ACQUISITION OF THE FUEL FACILITY

Board of County Commissioners · 2026-06-16 · resolution

Miami-Dade County Board of County Commissioners approved the acquisition of a fuel facility property on Fisher Island, identified as Parcels 1 and 2, for PortMiami's continued and future operation. The acquisition is deemed a public necessity to ensure the ongoing supply of marine fuel to vessels. The County is authorized to acquire the property through negotiation or eminent domain, with an option for an incentive offer up to 15 percent over the appraised value. The current operator, TransMontaigne Terminals, LLC, will cease operations by May 2027, and the owner, HRP Fisher Island, LLC, intends to redevelop the property for residential housing. Appraisals range from $25 million to $430 million, and funding will come from Seaport Revenue Bonds. Public comment is not stated in this document.