RESOLUTION APPROVING THE FIRST AMENDMENT TO JOINT DEVELOPMEN

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

The Board of County Commissioners approved, as amended, a resolution approving the First Amendment to the Joint Development Agreement with Out of Foster Foundation, Inc. and RES-DES Palmetto, LLC for the Palmetto Station Transit-Oriented Development Project. The amendment restructures the project to allow the developer and affiliated entities to enter directly into ground leases with the County for each phase, while preserving the Foundation's role in youth housing operations and community programming. 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. The development will preserve a minimum of 550 dedicated transit-user parking spaces for the exclusive use of DTPW and patrons. The parking facilities will be constructed, owned, operated, and maintained by the Developer or applicable leasehold tenant at no cost to the County. The County will receive lease revenues and other economic consideration while incurring no responsibility for vertical construction costs, parking facility construction costs, financing obligations, or operational expenses. The resolution also approves the Phase I Ground Lease Agreement between Miami-Dade County and Palmetto Crossings, LLC, and authorizes the County Mayor to execute the agreements. The motion passed by 12-0, with Senator Garcia absent. The amended resolution was assigned Resolution No. R-557-26.