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Section 2. Amendment to Section 265-35. <br /> (9) Floor area ratio. <br /> (c) Floor area ratio bonuses. The maximum floor area ratio permitted may be increased <br /> only in accordance with the following provisions and limitations and in <br /> conformance with the allowable limits set under the adopted Sunny Isles Beach <br /> Comprehensive Master Plan. <br /> [1] Beach access bonus. Subsection D(9)(c)[1][a], Access easement, set forth <br /> herein below, as specifically defined in § 265-35D(8)hereinabove, must be <br /> attained to qualify for any additional floor area ratio bonuses as provided in <br /> this section. <br /> [b] Beach access trust fund contribution. Unless waived by the City <br /> Commission per Subsection D (9)(c)[1][a] herein above and <br /> provided that the beach access easement has been proffered as set <br /> forth in Subsection D (9)(c)[1][a], an additional increase in F.A.R. <br /> of 0.05 shall be granted for each participation unit contributed to a <br /> beach trust fund established and administered by the City of Sunny <br /> Isles Beach up to a maximum additional 0.20 F.A.R. bonus. A <br /> system of pedestrian walkways and shuttle bus facilities to provide <br /> oceanfront open space is a public policy objective of the adopted <br /> City of Sunny Isles Comprehensive Plan. A participation unit, for <br /> the purpose of beach access enhancement bonus, shall be equal to <br /> $100,000 72,000 and may be adjusted from time to time by the City <br /> Commission pursuant to a recommendation by the City Manager. <br /> The cost of a participation unit shall be determined by the amount <br /> of participation units purchased at the unit price multiplied by the <br /> total number of acres contained in the subject parcel. Additionally, <br /> the City Manager and/or his designee shall review the bonus <br /> participation unit price set forth herein every two years. If City <br /> Commission waives the provision of an access easement for safety <br /> reasons as provided in Subsection D(9)(c)[1][a] above, the total <br /> beach access bonus achieved through trust fund contributions shall <br /> not exceed 0.30. <br /> [2] Public beach recreations enhancement bonus. The floor area ratio shall be <br /> increased for developments that participate in the City's Beach Recreational <br /> Enhancements Trust Fund as established and administered by the City for <br /> the purposes of implementing oceanfront capital improvements. A bonus of <br /> 0.05 increase in the F.A.R. shall be granted for each participation unit <br /> contributed to the capital improvement fund designated for beach <br /> Ordinance Amending Sections 265-34.35.36 and 38\ 2 <br /> Words underlined are added,words stricken are deleted. <br />