HomeMy WebLinkAboutexhibitExhibit "A"
DESCRIPTION OF 2004 PROJECT
1. Courthouse garage — Project involves demolishing an existing 515 space garage and
building a new mixed use facility including around 1500 parking spaces with residential and/or
office space above it. Cost of the parking component is estimated at $17,330,000.
2. Garage 2 expansion — Project involves adding about 300 spaces to an existing garage.
The air rights over this proposed addition are owned by a third party and will be developed into
residential units. Cost of the parking component is estimated at $3,750,000.
3. Pay and Display machines (PADS) — This expenditure involves the purchase of
approximately 500 PADS to replace on -street meters and to use in unattended lots. Cost is
estimated at $4,457,850.
4. Watson Island — This project involves building 3 parking lots in this island owned by the
City of Miami and currently being developed. Cost is estimated at $1,900,000.
5. I-395 Parking Lots — This project involves building about 150 spaces under the I-395
highway to serve an emerging entertainment area. Cost is estimated at $400,000.
6. Little Havana Project — This project involves building a small garage to be used in
conjunction with a small housing development in the little Havana area. Cost is estimated at
$1,200,000.
7. Design District Garage — This project is proposed as a mixed use facility including a
garage of approximately 400 spaces in this emerging area of the City. Cost of the parking
component is estimated at $6,010,000.
8. Coconut Grove Playhouse Garage — This project involves a garage of about 300 spaces to
be built adjacent to the Coconut Grove Playhouse as part of a larger development at the site.
Total cost of the parking component is estimated at $4,000,000. The Coconut Grove Parking
Trust Fund is expected to contribute approximately $2,000,000 towards the total cost. The
Authority is expected to fund the remaining $2,000,000.
9. Miscellaneous Other Projects — Approximately $500,000 is allocated to a number of
miscellaneous smaller projects including purchasing a number of electronic parking meters,
replacement of certain vehicles and other projects.
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