"With the unanimous votes at both the City of Miami and Miami-Dade County's Economic Development and Tourism Committee, we are very pleased to have received preliminary approval towards bringing an F1 Grand Prix to Miami", said Sean Bratches, F1's head of commercial operations.
It was also confirmed that the Port of Miami - when queried about potential restrictions over access - was supportive of the race event.
The approval now enables Emilio Gonzalez, the city manager, to proceed with negotiations with F1's bosses over hosting a street race in downtown Miami next season.
Miami is a super-cool place and I was very excited to hear about it but then I saw the layout and my reaction was: 'Meh.' I think it could be a lot more fun.
"I know Miami quite well so there are a few better locations to put the track".
Citing that professional golfers are often consulted when it comes to new courses being designed, he added: 'I'm sure we could give some good insight into what [it's] like and how it could be better.
F1 is due to host an F1 Live experience in Miami later this year ahead of the US GP.
The 1st race of the Continental European season sees the Spanish race kick into gear with all 10 teams bringing their racer updates of the season after the 4 opening races.
Wall Street abre al alza por aumento de precios del petróleo
La jornada de hoy se desarrolló en los últimos coletazos de la ronda trimestral de resultados de empresas. Apple es la firma con la mayor capitalización bursátil de Estados Unidos.
F1's owners have made no secret of their desire to stage more races in America, with NY and Las Vegas also under consideration.
"When it's signed, it's signed", Hamilton said.
The next step is for a Host City Contract to be drawn up, ready for further analysis by the City Commission, before July 1st.
He said: "There are so many races to go that it's pointless to talk about the fight for the championship".
Last but not least, Ferrari's Kimi Raikkonen also represents some value at 12/1 to win his first race since the 2013 Australian Grand Prix.
"I dread the thought of a street circuit like we had with Valencia, that wasn't a great street circuit. It can be very hit and miss, but maybe it's a hit", Hamilton said.
"I don't get why, for example, in golf, all the great golfers design golf courses", the Briton, victor of 63 races and four world championships, told reporters.
And the team's motorsport advisor Helmut Marko warned: "We'll let them drive free but in future we will tell the race engineers that they will have to intervene when we see that it could escalate again".