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(a) Enclosed parking bonus. The FAR shall be increased by 0.40 for <br /> developments that provide 75% or more of the required on-site parking <br /> in enclosed structures fully screening vehicles from exterior views. <br /> (b) Sunny Isles Beach public parking bonus. The floor area ratio shall be <br /> increased for developments that participate in the City's Beach Public <br /> Parking Trust Fund, as established and administered by the City for the <br /> purposes of implementing capital improvements for public parking. <br /> Public parking resources, in particular west of Collins Avenue, as a <br /> component of infrastructure improvements to facilitate public access to <br /> the oceanfront, is a policy objective of the adopted City of Sunny Isles <br /> Beach Comprehensive Plan. A bonus of 0.05 increase in the FAR shall <br /> be granted for each "participation unit" contributed to the capital <br /> improvement fund designated for beach enhancements up to a <br /> maximum additional 0.25 FAR bonus. A "participation unit," for the <br /> purpose of the public parking trust fund bonus, shall be equal to <br /> $200.000 $100,000 and may be adjusted from time to time by the City <br /> Commission pursuant to a recommendation by the City Manager. The <br /> cost of a participation unit shall be determined by the amount of <br /> participation units purchased at the unit price multiplied by the total <br /> number of acres contained in the subject parcel. Additionally, the City <br /> Manager and/or his designee shall review the bonus participation unit <br /> price set forth herein every two years. <br /> (c) Collins Avenue/Sunny Isles Boulevard public streetscape enhancement <br /> bonus. The FAR shall be increased for developments that participate in <br /> the City's Public Streetscape Enhancement Trust Fund, as established <br /> and administered by the City for the purposes of implementing capital <br /> improvements. A bonus of 0.05 increase in the FAR shall be granted <br /> for each "participation unit" contributed to the capital improvements <br /> trust fund designated for beach enhancements up to a maximum <br /> additional 0.30 FAR bonus. A "participation unit," for the purpose of <br /> the streetscape enhancement bonus, shall be equal to $200.000 <br /> $100,000 and may be adjusted from time to time by the City <br /> Commission pursuant to a recommendation by the City Manager. The <br /> cost of a participation unit shall be determined by the amount of <br /> participation units purchased at the unit price multiplied by the total <br /> number of acres contained in the subject parcel. Additionally, the City <br /> Manager and/or his designee shall review the bonus participation unit <br /> price set forth herein every two years. <br /> (d) Site assembly bonus. For parcels over 20,000 square feet in area, the <br /> FAR shall be increased by 0.05 for each additional 10,000 square feet <br /> of lot area up to a maximum additional 0.50 FAR bonus. <br /> Ordinance Amending.Sections 265-34.35.36 and 38 6 <br /> Words underlined are added,words stsi-ken are deleted. <br />