§ 2-2362. Definitions.

In construing the provisions of this article, where the context will permit and no definition is provided herein, the definitions provided in the National Transit Database Glossary shall apply. As used in this article the following terms shall have the following meaning:

(a)

"Base Taxable Valuation" shall mean with respect to any year commencing after October 1, 2017, (1) the amount of the Taxable Valuation (as defined below) for the Fiscal Year commencing October 1, 2017, (2) increased by an assumed annual growth factor of 4.5 percent.

(b)

"Bus rapid transit" shall mean a bus-based transit system that consists, at a minimum, of semi-exclusive or exclusive right-of-way, traffic signal priority, off-board fare collection, elevated platforms, defined stations, and short headway bidirectional services for a substantial part of weekdays and weekend days.

(c)

"Commuter rail" shall mean a transit mode that is an electric or diesel propelled railway for urban passenger train service consisting of local short distance travel operating on a regular basis between a central city and adjacent suburbs, within urbanized areas, or between urbanized areas and outlying areas.

(d)

"Heavy rail" shall mean a transit mode that is an electric railway with passenger railcars operating on fixed rails in semi-exclusive or exclusive right-of-way from which all other vehicular and foot traffic are excluded, and where vehicle power is drawn from overhead lines or third rails.

(e)

"Light rail" shall mean a transit mode that consists of an electric railway with passenger railcars operating on fixed rails in shared, semi-exclusive, or exclusive right-of-way and where vehicle power is drawn from an overhead electric line.

(f)

"Rolling stock" shall mean transit vehicles, such as buses, vans, cars, trains, railcars, light rail vehicles, locomotives, trolley cars and buses, ferry boats, and vehicles used on guideways and incline planes.

(g)

"Strategic Miami Area Rapid Transit Plan" or "SMART Plan" shall mean the initiative to advance six rapid transit corridors in order to implement mass transit projects in Miami-Dade County as adopted by the Board of County Commissioners (the "Board") pursuant to Resolution No. R-523-16.

(h)

"SMART Plan rapid transit corridors" shall mean the Beach Corridor, East-West Corridor, Kendall Corridor, North Corridor, Northeast Corridor, and South Dade Transitway, as those corridors have been defined and depicted in the SMART Plan.

(i)

"SMART Plan rapid transit corridor projects" shall mean the development, construction, operation or maintenance of the Beach Corridor, East-West Corridor, Kendall Corridor, North Corridor, Northeast Corridor, and South Dade Transitway, wherein such corridors consist of a form of high-speed urban passenger transportation limited to heavy rail, light rail, commuter rail, or bus rapid transit.

(j)

"Tax Increment" shall mean the amount by which (i) the ad valorem Countywide tax revenues that would have been generated at the millage rate in effect for the current Fiscal Year at the current Taxable Valuation (as defined below) exceeds (ii) the ad valorem Countywide tax revenues that would have been generated at the millage rate in effect for the current Fiscal Year at the Base Taxable Valuation.

(k)

"Taxable Valuation" shall mean the taxable value of all real property within the Miami-Dade County Transportation Infrastructure Improvement District, based on the Property Appraiser's preliminary tax roll.

(l)

"Transit" shall mean public transportation.

(Ord. No. 18-8, § 2, 2-6-18)