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HomeMy WebLinkAboutExhibit 2MiMo Business Improvement District EXHIBIT B MiMo Business Improvement Committee 7100 Biscayne Blvd, Suite 102 Miami FL 33138 Minto Business Improvement District Exhibit B Mission Page 1 The MiMo Business Improvement Committee (Minto BIC) is incorporated as a Florida nonprofit corporation to: • create a business improvement district (BID) that will revitalize Miami's historic Minto Biscayne Boulevard as a clean, safe, vibrant, and sustainable corridor with a diverse mix of businesses and visitor destinations, and marketed with the theme of its Mid -Century architecture and Biscayne Boulevard's important location as the gateway to Miami's downtown; • take remedial action to protect and prevent further physical, economic, and social deterioration of Miami's historic MiMo Biscayne Boulevard, and thereby educate and bring awareness to the community about the value of Miami's historic preservation, while lessening the burden to Miami's government; • disseminate information of and bring awareness to the preservation, history, culture, architecture, and public use of Miami's historic MiMo Biscayne Boulevard; • aid, work with, and participate in the activities of other organization, individuals, and public and private entities located within and outside Miami who are engaged in similar purposes. Minto Business Improvement District Exhibit B BID Steering Committee The MiMo Business Improvement Committee (BIC) was incorporated as a Florida nonprofit corporation in January 2009. Members of the BIC Board have worked to introduce the BID concept to the neighborhood, build support, and develop the proposed BID services, service area, and assessment scheme. The BIC is made up of the following members: President Sinuhe Vega Owner/operator, UVA 69 Restaurant and Lounge Property owner, 6900 Biscayne Vice President Nancy Liebman Historic preservation advocate Secretary Barbara Gimenez Attorney Property owner, 7001 and 7005 Biscayne Treasurer Jocelyne Hider Property owner, 7326 and 7350 Biscayne Executive Director Scott Timm Public historian Other individuals involved in strategic planning and development: City Liaison Marcus James Department of Economic Initiatives City of Miami Consultants Eric Liff and Marc Miller Lambert Advisory Page 2 Minto Business Improvement District Page 3 Exhibit B BID Board of Directors The Board of Directors shall consist of eleven (11) Directors who are representatives of various business interests in the District and, to the extent practical, the members of the Board of Directors shall be representatives of the following groups: • Property owners, not to exceed 60% of the total number of Directors Business owners, not to exceed 40% of the total number of Directors . Two (2) "At Large" Directors Minto Business Improvement District Exhibit B BID Solutions Business Crime and Security Security It has been found in most BID areas that crime *Hiring of additional police patrols has a major impact on business profit. In some *District Ambassadors on the street areas, BIDs have focused purely on the crime *Campaigns to address burglary and issue. Other areas have had it as a key priority. vandalism *CCTV cameras Page 4 Difficulties with Local Transport Infrastructure (including car parking) Destination Marketing/Publicity *Developing events or attractions *District Ambassadors *Weekend late night bus service and support *Night taxi stands *More amenities for pedestrians Absence of Adequate Business Support Organization of late-night shopping and collective festive opening times Low Occupancy Marketing to attract different retail options The above listing represents typical solutions to neighborhoods facing challenges—the MiMo BID may not be able to provide every solution in this table. Minto Business Improvement District Page 5 Exhibit B Additional BID Personnel In addition to the Executive Director, additional personnel will be used to monitor and address issues along the streets: crime, graffiti, litter, code violations, unsafe conditions, etc. These "eyes on the street" will report back to the BID office so that permanent solutions can be arranged. Security Duties include foot/bicycle/automotive patrol of Biscayne and side streets/parking lots, and reporting of other issues to BID office (graffiti, broken windows, large debris, major safety concerns, etc.) and/or to City of Miami Police. Ambassadors Duties include greeting pedestrians, litter cleanup, providing directions, distributing maps, reporting graffiti or other problems to the BID office. AliMo Business Improvement District Exhibit B BID Service Area The MiMo Business Improvement District is defined as all commercial properties consisting of an area of the commercial core of Biscayne Boulevard, specifically: a) All properties abutting Biscayne Boulevard from NE 61 st Street in the south to NE 82nd Street in the north. b) Biscayne Plaza Shopping Center (bounded by NE 79th Street to the South, NE 4th Place to the West, NE 81 st St to the North, and Biscayne Boulevard to the East), including the building fronting on NE 81 st Street [See detail map— North—on page 7] c) Legion Memorial Park. [See detail map—Central—on page 71 EXCLUDED are the properties located on the North side of NE 82nd St. Page 6 Minto Business Improvement District Exhibit B Service Area Detail Page 7 North Central South Minto Business Improvement District Exhibit B BID Budget Summary `-- -_- - -- INCOME YEARN ONE, TWOS 2.1r YEARMr,YEARS THREE ,�rrFOUR' YEAR FIVE Assessments$ Motel $8,842 9 O8 $11,402, $: ,ta 5.-$14,272 Healthcare $1,301 $: 44 $1,59035 $1,879 Office Building $24,775 :$�8.=9 4 $33,033 3' `1 rw $41,292 Parking Lot $9,541 - $13,358 `$ 58 $13,358 Retail $41,957 $` ., y.g $51,281$5 = r 93 $60,605 Vacant Land - $2,348 $3,757 3; $3,757 Municipal $0 $0 Dx $0 Educational - Private $1,1393` $1,595 $1,595 Religious $707 70 $990 , 99D, $990 Mixed Use - Comm $22,878$2 ,_ 2a $27,962 30 O4 $33,046 Mixed Use - Res $19,506$2;.67 $23,841 ` : 26&008` $28,176 Service Station $13,224 4; 9` $16,163 y,. ^6323; $19,102 Nonprofit -- $0 0 $0 p $0 Entertainment - $2,052 80 $2,508 $2 3 $2,964 Page 8 (Other Funding" y TOTAL INCOME $148,271.64 fn79 $187,479 203 365. $221,034924228 t EXPENSES � �. s iz..E ,RXIM Administration Executive Director $50,000 00 $52,0.20 3;060 $54,120 $260200. Bookkeeper $0 $ $0 248; $1,352 Rent $0 $0 0 $0Y 0` Licenses/Fees/Dues $500` $500 $500r 500 $500 $2500 _ ---� Office Equipment $500 ¢ $7 000 $1,000�� $5,000 `$8;OOD: Accounting $5,000 5;000 $5,000 5, 000 $500 $20 500,' -- Directors & Officers Insuranc $1 200 $1,200 i 200 $1,200 $6 DQQ,' - - ---w ' -- - a �: Events/Publicity/Outreach $9,000 10;Q00 $11,0001D,000 $10,000 5D,D00 Printing/Publicity $._.4,000 00 $7,000 x$4n.0�00j $4,000, g} $�?0 Od Miscellaneous $1,579 Z!,88,11 $1,339 1497 $738 $7,236 District Services -r� Security $67,340 6 ; =60° $70,9805 8 .360 $89,544 $38384; Ambassadors $9,152 36 $37,440 3 OD $54,080Zz$158;808' TOTAL EXPENSES $148,271 y:$64�,079 $187,479 x$203,365; $221,034 4 r $924,228 Minto Business Improvement District Exhibit B BID Budget—Year One INCOME Executive Director $148,271 Assessments _ $0 Rent $0 $148,271 Motel 425 rooms x 20.805 $8,842 Healthcare 7,2281sq. feet x 0.180 $1,301 Office Building 206,458! $1,579 0.120 $24,775 Parking Lot 1 _ 190,823 - - - 0.050 ' $9,541 Retail 233,095, 0.180 $41,957 Vacantan 93 9 2 0.025 $2,348 _ - a - Municipal p 9,558 _._..----------_--_-_ 0.000 _ .__ i $0 Educational - Private 22,787 0.050 ! $1,139 Religious l 14,139 0.050 $707 Mixed Use - Comm 127,100 0.180 j $22,878 Mixed Use -Res 108,368, 0.180 ! $19,506 Service Station 73,4681 0.180 _ $13,224 Nonprofit 14,427 0.000 $0 _ Entertainment 11,4001 0.180 $2,052 _Other Funding -- -- - --r- - - - -- - _ .� — -- ---- - [See Note 1 ] _ EXPENSES $148,271 Administration Executive Director $50,000 Bookkeeper _ $0 Rent $0 Licenses/Fees/Dues $500 Office Equipment I $500 Accounting $5,000 Directors & Officers Insurance $1,200 _._... -- ___ __ ___..__. __ _____.- ,__ ....__...... _ Events/Publicity/Outreach _.. - ----.._._. - .. ..._.._._ $9,000 - Printing/Publicity r _... _ ...._._.----------- $4,000 Miscellaneous $1,579 District Services Security $67,340 2 officers x 35 hrs/week x $18.50 Coverage daily from 1:00 am to 6:00 am - - ...... Ambassadors j _..__ ...... 2 employees x 8 hrs/week x $11 Coverage Fridays and Saturdays from 3:00 to 7:00 pm $9,152 Page 9 Minto Business Improvement District Exhibit B BID Budget -Year Two .INCOME $164,079 A s s e s s ments$1 Executive Director 64 07 9 Motel . .......... ..... ----- ---- 425 rooms x - 21.900 $9,308 Healthcare 7,228 sq. footage x 0.200 $1,446 Office Building 206,458 0.140 $28,904 Parking Lot 190,823 0.050 $9,541 Retail 233,095 0.200 1 $46,619 Vacant Land 93,922 0.025 $2,348 Municipal 9,558 0.000 $0 'Educational - Private 22,787 0.050 $1,139 Religious 14,139 0.050 $707 'Mixed Use - Comm 127,100 0.200 $25,420 Mixed Use - Res 108,368 0.200 $21,674 Service Station 73,468 0.200 $14,694 Nonprofit 14,427 0.000 $0 Entertainment 11,400 0.200 $2,280 ,Other Funding $0: EXPENSES $164,079 Administration Executive Director $51,000 Bookkeeper ... ...... . - ------- ------- $0 Rent $0 Licenses/Fees/Dues ------ - ---- -­ - $500 . . ... . ..... ------ ...... Office Equipment $1,000 Accounting $5,000 .Directors & Officers Insurance $1,200 Events/Publicity/Outreach $10,000 .Printing/Publicity $5,000 Miscellaneous $2,083 District Services . . ......... ..... . . - Security ---------- . . .... 9,160 2officers x 35 hrs/week x $19 . .......... ... ....... .. . Coverage daily from 1:00 am to 6:00 am Ambassadors $19,136 2 employees x 16 hrs/week x $11.5 Coverage Monday, Thursday through Saturday from 3:00 to 7:00 pm Page 10 Minto Business Improvement District Exhibit B BID Budget -Year Three INCOME Assessments Motel 425 rooms x 26.828 Healthcare 7,228 sq. footage x 0.220 Office Building 206,458 0.160 --11- _.__.. _ . - -- ----- __... Parking Lot 190,823 Retail 233,095 $187,479'' $11,402 $1,590 $33,033 0.070 $13,358 0.220 1 $51,281 Vacant Land 93,922 0.040 $3,757 Municipal 9,558 0.000 1 $0 Educational - Private 22,787 0.070 $1,595 Religious 14,139 0.070 $990 Mixed Use - Comm 127,100 0.220 j $27,962 Mixed Use - Res 108,368 0.220 $23,841 _ _ Service Station 73,468 0.220 _ $16,163 _ Nonprofit 14,427 0.000 $0 _ Entertainment 11,400 0.220 _ $2,508 Other Funding EXPENSES $187,479'' Administration Executive Director $52,020 Bookkeeper $0 Rent $0 Licenses/Fees/Dues $500 'Office Equipment $1,000 _ ._._._.. __ .._.____ __-- .....-- -_ _-- -_---__._-_ _ _._..____ -_-- Accounting $5,000 ,Directors & Officers Insurance $1,200 Events/Publicity/Outreach $11,000 Printing/Publicity $7,000 Miscellaneous $1,339 District Services Security $70,980 2 officers x 35 hrs/week x $19.5 Coverage daily from 1:00 am to 6:00 am _... _ ._. _ _. ......... __.... .... Ambassadors440 , 3 employees x 20 hrs/week x $12 . Coverage Monday, Thursday through Sunday from 3:00 to 7:00 pm Page 11 AM Business Improvement District Exhibit B BID Budget—Year Four ,INCOME $203,365 Assessments $203,365 Motel ....... . .. 425 rooms x i28.105 Healthcare 7,228 sq. footage x 0.240 $1,735 1 .......... .. . .... ..... .. Office Building 206,458 10.180 ------- $37,162 .......... Parking Lot 190,823 i0.070 $13,3581 Retail . .. . 233,095 . . ... ... !0.240 ------ $55,9431 - - Vacant Land 93,922 �0.04o I $3,7571 Municipal 9,558 10.000 so! Educational - Private 22,787 ;0.070 1 $1,595 Religious 14,139 10.070 j $990 Mixed Use - Comm 127,100 0.240 $30,504 Mixed Use - Res 108,368 0.240 8 :Service Station 73,468 i0.240 $17,632 Nonprofit 14,427 0.000 f $o Entertainment 11,400 10.240 $2,7361 Other Funding $0. EXPENSES $203,3651 Administration Executive Director $53,060 Bookkeeper (2 hours/week x $12) Rent Licenses/Fees/Dues $1,248 $5001 e daily from midnight to 6:00 am . . . . ......... Ambassadors $39,000i 3 employees x 20 hrs/week x $12.5 Coverage Monday, Thursday through Sunday from 3:00 to 7:00 pm Page 12 MiMo Business Improvemert District Exhibit B BID Budget—Year Five INCOME __ _ ..__------_ ._$221,034 Assessments i I.. $221,034 Motel 425 !rooms x 33.580 $14,272 Healthcare 7,228 sq. footage x 0.260 $1,879 Office Building 20614580.200 ----- - Accounting _ _ __ __ 1 $41,292 Parking Lot 190,8231 Events/Publicity/Outreach 0.070 $13,358 - Retail - - 233,0951 ...... - - 0.260 - -- $60,605 Vacant Land 931922 2 officers x 42hrs/week x $20.5 0.040 $3,757 Municipal 9,558 0.000 $0 Educational - Private' 22,7871 0.070 $1,595 Religious ___ 14,139 0.070 $990 ---- Mixed Use - Comm 127,1001 0.260 ---------- I $33,046 -------- Mixed Use - Res -- 108,368— - 0.260 ------------ $28,176 Service Station 73,468] 0.260 $19,102 _ Nonprofit 14,427, 0.000 1 $0 Entertainment 11,4001 0.260 1 $2964 Other Funding $0 EXPENSES $221,034 Administration Executive Director ! $54,121 Bookkeeper (2 hours/week x $13) 1 $1,352 Rent $0 Licenses/Fees/Dues $500 - -- ---------- --- . _.._._.._ :Office Equipment$5,000 ----- - Accounting _ _ __ __ $500 Directors & Officers Insurance $1,200 Events/Publicity/Outreach $10,000 Printing/Publicity $4,000 Miscellaneous $737 District Services _ _- Security $89,544 2 officers x 42hrs/week x $20.5 Coverage daily from midnight to 6:00 am - ..... Ambassadors$54,080 4 employees x 20 hrs/week x $13 _ _...-.._--- - Coverage Monday, Thursday through Sunday from 3:00 to 7:00 pm Page 13 Minto Business Improvement District Exhibit B Budget Notes Page 14 Note 1 Although the budget has not included any additional sources of revenue, we intend to pursue additional funds, including (but not limited to) occupational license fees, streetlight banner fees, parking revenue, for- profit special event fees, corporate support, and individual contributions. Note 2 Staffing hours for security and ambassadors represent desired levels of service. Total number of hours and days/times may shift slightly to better serve the needs of the BID. Note 3 The budget does not include any contingency for loss of revenue due to non-payment of assessment by property owners. We intend to work with, and look to guidance from, Miami -Dade County tax officials to mitigate the impact of any potential delinquencies. Note 4 While a slight annual increase in the assessment rates has been included in the budget (see page 17), rates for the Parking Lot, Educational, and Religious categories will be held steady for the first two years, and then rise in Year Three. This rate then remains steady for years Three—Five. This has been done to help these folios better manage the impact of the assessment.