Loading...
HomeMy WebLinkAboutAgenda Item Cover PageAGENDA ITEM COVER PAGE File ID: #12291 Resolution Sponsored by: Commissioner Manolo Reyes A RESOLUTION OF THE MIAMI CITY COMMISSION AUTHORIZING THE CITY MANAGER TO TRANSFER FUNDS, IN A TOTAL AMOUNT NOT TO EXCEED $3,717,000.00, COLLECTED BY THE CITY OF MIAMI ("CITY") AS DOWNTOWN MIAMI DEVELOPMENT OF REGIONAL IMPACT ("DRI")/MASTER PLAN RECOVERY FEES AND DRI SUPPLEMENTAL FEES, AS SET FORTH IN CHAPTER 13 OF THE CODE OF THE CITY OF MIAMI, FLORIDA ("CITY CODE") TO THE MIAMI DOWNTOWN DEVELOPMENT AUTHORITY ("DDA"), IN ORDER TO REIMBURSE AND PROVIDE FUTURE FUNDING TO THE DDA FOR THE PROVISION OF PROJECTS SPECIFIED IN THE INCREMENT III DOWNTOWN DEVELOPMENT ORDER, SUBJECT TO THE REVIEW AND APPROVAL OF THE CITY MANAGER. City of Miami Legislation Resolution Enactment Number: R-22-0295 City Hall 3500 Pan American Drive Miami, FL 33133 www.miamigov.com File Number: 12291 Final Action Date:7/28/2022 A RESOLUTION OF THE MIAMI CITY COMMISSION AUTHORIZING THE CITY MANAGER TO TRANSFER FUNDS, IN A TOTAL AMOUNT NOT TO EXCEED $3,717,000.00, COLLECTED BY THE CITY OF MIAMI ("CITY") AS DOWNTOWN MIAMI DEVELOPMENT OF REGIONAL IMPACT ("DRI")/MASTER PLAN RECOVERY FEES AND DRI SUPPLEMENTAL FEES, AS SET FORTH IN CHAPTER 13 OF THE CODE OF THE CITY OF MIAMI, FLORIDA ("CITY CODE") TO THE MIAMI DOWNTOWN DEVELOPMENT AUTHORITY ("DDA"), IN ORDER TO REIMBURSE AND PROVIDE FUTURE FUNDING TO THE DDA FOR THE PROVISION OF PROJECTS SPECIFIED IN THE INCREMENT III DOWNTOWN DEVELOPMENT ORDER, SUBJECT TO THE REVIEW AND APPROVAL OF THE CITY MANAGER. WHEREAS, the DDA is the Applicant for the Downtown Miami Development of Regional Impact ("DRI"); and WHEREAS, pursuant to Resolution No. R-87-1149, adopted on December 10, 1987, the City approved a Master and Increment I Development Order for the portion of Downtown Miami within the Miami Downtown Development Authority of the City of Miami, Florida's ("Miami DDA") boundaries, with the exception of the area encompassing the Southeast Overtown/Park West Development of Regional Impact ("SEOPW DRI"), known as the Downtown Development of Regional Impact ("DDRI"), pursuant to Section 380, Florida Statutes; and WHEREAS, pursuant to Resolution No. R-02-1307, adopted on December 12, 2002, the City approved an Increment II Development Order for the DDRI for the same area; and WHEREAS, on February 17, 2015, the Miami DDA and the Florida Department of Economic Opportunity entered into an Agreement Authorizing Interim Development for the DDRI Increment III pursuant to Section 380.032, Florida Statutes, which authorized commencement of interim development pursuant to Increment III in advance of issuance of the final development order to allow for development to continue under the soon -to -be exhausted Increment II; and WHEREAS, pursuant to Ordinance No. 13704, adopted on October 26, 2017, the City approved an Increment III Development Order for Downtown Development of Regional Impact ("Order"), including its conditions and impact fee coefficients used to collect funds to cover the costs of compliance with the Order and its impacts; and WHEREAS, the Order specifically required collection of impact fees codified in Section 13-58 of the Code of the City of Miami, Florida, as amended, to provide for Miami Dade County transit improvements; general transportation improvements; the Tri-Rail payment; Master Plan and DDRI application cost recovery; and ongoing administrative costs for monitoring the DDRI program, planning and enforcement support, associated studies, and processing of individual development applications; and WHEREAS, the Miami DDA is the Developer of record under the Order and together with the City is responsible for compliance with the Order's conditions as well as the planning, administrative, enforcement, infrastructure development, advocacy, and other efforts required under the Order; and WHEREAS, Chapter 13 of the City Code provides for the reimbursement to the City and/or DDA for costs incurred in the DRI/master plan study and future related studies in accordance with the consolidated application for development approval ("CADA") and the downtown DRI development orders, and which shall be a component of the downtown development supplemental fee; and WHEREAS, it is in the best interests of the City to transfer the funds to reimburse and provide future funding to the DDA for the provision of projects specified in the Increment III Downtown Development Order and the DRI/master plan recovery fee; NOW, THEREFORE, BE IT RESOLVED BY THE COMMISSION OF THE CITY OF MIAMI, FLORIDA: Section 1. The recitals and findings set forth in the preamble of this Resolution are adopted by reference and incorporated as if fully set forth in this Section. Section 2. The City Manager is hereby authorized' to transfer funds, in a total amount not to exceed $3,717,000.00, collected by the City as DRI/master plan recovery fees and DRI supplemental fees, to the DDA, to reimburse and provide future funding to the DDA for the provision of projects specified in the Increment III Downtown Development Order, subject to the review and approval by the City Manager. Section 3. This Resolution shall become effective immediately upon its adoption. APPROVED AS TO FORM AND CORRECTNESS: 1 The herein authorization is further subject to compliance with all legal requirements that may be imposed, including but not limited to, those prescribed by applicable City Charter and City Code provisions.