RESOLUTION APPROVING THE FIRST AMENDMENT TO JOINT DEVELOPMEN

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

The document is a legislative matter for a resolution approving the first amendment to a joint development agreement for the Palmetto Station Transit-Oriented Development Project. The project involves Miami-Dade County, Out of Foster Foundation, Inc., and RES-DES Palmetto, LLC. The resolution was amended and passed by the Board of County Commissioners on 6/16/2026 with a 12-0 vote, assigned Resolution No. R-557-26. The project will include a minimum of 929 workforce and community housing units, with an optional future phase containing a minimum of 212 additional community housing units. It will preserve a minimum of 550 dedicated transit-user parking spaces. The amendment restructures the project to allow the developer to enter directly into ground leases with the County for each phase. The Phase I Ground Lease Agreement is with Palmetto Crossings, LLC. The project includes workforce housing, military housing, transit operator housing, youth housing, community-oriented commercial space, community office space, station improvements, structured parking, and transit-supportive infrastructure. The parking facilities will be constructed, owned, operated, and maintained by the developer at no cost to the County. The County will receive lease revenues and incur no responsibility for vertical construction costs, parking facility construction costs, financing obligations, or operational expenses. The resolution was advanced to the Board of County Commissioners meeting on 6/16/2026 from the Transportation Committee on 6/9/2026 with a favorable recommendation. The item was noted as time sensitive by Commissioner Bermudez. No public comment or stakeholder sentiment is stated in the document.