HomeMy WebLinkAboutM-89-0258CITY OF MIAMI, FLORIDA
INTER -OFFICE MEMORANDUM
The Honorable Mayor and Members -. 3
To : of the City Commission DATE *sue
DISCUSSION ITEM:
SUBJECT : Establ i shnient of 'a Tax
Increment' District K
�L l for the Liberty City
FROM : Cesar H. O d i 0 REFERENCES: Area
-i Ci ty Manager
�) ENCLOSURES:
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Per, the attached, please schedule on the March 3, 1989 Commission.
meeting a discussion item, regarding the Establishment`of A, Tax
Increment District for the Liberty City area.
-; Attachments
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FROM
10
Cesar H. odio DATE: ''aaiivary 24, 1989 FILE
pity Manager
SUBJECT : Establishment of a 'Tax
Increment District for
the Liberty City area.
REFERENCES:
Xavier L. Suare 012389WEBas
Mayor ENCLOSURES:
3
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In accordance with "Miami's Comeback Plan,"'proposed'Fridey;•;
January 20, 1989 by various commissioners, community activists
and leaders, please look -into the feasibility of establishing a
■ Tax Increment District for Liberty City.. Commissioner Miller.
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Dawkins will be spearheading this effort.
r The funds realized from this Tax Increment District: could
then be utilized to' redress economicdeprivation` - in the '' affected
area. Please review this matter and respond to Commissioner, >„
=k Dawkins, with a copy to.my office, as soon as possible.
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XLS/WEB:ass
cc: ;Me ers of the City Commission.
= erb Bailey-
Assistant-Cityx L a
Manager
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TACOLCY ECONOMIC DEVELOPMENT
CORPORATION
January 5, 1989
(305)757-3737 Commissioner Miller Dawkins
City of Miami
3500 Pan American Drive GOag4. tvlIl.LER DA�"1�C1NS
out Pitts, it. Miami FL CITY rcPtaldMt
- .
Officers
Dr. James o.Plinton,it. Dear Commissioner Dawkins: i
Ch&wrw Of no Bowre
J nMr :cn.,rPffW Pursuant to our discussion regarding the creation of a
—' M.AthageRange Tax Increment District (hereinafter referred, ,to .as a a
Seon01ioiQhWn"NW "TID") in Lhe Liberty City area of the city of Miami,
Howard Rollins I have taken the following' steps:
M„wrrweroyA. Smith
e, 1. I met and held discussions with Dr. Ernest Martin,
Joann J. Perry
a; Ass"WCOM"Nsomfary Director of the Office of Community and Economic
.: Directors Development (OCED) . and members of his staff on d ;.
Dir ctorur Hill
several occasions regarding the feasibi 1 ity and the
MarioF. Brown 11 procedures for the creation of a TID.
Raymond Mandre y
William Wynn, Jr.
In the Liberty City area, Dr. Martin and hlis staff ry,
s ! concluded from our d i scuss+ions: and ,their, review that
the Liberty = City area appears 'to meet' the 'criteria 'for
the creation of a district. Efforts are_. now undor,.,way r
by OCED`to: assist in making a' "Finding of
5
s the first step re red to cr.eate;_` a: TID Mr l.yndrb7f ,
Jambs -of, OCED has been assigned s by Dr`' Martin :_to staff
the effort
Although no firm decision has been made„as to,the ,
boundaries for`the district Mr.:James has begun .
assessment of an area bounded by 64th Street :on the
north and 58th Street on the south, I-95.on the east
and'7th Avenue on the west. The assessed value of.,•the
property within the preliminary area :is $8,465::562';for:;
1988,';a 132% increase over the $3,649,250 assessed
s value of 1982 which is an average of.22% a year A '
larger area both in terms of development and to
increase the amount of increment revenues may`b,e
desirable, but this determination can best: be.madd..
during the iterative process
-that obviously willbe'
{ required to produce a feasible redevelopment and ?
i
financing plan.
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n 2. I -have convened members of -the EconomicYr
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s' Development. Commf ttee, of the Miami Dade Chambet�; �t,uxhs
,. Commerce as on i n i t l ial group : so Ae not to >td i a Y + x'F
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effort too much; however'; a larger group co#e��Q .
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Page 2
Commissioner Miller Dawkins
January 5, 1989
Y
_ stronger more influential cross section of our
i community may. be required to give the effort the kind
of credibility it may require to gain the support_, it'
will need at the County Commission level. What is ;.
required along that line is your call.
pproval
3. I have obtained the a__of the Board of
Directors of TEDC to expend a nominal amount of =
g3,000.00 on preliminary costs; Mr:.Arthur Hil:1 of-ahe
} Board of TEDC,and I are representing TEDC in this
effort. Further,. the Liberty City -TID.� is: ,one -of the
goals of the Miami -Dade Chamber of Commerce, the
Edison Center/Model City Merchant ..Association: sad."The
Planned _Process to Stimulate Black Economic
Development" of Greater Miami United. F:oundat;ions,�
private and public sources are being approached to n
ass i'st i n funding the costs as with the r zh
redevelopment plan and feasibility study requiredrn.
,a f'•r
with City of Miami;', Assistant.:City
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n. m discussion yt _ c
I Y . rocedures and•.,ot,
y: ,
Manager. Herbert" Bai le on p e .
increment .districts, he stated that if we. 'fase tracked
effort , by mid 1989 we could establish the£`
Liberty City TID. S ;"
3
I am available at ,your convenience to discuss this'
f c p }
_.
s matter.
S in ly . w
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OtiPitts
s, Jr
President
OPJr/cn1
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