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Preview <br />f, es EVA A' <br />City of Sunny Isles Beach <br />18070 Collins Avenue <br />Sunny Isles Beach, Florida 33160 <br />(305) 947 -0606 City Hall <br />(305) 949 -3113 Fax <br />MEMORANDUM <br />TO: The Honorable Mayor and City Commission <br />IWT-11`A <br />Page 1 of 2 <br />Sharon P. Ragoonan, Assistant City Manager /Community Development <br />DATE: 5/10/2012 <br />199, <br />Porsche Design Tower Miami - Site Plan Modification <br />18555 Collins Avenue <br />Appl. No. Z2012 -06 <br />RECOMMENDATION: <br />The request is consistent with the Land Development Regulations and the <br />Comprehensive Plan. At this time, City Staff has no objection to the Applicant's request. <br />KI WMIG&I <br />The Applicant is requesting a modification of the approved site plan under City <br />Resolution 11 -Z -123 dated November 17, 2011 to increase Floor Area Ratio (FAR) by <br />obtaining additional FAR bonuses and Transfer Development Rights (TDRs). The total <br />approved FAR equals to 500,039 sq ft. and the total requested FAR equals to 543,887 sq <br />ft. There is no other modification requested to the previously approved site plan. The <br />additional bonus FAR has a monetary increment of $954,720 for this project and a <br />payment agreement is been stipulated in the staff report. <br />ATTACHMENTS: <br />Zoning Hearing Public Notice <br />Development Staff Report <br />Appplication Z2012 -06 <br />Agenda Item _ __ <br />Date - i o- 12, <br />http: / /sibagenda. sibfl. net /agenda/Preview.aspx ?ItemID= 787 &MeetingID <br />