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5/15/2015 Item Coversheet <br /> o�J"wY-',re City of Sunny Isles Beach <br /> _ "b � 18070 Collins Avenue <br /> u = Sunny Isles Beach, Florida 33160 <br /> ,� -a/P y�• (305)947-0606 City Hall <br /> ''e 2) ,0 ,,+° (305)949-3113 Fax <br /> Js 5VK <br /> MEMORANDUM <br /> TO: The Honorable Mayor and City Commission <br /> VIA: Christopher J. Russo, City Manager <br /> FROM: Claudia Hasbun, Planning and Zoning Administrator <br /> DATE: 5/21/2015 <br /> Resolution approving Proportionate Share Mitigation <br /> RE: Agreement between the School Board, Sunny Isles <br /> Property Venture, LLC, and the City. • <br /> RECOMMENDATION: <br /> It is recommended that the City Commission adopt the proposed <br /> Resolution approving Proportionate Share Mitigation Agreement <br /> between the School Board, Sunny Isles Property Venture, LLC, and <br /> the City. <br /> REASONS: <br /> Similarly to the approved School Board Concurrency Agreement under <br /> Resolution No. 2014-2353 adopted on December 18th, 2014 which <br /> the Commission approved for the Muse project, this agreement will <br /> allow the Public School concurrency requirements for the Ritz Carlton <br /> project to be satisfied. <br /> By executing a binding Proportionate Share Mitigation Agreement (the <br /> "Agreement") between the School Board, Sunny Isles Property <br /> Venture, LLC (the "Applicant") and the City requiring the Applicant to <br /> provide mitigation funds for public school facilities created by the <br /> Project and requiring the City to withhold all building permits until the <br /> mitigation payments have been made by the Applicant. Staff is <br /> requesting approval of the Agreement subject to continuing <br /> negotiations to ensure that the funds are allocated to school projects <br /> in the City. <br /> ATTACHMENTS: <br /> Description <br /> Resolution <br /> Mitigation Agreement <br /> Item Number: 10.G. <br /> • <br /> httpJ/sunnyisles.novusagenda.com/agendaweb/CoverSheet.aspx?ItemID=1654 1/1 <br />