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HomeMy WebLinkAboutSubmittal-Spencer Crowley-PresentationSouth Miami Avenue & 6th Street State Land Acquisition and Intersection Realignment City Commission 15.22.14 PH.1, PH.2 and RE.7 Suc nAkcAA - Spcncxr Crouol , - Prestrli-GA-lon Si��Mf i a t1J PUBLIC RECORD FOR ITEM_Z-.1. ON 5 P►��a Submitted into the public reco d i connection with 'item -t.1 on 2'l I PI-‘ ' City Clerk 6th Street Traffic Improvement I Background • Increased development in Brickell = Increased concern regarding traffic • 2013: City retained engineering firm to examine the roadway network • Engineers identified traffic improvement at SE 6th Street • One BCC approval - City staff asked Swire if it could help effectuate SE 6th Street traffic improvement as a "public benefit" associated with the approval May 22, 2014 City Commission agenda South Miami Avenue & 6th Street items PH.1, PH.2 and RE.7 realignment project briefing Submitted into the public record in connection with •itemp f on 5f Pi-! •2 City Clerk 6th Street traffic improvement I Conceptual intersection improvement May 22, 2014 City Commission agenda items PH.1, PH.2 and RE.7 South Miami Avenue & 6th Street realignment project briefing Submitted into the public record 41 connection with 'Itemp}1.I on 911/1 D!i City Clerk 6th Street traffic improvement - Current traffic circulation May 22, 2014 City Commission agenda items PH.1, PH.2 and RE.7 South Miami Avenue & 6th Street realignment project briefing Submitted into the public record in connection with itemp� 1 on n 221►4 'F4•L City Clerk 6th Street traffic improvement - Improved traffic circulation May 22, 2014 City Commission agenda South Miami Avenue & 6th Street items PH.1, PH.2 and RE.7 realignment project briefing Submitted into the public record i connection with ltemeri I, oa .5/." /4 City Clerk 6th Street traffic improvement I Problems and Solutions • PROBLEM - State of Florida owns the land need for traffic improvement and was not a willing seller • PROBLEM - City did not have funds to acquire property or construct the improvement • SOLUTION - Through Swire's efforts, the State became a willing seller • SOLUTION - Swire has arranged to provide all funds necessary for the acquisition of the land from the State - $4.165 M donation to the City of Miami - $771,544 in easement fees to the City of Miami - $4.93 million - total funds contributed by Swire May 22, 2014 City Commission agenda South Miami Avenue 8. 6th Street items PH.1, PH.2 and RE.7 realignment project briefing Submitted into the public record in connection with item poi on LE City Clerk 6th Street traffic improvement I Funding and Transaction State of Florida Title to Land Title to Land BCC Road Improvement, LLC Funds Purchase Price: $4.7 Million Contributions from Swire • $4.165 Million Donation • $771,554 6th Street Easement Fees • $4.93 million - total funds contributed by Swire No fiscal impact to the City. May 22, 2014 City Commission agenda South Miami Avenue & 6th Street items PH.1, PH.2 and RE.7 realignment project briefing Submitted into the public record in connection with temp1-.I on 22 ( P rl • 2 City Clerk 6th Street traffic improvement I Clarification of transaction • Clarification on aspects of the transaction - The $4.165 million donation (item RE.7) is a credit against purchase price (Item PH.2) - Swire's $771,554 easement fees have been budgeted to the traffic improvement project in the CIP budget • B - 3083 7 • Development Agreement - scheduled for City Commission June 12 May 22, 2014 City Commission agenda South Miami Avenue & 6th Street items PH.1, PH.2 and RE.7 realignment project briefing Submitted into the public record in connection with item PH' j on 512Z/(ij PH, Z City Clerk 6th Street traffic improvement I Additional considerations • Governor and Cabinet are scheduled to consider sale of the property at the Trustees meeting in June - City approval today and State approval in June is necessary - targeted completion before project opening - Minimize disruption to neighborhood • Design has not commenced - extent of land required to accommodate project has not been determined - Stormwater attenuation, stormwater wells, pumps, foundations for mast arms, foundation for signage, retaining wall adjustments, lane expansion, bike lanes required by County May 22, 2014 City Commission agenda South Miami Avenue & 6th Street items PH.1, PH.2 and RE.7 realignment project briefing