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<br />each participation unit contributed to the capital improvement fund designated for <br />beach enhancements up to a maximum additional ~ 0.60 F.A.R. bonus. A <br />participation unit, for the purpose of the Collins A venue streetscape enhancement <br />bonus, shall be equal to $72,000 and may be adjusted from time to time by the <br />City Commission pursuant to a recommendation by the City Manager. <br />Additionally, the City Manager and/or his designee shall review the bonus <br />participation unit price set forth herein every two years. <br /> <br />* * * <br /> <br />[61 Educational and cultural infrastructure bonus. The floor area ratio shall be <br />increased for developments that participate in the Citv's Educational and Cultural <br />Infrastructure Trust Fund as established and administered by the City for the <br />purposes of implementing public educational and infrastructure capital <br />improvements. A bonus of 0.05 increase in the F.A.R. shall be granted for each <br />participation unit contributed to the capital improvement fund designated for <br />public educational and cultural capital improvements up to a maximum additional <br />0.20 F.A.R. bonus. A participation unit, for the purpose of the educational and <br />cultural infrastructure bonus, shall be equal to $72,000 and mav be adiusted from <br />time to time by the City Commission pursuant to a recommendation by the City <br />Manager. Additionally, the City Manager and/or his designee shall review the <br />bonus participation unit price set forth herein every two years. <br /> <br />Section 4. <br /> <br />Amendment. Section 265-23 of the City Code is amended to read as follows: <br /> <br />S 265-23. Transfers of development rights; definitions. <br /> <br />* * * <br /> <br />D. Establishment of receiver sites. <br /> <br />(1) Eligible receiver sites. All property within the Town Center, the Business District <br />abutting Collins Avenue and the Mixed Use High-Density/Resort Zoning Districts are <br />herewith established as receiver sites. receiver sites (a) may be developed as otherwise <br />permitted by the Land Development Regulations, as may be amended from time to time, in <br />combination with the development rights available to the site, provided that the overall <br />density achieved is consistent with, and does not exceed, the overall density and intensity <br />allowable by the Comprehensive Plan and subject to S 265-23D(2) hereinbelow. If an <br />approval was granted prior to the adoption of this section, pursuant to which a permit has <br />been issued, that site shall not be available as a receiver site, unless the prior approval is <br />revoked or abandoned by the applicant and a new development order is secured hereunder. <br /> <br />(2) Development limitations upon receiving sites. <br /> <br />* * * <br /> <br />(f) In no event shall a site plan on a receiver site be approved with any structure <br /> <br />Words added underlined, words stfiekoo deleted (ed) <br /> <br />Page 6 of8 <br />