Resolution Zoning 15-Z-156 - Laserfiche WebLink

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• • 14: That Applicant shall•obtain concurrency review approval,from-Miami-Dade County School Board:{:. .. . : 15. That the Applicant must present evidence of•performance to the Community Development Department of the obligation required to qualify for the Floor Area Ratio bonus. In the• event that the Applicant'ias.do:ne so and prior to issuance of-the Certificate of0 ccupancy the Applicant shall acquire.the following floor area ratio bonuses: ;a) Beach Access Trust_Fund 020 FAR $ 1,358;208 ti) Beach Access Easement. 0.:10 FAR • $ 0:00 (*) c) Public Beach Rec_. Enhancement 0;60 FAR $ 4;074,624 d) -.Collins Ave Streetscape 0.60 FAR _ $_4,074,624 e) ;Sunny Isles Public-Parking - 020 FAR. $ 1,358208 f) Public Recreational.Open Space, 0 20 FAR ,$ 0:0.0 (*). g) .;Educational and Cultural 0.20 FAR $ 1,358;208 The FAR bonus program consists of participation units, which in-this case are,equal to 36 participation bonus units (where each participation unit has,a value,of 0.05 FAR).,In detail, the bonus:formula is the lot•size(acres),.times:th_e_participation units, times the;price:of the participation unit, for-this case:is as follows: 4.716 (acres) x 36 (participation units) z$72,000 (price tag/participation unit) = ,$1 2,223;872_. - The total contribution for all Floor Area Ratio bonuses for the development is $`1-2,223;;87-2• fora total increase in floor area ratio of 2 1 for:a floor area ratio of 4'.6 The Applicant shall provide':the City with-:a non-refundable depositin the amount:often-percent (10%) of the approved purchased price of $12,223,872 for the FAR bonuses acquired from th'e City. The total amount of the deposit is $1.,222,390 Failure to pay the required deposit within the three (3)- working days of approval of,the sjte plan :application shall result in an automatic voiding of the City Commission site plan'approval: 16. That the Applicant shall pay .all fees -related to-the review of the application described herein and shall have paid,all other fees due td the Gity.. • 17. That the applicant :shall submit evidence 'of purchase suRerctsof the required,283,485 square feet and 120 dwelling units of Transfer Development Rights (TOR ). That the Applicant provides the City vith a non refundable,deposif;in--the-amount of--ten -percent (10%) of the approved .purchased:.price of $.35,435;625 for_the .Transfer Development Rights (TDRs) purchased from the City Bank_ The total amount of the deposit is $3,543,560. Failure to .pay the required ..deposit within trie three (3)_ working,days of approval of the Transfer Development Rights (TDRs)application and site,plan application shall (esult`in an automatic voiding ofthe City Commission approval of the-Receiving Site, transfer_of Transfer Development'Rights (TDRs), and site plan approval. 18. That the Applicant shall..pay:$1;000,00.99 to the City:f-or the design flexibility allowance provided pursuant to Section;265-35 D (4):(d)[i] of the City Code. The total amount of the non-refundable deposit is'$1.00,000.00. Failure to-pay the:required deposit within the three (3) working days of approval of the Transfer Development Rights (TDRs) application and 11 U:\PLANNING&ZONING2008\ZONING HEARING-APPLICATIONS\2015 APPLICATION\PZ2015-16 Varadero Staff Report 111915