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HomeMy WebLinkAboutItem #27 - First Reading OrdinanceJ-93-512 8/30/93 ORDINANCE NO. AN ORDINANCE AMENDING CHAPTER 35 OF THE CODE OF THE CITY OF MIAMI, FLORIDA, AS AMENDED, ENTITLED "MOTOR VEHICLES AND TRAFFIC", BY ADDING A NEW ARTICLE IX ENTITLED "SILVER BLUFF COMMERCIAL PARKING IMPROVEMENT TRUST FUND"; DESCRIBING THE PURPOSES FOR WHICH SUCH FUND IS ESTABLISHED, THE REQUIREMENTS FOR FEES TO BE PAID IN LIEU OF REQUIRED PARKING, THE MANNER IN WHICH FUNDS ARE DEPOSITED TO THE FUND, AND THE RESTRICTIONS ON HOW FUNDS MAY BE SPENT; MORE PARTICULARLY BY ADDING NEW SECTIONS 35-196 AND 35-197; CONTAINING A REPEALER PROVISION AND A SEVERABILITY CLAUSE; AND PROVIDING FOR AN EFFECTIVE DATE. WHEREAS, the Silver Bluff commercial neighborhood of the City of Miami has enjoyed a re urgence of noTiAdustrial business activity in the area; and WHEREAS, the ail supply o o site parking spaces in close proximity to t e center of cvities is not sufficient to meet requ em nt and 6i a parking deficiency is now commonplace- and WHEREAS, the City Commission desires to make possible the creation of new offstreet parking spaces, as well as provide for greater utilization of existing nearby spaces; and WHEREAS, the City Commission finds that the establishment of a trust fund to receive and expend funds to create and improve offstreet parking facilities serving the Silver Bluff Commercial Overlay District is in the best interest of the citizens of the City of Miami; and