HomeMy WebLinkAbouttransferring fundsTRANSFERRING FUNDS TO DEPARTMENT OF OFF-STREET PARKING
History of Item:
In recent years, the Allapattah community has experienced considerable development in
the area. Because of this, there is a strong need to address the public parking problem.
Goodwill Industries is currently undergoing an expansion project that will bring job
employment opportunities to City of Miami residents and economic growth to the
Allapattah area.
Goodwill Industries plans to open two stores which will create 400 jobs for City of
Miami resident. Goodwill Industries is expected to become the area's largest employer,
hiring people with disabilities and special needs who face significant changes in finding
employment.
Without the development of the parking facility, Goodwill cannot consolidate operations
due to limited parking available in the existing facility. City of Miami Department of Off -
Street parking is requesting the amount of $3,000,000 for the development of said public
parking facility.
This public parking facility will be an approximate 300 spaced garage that will serve the
staff, employees and visitors of Goodwill Industries and the nearby merchant community.
The $3,000,000 will be a in a form of a loan to the City of Miami Department of Off -
Street Parking at a rate of 0% payable in 20 years to begin six months after the execution
of the contract.