Miami-Dade Legislative Item
File Number: 180059
Printable PDF Format Download Adobe Reader  

File Number: 180059 File Type: Ordinance Status: Amended
Version: 0 Reference: Control: County Commission
File Name: TAX INCREMENT FINANCING TRANSPORTATION INFRASTRUCTURE Introduced: 1/11/2018
Requester: NONE Cost: Final Action:
Agenda Date: 2/6/2018 Agenda Item Number: 7A
Notes: SEE 180354 FOR FINAL VERSION AS ADOPTED. Title: ORDINANCE RELATED TO TAX INCREMENT FINANCING AND TRANSPORTATION INFRASTRUCTURE DEVELOPMENT; CREATING ARTICLE CLIX OF CHAPTER 2 OF THE CODE OF MIAMI-DADE COUNTY, FLORIDA; CREATING THE MIAMI-DADE COUNTY TRANSPORTATION INFRASTRUCTURE IMPROVEMENT DISTRICT; PROVIDING THAT THE DISTRICT SHALL BE WITHIN A CERTAIN DISTANCE OF PROPOSED ALIGNMENTS OF THE STRATEGIC MIAMI AREA RAPID TRANSIT (“SMART”) PLAN RAPID TRANSIT CORRIDORS; ESTABLISHING A TRUST FUND; DEFINING SMART PLAN RAPID TRANSIT CORRIDOR PROJECTS ELIGIBLE FOR TRUST FUND REVENUES; LIMITING THE USE OF TRUST FUND REVENUES TO THE DEVELOPMENT, CONSTRUCTION, MAINTENANCE, AND OPERATION OF SMART PLAN RAPID TRANSIT CORRIDOR PROJECTS; PROVIDING FOR THE FUNDING OF THE TRUST FUND FROM TAX INCREMENT REVENUES WITHIN THE DISTRICT; PROVIDING FOR REPEAL; PROVIDING SEVERABILITY, INCLUSION IN THE CODE, AND AN EFFECTIVE DATE [SEE ORIGINAL ITEMS UNDER FILE NOS. 171956, 172615, 172793]
Indexes: SMART PLAN CORRIDOR
Sponsors: Esteban L. Bovo, Jr., Prime Sponsor
  Audrey M. Edmonson, Co-Sponsor
  Sally A. Heyman, Co-Sponsor
  Jean Monestime, Co-Sponsor
  Dennis C. Moss, Co-Sponsor
  Rebeca Sosa, Co-Sponsor
Sunset Provision: No Effective Date: Expiration Date:
Registered Lobbyist: None Listed


Legislative History

Acting Body Date Agenda Item Action Sent To Due Date Returned Pass/Fail

Board of County Commissioners 2/6/2018 7A Amended
REPORT: First Assistant County Attorney Geri Bonzon Keenan read into the record the title of the foregoing proposed ordinance. It was moved by Vice Chairwoman Edmonson that the Board of County Commissioners adopt the foregoing ordinance as amended. This motion was seconded by Commissioner Sosa; and upon being put to a vote, the motion passed by a vote of 11-1 (Commissioner Suarez voted no). Commissioner Heyman was absent The Board amended this ordinance to change the second, third, and eighth lines on handwritten page 19, Section 2-2363, to read as follows: "The Miami-Dade County Transportation Infrastructure Improvement District (the "District") is hereby established. The District shall include all>>real<<properties wholly or partially located within 1/2 mile of the >>existing Metrorail corridor and<<proposed alignments, pursuant to Resolution No. R-523-16, of the SMART Plan rapid transit corridors, except for the East-West Corridor. With respect to the East-West Corridor, all >>real<< properties wholly or partially located within 1 mile of the proposed alignment, pursuant to Resolution No. R-523-16, shall be included within the District." The Board further amended this ordinance by changing the language to say that the UMSA area shall not pay additional funds and have all surrounding corridors pay equally. The amended version of this ordinance would be assigned Ordinance Number O-18-8.

Chairmans Policy Council 1/18/2018 1G1 Substitute No. 3 Forwarded to BCC with a favorable recommendation P
REPORT: Assistant County Attorney Bruce Libhaber read the foregoing ordinance into the record. Chairman Bovo opened the floor to public comment for this item and the following person appeared: Mr. Charles Scurr, Executive Director, Citizens Independent Transportation Trust (CITT), advised the Trust has been focused on finding ways to fund the SMART PLAN and noted their analysis concluded innovative funding sources were needed in order to advance the plan. He also mentioned the CITT passed a resolution supporting the Tax Increment Financing and urged the Board to look at other funding sources. Mr. Scurr reminded the Council about the Transportation Summit scheduled for next Thursday, January 25, 2018, and invited everyone to attend. Seeing no other persons wishing to appear, Chairman Bovo closed the floor to public comment. Assistant County Attorney Michael Mastrucci advised Commissioner Moss the primary change in the supplement to Agenda Item 1G1Substitute No. 3 included how the increment would be calculated. Commissioners Moss, Heyman, Edmonson, and Monestime requested to be added as co-sponsors to Agenda Item 1G1Supplement Substitute No. 3. Commissioner Moss mentioned he would be introducing a discussion item regarding the gas taxes, since it would create another funding source to the SMART Plan. He stated he was very supportive of this item and also the efforts of the Transportation Planning Organization (TPO) to present the community with something that had been promised. Chairman Bovo agreed with the comments made by Commissioner Moss and acknowledged his historic leadership on this subject. Commissioner Monestime commended Chairman Bovo for the work accomplished on this item. He announced he would be requesting the County Attorney’s office to prepare an item to bring before the Board asking the voters for another half penny tax and stated he would like to have a discussion with the Chairman once this item was prepared. Commissioner Monestime commented that time was running out for this Board’s legacy and urged the Board to stop being afraid to fail and to be bolder for the future. Commissioner Heyman commended Ms. Aileen Boucle, TPO Director, for engaging the cities in solidarity behind the SMART Plan. She reported the Northeast Corridor plan would be modified through the Brightline track with existing line and it would also provide intra-county service. Commissioner Heyman stated this corridor was the best value based on having willing and ready investors along with largest population moving within two miles of the corridor on a daily basis. Commissioner Moss commented his district would not be supportive of an additional half penny tax and stated progress needed to be shown based on past promises before obtaining supplementary support from the community. Commissioner Edmonson advised, pass the year 2020, the main promoters of the SMART Plan from this administration, along with the commissioners from districts 5, 9 and 13, would no longer be in office and she indicated a plan needed to be in place to ensure this project moved forward. Chairman Bovo commented the TIF legislation provided for revenue without the contemplation of zoning and impact on the project. He acknowledged the work accomplished and guidance received by Mayor Gimenez; and also his staff with their flexibility regarding this item. Mayor Gimenez agreed the Northeast Corridor should be activated soon as possible, but indicated he was unsure if that Corridor would be administered by Brightline or Tri-Rail. He believed this would be a very popular route that should be activated for commuter rail with limited stops and may require additional train service, but pointed out the County would not have to invest a lot of money in the infrastructure itself. Mayor Gimenez also stated work could be done immediately on the South Dade busway to show the community that progress was being made and mentioned Miami-Dade County (MDC) was selected as one of the top 10% areas for Amazon’s second headquarters. He noted further discussions would be held be held to determine the necessary elements to position MDC as Amazon’s second headquarters. In response to Commissioner Moss’ question regarding the FIFA World Cup games, Mayor Gimenez advised discussion would be held with the Board, but noted there were issues with the application and stated a conditional application would be submitted protecting the interest of MDC. Hearing no further comments or questions, the Council members proceeded to vote on the foregoing item as presented.

County Attorney 1/11/2018 Referred Chairmans Policy Council 1/18/2018

County Attorney 1/11/2018 Assigned Annery Pulgar Alfonso

Legislative Text


TITLE
ORDINANCE RELATED TO TAX INCREMENT FINANCING AND TRANSPORTATION INFRASTRUCTURE DEVELOPMENT; CREATING ARTICLE CLIX OF CHAPTER 2 OF THE CODE OF MIAMI-DADE COUNTY, FLORIDA; CREATING THE MIAMI-DADE COUNTY TRANSPORTATION INFRASTRUCTURE IMPROVEMENT DISTRICT; PROVIDING THAT THE DISTRICT SHALL BE WITHIN A CERTAIN DISTANCE OF PROPOSED ALIGNMENTS OF THE STRATEGIC MIAMI AREA RAPID TRANSIT (“SMART”) PLAN RAPID TRANSIT CORRIDORS; ESTABLISHING A TRUST FUND; DEFINING SMART PLAN RAPID TRANSIT CORRIDOR PROJECTS ELIGIBLE FOR TRUST FUND REVENUES; LIMITING THE USE OF TRUST FUND REVENUES TO THE DEVELOPMENT, CONSTRUCTION, MAINTENANCE, AND OPERATION OF SMART PLAN RAPID TRANSIT CORRIDOR PROJECTS; PROVIDING FOR THE FUNDING OF THE TRUST FUND FROM TAX INCREMENT REVENUES WITHIN THE DISTRICT; PROVIDING FOR REPEAL; PROVIDING SEVERABILITY, INCLUSION IN THE CODE, AND AN EFFECTIVE DATE [SEE ORIGINAL ITEMS UNDER FILE NOS. 171956, 172615, 172793]

BODY
WHEREAS, South Florida has consistently ranked as one of the most heavily congested regions in the country for automobile traffic, and in 2010 was ranked as the worst east coast metropolitan area for traffic; and
WHEREAS, accordingly, it is imperative for the betterment of our community and economic growth that the federal, state and local governments work together to improve existing public transit systems, to move forward with new public mass transit projects, and to develop cost-effective and innovative solutions to fund new public transportation infrastructure; and
WHEREAS, the Miami-Dade Metropolitan Planning Organization (“MPO”), now known as the Transportation Planning Organization, through its Transit Solutions Committee, received and considered input from transportation partner agencies, elected officials, and the public at large in order to designate six rapid transit corridors as a high priority; and
WHEREAS, on February 16, 2016, the MPO Governing Board adopted Resolution #06-16 establishing a policy to set as highest priority for the community the advancement of rapid transit corridors and transit supportive projects in Miami-Dade County; and
WHEREAS, rapid transit is a form of high-speed urban passenger transportation such as heavy rail, light rail, commuter rail, or bus rapid transit on a dedicated lane; and
WHEREAS, on April 21, 2016, the MPO Governing Board adopted Resolution #26-16 endorsing the Strategic Miami Area Rapid Transit (“SMART”) Plan, an initiative to advance six rapid transit corridors [[along with a network system of Bus Express Rapid Transit service]]1 in order to implement mass transit projects in Miami-Dade County; and
WHEREAS, the six SMART Plan rapid transit corridors are the: Beach Corridor, East-West Corridor, Kendall Corridor, North Corridor, Northeast Corridor, and South Dade Transitway; and
WHEREAS, the MPO Governing Board also directed the MPO Executive Director to work with the MPO Fiscal Priorities Committee to determine the costs and potential funding sources for project development and environment studies for the projects, and to take all necessary steps to implement the SMART Plan; and
WHEREAS, on May 12, 2016, the Citizens’ Independent Transportation Trust expressed its support for the SMART Plan and for the use of Charter County Transportation Surtax funds for the necessary project development and environment studies; and
WHEREAS, on June 7, 2016, this Board adopted Resolution No. R-523-16 endorsing the SMART Plan as approved by the MPO; and
WHEREAS, implementation of the SMART Plan, in whole or in part, has countywide significance; and
WHEREAS, a tool to help finance the SMART Plan >>rapid transit corridor<< projects involves the creation of >>a<< locally designated tax increment financing district[[s]], which would allow the County to utilize—or pledge through the issuance of bonds—future ad valorem tax revenue increases in a designated area to help fund the SMART Plan >>rapid transit corridor<< projects; and
WHEREAS, as transportation infrastructure improvements are implemented in a tax increment financing district, properties within one-half mile of such transportation infrastructure improvements are likely to increase in value, thereby generating incremental property tax revenues; and
WHEREAS, tax increment financing has been used by other counties throughout Florida, including Escambia County, Orange County and Pasco County, to fund transportation infrastructure; and
WHEREAS, the Miami-Dade County Home Rule Charter and section 125.01, Florida Statutes, empower[[s]] the Board of County Commissioners to provide and operate public transportation systems; levy and collect taxes; borrow and expend money; and issue bonds, revenue certificates, and other obligations of indebtedness; and
WHEREAS, this Board finds that there exist[[s]] limited transportation options and increasing traffic congestion within the SMART Plan >>rapid transit corridors<< [[Corridors]]; and
WHEREAS, the improvement of these transportation conditions through funding of rapid transit infrastructure improvements and operations is a proper matter of County policy and concern and is a valid and desirable public purpose; and
WHEREAS, this Board finds that using tax increment financing to fund transportation infrastructure improvements and operations will enable the County to maintain and grow its economic competitiveness while maintaining and improving its residents’ high quality of life, and robust multimodal transportation systems are key to the County’s economic vitality for existing and future residents, workers and visitors and can positively impact the health, safety, and welfare of the residents of the County; and
WHEREAS, this Board desires to utilize tax increment financing to fund transportation infrastructure improvements and operations for the development and/or operation of the SMART Plan,
BE IT ORDAINED BY THE BOARD OF COUNTY COMMISSIONERS OF MIAMI-DADE COUNTY, FLORIDA:
Section 1. The foregoing recitals are deemed true and correct and are hereby incorporated into this ordinance.
Section 2. Article [[CLVIV]] >>CLIX<< of Chapter 2 of the Miami-Dade County Code of Ordinances is hereby created to read:


Section 2-2361 Findings and Declaration of Necessity

It is hereby found and declared that (i) there exist[[s]] limited transportation options and increasing traffic congestion within the Strategic Miami Area Rapid Transit (“SMART”) Plan >>rapid transit corridors<< [[Corridors]]; (ii) the improvement of these transportation conditions through funding of rapid transit infrastructure improvements and operations is a proper matter of Miami-Dade County policy and concern and is a valid and desirable public purpose; (iii) implementation of the SMART Plan >>rapid transit corridor<< projects, in whole or in part, has countywide significance; (iv) a tool to help finance SMART Plan >>rapid transit corridor<< projects involves the creation of >>a<< locally designated tax increment financing district[[s]], which would allow Miami-Dade County to utilize—or pledge through the issuance of bonds—future ad valorem tax revenue increases in a designated area to help fund SMART Plan >>rapid transit corridor<< projects; (v) as transportation infrastructure improvements are implemented in a tax increment financing district, properties within one-half mile of such transportation infrastructure improvements are likely to increase in value, thereby generating incremental property tax revenues; (vi) robust multimodal transportation systems are key to Miami-Dade County’s economic vitality for existing and future residents, workers and visitors and can positively impact the health, safety, and welfare of [[the]] Miami-Dade County residents; and (vii) using tax increment financing to fund transportation infrastructure improvements and operations will enable Miami-Dade County to maintain and grow its economic competitiveness while maintaining and improving its residents’ high quality of life.

Section 2-2362 Definitions

In construing the provisions of this article, where the context will permit and no definition is provided herein, the definitions provided in the National Transit Database Glossary shall apply. As used in this Article the following terms shall have the following meaning:

>>(a) “Base Taxable Valuation” shall mean with respect to any year commencing after October 1, 2017, (1) the amount of the Taxable Valuation (as defined below) for the Fiscal Year commencing October 1, 2017, (2) increased by an assumed annual growth factor of 4.5 percent.<<

>>(b)<< [[(a)]] “Bus rapid transit” shall mean a bus-based transit system that consists, at a minimum, of >>semi-exclusive or<< exclusive right-of-way, traffic signal priority, off-board fare collection, elevated platforms, defined stations, and short headway bidirectional services for a substantial part of weekdays and weekend days.



>>(c)<< [[(b)]] “Commuter rail” shall mean a transit mode that is an electric or diesel propelled railway for urban passenger train service consisting of local short distance travel operating on a regular basis between a central city and adjacent suburbs, within urbanized areas, or between urbanized areas and outlying areas.

>>(d)<< [[(c)]] “Heavy rail” shall mean a transit mode that is an electric railway with passenger railcars operating on fixed rails in >>semi-exclusive or<< exclusive right[[s]]-of-way from which all other vehicular and foot traffic are excluded, and where vehicle power is drawn from overhead lines or third rails.

>>(e)<< [[(d)]] “Light rail” shall mean a transit mode that consists of an electric railway with passenger railcars operating on fixed rails in shared>>, semi-exclusive,<< or exclusive right-of-way and where vehicle power is drawn from an overhead electric line.

>>(f)<< [[(e)]] “Rolling stock” shall mean transit vehicles, such as buses, vans, cars, trains, railcars, light rail vehicles, locomotives, trolley cars and buses, ferry boats, and vehicles used on guideways and incline planes.

>>(g)<< [[(f)]] “Strategic Miami Area Rapid Transit Plan” or “SMART Plan” shall mean the initiative to advance six rapid transit corridors [[along with a network system of bus rapid transit]] in order to implement mass transit projects in Miami-Dade County as adopted by the Board of County Commissioners (the “Board”) pursuant to Resolution No. R-523-16.

>>(h) “SMART Plan rapid transit corridors” shall mean the Beach Corridor, East-West Corridor, Kendall Corridor, North Corridor, Northeast Corridor, and South Dade Transitway, as those corridors have been defined and depicted in the SMART Plan.<<

>>(i)<< [[(g)]] “SMART Plan rapid transit corridor projects” shall mean the >>development, construction, operation or maintenance of the<< Beach Corridor, East-West Corridor, Kendall Corridor, North Corridor, Northeast Corridor, and South Dade Transitway, wherein such >>corridors<< [[projects]] consist of a form of high-speed urban passenger transportation limited to heavy rail, light rail, commuter rail, or bus rapid transit.

>>(j) “Tax Increment” shall mean the amount by which (i) the ad valorem Countywide tax revenues that would have been generated at the millage rate in effect for the current Fiscal Year at the current Taxable Valuation (as defined below) exceeds (ii) the ad valorem Countywide tax revenues that would have been generated at the millage rate in effect for the current Fiscal Year at the Base Taxable Valuation.<<

>>(k) “Taxable Valuation” shall mean the taxable value of all real property within the Miami-Dade County Transportation Infrastructure Improvement District, based on the Property Appraiser’s preliminary tax roll.<<

>>(l)<< [[(h)]] “Transit” shall mean public transportation.

Section 2-2363 Transportation Infrastructure Improvement District Created.

The Miami-Dade County Transportation Infrastructure Improvement District (the “District”) is hereby established. The District shall include all properties wholly or partially located within 1/2 mile of the proposed alignments>>, pursuant to Resolution No. R-523-16,<< of the [[Strategic Miami Area Rapid Transit (“]]SMART[[”)]] Plan rapid transit corridors, except for the East-West Corridor [[, as shown in Exhibit A, which shall be maintained by the Miami-Dade County Department of Regulatory and Economic Resources or its successor department]]. With respect to the East-West Corridor, all properties wholly or partially located within 1 mile of the proposed alignment, >>pursuant to Resolution No. R-523-16,<< [[as shown in Exhibit A,]] shall be included within the District. >>If any portion of a parcel of real property is located within the geographical boundaries of the District, the whole parcel shall be deemed to be located within the District.

The geographical boundaries of the District and the legal descriptions of the real properties included therein shall be based on the Property Appraiser’s 2017 first certified tax roll as of October 26, 2017. A document listing the real properties that are within the boundaries of District, in accordance with this section, shall be kept on file with the Miami-Dade County Department of Regulatory and Economic Resources or its successor department.<<

[[Any proposed changes to the alignment of the SMART Plan rapid transit corridors after the effective date of this ordinance shall be subject to Board approval by resolution.]]

Section 2-2364 Transportation Infrastructure Improvement District Trust Fund.

(a) The Miami-Dade County Transportation Infrastructure Improvement District Trust Fund (the “Trust Fund”) is hereby established. Subject to annual appropriation by the Board >>and notwithstanding Section 2-11.21 of the Code<<, the County shall>>, by January 1 of each year beginning January 1, 2019, deposit<< [[annually pay]] into the Trust Fund >>an amount equal to the Tax Increment as defined in Section 2-2362 above, excluding any amount from debt service millage and any amount derived from properties located within Community Redevelopment Areas established in accordance with Chapter 163, Florida Statutes, (“CRA”) for the duration of the County’s legal obligation to contribute into the CRA trust funds.<< [[the increment, which shall be that amount equal to a percentage, between 25 and 50 percent as set annually by the Board through resolution no later than by May 31st of each year, of the difference between:]]

>>By resolution, and subject to annual appropriation, the Board may authorize the calculation of the Tax Increment as defined in Section 2-2362 and as described above to also include the taxes levied on behalf on the Unincorporated Municipal Service Area.<<


[[i. the amount of ad valorem taxes levied each year by the
County in countywide taxes and in taxes levied on
behalf of the Unincorporated Municipal Service Area,
exclusive of any amount from debt service millage and
any amount derived from properties located within
Community Redevelopment Areas established in
accordance with Chapter 163, Florida Statutes, (“CRA”)
for the duration of the County’s legal obligation to
contribute into the CRA trust funds; and

ii. the amount of ad valorem taxes which would have been
generated each year by the County in countywide taxes
and in taxes levied on behalf of the Unincorporated
Municipal Service Area, exclusive of any debt service
millage and any amount derived from properties located
within CRAs for the duration of the County’s legal
obligation to contribute into the CRA trust funds, upon
the total of the assessed value of the taxable real
property in the District as shown upon the most recent
assessment roll used in connection with the taxation of
such property by the County prior to the effective date
of this ordinance (the “Base Year”).]]

[[This amount, calculated as described above, shall be referred to as the “Increment.” In the event that the Board approves changes to the District based upon movement of the proposed alignments of the SMART Plan rapid transit corridors, the Increment shall continue to be calculated based upon the same Base Year but as to the assessed value of the taxable real property in the changed District.]]




[[(b) Consistent with Section 2-11.21, any portion of the Increment from taxes levied on behalf of the Unincorporated Service Area shall be utilized solely for eligible expenses in Section 2-2365 for SMART Plan rapid transit corridor projects within the Unincorporated Municipal Service Area.]]

[[(c) In the event that any bond, note or other form of indebtedness, including
advances and pledging, obligate the Increment, the percentage used for the
above referenced calculation shall be set by the Board and shall not be
adjusted so long as there is outstanding indebtedness pledging the
Increment.]]

[[(d)]] >>(b)<< The County shall[[, by October 1st of each year,]] appropriate to the Trust Fund so long as there is outstanding indebtedness pledging the >>Tax<< Increment which has been approved by this Board, a sum that is no less than the >>Tax<< Increment. In no year shall the County’s obligation to the Trust Fund exceed the amount of that year’s >>Tax<< Increment. The County’s >>Tax<< Increment contribution is to be accounted for as separate revenue within the Fund but may be combined with other revenues for the purpose of paying debt service. The Board must approve the amount, duration of the obligation and the purpose of any bond, note or other form of indebtedness, including advances, pledging or otherwise obligating the >>Tax<< Increment.


Section 2-2365 Permitted Use of Funds.

Moneys in the Trust Fund may be expended from time to time to pay for the development, construction, maintenance, and/or operation of the SMART Plan rapid transit corridor projects, including but not limited to:

(a) expenses of development planning, professional fees, surveys and financial analysis;

(b) initial construction and reconstruction costs of the stations, stops, terminals, or intermodal facilities; parking facilities; guideway and tracks; sitework and special conditions; signals and systems; utility relocation; and any other facility or special conditions necessary for the implementation of the SMART Plan rapid transit corridor projects;

(c) the acquisition or lease of real property, rights-of-way, easements, and/or other property interests and/or improvements thereto, including but not limited to rail corridor easement payments for a SMART Plan rapid transit corridor project that uses a rail corridor owned by a third party;

(d) the initial and replacement costs of the rolling stock;

(e) the clearance and preparation of property for development;

(f) relocation of site occupants in order to utilize property;

(g) annual cost of operations for the SMART Plan rapid transit corridor projects;

(h) annual cost of maintenance for the SMART Plan rapid transit corridor projects;

(i) replacement capital costs and maintenance costs for the SMART Plan rapid transit corridor projects;

(j) the repayment of principal and interest or any redemption premium for loans, advances, bonds, bond anticipation notes and any other form of indebtedness;

(k) all expenses incidental to or connected with the issuance, sale, redemption, retirement or purchase of [[agency]] bonds, bond anticipation notes or other form of indebtedness, including funding of any reserve, redemption or other fund or account provided for in the ordinance or resolution authorizing such bonds, notes or other form of indebtedness;

(l) lump sum and/or periodic payments under a private public partnership agreement or an agreement with another government entity >>for the development, construction, maintenance, and/or operation of the SMART Plan rapid transit corridor projects<<; and/or

(m) [[Trust Fund moneys may only be used for bus rapid transit purposes if approved by a two-thirds vote of the membership of the Board.]] >>cost of maintenance, not to exceed in total for that year 20 percent of that year’s Tax Increment, for any portion of the Metrorail System in existence as of the effective date of this ordinance so long as such maintenance is necessary in order to operate any portion of any of the SMART Plan rapid transit corridor projects.<<

[[In no event shall Trust Fund moneys be used for anything other than the development, construction, maintenance and/or operation of the SMART Plan rapid transit corridor projects.]] Trust Fund moneys shall not be used for any form of transportation that includes charter service, sightseeing transportation, school buses, or transportation where the primary purpose of which is the movement of private passenger vehicles.

Section 2-2366 Remaining Funds and End of Fiscal Year

On the last day of the fiscal year, any funds which remain[[s]] in the Trust Fund after payment of the expenses listed in Section 2-2365 for such year shall remain in the Trust Fund for future use toward transportation infrastructure improvements for the development, construction, maintenance, and/or operation of the SMART Plan rapid transit corridor projects.

Section 2-2367 Public Purpose

This ordinance is hereby declared to be for a public purpose and for the welfare of the residents of Miami-Dade County, Florida, and shall be liberally construed to effectuate the purpose thereof.

Section 2-2368 Municipal Contribution to Trust Fund

Any municipality located in whole or in part within the District may enter into an interlocal with the County to contribute to the Trust Fund for the construction, maintenance, and/or operation of the SMART Plan rapid transit corridor projects.

Section 3. If any section, subsection, sentence, clause or provision of this ordinance is held invalid, the remainder of this ordinance shall not be affected by such invalidity.
Section 4. It is the intention of the Board of County Commissioners, and it is hereby ordained that the provisions of this ordinance, including any sunset provision, shall become and be made a part of the Code of Miami-Dade County, Florida. The sections of this ordinance may be renumbered or relettered to accomplish such intention, and the word "ordinance" may be changed to "section," "article," or other appropriate word.
Section 5. This ordinance shall stand repealed upon the la[t]ter of (a) 30 year(s) from its effective date, or (b) >>the date upon which<< all bonds, >>advances,<< loans or other forms of indebtedness>>, including interest thereon,<< secured by the Trust Fund are paid in full.
Section 6. This ordinance shall become effective ten (10) days after the date of enactment unless vetoed by the Mayor, and if vetoed, shall become effective only upon an override by this Board.


1 The differences between the substitute and the original item are indicated as follows: Words double stricken through and/or [[double bracketed]] are deleted, words double underlined and/or >>double arrowed<< are added.



Home  |   Agendas  |   Minutes  |   Legislative Search  |   Lobbyist Registration  |   Legislative Reports
2018 BCC Meeting Calendar  |   Miami-Dade County Code of Ordinances   |   ADA Notice  |  

Home  |  Using Our Site  |  About Phone Directory  |  Privacy  |  Disclaimer

E-mail your comments, questions and suggestions to Webmaster  

Web Site © 2018 Miami-Dade County.
All rights reserved.