ACQUISITION OF THE FUEL FACILITY

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

Miami-Dade County is pursuing the acquisition of a fuel facility property located on Fisher Island, identified as Parcels 1 and 2, for the continued and future operation of a fuel facility for PortMiami and ancillary port purposes. The acquisition is deemed a public necessity. The County Mayor or designee and County Attorney are authorized to acquire the property through negotiation or eminent domain. An incentive offer of up to 15 percent over the appraised value is also authorized. The current operator, TransMontaigne Terminals, LLC, will cease fuel operations by May 2027, and the owner, HRP Fisher Island, LLC, intends to repurpose the property for residential housing. Alternative on-port options for a fuel facility were analyzed and found not viable. The acquisition will be funded by Seaport Revenue Bonds. Appraisals range from $25 million to $430 million.