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Home My WebLink AboutSubmittal-Commissioner Sarnoff-Tri-Rail Improvements Draft ResolutionCarrillo, Adrian From: Javier Fernandez <jefernandez@stearnsweaver.com> Sent: Thursday, March 12, 2015 11:21 AM To: Msarnoff Cc: Carrillo, Adrian; Bravo, Alice Subject: Tri-Rail Resolution Attachments: City of Miami - Tri-Rail Improvements Draft Resolution 3.12.15.DOC See attached. Javier E. Fernandez, Esq. Stearns Weaver Miller Weissler Alhadeff & Sitterson, P.A. 150 W. Flagler Street, Ste. 2200 Miami , FL 33130 Direct: 305.789.3501 Main: 305.789.3000 Fax: 305.789.2620 E-mail: jefernandez@stearnsweaver.com www.stearnsweaver.com CONFIDENTIALITY NOTICE: The information contained in this E-mail message is attorney privileged and confidential information intended only for the use of the individual(s) named above. If the reader of this message is not the intended recipient, you are hereby notified that any dissemination, distribution or copy of this communication is strictly prohibited. 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Submitted into the public record for item(s) RE . `b on 0 3 • aco • am- • City Clerk 15- 6 0 3 610 - S obm ► i-fiU l- CO M M\ B CIY1 U ;< RAI -Tri -Oil I mp s DV eyn to f S t O\-+ vesoluti City of Miami Legislation Resolution: R-15- A RESOLUTION OF THE MIAMI CITY COMMISSION DIRECTING THE CITY MANAGER OR THE CITY MANAGER'S DESIGNEE TO DEVELOP A FINANCIAL ASSISTANCE PACKAGE ("ASSISTANCE PACKAGE") AND INITIATE NEGOTIATIONS WITH THE SOUTH FLORIDA REGIONAL TRANSPORTATIION AUTHORITY ("SFRTA") TO UNDERWRITE A PORTION OF THE COSTS OF CERTAIN IMPROVEMENTS ("IMPROVEMENTS") AT THE FUTURE MIAMICENTRAL STATION FOR THE PURPOSE OF ACCOMMODATING FUTURE SERVICE TRI-RAIL SERVICE TO DOWNTOWN MIAMI; FUTHER DIRECTING THE CITY MANAGER OR THE CITY MANAGER'S DESIGNEE TO COORDINATE WITH THE EXECUTIVE DIRECTORS OF THE SE OVERTOWN/PARK WEST ("SEOPW") AND OMNI COMMUNITY REDEVELOPMENT AGENCIES ("CRA") AND MIAMI-DADE COUNTY ("COUNTY") TO SEEK COMPANION CONTRIBUTIONS FROM SUCH AGENCIES FOR THE TRI-RAIL IMPROVEMENTS; FURTHER DIRECTING THE CITY MANAGER TO PRESENT AN ASSISTANCE PACKAGE, INCLUDING POSSIBLE ISSUANCE OF A CITY SPECIAL REVENUE BOND BY THE CITY TO BE DEFEASED WITH TAX INCREMENT REVENUES GENERATED BY THE TRANSIT ORIENTED DEVELOPMENT PROGRAM ADVANCED IN CONJUNCTION WITH THE DEVELOPMENT OF MIAMICENTRAL STATION, FOR CONSIDERATION BY THE MIAMI CITY COMMISSION WITHIN NO LATER THAN FORTY-FIVE (45) DAYS OF THE DATE OF ADOPTION OF THIS RESOLUTION. WHEREAS, the SFRTA through its Tri-Rail Coastal Link project is proposing to reintroduce passenger service along an 85-mile stretch of the Florida East Coast ("FEC") railway corridor between Jupiter and downtown Miami, connecting 28 of the most densely -populated municipalities in eastern Miami -Dade, Broward and Palm Beach counties; and WHEREAS, presently, MiamiCentral Station, a new, multi -modal facility, is being developed in downtown Miami as part of its planned inter -city rail passenger service between Miami and Orlando and which station can be modified to accommodate future Tri-Rail service; and WHEREAS, planned and funded improvements along the FEC Corridor will connect it with the South Florida Rail Corridor owned by the State of Florida (formerly the CSX corridor) which will permit Tri-Rail passenger trains to access the FEC Corridor in order to establish passenger service to downtown Miami (the "Tri-Rail Downtown Miami Link") as soon as 2017; and WHEREAS, SFTRA's commuter rail service along the Tri-Rail Coastal Link will provide South Floridians and visitors with a viable transportation alternative to congested highways that presently serve as the only means of connection between the downtowns of South Florida's three most populous cities; and WHEREAS, Tri-Rail Downtown Miami Link's service will access the Miami Central Station along the same viaduct servicing AAF's inter -city passenger rail service which terminates on an elevated platform located approximately fifty (50) feet above grade; and WHEREAS, Tri-Rail Downtown Miami Link's terminus at the Miami Central Station will require the expansion of the planned viaduct and elevated platform to accommodate Tri-Rail service (the "Tri-Rail Improvements"); and Submitted into the public record for item(s) RE. on D3 • a6. ;oil' • City Clerk WHERAS, SFRTA is willing to construct the Tri-Rail Improvements upon a written promise from the County and City that each will contribute a portion of the tax increment fund revenues ("TIF") generated by the MiamiCentral Station and related improvements (the "Project") to SFRTA to underwrite the costs of the Tri-Rail Improvements; and WHEREAS, the Miami City Commission desires to establish Tri-Rail service to downtown Miami by no later than 2017 with the inauguration of MiamiCentral Station, as well as ensure the prospect of future Tri-Rail Coastal Link service to downtown Miami, by approving an Assistance Package for SFRTA that will ensure the timely completion of the Tri-Rail Improvements; and WHEREAS, approval of the Assistance Package for SFRTA will further promote the redevelopment and employment opportunities within the redevelopment areas and the Central Business District by connecting such portions of the City with communities across the South Florida region through the proposed investment. 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 Miami City Commission hereby directs the City Manager or his designee to engage SFRTA in negotiations regarding the financing of the Tri-Rail Improvements as identified in the Exhibit "A" attached hereto, and prepare a report outlining the possible funding alternatives, including the issuance of a City special revenue bond to be repaid with tax increment revenues generated by the transit oriented development program advanced jointly with the construction of MiamiCentral Station and, as necessary, non -ad valorem tax receipts, for the consideration of the City Commission. Section 3. The City Manager is further directed to engage the respective chairman and executive directors of the SEOPW and Omni CRAs, as well as the County Mayor and his designee, to present a recommended Assistance Package for the cost of the Tri-Rail Improvements, as well as any and all attendant contracts and/or agreements, including but not limited to, the SFRTA Assistance Package and inter -local agreements by and between the City, County, and CRAs, necessary to accomplish the construction of the Tri-Rail Improvements. Section 4. The aforementioned report, recommended Assistance Package, and all necessary agreements shall be presented to Miami City Commission for its consideration at a public hearing to be held on not later than April 9th, 2015. Section 5. the Mayor.' This Resolution shall become effective immediately upon its adoption and signature of 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. #4101211v1 Submitted into the public record for item(s) izt -9 on r1 •2 (p • I City Clerk #4101211v1 Submitted into the public record for item(s) RE. 5 on 0.3•a(o•?01f . City Clerk