Resolution Zoning 12-Z-129 - Laserfiche WebLink

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kv Upon the submittal of an application for building permit, the plans submitted shall meet with the approval of the Planning and Zoning Administrator and shall be consistent with the specific site plan approved by the City Commission. Plans shall include all the required elements of the site plan pursuant to the City's Land Development Regulations. Should revisions in the plans result in a change that would not be considered "minor" in accordance with Section 265 -18 of the City Code, the Applicant shall be required to obtain another approval of the City Commission. 2. That the project shall be developed substantially in accordance with the plans submitted for public hearings on November 17, 2011 and May 10, 2012. All conditions set forth in City Resolution 11 -Z -123, adopted on November 17, 2011, shall remain in effect. 3. That the Applicant shall acquire the following additional floor area ration bonuses: a) Public Beach Rec. Enhancement 0.10 FAR $ 318,240 b) Educational and cultural 0.20 FAR $ 636,480 The additional cash contribution for the Floor Area Ratio bonuses for the development is $954,720 for a total bonus increase in floor area ratio of 1.8 for a maximum floor area ratio of 4.3. The cash contribution of previously FAR bonus approval was $3,818,880. The total FAR cash bonus contribution for the project is $4,773,600. 4. That the Applicant shall pay a ten percent (10 %) non - refundable deposit to the City from the bonus payment of $954,720 within three (3) business days of approval of this site plan modification. The deposit amount is $95,472 with a balance of $859,248. 5. That the Applicant shall enter into a promissory note agreement with the City to pay the remaining balance of $859,248 for bonus payment approved pursuant to the site plan modification. Final payment of the balance shall be subject to a 4% yearly interest amount. Principal and interest payment shall be due at the time of issuance of TCO for the Project or three (3) years from date of issuance of building permit, whichever comes first. 6. That the Applicant shall pay for bonus units obtained in the original zoning approval at the time of issuance of the building permit in accordance with the City Code and the original site plan approval. 7. That the Applicant shall provide payment of $975,000 to the City if Applicant includes in its modified site plan 15,000 square feet of transfer of development rights ( "TDRs ") that were conditionally granted to the Applicant. Payment for the TDRs shall be made no later than six (6) months from issuance of building permit or evidence of actual use. NO BUILDING PERMIT SHALL BE ISSUED UNLESS THE APPLICANT HAS SUBMITTED ALL DOCUMENTS REFERRED TO UNDER THIS RESOLUTION AND SHALL HAVE PAID ALL IMPACT FEES, BONUSES, AND TRANSFER OF DEVELOPMENT RIGHTS TO THE CITY (IF APPLICABLE) OR OTHERWISE PRODUCED EVIDENCE THAT THE PERMITTED PRIVATE DEVELPOMENT RIGHTS AS SET FORTH IN SECTION IV HEREIN ABOVE 12 -Z - -- 18555 Collins Avenue 3