FYI Miami: November 1, 2018
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.
DERELICT RULES: Miami city commissioners unanimously approved new rules to deal with derelict ships and vessels, establishing a process for the Code Enforcement Board to remove, destroy and dispose of them. The legislation says a number of derelicts in, on and under the city’s public waterways and on the shoreline pose potential hazards to navigation and commercial and recreational use of waters, and to the environment. State law grants the city authority to provide for the removal and disposition, including destruction, of derelict vessels.
LOTS OF NEW USES: The Miami Parking Authority, which owns several properties in the city, is preparing to study other possible uses at one older parking lot. The Off-Street Parking Board approved hiring Bermello Ajamil & Partners for $65,000 to analyze program options for a possible joint development of the authority’s Southwest Eighth Street surface lot. To maximize use of its properties and potential revenue, the agency has been actively looking at inventory to determine best possible uses, Authority COO Alejandra Argudin told the board. One such property is the 24,500-square-foot lot on Southwest Eighth Street just south of Domino Park. Ms. Argudin said the lot is underutilized. The architecture and engineering firm will work with authority staff recommending options that include ground floor retail; a visitor center, services and other exhibits or support; multi-level parking decks; community facilities; workforce and elderly housing; upper-level roof gardens, and more.
BANK ADDS IN NEW YORK: Miami-based International Finance Bank has acquired the international portfolio of New York-based Modern Bank, retained the personnel of Modern Bank’s international banking department and added a New York location at 623 Fifth Ave. in a $152 million acquisition that brings the bank’s total assets to about $700 million.
CUTTING CUTLER BAY TREES: Cutler Bay gave homeowners who let their trees overgrow a subtle warning to maintain their unruly flora by reprinting on its website a section of the town’s code detailing their responsibilities. “Every property owner of any tree overhanging any street or right-of-way within the town shall prune the branches [to] not substantially obstruct the view of any street intersection and [provide] a clear space of 13 feet above street surface or eight feet above the sidewalk surface,” the Oct. 1 post partially states. The Town of Cutler Bay has received the Tree City USA Award for nine consecutive years since 2009, according to the town’s website, which also states the municipality has been given the Tree City USA Growth Award every year since 2012 by the Arbor Day Foundation.