Conservation FInance Feasibility Study for Doral, Florida

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CONSERVATION FINANCE FEASIBILITY STUDY | DECEMBER

2017

City of Doral, Florida

PHOTO PROVIDED BY THE CITY OF DORAL


CITY OF DORAL, FLORIDA | CONSERVATION FINANCE FEASIBILITY STUDY | AUGUST 2017

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THE TRUST FOR PUBLIC LAND :: CONSERVATION FINANCE DEPARTMENT


CITY OF DORAL, FLORIDA | CONSERVATION FINANCE FEASIBILITY STUDY | DECEMBER 2017

Table of Contents

Introduction

4

Executive Summary

5

Overview

6

Background on Doral

6

Governance

6

Fiscal Status

7

Florida History of Conservation Finance

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Revenue Options for Doral

8 8

General Obligation Bonds Bonds with Additional Property Tax Authority for Operations

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Proposed Additional Homestead Exemption

12

Voter registration

12

Election history

13

Appendices

14

Appendix A: Florida Municipal Measure History

15

Appendix B: Parks & Rec Strategic Priorities

16

This feasibility study is not a legal document and should not be relied upon as a legal opinion.

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CITY OF DORAL, FLORIDA | CONSERVATION FINANCE FEASIBILITY STUDY | DECEMBER 2017

Introduction The Trust for Public Land is a national nonprofit land conservation organization that creates parks and protects land for people, ensuring healthy, livable communities for generations to come. In Florida, the Trust for Public Land has protected more than 165,000 acres of waterfront, greenways, archaeological sites, and key wildlife habitat areas, and has assisted with funding and acquisition of many parks, trails, and historic sites. To help public agencies or land trusts acquire land, the Trust for Public Land’s Conservation Finance program assists communities in identifying and securing public financing. The Trust for Public Land offers technical assistance to elected officials, public agencies and community groups to design, pass and implement public funding measures that reflect popular priorities. Since 1996, The Trust for Public Land has been involved in 527 successful ballot measures and twenty successful legislative campaigns that have created $68 billion in new funding for parks, land conservation, restoration, and more.1 Voters have approved 81 percent of the ballot measures supported by the Trust for Public Land. This includes 28 of 35 measures in Florida that went to ballot since 1996, including the municipalities of Ormond Beach in 2010 and Tavares, Florida in 2012. Most recently in Florida, The Trust for Public Land supported three county measures: Alachua County, Brevard County, and Lee County, all of which passed in 2016.2 Funding parks and conservation priorities is a very tangible step communities take to improve quality of life, guide land use, manage growth, provide recreation amenities, and protect natural landscapes and critical ecosystems. This study provides an analysis of a potential public finance mechanism available to the City of Doral to fund parks, recreation, and natural areas. This research provides a fact-based reference document that can be used to evaluate a possible general obligation bond measure from an objective vantage point.3 The report does not directly address prioritizing park or recreation amenities, as the City of Doral has undertaken separate efforts in this regard. As a next step, The Trust for Public Land recommends conducting a public opinion survey that tests ballot language, tax tolerance, and program priorities of voters in the City of Doral.

1

The Trust for Public Land, Conservation Finance program. The Trust for Public Land, LandVote, www.landvote.org Totals for conservation funds approved. Total funds approved equal to $47.2 billion. 3 The contents of this report are based on the best available public information at the time of research and drafting, August-September 2017. This feasibility study is not a legal document and should not be relied upon as a legal opinion. 2

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CITY OF DORAL, FLORIDA | CONSERVATION FINANCE FEASIBILITY STUDY | DECEMBER 2017

Executive Summary At the request of the Doral City Council, The Trust for Public Land has undertaken a feasibility analysis to explore public funding options to provide parks and recreation facilities. In order to understand what would be an appropriate funding source or sources, this report first briefly delves into the city background, including its fiscal status and parks priorities. Next, the report analyzes possible alternatives for funding the creation and improvement of parks including allowable rates and limits, implementation procedures and revenue raising capacity. Finally, since most revenue options require approval by voters, this report provides pertinent election information, such as voter turnout history and election results for local finance measures. In Florida, local government funding for parks and land conservation has primarily taken the form of budget appropriations, property taxes, general obligation bonds backed by property taxes, and local option sales taxes. This study focuses on the options that present the best opportunities for funding parks and recreation in the City of Doral, which are as follows: Bonding. The city could issue a general obligation bond for parks and conservation purposes and levy property taxes to pay the debt service. A $60 million bond, for example, would add approximately $3.5 million to the city’s annual debt service and would cost the average homeowner roughly $52 per year over the life of the bond (30 years). Bond proceeds are limited to capital projects and may not be used for operations and maintenance purposes.4 The city council must submit the question of a bond issue to the voters. Bond and Mill Levy. A single ballot question may authorize bonding authority and a millage levy; the excess levy can be used for operations and maintenance. The mill levy must be within the city’s 10-mill cap. A 0.40 mill levy, for example, would generate approximately $4.6 million annually at a cost of roughly $73 a year to the average homeowner in the city. A $60 million bond would require about $3.5 million of this annual revenue stream, leaving $1.1 million to support parks operations and maintenance. Voter approval is required. Next steps should include matching the funding options to the needs of the city to support parks and recreational needs and testing voter attitudes toward a specific set of funding proposals. The Trust for Public Land recommends conducting a public opinion survey that tests ballot language, tax tolerance and program priorities of voters in Doral.

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Federal IRS rules governing the issuance of tax-exempt bonds limit the use of proceeds to capital purposes such that only a small fraction of bond funds may be used for maintenance or operations of facilities. State and local laws may further limit the use of bond proceeds. THE TRUST FOR PUBLIC LAND :: CONSERVATION FINANCE DEPARTMENT

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CITY OF DORAL, FLORIDA | CONSERVATION FINANCE FEASIBILITY STUDY | DECEMBER 2017

Overview5 Background on Doral The City of Doral, incorporated in 2003, is one of thirty-four municipalities in MiamiDade County, Florida. Doral was dubbed the fastest growing big city in Florida and the 11th fastest in the country according to US Census data analyzed by the Florida International University’s Metropolitan Center. During the period from 2010 to 2016, the city grew by about 12,000 people, from a population of about 46,000 in 2010, to roughly 58,000 today. The city has become popular for international buyers, big businesses and real estate developers. The median price of homes currently listed in Doral is about $398,000, compared to the median of $380,000 in Miami-Dade County. The median rent price in Doral is $2,300, which is higher than the Miami-Fort Lauderdale Metro median of $1,990, according to Zillow. Median income for Doral households in 2015 was $72,933, significantly higher than the county median of $43,129, according to the U.S. Census Bureau’s 2011-2015 American Community Survey.6 The City of Doral Parks and Recreation Department operates and maintains seven parks, with an eighth park underway. From 2016-2017, the City conducted a long-range planning process to

identify potential needs – both capital and operational – to support the city’s ever-growing parks and recreation system. The planning process revealed that the city’s greatest needs were for additional park space, indoor recreation space, and aquatics facilities. A key recommendation resulting from this planning process was for the re-development of Doral Central Park. Central Park is envisioned to be integrated with the city’s first outdoor aquatics center. The park is envisioned to also include: multiple sports fields and courts; a dog park; skate park; performance pavilion; natural areas; trails; and water access.

Governance The City of Doral is a charter city operating under a Mayor-Council-Manager form of government. Policymaking and legislative authority are vested in a governing council consisting of the Mayor and four Council members. The Council is responsible, among other things, for adopting ordinances and resolutions, adopting the annual budget, appointing the City Manager, City Attorney and City Clerk. The City Manager is responsible for carrying out the policies and directives of the Council, for overseeing the daily operations of the government, and for appointing the heads of various departments. Council members are elected at-large to four-year terms.

5 This section is largely excerpted from city documents available online including the City of Doral FY 2018 Proposed Budget and the Parks System Master Plan. 6 Sources: Florida International University’s Metropolitan Center. Portions excerpted from: http://www.miamiherald.com/news/local/community/miami-dade/doral/article154165974.html#storylink=cpy

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CITY OF DORAL, FLORIDA | CONSERVATION FINANCE FEASIBILITY STUDY | DECEMBER 2017

City council members are shown in the table to the right. Seats 2 and 4 are up for election in November 2018.

Fiscal Status

Doral Mayor and City Council Name

Seat

Term Expires

Claudia Mariaca

1

2020

Pete Carbrera

2

2018

Christi Fraga

3

2020

Ana Maria Rodriguez, Vice Mayor

4

2018

Juan Carlos Bermudez, Mayor

2020

The city offers a wide range of services, including police protection, public works maintenance, a full service building department, planning and zoning, parks and recreation and stormwater services. Educational services are provided through the county school system. Miami-Dade County provides for libraries and fire and rescue service. City Manager Edward Rojas’ 2017 Budget Message reports another year of “enviable” economic growth. Since its incorporation in 2003, the city has doubled its population making it one of the fastest growing cities in the country. The current population of roughly 58,000 is expected to grow to 72,000 by 2020. The city’s current Standard & Poor’s bond rating is a very strong AA. As of September 30, 2016, the city’s debt for Governmental activity totaled approximately $37,027,605. This represents an increase of approximately $12 milion over the last year’s total debt of $24,822,573. The increase is attributable to the pension liability. The city issued $21,250,000 of capital improvement revenue bonds in 2006 to finance the acquisition of land for city parks and for improvements to Doral Park and Doral Meadows Park. All bonded indebtedness is in the form of revenue bonds. 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 tax levy of the city is set by the city council and the county property appraiser incorporates the city’s millage into the total tax levy, which includes the county and the school board tax requirements. The millage rate assessed by the city for the fiscal year ended September 30, 2016 was 1.90 mills. The city millage rate has decreased steadily since Fiscal Year 2011 when the rate was 2.476. Doral has a relatively low millage rate for full service municipalities in Florida. The Parks and Recreation adopted budget for FY 2017-18 totaled $5.7 million, which represents roughly 10 percent of the city total general fund budget. A detailed list of Parks and Recreation priorities is included in Appendix B. THE TRUST FOR PUBLIC LAND :: CONSERVATION FINANCE DEPARTMENT

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CITY OF DORAL, FLORIDA | CONSERVATION FINANCE FEASIBILITY STUDY | DECEMBER 2017

Florida History of Conservation Finance The State of Florida authorizes local communities to Florida Local Conservation Measures use various revenue sources for parks and recreation 1996-2016 by Mechanism purposes including property taxes, sales taxes, Finance # of Measures # Passed % Passed general obligation bonds, and the creation of special Mechanism Sales tax 21 13 62% districts. Voters approved 81 percent of local Property tax 9 7 78% conservation finance measures (68 of 84) on the Bond 52 46 88% ballot in Florida between 1996 and 2016. General Other* 2 2 100% obligation bonds are the most popular public finance Totals 84 68 81% mechanism for parks and conservation. The table to *Budget allocations Source: The Trust for Public Land, LandVote database the right illustrates the number and type of park and conservation finance measures that have gone before voters over the past 20 years.

Revenue Options for Doral A range of public funding mechanisms that could be used for parks and land acquisition in the City of Doral is presented below.

General Obligation Bonds Florida municipalities are authorized to issue debt for capital improvement purposes including parks and open space in the form of general obligation (G.O.)bonds. The state statutes do not place specific limits on the amount of debt that can be incurred by a community, but do limit the duration of the bonds to a period not exceeding 40 years. When bonds have been issued, the governing body must levy annually a tax upon taxable property in the jurisdiction sufficient to pay the debt service and interest on the bonds. Issuing G.O. Bonds for Parks The table to the right illustrates the debt service and millage required for bond amounts that could be issued for parks, recreation, and natural areas in the City of Doral. For example, a bond issue for $60 million would add roughly $3.5 million to the city’s annual debt service and cost the typical homeowner7 an average of $52 per year in additional property taxes.

Bond Financing Costs for Doral 30-year Bond Issues at 4.0% Interest Rate Total Taxable Value = $12 billion Annual Mill Levy Bond Issue Size Debt Svce Increase

Cost/ Year/ Avg. Residential

60,000,000

$3,469,806

0.289

$52

75,000,000

$4,337,257

0.361

$66

100,000,000

$5,783,010

0.481

$87

125,000,000

$7,228,762

0.601

$109

150,000,000

$8,674,515

0.722

$131

Source: Miami Dade County Property Appraiser 2017 Prelim. Tax Roll Median homestead residential taxable value $181,567.

7 The typical homeowner is defined using the median homestead residential taxable value from the Miami Dade County Property Assessor. The Trust for Public Land utilizes the median value as opposed to the mean average to mitigate the potential effect of small numbers of very high value properties on the average.

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THE TRUST FOR PUBLIC LAND :: CONSERVATION FINANCE DEPARTMENT


CITY OF DORAL, FLORIDA | CONSERVATION FINANCE FEASIBILITY STUDY | DECEMBER 2017

The Trust for Public Land’s bond cost calculations provide a basic estimate of debt service, tax increase, and cost to the average homeowner in the community of potential bond issuances for parks, recreation, and land conservation. Assumptions include the following: the entire debt amount is issued in the first year and payments are equal until maturity; 30year maturity; and four percent interest rate. The property tax estimates assume that the jurisdiction would raise property taxes to pay the debt service on bonds, however other revenue streams may be used. The cost per household represents the average annual impact of increased property taxes levied to pay the debt service. The estimates do not take into account growth in the tax base due to new construction and annexation over the life of the bonds. The jurisdiction’s officials, financial advisors, bond counsel and underwriters would establish the actual terms of any bond. Enactment procedures The Doral City Council must call a referendum election prior to the issuance of general obligation bonds.8 There must be at least 30 days’ notice published in the local newspaper of general circulation.9 Bond elections may be held concurrently with any general or primary election.10 Bonds must be approved by a majority of city voters voting in the election (50% plus 1). If any bond order fails at referendum, no other referendum for the approval of bonds for the same purpose may be called for at least six months. The City of Doral will hold a general election on November 6, 2018. Voters will elect two council members at this election. The deadline for submitting a resolution or ordinance to the Miami-Dade County Department of Elections is August 7, 2018 for the November 2018 election. This includes any questions that the city may want to place on a ballot.11 In any special election or referendum not otherwise provided for there shall be at least 30 days’ notice of the election or referendum by publication in a newspaper of general circulation in the city. The publication shall be made at least twice, once in the fifth week and once in the third week prior to the week in which the election or referendum is to be held. Ballot Language

The ballot for bond referenda must be printed on plain white paper with a description of the bonds to be voted on as prescribed by the local government calling the vote. A separate statement of each issue of bonds to be approved, giving the amount of the bonds and the interest rates, and “other information necessary to inform the voters,” must also be on the

8

F.S. § 100.201. F.S. § 100.342. 10 F.S. § 100.361. 11 Email communication from Connie Diaz, city clerk, City of Doral, 8/31/17. Note that per F.S. §100.151 “…the governing authority of a municipality shall not call any special election until notice is given to the supervisor of elections and his/her consent obtained as to a date…” Once approval is obtained from the supervisor of elections, the resolution and/or ordinance to call a special election must be passed to meet the appropriate deadline. 9

THE TRUST FOR PUBLIC LAND :: CONSERVATION FINANCE DEPARTMENT

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CITY OF DORAL, FLORIDA | CONSERVATION FINANCE FEASIBILITY STUDY | DECEMBER 2017

ballot. The body of the measure must not exceed 75 words in length. The ballot title shall consist of a caption, not exceeding 15 words in length, by which the measure is commonly referred to or spoken of.12 This information must be followed by the choices: “For Bonds” and “Against Bonds.”13

Bonds with Additional Property Tax Authority for Operations A single ballot question may authorize bonding authority and a millage levy, the excess of which can be used for operations and maintenance. The portion of the voted millage necessary to pay debt service must be treated as debt service millage and the excess portion must be treated as general millage. The portion treated as general millage must be included within the millage levied under the county or municipal 10-mill limitation.” The statutory authority comes from F.S. 200.18:

“200.18 Bond payments; tax levies; restrictions.— (1) None of the provisions of this chapter or of any other law, whether general, special or local or of the charter of any municipality or county, shall limit or restrict the rate or the amount of the ad valorem taxes levied for the payment of the principal of and the interest on any debt service whether secured by revenue certificates or by bonds for which the full faith and credit of any county, municipality or taxing district may be pledged, and such taxes shall be in addition to all other taxes authorized or limited by law. (2) Nothing in this section shall prevent any municipality, county or school board from levying at least 5 mills of ad valorem tax during any fiscal year. (3) A county or municipality may levy voted millage at the maximum millage rate approved by referendum even if the levy would raise revenue in excess of that necessary for debt service as authorized by a vote of the electors pursuant to s. 12, Art. VII of the State Constitution. The county or municipality may use the surplus revenue for any lawful purpose solely related to the capital project for which the voted millage was approved, including operations and maintenance. For purposes of this chapter, the portion of the voted millage necessary to pay debt service must be treated as debt service millage and the excess portion must be treated as general millage. The portion treated as general millage must be included within the millage levied under the county or municipal 10-mill limitation.”

12 13

F.S. § 101.161. F.S. § 100.341.

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THE TRUST FOR PUBLIC LAND :: CONSERVATION FINANCE DEPARTMENT


CITY OF DORAL, FLORIDA | CONSERVATION FINANCE FEASIBILITY STUDY | DECEMBER 2017

Examples of bonds and operations backed by property tax Voters in Miami-Dade County used this authority and approved an ad valorem tax of 0.075 mills for a two-year period from 1990 to 1992 to fund the acquisition, protection and maintenance of environmentally endangered lands. A total of $90 million was raised for land acquisition. The county established an Environmentally Endangered Lands (EEL) program to administer the funds and set aside $10 million of the $90 million to pay for site management. Each year, the interest from this $10 million is used to secure, restore, and care for the sites acquired by the EEL program. Additional examples include: 1. November, 2000 bond to fund Alachua County Forever, Alachua County, Florida

Shall Alachua County be authorized to issue bonds to acquire, improve, and manage environmentally significant lands to protect water resources, wildlife habitats and natural areas suitable for recourse-based recreation in one or more series not exceeding a total principal amount of $29,000,000 payable from an annual ad valorem tax not exceeding one-quarter of one mill maturing not later than 20 years and bearing interest at a rate not exceeding the maximum legal rate? Passed with 62%

Our understanding is that the county has levied the full 0.25 mills for 17 years, though not all of that was necessary to repay the bonds, using their general budgetary authority. This has funded staff and also land management activities. 2. November, 2006 bond in Collier County, Florida

CONSERVATION COLLIER: ACQUISITION AND MANAGEMENT OF ENVIRONMENTALLY SENSITIVE LANDS, WATER RESOURCES LANDS, PUBLIC OPEN SPACE SHALL COLLIER COUNTY CONTINUE TO ACQUIRE, PRESERVE AND MANAGE ENVIRONMENTALLY SENSITIVE LANDS FOR THE PROTECTION OF WATER RESOURCES, WILDLIFE HABITAT, AND PUBLIC OPEN SPACE BY CONTINUING TO LEVY ONE QUARTER OF ONE MIL IN AD VALOREM TAXES THROUGH THE YEAR 2013, AFTER THE $75 MILLION DOLLAR BOND ISSUE AUTHORIZED BY REFERENDUM IN NOVEMBER 2002 FOR SUCH ACQUISITION AND MANAGEMENT HAS BEEN SPENT? Passed with 82%

This was fundamentally a straw ballot to assess whether voters would support the Commission using its budgetary authority to raise the property tax by 0.25 mills to continue to purchase and manage land. Collier County is currently considering putting a similar question back on the ballot in November 2018. The Trust for Public Land is providing some assistance to Collier County in this effort. 3. November, 2008 Bond in Flagler County

Flagler County, Florida Clean Water and Environmentally Sensitive Land Preservation Clean Water and Environmentally Sensitive Land Preservation

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CITY OF DORAL, FLORIDA | CONSERVATION FINANCE FEASIBILITY STUDY | DECEMBER 2017

To continue to acquire and improve land to protect drinking water sources, preserve wildlife habitat and environmentally sensitive lands, reduce risk of wildfires, improve water quality of lakes, streams and the Intracoastal Waterway, and seek matching funds, shall Flagler County be authorized to levy 0.25 mill ad valorem tax for twenty years and issue bonds not exceeding $40 Million at interest rates not exceeding the legal maximum, subject to an annual independent audit? Passed with 65%.

Imposing a mill levy with bond authority The table to the right illustrates the revenue potential from levies ranging from 0.30 mills to 1.50 mills. A 0.40 mill levy, for example, would generate approximately $4.6 million annually at a cost of roughly $73 a year to the average homeowner in the city. A $60 million bond would require roughly $3.5 million of this annual revenue stream, leaving $1.1 million to support parks operations and maintenance.

Estimated Revenue & Costs of Property Tax Increase City of Doral Mill Levy Increase

Total County Taxable Valuation

Annual Revenue

Cost/Avg. Homeowner

0.30

$12,022,000,000

$3,426,270

$54

0.40

$12,022,000,000

$4,568,360

$73

0.50

$12,022,000,000

$5,710,450

$91

1.00

$12,022,000,000

$11,420,900

$182

1.50 $12,022,000,000 $17,131,350 $272 Source: Miami Dade County Property Appraiser, 2017 Preliminary Tax Roll Assumes 95% collection rate. Median homestead residential taxable value = $181,567.

Proposed Additional Homestead Exemption In 2017, the Florida legislature approved House Joint Resolution 7150 that, if approved as a constitutional amendment, will provide homeowners with an additional $25,000 homestead exemption on properties with assessed values greater than $100,000. If Florida voters approve the constitutional amendment during the November 2018 election, a $75,000 homestead exemption will apply to qualifying properties beginning in 2019.14 If this measure passes, it will likely impact the millage requirements, revenue, and cost estimates presented in the bond and property tax sections of this report. The county property appraiser has provided a preliminary estimate of the impact showing a revenue loss of $282,269 to the City of Doral annually.15 City of Doral Voter Registration

Voter registration As of September 5, 2017, Doral has 22,987 total registered voters. Nearly half of city voters are not affiliated with a major political party and 77 percent are Hispanic.16

Party Democrat Republican Unaffil/Other

Percentage 30%

# Voters 6,925

22% 48%

5,083 10,979

100% 22,987 Total Source: Miami Dade County Supervisor of Elections website, 9/5/17.

14

Miami-Dade County Property Appraiser, “New Homestead Exemption (HJR 7105) FAQs,� http://www.miamidade.gov/pa/library/new-homestead-exemption-faq.pdf 15 Miami-Dade County Property Appraiser, Fiscal Impact of the Additional Homestead Banding to the $100,000 to $125,000 Range in Assessed Value, April 27 2017.

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CITY OF DORAL, FLORIDA | CONSERVATION FINANCE FEASIBILITY STUDY | DECEMBER 2017

Election history Since most local public finance mechanisms require voter approval it is useful to look at election history for the city. A review of the City of Doral election canvass record of the past few years indicates that there have been no major city finance propositions before voters by which to gauge current voter attitudes toward public spending measures. Analysis of past Miami-Dade County voting results for City of Doral precincts give some sense of the level of support of Doral voters toward funding measures for public spending for state and county measures as shown in the table below. Countywide voters have been supportive of recent county bond measures with the exception of the 2014 bond for court facilities.17 Public Spending Election Results (selected examples since 2012) Date Nov-14 Nov-14 Nov-13 Nov-12

Measure

Description

G.O. Bond $393M bond to fund county court facilities State constitutional amendment dedicating Doc Stamp 33 percent of net revenues from the existing Tax excise tax on documents to water and land conservation G.O. Bond $830M bond to fund Jackson Health System G.O. Bond $1.2B bond to fund Public School Facilities

Results

County Yes

Doral Yes

Fail

36%

28%

Pass

76%

78%

Pass Pass

65% 69%

n/a n/a

There are county-wide capital and operating needs that have been identified by the MiamiDade County Parks, Recreation and Open Spaces Department. One option for addressing them would be a voter-approved countywide funding mechanism to be considered on the November 2018 ballot. If this were placed on the ballot by the County Commission then City of Doral voters would cast ballots on the measure and would also be subject to any approved property tax if it were to pass. This proposal is in early stages of discussion and may not go forward. If approved, revenue sharing with each of the 34 municipalities is possible, but whatever funding that would come to Doral is unlikely to meet the very ambitious parks and recreation plans envisioned for this growing and high quality city. The City of Miami passed a $400 million bond measure on the ballot in November 2017 that includes approximately $80 million for parks priorities. While this does not affect Doral voters directly at all, its passage may be somewhat predictive for both a potential Countywide parks measure and Doral’s considerations for 2018.

16 17

Miami Dade County Supervisor of Elections website, access on 9/5/17. Ibid. THE TRUST FOR PUBLIC LAND :: CONSERVATION FINANCE DEPARTMENT

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CITY OF DORAL, FLORIDA | CONSERVATION FINANCE FEASIBILITY STUDY | DECEMBER 2017

Appendices

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CITY OF DORAL, FLORIDA | CONSERVATION FINANCE FEASIBILITY STUDY | DECEMBER 2017

Appendix A: Florida Municipal Measure History Voter-approved Florida Municipal Conservation Measures, 2000-2016 Jurisdiction Name

Date

Finance Mechanism

Purpose

Boca Raton

3/14/2000

Bond

Open space, recreation

$30,000,000

62%

$25,000,000

60%

$9,000,000

64%

$6,000,000 $8,000,000 $2,200,000,000 $17,000,000 $9,000,000

53% 56% 57% 71% 77%

$9,400,000

63%

$5,000,000 $3,000,000 $9,000,000 $100,000,000

59% 72% 58% 53%

Davie

9/29/2005

Bond

Delray Beach Fernandina Beach Fort Lauderdale Jacksonville Jupiter Naples

1/20/2004

Bond

Open space, trails, parks, wildlife habitat, watershed protection Recreation, parks, open space

4/10/2001 3/14/2000 9/5/2000 8/31/2004 2/1/2000

Bond Bond Sales tax Bond Bond

Watershed protection, parks Parks, open space Parks, open space Open space Open space, wildlife habitat

North Bay Village

1/29/2008

Bond

Ormond Beach Oviedo Oviedo Pembroke Pines St. Augustine Beach

8/24/2010 9/4/2001 5/13/2003 3/8/2005

Bond Bond Bond Bond Property tax

8/31/2004

St. Augustine Beach

8/26/2008

Bond

Tavares

3/6/2012

Bond

Titusville Venice West Palm Beach Winter Springs

11/2/2004 11/4/2003 3/14/2000 9/4/2001

Bond Bond Bond Bond

Open space, watershed protection, parks, recreation Open space, parks, recreation Parks, recreation Parks Parks, open space

Total Funds Approved

Open space, recreation Open space, wildlife habitat, watershed protection, parks, trails, recreation Open space, parks, recreation Open space, parks, recreation Parks, recreation Parks, open space Parks

% Yes

54%

$7,000,000

61%

$3,300,000

54%

$10,335,000 $10,000,000 $20,000,000 $3,400,000

64% 53% 55% 64%

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CITY OF DORAL, FLORIDA | CONSERVATION FINANCE FEASIBILITY STUDY | DECEMBER 2017

Appendix B: Parks & Rec Strategic Priorities

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THE TRUST FOR PUBLIC LAND :: CONSERVATION FINANCE DEPARTMENT


With any questions or for more information please contact:

Wendy Muzzy Director of Feasibility Research, Conservation Finance The Trust for Public Land 206-274-2914 Wendy.muzzy@tpl.org or Pegeen Hanrahan, P.E. Southeast Urban Parks Finance Director The Trust for Public Land 850-661-1770 or 352-665-5939 Pegeen.Hanrahan@tpl.org

www.tpl.org


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