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Reso 2006-959
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Reso 2006-959
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Last modified
7/1/2010 9:41:51 AM
Creation date
8/15/2006 1:02:11 PM
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CityClerk-Resolutions
Resolution Type
Resolution
Resolution Number
2006-959
Date (mm/dd/yyyy)
07/20/2006
Description
Accept. Land Value for St. Tropez (16690 Collins) - Quinlivan Appraisal
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<br />Government <br /> <br />Miami-Dade County is comprised of unincorporated areas, as well as 34 municipalities, the <br />largest of which is the city of Miami. <br /> <br />Miami-Dade County is govemed under a modified two-tier metropolitan government. The <br />purpose of this type government was to establish one goveming body for the county, and to <br />establish one supply of services such as fire, police, etc. for the county. The upper tier is the <br />County, which provides broad "regional" or county functions, such as metropolitan planning, <br />welfare, health and transit services. The thirty-one municipalities represent the lower tier of <br />government, providing a varying array of services within their jurisdictional boundaries. The <br />County also maintains lower tier functions, such as the provision of municipal-type services, <br />including police and fire, to the unincorporated areas and certain municipalities on a negotiated <br />basis. <br /> <br />The County operates under the Commission-Manager form of government. Legislative and <br />policy-making authority is vested in the elected thirteen-member Board of County <br />Commissioners; the Commission appointed County Manager is the chief administrator. Miami- <br />Dade County has operated under the metropolitan form of government since 1957, when the <br />Home Rule Charter was passed by the local electorate. Prior to Home Rule, the County had to <br />rely on the State Legislature for the enactment of its laws. <br /> <br />County govemment had not been able to respond to the tremendous demand for municipal <br />services in this rapidly urbanizing area, which is larger than the State of Rhode Island or <br />Delaware. The need to combine services duplicated by the County and numerous cities was also <br />clearly evident. The Charter permitted the limited County government to reorganize into a <br />general purpose "municipal-type" government capable of performing the full range of public <br />functions into an area wide operation. <br /> <br />Real Estate <br /> <br />At the end of 2005, the Miami-Dade County Office Market contained approximately 49.27 <br />million square feet of office space. Approximately 27.1 % of this space is located in the Miami <br />central business district and adjacent Brickell Avenue and 23.4% in the rapidly growing Airport <br />West area. <br /> <br />There was an increase in the occupancy rate of office buildings in Miami-Dade County from 89% <br />in 2004 to 91 % in 2005. Since 2002, there was an increase in occupancy from 84%. The net <br />absorption for the county was 1.74 million square feet during 2005. <br /> <br />Office rental rates in new buildings typically range from $22.50 to $34.00 per square foot. The <br />low end of the range is for office space in the suburban markets. The upper end of the range is <br />for first class office space in Downtown Miami, Brickell A venue, Coconut Grove and Coral <br />Gables. <br /> <br />QUINLIVAN APPRAISAL <br /> <br />16 <br />
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