HomeMy WebLinkAboutSubmittal-Guillermo De la Paz-PowerPoint PresentationSubmitted into the publjc
rceord f•r item(s) a, 10
on `j City Clerk
Economic Impact Analysis
"An economic study would be like kicking a can
down the road" - Ken Russell, Town Hall Meeting
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Submitted into the public
record iqr ite}n(s) QL,
On `� /' City Clerk
Lack of Analysis
• NO Economic Impact Analysis or Property Value Studies have been
conducted.
• The Citizens have requested these independent studies to be done.
• We shouldn't have to request them, because they are mandatory when any
developer builds a property in the City of Miami.
• The Planning Department has also not provided sufficient research detailing
the consequences of the proposed changes.
• The absence of a Master Plan, Traffic and Economic Studies would lead to
failure.
Submitted into the public
record for item(s)
on City Clerk
Real Estate Value Study
• As a Real Estate Agent for 19 years, I decided to conduct a study of 186
empty lots located in the West Grove - the majority of these lots being 5,000
sq. ft.
Current Code Proposed Changes
Lot Size: 5,000 sq.ft Lot Size: 5,000 sq.ft
50% on 1st Floor (2,500 sq.ft) 50% on 1st Floor (2,500 sq.ft)
30% on 2nd Floor (1,500 sq.ft) Total: 2,500 sq.ft
Total: 4,000 sq.ft -1,500 sq.ft
Submitted into the publ'c
record fpr itein(s)
on vg / I9 City Clerk
Real Estate Value Study
1,500 sq.ft X 186 (Empty Lots) =
279,000 sq.ft (Build; able Space Lost)
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The average selling price per sq.ft in Coconut Grove based on 2018 MLX Data -
not including waterfront properties or condos - was $473.39.
279,000 sq.ft (Buildable Space Lost) X $473.39 (Avg. 2018 Price) =
$132,075,810 worth of lost Real Estate.
(That number doesn't reflect revenues for the City of Miami such as property taxes, impact, processing,
and permit fees.)
Submitted into the public
record fe r ite (s)
on ' i
City Clerk
Government should avoid the task of directly or indirectly picking winners and
losers. If the proposed changes are passed, property owners of all races,
nationalities, and backgrounds would lose their creative and financial freedom.
Giving present and future generations a set definition of what they should be,
without the possibility of choosing another way to live.