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Reso 2006-891
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Reso 2006-891
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Last modified
7/1/2010 9:41:42 AM
Creation date
7/26/2006 4:51:01 PM
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CityClerk-Resolutions
Resolution Type
Resolution
Resolution Number
2006-891
Date (mm/dd/yyyy)
02/16/2006
Description
Accept Appraised Land Value/TDRs re: REGALIA 19505 Collins Avenue
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<br />Government <br /> <br />Miami-Dade County is comprised of unincorporated areas, as well as thirty-one municipalities, the <br />largest of which is the city of Miami. <br /> <br />Miami-Dade County is governed under a modified two-tier metropolitan government. The purpose <br />of this type government was to establish one governing body for the county, and to establish one <br />supply of services such as fire, police, etc. for the county. The upper tier is the County, which <br />provides broad "regional" or county functions, such as metropolitan planning, welfare, health and <br />transit services. The thirty-one municipalities represent the lower tier of government, providing a <br />varying array of services within their jurisdictional boundaries. The County also maintains lower tier <br />functions, such as the provision of municipal-type services, including police and fire, to the <br />unincorporated areas and certain municipalities on a negotiated basis. <br /> <br />The County operates under the Commission-Manager form of government. Legislative and policy- <br />making authority is vested in the elected thirteen-member Board of County Commissioners; the <br />Commission appointed County Manager is the chief administrator. Miami - Dade County has operated <br />under the metropolitan form of government since 1957, when the Home Rule Charter was passed <br />by the local electorate. Prior to Home Rule, the County had to rely on the State Legislature for the <br />enactment of its laws. <br /> <br />County government had not been able to respond to the tremendous demand for municipal services <br />in this rapidly urbanizing area, which is larger than the State of Rhode Island or Delaware. The need <br />to combine services duplicated by the County and numerous cities was also clearly evident. The <br />Charter permitted the limited County government to reorganize into a general purpose "municipal- <br />type" government capable of performing the full range of public functions into an area wide <br />operation. <br /> <br />Real Estate <br /> <br />As of the second quarter of2003, the Miami-Dade County Office Market contained approximately <br />34.55 million square feet of office space. Approximately 34.3% of this space is located in the <br />Miami central business district and adjacent Brickell A venue and 21.5% in the rapidly growing <br />Airport West area. <br /> <br />There was a decrease in the occupancy rate of office buildings in Miami-Dade County from 92% in <br />1981 to 77.6% in 1991. Since 1992, there was an increase in occupancy from 81.4% to 88.9% in <br />the fourth quarter of 1999. From the fourth quarter of 1999 to the fourth quarter of 200 I, the <br />occupancy rate remained relatively stable at around 88%. The overall County wide occupancy rate <br />as of the second quarter of 2003 has declined to 83.52%. Many new Class A buildings were <br />completed on Brickell A venue, in Coral Gables and on Miami Beach which caused an increase in <br />vacancy rates for 2003. <br /> <br />QUINLIVAN APPRAISAL <br /> <br />15 <br />
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