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<br />Preview <br /> <br />Page 1 of 1 <br /> <br /> <br />City of Sunny Isles Beach <br />18070 Collins Avenue <br />Sunny Isles Beach, Florida 33160 <br /> <br />(305) 947-0606 City Hall <br />(305) 949-3113 Fax <br /> <br />MEMORANDUM <br /> <br />TO: <br /> <br />The Honorable Mayor and City Commission <br /> <br />FROM: <br /> <br />Rick Conner, City Manager <br /> <br />DATE: <br /> <br />11/18/2010 <br /> <br />RE: <br /> <br />Expressing Support for the Port of Miami Dredging Project <br /> <br />RECOMMENDATION: <br /> <br />This Resolution is presented for your consideration. <br /> <br />REASONS: <br /> <br />The Port of Miami is the largest container port in Florida and is a vital contributor to the <br />local, state and national economy accounting for 176,000 jobs and $17 Billion economic <br />impact to the economy of South Florida. In anticipation of expanding trade and <br />commerce, the Port of Miami has been authorized by Congress to dredge to a depth of - <br />50 feet, and upon completion of the dredging of the Miami federal shipping channel to - <br />50 feet, an additional 33,000 jobs over ten years will be created. The completion of <br />the Panama Canal expansion in 2014 will require the deepening of the Channel to <br />accommodate the larger vessels from the Pacific, and will allow the Port of Miami to be <br />competitive with nearby foreign ports. The dredging cost is estimated at $150 Million, <br />with $75 Million already committed by local sources. Miami-Dade County is seeking <br />support for the Port of Miami Deep Dredge Project as it is considered a project of <br />national significance. <br /> <br />This Resolution expresses the City's support for the allocation of $75 Million in federal <br />funds for the dredging of the Port of Miami. <br /> <br />ATTACHMENTS: <br />. Resolution <br /> <br />http://sibagenda.sibfl.net/agendalPreview.aspx?ItemID=393&MeetingID=O&MeetingDat... 11/12/2010 <br />