Miami
FL

Resolution
R-18-0501

A RESOLUTION OF THE MIAMI CITY COMMISSION DIRECTING THE CITY MANAGER TO RESEARCH GENTRIFICATION THAT IS ACCELERATED DUE TO CLIMATE CHANGE, IN AREAS THAT EXHIBIT LOW AREA MEDIAN INCOME RATES AND HIGH TOPOGRAPHIC ELEVATIONS; FURTHER DIRECTING THE CITY MANAGER TO RESEARCH METHODS TO STABILIZE AD VALOREM PROPERTY TAX RATES IN ORDER TO ALLOW AS MANY RESIDENTS WHO WISH TO REMAIN IN THEIR NEIGHBORHOODS TO DO SO.

Information

Department:Sea Level Rise CommitteeSponsors:Commissioner, District Two Ken Russell
Category:Other

Financial Impact

N/A

Body/Legislation

WHEREAS, according to Keenan, Jesse M., et al. “Climate gentrification: from theory to empiricism in Miami-Dade County, Florida.” Environ. Res. Lett (2018), climate gentrification, while not officially defined, is based on the proposition that the impacts of climate change “make some property more or less valuable by virtue of its capacity to accommodate a certain density of human settlement and its associated infrastructure”; and

 

WHEREAS, the impacts of climate change, in turn, affect housing prices for renters, speculative investors, and buyers, which in turn reinforces patterns of “urban development that lead to displacement (and sometimes entrenchment) of existing populations consistent with conventional framings of gentrification”; and

 

WHEREAS, the result is that properties at higher elevations become more valuable, while properties at lower elevations become less so; and

 

WHEREAS, increased property values in these, and other low to moderate income neighborhoods close to the urban core, may also be driven by numerous other market dynamics; and

 

WHEREAS, as prices rise, investors shift capital to these areas causing an increase in property values and a corresponding increase in ad valorem tax rates, which may burden current property owners with cost-prohibitive property taxes that result in tax liens, foreclosures, and gentrification of the area; and

 

WHEREAS, on July 23, 2018, the City’s Sea Level Rise Committee adopted a resolution recommending that the City Manager examine the effects of climate change on housing, in order to address impacts on our low to moderate income residents;

 

NOW, THEREFORE, BE IT RESOLVED BY THE COMMISSION OF THE CITY OF MIAMI, FLORIDA:

 

Section 1.  The recitals and findings contained in the Preamble to this Resolution are adopted by reference and incorporated as if fully set forth in this Section.

 

Section 2.  The City Commission hereby directs the City Manager to research gentrification that is accelerated by climate change, in areas that exhibit low Area Median Income rates and high topographic elevations.

 

Section 3.  The City Commission directs the City Manager to research methods to stabilize ad valorem property tax rates in order to allow as many residents who wish to remain in their neighborhoods to do so.

 

Section 4.  This Resolution shall become effective immediately upon its adoption and signature of the Mayor.[1]


[1] If the Mayor does not sign this Resolution, it shall become effective at the end of ten (10) calendar days from the date it was passed and adopted. If the Mayor vetoes this Resolution, it shall become effective immediately upon override of the veto by the City Commission.

Meeting History

Nov 15, 2018 9:00 AM Video City Commission Regular Meeting
RESULT:ADOPTED [UNANIMOUS]
MOVER:Joe Carollo, Commissioner, District Three
SECONDER:Manolo Reyes, Commissioner, District Four
AYES:Keon Hardemon, Ken Russell, Wifredo (Willy) Gort, Joe Carollo, Manolo Reyes