The $400 Million Miami Forever General Obligation Bond.

In November 2017, City of Miami (the “City”) citizens approved the Miami Forever Bond (the “Bond”), which will invest $400 million to fund a series of infrastructure, public safety, and affordable housing projects. The Bond is resolved to alleviate existing and future risks to the City stemming from sea-level rise and flooding while also addressing needs for roadways, parks, public safety, and housing. The City anticipates creating jobs and lowering costs associated with sea-level rise and increasingly frequent storm events.

The Bond will be funded through a General Obligation Bond that will be repaid through the 3% rate currently assessed on City residents’ tax bill. Because the City has paid off prior bonds, the City was able to issue a new bond program without increasing taxes.

Funds will be allocated for each category of projects as follows:

  • Roadway Improvements ($23M): Reduce streets in disrepair, poor maintenance and with potential liability claims. Minimize traffic congestion, enabling adaptive traffic flow and multi-modal capacity.
  • Parks and Cultural Facilities ($78M): Replace and renovate park elements and facilities in poor condition. Improve safety and accessibility of parks and cultural facilities, investing prudently to reduce future maintenance costs.
  • Public Safety ($7M):Minimize fire and rescue response, as well as recovery time. Improve response ability, facility resilience and community outreach.
  • Sea-Level Rise Mitigation and Flood Prevention ($192M): Minimize flooding frequency, severity, duration and impact. Protect critical infrastructure and high-use areas, reducing financial and economic vulnerability.
  • Affordable Housing ($100M): Improve availability of affordable housing units across diverse income levels, leveraging alternative funding sources and partnerships.

Projects will be implemented through phases, then completed through subsequent phases to deliver long-term solutions to the City’s needs. Because each project has a separate objective, benefit, and cost criteria, the Bond Task Force evaluates each undertaking and prioritizes based on funding availability, project coordination/consolidation, and public interest.

Phase I’s projects, scheduled for early 2019, have received approximately $58 million in funding from the Bond and include:

  • $10.3 million to fight sea level rise, including a redesign of Brickell Bay Drive and the installation of 50 new one-way valves;
  • $15 million for new affordable housing projects and a single-family home rehabilitation program;
  • $420,000 for upgrades to Fire Station No. 10 located at 4101 NW 7th Street, Miami, FL 33126;
  • $7.6 million to improve nearly 4 miles of roadways;
  • $25.3 million to enhance our public parks, including upgrading playgrounds, repairing sidewalks, and enhancing accessibility.

The projects pertaining to Phase I are in the early phases of solicitation, implementation or award.

Gazitua Letelier offers comprehensive professional Miami Lobbyist, Miami Lobbying and advocacy services including governmental affairs to a diverse client base in Miami and in various localities throughout the State of Florida.

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Luis is an experienced procurement lawyer and Miami lobbyist serving elected officials, businesses, international clients, and trade associations. He regularly appears before local and state government in order to advance complex objectives for clients against competing interests. He has weathered various competitive processes in Florida including Home Rule Charter Amendments, Recalls, Local, State and Federal campaigns.