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3/ 13/89
ORDINANCE N0. I
AN ORDINANCE AMENDING SECTION 14-17 OF THE
CODE OF THE CITY OF MIAMI, FLORIDA, AS
AMENDED, TO EXPAND THE BOUNDARIES OF THE
DOWNTOWN DEVELOPMENT DISTRICT TO INCLUDE THE
AREA BOUNDED GENERALLY BY N.E. 2ND AVENUE,
i N.E. 24TH STREET, THE EASTERN BOUNDARY OF THE
'• CR-3/7 ZONING DISTRICT AND N.E. 17TH TERRACE AS EXTENDED TO THE EASTERN BOUNDARY OF THE
CR-3/7 ZONING DISTRICT, CONTAINING A REPEALER -
PROVISION AND A SEVERABILITY CLAUSE.
i WHEREAS, Ordinance No. 7370, as amended, created the
°- Downtown Development Authority of the City of Miami and set the
boundaries thereof upon which is 1 ed an additional ad valorem
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tax on all real and perso 1 pe ty not exceeding mill on
the dollar valuatio of u roperty, for yhft)qrote of financing
the said Authority nd
WHEREAS, the area of the City of Miami bounded generally by '
N.E. 17th Terrace on the South, N.E. 2nd Avenue on the West, N.E.
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24th Street on the North, and the eastern boundary of the CR-3/7
zoning district from N.E. 17th Terrace as extended to N.E. 24th
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Street on the east, is physically and functionally related to the
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area presently included within the boundaries of the Downtown #`
Development Authority; and
WHEREAS, the proposed expansion area includes the Bacardi°
Imports Corporate facilities and properties; Bacardi Imports being
one of Miami's most important, prestigious corporate citizens',
which has expressed the need for comprehensive planning for
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physical improvements, security and marketing for the subject area
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which the Downtown Development Authority is well suited to
perform; and
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