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HomeMy WebLinkAboutExhibit F-SUBTHIS DOCUMENT IS A SUBSTITUTION TO ORIGINAL. BACKUP ORIGINAL CAN BE SEEN AT END OF THIS DOCUMENT. I RE SOLUTION NO. 045/2017 A RESOLUTION OF THE BOARD OF DIRECTORS OF THE DOWNTOWN DEVELOPMENT AUTHORITY ("MIAMI DDA") OF THE CITY OF MIAMI, FLORIDA, SUPPORTING THE EXPANSION OF THE MIAMI DDA DISTRICT BOUNDARIES TO INCLUDE THE RIGHT-OF-WAY LANDS UNDERNEATH THE MIAMI METRORAIL, ALSO KNOWN AS THE UNDERLINE, FROM THE MIAMI RIVER TO SOU'T'HEAST 15 ROAD. WHEREAS, the boundaries of the Miami Downtown Development Authority of the City of Miami, Florida ("Miami DDA") are established by the City of Miami Commission; and WHEREAS, the Friends of the Underline is a 5010 non-profit organization working to establish new public park space beneath the MetroRail system called the Underline; and WHEREAS, the Miami DDA has reviewed the potential expansion of its boundaries to include the section of Underline that is adjacent to the southwestern boundary of the existing district to allow the DDA to partner with and participate in the delivery and ongoing programming of the new park space; and WHEREAS, Goal 4, Action Item 4.5 — "Connect and Promote Downtown Parks, Open Spaces and Greenways" of the 2025 Downtown Miami Master Plan, attached and incorporated as Exhibit "B", seeks to identify park typologies and potential locations for new open space within the Downtown District; and WHEREAS, § 166.0497, Fla. Stat. (2017) details the procedures for the "alteration, amendment, or expansion of [the] established downtown development district", attached and incorporated as Exhibit "A"; and WHEREAS, the Miami DDA procured the services of Lambert Advisory, an independent third - party consultant, to study the economic impact of the inclusion of the additional park land created by the section of the Underline project that runs from the Miami River on the north to Southeast 15 Road on the south, coincident with the Metro Rail right-of-way on property that is owned by the Miami -Dade County Department of Transit and Public Works, to affirm that it would revitalize and preserve property values in the Downtown District per § 166.0497, Fla. Stat. (2017); and WHEREAS, the study, attached and incorporated as Exhibit "C", concluded that expanding the boundaries of the Miami DDA to include the Underline section adjacent to the existing Miami DDA boundaries will revitalize and preserve property values within the existing district; and WHEREAS, the study further concluded that the expansion will result in net positive increases in existing and future property values within the existing district due to enhanced property assessment values and potential new development; and WHEREAS, based on the study, the Board of Directors of the Miami DDA concludes that expanding the boundaries of the Miami DDA to include the Underline as stated herein will revitalize and preserve property values and prevent deterioration of the original district; and Page I of 2 1 6241 Exhibit F -SUB I THIS DOCUMENT IS A SUBSTITUTION TO ORIGINAL. BACKUP ORIGINAL CAN BE SEEN AT END OF THIS DOCUMENT. I W11EREAS, it is in the interest of the Miami DDA and the City of Miami to expand the boundaries of the Miami DDA to include the Underline; 1 0 a, 0�6 MOM I 141W. IMPIVAG LVj I IFA III I 161611"12 1 2 0 :Ogs]ukvjl"L Iwjv. Section 1. The Board of Directors of the Miami DDA hereby supports and recommends to the Miami City Commission the expansion of the Miami DDA boundaries to include the right-of- way underneath the Miami MetroRail, also known as the Underline, from the Miami River to Southeast 15 Road. Section 2. This Executive Director is directed to deliver a certified copy of this Resolution to the Miami City Commission, the Mayor of the City of Miami, the City Manager, the City Clerk, and the City Attorney. Section 3. This Resolution shall be effective immediately upon its adoption. I W -l"1113; IiI 151 11K 1112 i j 11C 111 ' 11111 1 � I I I � I I � �i ii I I I I I � , 1111111 111 1 �-M �11 ATTEST: K—.a jr G'get — Secretary to the Board of Directors Aly M. Robertson, Executive Director Page 2 of 2 SUBSTITUTED Exhibit F DDA Board Resolution No. 045/2017, adopted November 17,