Resolution Zoning 13-Z-136 - Laserfiche WebLink

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Created:11/26/12 CH Revised:11/27/12 AAD Revised:11/28/12 CH Revised:12/5/12 AAD&CH Revised:1217/2012 HO professional fees (as per Section 265-11 and such other applicable Land Development Regulations) due to the City. 13. That Applicant shall obtain concurrency review approval from Miami-Dade County School Board. 14. That the Applicant must present evidence of performance to the Community Development Department of the obligation required to qualify for the Floor Area Ratio bonus. In the event that the Applicant has done so and prior to issuance of the Certificate of Occupancy the Applicant shall acquire the following floor area ratio bonuses: a) Beach Access Easement 0.10 FAR $ 0.00 (*) b) Beach Access Trust Fund 0.20 FAR $ 716,256 c) Public Beach Rec. Enhancement 0.60 FAR $ 2,148,768 d) Collins Ave Streetscape 0.60 FAR $ 2,148,768 e) Sunny Isles Public Parking 0.20 FAR $ 716,256 f) Public Recreational Open Space 0.20 FAR $ 0.00 (*) g) Educational and Cultural 0.20 FAR $ 716,256 The FAR bonus program consists of participation units, which in this case are equal to 36 participation bonus units (where each participation unit has a value of 0.05 FAR). In detail, the bonus formula is the lot size (acres), times the participation units, times the price tag of the participation unit, for this case is as follows: 2.487 (acres) x 36 (participation units) x $72,000 (price tag) = $ 6,446,304.00 The total contribution for all Floor Area Ratio bonuses for the development is $6,446,304.00 for a total increase in floor area ratio of 2.1 for a floor area ratio of 4.6. The Applicant shall provide the City with a non-refundable deposit in the amount of ten percent (10%) of the approved purchased price of $6,446,304.00 for the FAR bonuses acquired from the City. The total amount of the deposit is $644,630.00. Failure to pay the required deposit within the three (3) working days of approval of the site plan application shall result in an automatic voiding of the City Commission site plan approval. (*) This is a non-cash bonus under the City Code. The Applicant will be providing Beach Access and Oceanfront Park Easements. 15. The Applicant shall pay all fees related to the review of the application described herein and shall have paid all other fees due to the City. 16. If approved, the Applicant must submit a separate building permit prior any installation of murals or graphics on temporary construction fencing to be approved administratively by the City Manager or designee. 17. That the Applicant shall provide the City with a mitigation contribution of $25,000 for cultural and/or park purposes to mitigate the proposed median cut. The Applicant shall 10 U:IPLANNING&ZONING2008\ZONING HEARING-APPLICATIONS\2012 APPLICATION\Z2012-16 JADE SIGNATURE