DOCSLIB.ORG

Comprehensive Annual Financial Report Fiscal Year Ended September 30, 2020

Total Page：16

File Type：pdf, Size：1020Kb

Download full-text PDF Read full-text
Comprehensive Annual Financial Report Fiscal Year Ended September 30, 2020 THE CITY O F PROGRESS est. 1925 COMPREHENSIVE ANNUAL FINANCIAL REPORT FISCAL YEAR ENDED SEPTEMBER 30, 2020 CITY OF HIALEAH, FLORIDA COMPREHENSIVE ANNUAL FINANCIAL REPORT FOR THE FISCAL YEAR ENDED SEPTEMBER 30, 2020 Prepared by: Finance Department CITY OF HIALEAH, FLORIDA TABLE OF CONTENTS PAGE I. INTRODUCTORY SECTION (UNAUDITED) Letter of Transmittal i-iv Certificate of Achievement v List of Elected City Officials vi Organizational Chart vii II. FINANCIAL SECTION Independent Auditors’ Report 1-2 Management’s Discussion and Analysis (Required Supplementary Information) 3-22 Basic Financial Statements: Government-Wide Financial Statements: Statement of Net Position 23 Statement of Activities 24 Fund Financial Statements: Balance Sheet – Governmental Funds 25 Statement of Revenues, Expenditures and Changes in Fund Balances – Governmental Funds 26 Reconciliation of the Statement of Revenues, Expenditures and Changes in Fund Balances of Governmental Funds to the Statement of Activities 27 Statement of Net Position – Proprietary Funds 28-29 Statement of Revenues, Expenses and Changes in Net Position – Proprietary Funds 30 Statement of Cash Flows – Proprietary Funds 31-32 Statement of Fiduciary Net Position – Fiduciary Funds 33 Statement of Changes in Fiduciary Net Position – Fiduciary Funds 34 Notes to Basic Financial Statements 35-90 Required Supplementary Information: Budgetary Comparison Schedule – General Fund 91 Budgetary Comparison Schedule – Building Fund 92 Note to Budgetary Comparison Schedule 93 Schedule of Changes in the City’s Net Pension Liability and Related Ratios – Employees’ Retirement System 94 Schedule of City Contributions – Employees’ Retirement System 95 Schedule of Investment Returns – Employees’ Retirement System 96 Schedule of Changes in the City’s Net Pension Liability and Related Ratios – Elected Officials’ Retirement System 97 Schedule of City Contributions – Elected Officials’ Retirement System 98 Schedule of Investment Returns – Elected Officials’ Retirement System 99 Schedule of Changes in the City’s Total OPEB Liability and Related Ratios 100 Supplementary Information: Combining and Individual Fund Statements: Comparative Balance Sheets – General Fund 101 Combining Balance Sheet – Nonmajor Governmental Funds 102-105 Combining Statement of Revenues, Expenditures and Changes in Fund Balances – Nonmajor Governmental Funds 106-109 Schedules of Revenues, Expenditures and Changes in Fund Balances – Budget and Actual – Nonmajor Governmental Funds 110-128 Combining Statement of Fiduciary Net Position 129 Combining Statement of Changes in Fiduciary Net Position 130 CITY OF HIALEAH, FLORIDA TABLE OF CONTENTS PAGE III. STATISTICAL SECTION (UNAUDITED) Net Position by Component – Last Ten Fiscal Years (Accrual Basis of Accounting) 131 Changes in Net Position – Last Ten Fiscal Years (Accrual Basis of Accounting) 132 Fund Balances of Governmental Funds – Last Ten Fiscal Years (Modified Accrual Basis of Accounting) 133 Changes in Fund Balances of Governmental Funds – Last Ten Fiscal Years (Modified Accrual Basis of Accounting) 134 Net Assessed Value of Taxable Property – Last Ten Fiscal Years 135 Property Tax Rates – Direct and Overlapping Governments – Last Ten Fiscal Years 136 Principal Property Taxpayers 137 Property Tax Levies and Collections – Last Ten Fiscal Years 138 Ratios of Outstanding Debt by Type – Last Ten Fiscal Years 139 Direct and Overlapping Governmental Activities Debt 140 Pledged Revenue Coverage – Last Ten Fiscal Years 141 Demographic and Economic Statistics – Last Ten Fiscal Years 142 Principal Employers – Current Year and Nine Years Ago 143 Full-Time Equivalent City Government Employees by Function – Last Ten Fiscal Years 144 Operating Indicators by Function/Program – Last Ten Fiscal Years 145 Capital Asset Statistics by Function/Program – Last Ten Fiscal Years 146 IV. COMPLIANCE SECTION Independent Auditors’ Report on Internal Control Over Financial Reporting and on Compliance and Other Matters Based on an Audit of Financial Statements Performed in Accordance with Government Auditing Standards 147-148 Independent Auditors’ Report on Compliance for Each Major Federal Program and State Project; Report on Internal Control Over Compliance required by Uniform Guidance and Chapter 10.550, Rules of the Auditor General 149-150 Schedule of Expenditures of Federal Awards and State Financial Assistance 151-153 Notes to Schedule of Expenditures of Federal Awards and State Financial Assistance 154 Schedule of Findings and Questioned Costs 155-158 Management Letter In Accordance with the Rules of the Auditor General of the State of Florida 159-160 Independent Accountants’ Report on Compliance with the Requirements of Section 218.415 Florida Statutes 161 INTRODUCTORY SECTION Council Members Carlos Hernandez Katharine Cue-Fuente Mayor Oscar De la Rosa Jacqueline Garcia-Roves Jesus Tundidor Paul B. Hernandez Council President Carl Zogby Monica Perez Council Vice-President City of Hialeah June 21, 2021 City of Hialeah To the Members of the City Council and Residents of the City of Hialeah: It is our pleasure to submit the Comprehensive Annual Financial Report for the City of Hialeah, Florida, for the fiscal year ending September 30, 2020. The financial statements included in this report conform to generally accepted accounting principles in the United States of America (GAAP) as prescribed by the Governmental Accounting Standards Board (GASB). The City of Hialeah’s financial statements have been audited by Caballero Fierman Llerena & Garcia, LLP Certified Public Accountants. The independent auditor concluded, based upon the audit, that there was a reasonable basis for rendering an unmodified opinion that the City of Hialeah’s financial statements for the fiscal year ended September 30, 2020, are fairly presented in conformity with GAAP. The independent auditors’ report is presented as the first component of the financial section of this report. This report consists of management’s representation concerning the finances of the City of Hialeah. Consequently, management assumes full responsibility for the completeness and reliability of all of the information presented in this report. To provide a reasonable basis for making these representations, management of the City of Hialeah has established a comprehensive internal control framework that is designed both to protect the government’s assets from loss, theft, or misuse and to compile sufficient reliable information for the preparation of the City of Hialeah’s financial statements in conformity with GAAP. Because the cost of internal controls should not outweigh their benefits, the City of Hialeah’s comprehensive framework of internal controls has been designed to provide reasonable rather than absolute assurance that the financial statements will be free from material misstatement. As management, we assert that, to the best of our knowledge and belief, this financial report is complete and reliable in all material respects. GAAP requires that management provide a narrative introduction, overview, and analysis to accompany the basic financial statements in the form of Management’s Discussion and Analysis (MD&A). This letter of transmittal is designed to complement the MD&A and should be read in conjunction with it. The City of Hialeah’s MD&A can be found immediately following the report of the independent auditors. PROFILE OF THE GOVERNMENT The City of Hialeah was incorporated in 1925 by the laws of the State of Florida contained in Chapter 11516 Special Acts of 1925. The City of Hialeah occupies a land area of 23 square miles and serves a population of approximately 240,000 residents. i 501 Palm Avenue, Hialeah, Florida · 33010-4719 www.hialeahfl.gov The City of Hialeah has operated under a strong mayor form of government since its inception. Policy making and legislative authority are vested in a governing council consisting of a seven member council. The council is responsible for, among other things, passing ordinances and adopting the budget. The Mayor is responsible for carrying out the policies and ordinances of the council, overseeing the day- to-day operations of the government, and appointing the heads of various departments. The City of Hialeah offers a wide range of services, including, public safety (police and fire), public works, streets, water and wastewater, sanitation, social services, cultural activities, public improvements, planning and zoning, building, libraries and educational services, and general administrative services. ECONOMIC CONDITION AND OUTLOOK Each fiscal year provides the City an opportunity to identify, address and resolve issues facing our community and our citizens. The City’s major challenges are to provide the infrastructure and services needed to maintain the quality of life, which has attracted considerable growth to our economy. The City continues to emphasize the support of systems such as transit, public safety (police and fire), storm water management, potable (drinking) water, waste treatment and solid waste collection which must be balanced carefully with the quality of life amenities which include parks and recreation, entertainment and cultural opportunities to maintain the beauty and attractiveness of our community. The biggest challenge facing the City in the coming year or longer is the concern of the effects of the COVID- 19 pandemic on the overall economy. This pandemic has had a significant negative impact on businesses in our City and the high unemployment rates has caused financial hardships on many
Load more

Recommended publications
  • House of Representatives Final Bill Analysis Summary
    HOUSE OF REPRESENTATIVES FINAL BILL ANALYSIS BILL #: CS/CS/CS/HB 695 FINAL HOUSE FLOOR ACTION: SUBJECT/SHORT South Florida Regional 111 Y’s 6 N’s TITLE Transportation Authority SPONSOR(S): Government Accountability Committee; Transportation & Tourism Appropriations GOVERNOR’S Subcommittee; Transportation & Approved ACTION: Infrastructure Subcommittee; Santiago COMPANION CS/CS/SB 842 BILLS: SUMMARY ANALYSIS CS/CS/CS/HB 695 passed the House on April 28, 2017, and subsequently passed the Senate on May 1, 2017. The bill addresses insurance liability issues related to the South Florida Regional Transportation Authority (SFRTA), which operates commuter rail service in Palm Beach, Broward, and Miami-Dade Counties. The bill provides SFRTA with the ability to indemnify the Florida East Coast Railway (FECR) and All Aboard Florida (AAF) under certain circumstances. The bill provides who is responsible for property damage and injury to certain persons associated with several scenarios involving rail accidents. The bill also provides an allocation of risk between the parties and includes provisions for passengers and other rail corridor invitees. The bill authorizes SFRTA to purchase railroad liability insurance of $295 million per occurrence, and allows it to adjust the limit in accordance with applicable law. The bill also requires SFRTA to maintain a $5 million self- insurance retention account. The bill authorizes the Department of Transportation (DOT) to indemnify and insure certain rail services on DOT-owned rail corridors. The bill prohibits SFRTA from entering into a contract or other agreement, or renewing or extending any existing contract or other agreement, which may be funded, in whole or in part, with DOT provided funds without DOT’s prior review and written approval of SFRTA’s proposed expenditures.
    [Show full text]
  • Tri-Rail 2013 On-Board Survey
    TRI-RAIL 2013 ON-BOARD SURVEY Prepared for: July 2013 South Florida Regional Transportation Authority 800 NW 33rd Street Pompano Beach, FL 33064 Prepared by: HNTB Corporation 8700 West Flagler Street, Suite 402 Miami, FL 33174 TABLE OF CONTENTS 1.0 INTRODUCTION ............................................................................................. 1 1.1 Scope of the Effort ........................................................................................................... 3 1.2 Previous Tri-Rail Surveys .................................................................................................. 3 2.0 SURVEY DESIGN ............................................................................................. 4 2.1 Sampling Plan ................................................................................................................... 4 2.2 Survey Instrument ............................................................................................................ 7 2.2.1 Overview / Comparison to Previous Survey Results ................................................................................ 7 2.2.2 Pretest ...................................................................................................................................................... 8 3.0 MINIMIZATION/MITIGATION OF NON-RESPONSE BIAS ................................. 9 4.0 IMPLEMENTATION ....................................................................................... 10 4.1 Training ..........................................................................................................................
    [Show full text]
  • Citizen's Version
    TIPTIPFISCAL YEARS 2021 - 2025 CITIZEN’S VERSION DRAFT APPROVED MAY xx, 2020 Transportation Improvement Program Fiscal Years 2020/2021 to 2024/2025 TIP Citizen’s Version Transportation Planning Organization for the Miami Urbanized Area 2021-2025 Citizen’s TIP This document was prepared by the Transportation Planning Organization for the Miami Urbanized Area in collaboration with the Florida Department of Transportation; Miami-Dade Expressway Authority; Florida’s Turnpike Enterprise; South Florida Regional Transportation Authority; Miami-Dade County Office of Strategic Business Management; Miami-Dade Department of Transportation and Public Works, Miami-Dade County Aviation Department; Miami-Dade Seaport Department; Miami-Dade League of Cities; Miami-Dade County Department of Regulatory and Economic Resources; and the Miami-Dade County Developmental Impact Committee. The Miami-Dade TPO complies with the provisions of Title VI of the Civil Rights Act of 1964, which states: No person in the United States shall, on grounds of race, color, or national origin, be excluded from participation in, be denied the benefits of, or be subjected to discrimination under any program or activity receiving federal financial assistance. It is also the policy of the Miami-Dade TPO to comply with all of the requirements of the Americans with Disabilities Act. For materials in accessible format please call (305) 375-4507. The preparation of this report has been financed in part from the U.S. Department of Transportation (USDOT) through the Federal Highway Administration (FHWA) and/or the Federal Transit Administration (FTA), the State Planning and Research Program (Section 505 of Title 23, U.S. Code) and Miami-Dade County, Florida.
    [Show full text]
  • RAIL SYSTEM PLAN December 2018 Table of Contents
    2015 FLORIDA RAIL SYSTEM PLAN December 2018 Table of Contents FLORIDA RAIL SYSTEM PLAN - 2018 UPDATE The Florida Department of Transportation (FDOT) Freight and Multimodal Operations Office (FMO) present this 2018 update of the 2015 Florida Rail System Plan. As new challenges have had a great impact on the needs and future projects identified in the 2015 Rail System Plan, FDOT prepared this update. CHALLENGES • New State Rail Plan Guidance was created in 2013 to set a standard format and elaborate on required elements of the plan to include a 5-year update cycle, and a requirement for states seeking capital grants under Sections 301, 302, and 501. See https://www.fra.dot.gov/Page/P0511. Thereafter, FDOT prepared a 2015 Rail System Plan that was completed in December 2015. The Plan was not published at that time, as major industry changes were expected and no public outreach had yet been conducted. • Major industry changes occurred that impacted most of the rail mileage in Florida: o CSX hired Hunter Harrison in spring of 2017, and radically changed the company by imposing precision-scheduled railroading instead of a hub-and-spoke system. This approach has been continued by CSX leadership through 2018. o Grupo México Transportes (GMXT), the leading rail freight transportation company in Mexico, successfully completed the acquisition of Florida East Coast Railway in 2017. o Brightline began service in 2018 between West Palm Beach, Ft. Lauderdale, and Miami later in the year, and with plans to connect to Orlando and potentially to Tampa in the future. APPROACH • The FAST Act (Title 49, Section 22702) passage in December 2015 changed the 5-year update cycle to a 4-year update cycle.
    [Show full text]
  • Overview of the Southern Double Tracking Project March 11, 2010
    Miami River – Miami Intermodal Center Capacity Improvement Project Public Hearing May 24, 2016 Presented by: MR-MICCI Public Hearing Environmental Assessment 2 Project Purpose & Need . Purpose o Increase rail capacity within the southernmost 1.25 miles of South Florida Rail Corridor . Need o Improve System Linkage o Address Existing and Future Transportation Demands & Operational Constraints o Support Economic Development o Improve Modal Interrelationships MR-MICCI Public Hearing Environmental Assessment 3 This public hearing is held in accordance with, but not limited to: • National Environmental Policy Act • Title VIII of the Civil Rights Act of 1968, as amended • Chapter 23 of United States Code 128 • Executive Order Number 11988, • Title 40 of the Code of Federal Regulations “Floodplain Management” Parts 1500 through 1508 • Executive Order Number 11990, • Title 23 of the Code of Federal Regulations “Protection of Wetlands” Part 771 • Executive Order Number 12898, • Federal Aid Highway Act of 1968, as “Environmental Justice” amended • US Department of Transportation • Florida Statute 339.155 Act of 1966 • Americans with Disabilities Act of 1990 • Title 50 Code of Federal Regulations, • Title VI of the Civil Rights Act of 1964, “Wildlife and Fisheries” as amended MR-MICCI Public Hearing Environmental Assessment 4 MR-MICCI Public Hearing Environmental Assessment 5 Alternatives Analysis Environmental Assessment (EA), Preliminary Engineering 2016 Final Design PublicInvolvement Construction MR-MICCI Public Hearing Environmental Assessment
    [Show full text]
  • TRI-RAIL Train Time Schedule & Line Route
    TRI-RAIL train time schedule & line map TRI-RAIL Tri-Rail View In Website Mode The TRI-RAIL train line (Tri-Rail) has 2 routes. For regular weekdays, their operation hours are: (1) North: 4:15 AM - 9:40 PM (2) South: 4:00 AM - 8:40 PM Use the Moovit App to ƒnd the closest TRI-RAIL train station near you and ƒnd out when is the next TRI-RAIL train arriving. Direction: North TRI-RAIL train Time Schedule 18 stops North Route Timetable: VIEW LINE SCHEDULE Sunday 5:17 AM - 9:42 PM Monday 4:15 AM - 9:40 PM Miami Airport Station Tuesday 4:15 AM - 9:40 PM Hialeah Market Station Seaboard Drive, Hialeah Wednesday 4:15 AM - 9:40 PM Tri-Rail/Metrorail Transfer Station Thursday 4:15 AM - 9:40 PM 125 E 21st St, Hialeah Friday 4:15 AM - 9:40 PM Opa-Locka Station Saturday 5:17 AM - 9:42 PM 771 Burlington St, Opa-locka Golden Glades Station Hollywood Station TRI-RAIL train Info Direction: North Sheridan Street Station Stops: 18 Trip Duration: 120 min Fort Lauderdale/Hollywood International Airport Line Summary: Miami Airport Station, Hialeah at Dania Beach Station Market Station, Tri-Rail/Metrorail Transfer Station, Opa-Locka Station, Golden Glades Station, Fort Lauderdale Station Hollywood Station, Sheridan Street Station, Fort 200 Southwest 21st Terrace, Fort Lauderdale Lauderdale/Hollywood International Airport at Dania Beach Station, Fort Lauderdale Station, Cypress Cypress Creek Station Creek Station, Pompano Beach Station, Deerƒeld Beach Station, Boca Raton Station, Delray Beach Pompano Beach Station Station, Boynton Beach Station, Lake Worth Station,
    [Show full text]
  • Roa D's Hard for Tri-Rail a S It Toils on I Ts F Ast Tra Ck
    |HBRB_031126K#~ |HBRB_031126C*~ |HBRB_031126M;~ |HBRB_031126Yd~ Bro 3B Bro 3B Bro 3B Bro 3B |HBRB_031126K#~ BLACK |HBRB_031126C*~ CYAN |HBRB_031126M;~ MAGENTA |HBRB_031126Yd~ YELLOW !OKBUG! WWW.HERALD.COM BRO FRIDAY, NOVEMBER 26, 2004 I 3B BROWARD PLUS SPIRIT OF THANKSGIVING PUBLIC TRANSIT Roa d’s hard for Tri-Rail as it toils on its fast tra ck I Tri-Rail hopes to improve rush-hour service so trains A SECOND TRACK will run once every 20 LEGEND minutes by 2006. Mean- Second track complete while, construction delays Planned/under construction a re a continual nuisance. Mangonia Park station BY MICHAEL HIBBLEN West Palm Beach station [email protected] Palm Beach Airport Station Tri-Rail is hoping its SOUTHERN BLVD. $334 million double-tracking project will lead to improved service and increased rider- Lake Worth station ship. But until construction is complete, the project will sometimes mean some aggra- N Boynton Beach vating delays both for Tri-Rail 5 miles station Turnpike J. ALBERT DIAZ/HERALD STAFF riders and for drivers who need to cross the railroad. ATLANTIC AVE. HOLIDAY FARE: Volunteer Shanna Gugliotta, carrying a tray of pie slices, surveys the dining room at the Salvation The commuter rail agency Delray Beach station Army’s Thanksgiving meal in Fort Lauderdale. reopened the Hollywood Bou- Boca Raton station levard crossing this week after PALM BEACH COUNTY two weeks of work at the site. 441 95 The crossings at Johnson Street and Stirling Road will Deerfield Beach station be closed next year, as will the BODY AND SOUL Pompano Beach station one at 79th Street in Miami.
    [Show full text]
  • House of Representatives Staff Analysis
    HOUSE OF REPRESENTATIVES STAFF ANALYSIS BILL #: CS/CS/CS/HB 695 South Florida Regional Transportation Authority SPONSOR(S): Government Accountability Committee; Transportation & Tourism Appropriations Subcommittee; Transportation & Infrastructure Subcommittee; Santiago TIED BILLS: IDEN./SIM. BILLS: CS/SB 842 REFERENCE ACTION ANALYST STAFF DIRECTOR or BUDGET/POLICY CHIEF 1) Transportation & Infrastructure Subcommittee 10 Y, 0 N, As Johnson Vickers CS 2) Transportation & Tourism Appropriations 10 Y, 0 N, As Cobb Davis Subcommittee CS 3) Government Accountability Committee 22 Y, 0 N, As Johnson Williamson CS SUMMARY ANALYSIS The bill addresses insurance liability issues related to the South Florida Regional Transportation Authority (SFRTA), which operates commuter rail service in Palm Beach, Broward, and Miami-Dade Counties. The bill primarily addresses liability regarding the use of a rail corridor. The bill provides SFRTA with the ability to indemnify the Florida East Coast Railway (FECR) and All Aboard Florida (AAF) under certain circumstances. The bill provides who is responsible for property damage and injury to certain persons associated with several scenarios involving rail accidents. The bill also provides an allocation of risk between the parties and includes provisions for passengers and other rail corridor invitees. The bill authorizes SFRTA to purchase railroad liability insurance of $295 million per occurrence, and allows it to adjust the limit in accordance with applicable law. The bill also requires SFRTA to maintain a $5 million self- insurance retention account. To compare, current Florida law authorizes the Department of Transportation (DOT) to purchase railroad liability insurance for an amount not to exceed $200 million, and establish a self- insurance retention fund not to exceed $10 million.
    [Show full text]
  • TRANSIT DEVELOPMENT PLAN FY 2013-2022 Annual Update SOUTH FLORIDA REGIONAL TRANSPORTATION AUTHORITY
    SOUTH FLORIDA REGIONAL TRANSPORTATION AUTHORITY TRANSIT DEVELOPMENT PLAN FY 2013-2022 Annual Update Table of Contents Introduction……………………………………………………………………………………………………………………………….1 1.0 SFRTA Overview……………………………………………………………………………………………………………………2 1.1 Tri‐Rail System………………………………………………………………………………………………………….2 1.2 SFRTA Shuttle Bus…………………………………………………………………………………………………….3 1.3 Challenges Faced by the Agency……………………………………………………………………………….3 2.0 FY 2012 Accomplishments……………………………………………………………………………………………………5 2.1 Shuttle Bus……………………………………………………………………………………………………………….5 2.2 Fast Start Plan for Tri‐Rail Coastal Service……………………………………………………………….10 2.3 Grants…………………………………………………………………………………………………………………….12 2.4 Station Improvements……………………………………………………………………………………………14 2.5 Tri‐Rail Service……………………………………………………………………………………………………….17 2.6 Regional Coordination………………………………………………………………………………….………..20 2.7Industry Involvement…………………………………………………………………………………….………..21 2.8 Customer Outreach………………………………………………………………………………………….…….21 2.9 Awards………………………………………………………………………………………………………….….…….21 2.10 Monitoring Program to Track Annual Performance……………………………………….……..22 3.0 SFRTA Capital Program……………………………………………………………………………………………….………24 4.0 Fiscal Plan……………………………………………………………………………………………………………………..……28 4.1 Capital Budget…………………………………………………………………………………………..……………28 4.2 Operating Budget……………………………………………………………………………………………………31 Appendix……………………………………………………………………………………………………….…………………………33 A. Shuttle Bus Maps B. Marlins Shuttle Information C. SFRTA Goals and Objectives D. SFRTA Adopted
    [Show full text]
  • Rapid Transit Project Development & Environment (PD&E) Study 1000 NW 111Th Avenue Miami, FL 33172
    FACT SHEET FM# 438076-1-22-01 SR 9 / SR 817 / NW 27th Avenue www.fdotmiamidade.com/27thAvenueRapidTransit Rapid Transit Project Development & Environment (PD&E) Study 1000 NW 111th Avenue Miami, FL 33172 Like www.facebook.com/MyFDOTMiami Follow www.twitter.com/MyFDOT_Miami Subscribe www.youtube.com/user/MyFDOTMiami Stay Informed: On the Inside: Project Website: ► Project Overview and Limits www.fdotmiamidade.com/27thAvenueRapidTransit ► Study Objective Get Involved: ► What is Rapid Transit? Contact: ► Public Involvement Program FDOT Project Manager Joan Shen, Ph.D., P.E., PTOE ► Project Goals email: [email protected] ► Project Schedule telephone: 305.640.7557 ► Project Map Public Information Specialist Ann Pope email: [email protected] telephone: 305.321.6011 SR 9 / SR 817 / NW 27th Avenue Rapid Transit Corridor PD&E Study FACT SHEET Overview and Limits The Florida Department of Transportation (FDOT) is conducting a Project Development and Environment (PD&E) Study for the implementation of rapid Project Goals transit along SR 9/SR 817/NW 27th Avenue (referred to as the NW 27th Avenue ► Maximize mobility by offering an alternate Corridor). The PD&E study limits are as follows and illustrated in the map below: transportation mode with competitive travel times, • NW 27th Avenue from NW 215th Street to NW 38th Street which improves the corridor’s people-carrying capacity. • SR 112 from NW 27th Avenue to the Miami Intermodal Center ► Enhance connectivity with local and other regional The NW 27th Avenue Corridor is one of six corridors that comprise the Strategic transit systems that improves transportation system Miami Area Rapid Transit (SMART) Plan as adopted by the Miami-Dade efficiency.
    [Show full text]
  • Hillsborough Area Regional Transit (HART), Ybor Streetcar 4 System Description System Map Station Development Opportunity Summary Station Profiles
    TECHNICAL MEMORANDUM NUMBER TWO£ INVENTORY OF FLORIDA STATION DEVELOPMENT SITES AND OPPORTUNITIES Enabling StaJion Area Development in Florida: Towards More Cost Effective Rail Transit Investment for Office of Public Transportation Florida Department ofTransportation 605 Suwanee Street (MS 26) Tallahassee, Florida 32399-0450 TECHNICAL MEMORANDUM NUMBER TWO: INVENTORY OF FLORIDA STATION DEVELOPMENT SITES AND OPPORTUNITIES Enabling Station Area Developnumt in Florida: Towards More Cost Effective Rail Transit Investment for Olfoce of Public Tnwponation Florida Depanment of Transportation 60S SuWOIUlM S~rnet (MS 26) Tallaluwcc, Florida 32399-0450 through Center for Urban Transportation Re•eareb College of Engineering, University of South Florida 4202 B. Fowler Avenue, ENB 100 Tampa, PL 33620·5350 (813) 974-3120, Fax (813) 974-5168 by Tnwit Solutions 4612 Evanston A venue North StanJe, WA 98103 (206) 632·3443, Fax (206) 632·3444 Email: [email protected] March 2000 Project Manager Ronald C. Sb<ck Pl'()ject Staff SooUPlaee TABLE OF CONTENTS Introduction 1 Hillsborough Area Regional Transit (HART), Ybor Streetcar 4 System Description System Map Station Development Opportunity Summary Station Profiles JacksonviUe Transportation Authority (JTA), Skyway 30 System Description System Map Station Development Opportunity Summary Station Profiles Metro Dade Transit Agency (MDTA), Metrorail 48 System Description System Map Station Development Opportunity Summary Station Profiles Metro Dade Transit Agency (MDTA), Metromover 92 System Description System Map Station Development Opportunity Summary Station Profiles Tri County Commuter Railroad Authority, Tri Rail 100 System Description System Map Station Development Opportunity Summary Station Profiles Resources 138 INTRODUCTION Perspective. Station area development requires stations. With each new rail iransit system constructed in the United States, station area development appears to becoming a more important aspect of rail transit investment.
    [Show full text]
  • Prime Redevelopment Site in the Heart of Miami-Dade CAPITAL MARKETS | INSTITUTIONAL MULTIFAMILY GROUP OFFERING MEMORANDUM
    MARKET STATION Prime Redevelopment Site in the Heart of Miami-Dade CAPITAL MARKETS | INSTITUTIONAL MULTIFAMILY GROUP OFFERING MEMORANDUM RENDERING BY OVER 20.5 ACRES IN A HIGH BARRIER-TO-ENTRY SOUTH FLORIDA MARKET RENDERING BY 2 / Cushman & Wakefield Of Florida, Inc. MARKET INVESTMENT CONTACTS MULTIFAMILY STATION Robert Given Vice Chairman +1 954 377 0513 [email protected] 6 EXECUTIVE SUMMARY Troy Ballard SITE OVERVIEW Senior Managing Director 9 +1 954 377 0514 [email protected] 15 DEVELOPMENT OVERVIEW Zachary Sackley Executive Managing Director AREA OVERVIEW +1 954 377 0515 21 [email protected] COMPARABLE INDUSTRIAL REDEVELOPMENTS Aaron Mandel 43 Financial Analyst +1 954 377 0516 MIAMI MULTIFAMILY MARKET OVERVIEW [email protected] 47 53 RENT COMPARABLES CUSHMAN & WAKEFIELD OF FLORIDA, INC. 57 INDUSTRIAL MARKET OVERVIEW 515 E. Las Olas Boulevard Suite 860 Miami-Ft. Lauderdale, FL 33301 Cushman and Wakefield, as exclusive marketing advisor, is pleased to present +1 954 771 0800 the opportunity to acquire the Market Station Development Site. Offers should be presented in the form of a non-binding Letter of Intent, spelling out the significant terms and conditions of the Purchasers' offering including, but not limited to, 1) asset pricing, 2) due diligence and closing time frame, 3) earnest money deposit, 4) a description of the debt/equity structure, and 5) qualifications to close. Offers should be delivered to the attention of Troy Ballard at [email protected] or 954-377-0514. Cushman & Wakefield Of Florida, Inc. / 3 PROPERTY LOCATION SE 5TH ST SE 5TH ST SE 8TH ST NW 46TH ST NW 37TH AVE E OKEECHOBEE RD NW 41ST ST AIRPORT EXPY MARKET STATION 725 SE 9th Court Hialeah, FL 33010 1.
    [Show full text]