WEEK OF THURSDAY, OCTOBER 15, 2015
A Singular Voice in an Evolving City
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TRANSPORTATION
136 Metrorail cars to be made in Medley, roll by 2017, pg. 9 BOND DISCLOSURE: Before Miami-Dade voters go to the polls for a referendum on bond borrowing to build a project, they will receive an estimate of the facility’s operation and maintenance costs as well as the funding source. County commissioners voted, 9-3 Oct. 6 to disclose the information within bond summaries. Dennis Moss, Barbara Jordan and Jean Monestime voted no. Juan Zapata, prime sponsor of the ordinance, was absent when it came up. During other meetings when the legislation was debated, however, he made his views clear and said voters should know exactly what they’re committing to when they vote to borrow via general obligation bonds. Additionally, he said, voters should know that property taxes will pay the cost of maintaining the facilities.
Venetian Causeway’s future remains under study, pg. 11
THE ACHIEVER
Wells Fargo wins bid BY SUSAN DANSEYAR
BUSINESS BUILDERS: To attract new local businesses, a county committee is to consider today (10/15) asking for a report within four months that would list all county efforts to create and promote local businesses, analyze whether these efforts can be improved, uncover any county practices that impede business formation and analyze ways to overcome those barriers. The resolution by Rebeca Sosa asks that the Beacon Council, Miami-Dade Chamber of Commerce and other local business organizations be involved in the study. The Economic Prosperity Committee is to vote on her measure. DRIVER EDUCATION: Miami-Dade Mayor Carlos Gimenez would be asked to work with county school officials to review the hours of school operation, determine their impact on road traffic and evaluate options to reduce traffic congestion under a resolution that a county commission committee was to consider this week. The resolution by Rebeca Sosa notes that the nation’s fourth largest school system, with 392 schools, 345,000 students and more than 40,000 employees, contributes to morning rush hour traffic jams. IMPACT FEES FOR TRANSIT: A Miami-Dade County committee is to vote this week on allowing road impact fees to fund mass transit projects that benefit multiple impact fee districts. Legislation coming before the Transit and Mobility Services committee, if approved by the full commission, would permit using the funds for specific transit capital projects that commissioners determine, after a hearing, would be effective as part of the county’s strategy for providing roadway capacity and benefit each of the impact fee districts contributing roadway trust funds to the transit improvement. The roadway trust funds would not be used on existing deficiencies.
Gia Arbogast
Photo by Marlene Quaroni
Building on technology at Miami-Dade Public Library The profile is on Page 4
Soccer stadium play: label ballpark area ‘slum’ Miami-Dade County is being asked to put the ball in play today (10/15) to create a redevelopment agency enveloping Marlins Park and use the agency’s tax proceeds to buy land next door for a soccer stadium that would also house University of Miami football games. The resolution by Commissioner Bruno Barreiro comes before the county’s Economic Prosperity Committee for its blessing. Final approval would come later from the full county commission. To create the agency, which Mr. Barreiro labels the Orange Sports Complex Community Redevelopment Agency, the commission would have to declare the area that includes the baseball stadium “slum and blighted,” in the words of his resolution. Marlins Park opened in 2012 to much fanfare as a revitalizing agent for its slice of Little Havana. Miami city commissioners authorized construction of four garages wrapped in more than 53,000 square feet of retail intended to focus on upscale visitors that the ballpark was expected to lure. The county and city combined invested nearly $3 billion, including interest, in the ballpark. But redevelopment of the area never began.
AGENDA
Bill paying will pay off for county
Team to pay to shrink field dimensions, pg. 8 the stadium site. A consortium headed by former British soccer star David Beckham now is seeking a stadium beside the ballpark for a Major League Soccer franchise that has been granted to him if he can get the stadium. The consortium has sought several sites and been rebuffed. It early on rejected the site beside the baseball stadium as tainted by the Miami Marlins financing deal but now has embraced it. Talks have reportedly been held with the University of Miami about moving its football games from Sun Life Stadium at the northern edge of the county to the site beside the ballpark, much nearer the Coral Gables campus. The resolution asks the commission to select a consultant to prepare a Finding of Necessity study for the redevelopment agency. The study is required by state statute to initiate a redevelopment agency. The study is to consider whether a redevelopment agency could be used to fund land for the dual-purpose stadium as well as the construction of a Metromover leg from Government Center downtown to
The study, the resolution says, would provide for the redevelopment agency to close its doors once the two projects were fully funded. It would also provide that county taxes pay in half of the redevelopment agency’s trust fund and all other taxing authorities contribute the other half. Because the site is in the City of Miami, that would require the city to contribute a large share of the other half of the redevelopment agency’s funding. The agency’s boundaries are suggested to be Flagler Street to the South, Northwest 22nd Avenue to the west, and the Miami River to the north and east, though the resolution says the study being sought could expand that area if needed. Community redevelopment agencies by statute create trust funds that retain 95% of the increase in tax revenues from their area above the taxes that were collected before the agency was born. The agency uses that money to finance or refinance any redevelopment it undertakes. In this case, it would include stadium land and Metromover construction, though it could include more.
Miami-Dade commissioners voted 11-1 last week to waive bid procedures and award Wells Fargo Bank a revenue-generating contract estimated at $3.1 million for an accounts payable system through a credit card. Under the EPay Program, the county will get cash rebates from Wells Fargo by paying its vendors through credit card technology for five years. The contract allows a three-year option to renew. Chairman Jean Monestime cast the opposing vote, saying he doesn’t support bid waivers. Memos accompanying the resolution estimated $2 million revenue to the county will be generated in the initial five years. The amount includes estimated annual revenue of $380,000 from rebates and a one-time, non-refundable $100,000 sign-on bonus presented to the county within 30 days after execution of the agreement. If the county exercises the single three-year option to renew, the cumulative revenue is projected at $3.14 million. Additionally, the first year that spending volume reaches $50 million, Wells Fargo is to pay the county a one-time $50,000 bonus. The projected revenues are based on a Wells Fargo analysis that county Finance Department staff reviewed. The analysis included a review of county vendors, the amount spent, the number of county vendors already enrolled in Wells Fargo’s program and other historical data, which resulted in a projected spending volume under the program of $26 million yearly. The county’s accounts payable module must be modified to use this payment method, at an estimated $100,000 one-time cost. Additionally, an annual recurring expense of about $50,000 is anticipated to assist vendors, process files and reconcile and issue payments to vendors. The sign-on bonus and rebates will cover these expenses.
EB-5 VISA CENTER PLANS TO FUND VETERANS VILLAGE ...
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CAR-SHARING FIRM SHIFTING 100 CARS TO MIAMI BEACH ... 10
IN BROAD EFFORTS, MIAMIANS PUSHING A CHINESE HUB ...
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HANDS REACH OUT AS EXPRESSWAY AUTHORITY PROFITS ...15
VIEWPOINT: ASSESS PORT’S NEEDS BEFORE LAND DEAL ...
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FUNDING FOR UM TECHNOLOGY PARK AN IFFY BUSINESS ... 16
AIRPORT, SEAPORT UNITING TO CREATE CRUISE CENTER ...
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668 MORE RESIDENCES ADVANCING FOR BRICKELL KEY ...
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