FYI Miami: August 18, 2016
Below are some of the FYIs in this week’s edition. The entire content of this week’s FYIs and Insider sections is available by subscription only. To subscribe click here.
COMPENSATION COSTS RISE: Total compensation costs for private industry workers rose 2.5% in the Miami-Fort Lauderdale-Pompano Beach metropolitan area from June 2015 to June 2016, the US Bureau of Labor Statistics reported this month. Locally, wages and salaries, the largest component of compensation costs, increased 2.9%. The tri-county figures outpaced the national increases of 2.4% for total compensation costs and 2.6% for wages and salaries. Regional commissioner Janet S. Rankin noted in a statement that one year ago, Miami’s compensation costs showed a 2.6% annual gain.
COSTS RISE IN PARK UPGRADE: Miami city commissioners increased the expenditure ceiling for the Kinloch Park Building Addition Project by $230,000, due to the costs of a new security system and new fencing requested by the Capital Improvements and Transportation Program and the fire department. On Sept. 29, 2014, the commission approved a contract with Grace & Naeem Uddin Inc. of up to $1,699,336.10, including for $154,485.10 contingencies. However, as security measures were added, the original contract amount was deemed insufficient. Commissioners increased the contract ceiling to $1,929,336.10, including $154,485.10 for contingencies.
LOWER ELECTRIC CHARGES: Miami households paid 22.3% less for electricity in July than the national average of 13.9 cents, the US Bureau of Labor Statistics reported Tuesday. Area households paid 10.8 cents per kilowatt hour in July, compared with 11.6 cents in July of 2015, when Miamians were paying 18.3% less than the national average, the bureau said.
GROVE BAY EASEMENTS: Miami city commissioners have granted easements clearing the way for utilities on city-owned land. One resolution authorizes an underground easement with Peoples Gas System, a division of Tampa Electric Co. It allows a non-exclusive perpetual underground easement about 10 feet wide by 709 feet long to city-owned property at 3377 Charthouse Drive for construction, operation and maintenance of natural gas utility facilities. This to part of the Grove Bay project, bringing redevelopment to the waterfront in Coconut Grove. The other easement is with Florida Power & Light Co. for an underground easement of about 10 feet wide and 202 feet long at the same address for electric utility facilities.