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HomeMy WebLinkAboutItem #15 - Discussion ItemI CITY OF MIAMI, FLORIDA14 INTER -OFFICE MEMORANDUM TO : DATE : FILE Honorable Mayor and Members April 3, 1997 of the City Commission SUBJECT Discussion Item FROM :itC?��/� REFERENCES f 7 dward Marquez City Manager ENCLOSURES Per the City Commission's directive at its meeting of April 2, 1997, I am placing on the agenda a discussion item regarding the presentation of the Five -Year Financial Recovery Plan with amendments and revisions as instructed. '*D) - 0 fn0.1 CITY OF MIAMI, FLORIDA INTER -OFFICE MEMORANDUM TO Honorable Mayor and Members of the City Commission FROM : Edward Marqu City Manager DATE April 10, 1997 FILE SUEUECT : Five Year Plan Options REFERENCES: ENCLOSURES. The Administration has developed three additional options for consideration by the Commission. These three options, in order of the Administration's preference, are detailed below: 1.012tiQn 1 Reduce the service and expenses of the Solid Waste Department by eliminating recycling ($817,000) and moving from once a week trash pickup to once a month pickup ($650,000). This savings in costs of $1,467,000 would be offset by the City assuming the costs of the Downtown Development Authority ($1,371,000). The .5 mills levy on downtown property owners would be eliminated in this action. 2. Option 2 Levy the Fire Assessment Fee as proposed. Institute a high use impact fee ordinance on tax exempt users not reached by the assessment (amount to be collected unknown). Eliminate the DDA .5 mill levy. Pickup DDA personnel ($571,000) and assume other expenses as revenues are collected. 3.Optign Assess everyone for the Fire Assessment Fee. This would have the potential to raise $5.8 million. The potential achievable revenues to be generated by this assessment may be $2.5 million. We propose to give grants to tax exempt service agencies ($520,000) for their performance of services that the City would otherwise have to provide and eliminate the DDA mileage on downtown property. We look forward to discussing these options at your convenience.