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HomeMy WebLinkAboutLegislationCity of Miami Legislation Resolution City Hall 3500 Pan American Drive Miami. FL 33133 www.miamigov.com File Number.. 07•01456 Final Action I1Hir. A RESOLUTION OF THE MIAMI CITY COMMISSION, WITH ATTACHMENT(S), kELAT(NG TO THE PORT OF MIAMI TUNNEL AND ACCESS IMPROVEMENT PROJECT ("PROJECT"); AUTHORIZING THE CITY MANAGER TO EXECUTE A MASTER AGREEMENT ("AGREEMENT") FOR THE PROJECT AMONG THE FLORIDA DEPARTMENT OF TRANSPORTATION, MIAMI-DADE COUNTY, AND THE CITY OF MIAMI ("CITY"), IN SUBSTANTIALLY THE ATTACHED FORM, WHICH PROVIDES FOR A FINANCIAL CONTRIBUTION FROM THE CITY OF $55 MILLION, CONSISTING OF A $5 MILLION CONTRIBUTION IN LAND RIGHTS -OF -WAY AND A CASH CONTRIBUTION IN THE PRINCIPAL SUM OF $50 MILLION, TO BE FUNDED FROM OMN1 COMMUNITY REDEVELOPMENT AGENCY TAX INCREMENT REVENUES AND BACKED BY STATE OF FLORIDA SHARED REVENUES; FURTHER AUTHORIZING THE CITY MANAGER TO EXECUTE SUCH OTHER DOCUMENTS AS MAY BE REQUIRED UNDER THE AGREEMENT, SUBJECT TO CITY ATTORNEY APPROVAL, INCLUDING SPECIFICALLY THE EASEMENTS DESCRIBED AND ATTACHED AS EXHIBITS TO THE AGREEMENT. WHEREAS, the Port of Miami Tunnel and Access Improvement Project ("Project") will include a bored tunnel from Watson Island to the Port of Miami on Dodge Island, roadway improvements on Dodge and Watson Islands, and widening of the MacArthur Causeway Bridge and will serve to improve access to and from the Port of Miami, serving as a dedicated roadway and connector linking the Port with the MacArthur Causeway and I-395; and WHEREAS, the Project will serve to enhance the long-term growth and economic viability of the Port of Miami, a crucial economic generator in the City of Miami ("City") and Miami -Dade County ("County"); and WHEREAS, the Port of Miami operations directly and indirectly support 17,924 jobs in the City, $2.2 billion annually in total economic impact, $583 million annually in labor compensation for City residents, and $684 million annually in personal income for City households; and WHEREAS, the construction of the Project will create 500 to 600 locally sourced jobs during peak construction period, with an average of 400 jobs on -site for a 40 month construction period; and WHEREAS, the Project will further benefit the City by removing port -bound trucks and buses from the congested downtown street network, thereby improving mobility and pedestrian safety in Downtown Miami, and fostering urban redevelopment in the upper reaches of Downtown Miami and Southeast Ovcrtown/Park West; and WHEREAS, the Florida Department of Transportation ("FDOT"), pursuant to a competitive bidding process, has selected a consortium ("Concessionaire") to design, construct, operate, maintain and City of Miami Page. 1 of 2 Printed On: 12/5/2007 c12E NHW UID:w0JJ 62:02 L002-SO-D24 rile Number: 07-0145B finance the Project through a Publio-Private Partnership; and WHEREAS, the City has been requested by the FDOT and the County to contribute $55 million to the Project, consisting of a cash contribution in the principal amount of $50 million, to be paid in either a lump sum payment or annual payments as stipulated in the Master Agreement ("Agreement"), and rights -of -way contribution on Watson island valued at $5 million, which are described in exhibits attached to the Agreement; and WHEREAS, the attached Agreement sets forth the financial provisions for the contributions of both tFie County and the City; NOW, THEREFORE, BE IT RESOLVED BY THE COMMISSION OF THE CITY OF MIAMI, FLORIDA:: Section 1 The recitals and findings contained in the preamble to this Resolution are adopted by reference and incorporated as if fully set forth in this Section. Section 2. The City Manager is authorized {1) to execute an Agreement, in substantially the attached form, for the Project among the FDOT, the County, and the City, which provides a financial contribution from the City of $55 million, consisting of a $5 million contribution in land rights -of -way and a cash contribution in the principal sum of $50 million, to be funded from OMNi Community Redevelopment Agency tax increment revenues and backed by State of Florida shared revenues. Section 3. The City Manager is further authorized{1} to execute such other documents as may be required under the Agreement, subject to City Attorney approval, including specifically the easements described and attached as Exhibits to the Agreement. Section 4. This Resolution shall become effective immediately upon its adoption and signature of the Mayor. {2} APPROV • • S TO FORM AND CORRECTNESS: JC-TR E L. FERNANDEZ CITY ATT IRNEY -o- Footnotes: (1) The herein authorization is further subject to compliance with all requirements that may by imposed by the City Attorney, including but not limited to those prescribed by applicable City Charter and Code provisions. {2} If the Mayor does not sign this Resolution, it shall become effective at the end of ten calendar days from the date it was passed and adopted. If the Mayor vetoes this Resolution, it shall become effective immediately upon override of the veto by the City Commission. City of Miami Page 2 of 2 Printed Ow 12/3/2007 63EkiNdN AllD : wo Jd 6E :02 2202-S0-J30