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HomeMy WebLinkAboutExhibit 2Minto Business Improvement District MiMo Business Improvement Committee 7108 Biscayne Blvd, Suite 102 Miami FL 33138 Vex ��i-3-1 K MiMo Business Improvement District Exhibit B Mission Page 1 The MiMo Business Improvement Committee (MiMo BIC) is incorporated as a Florida nonprofit corporation to: • create a business improvement district (BID) that will revitalize Miami's historic MiMo 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 MiMo 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 + One Director shall be drawn from property owners who own, across all folios included in the BID, more than 45,000 square feet of property as assessed • Business owners, not to exceed 40% of the total number of Directors • Two (2) "At Large" Directors MiMo Business Improvement District Exhibit B BID Solutions Page 4 Difficulties with Local Transport Destination Marketing/Publicity Infrastructure *Developing events or attractions (including car parking) •District Ambassadors *Weekend late night bus service and support *Night taxi stands *More amenities for pedestrians Poor Environmental Conditions Sanitation Services I I ICU] uci icuauc) JGU Ll aai i P]Ur\UF .. *Hiring,additional sanitation employees Absence of Adequate Business Support Low Occupancy Organization of late-night shopping and collective festive opening times leighbonnig Destination Marketing/Publicity 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. Minto Business Improvement District Page 6 Exhibit B BID Boundary The MiMo Business Improvement. —tEs82nTarrsc District is defined as the f zC�t~dt commercial properties abutting Biscayne Boulevard from NE 61st-tFt�t Street in the south to NE 82nd, Street in the north. "' r INCLUDED are the properties located on the south side of NE 61 st Street. int,-7#� EXCLUDED are the properties located on the north side of NE 2Or 82nd St. - Please refer to Exhibit C for the OP fi=hE complete list of folios included. r1 E s E =16fth,.St-7 € &b4th,81' n NFAl _z NE_Mh Minto Business Improvement District Exhibit B BID Boundary Detail Page 7 North Central South Mo Business Improvement DistTlGt Page 8 Exhibit B BID Budget Summary YEAR YEAR YEAR1 YEAR YEAR ONE TWO THREE FOUR FIVE TOTAL' INCOME Assessments Motel $9,050 $9,527 $11,670 $12,226 $14,607 $57,080 Healthcare $1,301 $1446 $1,590' $1,735 $1,879 $7,951 Office Building $24,775 $28,904; $33,033 $37,162 $41,292 $165,166' Parking Lot $9,541 $9,541` $13,358 $13,358 $13,358 $59,155 Retail $44,468 $49,409 $54,349 $59,290 $64,231 $271,747' Vacant Land $2,348 $2,348 $3,757 $3,757 $3,757 $15,967 Municipal $0 - $0, $0 $0 $0 $0' Educational - Private $1,139 $1,139 $1,595; $1,5.95' $1,595 $7,064 Religious $707 $707 ..__ ..... $990 $990 ._..... ..... $990 _.. $4,383 Mixed Use - Comm $22,878 ", $25,420; $27,962 $30,504 $33,046 $139,810' ........... ...... .......... .. .........._. Mixed Use - Res $5,871 $6,523 ._.._ . $7,176' $7;828 ..___.... .. $8,480 _ .: $35;878' Service Station $13,224 $14,694 $16,163 $17,632 $19,102 $80,81,5; _ ....._....... Nonprofit _ _._ .. $0 $0 $0 $0 $0..... __ _. Entertainment $2,052 $2,280 $2,508` $2;736 $2,964 $12;5401 . ... , . . .._._. Multi Family Apartments _ $0 $0 $0" $0' $0 $0 :Other Funding __ . TOTAL INCOME$137,355 $151,937! $174,151' $188,813 $205,301 $857,555: ........... EXPENSES ............... __ ...... _ _ Administration ......... Executive Director .. $50,000 $51,000 ... $52,020 . $53,060' ........ . $54,120 $260,200 Bookkeeper _ $0 $0 $0 .. $1;248 $1,248 .. $2,496'. Rent $0 $0 $0 ;' $0 $0-$0 Licenses/Fe . ......... ... Office Equipment .......... $1,500 $500 $500 ....... $500 $500. $31500' :Accounting $4,000 $4,000$4,000, $4;000 $4,000 $20,000; Directors & Officers Insurance $1,200. $1,200 $1,200 $1,200 $1,200. $6,000 Events/Publicity/Outreach _ .._ ._ $6,000 $4,000 $6,000:' _ _ $4;000 __. $5,000 _.......... $25,000' Printing/Publicity$6,000 .__ ............ .......__ _ $4,500 $5,500`' $4,000 $3,000 _ $23,000' _ Miscellaneous ..._... $685 $333' $691 ' $185 $689 $2,583. District Services Security$60,606 ...... $69,160 $70,980 $87,360 $89,.544 ..: $377,650. Ambassadors $6,864 $16,744 $32,760; $32,760 $45,500 $1341628 TOTAL EXPENSES $137,355 :$151,937: $174,151,;$1.88,81:3 $205,301L $857;555', Minto Business Improvement District Exhibit B BID Budget Year One INCOME $137,355 Page 9 Assessments $137,355 $137,355 Motel 435 rooms x 20.805 $9,050 Healthcare 7,228 sq. feet x 0.180 $1,301 Office Building 206,458 0.120 $24,775 Parking Lot 190,823 0.050 $9,541 Retail 247,043 0.180 $44,468 Vacant Land 93,922 0.025 $2,348' I 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 0.180 $22,878 Mixed Use - Res 32,616' 0.180 $5,871 _ _. ..... Service Station 73,468 _ 0.180 $13,224 ......... _...... ....... Nonprofit ......... .. ............ 14,427' 0.000 _.. $0 _ ... _ ....._._ Entertainment 11,400 0.180 $2,052' _....__... Multi -Family Apts ... 6,724 0.000 $0' Other Funding [See Note 1 _..... .. _..._... .... EXPENSES $137,355 :Administration ............... 'Executive Director $50,000! Bookkeeper$0' ............ ....... _._. Rent $0' Licenses/Fees/Dues $500 _. ..... ........... .; ......_.._ ......... Office Equipment ._........... ....._. __ . _ $1,500 Accounting $4,000 daily from 1:30 am to 6:00 am Ambassadors 2 employees x 6 hrs/week x $11 ... .. ....... . ...... _._... ........ _........ Coverage Fridays and Saturdays from 4:00 to 7:00 pm ...... _. _ ._....__.. ......... . . MMo Business Improvement DistriGt Exhibit B BID Budget—Year u �N�Year 0wo MotelINCOME $151,937 � 435noon�sx 21.900 $Q F---���-�-- -- --1-------------------- ! Healthcare 7 0.200 $1446 | /{JfficaBUi|ding' 206.458 0.140 $28,H04 .Parking Lot 190,823 0.050 $9,541 Retail 247,043 0.200 $49,409 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 32,616 0.200 $6,523 Service Station 73,468 0.200 $14,694 Nonprofit 14,427 0.000 $0 Entertainment 11,400 / ,EXPENSES ministration Executive Director / $51,000 $O! $151,937� Rent dailyLicenses/Fees/Dues $D $500 :Office Equipment $500 Accounting $4,000 Directors & Officers Insurance $1,200 :Events/Publicity/Outreach $4,000 Printing/Publicity $4,500 Miscellaneous $333 District Services ..Security $69,160 :2 officers x 35 hrs/week x $19 Ambassadors Coverage Monday, Thursday through Saturday from 3:30 to 7:00 pm Minto Business Improvement District Exhibit B BID Budget—Year Three INCOME $0 _ Licenses/Fees/Dues _............._ $174,151 Office Equipment . __._.. .._.... _ 1111 .1111 _. .._._... ....__..... $500 Accounting _ _....... _ _ ........ ........ $ 4,000 1111.. _ 1111. Assessments $1,200 1111 _ 1111. _ 1111 _ _ Events/Publicity/Outreach __. _ _........ ........1.1 ._ $174,151 Motel 435 rooms x 26.828 $11,670 Healthcare 7,228 sq. footage x 0.220 $1,590 1111_ 1111.._ _ Office Building 1111 _._ 206,458 0.160 - $33,033 Parking Lot 190,823 0.070 $13,358 1:111.. 1111. 1111. 1111: Retail _.. _. 247,043 _ 0.220 1111 $54,349 Vacant Land 93,922 0.040 $3,757 1111. _ Municipal _ 9,558 0.000 _ __ 1111 $0 Educational - Private 22,787 0.070 $1,595 1111_ 1111.. Religious _. 1111. _ 14,139 _ 0.070 1111__ 1111 _ $990 Mixed Use - Comm _ .. 127,100 _._ _ _ 0.220 $27,962 _. Mixed Use - Res 1111. _.. 32,616 1111.. 1111.._ _........_ 1111.. 0.220 $7,176 1111 Service Station 1111_ 1111. 73,468 1111. _.: 0.220 _. $16,163 Nonprofit _ 14,427; 1111._. 0.000 _ _ 1111.__ 1111. _ $0' 0.220 724 0.000 $0 _ ........ _ _...._.._ 1111.._ Administration Executive Director $52,020 _ Bookkeeper $0ii ....__.. __. __. ..__ 1111... $0 $174,151 Rent ... $0 _ Licenses/Fees/Dues _............._ $500 Office Equipment . __._.. .._.... _ 1111 .1111 _. .._._... ....__..... $500 Accounting _ _....... _ _ ........ ........ $ 4,000 1111.. _ 1111. Directors & Officers Insurance $1,200 1111 _ 1111. _ 1111 _ _ Events/Publicity/Outreach __. _ _........ ........1.1 ._ _ _ _ _ $6,000' .... ..1111... _...... _ 1111_ ........ Printing/Publicity 1111 _ $5,500' Miscellaneous $691 District Services 2 officers x 35 hrs/week x $19.5 .........1111. .._..... Coveraae daily from 1:00 am to 6:00 am Ambassadors 17.5 1111.. 1111. _. 3 employees x 17.5 hrs/week x $12 _....... . ......_._............... ......._...... ...... ..............._......._.1.._.1.11__ ...... .... ... Coverage Monday. Thursdav throuah $70 from 3:30 to 7:00 M Page 11 Minto Business Improvement District Exhibit B BID Budget—Year Four INCOME $188,813 Assessments $188,813 Motel 435 rooms x 28.105 $12,226 Healthcare 7,228 sq. footage x 0.240 $1,735 Office Building 206,458 0.180 $37,162 Parking Lot 190,823 0.070 $13,358 Retail 247,043 0.240 $59,290 Vacant Land 93,922' 0.040 $3,757 Municipal 9,558 0.000 $0 Educational - Private 22,787 0.070 $1,595 ...... __. Religious 14,139 0.070 _.__. ........ $990 Mixed .. ...__... Mixed Use - Res _ ..... _._ 32,616' 0.240 _ $7,828 Service Station 73,468 0.240 _..__. $17,632 __.. ..... _..... _..... __.... _..._.... Nonprofit _ .......... .. _... _ 14,427 ...... _.. _-... .................. 0.000 $0 _ __ ..... ._._... Entertainment 11,400: 0.240 .._........... _.:. $2,736 __.... _..__ _ Multi -Family Apts ........... ............ 6,724: ........... ._...._..... 0.000 ...._._. _ .._... $0' ... Other Funding $0 .... _ EXPENSES $188,813 $0 $500 $500 $1,200 $4,000 $4,000 $185 ........_.........._ .............................._. District Services _.... Security..._ . $87,360 _ .. _. _ _ ......._ _. _ 2 officers x 42 hrs/week x $20 Coveraae dailv from midniaht to 6:00 am Ambassadors $32,760 _....... 3 employees x 17.5 hrs/week x $12 ... .. . ....... ...... ........ _...... .......... ......... ....... ...... .. ......... ... Coverage Mondav, Thursday through Sunday from 3:30 to 7:00 pm Page 12 AM Business hupmemeTit District Edit B BID Budget Year Five INCOME $205,301 Assessments $205,301 Motel 435 rooms x 33.580 $14,607 Healthcare 7,228 sq. footage x 0.260 $1,879 'Office Building 206,458 0.200 $41,292 Parking Lot 190,823 0.070 $13,358 Retail 247,043 0.260 $64,231 Vacant Land 93,922 0.040 $3,757 Municipal 9,558 0.000 $0 Educational Private 22,787 0.070 $1,595 Religious 14,139 0.070 $990 Mixed Use - Comm 127,100 0.260 $33,046 Mixed Use - Res 32,616 0.260 $8,480 Service Station ........ . . . . ..... ....... . ... ....... 73,468 0.260 $19,102 Nonprofit 14,427 .. ............ 0.000 $0 Entertainment .......... ..... ­ ..... ....... - .. ...... .. 11,400 .. ......... .. .... ...... 0.260 ..... ..... . . ... $2,964 Multi -Family Apts 6,724: 0.000 $0 ..... ..... . . ...... 1 1-1.1-- ... ........... ... ...... .... .Other Fundina EXPENSES Administration $0 $205,301 Executive Director $54,120 Bookkeeper (2 hours/week x $12) $1,248 Rent $0 Licenses/Fees/Dues $500 - ...... .... Office Equipment Accounting Directors & Officers Insurance Events/Publicity/Outreach . .... ...... - Printing/Publicity Miscellaneous District Services �Security :2 officers x 42 hrs/week x $20.5 .... ..... .. .- .. ..... ..... .Coverage daily from midnight to 6:00 am ......... ....... . ...... .. .. Ambassadors .......... . .... ........... . ... ....... ........ . ... .. ... ... . 4 employees x 17.5 hrs/week x $12.5 Coverage Mondav, Thursdav through Sun $500 $4,000 $1,200 $5,000 . . ........... $3,000 $689 $89,544 from 3:30 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.