FYI Miami: June 18, 2015
PROOF OF BLIGHT: Miami-Dade commissioners are to decide next month whether a community redevelopment agency must demonstrate through an updated study that slum or blight exists in its area when it seeks approval to extend its life. The resolution, sponsored by Juan Zapata, came last week before the Economic Prosperity Committee, whose members forwarded it to the full commission without recommendation. The resolution states the commission has expressed concern about extending the lives of some community development agencies, their uses of tax increments funds, the untimely submission of budgets for commission approval after the agencies have borrowed money, advanced funds or incurred debt, and the lack of county representation on the agencies’ boards.
DETAILING FISCAL IMPACT: The Miami-Dade Economic Prosperity Committee of the county commission has unanimously voted to require the mayor to prepare a written statement detailing the fiscal impact before a hearing for any ordinance. Should the full commission also approve the change in code, the fiscal impact statement will include a description of the anticipated increase or decrease of expense and revenues for the current and subsequent fiscal year; a description and projected value of anticipated expense; a description of government actions that will be required to anticipate future revenues and expenses; a forecast of long-term fiscal implication, covering five years from the expected effective date of the legislation; a description of risk factors that could impact future revenues; a description of all assumptions used to project the fiscal impact; and, in cases the mayor determines an ordinance won’t have fiscal impact, a description of assumptions and analysis used to reach this conclusion.
TRI-RAIL BOOST: The Miami-Dade County Commission’s Transit and Mobility Services Committee last week approved $13.9 million to bring Tri-Rail to All Aboard Florida’s MiamiCentral train station in downtown Miami. The full commission is to vote June 30. As part of the development of MiamiCentral a privately funded multi-modal transportation hub under construction the addition of two train platforms would allow connection of the current Tri-Rail passenger service west of I-95 ending at the airport to downtown, as well as provide facilities to support the planned coastal link that would ultimately take Tri-Rail service north along the Florida East Coast railway corridor to Jupiter. The full cost to make the Tri-Rail link to MiamiCentral is nearly $69 million, a combination of city, county and state funding. City of Miami officials have yet to vote on final Tri-Rail link funding.