North Miami Beach public meetings in 2023
6 substantive meetings from 2023, with official agendas or minutes and plain-English summaries.
Community Redevelopment Agency Board & Advisory Board
The Board approved a tax incentive agreement for NMB Place totaling up to $20.1 million across two phases. The Board also approved a contract for executive director services and a professional services agreement amendment.
- Approved REDA tax incentive for NMB Place at 1959-1999 N.E. 164th Street for $10.1M (Phase 1) and $10M (Phase 2) (6-0)
- Directed CRA Staff to include best efforts at local hiring preference in future TIF deals
- Approved scope amendment for professional services agreement with Redevelopment Management Associates LLC (5-1)
- Approved contract with Florida Strategic Partners LLC for executive director services not to exceed $175,000 for basic services (5-1)
- Approved cancellation of 1925 lease (5-0)
- Approved May 16, 2023, and July 18, 2023, meeting minutes (4-0)
General Employees Retirement Committee
The Committee unanimously approved the October 1, 2022 actuarial valuation report and authorized a new Experience Study. Members voted to rebalance equities to fixed income and approved amendments to the Investment Policy Statement. The board also authorized joining a lawsuit against Sotera Health.
- Approved rebalancing equities below 60% target to add funds to fixed income (Unanimous)
- Approved and adopted October 1, 2022 valuation report (Unanimous)
- Authorized GRS to conduct an Experience Study (Unanimous)
- Approved seeking appointment as additional named plaintiff against Sotera Health (Unanimous)
- Approved Investment Policy Statement amendments for comparison benchmarks (Unanimous)
- Approved sale of NESR stock for non-compliance with investment guidelines (Unanimous)
- Maintained DROP interest rate at 3% (Unanimous)
- Approved adding birthday leave, cellphone allowance, and life insurance to administrator's contract (Unanimous)
Retirement Board - Police & Fire
The Board approved moving $1.25M from Clearbridge Investments to the plan's Receipts & Disbursements account and adopted the 10/1/2022 actuarial valuation. Members also approved amendments to Ordinance 2022-10 and the Investment Policy Statement. Additionally, the Board voted to seek status as a plaintiff in a securities fraud case against Sotera Health.
- Approved reallocation of $1.25M from Clearbridge Investments to Receipts and Disbursement account (Unanimous)
- Approved amendments to Ordinance 2022-10 regarding DROP age requirements (Unanimous)
- Approved sale of non-compliant stock held by Boston Partners (Unanimous)
- Approved Investment Policy Statement amendments regarding Genter's comparison benchmark (Unanimous)
- Adopted 10/1/2022 actuarial valuation showing plan is approximately 68% funded (Unanimous)
- Approved seeking appointment as additional named plaintiff against Sotera Health (Unanimous)
- Approved adding birthday leave, cellphone allowance, and life insurance to administrator's contract (Unanimous)
- Approved requirement for pension office to notify beneficiaries when they are removed or replaced (Unanimous)
Retirement Board - Police & Fire
The Board voted to hire a constitutional attorney after the city stated it cannot make additional contributions and intends to repeal Ordinance 2010-22. The Board also approved retroactive payments for a disability benefit underpayment and revised a consultant's contract.
- Approved engagement of a Constitutional Attorney (unanimous)
- Delegated selection of Constitutional Attorney to Trustee Linda Loizzo (unanimous)
- Approved retroactive payment of $42,579.84 plus interest to James O'Connell (unanimous)
- Approved additional $15,000 payment to James O'Connell for hardships (unanimous)
- Approved six-month contract for M. Lebowitz at $500 per month starting March 1, 2023 (unanimous)
- Approved payment of $14,477.92 to M. Lebowitz for accrued sick and vacation time (unanimous)
General Employees Retirement Committee
The Committee approved a six-month consulting contract for Martin Lebowitz and a revised employment agreement for Renaldo Gayle. The board also approved the annual financial statement audit for the fiscal year ending September 30, 2022.
- Approved six-month contract for Martin Lebowitz at $500 per month starting March 1, 2023 (Unanimous)
- Approved proposed employment contract for Renaldo Gayle (Unanimous)
- Approved Annual Financial Statement Audit for fiscal year ending Sept 30, 2022 (Unanimous)
- Delegated authority to Chairman to approve fiduciary liability policy renewal (Unanimous)
- Approved minutes of 12/21/2022 (Unanimous)
- Approved payment of invoices totaling $115,552.42 (Unanimous)
- Tabled DROP interest rate review until May 9, 2023
Retirement Board - Police & Fire
The Board approved a one-year consultancy contract for Martin Lebowitz and a revised employment agreement for Renaldo Gayle. Members also approved the fiscal year 2022 Annual Financial Statement Audit and various management invoices.
- Approved one-year contract for Martin Lebowitz at $1,500 per month starting March 1, 2023 (Unanimous)
- Approved proposed contract for administrator Renaldo Gayle (Unanimous)
- Approved FY ending Sept 30, 2022 Annual Financial Statement Audit pending two corrections (Unanimous)
- Delegated authority to Chairman to approve fiduciary liability policy renewal (Unanimous)
- Approved $124,285.00 in total invoices (Unanimous)
- Approved meeting minutes from December 13, 2022 (Unanimous)