interest 111,384 111,384 111,384 - Total expenditures 506,384 506,384 506,384 - Excess (deficiency)of revenues over expenditures (506,384) (506,384) (480,972) 25,412 Other financing sources (uses): Transfers in 506,384 506,384 506,384 - Total other financing sources (uses) 506,384 506,384 506,384 - Net change in fund balance $ - $ - $ 25,412 $ 25,412 63 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, 2017 Variance with Final Budget Budgeted Amounts Positive Original Final Actual (Negative) Revenues: Investment income $ - $ - $ 13 $ 13 Total revenues - - 13 13 Expenditures: Debt Service: Principal 321,368 321,368 321,368 - Interest 75,674 75,674 75,673 1 Trustee fees and other 7,500 7,500 - 7,500 Total expenditures 404,542 404,542 397,041 7,501 Excess (deficiency)of revenues over expenditures (404,542) (404,542) (397,028) 7,514 Other financing sources (uses): Transfers in 404,542 397,038 397,038 - Appropriated fund balance - 7,504 - (7,504) Total other financing sources (uses) 404,542 404,542 397,038 (7,504) Net change in fund balance $ - $ - $ 10 $ 10 64 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, 2017 Variance with Final Budget Budgeted Amounts Positive Original Final Actual .(Negative) Revenues: Investment income $ - $ - $ 1,111 $ 1,111 Total revenues - - 1,111 1,111 Expenditures: Debt Service: Principal 358,632 358,632 358,632 - Interest 84,448 84,448 84,447 1 Trustee fees and other 3,500 3,500 - 3,500 Total expenditures 446,580 446,580 443,079 3,501 Excess (deficiency)of revenues over expenditures (446,580) (446,580) (441,968) 4,612 Other financing sources (uses): Transfers in 446,580 446,580 444,000 (2,580) Total other financing sources (uses) 446,580 446,580 444,000 (2,580) Net change in fund balance $ - $ - $ 2,032 $ 2,032 65 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 Paqe Financial Trends 66-72 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 73-77 These schedules contain information to help the reader assess the City's most significant local revenue source, the property tax. Debt Capacity 78-81 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 82-83 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 84-86 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. Sources: Unless otherwise noted, the information in these schedules is derived from the comprehensive annual financial reports for the relevant years. O N I— O) oO O oO oO N I— r- O oO O) V LO O) LO O co O) oO O) N O) (O M O) V O) (O O) r CO V I-. W V N (O V O) In I— co V O (O I— V co LO W 0 (O O d) V d) M Ci 0 N N O) m 0 V co O) oO LO r V Efl Efl Efl Efl Efl Efl O CO CO co O) (O oO oO I-- LO co co M CO O V CO V O V (O O In CO (O N m LO V N (O I— CO I— mr V O (O I— co m I- 0 O) oO Lo co oO N O oO rl V N co M (O N d) Cr0 co M O I� W CO ( W W co co I� O In V N oO M V Il VZ. IlCO LolI� d) co r- V N m V N 0 N N W W � Ln M V N V N N co co co O (O N O) LO CO O (O M V N In O CO LO CO O O r-- C14 N V I� N V V N m V Ln V M CO r— Ln Ln O d) W COCo V N (O oO co co co N r- N co co In co CO r-. 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O 0 E d O O) C w H E a = to d c U w d H > H H O7 d H co E N > a) E X < IL o_ d d w 0) aa)) c E N a) E a) LT > Q E a) E aa)) Q N C C O C a) a) C X > .N a) (D 'y C C m > y a) O a) L - C O � C7m cU m CC (9 Z (7 0 CITY OF AVENTURA GOVERNMENTAL ACTIVITIES TAX REVENUES BY SOURCE LAST TEN FISCAL YEARS (ACCRUAL BASIS OF ACCOUNTING) Tax Fiscal Roll Ad Valorem Utility Franchise Year Year Taxes Taxes Fees Total 2008 2007 $ 15,942,020 $ 6,741,903 $ 4,270,671 $ 26,954,594 2009 2008 15,189,005 7,451,903 3,644,177 26,285,085 2010 2009 13,253,848 7,362,899 3,686,885 24,303,632 2011 2010 11,734,232 7,379,830 2,684,216 21,798,278 2012 2011 11,724,189 7,772,000 3,070,065 22,566,254 2013 2012 12,080,224 7,551,899 2,823,490 22,455,613 2014 2013 12,791,444 7,933,535 2,289,721 23,014,700 2015 2014 13,977,630 7,872,483 2,294,667 24,144,780 2016 2015 15,008,844 7,720,496 2,364,853 25,094,193 2017 2016 16,349,089 7,655,803 1,979,437 25,984,329 69 \�\ \ LO \co Im�Iq\ \ \\ \ LO OD\� LO \ 0) OD CD CO\01�Iq\ \ Im CO Im co U) \ co 0 - - - - - - - - LO § z J ) Ci 2 ( _ } { ° ) - - - - - . . . - - - - ly / qLL / { / _ y - - - _ a - - A\ \ \ ' ' OD " LO OD womm \ zoE - - - - - - - - - LL > § 3k 0 _OD OD w - - « e �U) _ _ 61) LL LLI b § 2 § . . . . . . 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(X, V V V V 00 00 00 (fl H (fl r- r- r- r- ER E O 0 00 N 0 V V O V 0 N O V m 00 N V m r- 00 N O 00 N N V (U 00 O o N N (h V V 1 00 (6 X d N I- 000 � � O � > H 0 0 n - - N N (h Lf) (U Q (6 00 O N (h V Ln (O U N 00 } 0000000000 O O O O O O O O O O V O (h a0 O LO N O LC) LC) CO V (D p) O CO CO Cl) I- O (h Ln ((6NI V (O O O O 00 (D N N U) C U 7 00 00 00 0) 00 00 00 00 00 00 U U Q ; Q ; CITY OF AVENTURA, FLORIDA PROPERTY TAX RATES DIRECT AND OVERLAPPING GOVERNMENTS (PER$ 1,000 OF TAXABLE VALUE) LAST TEN FISCAL YEARS 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 2008 2007 1.7261 0.0000 1.7261 7.5700 0.3780 7.9480 0.5346 0.0894 0.0000 2009 2008 1.7261 0.0000 1.7261 7.5330 0.2640 7.7970 0.5346 0.0894 0.0000 2010 2009 1.7261 0.0000 1.7261 7.6980 0.2970 7.9950 0.5346 0.0894 0.0000 2011 2010 1.7261 0.0000 1.7261 7.8640 0.3850 8.2490 0.5346 0.0894 0.0000 2012 2011 1.7261 0.0000 1.7261 7.7650 0.2400 8.0050 0.3739 0.0624 0.0000 2013 2012 1.7261 0.0000 1.7261 7.7650 0.2330 7.9980 0.3676 0.0613 0.0000 2014 2013 1.7261 0.0000 1.7261 7.6440 0.3330 7.9770 0.3523 0.0587 0.0000 2015 2014 1.7261 0.0000 1.7261 7.7750 0.1990 7.9740 0.1577 0.0548 0.1717 2016 2015 1.7261 0.0000 1.7261 7.4130 0.1990 7.6120 0.1459 0.0506 0.1586 2017 2016 1.7261 0.0000 1.7261 7.1380 0.1840 7.3220 0.1359 0.0471 0.1477 Source:Miami-Dade County Appraisers Office. 74 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 0.0345 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 0.0320 0.3627 4.6669 0.4000 2.4207 0.0075 0.2840 7.7791 0.5000 17.6899 75 (n o00 0 0 00 0 (n (� Ln CO CO O Q Cl) L C Q CO Q In V N O O X (1) M 00 LO 00 00 Z CO Z CO V Z LO LO V i ~ N > co O O O O O O O O a) Q Mf CO O V M Lo ' CO 0) ' I- c0 O N O O 0) O ' Cl) ' O N ' O co O I� O Cl) N O V O O LO O CO O N CO O cc O O V O N (1) O CO O O O O W CO W O 01) O O O CO LO O LO O 00 Cl) V O V (u N 0 — Ln " Ln CO — I� W O O x O O O O 0 m N LO 0) M N N 00 (XO N > r W W CO LO V LO LO V 01) Q Cl) 0) (0 } fH fH (0 U N a) _0 0) -O a) 0 0 0 0 0 0 0 0 0 0 a) \ \ \ \ \ \ \ \ \ \ (B N o 0 0 0 0 0 0 0 0 0 O V c0 O O O CO Ln N Q Q Q U a) (B 00 Cl) 00 CO LO V VT V V Z Z Z 4) M Q > V — O O 0 0 0 0 0 0 a_ rO r1 Q Y 0 LU (/) M — N M V Lo 0 I- M O ' N Q LL LU O O O w O O 1� 0 LO 0 0) (D O (D O LO CO N M NLO ( In ~ w (1) Q Z_ U N j V CO cc I� cc 0) — 0) 0) CO N Q/ Z � 70 I- I- N I- O 00 00 LO T Lf� M N W CO V V V V V V O H Luo ~ Q _ \ ry Ef3 Ef3 Q Q LL J LU O H U LZ LL U Z ry d o - 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Co 0 a k (n \ / t \ 3 \ ® ® 5 ° ( J \ o)7 7 / .. a) / a / \ m g ƒj j / \ \ / F-- CO ƒ\ \ � \ \ � \ © 0 CN CN CN CN co CL 04 2 j \ E 7 \ \ \ \ \ 0 \ \ \ - J \ co co _ \ -0 / jCN w LO k -000 w a) \ § \ ® \ j \ ) \ \ ) / ± CN CN ) \ i co co c ) * 2 E - } < w e e a 0 / @m // = ) = 2 ± E _ w < z r � / \ ( < / / 2 2 . _ 00 < \ —J C11 C11 CN\ \ \� � \\ § < | ! 2 \ _ co aL. co co o 00 01000 0 1.0E -.7- � 00 \ /\ m ® * fa : e §! e & & , .\ \ \ \ \ }\ 2S ! qS/ § 0 co co 41 \ ! ? 2 [ ! ® ® 25 \ ) moo Ew co r > 2 \ / IM a) IM ® ® Em CL j& & CL CL CL CL 0 kCL \ � \ 7 CITY OF AVENTURA, FLORIDA DEMOGRAPHIC AND ECONOMIC STATISTICS LAST TEN FISCAL YEARS Personal Income Per Capita (Amounts Personal Unemployment Fiscal Population Expressed in Income Rate Year (1) Thousands) 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 6.6% 2013 37,725 1,516,696 40,204 6.1% 2014 37,262 1,560,644 41,883 5.5% 2015 37,473 5.6% 2016 37,611 5.3% 2017 37,694 4.8% Data sources: (1) Years are as of April 1 of each year per the University of Florida Bureau of Economic and 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. 82 CITY OF AVENTURA, FLORIDA OCCUPATIONAL EMPLOYMENT BY GROUP - MIAMI-DADE COUNTY, FLORIDA CURRENT YEAR AND NINE YEARS AGO Fiscal Year 2017 2008 Percentage Percentage of Total of Total Occupational Groups Employees Rank Employment Employees Rank Employment Office and administrative support 209,320 1 18.59% 211,390 1 20.53% Sales and related 148,800 2 13.22% 137,040 2 13.31% Food preparation and serving related 108,040 3 9.60% 79,100 3 7.68% Transportation and material moving 90,730 4 8.06% 75,390 4 7.32% Healthcare practitioners and technical 69,440 5 6.17% 53,230 7 5.17% Business and financial operations 61,800 6 5.49% 55,760 5 5.42% Education,training and library 54,460 7 4.84% 53,640 6 5.21% Installation, maintenance and repair 43,280 8 3.84% 39,960 11 3.88% Production 42,140 9 3.74% 43,940 8 4.27% Protective service 42,100 10 3.74% 40,080 10 3.89% Building and grounds cleaning and maintenance 39,890 11 3.54% 34,020 12 3.30% Management 39,370 12 3.50% 30,250 13 2.94% Construction and extraction 33,560 13 2.98% 42,440 9 4.12% Personal care and service 30,190 14 2.68% 29,290 14 2.84% Healthcare support 29,910 15 2.66% 26,170 15 2.54% Computer and mathematical 22,090 16 1.96% 15,360 17 1.49% Legal 16,930 17 1.50% 12,670 19 1.23% Arts,design,entertainment,sports and media 15,580 18 1.38% 16,500 16 1.60% Community and social service 11,610 19 1.03% 12,050 20 1.17% Architecture and engineering 10,620 20 0.94% 12,670 18 1.23% Life, physical and social science 3,810 21 0.34% 5,400 21 0.52% Farming,fishing and forestry 2,050 22 0.18% 3,250 22 0.32% Total 1,125,720 100.00% 1,029,600 100.00% 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 2016. Estimates do not include self-employed workers. 83 ,C,-41 l N N 11, O 0 CO I- 04 00 Cl) r CO N r 0 I N 0000 M r CD N r ZN co 00 ,t 00 Lo 0 r N 00 M r CO r (n � C",4)1 U U Z N co I-- � oo Z) r l N 00 CO r CO T N r a m E N c� 00 co oo -,too r E r 00 CO r CO O LU LU N r �= Q N m CO 00 'It ' 00 N Q a r 00 Co r CO N N r 0 W Q o LU I M CO I-- LO ' 00 N U LL Z } r r 00 CO r CO 2, r r (n J N Q O Cn O N 0000 Cl) 00 CD CL 00 W > N r co 0 Z Q LU a m O I-- CO ' M r SOI r 00 M r CO U r � 0 U J N n Cl) o Lo Cfl rn co vi m. V Z OC)O N 00 CO r CO C CO LU J C) r N r Q E N > CO r Q- L O W U O LU 0o H o Coo J 0 a > J 'C N Q Q LL o v C co O Cl) O Co O C CO CO (n L .� 7 �i 7 0 O N U Zi E •U E (n E � E (� U N O :3 O U U a_ U LL N CO M CO N O r— O 00 ch r— N O m ch "T 00 NT 0 O LO LO ch m (b ch N �I O N CO CO N = LO N = "T O LO LO O p N = C6 L N Ni N O) Ni N (h r— N CO O CO CO CO O LO O LO N LO ch O CN O O) CO r— LO LO O N ch O N N OI LO Lo CO 0 O M O = CO = CO N O p N = O) L N Ni C\ N = L6 Ni N (h r— N CO LO LO CO "T N 00 (9 "T O 00 N O �I r— O O) "T LO ch "T O O "T 00 N N r— O N 00 = CO Lf) = LO = CO O O p N = L = (fl N L6 C\ N = N O N (h r— N O r— O 00 N "T "T 00 O ch LO LO ch 00 ch O m 00 co "T ch ch 00 N "T O �I N O O CO N "T = CO = r— O O p N = 00 00 N Lf) O N = = O) N N (h r— N ch LO O r— ch (9 "T r— CN 00 00 (9 co Lf) = "T "T CN "T LO CO 00 00 r— m Ohl ch O O 00 O M = r— O CO M p N N (fl = O) N Lf) (b N = Ni z N N N N O 0000 r— O (9 N LO ch LO O r— LO "T U O Lo O N r— O0 Cl) 00 O LO "T 00 z N N N � C\!= = O 0) = LO 0) (D (A co � p N N 00 N N = "T r— N N = - 0 LL N N a LLm > O r— "T (D O r— LO ch ch O N O LO N (6 Q (n J O � 00r— co OOuo � 3- 3- (n a �I � 00 "T "T "T M = r— N 00 Cl) 0) co O U N N N O) N O Ni � N co N C 2 LO Z U Nco 00 W Z ch chvLOm0o Ochvv 00I— chN > p W O rn0 r— 0r— co0co00 m r— m Q Z N 00 (h 00 O) 00 N O N O (6 W — p N N N ch m Ni (fl N N = - O U) N N _ Za _ _ _ J o N 00 (9 O) O L07 N 00 LO O a O 00 N Ich� N (9 O (ri V � O (h (h O 0 O O m O O � a0 S O N N O N W OI N N O ch N ch (fl N ch O (n W N N (h N O N O o X ch LO r— O) r— N LO 00 LO O N co O (ll co 00 "T 00 00 0 r— "T NT O O (n 001 chNOONO CO CO N M M CD C) N N (fl � ch N O) N N O) 'O N ch N00 U_ (ll N O O N C L O (6 (6 0 _ (6 > -O (n fZ U Co m N N C _ fZ (ll 7 (n L N N C U (n (n i 7 in ' N � Co CO -0 N C U * C.. N Q -0U (ll >, -6 O CO .� N (6 E Z) N Q— E C: C O .N 0 .N co O .O x (ll (ll N C C U O (n > (6 U (6 (ll N N U C N O � N N O2 N N N U O (n 0 (� z (0 .0 N (n fZ.� .V C N O > � U O � U U t� O C p) p) O .N -a= (ll N Cn (6 +U+ U C '� (ll C C C CC (6 N N U .— .— 'O U N (6 O (6 (6 (6 U 7 7 0 N O-L L U -0 Q H U Q Eo m m U U Eo Of (n (n U LL � N I— O N (`') (`') r— O O O Cl) 00 r— N O) () O (h N N 0 O N M M "T O LO L() N 00 O O 00 () O (h N N (0 O N (`') (`') O O L() ' L() O 00 Ln O 00 (h O (h N N (0 O N (`') (`') O O L() ' L() O 00 O 00 (h O (h N N (0 O N (`') (`') N O L() ' LO 00 z (h O (h 0 C) (h N U Q z D D N (0 O N (h (h C\l C) L() ' 0 Q C ) Om J m W N LL U Q N (O O N (h N N O L() ' (p U LO 00 00 �= U Om W N > U) W Q P LL W N (0 O N (`') N � C) L() Cp f 0 U) (n O p CU) 'O ag o CY, N LL � a W N (O ON (h N C\l O Lr) ' U Q 00 O) 6ON N U C) (h Co N N p a) i co N (0 O N CY) N � O LO ' c 00 00 ' U O O � -0 Co (6 Cl) N CO � O NO O _0 C C � i O C N Co N (6 N ON a) (6 C U C O N O N (0 NN o _ a) O O U (6 -p Z N C m Co -6 N m 00 7 o O O m — U Z CoCo � NN N _Q i � n N N N O N U U N 00 :0:1 ±f0 2 N O O is ca ami v .E E co (n Co o) N -0 -0 N U C E U N N N (6 U m co H U coCo 0- U D U H LL COMPLIANCE SECTION CABALLERO HERMAN LLERENA GARCIA LLP HIM accountants I advisors 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 Honorable Mayor and Members of the City Commission City of Aventura, Florida We have audited, in accordance with the 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, the 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, 2017, and the related notes to the financial statements, which collectively comprise the City's basic financial statements, and have issued our report thereon dated February 28, 2018. Our report includes a reference to other auditors who audited the City of Aventura Police Officers' Retirement Plan 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. 87 4649 Ponce de Leon Blvd I Suite 4041 Coral Gables,FL 33146 T.305.662.7272 F:305.662.4266 1 CFLGCPA.COM 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. ca�6al��wo «�,-ewa f Ow-,a, «Y Caballero Fierman Llerena+ Garcia, LLP Coral Gables, Florida February 28, 2018 88 4649 Ponce de Leon Blvd I Suite 4041 Coral Gables,FL 33146 T.305.662.7272 F:305.662.4266 1 CFLGCPA.COM MNCABALLERO HERMAN LLERENA GARCIA LLP ©11 accountants I advisors 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, 2017, and have issued our report thereon dated February 28, 2018. 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 Reporting Requirements 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, AT-C Section 315, regarding compliance requirements in accordance with Chapter 10.550, Rules of the Auditor General. Disclosures in those reports,which are dated February 28,2018,should be considered in conjunction with this management letter. Prior Audit Findings Section 10.554(1)(i)l., 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 financial audit report. There were no findings or recommendations made in the preceding 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 and Management Sections 10.554(1)(i)5.a. and 10.556(7), Rules of the Auditor General, require us to apply appropriate procedures and communicate 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 to identify 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 for the City. 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. Section 10.554(1)(i)2., Rules of the Auditor General, requires that we communicate any recommendations to improve financial management. In connection with our audit,we did not have any such recommendations 89 4649 Ponce de Leon Blvd I Suite 4041 Coral Gables,FL 33146 T.305.662.7272 F:305.662.4266 1 CFLGCPA.COM Annual Financial Report Section 10.554(1)(i)5.b. and 10.556(7), Rules of the Auditor General, require us to apply appropriate procedures and communicate the results of our determination as to whether the annual financial report for the City for the fiscal year ended September 30, 2017, 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, 2017. In connection with our audit,we determined that these two reports were in agreement. Additional Matters Section 10.554(1)(i)3., Rules of the Auditor General, requires us to communicate 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. ca�6al��wo «�-ewa f Ow-,a, «Y Caballero Fierman Llerena+ Garcia, LLP Coral Gables, Florida February 28, 2018 90 4649 Ponce de Leon Blvd I Suite 4041 Coral Gables,FL 33146 T.305.662.7272 F:305.662.4266 1 CFLGCPA.COM MNCABALLERO HERMAN LLERENA GARCIA LLP ©11 accountants I advisors 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 period of October 1, 2016 to September 30, 2017. Management of the City is responsible for the City's compliance with the specified requirements. Our responsibility is to express an opinion on the City's compliance with the specified requirements based on our examination. Our examination was conducted in accordance with attestation standards established by the American Institute of Certified Public Accountants. Those standards require that we plan and perform the examination to obtain reasonable assurance about whether the City complied, in all material respects,with the specified requirements referenced above. An examination involves performing procedures to obtain evidence about whether the City complied with the specified requirements. The nature, timing, and extent of the procedures selected depend on our judgment, including an assessment of the risks of material noncompliance, whether due to fraud or error. We believe that the evidence we obtained is sufficient and appropriate to provide 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 requirements of Section 218.415 Florida Statutes during the period of October 1, 2016 to September 30, 2017. This report is intended solely for the information and use of management, members of the City Commission, others within the City and the Auditor General of the State of Florida and is not intended to be and should not be used by anyone other than these specified parties. ca�6al��wo «�,-ewa f Ow-,a, «Y Caballero Fierman Llerena+ Garcia, LLP Coral Gables, Florida February 28, 2018 91 4649 Ponce de Leon Blvd I Suite 4041 Coral Gables,FL 33146 T.305.662.7272 F:305.662.4266 1 CFLGCPA.COM rl` m M0001% r.onow 14 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: Susan L. Grant City Manager BY: Joanne Carr, AICP Community Development Director DATE: February 2, 2018 SUBJECT: Application to Amend the Official Zoning Map of the City of Aventura by amending the zoning designation for a 2.0 acre vacant site on the north side of NE 213 Street, with municipal address 3151 NE 213 Street, from MO, Medical Office District, to CF, Community Facilities District (01-REZ-18) February 6, 2018 Local Planning Agency Agenda Item 4_ February 6, 2018 City Commission Meeting Agenda Item March 6, 2018 City Commission Meeting Agenda Item (D RECOMMENDATION It is recommended that the City Commission approve an amendment of the Official Zoning Map of the City of Aventura by amending the zoning designation of a 2.0 acre parcel of land described in the Sketch of Description attached to this staff report from MO, Medical Office District to CF, Community Facilities District, to facilitate construction of the Aventura Charter High School. THE REQUEST The applicant, City of Aventura, is requesting an amendment of the Official Zoning Map of the City of Aventura by amending the zoning designation for a 2 acre parcel on the north side of NE 213 Street, as described in the Sketch of Description attached to this staff report, from MO, Medical Office District to CF, Community Facilities District. BACKGROUND OWNER OF PROPERTY: City of Aventura NAME OF APPLICANT City of Aventura LOCATION OF PROPERTY 3151 NE 213 Street See Exhibit #1 for Location Map SIZE OF PROPERTY 2.0 acres The City has recently purchased the 2.0 acre vacant site on the north side of NE 213 Street shown in the attached sketch. A copy of the deed from Gulfstream Park Racing Association Inc. to the City of Aventura is attached as Exhibit #2. The Aventura Charter High School is planned on this site, which is currently zoned MO, Medical Office District. In order to facilitate construction of the high school, a rezoning from MO, Medical Office District, to CF, Community Facilities District is in order. Schools are a permitted use in this CF zoning district. ANALYSIS Future Land Use Designation Subject Property: Business and Office Properties to the North: MO, Medical Office District Properties to the South: Medium-High Density Residential Properties to the East: Parks and Recreation Properties to the West: Business and Office Zoning Subject Property: MO, Medical Office District Properties to the North: MO, Medical Office District Properties to the South: RS2, Single Family Residential District Properties to the East: ROS, Recreation Open Space District Properties to the West: MO, Medical Office District Existing Land Use Subject property: vacant land Properties to the North: vacant land Properties to the South: single family residences Properties to the East: Waterways Park Properties to the West: vacant land 2 Access — The parcel is currently vacant. The site development plan proposes access from NE 213 Street. Standards for reviewing proposed amendments to the Official Zoning Map found in Section 31-77 of the Land Development Regulations: 1. Whether or not the proposed amendment is consistent with goals, objectives and policies of the City's Comprehensive Plan. The proposed amendment will be consistent with goals, objectives and policies of the City's Comprehensive Plan. The existing future land use designation for this parcel is Business and Office. The Community Facilities District zoning category may be applied to land designated as Business and Office on the City's Future Land Use Map. 2. Whether or not the proposed zoning district is compatible with the surrounding area's zoning designation(s) and existing uses. The proposed zoning district is compatible with the surrounding area's zoning designation(s) and existing uses. The property adjacent to the east is zoned ROS, Recreation Open Space District. The property adjacent to the west and to the north are zoned MO, Medical Office District. The property to the south is zoned RS2, Single Family Residential District. The Community Facilities District will facilitate construction of the Aventura Charter High School. 3. Whether or not the subject property is physically suitable for the uses permitted in the proposed district. The subject property is physically suitable for the uses permitted in the proposed district. 4. Whether or not there are sites available in other areas currently zoned for such use. There are no sites available in other areas currently zoned for this use. 5. If applicable, whether or not the proposed change will contribute to redevelopment of an area in accordance with an approved redevelopment plan. This standard is not applicable to this proposed amendment. 6. Whether or not the proposed change would adversely affect traffic patterns or congestion. The proposed use will be designed so that it does not adversely affect traffic patterns or congestion as a result of this rezoning application. A traffic study is currently underway by the City's Traffic Engineering Consultant to ensure that 3 proper traffic related standards are met prior to development. 7. Whether or not the proposed change would adversely impact population density such that the demand for water, sewers, streets, recreational areas and facilities, and other public facilities and services would be adversely affected. The proposed change will not adversely affect population density such that the demand for water, sewers, streets, and other public facilities and services would be adversely affected because the application proposes no increase in population. 8. Whether or not the proposed change would have an adverse environmental impact on the vicinity. The proposed change will not have an adverse environmental impact on the vicinity. 9. Whether or not the proposed change would adversely affect the health, safety, and welfare of the neighborhood or the City as a whole. The proposed change will not adversely affect the health, safety, and welfare of the neighborhood or the City as a whole. The proposed high school will be a benefit to the community. 4 `STONER&ASSOCIATES, INC. 4341 S.W. 62nd AVE. 7 SURVEYORS-MAPPERS Ronde Licensed Ste, Tel. (954) 585-0997 Davie, Florida 33314 and Mapping Busams,No.6633 Fax (954) 585-3927 SKETCH OF DESCRIPTION TWO ACRE AVENTURA PARCEL BEING A PORTION OF TRACTA OF DONN ACRES SECTION 34-51-42 (PB, 76,PG.30,M.D.GR) CITY OF AVENTURA,MWAI-DADE COUNTY,FLORIDA BLOCK 9 AN AMHEHDEI: PLAT OF HALiAeVn ALE TARE N9. 12 NORTH Le1E FARCE, i NMnow34 iY iEAA0 i FLUION [R.I TMLip GLUNREAH PARK xIrz SECroNA v, P.e. IP B. x. PG. I9--0], 0 C R.I 9013ro142W Bll m_'___N______ P.O.C. I _ _ _—_ - NORTSTINEJ I x42 ADRE.CIna SECTION I T0.0CTA y91�]AxDN E.WRxERTVSf O. ,A DONN ACRES,P B.MPG]O MOOR 2 I @ 1 1 in REMAINDER OifCRES:T A aI IPS. P. 0. .. 4 P,O.B. I I e° Ia N.88°01'22"E. 196.67' I °x ax ii 2 zK I , 1,---1 i °e - BA 4 I $ g _ I N� A PORTION OF TRACT A N gP oarI OOHN`ACRES e u ,. Iva .n1 111 Oy^y wan I 87,120 SOFT± o T, 7--ou I ^ P 200 ACRESN _ NIoN e ,,,N,,PSEOOPT LEGEND', PG ifl MM rteN 1 O.R.B. OFFICIAL RECORDS BOOK P.B. PLAT BOOK PG. PAGE M.D,CR, MIAMI-DADE COUNTY RECORDS B.C.R. BROWARD COUNTY RECORDS P.O.C. POINT OF COMMENCEMENT P.O.B. POINT OF BEGINNING Q CENTERLINE - Lu" I'R""...."`I'' - - SO.FT. SQUARE FEET PG"",. - - - - -S.1313"01'22°W. 196.67' — --"Ir-- BREAK IN SCALE N.E. 213th STREET L-N WW LINE SCALE:1"=1 W' RIGHT-OF-WAY CAMEO TO THE CITY OF A BO RIGHTOFMAYAY PER PAMPA UNE - P.0.199PG PGHAStuoLP MI NOTE: D 29 zw l` SEE SHEET I OF 2 FOR THE LEGAL GRAPHIC SCALE DESCRIPTION OF THE PROPERTY SHOWN GRAPHICALLY HEREON. SKETCH NO. RE:F:' .. \I2-m51-OIM1Inm Poe**RCM BOmx\SgJM SWM\20 ACKPAROitp SHEET 2 OF 2 12-7354 2.0 ACRE BSD�AR�C�IINTY L: . •- 4�11T}'■711T 7'Yf711TiTJinn • Mil DADE COUNTY _ •JCS TCLUBD w•Ry7'. Guf venm � yq HT CLUB DR. 15 0 Park Subject Site MARINA Al rnnaa nnnrn.m T, rid COVE Hnspiral ,�� WAY v CIRCLE • • &Medea/ m � I WAV C©� �41 LMA INER :• Wenenvays r • Ell U 1 - - ✓ 0 WATERWAYS Rlvn 11 SMPpes 207 ST Is w W • a < COUNTRY CLUB DR. • • The N 205 ` M • • Promenade V • shop, O • • IVES DAIRY RD. 1. 203 ST. O^ ClF<Dj jN • rq • vC. • J 0 . 201 TER. • 0 7urnberry ht • m `" m Resort A Club AVENTURA 01-ND • • >- •c FireC n Rescue Aventura pm, '1 }Li'l• .station Library z 3 0 " B a- Q • • #^ 2 m� • a Avenmra Mall «. ,. R.2 • a 5 YAOHT D ,, \City of Aventura LDB ti : 192 ST Government Center IAM • ,• �■ WILL LEHMP •Q : 192 ST. 191 SL ��J• QO W :; 1905T • MYSTIC • x Loehmanns i O Fashion ui -I • Island 1 _ • N 188 ST. • MIAMI a 187 ST J 33180 • GARDENS DR. !• I 8 s 1; T � 336x• i IS N Du;foundling �i Ba 11 ti tea; . 841,7•• `. Little m y3 Soup do Mawr • S ur 180 ST. Lake w N • • .. y Point O i9 •• 1 • y PP 8 -• u,..„ ; lam '• • T P m • 0 o Maide •PLEGEND U I " • tkr"' . ' Roadways f , . • City Boundary — 1 v •—•— ZIP Code Boundary • •t Railroad i tJ • s _ x _ r I t Exhibit #1 01-REZ-18 1/3/2018 Miami-Dade Official Records-Print Document CEN:20180001201 BOOK 30812 PAGE 2049 DATE:01/02/2018 11:24:53 AM DEED DOC 19,410.00 SURTAX 14,55750 THIS INSTRUMENT PREPARED BY HARVEY RUVIN,CLERK OF COURT.MIA-DADE CTY RECORD AND REMIGI T0: Lillian M.mange Esq. Weiss Serola Hoffman Cole @ Bierman,P.L. 2525 Ponce de Leon Blvd.,Suite 700 Coral Gables,Florida 33134 Tax Folio Number:M28-1234-019-0011 f a radian thereon SPECIAL WARRANTY DEED ��11 THIS SPECIAL WARRANTY DEED is made and executed this ori day of December, 2017, by GULFSTREAM PARK RACING ASSOCIATION, INC., a Florida corporation,as successor by merger to Gulfstream Realty Corporation,a Florida corporation(the "Grantor"), whose mailing address is 901 South Federal Highway,Hallandale,Florida 33009,to CITY OF AVENTURA, a Florida municipal corporation (the "Grantee"), whose mailing address is 19200 West Country Club Drive, Aventura,Florida 33180. WITNESSETH: That Grantor, for and in consideration of the sum of Ten and No/100 Dollars ($10.00) and other good and valuable consideration, the receipt whereof is hereby acknowledged, does hereby grant, bargain, sell, alien, remise, release, convey and confirm unto Grantee the real property (the "Property") located in Miami-Dade County, Florida, and more particularly described as: SEE EXHIBIT"A"ATTACHED HERETO. SUBJECT TO: 1. All restrictions, reservations, easements, covenants, agreements, limitations and other matters appearing of record, provided the foregoing shall not act to reimpose same; 2. The lien of all ad valorem real estate taxes and assessments subsequent to the date hereof and subsequent years; 3. All laws, ordinances, and governmental regulations, including, but not limited to, all applicable building, zoning, land use and environmental ordinances and regulations;and TOGETHER with all the tenements, hereditaments and appurtenances belonging or in any way appertaining to the Property. TO HAVE AND TO HOLD the same in fee simple forever. Exhibit #2 01-REZ-18 bttes://w.wv2.miamiEadeclerk.com/officialrecords/PrintDocumentasox2OSeYaoldOzxMR54F6CaUL,2fGCB9bmvvT2OITnieL hBTvHlkbOSeRl(Asian! 13 1/3/2018 Miami-Dade Official Records-Print Document CEN:20180001201 BOOK 30812 PAGE 2050 AND GRANTOR hereby covenants with Grantee that Grantor is lawfully seized of the Property in fee simple; that Grantor has good right and lawful authority to sell and convey the Property; and that Grantor does hereby specially warrant the title to the Property and will defend the same against the lawful claims of all persons claiming by,through or under Grantor. IN WITNESS WHEREOF, Grantor has caused this Special Warranty Deed to be . executed as of the day and year first written above. WITNESSES: GRANTOR: .010 GULFSTREAM PARK RACING ASSOCIATION,INC.,a Florida corporation, a Florida corporation,as successor by merger to . Gulfstream Realty Corporation,a Florida Print Name: �� -14,01.13.--S-64-11e(Jcorporation L12u✓IN1 VI By: / Print Name:�Ah 11QtLU(Qnf IOnil nal Name: E „,i Title: `-,,¢c.-tap. tie FiraAe.bLf- STATE OF FLORIDA ) COUNTY OF fi-E/4BE ) The foregoing instrument was sworn and subscribed before me this ,Z day of December, 2017, by k 1 L E CASE" , as D1pFGTOR aF IINiiNV of GULFSTREAM PARK RACING ASSOCIATION, INC., a Florida corporation, as successor by merger to Gulfstr Realty Corporation, a Florida corporation, on behalf of the corporation, who (check one) [Vis personally known to me or [ ] has produced a valid Florida driver's license as identification, [SEAL] l\ AmmLEYo ANDUJAR Nolary l'uAe (0:744%s( rte, , n2ff902.be� Print Name: }(�� flNDlf,�]Z . •e Mr comml••10^a'o"•' Commission Eacpires: l 2 q `sb,tu, July 26, 4019 . t rF q0 SRY' Commission No.: 2 haps/www2.miami-dadeclerk.corn/oFaalrecords/PnntDocumentasoa9QS=YeoUfOzerv2R54F6CoLleafGCB9bmwTzPfTnabBTVHIkbQSeRLO654o1... 213 1/3/2018 Miami-Dade Official Records-Print Document CFN:20180001201 BOOK 30812 PAGE 2051 EXHIBIT"A" LEGAL DESCRIPTION OF PROPERTY A PARCEL OF LAND BEING A PORTION OF TRACT A, DONN ACRES ALSO BEING A PORTION OF THE NORTH ONE-HALF(N. 1/2) OF SECTION 34,TOWNSHIP 51 SOUTH, RANGE 42 EAST, ACCORDING TO THE PLAT THEREOF RECORDED IN PLAT BOOK 76, PAGE 30, OF THE PUBLIC RECORDS OF MIAMI-DADE COUNTY, FLORIDA,SAID PARCEL BEING MORE PARTICULARLY DESCRIBED AS FOLLOWS: COMMENCE AT THE NORTHEAST CORNER OF THE NORTH ONE-HALF(N. 1/2)OF SAID SECTION 34, SAID POINT ALSO BEING THE NORTHEAST CORNER OF TRACT B OF SAID DONN ACRES; THENCE S.88°0122'W,ALONG THE NORTH LINE OF SAID NORTH ONE-HALF(N 1/2), THE NORTH LINE OF SAID TRACTS A AND B,A DISTANCE OF 911.50 FEET; THENCE S.01°52'05"E.A DISTANCE OF 186.43 FEET TO A POINT ON THE WEST LINE OF THAT CERTAIN PARCEL OF LAND(CITY PARK), DESCRIBED IN OFFICIAL RECORDS BOOK 25122, PAGE 4596 OF SAID PUBLIC RECORDS AND TO THE POINT OF BEGINNING OF THE HEREIN DESCRIBED PARCEL OF LAND; THENCE CONTINUE S.01"52'05"E.,ALONG SAID WEST LINE,A DISTANCE OF 442.98 FEET TO A POINT ON THE NORTH RIGHT-OF-WAY LINE OF N.E.213TH STREET,AS DESCRIBED IN OFFICIAL RECORDS BOOK 17973, PAGE 3869,OF SAID PUBLIC RECORDS; THENCE S.88°01'22'W.ALONG THE SAID NORTH RIGHT-OF-WAY LINE, A DISTANCE OF 196.67 FEET; THENCE N.01°52'05"W.,A DISTANCE OF 442.98 FEET; THENCE N.88°01'22"E., A DISTANCE OF 196.67 FEET TO THE POINT OF BEGINNING. SAID LANDS SITUATE WITHIN THE CITY OF AVENTURA, MIAMI-DADE COUNTY, FLORIDA, CONTAINING 2.0 ACRES, (87,120 SQUARE FEET)MORE OR LESS. 3 httos://www2.miami-dadederk.cum/offcialrecords/PnntDocumenLasox2OS=YaoUfOzxrv2R54F6CaU%2fGCB9bmwTzOfTnxLbBTvHIkbOSeRLO8s4n1_. 3/3 ORDINANCE NO. 2018- AN ORDINANCE OF THE CITY OF AVENTURA, FLORIDA, AMENDING THE OFFICIAL ZONING MAP OF THE CITY OF AVENTURA BY AMENDING THE ZONING DESIGNATION FOR A 2.0 ACRE PARCEL OF LAND LOCATED ON THE NORTH SIDE OF NE 213 STREET, WITH MUNICIPAL ADDRESS 3151 NE 213 STREET, AS MORE PARTICULARLY DESCRIBED IN EXHIBIT A TO THIS ORDINANCE, FROM MO, MEDICAL OFFICE DISTRICT TO CF, COMMUNITY FACILITIES DISTRICT; PROVIDING FOR SEVERABILITY; PROVIDING FOR INCLUSION IN THE CODE; PROVIDING FOR AN EFFECTIVE DATE. WHEREAS, the applicant, City of Aventura, through Application No. 01-REZ-18, has applied to amend the Official Zoning Map of the City of Aventura by amending the zoning designation for a parcel of land (the "Property") on the north side of NE 213 Street, with municipal address of 3151 NE 213 Street, as legally described in Exhibit "A" attached hereto, from MO, Medical Office District to CF, Community Facilities District; and WHEREAS, the City Commission has been designated as the local planning agency for the City pursuant to Section 163.3174, Florida Statutes, and as the local planning agency has determined that the rezoning is consistent with the applicable provisions of the City Comprehensive Plan; and WHEREAS, the City Commission has held the required public hearings, duly noticed in accordance with law; and WHEREAS, the City Commission has reviewed the application for rezoning and has considered the testimony of all interested parties at the public hearings, and has determined that the rezoning action set forth in this Ordinance is consistent with the Comprehensive Plan and furthers the health, safety and welfare of the City. City of Aventura Ordinance No. 2018- NOW, THEREFORE, BE IT ORDAINED BY THE CITY COMMISSION OF THE CITY OF AVENTURA, FLORIDA, THAT: Section 1. Recitals. The foregoing whereas clauses are hereby ratified and incorporated within this Ordinance. Section 2. Official Zoning Map Amended. That the Official Zoning Map of the City of Aventura is hereby amended by amending the zoning designation for the 2.0 acre parcel of land located on the north side of NE 213 Street with municipal address of 3151 NE 213 Street and with legal description described in Exhibit "A" to this Ordinance, from MO, Medical Office District to CF, Community Facilities District. Section 3. Severability. 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 4. Revision of Zoning Map. It is the intention of the City Commission, and it is hereby ordained that the Official Zoning Map of the City may be revised so as to accomplish such intentions. Section 5. Effective Date. This Ordinance shall be effective immediately upon adoption on second reading. Page 2 of 5 City of Aventura Ordinance No. 2018- The foregoing Ordinance was offered by Commissioner Dr. Marks, who moved its adoption on first reading. This motion was seconded by Commissioner Mezrahi 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 Marc Narotsky Yes Commissioner Howard Weinberg Yes Vice Mayor Robert Shelley 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 Marc Narotsky Commissioner Howard Weinberg Vice Mayor Robert Shelley Mayor Enid Weisman Page 3 of 5 City of Aventura Ordinance No. 2018- PASSED on first reading this 6th day of February, 2018. PASSED AND ADOPTED on second reading this 6th day of March, 2018. ENID WEISMAN, MAYOR ATTEST: ELLISA L. HORVATH, MMC CITY CLERK APPROVED AS TO LEGAL SUFFICIENCY: CITY ATTORNEY This Ordinance was filed in the Office of the City Clerk this day of , 2018. City Clerk Page 4 of 5 City of Aventura Ordinance No. 2018- EXHIBIT "A" LEGAL DESCRIPTION OF LAND A PARCEL OF LAND BEING A PORTION OF TRACT A, DONN ACRES, ALSO BEING A PORTION OF THE NORTH ONE-HALF OF SECTION 34, TOWNSHIP 51 SOUTH, RANGE 42 EAST, ACCORDING TO THE PLAT THEREOF RECORDED IN PLAT BOOK 76, PAGE 30, OF THE PUBLIC RECORDS OF MIAMI-DADE COUNTY, FLORIDA, SAID PARCEL BEING MORE PARTICULARLY DESCRIBED AS FOLLOWS: COMMENCE AT THE NORTHEAST CORNER OF THE NORTH ONE-HALF OF SAID SECTION 34, SAID POINT ALSO BEING THE NORTHEAST CORNER OF TRACT B OF SAID DONN ACRES; THENCE S88°01'22"w ALONG THE NORTH LINE OF SAID NORTH ONE-HALF, THE NORTH LINEN OF SAID TRACTS A AND B, A DISTANCE OF 911.50 FEET; THENCE S01°52'05"e A DISTANCE OF 186.43 FEET TO A POINT ON THE WEST LINE OF THAT CERTAIN PARCEL FO LAND (CITY PARK) DESCRIBED IN OFFICIAL RECORDS BOOK 25122, PAGE 4596 OF SAID PUBLIC RECORDS AND TO THE POINT OF BEGINNING OF THE HEREIN DESCRIBED PARCEL OF LAND; THENCE CONTINUE S01°52'52"E ALONG SAID WEST LINE, A DISTANCE OF 442.98 FEET TO A POINT ON THE NORTH RIGHT OF WAY LINE OF NE 213 STREET, AS DESCRIBED IN OFFICIAL RECORDS BOOK 17973, PAGE 3869 OF SAID PUBLIC RECORDS; THENCE S88°01'22"W ALONG THE SAID NORTH RIGHT OF WAY LINE, A DISTANCE OF 196.67 FEET; THENCE N01°52'05"W A DISTANCE OF 442.98 FEET; THENCE N88°01'22"E, A DISTANCE OF 196.67 FEET TO THE POINT OF BEGINNING. SAID LANDS SITUATE WITHIN THE CITY OF AVENTURA, MIAMI-DADE COUNTY, FLORIDA, CONTAINING 2.0 ACRES (87,120 SQUARE FEET) MORE OR LESS. Page 5 of 5 CITY OF AVENTURA COMMUNITY DEVELOPMENT DEPARTMENT MEMORANDUM TO: City Commission FROM: Susan L. Gran '�f City Manager I4' BY: Joanne Carr, AICP Community Development Director DATE: March 2, 2018 SUBJECT: Request of Target Corporation for Modification of Sign Variance approved through Resolution No. 98-42 21265 Biscayne Boulevard, City of Aventura (02-SV-18) March 6, 2018 City Commission Meeting Agenda Item (LA5 RECOMMENDATION It is recommended that the City Commission approve the request for sign variance modification to permit an increase in the existing wall sign, from 204 square feet to 225 square feet and to permit a second wall sign for CVS Pharmacy measuring 35.69 square feet, both on the west building elevation; where a primary wall sign measuring 642 square feet and a second wall sign measuring 320 square feet are permitted by Code, and where wall signs are permitted only for establishments with individual frontage and entrance facing a public street, for the Target store at 21265 Biscayne Boulevard, with the following conditions: 1. All existing wall signage shall be removed prior to installation of new signage. 2. The signs comply with the following drawings submitted with this application: • "Target Store T1074", Sheets 1 through 10 inclusive, prepared by Federal Heath Sign Company, dated 07/07/16. 3. The condition in Resolution No. 98-42 that no additional exterior wall signs be allowed on any wall of the Target store shall remain in effect. THE REQUEST The applicant, Target Corporation, is requesting variance from Section 31- 191(j)(2)a. of the City Code to permit a Target bullseye logo measuring 225 square feet and a CVS Pharmacy sign measuring 35.69 square feet on the west elevation of the Target store at 21265 Biscayne Boulevard. (See Exhibit #1 for Letter of Intent) BACKGROUND OWNER OF PROPERTY Target Corporation APPLICANT The Seyer Group LOCATION OF PROPERTY 21265 Biscayne Boulevard (See Exhibit#2 for Location Map) LEGAL DESCRIPTION Tract B, Aventura Commons, Plat Book 151, Page 58, Public Records of Miami- Dade County, City of Aventura, Florida ZONING Subject property: B2, Community Business District Property to the North: B2, Community Business District Property to the South: B2, Community Business District Property to the East: RS2, Single Family Residential District Property to the West: Biscayne Boulevard EXISTING LAND USE Subject property: Retail Plaza Property to the North: Vacant Land Property to the South: Retail Plaza Property to the East: Single Family Residential Property to the West: Biscayne Boulevard FUTURE LAND USE — According to the City of Aventura Comprehensive Plan, the following properties are currently designated as follows: Subject property: Business and Office Property to the North: Business and Office Property to the South: Business and Office Property to the East: Medium High Density Residential Property to the West: Biscayne Boulevard 2 The Site - The subject site contains a one story Target store with 131,757 square feet of retail floor area and surface parking to the west, north and south of the store. The building is set back approximately 650 feet from Biscayne Boulevard. Although the parcel is separately owned by Target Corporation, it is attached to the Aventura Commons commercial plaza that contains Whole Foods, Petsmart, Ulta Beauty, Mens Warehouse and Best Buy tenants, along with additional surface parking to the south of the Target parcel. A site plan of the plaza is attached as Exhibit#3. The Project — The applicant proposes to remove the existing sign with the Target bullseye logo and "Target" lettering and replace it with a larger bullseye logo only. The existing logo and lettering is 204 square feet, as approved by City Resolution No. 98-42 on May 5, 1998, attached as Exhibit #4. The proposed new logo is 225 square feet, or an increase of 21 square feet compared to the existing logo and lettering. An additional wall sign is requested for the CVS Pharmacy that is located inside the Target store. The pharmacy does not have its own separate entrance. Its customers use the main entrance for the Target store. The proposed wall sign for the pharmacy is 35.69 square feet. Both signs are proposed to be installed on the west elevation of the store, facing Biscayne Boulevard. The sign drawings are attached as Exhibit #5. HISTORY As a corner location, the Target store is allowed two wall signs by City Code. The maximum size of the primary wall sign is 641.86, based on a building frontage of 427'11". The maximum size of the second wall sign is 320.93 square feet, which is 50% of the size of the primary sign. The City Code defines the sign area as the square foot area enclosed by the perimeter of the sign structure, including borders and framing. Although the existing Target logo and lettering measure 204 square feet, they are located on architectural screen/framing structure that measures 1200 square feet overall. Based on the sign area definition, the sign area is 1200 square feet. In May of 1998, the Target store requested approval of four signs on the building, as follows: Sign Type Sign Copy Elevation Letter Size Sign Size (with framing) Wall Sign "Target" West(front) 204 sq ft 1200 sq ft Wall Sign "Target" North (side) 109 sq ft 109 sq ft Services/Products "Garden Center" West (front) 40 sq ft 187.5 sq ft Sign Services/Products "Pharmacy" West (front) 36 sq ft 36 sq ft Sign 3 Two of the requested signs were approved and two were denied. Resolution No. 98-42 approved the requested "Target" and the "Garden Center" signs on the west (front) elevation. The "Target" sign on the north (side) elevation and the "Pharmacy" sign on the west (front) elevation were not approved. One of the conditions of approval of Resolution No. 98-42 was that no additional exterior wall signs be allowed on any wall of the Target store. This condition will remain in effect. The originally approved "Target" sign on the west (front) elevation is in place. The "Garden Center" sign was removed when the garden center closed some time ago. Citizen Comments — The Community Development Department has received no written citizen comments as of the date of writing of this report. ANALYSIS The applicant is requesting that the sign variance approved in 1998 be modified to replace the existing "Target and logo" sign with a logo sign only and to replace the "Garden Center" sign with a "CVS Pharmacy" sign. The existing letter size is 204 square feet. The proposed new logo is 225 square feet, an increase of 21 square feet. The sign will be placed on the same architectural screen/framing structure in front of the store's main entrance, therefore, the overall measurement of the sign using the definition of sign area in the City Code, will remain at 1200 square feet, where 641.86 square feet is allowed. Variance approval is therefore required. The proposed "CVS Pharmacy" sign complies with the maximum size of a second wall sign (35.69 square feet proposed and 320.93 square feet allowed); however, the City Code allows wall signs only for establishments that have their own frontage and entrance facing a public street. The CVS Pharmacy does not have its own frontage or entrance. Its customers use the main entrance to the Target store to get to the pharmacy. Variance approval is therefore required. CRITERIA FOR SIGN VARIANCE APPROVAL The criteria for approval of sign variances are set out in Section 31-191(m)(8) of the City of Aventura Land Development Regulations, as follows: "The Sign Variance maintains the basic intent and purpose of these regulations; particularly as it affects the stability and appearance of the City and provided that the variance will be otherwise compatible with the surrounding land uses and would not be detrimental to the community. No showing of unnecessary hardship to the land is required." 4 The basic intent and purpose of the sign regulations is to allow signage that is effective in indexing the environment, serves as an index to needed goods and services, enhances the physical appearance of the City, promotes traffic safety while preventing visual distraction and is compatible with its surroundings. The 21 square foot addition to the letter size of the previously approved "Target" sign does preserve the unique aesthetic character of the City and is not in conflict with the basic intent and purpose of the sign code. It is compatible with its surroundings as all other major tenants' signs in this plaza are placed on the same type of architectural screen/framing structure. The sign will effectively index the environment, will preserve the physical appearance of the City and will prevent visual distraction while providing direction and visibility. The 35.69 square foot sign proposed for the internal pharmacy is substantially smaller than the 320.93 square feet allowed by City Code for a second wall sign. It does preserve the unique aesthetic character of the City and is not in conflict with the basic intent and purpose of the sign code. The sign will effectively index the environment, will preserve the physical appearance of the City and will prevent visual distraction while providing direction and visibility. 5 The Seyer Group .rr December 11, 2017 C11YOFKV'ENTU A Ms.Joanne Carr D EC 3 2017 Community Development Director City of Aventura 19200 West Country Club Drive INITIAL,- 4th NITIAdk4th Floor Aventura, Florida 33180 Re: Letter of Intent—Modification to Sign Variance (05-SV-98) for Target Dear Joanne, Target seeks to modify the sign variance that was originally obtained in May 1988. When the store was developed, Miami-Dade County required Target to construct a wall treatment to break up the front of the building. This area will remain the same. Target would like to update the signage on the wall treatment area. The City Commission approved the original wall sign that had "Target" and the "Bullseye" logo not to exceed 204 square feet. Target has updated its branding and seeks to install a new sign that has just the Bullseye logo. The new sign would be 225 square feet which is an increase of 21 square feet. The code requires the signage to be measured as a square, however, it should be noted that that the actual size of the circular sign is 176.7 square feet. In addition,Target is seeking permission to install a sign on the front elevation wall that reads "CVS Pharmacy". The proposed sign is 35.69 square feet. The original sign approval had granted Target an additional 40 square feet for a "Garden Center" sign on this elevation. This sign was removed when the garden center closed. One of the main factors that has helped Target to obtain success is its distinctive logo. The updated sign simplifies the Target signage and still is in keeping with the balance of the shopping center and the area. The pharmacy has been acquired by CVS and it is important to communicate the branding to the public. Target respectfully requests your department's favorable review and recommendation of this variance. Should you have any questions or comments, or require additional information, please do not hesitate to phone by direct line at 941-552-2201. Best wishes, The Seyer Group Kim Binkley Seyer Exhibit 1 02-SV-18 7321 Merchant Court • Sarasota, Florida 34240 • 941.552.2200 • Fax 941.552.22 10 BROWARD COUNTY L DADECOUNTY :■ Gulfstream YA HT LUB DR. • :■ rk ■ '■ MARINA ■ ■ �""""" o, Subject Site HARBOR C ELE • .r Hospital -N WAY ■ '■ &Meld", , Q CeMP 1NERWAY ;� v ■ .: �� Waterways ■ WATERWAYS Shoppes 207 ST. ■ :■ w ■ LU Q ¢ COUNTRY CLUB DR. �■ The N 205 M ■ '• 7203 Promenade `V • Shops ce) • IVES DAIRY RD. :■ ST �'��<Lj ■ �rnCi '■ N a ■ > ■ 201 TER. m ■ -J ■ C" Turnberry Isle • m :■ m Resort&Club • z :• AVENTURA 0�v0 • J • •■ U Q.• U '• Fire it O : O Rescue Aventura Cr Q • ;r Station Library Z ■ O } Q :■ U � Q r :■ Aventura Mall a j 2 r .r O YA�T JQ ;• City o/Aventura LUB a :■ Government CenterWY• a :■ 192 ST. WILLIAM LE}{►JIA r • 192 ST. :■ O� r 191 ST. w ; 190 MYSTIC X ;• Loehmann's - • �■ Fashion pi • 0 3 r Island Q -- • ?I r m188 ST. Z •• MIAMI 33180 0 GARDENS DR. _ _ • O - -- - -1•-:r.-.-•-•-•---_- . :• + 1 :a Dun foundling 183 ST. 4z- Bay r Atlantic %• 1 F ♦ Little Z y Williams Octan %• Biscayne rn Sound arbour 180 ST' Lake e N %• Point n iS • %r Kopp' g 2 • P T . T pP . •. ..�.. .. . ... . . .. ..r LEGEND % a Maule ♦• Lake • •i Roadways ■ i . ■ . ■ . • City Boundary r • •• —•—•— ZIP Code Boundary % • •• ----------- Railroad ■ • Exhibit 2 02-SV-18 AVE NTURA TARGET 21265 Biscayne • Aventura FL 33180 • - I Biscayne Blvd & NE 213th St O 213th Sheet _ j , r r r/ r r/ r� r, t r, r, �1 -_ - - UN Exhibit 3 02-SV-18 RESOLUTION NO. 98-42 A RESOLUTION OF THE CITY COMMISSION OF THE CITY OF AVENTURA, FLORIDA, APPROVING A SIGN VARIANCE FOR ONE (1) WALL SIGN WHICH IS LARGER THAN THAT ALLOWED; APPROVING A SIGN VARIANCE FOR (1) WALL SIGN WHICH DISPLAYS SERVICES OR PRODUCTS AS OPPOSED TO THE BUSINESS NAME ("GARDEN CENTER); DENYING A SIGN VARIANCE FOR (1) WALL SIGN WHICH DISPLAYS SERVICES OR PRODUCTS AS OPPOSED TO THE BUSINESS NAME ("PHARMACY") FOR DAYTON HUDSON CORPORATION (TARGET) LOCATED AT 21265 BISCAYNE BOULEVARD,; PROVIDING FOR AN EFFECTIVE DATE. WHEREAS, the property described herein is zoned BU-2, Special Business District; and WHEREAS, the Applicant, Dayton Hudson Corporation, through Application No. 05-SV-98, has requested sign variances to permit one (1) wall sign, which is larger than what is allowed under the Ordinance No. 97-17and two (2) wall signs which display services or products as opposed to the business name where prohibited by Ordinance No. 97-17 on that certain property located at 21265 Biscayne Boulevard; and WHEREAS, following proper notice, the City Commission has held a public hearing as provided by law; and WHERAS, the City Commission finds that the Application meets the criteria of the applicable codes and ordinances, only to the extent the Application is granted herein. NOW, THEREFORE, BE IT RESOLVED BY THE CITY COMMISSION OF THE CITY OF AVENTURA, FLORIDA, THAT; Exhibit 4 02-SV-18 Resolution No.98-42 Page 2 Section 1. Application No. 05-SV-98 for Sign Variance on property legally described as: Tract"B" Aventura Commons, Plat Book 151, Page 58 of the Public Records of Dade County, Florida a.k.a Target 21265 Biscayne Boulevard is hereby acted upon as follows subject to conditions: 1) The requested sign variance for the primary "Target" wall sign, lettering not to exceed 204 sq. ft., is hereby granted; and 2) The requested sign variance for the "Garden Center' wall sign, lettering not to exceed 40 sq. ft. is hereby granted; and 3) The requested sign variance for the "Pharmacy" sign is hereby denied on the basis that it does not meet the criteria for the granting of variances found in the City's Sign Ordinance; and 4) The request for the second uTarget" wall sign is hereby denied. CONDITIONS STANDARD CONDITIONS 1. Plans shall substantially comply with those submitted as follows: • Target "Front Building Elevation" and "Left Building Elevation", Sheet 1, prepared by Heath and Company, dated 3-26-98; and Resolution No.98-42 Page 3 • Target "Building Letter A-D", Sheet 2, prepared by Heath and Company, dated 3-26-98. 2. Applicant shall obtain building permits within 12 months of the date of this Resolution or the approvals granted shall be deemed null and void unless extended by a motion of the City Commission. PROJECT SPECIFIC CONDITIONS 1. A wall sign with copy to read "Target" with lettering not to exceed 204 sq. ft. be allowed on the wall treatment on the West elevation. 2. A wall sign with copy to read "Garden Center" with lettering not to exceed 40 sq. ft. be allowed on the West elevation. 3. No additional exterior Wall Signs be allowed on any wall of Target. Section 2. The City Manager is authorized to cause the issuance of permits in accordance with the approvals and conditions herein provided and to indicate such approvals and conditions upon the records of the City. Section 3. This Resolution shall become effective immediately upon its adoption. The foregoing Resolution was offered by Commissioner Perlow, who moved its adoption. The motion was seconded by Commissioner Berger, and upon being put to vote, the vote was as follows: Resolution No. 98-42 Page 4 Commissioner Arthur Berger no Commissioner Jay R. Beskin yes Commissioner Harry Holzberg no— Commissioner Jeffrey Perlow yes, Commissioner Patricia Rogers-Libert _yes Vice Mayor Ken Cohen no Mayor Arthur I. Snyder yes PASSED AND ADOPTED this 5th day of May, 1998; Arthur I. Snyder, Mayor ATTEST: Q Teresa M. Smith, CMC, City Clerk APPROVED AS TO LEGAL SUFFICIENCY: X-C-4 City Attorney This ResolLAion wa filed in the Office of the City Clerk this 6 day of 11998 . 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O! O 6 n ��_o�oopvRw u' yy CITYc, , City of DEC 1 32011 Aventura Government Center LV'TIflL qy JENO 6+' 19200 West Country Club Drive• Aventura,Florida 33180 APPLICANT REPRESENTATIVE AFFIDAVIT AND BUSINESS RELATIONSHIP AFFIDAVIT e INFORMATION AND INSTRUCTION SHEET The Applicant Representative Affidavit and Business Relationship Affidavit are required pursuant to Section 31-71 of the City's Land Development Regulations. Section 31-71(b)(2)is attached. I. Applicant Representative Affidavit One Applicant Representative Affidavit is required for each development permit. Submit only one Applicant Representative Affidavit per application listing all representatives, not a separate affidavit for each representative. This affidavit must list all persons representing the individual or entity applying for the development permit, including, but not limited to, all attorneys, architects, landscape architects, engineers and lobbyists. This affidavit must be signed by an authorized representative of the individual or entity applying for the development permit and the owner of the property (if different than the applicant). The signature of each representative is not required on this affidavit, only the signature of the individual or entity applying for the development permit and the owner of the property(if different than the applicant). IL Business Relationship Affidavit A separate Business Relationship Affidavit is required for each representative listed on the Applicant Representative Affidavit. A Business Relationship Affidavit is also required for the applicant and the property owner(if different than the applicant). This form consists of three pages. On Page 1,state whether or not a relationship exists by checking the appropriate box. The applicant and/or the property owner signs the affidavit at the bottom of Page 1. For all other representatives,sign on Page 2.On Page 3,the signature is sworn by a Notary Public of the State of Florida. The Business Relationship Affidavit requires the Individual or entity providing the affidavit to disclose whether it has any business relationships with any member of the City Commission or any City Advisory Board and the nature of the business relationship. The types of relationship to be disclosed are listed on Page 1 of the Affidavit as 2.i to vi. Please be sure to properly complete and date all forms submitted. PHONE:305 466-8940/FAX.305466-3277 www.cityor venwn.com APPLICANT REPRESENTATIVE AFFIDAVIT aant Pursuant to Section 31-J1(b)(2)(i)of the Cry olAventura Land Development Cade,this ApWcanl Representative Affidavit is hereby made and submitted The urdersgned authonzed representative of the individual or entity applyeg la the Development Permit which is identified in the accompanying application,and the owner of the properlysubject to the application(if Aileen')hereby lists and identifies all persons representing the individual a entity applying to the Developneu Permit in connection with the application,as Follows Name Relationship(,.e Attorneys,Amfefecrs,Landscape {/ //(�///�n/JG{,/'Q p �1 Archae//ct Engineers Lobbyists s../EEtc)• �/ /1 1 /OVT/6 "'i/ 6 /7/7_l ,L//L ✓U/ ✓ L//// GIM n71hICk � tn .— SI� h ( (AA-na&kT F" (Attach Addilional Sheets It 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 AND THE OWNER OF THE SUBJECT PROPERTY. APPLICANTS AND AFFIANTS ARE ADVISED TO TIMELY SUPPLEMENT THIS AFFIDAVIT PURSUANT TO SEC.31-71(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 OOR INCOMPLETE. WITNESS MY HAND THIS DAY OF C/11002 CV Mt ,9v 17 AUTHORIZED REPRESENTATIVE OF APPLICANT OWNER By By — Name. _.... _ Name._ A. [r ✓PC. k (PRO 1?-uLil Title- Title VrY/Ck /Kasier Address' Address. 5. low S inir5, mn STATE OF FLORIDA ) COUNTY OF MIAMI-DADE) Before me the undersigned authority personally appeared LADY1 aPSCJ` as the authorized representative of the Applicant anNor the owner of the property subject to the application, vAio �ing first by me dul sworn dM swear or affirm That he/she executed this Affidavit(or the purposes staled therein and that it is true and correct I 1.01111 ,,yy,, /� 1�L,,_ AFFIA Rid SWORN TO AND SUBSCRIBED BEFORE ME this ebay of yF%'�[— 2000 Notary Public State orFbnl.Al barye 44 Prinled Name of Notary CJ My commission expires £j 4\4 I MIRANDA SARAH SMUTI(A I (tat- NotaryPubk t Mvvcesota lE\\\�� My Jan31,20 Expires Jan 31,Tp22 0BUSINESS RELATIONSHIP AFFIDAVIT' a,� e r • Ths Affidavit is made pursuant to Smkon 31-7I(b)(21(II)of the City of Avenwra Land Dovelopmm;Code. The undersgned Affiant hereby daCases that. (mark wail Or'aliable portions poly) • 1 Affiant does not have a Busness Relationship Wth any member of the City Commission or any City Advisory Boat to which the application will be presented. • 1 12 Affiant hereby discloses that it coes have a Business Relationship with a member of the City Commission or a City Advisory Board to which the application will he presented,as follows .._ (List name of Commissioner a 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 IaMws. 11 Member of City Commission or Board fields an ownership interest in excess of 1%of total assets or capital stock of Applicant or Representative, f ii. Member of Chy Commission or Board is a partner,co-shareholder(as to shares of a corporation which are not fated on any national or regional stock exchange)a Joint venturer with the Applicant or Representative in any business venture; (16t The Appfmant or Representative is a Client of a member of the City Commission or Board or a Client of another professional waking from the same office or for be same employer as the member of the City Commission or Board, 11 iv A City Commissioner or Board member is a Client of the Applicant or Representative; O v. The Applicant or Representative is a Customer of the member of the City Commission or Board(Cr of his or her employer)and transects more than S10.000 00 of the business of the member o'be City Commission or Board for Is or her employe.)in a given calendar year, I I vi. The member of the City Commission or Board is a Customer of the Applicant or Reptesenlatne and transacts more than$25,00000 of the business of the AppliCatt or Representative in a given calendar year. WITNESS MY HAND THIS_._DAY OF ?CO APPLICANT- By (Segeware) PPLICANT- By (Sywn✓) Ow) _ nnq Title - (Pont) WITNESS MY HAND THIS it DAY OF lti-e -_,20$1. PROPERTY OWNER. By!_ At (Srpnathe& Ne //(Ij,w, t+nc evecevec (Priplf Title. etoy/ IS ole (pnh0 The terms "Rosiness Retalfonship,"Client" "Customer.` "Applrcan(" 'Represemaove"and 'Interested Person are defined in Section 2-395 of the Aventure City Cade WITNESS MY HAND THIS II DAY OF Of(f;Ada CY 201j REP' TATIVE. led on : Relationship Affidavit) • B), l pya(Sg .twe) By:_ nature dir ag • Name.Ot9 thito./ —Lista"( Name: (PsutQ • TitlajZ L IT_/t (Pr") Title: (Pang By: kignature) By: (Sgnamre Name:___________ gr(ft Name: (Pm) Y J Title: PT'tic )yu-(, (Prim) Title: (Blot) By: (Sgnatute) By. (Sgnature Name: _(Print) Name ._ (Pont) TNe: (Prang Title: IPS) By: (Signature) By: (Signature Tit : (kn) Title: (Pro) Tale. _(Pore) idle: (Point) By: (Sgnature) By (Signatue Title: (RS) Title: (Pant) Elle: (Pit) Tale: (Pivrt) By. (Signature) By _ (Siynasure Title: (Print) Etle: -. _(Print Title: (Print) Title: (PitoO 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. 31-71(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) { p [[ Beare me,me undersigned auto.ly personally appeared .Jµ0. Rrvcccc &Ahant.who being first by me duly sworn.dk swear or aNml that busne manned Pts Medan!For led purposes stated Nwem and PatArs Rue and correct' J . �- L �Lk-o' er n�I1�LL / SWORN MD AND SUBSCRIBED betae me Pis II y of YCiTA�IIA 20ar Nina Nu.Sl.e�t'elIo''f �MNOA SARAH SMUTI(A ICONS. g S a NotaryPutt Panted N of Notary �1 SIT • MirPespW My sot"Pires�M\.31,90de `` my commission Eapires Jan 31.2022 STATE OF FLORIDA ) COUNTY OF MIAMAADE) p� J 1J,, . Belaeme,me endwsigned auNanbu PersmaM appeared 014 r•IP"-a ¢Marc,"Young first by me slut ern did awaat a affirm that ldsne • emaled Pis Affidavit tor Me purposes slated Maw and Nabi is true and crated 1 AFFIANT swop% mLimn euab'emrn mno motive /A'taut D.er nbeooi7 ^�J 0'S . PATRICIA BANKS -{{-- V/`y`'✓��'-J�2>,— MYCOMMISSIONR00080508 //NNaPubcS ora AlL� EXPIRES March 07,2021 (._- 44r:e:t ISw.KS Pond Nme aNdary My erpres 3-7-3.0a/ O n STATE OF FLORIDA ) COUNTY OF MIAMI-MNDaDE) Bebe me,the undersigned mummy,personally appeared HM Sego✓ Pe Affiant being first by me duly swan.ad swear or affirm Pet nehwe mauled this Affidavit For the purposes staled therein and that it is nue and correct 1 SWORN NO AND SUBSCRIBED before me leis day of Deets/br400li . PATRICIA BANKS udie sta��'°° ^a aa PATRICIA BANKSaaLy MY COMMIS810NM00080508 Pnnlea Name allotary u EXPIRES March 07,2021 MycommisNoiexp1os 3 -7-?ea I STATE OF FLORIDA ) COUNTY( MIAMI-0ADE) Be'we re,the undersigned aimonry.Persanaln appeared the Annuni who bung first by me duly swan did swear or affirm Pal behne execute°Pts Odadl for the purposes slated mer and AMA is due and Waal AFFIANT SWORN TO AND SUBSCRIBED before me this day of 200_. Notary Publie State 01 Florida Al Large Purred Name 01 Notary My commissiar.mares RESOLUTION NO. 2018- A RESOLUTION OF THE CITY COMMISSION OF THE CITY OF AVENTURA, FLORIDA, APPROVING A MODIFICATION TO THE SIGN VARIANCE APPROVED THROUGH RESOLUTION NO. 98-42 FOR THE TARGET STORE AT 21265 BISCAYNE BOULEVARD, CITY OF AVENTURA; PROVIDING FOR AN EFFECTIVE DATE. WHEREAS, the Applicant, Target Corporation, Application No. 02-SV-18, has requested a modification to the sign variance approved through City Commission Resolution No. 98-42 passed on May 5, 1998, to permit an increase in the primary wall sign copy area from 204 square feet to 225 square feet on an architectural screen/framing structure measuring 1200 square feet and to permit the replacement of the 40 square foot secondary wall sign with a 35.69 square foot wall sign, both on the west elevation of the Target store at 21265 Biscayne Boulevard; and WHEREAS, the property described herein is zoned B2, Community Business District; and WHEREAS, following proper notice, the City Commission has held a public hearing as provided by law; and WHEREAS, the City Commission finds that the application for the modification of sign variance meets the criteria of the applicable codes and ordinances to the extent the application is granted herein. NOW, THEREFORE, BE IT RESOLVED BY THE CITY COMMISSION OF THE CITY OF AVENTURA, FLORIDA, THAT: Section 1. Application No. 02-SV-18 for modification to the sign variance approved through Resolution No. 98-42 to permit a Target bullseye logo measuring 225 square feet of copy area on an architectural screen/framing structure measuring 1200 square feet and a CVS Pharmacy sign measuring 35.69 square feet, both on the west elevation of the Target store at 21265 Biscayne Boulevard, legally described as Tract B, Aventura Commons, according to the plat thereof recorded in Plat Book 151, at Page 58 of the Public Records of Miami-Dade County, Florida, is hereby granted exclusively to the applicant, with the following conditions: City of Aventura Resolution No. 2018- 1. All existing wall signage shall be removed prior to installation of new signage. 2. The signs comply with the following drawings submitted with this application: • "Target Store T1074", Sheets 1 through 10 inclusive, prepared by Federal Heath Sign Company, dated 07/07/16. 3. The condition in Resolution No. 98-42 that no additional exterior wall signs be allowed on any wall of the Target store shall remain in effect. Section 2. The City Manager is authorized to cause the issuance of permits in accordance with the approvals and conditions herein provided and to indicate such approvals and conditions upon the records of the City. Section 3. 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 4. 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 Howard Weinberg Commissioner Marc Narotsky Vice Mayor Robert Shelley Mayor Enid Weisman Page 2 of 3 City of Aventura Resolution No. 2018- PASSED AND ADOPTED this 6th day of March, 2018. 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 , 2018. CITY CLERK Page 3 of 3 CITY OF AVENTURA OFFICE OF THE CITY COMMISSION MEMORANDUM TO: City Commission FROM: Susan Grant, City Manager tie DATE: February 6, 2018 SUBJECT: Ordinance Amending Section 2-61 of the City Code, Establishing City Departments First Reading — February 6, 2018 City Commission Meeting Agenda Item Second Reading — March 6, 2018 City Commission Meeting Agenda Item Fa) Recommendation It is recommended that the City Commission adopt the attached Ordinance amending the City Code, adding Public Works and Transportation to the list of departments of government in the City. Background On October 1, 2017, City departments were reorganized to move some functions from the City Manager's Office and the Community Services Department into a new department — Public Works and Transportation. The attached Ordinance incorporates this change into the City's Code of Ordinances. Attachment ORDINANCE NO. 2018- AN ORDINANCE OF THE CITY OF AVENTURA, FLORIDA AMENDING CHAPTER 2, "ADMINISTRATION," AT ARTICLE II, "DEPARTMENTS," AT SECTION 2-61 "CREATED," TO ADD THE PUBLIC WORKS AND TRANSPORTATION DEPARTMENT TO THE LIST OF CITY DEPARTMENTS; PROVIDING FOR SEVERABILITY; PROVIDING FOR INCLUSION IN THE CODE; AND PROVIDING FOR AN EFFECTIVE DATE. WHEREAS, the City Commission has previously determined that it is in the best interests of the City to create a Public Works and Transportation department; and WHEREAS, the City Commission desires to amend the City Code to include the Public Works and Transportation department within the list of City departments, as set forth in this Ordinance. NOW, THEREFORE, BE IT ORDAINED BY THE CITY COMMISSION OF THE CITY OF AVENTURA, FLORIDA 1: Section 1. Recitals Adopted. That each of the above-stated recitals are hereby adopted and confirmed. Section 2. City Code Amended. That Section 2-61 "Created," of Article II "Departments" of Chapter 2, "Administration" of the City Code is hereby amended to read, as follows: Chapter 2 —ADMINISTRATION Underlined provisions constitute proposed additions to existing City Code text. City of Aventura Ordinance No. 2018- ARTICLE II. - DEPARTMENTS Sec. 2-61. - Created. For the purpose of systematically and efficiently administering the operations of the City, the following departments of government within the City are hereby established: (1) Office of the City Manager. (2) Finance. (3) Legal. (4) City Clerk's office. (5) Public Safety. (6) Community Development. (7) Community Services. (8) Charter schools. (9) Information Technology. (10) Arts and Cultural Center. (11) Public Works and Transportation. Section 3. 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 4. 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 re- numbered or re-lettered to accomplish such intention; and that the word "Ordinance" shall be changed to "Section" or other appropriate word. Section 5. Effective Date. That this Ordinance shall be effective immediately Page 2 of 4 City of Aventura Ordinance No. 2018- upon adoption on second reading. The foregoing Ordinance was offered by Vice Mayor Shelley, 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 Marc Narotsky Yes Commissioner Howard Weinberg Yes Vice Mayor Robert Shelley 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 Marc Narotsky Commissioner Howard Weinberg Vice Mayor Robert Shelley Mayor Enid Weisman PASSED on first reading on this 6th day of February, 2018. PASSED AND ADOPTED on second reading on this 6th day of March, 2018. Page 3 of 4 City of Aventura Ordinance No. 2018-_ ENID WEISMAN, MAYOR ATTEST: ELLISA L. HORVATH, MMC CITY CLERK APPROVED AS TO LEGAL SUFFICIENCY: CITY ATTORNEY This Ordinance was filed in the Office of the City Clerk this day of , 2018. Page 4 of 4 CITY OF AVENTURA OFFICE OF THE CITY COMMISSION MEMORANDUM TO: City Commission 11 FROM: Susan Grant, City Manage4!J0 DATE: March 6, 2018 SUBJECT: Resolution Adopting Donation and Naming Rights Agreement March 6, 2018 City Commission Meeting Agenda Item g�} Recommendation It is recommended that the City Commission adopt the attached Resolution approving the charter high school Donation and Naming Rights Agreement. Background At the February 22, 2018 City Commission Workshop, former City Manager Eric Soroka presented a draft agreement providing for a $2 Million donation to the City of Aventura and the naming of the City's charter high school the "Don Soffer Aventura High School". The City Commission provided feedback on the agreement, which has been addressed in the attached memo from Mr. Soroka. Attachments CMOS Consulting Services MEMORANDUM TO: Susan Grant, City Manager FROM: Eric M. Soroka, CMCS Consulting Services DATE: February 26, 2018 SUBJECT: Donation and Naming Rights Agreement for the Aventura High School between the Soffer Family and City of Aventura As directed at the February Workshop Meeting, I spoke with the Soffer Family and their Legal Counsel, to discuss the points raised by the City Commission at the Meeting. I am pleased to advise we have resolved the points as follows: • The school shall be named "Don Soffer Aventura High School". • The Agreement has been revised to address further naming rights opportunities by adding the following to section 3.b "but City may grant naming rights to certain other areas of the High School (e.g. classrooms) with the consent of Soffer Family, which consent shall not be unreasonably withheld conditioned or denied. " • The Agreement has been revised to address the term in section 4 as follows: "In the event the High School shall fail to exist within ten (10) years after the Effective Date of this Agreement, Soffer Family shall have the option, at the sole discretion of Soffer Family, to require that City grant Soffer Family the right to name an other City building, park or other facility, at the mutual agreement of the City and Soffer Family, with the name "Don Soffer." The Agreement has been reviewed by the City Attorney and the Soffers will execute once the City Commission approves. I recommend that this item be placed on the March Commission Meeting Agenda for approval and to move this matter forward. Attached, for the Agenda, please find a Resolution approving the Agreement, redlined version of the Agreement with the revisions and final version of the Agreement. If you have any questions, please feel free to contact me. Attachments RESOLUTION NO. 2018- A RESOLUTION OF THE CITY COMMISSION OF THE CITY OF AVENTURA, FLORIDA APPROVING CHARTER HIGH SCHOOL DONATION AND NAMING RIGHTS AGREEMENT BETWEEN THE CITY OF AVENTURA AND THE SOFFER FAMILY; PROVIDING FOR THE CITY'S CHARTER HIGH SCHOOL TO BE NAMED AND DESIGNATED AS THE DON SOFFER AVENTURA HIGH SCHOOL; EXEMPTING THIS AGREEMENT FROM THE PROVISIONS OF RESOLUTION NO. 2000-39 CONCERNING THE GENERAL GUIDELINES FOR NAMING OF CITY FACILITIES AND THE ACCEPTANCE OF MONETARY DONATIONS; PROVIDING FOR IMPLEMENTATION; AND PROVIDING FOR AN EFFECTIVE DATE. WHEREAS, the Soffer family, including Jacquelyn Soffer and Jeffrey Soffer, the children of Don Soffer, has graciously and generously offered to donate Two Million Dollars (the "Donation') to the City of Aventura, to be utilized by the City for capital and operating expenses of the City's planned Aventura Charter High School which is presently being designed and developed for construction, for an anticipated school opening in August, 2019; and WHEREAS, the acceptance of the Donation by the City, in accordance with the below referenced Donation and Naming Rights Agreement, directly serves a municipal public purpose; and WHEREAS, the City Commission finds that the approval of the Donation and Naming Rights Agreement, substantially in the form attached hereto as Exhibit "A", is in the best interests of the City. NOW, THEREFORE, BE IT RESOLVED BY THE CITY COMMISSION OF THE CITY OF AVENTURA, FLORIDA, THAT: City of Aventura Resolution No. 2018-_ Section 1. Recitals Adopted. The above recitals are true and correct and are incorporated herein by this reference. Section 2. Approval and Execution of Donation and Naming Rights Agreement. The Donation and Naming Rights Agreement (the "Agreement") between the City and the Soffer Family, substantially in the form attached hereto as Exhibit "A", together with such non-material changes as may be acceptable to the City Manager and approved as to form and legality by the City Attorney, is approved. The City Manager is hereby authorized on behalf of the City to execute the Agreement, and any necessary amendments or addenda thereto. Section 3. Authorization of City Officials; Execution of Documents. The City Manager and the City Attorney are each authorized to take any action which is necessary to implement the terms and conditions of the Agreement, and to prepare, execute and submit any documents necessary to effectuate the acceptance of the Donation and carry out the purposes of this Resolution and the Agreement. Section 4. Exemption from Resolution No. 2000-39. It is expressly provided that the Agreement and the transaction approved by this Resolution are fully exempt from and shall not be governed by the restrictions and requirements of Resolution No. 2000-39, as adopted on June 6, 2000 (the "Prior Resolution'). In the absence of this Resolution, the Prior Resolution provided general guidelines (the "Guidelines") for the naming of City facilities and for the acceptance of monetary donations. Since this Resolution and the accompanying Agreement specifically and comprehensively Page 2 of 4 City of Aventura Resolution No. 2018-_ address this transaction, the Guidelines shall not be applicable to this High School Donation and City facility name designation. Accordingly, the Prior Resolution is hereby superseded and of no effect as to this transaction only. Section 5. Naming of High School. The City's Charter High School is hereby named and designated as the: DON SOFFER AVENTURA HIGH SCHOOL Section 6. Effective Date. 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 Marc Narotsky Commissioner Howard Weinberg Vice Mayor Robert Shelley Mayor Enid Weisman PASSED AND ADOPTED this 6th day of March, 2018. Page 3 of 4 City of Aventura Resolution No.2018-_ ENID WEISMAN, MAYOR ATTEST: ELLISA L. HORVATH, MMC CITY CLERK APPROVED AS TO LEGAL SUFFICIENCY: CITY ATTORNEY Page 4 of 4 DONATION AND NAMING RIGHTS AGREEMENT SOFFER FAMILY/CITY OF AVENTURA HIGH SCHOOL THIS DONATION AND NAMING RIGHTS AGREEMENT ("Agreement"), effective this day of , 2018, ("Effective Date")is made and entered into by and between: THE CITY OF AVENTURA, a Florida municipal corporation, at 19200 W. Country Club Drive, Aventura, Florida 33180, hereinafter referred to as"City"; and JACQUELYN SOFFER AND JEFFREY SOFFER , whose address for the purposes of this Agreement is do Tumberry Associates, 19950 West Country Club Drive, 10th Floor, Aventura, Florida, 33180, hereinafter referred to as the `Soffer Family" (hereinafter, Soffer Family and City may be referred to individually as a "Party" or collectively as the"Parties"). WITNESSETH: WHEREAS, the City is presently engaged in the design, development, and construction of a new City owned Charter High School ("High School") within the City of Aventura; and WHEREAS, the Soffer Family desires to donate Two Million and 00/100 Dollars ($2,000,000.00) ("Donation") to the City, and in conjunction with that Donation, to thereby honor their father Don Soffer, by providing for the City Commission to name the High School the "Don Soffer Aventura High School", as a lasting reminder of the outstanding contributions of Don Soffer to the founding and development of the City, the community and Miami-Dade County, and as expression of the love of his family; and WHEREAS, in consideration of the Donation,the City Commission,on behalf of the City, is very pleased to honor Don Soffer by naming the High School as "Don Soffer Aventura High School" in accordance with this Agreement. NOW, THEREFORE, in consideration of the mutual covenants and undertakings of the Soffer Family and the City, and other good and valuable consideration, the Parties covenant and agree as follows: . Recitals. The foregoing recitals are true and correct and are incorporated herein by this reference. Final 2. Payment of Donation. A. Soffer Family shall deliver the Donation to CITY.City hereby covenants,confirms, and agrees that the Donation will be used and expended by the City solely for the purpose of capital and operating costs of the High School. B. The Donation shall be paid in four(4) equal annual installments of Five Hundred Thousand and 00/100 Dollars($500,000.00) each, with the first annual installment being due and payable on or before November 1, 2018, and each of the remaining installments being due and payable on or before November 1, 2019, November I, 2020, and November 1, 2021. 3. Naming of High School A. Subject to the Soffer Family's compliance with paragraph (A)of Section 2 above, the City shall take any and all action which is necessary to name and designate the Fligh School as the "Don Soffer Aventura High School". At the time the construction of the High School is completed, the City shall cause appropriate signage to be placed at the High School that proudly displays the "Don Softer Aventura High School" name prominently upon the High School building and grounds and the High School shall identify itself as the Don Soffer Aventura High School via all correspondence, social media, and other communication. The specific signage, including any replacement or additional signage, shall comply with the City Code and shall be subject to the prior written approval of the Soffer Family,at the discretion of the Soffer Family.City recognizes the goodwill attached to the name Don Soffer and agrees that City shall operate the High School in keeping with high standards of excellence and quality high school education. Softer Family may elect, at its sole discretion, to require City to remove the designated name "Don Soffer" from the High School, including all signage, letterhead,social media,and other communication within Ten(10)days of request. B. The naming of the High School in accordance with this Agreement, and with the City Commission Resolution which approves this Agreement, shall be a permanent and perpetual naming and designation for the duration of the existence and operation of the High School, and City shall not grant any other person or entity with naming rights to the High School nor the gymnasium building,but City may grant naming rights to certain other areas of the High School (e.g.classrooms)with the consent of Soffer Family, which consent shall not be unreasonably withheld, conditioned or denied. In no event shall City be entitled, by implication or otherwise,to any title or ownership to the name Don Soffer or claim to be the owner thereof. 4. Term. The term of this Agreement shall commence upon execution of this Agreement and shall thereafter continue for so long as the High School shall exist, unless earlier 2 Final terminated by the mutual written Agreement of the Parties or as otherwise provided herein. In the event the high School shall fail to exist within ten (10) years after the Effective Date of this Agreement, Soffer Family shall have the option, at the sole discretion of Soffer Family, to require that City grant Soffer Family the right to name an other City building, park or other facility, at the mutual agreement of the City and Soffer Family, with the name"Don Soffer." 5. Remedies. In the event of the Soffer Family's default under this Agreement,City shall be entitled to any and all remedies under Florida law and, in addition, shall have the right to cease naming the High School in the honor of Don Soffer. In the event City defaults under this Agreement,the Soffer Family shall have all remedies under Florida law. No default shall be deemed to occur unless the respective Party fails to cure a failure of performance within thirty(30) days after written notice from the other Party. In addition to all of the other rights and remedies at law and in equity, Soffer Family shall have the right to terminate this Agreement in the event City uses the name Don Soffer without approval of Soffer Family and in any manner not expressly permitted by this Agreement. Upon termination of this Agreement by Soffer Family for City's breach of this Agreement, City will immediately discontinue all use of the name Don Soffer for any purpose, including, but not limited to, on any High School building and facility or otherwise in association with the High School. 6. Recording. Neither this Agreement, nor any notice or memorandum of this Agreement, shall be recorded in the public records of Miami-Dade County, Florida. The Agreement shall be binding upon and benefit the Parties and their successors and authorized assigns. 7. Tax Matters. A. The Soffer Family understands that the Donation may enable the Soffer Family to claim a deduction for purposes of United States federal income tax, but recognizes that they must contact and confer with their own tax attorneys or accountants for matters regarding any entitlement to a tax deduction, if any, record keeping requirements,and limitations on the amount of any tax deduction,as well as related issues. B. In the event that the City delivers written notice to Soffer Family of any default or breach of Soffer Family under this Agreement,that adversely affects or impacts the tax exempt status of bonds ("Bonds") issued by the City for financing the construction and equipping of the High School,Soffer Family shall cure the default and breach. Specifically, and without limiting the foregoing, Soffer Family understands and agrees that nothing herein shall be deemed to give Soffer Family, or any company or business owned and controlled by Soffer Family, control, use rights(physical or otherwise)or any other special legal entitlements to the use and operation of the High School. Further, Soffer Family shall reasonably cooperate with City, at no cost or expense to Soffer Family, in order to assist City in maintaining the tax -exempt status of the Bonds. Notwithstanding anything that may be construed to the contrary, under no circumstances, except as solely and 3 Final directly resulting from Soffer Family default and breach of this Agreement, shall Soffer Family be responsible or liable to City in the event that the tax-exempt status of the Bonds is otherwise adversely impacted or terminated. 8. Entire Agreement. This Agreement, and any exhibits annexed hereto, constitute the entire agreement and understanding of the Parties to this Agreement with respect to the subject matter of this Agreement,and supersedes all prior discussions,correspondence, oral and written agreements, commitments or understandings, restrictions, representations or warranties among the Parties to the Agreement concerning the subject matter of this Agreement other than those set forth herein or herein provided for. 9. Notice. The notices sent to any person pursuant to this Agreement shall be in writing and transmitted by messenger,certified mail,return receipt requested,or facsimile,and shall be mailed or delivered as follows: As to City: Mrs. Susan L. Grant City Manager City of Aventura 19200 W. Country Club Drive Aventura, Ff, 33180 Telephone: (305)466-8910 Facsimile: (305)466-8919 With a Copy to: City Attorney Weiss Serota Helfman Cole& Bierman, P.L. 200 East Broward Boulevard, Suite 1900 Fort Lauderdale, FL 33301 Telephone: (954) 763-4242 Facsimile: (954) 764-7770 As to Soffer Family: The Soffer Family, c/o Tumberry Associates 19950 W. Country Club Drive, l0`^Floor Aventura, Florida 33180 Attn.: Jacquelyn Soffer and Jeffrey Soffer With a copy to: Turnberry Associates 19950 West Country Club Drive, l0'"Floor Aventura, FL 33180 Attn: Mario Romine, General Counsel Telephone: (305) 682-4106 Any of the foregoing persons listed in this Section 9 may,by notice in writing given to the other, designate any further or different addresses to which subsequent notices, certificates or other communications shall be sent. Any notice shall be deemed given on the date such notice is delivered by hand or facsimile transmission or three days after the date mailed. 4 Final 10. Applicable Law. This Agreement shall be governed by and construed in accordance with the laws of the State of Florida, as an Agreement made, and entered into, and to be performed in Miami- Dade County,Florida. 11. Jurisdiction & Venue. The Parties to this Agreement expressly consent to the jurisdiction of and agree to suit in any State court of general jurisdiction in Miami- Dade County Florida,and further agree that venue shall lie exclusively in Miami-Dade County, Florida, concerning any litigation between the Parties which may arise out of or concern this Agreement. Further, the Parties hereby waive any right to trial by jury in any such litigation. 12. Amendments&Waivers. No amendment, supplement,modification or waiver of this Agreement shall be binding unless executed in writing by all of the Parties hereto. No waiver of any of these provisions of this Agreement shall be deemed or shall constitute a waiver of any other provision of this Agreement, whether or not similar, unless otherwise expressly provided. The City Manager shall act for City hereunder. 13. Assignment and Successors. Softer Family shall not assign its obligations and benefits hereunder without the prior written consent of City Commission, which consent shall not be unreasonably withheld, conditioned or delayed. In the event City gives its consent to assignment of this Agreement, the assignment shall not be valid unless and until a fully executed Agreement is entered into between the City and assignee. Notwithstanding, this Agreement shall be binding upon and benefit the Parties and their successors, and permitted Soffer Family successors shall include,but not be limited to, immediate family member of Jeffrey Soffer or Jacquelyn Soffer(i.e. parent,sibling,child,stepchild,grandchild,niece,nephew,spouse or domestic partner) ("Soffer Family Successors") and no consent or approval is required of City in order for Soffer Family Successors to be a beneficiary of all terms, covenants, and benefits, including having all contractual and legal right to enforce all terms, covenants, and conditions, of this Agreement. 14. Miscellaneous. (a) All of the Parties to this Agreement have participated fully in the negotiation and preparation hereof, and, accordingly, this Agreement shall not be more strictly construed against any one of the Parties hereto. (b) In the event any term or provision of this Agreement be determined by appropriate judicial authority to be illegal or otherwise invalid, such provision shall be given its nearest legal meaning or be construed as deleted as such authority determines, and the remainder of this Agreement shall be construed to be in full force and effect. (c) In the event of any litigation between the Parties under this Agreement, the prevailing Party shall be entitled to reasonable attorney's fees and court costs at all trial and appellate levels. 5 Final (d) In construing this Agreement, the singular shall be held to include the plural, the plural shall be held to include the singular, the use of any gender shall be held to include every other and all genders, and captions and paragraph headings shall be disregarded. (e) Except as otherwise expressly provided herein, each Party shall be responsible for its own costs in connection with this Agreement, including, without limitation, attorney's fees. IN WITNESS WHEREOF the Parties hereto have made and executed this Agreement on the respective dates under each signature: THE CITY OF AVENTURA, through its City Commission, signing by and through the City Manager, duly authorized to execute this Agreement pursuant to City Commission action on ,2018 and the Soffer Family signing by and through their duly authorized participants. [SIGNATURE PAGES TO FOLLOW] 6 Final CITY OF AVENTURA, a Florida municipal corporation Attest: By: By: Ellisa L. Horvath, City Clerk, MMC Susan L. Grant, City Manager (seal) Dated: day of , 2018. STATE OF FLORIDA ss: ) COUNTY OF MIAMI-DADE I HEREBY CERTIFY that on this day before me, an officer duly authorized in the State aforesaid and in the County aforesaid to take acknowledgments, the foregoing instrument was acknowledged before me, by Susan L. Grant, as City Manager, and by Ellisa L. Horvath, as City Clerk, on behalf of the City of Aventura. Each is personally known to me or has produced as identification. WITNESS my hand and official seal in the County and State last aforesaid this day of , 2018. Notary Public My Commission Expires: Typed, printed or stamped name of Notary APPROVED AS TO FORM AND LEGAL SUFFICIENCY FOR THE USE OF AND RELIANCE BY THE CITY OF AVENTURA ONLY: By City Attorney Weiss Serota Helfinan Cole & Berman, P.L. 7 Final The Softer Family Witnesses: Jacquelyn Soffer Name: Jeffrey Soffer Name: Dated: day of , 2018 STATE OF FLORIDA ss: ) COUNTY OF MIAMI-DADE 1 HEREBY CERTIFY that on this day before me, an officer duly authorized in the State aforesaid and in the County aforesaid to take acknowledgments, the foregoing instrument was acknowledged before me individually, by Jacquelyn Soffer and by Jeffrey Soffer the representatives and participants of the Soffer Family. Each is personally known to me or has produced as identification. WITNESS my hand and official seal in the County and State last aforesaid this day of , 2018. Notary Public My Commission Expires: Typed, printed or stamped name of Notary 8 Final CITY OF AVENTURA OFFICE OF THE CITY COMMISSION MEMORANDUM TO: City Commission FROM: Susan Grant, City Manag_ 9 DATE: March 6, 2018 #0 SUBJECT: Resolution Urging Action on Gun Violence March 6, 2018 City Commission Meeting Agenda Item q Recommendation It is recommended that the City Commission adopt the attached Resolution urging Federal and State action on gun violence. Background At the February 22, 2018 City Commission Workshop, the City Commission discussed passing a Resolution urging the Federal and State governments to take action against gun violence in the wake of the February 14, 2018 tragedy at Marjory Stoneman Douglas High School in Parkland, Florida. The Commission was presented a resolution that was recently adopted by the City of Sunrise, Florida as well as a February 20, 2018 letter from Miami-Dade County, Miami-Dade County Public Schools, and the Miami-Dade County State Attorney for additional funding to protect our children. The City Commission provided consensus to bring a draft resolution to the March 6, 2018 City Commission meeting. Attachment RESOLUTION NO. 2018- A RESOLUTION OF THE CITY OF AVENTURA, FLORIDA, CALLING ON THE STATE OF FLORIDA, GOVERNOR RICK SCOTT, PRESIDENT DONALD TRUMP, AND THE FEDERAL GOVERNMENT TO REDUCE GUN VIOLENCE IN AMERICA AND HELP PREVENT FUTURE SHOOTINGS BY REQUIRING A BACKGROUND CHECK FOR EVERY FIREARM SALE; SUPPORTING THE PASSAGE OF A RED FLAG LAW; SUPPORTING RAISING THE AGE FOR LEGAL PURCHASE OF FIREARMS, MAGAZINES AND AMMUNITION TO 21; SUPPORTING THE PASSAGE OF LEGISLATION THAT WOULD KEEP MILITARY- STYLE WEAPONS AND HIGH-CAPACITY MAGAZINES AWAY FROM OUR SCHOOLS; SUPPORTING THE FEBRUARY 20, 2018 LETTER FROM MIAMI-DADE COUNTY, MIAMI-DADE COUNTY PUBLIC SCHOOLS, AND THE MIAMI-DADE STATE ATTORNEY REQUESTING ADDITIONAL STATE FUNDING TO PROTECT OUR CHILDREN; AUTHORIZING THE CITY CLERK TO TRANSMIT THIS RESOLUTION; AND PROVIDING FOR AN EFFECTIVE DATE. WHEREAS, the City of Aventura City Commission has repeatedly passed Resolutions urging State and Federal elected bodies to strengthen gun laws meant to protect our community; and WHEREAS, National and State leaders continue to fail to act to implement sensible gun law reforms that are supported by a majority of the nation; and WHEREAS, an increase in the amount of hate groups, international and lone wolf domestic terrorism, underfunded community mental health programs, and easy access to military grade, high capacity magazine assault weapons have created circumstances which have led to an unprecedented number of mass shootings in American communities in recent years; and WHEREAS, in recent years, mass shootings involving military-grade high capacity magazine assault weapons have occurred in 2007 at a college in Virginia, and in 2012 at a Century 16 Movie Theater in Aurora, Colorado; and WHEREAS, in February 2013, in the wake of numerous mass shootings culminating in the Sandy Hook Elementary School shooting in Newtown, Connecticut, the City Commission of the City of Aventura passed Resolution No. 2013-08 to urge the City of Aventura Resolution No. 2018- federal government to reduce gun violence in America through increased background checks and the banning of military-style assault weapons; and WHEREAS, in October 2016, following the tragedy at the Pulse Nightclub in Orlando, the City Commission of the City of Aventura passed Resolution No. 2016-63 urging the Federal and State governments to limit the availability and use of military- grade high capacity magazine assault weapons to law enforcement agencies; and WHEREAS, further mass shootings occurred in the 2015 attack at the Inland Regional Center in San Bernardino, California and the 2017 attack at the Route 91 Harvest Festival in Las Vegas, Nevada; and WHEREAS, on November 5, 2017, a mass shooting occurred at the First Baptist Church in Sutherland Springs, Texas in which 26 were killed and 20 others were injured. As has been noted, "the attack was the deadliest mass shooting by one person in Texas and the fifth-deadliest mass shooting in the United States. It was the deadliest shooting in an American place of worship in modern history, surpassing the Charleston church shooting of 2015[3] and the Waddell Buddhist temple shooting of 1991."; and WHEREAS, on February 14, 2018, a mass shooting occurred at Marjory Stoneman Douglas High School in Parkland, Florida killing 17 students, teachers and coaches and wounding 14 others, 5 with life-threatening injuries; and WHEREAS, an AR-15-style rifle was used in the mass shootings in Newton, Connecticut; Aurora, Colorado; San Bernardino, California; Las Vegas, Nevada; Sutherland Springs, Texas; and Parkland, Florida; and BACKGROUND CHECKS FOR ALL SALES AND TRANSFERS WHEREAS, according to Everytown for Gun Safety, which is an independent, non-partisan 501(c)(3) organization dedicated to understanding and reducing gun violence in America: • Background checks are a central component of America's efforts to keep guns from criminals: since their inception, they have blocked over 3 million gun sales to prohibited purchasers. • According to a study by the Department of Justice, between 1994 and 2014, federal, state, and local agencies conducted background checks on more than 180 million firearm applications and denied 2.82 million gun sales to prohibited purchasers. Page 2 of14 City of Aventura Resolution No. 2018- WHEREAS, despite this success, the system is undermined by legal loopholes and missing records that enable too many dangerous individuals to obtain weapons they later use in crimes; and WHEREAS, it is estimated that state and federal agencies have failed to report more than one million records of persons with dangerous mental illness into the National Instant Criminal Background Check System ("NICS") which initiates background checks into three databases: the National Crime Information Center (NCIC), the Interstate Identification Index, and the NICS Index; and WHEREAS, on April 16, 2007, Seung-Hui Cho shot and killed 32 people at Virginia Tech with guns that were legally purchased because records of his mental health status were missing from the NICS; and WHEREAS, on January 8, 2011, Jared Loughner, someone with a reported history of drug abuse and serious mental illness who should have been in the NICS database but was not, killed six Tucsonans — Christina-Taylor Green, Dorothy Morris, Judge John Roll, Dorwan Stoddard, Phyllis Schneck, and Gabe Zimmerman — and shot 13 others, including U.S. Congresswoman Gabrielle Giffords; and WHEREAS, on July 20, 2012, James Holmes, using a semi-automatic rifle and other guns, allegedly shot and killed 12 people and injured at least 58 others in a movie theater in Aurora, Colorado, using some of the thousands of rounds of ammunition that the shooter had recently purchased online without any background check; and WHEREAS, on August 5, 2012, Wade Michael Page, using a semi-automatic handgun, allegedly shot and killed 6 people and injured 3 others at a Sikh temple in Oak Creek, Wisconsin; and WHEREAS, on October 21, 2012, Radcliffe Haughton, using a semi-automatic handgun, shot and killed his estranged wife and two others; and though a restraining order had been issued against Haughton — making him a prohibited person under federal law — Haughton was able to avoid a background check by purchasing the gun from a private seller through armslist.com; and WHEREAS, on December 14, 2012, Adam Lanza, using two semi-automatic handguns, shot and killed 27 people, including 20 children at Sandy Hook elementary school; and Page 3 of 14 City of Aventura Resolution No. 2018- WHEREAS, the shooter in the Sutherland Springs, Texas massacre should have been prevented from purchasing any firearm because of a domestic violence conviction and court-martial while in the United States Air Force. However, according to news reports, the Air Force did not provide the conviction to the FBI National Crime Information Center database; and WHEREAS, in the wake of the Virginia Tech shootings, Virginia and other states have submitted hundreds of thousands of new mental health records into the NICS database, yet 19 states have each submitted fewer than 100 mental health records since that massacre; and WHEREAS, under federal law, licensed gun dealers are mandated to conduct NICS checks before proceeding with a sale, but this requirement does not apply to so- called private sellers who are present in large numbers at gun shows and sell guns over the internet; and WHEREAS, it is estimated that 6.6 million guns were sold privately in the U.S. between November 2011 and November 2012, and undercover investigations have shown that many private sellers at gun shows and online will proceed with sales even when they are made aware that prospective purchasers cannot pass a background check; and WHEREAS, more than 12,000 Americans are murdered with guns every year, and too many of these crimes are committed by individuals who are barred from purchasing or possessing guns under federal law; and WHEREAS, other tragedies including the 1999 Columbine High School shooting in Colorado, the 2010 attack on law enforcement at the Pentagon, and the 2012 mass shooting at a Pittsburgh psychiatric clinic were perpetrated by individuals who obtained guns through unregulated private sales, with no paperwork required and no questions asked; and WHEREAS, the Fix Gun Checks Act was introduced in the U.S. Congress, and this legislation would have addressed the two major flaws in the nation's gun background check system by improving compliance with federal record reporting requirements, and by requiring background checks for all U.S. gun sales; and WHEREAS, 90 percent of Americans and 90 percent of gun owners support fixing gaps in the gun background check database, and 86 percent of Americans, 82 Page 4 of 14 City of Aventura Resolution No.2018- percent of gun owners nationwide, and 74 percent of National Rifle Association ("NRA") members support mandatory criminal background checks for all gun sales; and WHEREAS, the City of Aventura has been a strong advocate for common-sense policies that keep guns out of dangerous hands while respecting the rights of law- abiding gun owners, and strongly believes that Congress and state governments should take action to close deadly gaps in the NICS; and WHEREAS, more than 50 national organizations support closing gaps in the gun background check database and requiring a background check for all gun sales, including the U.S. Conference of Mayors, National Urban League, National Association for the Advancement of Colored People, National Coalition Against Domestic Violence, the International Association of Chiefs of Police, the Major Cities Chiefs Association, and the Police Executive Research Forum; and RED FLAG LAWS WHEREAS, implementation of RED FLAG LAWS, allows the community to protect itself and according to Everytown for Gun Safety: • Like many mass shooters, the 19-year-old suspected of shooting and killing at least 17 people and injuring at least 14 others at a high school in Parkland, Florida displayed warning signs prior to the shooting. Unfortunately, Florida does not have a Red Flag Law - a law increasingly being adopted by states that empowers family members and law enforcement to seek an Extreme Risk Protection Order, a court order temporarily restricting a person's access to guns when they pose a danger to self or others. Five states have Red Flag Laws in place and bills are currently pending in another 18 states; • Red Flag Laws can save lives by creating a way for family members and law enforcement to act before warning signs escalate into tragedies; • When a person is in crisis, loved ones and law enforcement are often the first to see signs that they pose a threat. Red Flag Laws allow them to seek help from a court to remove guns from dangerous situations; • Red Flag Laws empower law enforcement and immediate family members to petition a court for an Extreme Risk Protection Order, sometimes called a Gun Violence Restraining Order. • If a court finds that a person poses a significant danger of injuring themselves or others with a firearm, that person is temporarily Page 5 of 14 City of Aventura Resolution No.2018- prohibited from purchasing and possessing guns and is required to turn over their guns while the order is in effect. • Five states have Red Flag Laws and bills are currently pending in another 18 states, including Florida; • A nationwide study of mass shootings from 2009 to 2016 revealed that in at least 42 percent of those incidents, there is documentation that the attacker exhibited dangerous warning signs before the shooting. • The alleged mass shooter who shot and killed 17 people and injured 14 others at a high school in Parkland, Florida on February 14, 2018 also displayed warning signs prior to the shooting. He was expelled from school, and students and teachers reported that he displayed threatening behavior. His mother contacted law enforcement on multiple occasions regarding his behavior, and he was known to possess firearms. • Final orders, which generally last for up to one year, can only be issued after notice and an opportunity to be heard. At the hearing, the person would have the chance to respond to evidence that they are too dangerous to have a gun. • A temporary order, which typically lasts 14 to 21 days, can be issued before a full hearing is held, but only if there is clear evidence that an order is necessary to prevent immediate danger. WHEREAS, currently pending in the Florida Legislature is House Bill 231/Senate Bill 530 which would implement a Red Flag Law, and had these bills been passed and signed into law, there is a high likelihood the Parkland massacre would have been averted and those loved ones saved; and MINORS UNDER FLORIDA LAW ARE PERMITTED TO PURCHASE GUNS WHEREAS, according to the Giffords Law Center to Prevent Gun Violence: • Laws imposing minimum age requirements for the possession and purchase of firearms are intended to decrease access to firearms by young people and, correspondingly, to decrease the number of suicides, homicides, and unintentional shootings among that population; • In 2014, 21,101 people under the age of 21 were shot by guns and 3,265 died from those gunshot wounds. Of these deaths, 1,925 were classified as homicides, 1,145 as suicides, and 122 as the result of unintentional shootings; Page 6 of 14 City of Aventura Resolution No. 2018- • Firearms were used in 41% of suicide deaths among individuals under age 21 in 2014. WHEREAS, also according to the Giffords Law Center to Prevent Gun Violence: • Federal law in this area distinguishes between long guns (assault style rifles, rifles, and shotguns) and handguns, and between gun possession and gun sales. Federal law also provides stronger age restrictions for sales by licensed gun sellers. • Licensed firearms dealers may not sell or deliver a handgun or ammunition for a handgun to any person the dealer has reasonable cause to believe is under age 21. • Dealers may not sell or deliver a long gun, or ammunition for a long gun, to any person the dealer knows or has reasonable cause to believe is under age 18. • Unlicensed persons may not sell, deliver or otherwise transfer a handgun or handgun ammunition to any person the transferor knows or has reasonable cause to believe is under age 18, with certain exceptions. • Unlicensed persons may sell, deliver, or otherwise transfer a long gun or long gun ammunition to a person of any age. WHEREAS, in summary, with some exceptions, federal law prohibits the possession of a handgun or handgun ammunition by any person under the age of 18 but does not set a minimum age for the possession of long guns or long gun ammunition; and WHEREAS, under Florida law, the purchase of a long gun is allowed for a person under 21 years of age; and WHEREAS, in order to restrict such purchase and/or possession of a long gun, high capacity magazines and ammunition, the Florida legislature would need to amend Fla. Stat. §§ 790.17(2), 790.18; Fla. Stat. § 790.22(3), (5); and ASSAULT WEAPON AND HIGH CAPACITY MAGAZINE RESTRICTIONS HAVE BEEN HELD CONSTITUTIONAL WHEREAS, Maryland, Connecticut and New York, in response to mass shootings resulting in the massacre of students, teachers and others, passed similar prohibitions on sales of assault weapons and large capacity magazines; and Page 7 of 14 City of Aventura Resolution No.201 8- WHEREAS, after lengthy ligation, those laws were upheld by U.S. Federal Courts as constitutional, concluding that the Second Amendment does not reach to protect the purchase and sale of weapons of war. Kolbe v. Hogan, 849 F.3d 114 (Fourth Cir. 2017); New York State Rifle and Pistol Ass'n, Inc. v. Cuomo, 804 F.3d 242 (Second Cir. 2015); and WHEREAS, in response to the Sandy Hook massacre, Maryland enacted the State's Firearm Safety Act of 2013 (the "FSA"), which bans the AR-15 and other military-style rifles and shotguns (referred to as "assault weapons") and detachable large-capacity magazines, providing "that a person may neither 'transport an assault weapon into the State" nor "possess, sell, offer to sell, transfer, purchase, or receive an assault weapon." See Md. Code Ann., Crim. Law § 4-303(a). The banned assault weapons include "assault long gun[s]" and "copycat weapon[s]." Id. § 4-301(d)."; and WHEREAS, the Maryland FSA defines an assault long gun as a rifle or shotgun "listed under § 5-101(r)(2) of the Public Safety Article," including the "Colt AR-15," "Bushmaster semi-auto rifle," and "AK-47 in all forms." See Md. Code Ann., Crim. Law § 4-301(b); Md. Code Ann., Pub. Safety § 5-101(r)(2). The list of prohibited rifles and shotguns consists of "specific assault weapons or their copies, regardless of which company produced and manufactured that assault weapon." See Md. Code Ann., Pub. Safety § 5-101(r)(2)"; and WHEREAS, the Maryland "FSA provides a separate definition for a copycat weapon that is premised on a weapon's characteristics, rather than being identified by a list of specific firearms. In relevant part, a copycat weapon means: (i) a semiautomatic centerfire rifle that can accept a detachable magazine and has any two of the following: 1. a folding stock; 2. a grenade launcher or flare launcher; or 3. a flash suppressor; (ii) a semiautomatic centerfire rifle that has a fixed magazine with the capacity to accept more than 10 rounds; (iii) a semiautomatic centerfire rifle that has an overall length of less than 29 inches; ' ' ' (v) a semiautomatic shotgun that has a folding stock; or (vi) a shotgun with a revolving cylinder. See Md. Code Ann., Crim. Law § 4-301(e)(1)."; and WHEREAS, "[i]n banning large-capacity magazines along with assault weapons, the FSA provides that "[a] person may not manufacture, sell, offer for sale, purchase, receive, or transfer a detachable magazine that has a capacity of more than 10 rounds of ammunition for a firearm." See Md. Code Ann., Crim. Law § 4-305(b). A detachable magazine is defined as "an ammunition `123 feeding device that can be removed readily from a firearm without requiring disassembly of the firearm action or without the use of a tool, including a bullet or cartridge." Id. § 4-301(f).'; and Page 8 of 14 City of Aventura Resolution No.201 8- WHEREAS, "[u]nder the FSA's exceptions, "[a] licensed firearms dealer may continue to possess, sell, offer for sale, or transfer an assault long gun or a copycat weapon that the licensed firearms dealer lawfully possessed on or before October 1, 2013," and "[a] person who lawfully possessed, has a purchase order for, or completed an application to purchase an assault long gun or a copycat weapon before October 1, 2013, may possess and transport the assault long gun or copycat weapon." See Md. Code Ann., Crim. Law § 4-303(b)(2), (3)0). The FSA does not ban the possession of a large-capacity magazine. Further, the FSA explicitly allows the receipt and possession of an assault weapon or large-capacity magazine by a retired Maryland law enforcement officer if the assault weapon or large-capacity magazine "is sold or transferred to the person by the law enforcement agency on retirement" or "was purchased or obtained by the person for official use with the law enforcement agency before retirement." Id. §4-302(7)."; and WHEREAS, the Kolbe Court stated "[s]imply put, AR-15-type rifles are "like" M16 rifles under any standard definition of that term. See, e.g., Webster's New International Dictionary 1431 (2d ed. 1948) (defining "like" as "[h]aving the same, or nearly the same, appearance, qualities, or characteristics; similar"); The New Oxford American Dictionary 982 (2d ed. 2005) (defining "like" as "having the same characteristics or qualities as; similar to"). Although an M16 rifle is capable of fully automatic fire and the AR-15 is limited to semiautomatic fire, their rates of fire (two seconds and as little as five seconds, respectively, to empty a thirty-round magazine) are nearly identical. Moreover, in many situations, the semiautomatic fire of an AR-15 is more accurate and lethal than the automatic fire of an M16. Otherwise, the AR-15 shares the military features—the very qualities and characteristics—that make the M16 a devastating and lethal weapon of war."; and WHEREAS, the Kolbe Court held "[w]hatever their other potential uses - including self-defense - the AR-15, other assault weapons, and large-capacity magazines prohibited by the FSA are unquestionably most useful in military service. That is, the banned assault weapons are designed to "kill [ ] or disable] the enemy" on the battlefield. See J.A. 735. The very features that qualify a firearm as a banned assault weapon - such as flash suppressors, barrel shrouds, folding and telescoping stocks, pistol grips, grenade launchers, night sights, and the ability to accept bayonets and large-capacity magazines - "serve specific, combat-functional ends." See id. at 1120. And, "[t]he net effect of these military combat features is a capability for lethality - more wounds, more serious, in more victims - far beyond that of other firearms in general, including other semiautomatic guns." Id. at 1121-22."; and Page 9 of 14 City of Aventura Resolution No. 2018- WHEREAS, the Kolbe Court found, "[I]ikewise, the banned large-capacity magazines "are particularly designed and most suitable for military and law enforcement applications." See J.A. 891 (noting that large-capacity magazines are meant to "provide[ ] soldiers with a large ammunition supply and the ability to reload rapidly"). Large- capacity magazines enable a shooter to hit "multiple human targets very rapidly"; "contribute to the unique function of any assault weapon to deliver extraordinary firepower"; and are a "uniquely military feature[ I" of both the banned assault weapons and other firearms to which they may be attached. See id. at 1151."; and WHEREAS, the Kolbe Court concluded, "[b]ecause the banned assault weapons and large-capacity magazines are clearly most useful in military service, we are compelled by Heller to recognize that those weapons and magazines are not constitutionally protected."; and WHEREAS, the en banc panel of the Fourth Circuit in Kolbe held that "[1] banned weapons and magazines were not protected by Second Amendment; [2] the Maryland FSA did not violate Equal Protection Clause; and [3] the Maryland FSA was not void for vagueness under Due Process Clause;" and WHEREAS, the Kolbe holding that such reasonable restrictions did not violate the Second Amendment was consistent with the earlier holding of the Second Circuit in New York State Rifle and Pistol Ass'n, Inc. v. Cuomo, 804 F.3d 242 (Second Cir. 2015) which held: "[1] laws prohibiting possession of certain semiautomatic weapons, large- capacity magazines, and on number of bullets in a magazine would be reviewed under intermediate scrutiny; [2] prohibitions on possessing certain semiautomatic assault rifles with one or more military-style features did not violate the Second Amendment's right to bear arms; [3] prohibitions on possessing large-capacity magazines not violate the Second Amendment's right to bear arms; [4] New York law prohibiting possession of a magazine for a firearm loaded with more than seven rounds violated the Second Amendment right to bear arms; [5] laws criminalizing possession of magazines that could be "readily restored or converted to accept" more than ten rounds were not unconstitutionally vague; [6] Connecticut law prohibiting possession of certain specified firearms and any "copies or duplicates thereof with the capability of' the listed models was not unconstitutionally vague; [7] New York law prohibiting possession of semiautomatic pistols that were semiautomatic versions of an automatic rifle, shotgun or firearm" was not unconstitutionally vague; and [8] provision of New York law prohibiting semiautomatic assault rifles with a "muzzle break" was not unconstitutionally vague;" and Page 10 of 14 City of Aventura Resolution No. 2018- WHEREAS, presently pending in Florida is similar legislation, Senate Bill 196/House Bi11219 which would prohibit "the sale or transfer of an assault weapon or large-capacity magazine; specifying circumstances in which the manufacture or transportation of assault weapons or large-capacity magazines is not prohibited; providing enhanced criminal penalties for certain offenses when committed with an assault weapon or large-capacity magazine, etc.;" and WHEREAS, following the lead of other states, and having had Federal Courts consistently hold that such restrictions are constitutional, it is time to implement such restrictions; and FLORIDA LAW INAPPROPRIATELY PUNISHES ELECTED OFFICIALS FOR TRYING TO PROTECT THEIR RESIDENTS WHEREAS, in 1987, the Florida Legislature passed Chapter 87-23, Laws of Florida, which created Florida Statutes section 790.33 and declared the preemption of the whole field of regulation of firearms and ammunition, reserving the exclusive right to regulate and/or enforce any laws involving firearms and ammunition to the Florida Legislature and the State of Florida; and WHEREAS, in 2011, the Florida Legislature passed and Governor Scott signed Chapter 2011-109, Laws of Florida to allow the Governor to remove from office, without due process of law, any person acting in an official capacity for a local authority, including an elected official, who passes an ordinance or causes to be enforced a local ordinance, administrative rule or regulation impinging on the exclusive authority of Florida legislature to regulate firearms and ammunition in all respects; and WHEREAS, the 2011 Amendment to Florida Statutes section 790.33 provides for personal liability of any person who enacts or causes to be enforced any local ordinance impinging upon the Legislature's occupation of the whole field of regulation of firearms and ammunition; and WHEREAS, the 2011 Amendment to Florida Statutes section 790.33 also provides that if a Court finds a willful or knowing violation of the prohibition on the ability of local government to regulate or enforce firearms or ammunition in any regard, the Court may impose a personal fine of up to $5,000 on the elected or appointed local government official(s) or administrative agency head and cause the county, agency, municipality, district or other entity to reimburse the legal cost of those who sue to overturn the ordinance, rule, regulation and/or enforcement effort and to pay their actual damages; and Page 11 of 14 City of Aventura Resolution No. 2018- WHEREAS, pursuant to Florida Statutes section 790.33, local communities appear powerless to enumerate elements of the standard of care which should be met to protect the community; and WHEREAS, the City Commission of the City of Aventura urgently requests the Governor and Legislature of the State of Florida to address this deficit in law by enacting legislation that would allow municipalities the ability to address these public health, safety and welfare items by enacting local legislation without fear of removal from office, in accordance with the unique local characteristics of a community and with due respect to the risk to public; and WHEREAS, local governments have a duty to protect their residents, visitors, tourists and businesses and that such duty should not be infringed upon by State government. NOW THEREFORE, BE IT RESOLVED BY THE CITY COMMISSION OF THE CITY OF AVENTURA, FLORIDA THAT: Section 1. The foregoing Whereas clauses are hereby ratified and incorporated as the legislative intent of this Resolution. Section 2. The City supports federal legislation that would require a background check for every firearm sale whether the legislation is enacted by passage of the Fix Gun Checks Act in the United States Congress or some other legislation. Section 3. The City urges the Florida legislature to immediately pass House Bill 231/ Senate Bill 530, popularly described as a "Red Flag Law," to protect our community from those who are identifiable as a threat to safety and security. Section 4. The City urges immediate amendment to Florida law to raise the age for legal purchase of guns, including long guns, high capacity magazines, and ammunition to 21 years of age. Section 5. The City urges immediate passage of legislation that would get military-style weapons and high-capacity magazines away from our community and especially our schools and that would increase the minimum age to purchase and possess a weapon from age 18 to age 21. Page 12 of 14 City of Aventura Resolution No.2018-_ Section 6. The City urges the Florida legislature to repeal the draconian punitive punishments of elected officials set forth in Florida Statutes section 790.33. Section 7. The City urges Florida Governor Rick Scott to take action to pass gun reform, even if it means extending the 2018 legislative session, to: a. Raise the minimum age to allow the purchase of guns and ammunition to 21; b. Eliminate the loopholes in the private transfer of weapons and require full background checks for all sales and transfers of firearms; c. Repeal the prohibitions and penalties in Section 790.33(3), Florida Statutes; d. Enact legislation regarding Red Flag Law to allow Extreme Risk Protection Orders such as those proposed in House Bill 231 and Senate Bill 530; e. Enact the Gun Safety legislation set forth in Senate Bill 196 and House Bill 219 to place constitutional restrictions on the sale and transfer of assault-style weapons and high-capacity magazines. Section 8. The City supports the attached February 20, 2018 request from Miami-Dade County, Miami-Dade County Public Schools, and the Miami-Dade County State Attorney for additional funding to protect our children. Section 9. The City Clerk is hereby directed to distribute this Resolution to President Donald Trump, Governor Rick Scott, the United States Congressional Delegations from Florida, the Miami-Dade County Legislative Delegation, and the Miami-Dade County League of Cities. Section 10. Effective Date. This Resolution shall be effective immediately upon its passage. 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 Marc Narotsky Commissioner Howard Weinberg Vice Mayor Robert Shelley Mayor Enid Weisman Page 13 of 14 City of Aventura Resolution No. 2018- PASSED AND ADOPTED this 6th day of March, 2018. ENID WEISMAN, MAYOR ATTEST: ELLISA L. HORVATH, MMC CITY CLERK APPROVED AS TO LEGAL SUFFICIENCY: CITY ATTORNEY Page 14 of 14 1� tE COUNTY . AWT February 20, 2018 The Honorable Joe Negron, President The Honorable Richard Corcoran, Speaker Florida Senate Florida House of Representatives 409 The Capitol 420 The Capitol 404 South Monroe Street 402 South Monroe Street Tallahassee, FL Tallahassee, FL Dear President Negron and Speaker Corcoran: RE: PROTECT OUR CHILDREN Often, it is in moments of crisis like the unspeakable act of violence committed last week at Marjory Stoneman Douglas High School in Broward County that galvanize action. Seventeen lives were tragically lost, and we must all ask ourselves: How can we best protect our children? As leaders representing Miami-Dade County, Miami-Dade County Public Schools, and the Miami- Dade State Attorney's Office, we seek your support, advocacy, and decisive action on behalf of Miami-Dade County's children. It is a charge we locally hold ourselves accountable to first. Last week, we convened to review and assess both current safety protocols and interagency collaboration, and identified opportunities for further improvement. This review was comprehensive in nature, spanning from school-based operations to communication methods, and from facilities infrastructure and technology to human capital needs. Our local school district currently receives $9.5 million from the Safe Schools Appropriation for safety and security measures. As the fourth largest school district in the nation with more than 370 school campuses and over 350,000 students, Miami-Dade County Public Schools' investment on safety and security measures is approximately $50 million, but that is not enough to ensure that we exhaust all viable measures to make sure not one more child is lost. We must do all we can to protect the sanctity of schools by safeguarding our children. The solutions we seek are multi-faceted and require both immediate action and long-term commitment. We want to collaborate with our state leaders to realize solutions to the challenges ahead of us. Our community has honed in on unfunded needs that are crucial in further reinforcing school campus security infrastructure and essential supports for the prevention of future tragedies. We also recognize that preventing prohibited persons with mental health or emotional issues from obtaining firearms should be our first line of defense against mass casualty incidents that have become all too common throughout the nation. Identifying those at-risk individuals requires a substantial commitment in qualified human resources, artificial intelligence, and technology-based strategies. To that end, we join to seek your support on the following items: $ • $10 million for an additional 100 school resource officers (SRO)for schools in need of additional SRO presence; • $7.8 million to support mental health services for students which will allow our school district to hire 75 additional mental health/social work professionals to focus on prevention/early detection of youth needs, and 4 mental health counselor advocates dedicated to providing counselling services and addressing the unique and long- lasting impact and trauma of violent crime on our children; • A multi-year request (Year 1 - $12 million) for school-site infrastructure and inter- agency needs such as: o Video surveillance systems and internet protocol monitoring systems for school sites; o Evaluation of classroom glass window panes against ballistics, along with the materials needed to implement recommendations; o Mechanisms to automatically lock all doors; o Digital floor plan and mapping system for countywide response; o Enhanced mass communication systems at schools that provide expanded access to school public address systems; o Early detection software, social media data-mining software, and enhanced connectivity technology to improve inter-agency information sharing; and o Cyber analyst and Assistant State Attorney positions to provide technical guidance in the collection and analysis of social media and other electronic evidence. We respectfully request your consideration of these priorities for this year's state appropriations. It is our intent to contact your offices and our local delegation to discuss additional ways in which we can work together to protect our children. Sincerely, MI Carlos M. enez Alberto M. Carvalho Perla Tabares Hantman, Chair Mayor Superintendent of Schools The School Board Miami-Dade County Miami-Dade County Public Schools Miami-Dade Co ty, Florida 74! 07€4_, Katherine Fernandez-Rundle Esteban L. Bovo, Chairman Miami-Dade State Attorney Board of County Commissioners Miami-Dade County cc: Miami-Dade County Legislative Delegation Board of County Commissioners Members of the School Board of Miami-Dade County, Florida Page 2of 2