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<br />Preview <br /> <br />Page 1 of 3 <br /> <br /> <br />City of Sunny Isles Beach <br />18070 Collins Avenue <br />Sunny Isles Beach, Florida 33160 <br /> <br />(305) 947-0606 City Hall <br />(305) 949-3113 Fax <br /> <br />MEMORANDUM <br /> <br />TO: <br /> <br />The Honorable Mayor and City Commission <br /> <br />FROM: <br /> <br />Hans Ottinot, City Attorney <br /> <br />DATE: <br /> <br />11/17/2011 <br /> <br />RE: <br /> <br />Amendment to Section 265-37, 265-35 and, 265-23 of the Zoning Code <br /> <br />RECOMMENDA TION: <br /> <br />This Ordinance is presented for your consideration. <br /> <br />REASONS: <br /> <br />As you know, there has not been any major development project in the City for at least <br />three (3) years due to the crash of the real estate market. Recently, several Developers <br />have informed staff that the market for hi-rise luxury condominiums is starting to pick- <br />up. To restart development in the City, several developers have requested modifications <br />of the City's Zoning Code to create reasonable development incentives. The purpose of <br />the attached Ordinance is provided for development incentives: <br /> <br />Revisions to MUR District <br /> <br />The MUR District which is primarily the east side of Collins Avenue has been the major <br />redevelopment area in the City since its incorporation. The City's Comprehensive Plan <br />provides the development parameters for the development of projects on the east side of <br />Collins Avenue. In other words, the projects must be consistent with the density and <br />intensity guidelines provided by the Comprehensive Plan. Under the Comprehensive <br />Plan, development projects in the MUR district are provided with a base Floor Area <br />Ratio ("FAR") of 2.5. In simplistic term, FAR is the total square feet within a building. <br />As an incentive to develop the east side of Collins Avenue, the Comprehensive Plan <br />provides for the grant of additional FAR through a bonus program created under the <br />Zoning Code. Under the bonus program in the Zoning Code, development projects may <br />increase their FAR by 1.5 if the projects meet the requirements of the bonus program. <br />These requirements may be satisfied by providing on site amenities like a beach access or <br />cash contributions to the City. The cash contributions are calculated by the Zoning <br />Department on a per numerical unit price of $72,000. The proposed Ordinance will create <br /> <br />http://sibagenda.sibfl.net/agenda/Preview.aspx?I temID=63 6&MeetingID=0&MeetingDate... 1119/2011 <br />