ACQUISITION OF THE FUEL FACILITY

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

Miami-Dade County Board of County Commissioners amended a resolution to acquire a fuel facility property on Fisher Island. The property, identified as Parcels 1 and 2, is deemed a public necessity for the continued and future operation of a fuel facility for PortMiami and ancillary port purposes. 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 repurpose the property for residential housing. The acquisition is funded by Seaport Revenue Bonds. Appraisals range from $25 million to $430 million.