ACQUISITION OF THE FUEL FACILITY

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

Miami-Dade County is proceeding with the acquisition of a fuel facility property located on Fisher Island, identified as Parcels 1 and 2, for the continued operation of PortMiami. The property is currently operated by TransMontaigne Terminals, LLC, under a lease agreement that will cease fuel operations by May 2027. The owner, HRP Fisher Island, LLC, intends to redevelop the property for residential housing. The County aims to acquire the property through negotiation or eminent domain, with an authorized incentive offer up to 15 percent over the appraised value. Appraisals range from $25 million to $430 million. The acquisition will be funded by Seaport Revenue Bonds. The Board of County Commissioners amended the property description for condemnation proceedings. Public comment is not stated in the document.