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eBook details

• Title: Miami Beach: Receded, Revised, And Reaffirmed (City, County and Local Government Law)
• Author : Florida Bar Journal
• Release Date : January 01, 2009
• Genre: Law,Books,Professional & Technical,
• Pages : * pages
• Size : 71 KB

Description

On September 18, 2008, the Supreme Court of Florida released its third opinion in Strand v. Escambia County, 992 So. 2d 150 (Fla. 2008), reh'g denied, (Fla. Nov. 19, 2008), and the long-awaited decisions in City of Parker v. State, 992 So. 2d 171 (Fla. 2008), and Bay County v. Town of Cedar Grove, 992 So. 2d 164 (Fla. 2008). These cases (1) upheld the principles established in 1980 in the landmark case of State v. Miami Beach Redevelopment Agency, 392 So. 2d 875 (Fla. 1980). (2) The decisions in all three cases are fundamental to the ability of local governments in Florida to access critical capital markets and to finance, build, and equip a multitude of capital improvements and basic facilities such as schools, city halls, courthouses, fire stations, and other buildings serving vitally important government functions. All three cases involve tax-increment financing (3) and community redevelopment. (4) While each case had its own nuances, there was one common issue central to all three cases. That issue was whether local governments may issue tax-increment financing bonds without holding a referendum pursuant to art. VII, [section]12 of the Florida Constitution, which requires, among other things, bonds "payable from ad valorem taxation" to be approved by a vote of the electors. In each case, the court validated the tax-increment financing bonds and upheld the decision in Miami Beach. The Precursor: Miami Beach

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