Town of Cutler Bay

The Town Council Workshop focused on gap financing options for the Legacy Park and Municipal Complex project. Key discussion points included addressing a $17 million funding gap between the approved general obligation (GO) financing and the projected cost, which was increased due to unforeseen soil conditions. The council reviewed financing alternatives, ultimately recommending a bank loan over a revenue bond issue due to lower issuance costs and greater structural flexibility, especially concerning potential future grants or tax credits. The financial advisor detailed the cost comparison between borrowing the $17 million (which will be $17.075 million including fees) and using fund balance, noting a small initial difference in net cost favoring borrowing to protect town reserves and maintain credit rating. The presentation also covered the impact of using $9.677 million in general reserves for soil remediation at Legacy Park and Blue Heron Park, concluding that the resulting fund balance would remain above the AAA rating threshold. Next steps involve developing a formal investment policy for the town.

The document details a combined meeting, starting with the Local Planning Agency (LPA) session followed immediately by the Regular Town Council meeting. Key discussion points centered on two proposed ordinances regarding property at 20150 and 2016 Old Cutler Road: one for a small-scale amendment to the growth management plan, changing land use from mixed-use/low density to medium density residential, and another for rezoning the properties from Neighborhood Center 1 (NC1) to Multifamily Residential MR13. Public comments focused heavily on the Cutler Ridge Pool, with residents strongly urging the Council to reconsider the plan to close the pool for an estimated three years, emphasizing its importance for safety, low-impact exercise for seniors, swim lessons for children, and use by local high school teams and rescue organizations. A Council member requested that the pool report be forwarded to the Parks and Recreational Advisory Committee for advisement and suggested delaying the pool closure until the end of March to allow the committee time to report back.

The meeting began with roll call confirming a quorum, followed by the Pledge of Allegiance. The primary focus of the meeting was updates and presentations. Council members reported on a recent trip to Tallahassee to advocate for municipal needs with state legislators, highlighting comprehensive materials prepared by staff and successful engagement with key committee members. Council discussed the proposed Lolita Bopare Memorial Scholarship, reviewing the memorandum outlining criteria evolution, funding sources (philanthropic fund), and the selection process involving the Education Advisory Committee and final Town Council approval. An update on the 16-acre Legacy Park project was provided, detailing progress on soil import/compaction for Phase One, expected completion timelines, and parallel bidding processes for GMP2 (underground utilities) and GMP3 (vertical build). It was noted that Phase One is currently under budget by nearly half a million dollars. Additional discussion concerned pursuing grant opportunities, including improvements to Southwest 212 Street. The meeting also included clarifications regarding a published line item entry concerning a local toy drive and a presentation of drone footage showcasing the Legacy Park construction progress.

The meeting involved two sessions: the Local Planning Agency (LPA) meeting followed by the Regular Town Council meeting. The LPA session addressed an ordinance concerning the town's water supply facilities work plan, which was ultimately moved to the regular town council meeting for presentation by the planning zone director. During the council meeting, updates were provided on the 16-acre Legacy Park project, detailing milestones in soil remediation, fill importation, and the schedule for underground utilities and vertical construction, which is projected to conclude in May 2026. Progress on the Franjo Road construction project was reviewed, noting that work zones one and two are complete, while work zones three and four continue, with zone four expected completion by May 2026. Public information updates highlighted positive resident feedback regarding the public outreach efforts and the success of a recent town event. An update on the Caribbean Boulevard Bridge reconstruction project was also presented, noting the bridge is functionally obsolete and discussing widening plans and current issues.

The agenda included discussions and updates on several key projects and initiatives. The Legacy Park project was a significant focus, with updates on soil remediation, testing, and the timeline for future phases, including the vertical build. Proposed traffic modifications on Route 212, including the potential addition of roundabouts, were discussed to improve safety and manage traffic flow around the park. Updates were provided on the Franjo Road project, including progress on various work zones and community engagement efforts. The council also touched on legislative funding priorities for 2026.