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HomeMy WebLinkAboutExhibit 1 - Midtown CRA PlanCity of Miami March 2005 SECTION I: SECTION II: SECTION III: SECTION IV: MIDTOWN MIAMI COMMUNITY REDEVELOPMENT PLAN March 2005 GENERAL DESCRIPTION AND FINDING OF NECESSITY 3 GENERAL DESCRIPTION 3 MAPS OF MIDTOWN MIAMI COMMUNITY REDEVELOPMENT AREA 5 LEGAL DESCRIPTIONS 8 FINDING OF NECESSITY -EXECUTIVE SUMMARY 10 CREATION AND POWERS OF THE_MIDTOWN MIAMI COMMUNITY REDEVELOPMENT AGENCY 23 AUTHORITY TO UNDERTAKE REDEVELOPMENT ..24 SAFEGUARDS TO ENSURE REDEVELOPMENT ACTIVITIES FOLLOW THE REDEVELOPMENT PLAN 26 SAFEGUARDS TO ENSURE FINANCIAL ACCOUNTABILITY 26 SAFEGUARDS TO ENSURE PROPER IMPLEMENTATION AND PROJECT/PROGRAM ACCOUNTABILITY 27 SAFEGUARDS THROUGH RETENTION OF CERTAIN POWERS BY THE COUNTY 27 PROVIDING FOR A TIME CERTAIN AND SEVERABILITY 27 SECTION V: MIDTOWN MIAMI CRA GOALS 29 SECTION VI: THE PRIMARY REDEVELOPMENT PROJECT& REDEVELOPMENT PROGRAMS 33 SECTION VII: IMPLEMENTATION STRATEGY TO ENSURE REALIZATION OF THE PRIMARY REDEVELOPMENT PROJECT 34 SECTION VIII: REDEVELOPMENT AGENCY FINANCING 40 SECTION IX: NEIGHBORHOOD IMPACTS OF PROGRAMS 45 SECTION X: THE PLAN AMENDMENT PROCESS 46 City of Miami Planning Department Last printed 3/31/2005 9:38:00 AM 2 SECTION I — GENERAL DESCRIPTION AND FINDING OF NECESSITY GENERAL DESCRIPTION During the past several years, the City of Miami has taken an active role in revitalizing the Florida East Coast (FEC) Railroad corridor north of the Central Business District. The City has intervened to stem the declining economic and physical conditions of the corridor through a series of planning strategies intended to stimulate private investment. Of particular importance is the 56-acre, former FEC-owned Buena Vista Yard, which due to its centralized location and as the largest remaining tract of developable land within the City of Miami, is viewed as a vital cog in this on -going revitalization effort. The site is bounded by NE 36th Street on the north, NE 2nd Avenue on the east, NE 29th Street on the south, and North Miami Avenue on the west and served as an overflow storage yard for shipping containers for many years. The site was purchased by private investors in November 2003 and subsequently subdivided into two separate plats: Midtown Miami East (MME) on the east and Buena Vista West (BVW) on the west. Midtown Miami East was further subdivided into "tracts" lettered A through I, and Buena Vista West was subdivided into tracts lettered A through G. Midtown Miami East (MME): Midtown Miami East will be primarily dedicated for residential development. The proposed "Midtown Miami" project is a mixed -use development comprised of approximately 2,800 condominiums, an office tower, a condominium -hotel and spa, and approximately 119,000 square feet of retail and restaurant uses on the ground floors of the office and condominium towers. Buena Vista West (BVW): Buena Vista West will become primarily retail. The "Shops at Midtown Miami," the retail component of Midtown Miami, will include: general merchandisers, men's, women's and children's apparel, music and electronics, City of Miami Planning Department Last printed 3/31/2005 9:38:00 AM 3 accessories, shoes, house wares, and a variety of themed restaurants intended to serve both the neighborhood and regional retail markets. Public and Private -sector investments will create and convey to the City, County and CDD approximately 15-acres of public infrastructure to include: roadway, major intersection redesign, lighting, signalization, medians; water and sewer, sanitary and storm water sewers; drainage, streetscape/landscape and irrigation improvements; sidewalks, irrigation bubblers, and planters for streetscapes in order to attract more than $834 million in private -sector capital investments. City of Miami Planning Department Last printed 3/31/2005 9:38:00 AM 4 MAPS OF MIDTOWN MIAMI COMMUNITY REDEVELOPMENT AREA Figure 1 SITE LOCATION • A_. +1�1¢ rrtr4• J 1 4 0 � _..� r_ Imo, -, ■?qr.. • ` .y �+ •d • ..'� Yy t6. ,�1� 1� I1 #I �I F7fiTM� -1r = Y7 '. @j4 IvJ�4 T�.I �. _ 1. pF I� 1 mo�, Ott]]] I - ,.,1 r I !1 —1 'qc' ; I 9 i.l a r .. _ I �,. o- 4i.-ii-I • ul! I FI. r, i' ti! 411. . III ® •LYE -,2 �;i �.i 4 I iii ,1 -� i SY- . CC or -1 F 4 I - 7L �1Y rr _I 1 �`�' R,•I ` if _7• •#'�y, y",.. F....... •� 7 .Y,''f# 1 �._ .i y . - - of .. 1 .11sS t T...",_—_ "°Irk ' $ .. d;. irr City of Miami Planning Department Last printed 3/31/2005 9:38:00 AM 5 Figure 2 AERIAL VIEW City of Miami Planning Department Last printed 3/31/2005 9:38:00 AM 6 Figure 3 PROPERTY MAP EXP 1 S 5 L 36 S L LE NW 35 T H ,cT D ui NW 29 ST EFIZIJti r FLORIOAzEAST'COASTT uf A NF ST NE30 ST IT 1111 11 l City of Miami Planning Department Last printed 3/31/2005 9:38:00 AM 7 LEGAL DESCRIPTION As per the Findings of Necessity Study, the 56-acre Buena Vista Yard was determined to contain blighted conditions and improper street patterns, leading to unsafe conditions within the area. MIDTOWN MIAMI EAST PARCEL LEGAL DESCRIP7701V: A portion of Western Boulevard Tract, as recorded in Piot Book 1 at Page 108; Together with a portion of Centro/ Buena Vista, as recorded in Plot Book 121 at Page 71, all of the Public Records of Dode County, Florida, and a portion of the N.E. of Section 25, Township 53 South, Range 41 East, Miami -Dade County, Florida. The overall boundary being more particularly described as follows: Commence at the Southwest corner of Lot 22 of said Western Boulevora' Tract; thence North 88 degrees 34 minutes 16 seconds East, along the North Right -of -Way line of N. E. 29th Street, for 377.86 feet to a point of curvature being also the Point of Beginning of the following described parcel of land; thence Northeasterly, along the arc of a circular curve concave to the Northwest, said curve having a radius of 10.00 feet and a central angle of 76 degrees 20 minutes 56 seconds for an arc distance of 13.33 feet to a Point of Tangency,. thence North 12 degrees 12 minutes 51 seconds East, along the Northwesterly Right -of -Way line of the proposed Midtown Boulevard, for 2308.36 feet to a point of curvature; thence Northeasterly, Northerly, Northwesterly and Westerly, along the arc of a circular curve concave to the Southwest, said curve having a radius of 25.00 feet and a central angle of 103 degrees 49 minutes 03 seconds for on arc distance of 45.30 feet; thence North 01 degrees 36 minutes 12 seconds West, Radial to the last described curve, for 4.00 feet to a point on the South Right -of -Way line of N.C. 36th Street; thence North 88 degrees 23 minutes 48 seconds East, along the said South Right -of -Way line of N.E. 36th Street for 447.00 feet to a point on the proposed West Right-of-Woy line of the Florida East Coast Railway, said Right -of -Way Line lying approximately 28.00 feet Westerly of the centerline of the existing railroad tracks; thence South 12 degrees 12 minutes 51 seconds West, along said proposed Right -of -Way line, for 313.32 feet to a point of curvature,. thence Southwesterly along the arc of a circular curve concave to the Southeast, said curve having a radius of 1500.00 feet and a central ong/e of 03 degrees 07 minutes 24 seconds for an arc distance of 81.77 feet to a Point of Tangency; thence South 09 degrees 05 minutes 27 seconds West, continuing along said proposed Right -of -Way line, for 99.75 feet to a point of curvature; thence Southwesterly along the arc of a circular curve concave to the Northwest, said curve having a radius of 3500.00 and a central angle of 03 degrees 07 minutes 24 seconds for an arc distance of 190.79 feet to a Point of Tangency; thence South 12 degrees 12 minutes 51 seconds West, continuing along said proposed Right -of -Way line, for 7665.22 feet to the North Right -of -Way line of N.E. 29th Street extended (The last five mentioned courses being coincident with the easterly line of the 25 foot communication easement per O.R.B. 20853, PG. 2873); thence South 88 degrees 34 minutes 16 seconds West, along the said North Right -of -Way line and its extension for"446.72 feet to the Point of Beginning. All of the above lying and being in Section 25, Township 53 South, Range 41 East, City of Miami, Miami -Dade County, Florida. NOTE$ 7. TRACTS "J'; "K" AND "L" ARE RESERVED FOR EMERGENCY ACCESS AND PUBLIC VEHICULAR ACCESS OVER AND UPON ANY ROADWAY TO BE CONSTRUCTED THEREIN. TRACTS ':1'; "K" AND "L" ARE ALSO RESERVED FOR THE INSTALLATION AND MAINTENANCE OF PUBLIC UTILITIES SOBJECT TO RESTRICTIONS OF RECORD. City of Miami Planning Department 8 Last printed 3/31/2005 9:38:00 AM BUENA VISTA WEST PARCEL LEGAL DESCRIPTION: A portion of Western Boulevard Tract, as recorded in Plat Book 1 at Page 108; Together with a portion of P/ot of the Montgomery Co's Subdivision, as recorded in Plat book 1 at Page 144; Together with a portion of Central Buena Vista, as recorded in Plat Book 121 at Page 71, ol/ of the Public Records of Miami —Dade County, Florida and a portion of the N.E. of Section 25, Township 55 South, Range 41 East, Miami —Dade County, Florida. The overall boundary being more particularly described as follows: Begin at the Southwest corner of Lot 22 of said Western Boulevard Tract; thence North 01 degree 18 minutes 28 seconds West along the East Right —of —Way line of North Miami Avenue, for 972.92 feet; thence North 01 degree 16 minutes 42 seconds West, continuing along said East Right —of —Way line, for 1310.24 feet to the South Right —of —Way line of N.E. 36th Street; thence North 88 degrees 23 minutes 47 seconds East, along the South Right—of—Wqy line of N.E. 36th Street for 902.22 feet; thence South 01 degrees 36 minutes 12 seconds East, radial to the next described circular curve, for 4.00 feet to a Point of Curvature; thence Easterly, Southeasterly and Southwesterly, along the arc of a circular curve concave to the Southwest, said curve having a radius of 25.00 feet and a central angle of 103 degrees 49 minutes 03 seconds for an arc distance of 45.30 feet to o Point of Tangency, being also the West Right —of —Way line of Proposed Midtown Boulevard; thence South 12 degrees 12 minutes 51 seconds West, along said proposed Right —of —Way line, for 2308.36 feet to a Point of Curvature; thence Southwesterly along the arc of a circular curve concave to the Northwest, saki curve having a radius of 10.00 feet and a central angle of 76 degrees 20 minutes 56 seconds, for an arc distance of 13.33 feet to a Point of Tangency, being a/so the North Right —of —Way line of N.E. 29th Street; thence South 88 degrees 34 minutes 16 seconds West, along the said North Right —of —Way line, for 27.70 feet to the Southeast corner of Lot 16 of said Western Boulevard Tract; thence North 01 degree 18 minutes 24 seconds West, along the East line of said Lot 16, for 138.20 feet to the Northeast corner of said Lot 16; thence South 88 degrees 34 minutes 16 seconds West along the North line of Lots 16, 17, 18, 19 and 20 of said Western Boulevard Tract, for 250.00 feet to the Northwest corner of said Lot 20; thence South 01 degree 18 minutes 28 seconds East, along the West line of said Lot 20, for 138.20 feet to the Southwest corner of said Lot 20; thence South 88 degrees 34 minutes 16 seconds West, along the South line of Lots 21 and 22 of said Western Boulevard Tract, for 100.00 feet to the Point of Beginning, subject to a proposed communications easement over the Easterly 25.00 feet thereof. Al/ of the above lying and being in Section 25, Township 53 South, Range 41 East, City of Miami, Miami —Dade County, Florida. 1. AN EXPRESS PURPOSE OF THIS PLAT IS TO VACATE ALL THE RIGHTS —OF —WAY WITHIN THE PLAT OF MONTGOMERY CO:s SUBDIVISION, LYING SOUTHERLY OF N.E. 36th STREET AND EASTERLY OF NORTH MIAMI AVENUE. 2. TRACTS "G" AND "H" ARE DIMENSIONALLY NON—CONFORM/NG AND SHALL ONLY BE "BUILDABLE" IF UNITED BY A "UNITY OF TITLE" OR "CONVENANT IN LIEU OF UNITY OF TITLE" WITH ANOTHER CONFORMING TRACT OR IF "G" AND "H" ARE OTHERWISE CONFORMING Ar THE TIME A BUILDING PERMIT IS SOUGHT FOR CONSTRUCTION ON SUCH TRACTS. City of Miarni Planning Department g Last printed 3/31/2005 9:38:00 AM FINDING OF NECESSITY — EXECUTIVE SUMMARY Executive Summary In the past several years, the City of Miami has taken an active role in revitalizing its Florida East Coast (FEC) Railroad corridor north of the Central Business District (CBD). The City has intervened to stem the declining economic and physical conditions of the corridor through a series of planning implementation strategies intended to stimulate private investment activity. Of particular importance is a 56-acre site located within the geographic center of the corridor. The parcel, formerly owned by Florida East Coast Railway, was most recently utilized as an overflow storage yard for containers used in the maritime transportation of goods. Due to its centralized location and the fact that it is the largest remaining tract of developable land within the boundaries of the City of Miami, this property is viewed as a vital cog in this on -going revitalization effort. In order to encourage development of the site, the Miami City Commission recently adopted a resolution authorizing the City Manager to conduct a "Finding of Necessity Study" for the creation of a Community Redevelopment Agency ("CRA") and to enter into an Interlocal Agreement ("Agreement") between the City of Miami ("City"), Miami Dade County ("County") and Midtown Miami Community Development District ("CDD"), which secures financial contributions to the CDD by the City and the County to defray the cost of parking infrastructure and a public plaza. Commitment to the project is also evident in the Agreement, wherein the City's and the County's desire to create a CRA to support in the revitalization efforts of the site is addressed in detail. The creation of a CRA pursuant to Part III of Chapter 163 of the Florida Statutes and the powers authorized by legislation will facilitate the planned redevelopment of the former Buena Vista site and surrounding area by providing a public funding resource to leverage private investment activity. At the City's request, the Florida International University (FIU) Metropolitan Center researched the necessary steps for the creation of a CRA. Creation of the agency is City of Miami Planning Department Last printed 3/31/2005 9:38:00 AM 10 initiated by the governing body of a city or county adopting a resolution, supported by data and analysis, finding the existence of one or more slum or blighted areas or a shortage of housing affordable to low or moderate income persons within its jurisdiction. The resolution must also find that the "rehabilitation, conservation, or redevelopment, or a combination thereof" of the area is necessary. For the purposes of the "Finding of Necessity for Redevelopment Study," the geographic area is defined by the public right-of-ways that generally form the outer boundaries of the former FEC Buena Vista Yard. The site is bounded by NE 36th Street on the north; NE 2nd Avenue on the east; NE 29th Street on the south; and, North Miami Avenue on the west. The study area is located 2 miles north of the City of Miami's Central Business District (CBD), 5 miles east of Miami International Airport and 2 miles west of Miami Beach. The site is 1/8 mile west of Biscayne Boulevard (US 1) and immediately south of 1-195 and its north and southbound connections to 1-95. The FEC Buena Vista Yard was purchased in December 2002 from FEC Railways by Biscayne Development Partners, LLC, a joint venture between Midtown Equities and Samuel & Company. The new owners subsequently proposed two separate projects on the 56-acre site. The "Midtown Miami" portion is a proposed mixed -use development consisting of 2,800 condominiums, a 150,000 square foot office tower, a 200-room condo -hotel and spa and approximately 119,000 square feet of retail, and restaurants on the ground floors of the office and condo towers. The second portion, "The Shops at Midtown", consists of national anchor tenants, retail and restaurants. The project proponents, Developers Realty (DDR), are also planning to enter into an agreement with a residential developer to build 700 apartments above the "street of shops." The "Finding of Necessity For Redevelopment Study" methodology included field surveys of the former FEC Buena Vista Yard and supporting public infrastructure and transportation network, and a review of current planning and economic development City of Miami Planning Department Last printed 3/31/2005 9:38:00 AM 11 studies and reports of the area. The following excerpts offer insight into infrastructure and transportation findings of the Study: Infrastructure: North Miami Avenue North Miami Avenue, between NE 29th Street to NE 36th Street, forms the western boundary of the study area. The arterial roadway carries significant traffic to and from the Downtown area and 1-195. Commercial uses line the western side of the Avenue backed by single family residential in the blocks extending west to NW 2nd Avenue. The east side of the avenue that borders the Buena Vista site is an unsightly stretch of public right-of-way and adjoining private land with overgrown vegetation that casts a significant blighted appearance to the entire city block. Figure 4. Crumbling sidewalks along North Miami Avenue City of Miami Planning Department Last printed 3/31/2005 9:38:00 AM 12 Figure 5. Crumbling curbing and overgrown vegetation on North Miami Avenue Figure 6. Crumbling sidewalks and unsanitary conditions on North Miami Avenue The condition or absence of public infrastructure along North Miami Avenue creates unsanitary and unsafe conditions in the area. These conditions include: broken curbing, lack of sidewalks, poor landscaping, unavailable stormwater drainage, inadequate street lighting for nighttime pedestrian and resident activity. NE 36th Street NE 364" Street, between North Miami Avenue and NE 2nd Avenue forms the northern boundary of the study area. NE 36th Street is an arterial roadway that carries high traffic volumes between Biscayne Boulevard and 1-195. The north side of the street is primarily comprised of commercial uses that mark the southern entrance into the Design District. The south side of the street is the main entrance into the former City of Miami Planning Department Last printed 3/31/2005 9:38:00 AM 13 FEC Buena Vista Railway property. Similar to North Miami Avenue, the south side of NE 36th Street is an unsightly stretch of public right-of-way and adjoining private land that is highly incongruous with the physical improvements evident in the adjacent Design District. Figure 7. Lack of sidewalks, overgrown vegetation, collapsed fencing on NE 36t`' Street Figure 8. Lack of sidewalks and overgrown vegetation on NE 36th Street City of Miami Planning Department Last printed 3/31/2005 9:38:00 AM 14 Figure 9. Crumbling curbing and collapsed fencing at North Miami Avenue and NE 36th Street Intersection The most blighted section of NE 36th Street extends east along the south side of the roadway from the intersection of North Miami Avenue. Along this stretch, missing or broken curbing, missing sidewalks, overgrown vegetation, inadequate street lighting, absence of landscaping and a lack of stormwater drainage creates unsanitary and unsafe conditions in the area. NE 29th Street NE 29th Street, between NE 2nd Avenue and North Miami Avenue, forms the southern boundary of the study area. NE 29th Street is an arterial roadway that carries heavy volumes of traffic between Biscayne Boulevard and points west of 1-95. The street is primarily lined with a mix of commercial and retail uses. The physical condition of the north side of NE 29th Street is very similar to North Miami Avenue and NE 36th Street. This stretch of public right-of-way and adjoining private land is unsightly with little supporting public infrastructure. City of Miami Planning Department Last printed 3/31/2005 9:38:00 AM 15 Figure 10. Deteriorated sidewalks, overgrown vegetation and miscellaneous obstruction on NE 29th Street Figure 11. Lack of sidewalks, overgrown vegetation, and unsanitary conditions on NE 29th Street City of Miami Planning Department Last printed 3/31/2005 9:38:00 AM 16 Figure 12. Lack of sidewalks. overgrown vegetation and collapsed fence on NE 29th Street The physical condition or absence of public infrastructure creates unsanitary and unsafe conditions in the area. These conditions include: missing sidewalks and curbing, inadequate stormwater drainage, overgrown vegetation, lack of landscaping, and inadequate street lighting for nighttime pedestrian and resident activity. Transportation: North Miami Avenue North Miami Avenue functions as a minor north and southbound arterial running along the western boundary of the study area. The avenue accommodates traffic at moderate levels and a lower level of travel mobility than principal arterials. It distributes travel to geographic areas smaller than those identified with the higher system. The land along the avenue consists of a mix of commercial and industrial uses. The study focused on the intersection of North Miami Avenue and NE 36th Street. An intersection is defined as the area where two or more highways/streets join or cross, including the roadway and roadside facilities for traffic movements within the intersection. Each highway/street radiating from an intersection and forming part of it is referred to as an intersection leg. In general, the alignment of the intersection streets should permit users to perform readily the maneuvers necessary to pass through the intersection with minimal interference. Thus, the alignment should be as straight as practical and the intersecting legs should generally meet at right angles. The following figures show a trailer tuck making a right turn from the westbound inside lane on NE 29th Street to the northbound inside lane on North Miami Avenue. City of Miami Planning Department Last printed 3/31/2005 9:38:00 AM 17 Figure 13. Right turn from the westbound inside lane on NE 29th Street to the northbound inside lane on North Miami Avenue Figure 14. Insufficient turning radii on NE 29th Street and North Miami Avenue intersection The image clearly demonstrates that the turning radii at the intersection are insufficient for a large truck to perform right turning maneuvers at any corner of the intersection. NE 29th Street and NE 2nd Avenue Intersection NE 29th Street is a minor east and westbound arterial running along the south boundary of the study area. NE 29th Street crosses the FEC Railroad between North Miami Avenue and NE 2nd Avenue. The street section between 1-95 and NE 2nd Avenue has four lanes reducing to two lanes east of NE 2nd Avenue. In addition to the lane reduction, the intersection has a large offset causing it to operate inefficiently. The centerline spacing between the east and westbound approaches is nearly 19m (62 feet). The photos and figures below show the roadway misalignment due to the offset intersection. As with the previous intersection, the turning radii at the intersection are not sufficient to accommodate turning maneuvers by large trucks. City of Miami Planning Department Last printed 3/31/2005 9:38:00 AM 18 Figure 15. NE 29`h Street and NE 2nd Avenue Intersection Figure 16. Off -set intersection at NE 29th Street and NE 2nd Avenue City of Miami Planning Department Last printed 3/31/2005 9:38:00 AM 19 Figure 17. Off -set intersection at NE 29th Street and NE 2nd Avenue NE 36th Street and NE 2nd Avenue Intersection NE 36t" Street carries most of the vehicle trips entering and leaving this urban area, as well as through traffic moving between 1-195 and Miami's Central Business District (CBD). As such, NE 364" street is classified as an "urban principal arterial system." The FEC Railroad bisects the five -legged intersection at NE 36th Street and NE 2nd Avenue, creating a complex intersection geometry that is confusing to drivers. In addition, because the intersection is less than 500 feet away from the intersection of NE 36t" Street and Biscayne Boulevard (US 1), it suffers from frequent traffic spillback. Traffic safety and efficiency needs to be addressed at this intersection. Removing conflicting movements, realigning one or more of the intersection legs, combining traffic movements at subsidiary intersections or making one or more of the legs one- way. The re -design of the intersection will need to take into account ongoing and planned redevelopment activities between 1-95 and the Biscayne Commercial Corridor. City of Miami Planning Department Last printed 3/31/2005 9:38:00 AM 20 Figure 18. NE 36th Street and NE 2nd Avenue Intersection Study Conclusions The study concluded that the former FEC Buena Vista Yard is an underutilized, physically blighted site that has cast a negative image on this section of the City for many years. In addition, the overall condition of the supporting public infrastructure and transportation network within the surrounding public right-of-ways can be described as deteriorated in accordance with the standards of Section 163.340(8), F.S. Specifically, field surveys determined that the public infrastructure and transportation network in the adjoining right-of-ways is generally decaying, insufficient, poorly designed or non- existent. The street/roadway system in the area is faulty and inadequate and creates unsafe conditions for both vehicular and pedestrian traffic. It should be noted that the study determined the presence of two primary factors or conditions that support the findings that the FEC Buena Vista Yard and adjoining right- of-ways meet the standards of a "blighted area" as defined under 163.340(8) F.S. Those factors are: 1) unsanitary and unsafe conditions, and 2) the predominance of defective and inadequate street layouts and roadways. The study further concluded City of Miami Planning Department Last printed 3/31/2005 9:38:00 AM 21 that the conditions of blight that exist, absent intervention, will continue to impact negatively the physical appearance of the area and depress property values. City of Miami Planning Department Last printed 3/31/2005 9:38:00 AM 22 SECTION II — CREATION AND POWERS OF THE MIDTOWN MIAMI COMMUNITY REDEVELOPMENT AGENCY The Midtown Community Redevelopment Agency was created pursuant to Florida's Community Redevelopment Act of 1969, Florida Statutes 163.330 et seq., by City of Miami Resolution No R-05- , passed and adopted on March 24, 2005, and in accordance with the Finding of Necessity and delegation of powers set forth in Miami - Dade County Resolution No. R-213-05, passed and adopted on March 1, 2005. As provided in Miami -Dade County Resolution No. R-213-05, additional powers of the Midtown Community Redevelopment Agency are to be delegated by inter -local agreement. City of Miami Planning Department Last printed 3/31/2005 9:38:00 AM 23 SECTION III — AUTHORITY TO UNDERTAKE REDEVELOPMENT This Redevelopment Plan for the Midtown Miami Community Redevelopment Area has been prepared in accordance with the Community Redevelopment Act of 1969, Chapter 163, Part III, Florida Statutes. Except where inapplicable, or when inclusion of a programmatic element is impractical due to the nature of the development, the Plan includes all elements enumerated in the Community Redevelopment Act of 1969. In recognition of the need to prevent and eliminate the spread of slum and blighted conditions, and inadequate traffic patterns within the community, the Community Redevelopment Act confers upon counties and municipalities the authority and powers to perform "Community Redevelopment Activities." For the purposes of the MIDTOWN MIAMI CRA Plan, the following definition as provided in Chapter 163.340(9), Part III, Florida Statute shall apply: "Community redevelopment" or "redevelopment" means undertakings, activities, or projects of a county, municipality, or community redevelopment agency in a community redevelopment area for the elimination and prevention of the development or spread of slums and blight, or for the reduction or prevention of crime, or for the provision of affordable housing, whether for rent or for sale, to residents of low or moderate income, including the elderly, and may include slum clearance and redevelopment in a community redevelopment area or rehabilitation and revitalization of coastal resort and tourist areas that are deteriorating and economically distressed, or rehabilitation or conservation in a community redevelopment area, or any combination or part thereof, in accordance with a community redevelopment plan and may include the preparation of such a plan." The ability of a county or municipality to utilize the authority granted under the Act is predicated upon the adoption of a "Finding of Necessity" resolution by the governing body. This step was undertaken by the Miami -Dade Board of County Commissioners on March 1, 2005, by the adoption of RESOLUTION R-213-05 on the "Finding of Necessity for Redevelopment Study: FEC Buena Vista Yard Area" prepared by the Florida International University Metropolitan Center. City of Miami Planning Department Last printed 3/31/2005 9:38:00 AM 24 Additionally, where, as here, a county has adopted a home rule charter, authority to undertake creation of a community redevelopment agency is further predicated on a delegation of authority under the Community Redevelopment Act by the governing body of the county. The Board of County Commissioners of Miami -Dade County delegated to the City of Miami authority to create the Midtown Community Redevelopment Agency by resolution R-213-05, passed and adopted on March 1, 2005. The Commission of the City of Miami, created the Midtown Community Redevelopment Agency by resolution R- 05 , passed and adopted on March 24, 2005. City of Miami Planning Department Last printed 3/31/2005 9:38:00 AM 25 SECTION IV — SAFEGUARDS TO ENSURE REDEVELOPMENT ACTIVITIES FOLLOW THE REDEVELOPMENT PLAN The MIDTOWN MIAMI COMMUNITY REDEVELOPMENT AREA (MIDTOWN MIAMI CRA) Board shall be fully subject to the Florida Sunshine Law and will meet as necessary to carry out the business of the Agency. The MIDTOWN MIAMI CRA shall file an annual report with such bodies as required by law. This report shall contain a programmatic overview of the activities of the MIDTOWN MIAMI CRA as allowed by the Redevelopment Plan. The MIDTOWN MIAMI CRA shall provide adequate safeguards to ensure that all leases, deeds, contracts, agreements and declarations of restrictions relative to any real property conveyed shall contain restrictions, covenants running with the land and its uses, or other such provisions necessary to carry out the goals and objectives of the Plan. SAFEGUARDS TO ENSURE FINANCIAL ACCOUNTABILITY 1. The MIDTOWN MIAMI CRA shall maintain adequate records to provide for an annual audit. The findings of the audit shall be presented at a public meeting of the MIDTOWN MIAMI CRA Board, and such findings shall be forwarded to the State Auditor General's Office by March 31st of each year for the preceding fiscal year, which shall run from October 1st through September 30th. The annual Audit Report shall be accompanied by the MIDTOWN MIAMI CRA Annual Report and shall be provided to the governing body. Legal notice in a newspaper of general circulation shall be provided to inform the public of the availability for review of the Annual Audit and Annual Report. City of Miami Planning Department Last printed 3/31/2005 9:38:00 AM 26 2. The MIDTOWN MIAMI CRA shall file all reports necessary to comply with the "special districts" requirements of the State of Florida. 3. All MIDTOWN MIAMI CRA tax increment financing funds shall be held in a Redevelopment Trust Fund. SAFEGUARDS TO ENSURE PROPER IMPLEMENTATION AND PROJECT/PROGRAM ACCOUNTABILITY The MIDTOWN MIAMI CRA shall cause the following to be prepared, which shall be presented at a regularly scheduled public meeting of the Midtown Miami CRA Board: a) All reports and such other items as required by Florida Statute for the operation of a CRA; b) An annual report; c) An annual audit; and d) An annual budget. SAFEGUARDS THROUGH RETENTION OF CERTAIN POWERS BY THE COUNTY Powers retained by the County shall be provided in the Interlocal Agreement between the Agency and the County. PROVIDING FOR A TIME CERTAIN AND SEVERABILITY All redevelopment activities of a contractual, financial and programmatic nature shall have a maximum duration, or commitment of up to, but not exceeding, thirty (30) years from the date of adoption by the Board of County Commissioners of Miami -Dade City of Miami Planning Department Last printed 3/31/2005 9:38:00 AM 27 County. The start date for the thirty-year clock shall be the Plan adoption and approval date of the Board of County Commissioners. City of Miami Planning Department Last printed 3/31/2005 9:38:00 AM 28 SECTION V — MIDTOWN MIAMI CRA GOALS The overall redevelopment goals of the Midtown CRA are as follows: The Midtown Miami CRA shall seek to implement programs that support the private sector led plans to transform the blighted former FEC Railroad Buena Vista site into an economically vibrant mixed use development. More specifically, the following goals pertain to implementation. It is anticipated that the specific project components may change during the course of development based upon private investors' assessment of market demand so long as the primary goal is maintained. Primary Goal • The Midtown Miami CRA shall support payment of debt service of bonds issued by the CDD which will fund the development of an efficient public parking system throughout the redevelopment area and a public plaza also know as the "Mid Block Plaza." Overall Redevelopment Goals • The Midtown Miami CRA shall encourage an integrated system of pedestrian and vehicular circulation, landscaping, greenscaped areas including public plazas, and streetscape improvements. • The Midtown Miami CRA will work and communicate with all interested community groups towards the successful realization and implementation of all redevelopment goals and programs. • The Midtown Miami CRA shall encourage the private sector to create both professional and service sector jobs to residents. City of Miami Planning Department Last printed 3/31/2005 9:38:00 AM 29 • The Midtown Miami CRA shall comply with the goals, objectives and guidelines of the City's development review boards for all redevelopment activities it supports or initiates. • The Midtown Miami CRA will work towards leveraging the maximum amount of non -tax -increment financing resources possible to assist in redevelopment. • The Midtown Miami CRA shall partner with public and private sector entities towards the achievement of its redevelopment goals and to gain maximum leveraging of assets and cooperation. • The Midtown Miami CRA shall encourage environmental clean-up activities that it considers to be in the best interest of the community and where environmental problems are an obstacle to redevelopment. • The Midtown Miami CRA will work in concert with the goals of the City of Miami Comprehensive Plan, in addition to those established by Chapter 163, Part III, Florida Statutes, as they relate to the Midtown Miami Community Redevelopment Plan. City of Miami Planning Department Last printed 3/31/2005 9:38:00 AM 30 Miami Comprehensive Neighborhood Plan: The City of Miami, in anticipation of the site's potential redevelopment, amended the Miami Comprehensive Neighborhood Plan in November 2003 by adding the Buena Vista Yard Regional Activity Center (RAC) land use classification. The RAC classification provides guidelines and standards for projects intended to appeal to a regional market. The Comprehensive Plan amendment encourages "redevelopment in identified Urban Infill" areas, and recommends the prompt review of "land use plan amendments" to facilitate redevelopment. The following are excerpts from the amendment: Policy LU-3.1.2: Create Regional Activity Centers if appropriate in Urban Infill Areas and Urban Redevelopment Areas to facilitate mixed -use development, encourage mass transit, reduce the need for automobile travel, provide incentives for quality development and give definition to the urban form. The permitted uses and density and intensity of uses within a RAC shall be governed by the underlying future land use map designations of the subject property, except as otherwise limited by the designation of the RAC in the comprehensive plan. A designated RAC shall routinely provide service to, or be regularly used by, a significant number of citizens of more than one county; contain adequate existing public facilities as defined in Rule 9J-5, F.A.C., or committed public facilities, as identified in the capital improvements element of the City's comprehensive plan; and shall be proximate and accessible to interstate or major arterial roadways. Regional Activity Centers Regional Activity Center (RAC). A Regional Activity Center designation is intended to encourage and promote large-scale development and redevelopment as well as small parcel infill development and redevelopment that facilitates a balanced mix of land uses by providing maximum flexibility for development and redevelopment activities. In accordance with Chapter 28-24.014(10)(b)2, F.A.C., a Regional Activity Center in the City of Miami shall be a compact, high intensity, high density multi -use area designated as appropriate for intensive growth as an urban infill or urban redevelopment area by the City and may include: residential use; commercial; office; cultural and community facilities; recreational and entertainment facilities; hotels or motels; transportation facilities; utilities; and appropriate industrial activities. The major purposes of this designation are to facilitate mixed -use development, encourage mass transit, reduce the need for automobile travel, provide incentives for quality development and give definition to the urban form. City of Miami Planning Department Last printed 3/31/2005 9:38:00 AM 31 Buena Vista Yard Regional Activity Center The Buena Vista Yards Regional Activity Center is designated to be a Chapter 380 Regional Activity Center and, subject to amendment of the Strategic Regional Policy Plan for South Florida by the South Florida Regional Planning Council, as a regional development district (a geographic area specifically designated as highly suitable for increased threshold intensity) for the purpose of increasing DRI thresholds. Permitted uses shall be as for the underlying land use classification; however, the following minimum and maximum development thresholds shall apply: Residential: 2,000 units minimum / 4,500 units maximum Commercial: 500,000 s.f. minimum / 1,200,000 s.f. maximum Office: 80,000 s.f. minimum / 100,000 s.f. maximum The City shall develop and implement design standards to address compatibility of development within the Buena Vista Regional Activity Center with the surrounding area, which design standards should further the following concepts: ■ New streets and avenues should connect to the existing street grid. ■ Sidewalks, as principal pedestrian throughways, should be designed to create a comfortable outdoor public space to accommodate a range of active and passive pedestrian activities. ■ Buildings should have ground floor uses that activate the street and relate new development to surrounding areas. ■ The context and scale of new development should be reflected in new building design, including the setting back of upper floors in order to accommodate height while maintaining human scale at the pedestrian level. As stated above, the City of Miami has adopted design standards addressing the aforementioned elements. See Exhibits II and III in the Appendix. City of Miami Planning Department Last printed 3/31/2005 9:38:00 AM 32 SECTION VI — THE PRIMARY REDEVELOPMENT PROJECT & REDEVELOPMENT PROGRAMS The primary redevelopment project is limited to payment of the debt service on Bonds issued by the CDD in accordance to the Interlocal Agreement between the City of Miami, Miami -Dade County and Midtown Miami CDD and any administrative costs incurred in the creation and functioning of the Midtown CRA to be provided for in the interlocal agreement that sets forth the powers and duties of the Midtown CRA, and as approved by Miami -Dade County in the annual budget. Said Bonds will fund the improvements described below: Parking Improvements The CDD shall fund and construct parking decks/garages within the north, mid, and south blocks of the 56-acre site. Parking Decks Cars Cost/Car Total Cost North Block 1,795 $16,143 $28,977,000 Mid Block 333 $15,322 $5,102,147 South Block 786 $14,324 $11,258,742 Parking Deck 2,914 $45,337,889 Public Plaza Public Plaza improvements are generally described as and may consist of landscaping, fountains, benches, parking, decorative lighting, pavers and other appurtenances. Mid Block Plaza will be located on or about the west side of Buena Vista Avenue between NE 32nd Street and NE 34th Street. Mid Block Plaza $ 5,866,130 City of Miami Planning Department Last printed 3/31/2005 9:38:00 AM 33 SECTION VII — IMPLEMENTATION STRATEGY TO ENSURE REALIZATION OF THE PRIMARY REDEVELOPMENT PROJECT The following sets forth the current planned build out for each Development Area. It is anticipated that the specific components may change during the course of development based upon private investors' assessment of market demand, so long as the primary goal to construct a public parking system and public plaza is maintained. DEVELOPMENT AREA 1: Midtown Partners is currently developing the property within Development Area 1 for a total of eight (8) high-rise condominium towers to be located on Tracts A through I of Midtown Miami East and two buildings on Tract B of Buena Vista West comprised of an office tower and a mixed -use facility. Midtown Partners anticipates that, at completion, Development Area 1 will encompass approximately 3,000 residential condominium units, an office tower, and a mixed -use facility, i.e. Condo/Hotel. The sizes of the condominium units will vary and will be modified over time to meet market demands. On May 6, 2004, Midtown Partners offered its first condominium tower with a wide range of product from studio to bi-level and tri-level live/work spaces. DEVELOPMENT AREA 2: DDR (Corporation) is currently developing the majority of the retail portion of the property within Development Area 2 (excluding the approximate 30,000 sq.ft. of retail being developed by the Midtown West partnership on Tract D of BVW) as a retail facility to be known as The Shops at Midtown Miami ("DDR Retail Facility"). The DDR Retail Facility will feature three distinct retail zones, the North Block, the Mid Block and the South Block. City of Miami Planning Department Last printed 3/31/2005 9:38:00 AM 34 The North Block will total approximately 323,000 square feet of retail space featuring five anchor tenants of sizes between 20,000 and 140,000 square feet. To the east, the North Block will be bounded by Buena Vista Avenue and on the west by North Miami Avenue, which will feature an eclectic mix of neighborhood -serving specialty retailers and service providers. The Mid Block West will feature a mix of anchor tenants. A pedestrian walkway will lead shoppers from North Miami Avenue to a landscaped courtyard, complete with park benches and a fountain as the focal point of this public space. Just across Buena Vista (Avenue) is Mid Block East, a mix of up to 12 restaurants which will serve the needs of residents, shoppers, tourists, and near -by office workers. The South Block North will potentially feature a large anchor store, as well as general retail stores. In addition, the Midtown West Partnership is developing the apartment and live/work units in Development Area 2. The apartments and live/work units are scattered throughout Development area 2 and are in a variety of configurations. In total, the Midtown West Partnership expects 397 apartment units to be developed in Development Area 2. City of Miami Planning Department Last printed 3/31/2005 9:38:00 AM 35 Figure 19 MIDTOWN MIAMI COMPOSITE PLAN (Proposed) BUENA VISTA EAST PLAT PLAT BOOK 161, PAGE 77 ' Tract I (Parcel1) Midtown. BI NE 1st Cou Buena Vista Av NE 1stAve, Tract A (North Block) Tract BS (Mid Rock East) Tract G (Parcel 3) Tract F Parcel 4) Biscayne By • Tract E (Parcel5) MID "I'OWN MIAMI KEY PLAN --1 L NE 2nd AV Tract D Parcel a) Tract B (Parcel B) ract E Tract F (South ce (South Block) Block _ North) BUENA VISTA WEST PLAT PLAT BOOK 161, PAGE 78 City of Miami Planning Department Last printed 3/31/2005 9:38:00 AM 36 Figure 20 THE SHOPS AT MIDTOWN MIAMI City of Miami Planning Department Last printed 3/31/2005 9:38:00 AM 37 Figure 21 THE SHOPS AT MIDTOWN MIAMI [Proposed for Mid Block -East — Tract D (BVW)] LLLLLL.. i__LLL L '_LL LL -- LLL L .L ._L ' , . ,LL _LL—LL L L L Atka LLL L L L :_`LL City of Miami Planning Department Last printed 3/31/2005 9:38:00 AM 38 Figure 22 3 MIDTOWN MIAMI [Proposed for the Northwest corner of East Coast Avenue and N.E. 34th Street] City of Miami Planning Department Last printed 3/31/2005 9:38:00 AM 39 SECTION VIII — REDEVELOPMENT AGENCY FINANCING SECTION The data included in this section was obtained from the Midtown Miami Community Development District, Special Assessment and Review Bonds, Series 2004A, Parking Garage Project Report by Banc of America Securities, LLC on July 16, 2004, on pages E-4 to E-7. To establish the basis for the agreements between the City of Miami, Miami Dade County and the Midtown Miami Community Development District, we are attaching as Exhibit I: the Interlocal Agreement entered into between the parties signed on May 28, 2004. Section 3.3.3 of this agreement "establishes that any Tax Increment Revenue on deposit in any calendar year in excess of the amounts due and transferred to the District shall be refunded to the County and the City at the end of each fiscal year on a pro-rata basis." For purposes of calculating and establishing the contributions under the above referenced Interlocal Agreement it is required to note that the Children's Trust Fund Ad Valorem taxes are exempt from all TIF payments. It is anticipated that the specific project components may change during the course of development based upon private investors' assessment of market demand, so long as the primary goal to construct a public parking system and public plaza is maintained. Source: City of Miami Economic Department City of Miami Planning Department Last printed 3/31/2005 9:38:00 AM 40 2.0 Estimates for TIF Generated by the Developments 2.1 Estimated Value of the Developments Table 3 provides estimates for the value of the development plan outlined in Table 1. The total estimated total value exceeds $1 Billion without allowance for inflation. These values are based on the construction costs for the retail, office, mixed use, apartments and garage facilities. The values for the condominiums are based an current sales prices. Table 3. Estimated Value of the Developments Cost per Sqft or Component Square feet or Units Unit Total Costs First Increment of Development Retail with Land 600,000 $133 $79,800,000 Retailers FF&E 600,000 $15 $9,000,000 Apartments 397 $86,700 $34,419,900 Parking Structures $48,000,000 1st Condo Tower (Building 2) 325 $324,769 $105,550,000 Restaurant/bar in 1st Condo Tower 16,000 $150 $2.400,000 Second Increment of Development 2nd Condo Tower (Building 4) 325 $324,769 $105.550,000 Offices (square feet) 150,000 $150 $22,500.000 Restaurant/bar in Office Building 20,250 $150 $3,037,500 Restaurant/bar in 2nd Condo Tower 16,000 $150 $2,400,000 Mixed L lse Building (square feet) 120,000 $200 $24,000,000 Third Increment of Development 3rd Cando Tower (Building 1) 325 $324,769 $105,550.000 Retail in 3rd Condo Tower 26,000 $150 $3,900,000 4th Condo Tower (Building 3) 325 $324,769 $105,550,000 Restaurant/bar in 4th Condo Tower 16,000 $150 $2,400,000 Fourth Increment of Development 5th Condo Tower (Building 5) 325 $324,769 $105,550,000 Retail in 5th Condo Tower 25,000 $150 $3,750,000 Fifth Increment of Development 6th Condo Tower (Building 6) 325 $324,769 $105,550,000 Restaurant/bar in 6th Condo Tower 16,000 $150 $2,400,000 7th Condo Tower (Building 7) 325 $324,769 $105,550,000 Restaurant/bar in 7th Condo Tower 16,000 $150 $2,400,000 Sixth Increment of Development 8th Condo Tower (Building 8) 325 $324,769 $105,550,000 Retail in 8th Condo Tower 20,750 $150 $3,112,500 Total $1,087,919,900 Source: City of Miami Economic Department City of Miami Planning Department 41 Last printed 3/31/2005 9:38:00 AM 2.2 Estimates of Taxable Value Initial taxable values for real estate are generally based on either the sales price for the real estate asset or on the construction cost for income producing properties by Florida's property appraisers ("`PA'). However, there are two major adjustments to the sale price or construction cost to determine taxable value. First, Florida's Constitution requires consideration (le. deduction for) the cost of sale. This is generally set at 1O% by PAs in Florida and is routinely applied against residential real estate only. Second, condominiums that are owner -occupied can qualify for Florida's homestead exemption, The homestead exemption reduces the taxable value of the homesteaded properly by $25,000, Table 4 presents the estimates for taxable value for the Developments. Table 4. Estimated Taxable Value of the Development Component First Increment of Development Retail with Land Retailers FF&E Apartments Parking Structures 1st Condo Tower (Building 2) Restaurant/bar in 1st Condo Tower Second Increment of development 2nd Condo Tower (Building 4) Offices (square feet) Restaurant/bar in Office Building Restaurant/bar in 2nd Condo Tower Mixed Use Building (square feet) Third Increment of Development 3rd Condo Tower (Building 1) Retail in 3rd Condo Tower 4111 Condo Tower (Building 3) Restaurantlbar in 4th Condo Tower Fourth Increment of Development 5Ih Condo Tower (Building 5) Retail in 501 Condo Tower Fifth increment of Development 6th Condo Tower (Building 6) Restaurant/bar in fith Condo Tower 7th Condo Tower (Building 7) Restaurant/bar in 7th Condo Tower Sixth Increment of Development sth Condo Tower (Building 8) Retail in 8th Condo Tower Total Costs Homestead Assessment Exemption Ratio Taxable Value $79,800,000 100% $ 79,800,000 $9,000,000 100% $ 9,000,000 $34,419,900 100% $ 34,419,900 $48,000,000 0% $ $105,550,000 $3,687,500 90% $ 91,676,250 $2,400,000 90% $ 2,160,000 $105,550,000 $3,687,500 90% $ 91,676.250 $22,500,000 90% $ 20,250,000 $3,037,500 90% $ 2,733,750 $2,400,000 90% $ 2,160.000 524,000.000 90% $ 21.600,000 1105,550,000 $3,687,500 90% $ 91,676,250 $3,900,000 90% $ 3.510,000 $105,550,000 $3,687,500 90% $ 91,678,750 $2,400,000 90% $ 2,150,000 $105,550,000 13 687.500 90% $ 91,676,250 $3,750,000 90% $ 3,375, 000 S105.550.000 $3,687,500 90% 1 91,676,250 $2,400,000 90% S 2,160,000 $105,550,000 $3,687,500 90% $ 91,676.250 $2,400,000 9016 $ 2,160,000 $105,550,000 $3,687,500 90% $ 91,676,250 $3,112,500 9016 $ 2,801,250 Total $1,091.457,900 $ 921,699,900 Source: City of Miami Economic Department City of Miami Planning Department 42 Last printed 3/31/2005 9:38:00 AM 2.3 Timing of Taxable Value The Developments will occur aver an eight -year horizon with completion of construction projected for February 2011. Table 5 provides the schedule and the taxable values by increment without allowance for inflation. Table 5. Development Schedule in Incremental Taxable Values Project Increment Constructio Compietio On Taxes Value by n Starts n Date Tax Receive Increment Roll d First Increment 4-Jun 6-Jun 7-Jan 8-Jan $217,056,150 Second Increment 5-Feb 7-Feb 8-Jan 9-Jan $138,420,000 Third Increment 5-Oct 8-Feb 9-Jan 10-Jan $189,022,500 Fourth Increment 7-Feb 9-Feb 10-Jan 11-Jan $95,051,250 Fifth Increment 7-Oct 10-Feb ,11-Jan 12-Jan $187,672,500 Sixth Increment 9-Feb 11-Feb 12-Jan 13-Jan $94,477,500 Total $921, 699,900 2.4 Estimated Incremental Tax Revenues Table 6 below estimates the TIF revenues generated by the Developments to the Local Governments based on the following assumptions: • Current millage rates for the City of Miami (8.85 mills) and Miami -Dade County (5,889 mills) ■ The increments of taxable value presented in Table 5. • A 3% per year rate of inflation/appreciation for property in the Development Based on these considerations, the Developments will generate substantial surplus TIF in each year compared to the obligations of the Local Governments under the ILA. The lowest level of coverage comes in 2009 at 1.02 times the maximum amount allowed to be contributed by the Local Governments to the District under the ILA. The coverage increases dramatically as additional increments of development are completed. By 2013 when all of the development is on the tax rolls the coverage is almost 3 times the ILA obligation. Source: City of Miami Economic Department City of Miami Planning Department Last printed 3/31/2005 9:38:00 AM 43 Table 6. Estimated TIF and Coverage Under the ILA Year IncremenlaI Value Cdy of Miami Miami -Dade County Total il_p Maximum Coverage 2008 1244,298,609 62.162.042.69 81,438,674.51 63,600.717.20 62.559,680.00 141 2009 $412,094,285 6,3.647.034.42 82426.823.24 $6,073,057.66 $5,999.360 1.01 2010 5650,159,863 55.753,914.79 63.828,791.44 $9,502.706.23 $5.999,360 1.00 2011 5786.565.708 56,961.106.51 64.632,08545 611,593,191.96 $5,999,360 1.93 2012 51,047,900,587 89,273,920.19 66.171,080.56 515,445.00.75 65,999,360 2.57 2013 $1,202,609,313 . $10.643,092 42 67,082,166.24 $17,725,258.67 65,999,360 2.95 7074 51.238,687,592. 810,962,385.19. 67,294.631.23 500,257316.43 $5.999,360 3.04 2015 81,275.848,220 511.291,256.75 87,513.470.17 616,894.72692 $5,999,360 3.13 2016 51,314,123,667 811,829,994.45 $7,73R,8T427 819,368,868.73 $5,999,360 3.23 2017 81,353,547,377 811.978,894.28 57;971,040.50 819,949,934.79 65,999,360 3.33 2018 $1.394.153.798 $12,338.261.11 88,210,171.72 $20,546,432.83 65,999,369 3.43 2019 51,435;978,412 812,708,408.95 68.456.476.87 621,164,885.82 $5,999,360 353 2020 $1,479,057,764 613,089,661 22 $8.710.371.17 621,799,832.39 $5.999.360 3.63 2021 $1,523,429,497 $13,482.351.05 58,971.476.31 622,453.827.36 $5,999,360 3.74 2022 51.569,132,362 513,886,821.58 59.240.620.60 623,127,442.18 65,999.360 3.85 2023 $1.616,206,354 S14,303,426.23 $9,517,839.22 823,821,265.45 65,999.360 3.97 2024 $1,664.692,544 614,732,529.02 69.803,37439 S24,535,903.41 $5,999,360 4.09 2025 61.714,633,321 615.174,504.89 $10,097,47563 $25,271,980.51 $5,999,360 4.21 2026 61.766.072,320 615,629.740.03 6 10.4 Op.3g9.ag $26,030.139.93 $5,999,360 4.34 2027 81,819,054.490 616.098.632.24 910,712.411.89 526.811,044.13 $5,999,360 4.47 2028 81,873,626,125 $16,581,59120 $11.033.78425 827,615,37545 65,999,360 4.60 2029 51,929,834,908 617,079,036.94 $11,364,797.78 828,443,836.71 $5,999,360 4.74 2034 $1,987,77.9.956 817,591,410.11 $11,705,74171 329,297.151.82 $5,999,360 4.88 2031 52,047,361,954 $16,119,152.41 $12.056,913.96 $30.176,066.37 65,999,360 5.43 2032 $2,108,782,710 618.662,726.98 612,418,621.38 $31.081,34836 $5,999,360 5.18 2033 $2,172,046,191 $19,222,60879 $12,791,180.02 832,013,788.81 95.999,360 5.34 2034 52,237,207,577 619.799,287.06 513,174,915.42 532.974,202.48 55,999,360 5.50 2035 62.304.323,804 $20,393.265.67 613,570,16288 633,963.428.55 85,999,350 5.66 2036 82,373,453,518 $21.005.063.64 $13,977,267.77 634.982.331.41 $5,999,360 5.83 2037 82,444.657.124 621,635,215.55 614,396,585.80 836,031,801.35 S5.999.360 6.01 2038 $2.517,996,838 622,284,272.01 614.828.403 38 $37.112,755.39 55,999,360 6.19 2039 $2,593,536,743 $22,952,800.17 $15,273,337.88 $38,226,138.05 65,999,360 6.37 2040 62,671,342.845 $23,641.394.18 815.731,538.01 $39,372.922.19 $5,999,360 6.56 Taal $484,715,795 6322.54tan 2 80107,257.186 6194,539,200 Source: City of Miami Economic Department City of Miami Planning Department Last printed 3/31/2005 9:38:00 AM 44 SECTION IX — NEIGHBORHOOD IMPACTS OF PROGRAMS Public and private investment impacts a larger infrastructure improvement that will facilitate major mix -use infill development that creates sustainable economic vitality in an area currently marked by persistent poverty. The proponents and the private sector investors believe that the project demonstrates the strength of public/private partnerships to identify lasting market -based solutions to diversify the local economy, thus creating an assortment of employment opportunities. The South Florida Regional Planning Council has committed to fund $800k for environmental remediation of the greater 56-acre site. In addition, the Florida Department of Transportation has committed to fund $5.6m in infrastructure improvements that include new turn lanes, sidewalks, street lighting and drainage, signs, and general improvements to the roadways near or adjacent to the greater 56-acre site. These improvements create links between the existing roads to the proposed project. The proposed development enjoys high level of political capital and support from the Mayors of the City and County along with their respective Commissions. Further underscoring commitment to the project, the City of Miami and Miami -Dade County have assembled a multi -disciplinary team consisting of representatives from departments of economic development, planning, transportation, public -works, capital improvements, law, and grants administration, from both governmental entities, who meet on a regular basis to address issues associated with the project. City of Miami Planning Department Last printed 3/31/2005 9:38:00 AM 45 SECTION X — THE PLAN AMENDMENT PROCESS The Midtown Miami Community Redevelopment Area (MIDTOWN MIAMI CRA) Redevelopment Plan shall be in effect for a maximum of thirty (30) years from the date of its adoption. The Plan may need to be amended in order for it to maintain its relevance and currency; to respond to priorities as they emerge; to serve new redevelopment areas; and to add needed specificity as projects, tax increment revenues and expenditures are defined in more detail over time. Amendments to the Plan can only be made by the Board of County Commissioners upon recommendations of the MIDTOWN MIAMI CRA Board. The MIDTOWN MIAMI CRA will initiate any amendment action by adopting a Resolution recommending that the Board of County Commissioners amend the Plan in a specified manner. The MIDTOWN MIAMI CRA may then hold an advertised public hearing on the proposed modification or amendment and approve the modification by passage of an appropriate Resolution. Any amendment action also requires pre -notification of the affected taxing authorities by registered mail. The governing State Statute does not specifically require that Plan amendments be reviewed by the Local Planning Agency (Planning Advisory Board) for conformity with the Comprehensive Plan, but this may be advisable if there is any question relative to an amendment's conformance with the Miami -Dade County Comprehensive Development Master Plan. Also, at the time of amendment approval, the original "findings" made at the time of Plan adoption [163.360(6)(a-d)F.S.] should be reaffirmed with regard to the proposed amendment or modification. If any provision of this Community Redevelopment Plan or subsequent amendments shall be found to be invalid, unconstitutional or otherwise legally infirm, such provision shall not affect the remaining portions of the Plan. City of Miami Planning Department Last printed 3/31/2005 9:38:00 AM 46 APPENDIX Exhibit I Interlocal Agreement Among the City of Miami, Florida and Miami -Dade County, Florida and Midtown Miami Community Development District Exhibit II SD 27.1 Design Standards: Miami, Florida; January 2004 Exhibit III SD 27.2 Design Standards: Miami, Florida; January 2004 City of Miami Planning Department Last printed 3/31/2005 9:38:00 AM 47 EXHIBIT I INTERLOCAL AGREEMENT AMONG THE CITY OF MIAMI, FLORIDA AND MIAMI-DADE COUNTY, FLORIDA AND MIDTOWN MIAMI COMMUNITY DEVELOPMENT DISTRICT DATED May �-�4Yr , 2004 INTERLOCAL AGREEMENT THIS INTERLOCAL AGREEMENT (the "Agreement") is made and executed this'Z" day of May , 2004 among The City of Miami, Florida, a municipal corporation (the "City"), Miami -Dade County, Florida, a political subdivision of the State of Florida (the "County"), and the Midtown Miami Community Development District (the "District"), a local unit of special purpose government established pursuant to Section 1.01(A)(21) of the County's Home Rule Charter (the "Charter") and Chapter 190, Florida Statutes, as amended, known as the Uniform Community Development Distnct Act of 1980 (the "Act"). WITNESSETH: WHEREAS, it is the purpose and intent of this Agreement to permit and authorize the City, the County and the District to make the most efficient use of their respective powers, resources, authority and capabilities by enabling them to cooperate on the basis of mutual advantage and to achieve the results provided for in this Agreement pursuant to Section 163.01, Florida Statutes, known as the Florida lnterlocal Cooperation Act of 1969 (the "Cooperation Act"); and WHEREAS, it is the purpose of the Cooperation Act to provide a means by which the City, the County and the District may exercise their respective powers, privileges, and authority which they may have separately, but which pursuant to this Agreement and the Cooperation Act they may exercise collectively; and WHEREAS, Section 163.0I(5)(f) of the Cooperation Act provides that an interlocal agreement may contain a method or formula for equitably providing for and allocating and financing capital and operating costs for capital projects and for the payment of debt service, including establishment of reserves on bonds, on the basis of the amount of benefits received or conferred by each participating government; and WHEREAS, all of the lands contained within the boundaries of the District are located entirely within the boundaries of the City; and WHEREAS, the Miami City Commission adopted Resolution No. R-03-- l 35 on November 13, 2003, which supported the petition submitted to the County by Biscayne Development Partners LLC for the creation of the District; and WHEREAS, the District was created by the County pursuant to Ordinance No. 03-271 adopted by the Board of County Commissioners of the County on December ] 6, 2003 and effective on December 26, 2003, for the purpose of delivering certain community development services and facilities within and outside the boundaries of the District; and WHEREAS, the District has decided to undertake the construction of certain roadways (within and outside the boundaries of the District), water and sewer facilities, a storrnwater management system, streetscape and landscape of parking garages pursuant to the Act as more fully described in Exhibit A — Part 1 attached to this Agreement (the "Project"); and 1 WHEREAS, in connection with the construction of the Project, Biscayne Development Partners LLC, a Florida limited liability company and previous owner of all the lands within the boundaries of the District, or one or more of its affiliates, expects to develop a portion of a mixed -use development within the boundaries of the District to be known as Midtown Miami (the "Development") and has sold a portion of the lands within the District to Developers Diversified Realty Corporation, an Ohio corporation, or one or more of its affiliates, which is expected to develop the remaining portion of the Development (Biscayne Development Partners LLC and Developers Diversified Realty Corporation and any applicable affiliate being collectively referred to as the "Developer"); and WHEREAS, without construction of the Project the Development cannot be built; and WHEREAS, upon completion, the Development is expected to contain a retail shopping center, residential condominium units with retail areas, an office tower with retail areas, rental apartments, a hotel, an entertainment facility which will include retail areas and a spa, public plazas, and parking facilities; and WHEREAS, the Development is expected to stimulate economic development and growth within the City and the County benefiting their citizens and to generate significant revenues for the City and the County, including without limitation, increased ad valorem tax revenue, sales tax revenue, gas tax revenue, tourist or convention development tax revenue and other fees and charges related to the Development; and WHEREAS, in light of these significant material benefits to be received and enjoyed by the County and the City and their respective residents and the fiscal benefit anticipated to be received by the County and the City as a result of the development of the Development, and in consideration for the performance by the District of its obligations described in this Agreement, the County and the City•have agreed to participate in the development of the Project by making annual Economic Incentive Payments (defined herein) to the District to help defray a portion of the costs of the Project and as an additional source of security for the Bonds (defined herein), all in accordance with the terms of this Agreement; and WHEREAS, pursuant to Chapter 163, Part 1I1, Florida Statutes, as amended (the "Redevelopment Act"), the City and the County desire to cause the Community Redevelopment Agency (defined herein) to establish the Community Redevelopment Area (defined herein), and a community redevelopment plan, to enable the Community Redevelopment Agency to remove slum and blight within the boundaries of the Community Redevelopment Area; and WHEREAS, the Redevelopment Act transfers redevelopment powers to counties with home rule charters such as the County, which is authorized to delegate certain of those powers to a municipality such as the City; and WHEREAS, in the event that the Community Redevelopment Area is established, the County and the City shall cause the Community Redevelopment Agency to contribute Tax Increment Revenues (defined herein) to the District, and the County and the City shall reduce the 2 amount of Economic Incentive Payments to be paid to the District in proportion to the amount of Tax Increment Revenues paid to the Distnct and shall, under certain circumstances, terminate their obligations to pay Economic Incentive Payments entirely, all in accordance with Article III of this Agreement; and WHEREAS, the District intends to finance a portion of the costs of the Project as set forth in more detail in Exhibit A — Part 2 (the "Parking Garage Project"), from the proceeds of one or more series of Bonds, and a portion of the costs of the Project as set forth in more detail in Exhibit A — Part 3 (the "General Infrastructure Project"), from the proceeds of the County Loan (defined herein); and WHEREAS, in the event that the County Loan is not provided to the District, the Distract intends to finance the General Infrastructure Project from the proceeds of General Infrastructure Project Bonds (defined herein); and WHEREAS, the District intends to secure payment of the County Loan through the levy of non -ad valorem special assessments (the "Special Assessments") and to secure payment of the Bonds through Special Assessments, Economic Incentive Payments and Tax Increment Revenues received under this Agreement, as provided in the Indenture and the Loan Documents; and WHEREAS, the parties have executed this Agreement for the purpose of setting forth (i) the obligations of the District in providing the Project; (ii) the conditions under which the County and the City shall be required to make Economic Incentive Payments to the District; iij the conditions under which the County and the City shall cause the Community Redevelopment Agency to pay Tax Increment Revenues to the District; (iv) the amounts to be paid by the County and the City and the sources from which the County and the City may, and rnay not, make such payments; (v) the obligation of the City and the County to cause the Community Redevelopment Agency to establish the Community Redevelopment Area; and (vi) other specific provisions relating to the payment of funds by the County and the City to the District; and WHEREAS, in order to equitably apportion the burden of the costs of the Parking Garage Project, the District shall use the Economic Incentive Payments received from the City and the County and the Tax Increment Revenues received from the Community Redevelopment Agency to reduce the amount of Special Assessments actually collected on each parcel of land specially benefited by the Parking Garage Project in proportion to the amount of Economic Incentive Payments and/or Tax Increment Revenues generated by each such benefited parcel, all in accordance with the terms and conditions of the Indenture (defined herein) and the Special Assessment proceedings of the District; and WHEREAS, the acquisition, construction, equipping and financing of the Project constitutes a public purpose in accordance with Section 166.021, Florida Statutes, and Section 125.045, Florida Statutes, and is in the best interests of all of the parties and their respective residents and citizens; 3 NOW THEREFORE, for and in consideration of the mutual premises set forth above and the covenants, obligations, duties and benefits set forth in this Agreement, the District, the City and the County agree as follows: ARTICLE I DEFINITIONS Section L.1 Definitions. In addition to terms defined within the text of this Agreement and in the Indenture, the capitalized terms set forth below shall have the following meanings, unless the context requires a different meaning: "Annual Debt Service" shall mean level payments of principal and interest on the Bonds each year in accordance with the debt service schedule determined at the time the Bonds are issued. "Bonds" shall mean the Midtown Miami Community Development District Special Assessment Bonds issued initially in one or more series pursuant to the provisions of the Indenture to finance the Parking Garage Project. "Bonds" shall not include the General Infrastructure Project Bonds. "Certificate of Occupancy" shall mean a certificate of occupancy issued by the City pursuant to Section 106.1 of the Florida Building Code. "Community Redevelopment Agency" shall mean a community redevelopment agency established by the City pursuant to the Redevelopment Act, with such powers delegated to it by the County pursuant to the Redevelopment Act. "Community Redevelopment Area" shall mean the community redevelopment area established by the County and the City pursuant to the Redevelopment Act that has the same boundaries as the District and from which Tax Increment Revenues shall be derived. "Completed Development Component" shall mean a Development Component with respect to which a Certificate of Occupancy has been issued. "County Loan" shall mean the loan by the County to the District derived from the proceeds of the Section 108 Loan and secured by a pledge of Special Assessments in accordance with the Loan Documents. "Development Component" shall mean each of the development components listed in Schedule 1. "Economic Incentive Payment" shall mean annual payments to be made by the City and the County, respectively, from legally available Non -Ad Valorem Revenues, payable in accordance with Schedule 1 and Article I1I of this Agreement. 4 "Event of Impossibility" shall mean any official governmental action, whether legislative, executive or judicial, with regard to environmental contamination or adverse zoning changes that renders construction of the office component of Phase II impossible. "Financial Advisor" shall mean an independent financial advisor engaged by the . District, the City and the County for the purpose of delivering the certification in Section 3.4.1(B)(4) of this Agreement; provided, however, that the fees and expenses of the Financial Advisor shall be paid by the District. "Fiscal Year" shall mean October 1 through September 30 of each year. "General Infrastructure Project Bonds" shall mean one or more series of bonds issued under the Indenture to finance the General Infrastructure Project, and any additional bonds issued to refund all or a portion of the General Infrastructure Project Bonds or to complete the General Infrastructure Project. Neither Economic Incentive Payments nor Tax Increment Revenues shall be pledged to any such bonds. "Indenture" shall mean the Master Trust Indenture, as amended and supplemented from time to time, to be entered into by and between the Distract and Wachovia Bank, National Association, as Trustee, in connection with the issuance of the Bonds and the General Infrastructure Project Bonds, if any. "Loan Documents" shall mean the note, loan agreement and other related documents with respect to the County Loan. "Maximum Annual Debt Service" shall mean, as of any particular date of calculation, the greatest amount of Annual Debt Service for the then current or any future bond year. "Non -Ad Valorem Revenues" shall mean, with respect to the City and the County, as applicable, all revenues of the City and the County derived from any source whatsoever, other than ad valorem taxation on real or personal property, which is legally available to make the Economic Incentive Payments required herein, but only after provision has been made by the City or the County to pay for services and programs which are necessary for essential public purposes affecting the health, welfare and safety of the inhabitants of the City or the County or which are legally mandated by applicable law. "Progress Report" shall mean the progress report required to be delivered by the District to the City pursuant to Section 3.2.2 which shall include a description of the Development Component and a copy of the Certificate of Occupancy for the described Development Component. "Redevelopment Trust Fund" shall mean the redevelopment trust fund to be established pursuant to Section 163.387 of the Redevelopment Act in which all Tax Increment Revenues shall be deposited by the Community Redevelopment Agency. 5 "Section 108 Loan" shall mean a loan by the U.S. Department of Housing and Urban Development to the County under Section 108 of the Housing and Community Development Act of 1974 for approximately $20,600,000. "Tax Increment Revenues" shall mean the tax increment revenues generated within the Community Redevelopment Area and deposited in the Redevelopment Trust Fund pursuant to the Redevelopment Act. ARTICLE II REPRESENTATIONS; FINDINGS Section 2.1 The County represents and wan -ants as follows: 2.1.1 The County is duly organized and validly existing as a political subdivision of the State of Florida. 2.1.2 The County has full power and authority to enter into the transactions contemplated by this Agreement and to carry out its obligations under this Agreement. 2.1.3 The County has duly authorized the execution and delivery of this Agreement, and assuming its due authorization, execution and delivery by the City and the Distract, this Agreement constitutes a valid and legally binding obligation of the County, enforceable in accordance with its terms, except to the extent that its enforceability may be limited by any applicable bankruptcy, insolvency, moratorium, reorganization or other similar laws affecting creditors' rights generally, or by the exercise of judicial discretion in accordance with general principles of equity. Section 2.2 The City represents and warrants as follows: 2.2.1 The City is duly organized and validly existing as municipal corporation under the laws of the State of Florida. 2.2.2 The City has full power and authority to enter into the transactions contemplated by this Agreement and to carry out its obligations under this Agreement. 2.2.3 The City has duly authorized the execution and delivery of this Agreement, and assuming its due authorization, execution and delivery by the County and the District, this Agreement constitutes a valid and legally binding obligation of the City, enforceable in accordance with its terms, except to the extent that its enforceability may be limited by any applicable bankruptcy, insolvency, moratorium, reorganization or other similar laws affecting creditors' rights generally, or by the exercise of judicial discretion in accordance with general principles of equity. Section 2.3 The District represents and warrants as follows: 6 2.3.1 The District is duly organized and validly existing as a local unit of special purpose government under the Act and the Charter and as an independent special district under Chapter I 89, Florida Statutes. 2.3.2 The District has full power and authority to enter into the transactions contemplated by this Agreement and to carry out its obligations under this Agreement and to issue the Bonds and the General Infrastructure Project Bonds, if any, pursuant to the Act. 2.3.3 The District has duly authorized the execution and delivery of this Agreement, and assuming its due authorization, execution and delivery by the County and the City, this Agreement constitutes a valid and legally binding obligation of the District, enforceable in accordance with its terms, except to the extent that its enforceability may be limited by any applicable bankruptcy, insolvency, moratorium, reorganization or other similar Iaws affecting creditors' rights generally, or by the exercise of judicial discretion in accordance with general principles of equity. Section 2.4 The City and the County agree as follows: 2.4.1 The County and City shall take all action necessary to cause the Community Redevelopment Agency to establish the Community Redevelopment Area as soon as practicable, and to amend this Agreement to include the Community Redevelopment Agency as a party, if necessary. 2.4.2 The County and the City shall cause the annual budget for the Community Redevelopment Agency to require the Community Redevelopment Agency to pay Tax Increment Revenues from the Community Redevelopment Area to the District annually in accordance with Article III of this Agreement. Excess Tax Increment Revenues shall be retained by the Community Redevelopment Agency in the Redevelopment Trust Fund and refunded to the City and the County at the end of each fiscal year of the Community Redevelopment Agency on a pro-rata basis in accordance with the annual budget and the Redevelopment Act. 2.4.3 The County and the City shall cause the Community Redevelopment Area and the Community Redevelopment Agency to remain in existence and the Tax Increment Revenues to remain unencumbered (except as contemplated by this Agreement) for so long as the Bonds are outstanding under the Indenture. 2.4.4 The County and the City shall enter into such agreements, and cause the Community Redevelopment Agency to enter into such agreements, and provide such annual information, and cause the Community Redevelopment Agency to provide such annual information, as shall be necessary to comply with Securities and Exchange Commission Rule I5c2-12 with respect to the Bonds. The County and the City shall provide, and cause the Community Redevelopment Agency to provide, information to the District necessary for inclusion in the Preliminary Limited Offering Memorandum and the Limited Offering Memorandum relating to the Bonds, and shall execute such closing certificates at the time of issuance of the Bonds as shall be reasonably requested by the District and the underwriter of the Bonds as to the accuracy of the information provided by each for inclusion therein. 7 Section 2.5 The District agrees as follows: 2.5.1 The Indenture shall provide that the holders of the Bonds will be on a parity with the County Loan and the General Infrastructure Project Bonds, if any, with respect to the Special Assessments. The District shall not pledge, permit a hen to be filed against or encumber in any manner the Special Assessments, other than as provided in this Agreement, the Indenture and the Loan Documents. 2.5.2 The District approves the establishment of a Community Redevelopment Area and the Community Redevelopment Agency by the County and the City to fund the Tax Increment Revenues and agrees to amend this Agreement to add the Community Redevelopment Agency as a party, if necessary. 2.5.3. The District shall not dissolve or expand or contract its boundaries for so long as the County Loan is outstanding under the Loan Documents and the Bonds are outstanding under the Indenture. Section 2.6 It is found and declared that: 2.6.1 Expending public funds to finance the construction of the Project is in the best interests of the City, the County and the Distract and their respective citizens and residents. 2.6.2 Expending public funds to finance the construction of the Project will serve the valid and important public purpose of economic development and redevelopment by improving the local infrastructure of the City and the County and facilitating the development of the Development. 2.6.3 The construction of the Project and the development of the Development will serve the valid and important public purpose of protecting the health and welfare of the citizens of the City, the County and the District by fostering economic growth within the District and eliminating blight by attracting, creating and retaining retail and commercial business enterprises and residential development in the City and the County. 2.6.4 As part of the development of the Project, lands within the District will be designated as a "brownfield site" and will be subject to remediation of environmental hazards ARTICLE III FINANCING PLAN Section 3.1 Generally. 3 1.1 Pursuant to the terms of the Indenture, the District shall issue the Bonds to pay a portion of the costs of the Project, and shall levy Special Assessments pursuant to the Act and Chapter I 70, Florida Statutes, to the extent and in the amount necessary to pay outstanding debt service on the Bonds, the County Loan and the General Infrastructure Project Bonds, if any. As provided in the Indenture, for each bond year, the District shall evidence and certify to the tax collector or cause the property appraiser to certify to the tax collector for collection pursuant to Chapter 197, Florida Statutes, or any successor statutes, as applicable, an amount equal to the Special Assessments levied by the District less the amount of Economic Incentive Payments and Tax Increment Revenues received by the District and available for payment in such bond year. In accordance with Section 3.2.3 below, the amount of Economic Incentive Payments to be paid by the County and the City each year shall be reduced by the amount of Tax Increment Revenues paid by the Community Redevelopment Agency in such year, and in the event the conditions set forth in Section 3.4 below are satisfied, the obligations of the County and the City to contribute Economic Incentive Payments shall be released. As provided in the Indenture, all Economic Incentive Payments and Tax Increment Revenues received by the District will be held by the Trustee in the funds and accounts established under the Indenture and disbursed by the Trustee in accordance with the terms and conditions of the indenture. 3.1.2 In the event that the County Loan is not provided to the District, the District may issue the General Infrastructure Project Bonds or make alternate arrangements satisfactory to the County and the City to finance the costs of the General Infrastructure Project, as set forth in more detail in Section 3.2.4 below. The General Infrastructure Project Bonds shall be secured by Special Assessments on a parity with the Bonds. 3.1.3 The County and City are not responsible for any other costs or expenses of any kind with respect to the Parking Garage Project other than debt service on the Bonds as expressly provided for in this Agreement. 3.1.4 In the event Economic Incentive Payments and/or Tax Increment Revenues are insufficient to meet the Annual Debt Service on the Bonds, the District shall be responsible for the deficiency, and the District may collect Special Assessments to pay for such deficiency. Section 3.2 Economic Incentive Payments. 3.2.1 Subject to Subsection 3.2.4 and 3.2.5, and Section 3.4 below, the City and the County shall each pay the Economic Incentive Payments to the District in the amounts set forth in Schedule I for each Completed Development Component, provided that such Economic Incentive Payments do not exceed the corresponding Annual Debt Service requirements on the Bonds. The Economic Incentive Payments for each Completed Development Component as set forth in Schedule I shall become payable to the District annually as described in Subsection 3.2.2 below, commencing as follows: (i) Economic Incentive Payments for the Completed Development Components for Phase I shall commence in the calendar year following the calendar year in which Certificates of Occupancy have been issued for at least ninety percent (90%) of the Development Components for Phase I, which shall include the retail component, as described in Schedule I of this Agreement, continuing each and every year thereafter (irrespective of Certificates of Occupancy for Development Components in future phases) through the term of this Agreement, subject to reduction in accordance with Subsection 3.2.3 below and elimination pursuant to Section 3.4 below, (ii) Economic Incentive Payments for Completed Development Components for Phase II shall commence in the calendar year following the calendar year in which Certificates of Occupancy have been issued for at least ninety percent (90%) of the Development Components for Phase If, which shall include the 9 office component unless development of the office component is subject to the occurrence of an Event of Impossibility (such an Event of Impossibility shall not reduce the foregoing 90% requirement), continuing each and every year thereafter (irrespective of Certificates of Occupancy for Development Components in future phases) through the term of this Agreement, subject to reduction in accordance with Subsection 3.2.3 below and elimination pursuant to Section 3.4 below. 3.2.2 No later than January 3I51 of each year during the term of this Agreement, the District shall submit a progress report (the "Progress Report") to the City, the County and the Community Redevelopment Agency setting forth the Completed Development Components, if any, as of January 1 of that year. For each Completed Development Component identified in such Progress Report, the City shall verify that a Certificate of Occupancy was issued for each. No later than December 3151 of that same year, the City and the County shall pay to the District, subject to reduction in accordance with Subsection 3.2.3 below, the Economic Incentive Payments set forth in Schedule f due for each Completed Development Component described in the Progress Report, as well as for all Completed Development Components described in all prior Progress Reports. The District shall use the Economic Incentive Payments received from the City and the County solely to pay corresponding Annual Debt Service on the Bonds. 3.2.3 In the event that the Community Redevelopment Area and the Redevelopment Trust Fund are established on or before June 30, 2005, and the conditions set forth in Section 3.4.1(A) are satisfied, or in the event that the Community Redevelopment Area and the Redevelopment Trust Fund are established after June 30, 2005 and the conditions set forth in Section 3.4.1(B) are satisfied, the obligation of the County and the City to contribute Economic Incentive Payments to the District shall be extinguished. In the event that the Community Redevelopment Area and the Redevelopment Trust Fund are established after June 30, 2005, and Tax Increment Revenues are paid to the District pursuant to Section 3.3 below, the County and the City shall not be required to contribute Economic Incentive Payments to the District in any year in which the Tax Increment Revenues contributed to the District are at least equal to the debt service due on the Bonds for that year. Subject to Section 3.3.1. below, if the amount of Tax Increment Revenues contributed to the District in any year is less than the Annual Debt Service on the Bonds for that year and the Economic Incentive Payrnents have not been released pursuant to Section 3.4 below, the County and the City shall make Economic Incentive Payments to. the District in an amount equal to the difference between the Annual Debt Service on the Bonds for that year and the Tax Increment Revenues received by the District in that year, provided that the sum of the Tax Increment Revenues and the Economic Incentive Payments contributed to the District in any year shall not exceed the total Economic Incentive Payrnents due to the District in that year pursuant to Schedule I attached to this Agreement. 3.2.4. As a precondition to the obligation of the County and the City io pay Economic Incentive Payrnents under this Section 3.2, the County shall have received approval from the U.S. Department of Housing and Urban Development for the Section 108 Loan, or (i) the District or the Developer shalt have made alternate arrangements satisfactory to the County and the City to finance the General Infrastructure Project, which may include, without limitation, a Ioan from a third party lender or the issuance of General Infrastructure Project Bonds, notes, bond anticipation notes or other indebtedness under the Indenture secured by Special Assessments on 10 a parity basis with the Bonds, and (ii) the Developer shall have delivered a letter of intent to the County and the City regarding certain community incentives. 3.2.5. Notwithstanding anything contained in this Agreement to the contrary, the amount of Economic Incentive Payments contributed by the County and the City to the District in each year shall not exceed Annual Debt Service for that year. Section 3.3 Tax Increment Revenues. 3.3.1 The City and the County desire to establish the Community Redevelopment Area and to cause the Community Redevelopment Agency to contribute Tax Increment Revenues to the District from the Redevelopment Trust Fund annually in an amount not to exceed Annual Debt Service on the Bonds. The County and the City shall cause the Community Redevelopment Agency to include such Tax Increment Revenue payments in the Community Redevelopment Agency's annual budget, and to require that such Tax Increment Revenues received by the Community Redevelopment Agency by January 1 of each year be transferred to the District no later than January 15 of the same year. Notwithstanding anything to the contrary herein, the Community Redevelopment Agency shall not be obligated to contribute Tax Increment Revenues to the District until such time as Certificates of Occupancy have been issued for at least ninety percent (90%) of the Development Components for Phase I, including the retail component, as described in Schedule I of this Agreement. Upon the issuance of such Certificates of Occupancy, the Community Redevelopment Agency shall contribute Tax Increment Revenues to the District in accordance with this Section 3.3 in each and every year until the termination of the Agreement; provided, however, in the event that the issuance of Certificates of Occupancy for at least ninety percent (90%) of the total Development Components for Phase II is not achieved by December 31, 2007, which shall include the office component, unless the development of the office component is subject to the occurrence of an Event of Impossibility, the Community Redevelopment Agency shall contribute Tax Increment Revenues in accordance with Section 3.3 only for those Development Components for which a Certificate of Occupancy has been issued by December 31, 2006. Upon the issuance of Certificates of Occupancy for at least ninety percent (90%) of the total Development Components for Phase Il, the Community Redevelopment Agency shall . contribute Tax Increment Revenues to the District in accordance with this Section 3.3 in each and every year until the termination of this Agreement. 3.3.2 In the event that the amount of Tax Increment Revenues deposited in the Redevelopment Trust Fund are insufficient to pay debt service on the Bonds and the obligations of the City and the County to contribute Economic Incentive Payments have not been extinguished pursuant to Section 3.4, all of the Tax Increment Revenues on deposit in the Redevelopment Trust Fund shall be contributed to the District provided the conditions for such contribution set forth in Section 3.3.1 above have been satisfied and the County and the City shall provide Economic Incentive Payments to the District in an amount necessary to satisfy such deficiency in accordance with Section 3.2 above. 3.3.3 Any Tax Increment Revenues on deposit in the Redevelopment Trust Fund in any calendar year in excess of the amounts due and transferred to the District under this Agreement in such year shall be refunded to the County and the City at the end of each fiscal year of the Community Redevelopment Agency on a pro-rata basis in accordance with the annual budget and the Redevelopment Act. 3.3.4 In no event shall the amount of payments of Tax Increment Revenues contributed to the District exceed the Annual Debt Service requirement on the Bonds. The obligation to transfer Tax Increment Revenues shall cease when the Bonds are no longer outstanding. Section 3.4 Release of Economic Incentive Payment Obligations. 3 4.1 The obligations of the County and City to contribute Economic .Incentive Payments to the District pursuant to Section 3.2 above shall be extinguished and replaced by the Community Redevelopment Agency's obligation to contribute Tax Increment Revenues pursuant to Section 3.3 above, if: (A) In the event that the Community Redevelopment Area and the Redevelopment Trust Fund are established no later than June 30, 2005 and each of the following conditions is satisfied: (1) Agency as a party; and this Agreement is amended to add the Community Redevelopment (2) the District, the County and the City agree that the percentage of Tax Increment Revenues to be contributed to the Redevelopment Trust Fund by the County and the City in each calendar year white the Bonds are outstanding under the Indenture, shall be equal to the lesser of (i) the maximum percentage authorized by Section 163.387 of the Redevelopment Act, which currently is 95% (the "Maximum Percentage"), or (ii) a percentage less than the Maximum Percentage but sufficient to enable the Community Redevelopment Agency to pay to the District in each calendar year Tax Increment Revenues equal to the debt service on the Bonds in each such year for the remaining term of the Bonds. (B) In the event that the Community Redevelopment Area and the Redevelopment Trust Fund are established after June 30, 2005 and each of the following conditions is satisfied: (1) the County and the City are current on all Economic Incentive Payments due under this Agreement; Agency as a party; (2) this Agreement is amended to add the Community Redevelopment (3) the District, the County and the City agree that the percentage of Tax Increment Revenues to be contributed to the Redevelopment Trust Fund by the County and the City in each calendar year while the Bonds are outstanding under the Indenture, shall be 12 equal to the lesser of (i) the maximum percentage authorized by Section 163.387 of the Redevelopment Act, which currently is 95% (the "Maximum Percentage"), or (ii) a percentage less than the Maximum Percentage but sufficient to enable the Community Redevelopment Agency to pay to the District in each calendar year Tax Increment Revenues equal to the debt service on the Bonds in each such year for the remaining term of the Bonds; and (4) the Financial Advisor certifies in writing to the District and the Trustee for the Bonds, that funds on deposit in the Redevelopment Trust Fund in the current calendar year are sufficient to enable the Community Redevelopment Agency to pay to the District Tax Increment Revenues equal to the Maximum Annual Debt Service on the Bonds. Upon satisfaction of the conditions under paragraph (A) or (B) above, the County's and the City's obligations to contribute Economic Incentive Payments under this Agreement shall terminate. Section 3.5 Issuance of Bonds. 3.5.1 The District may issue Bonds in one or more series to pay the capital costs of the Parking Garage Project including all costs and expenses related to the issuance of the Bonds; provided, however, the County and the City have an opportunity to participate in discussions relating to the structuring and pricing of the Bonds and have an opportunity to review and discuss costs and expenses related to the issuance of the Bonds. The obligations of the County and the City to contribute Economic Incentive Payments and the obligation of the Community Redevelopment Agency to contribute Tax Increment Revenues shall not exceed the Annua! Debt Service on the Bonds in any year. The District may also issue General Infrastructure Project Bonds to finance the cost of the General Infrastructure Project and all costs and expenses related thereto in the event that the County Loan is not provided to the District. 3.5.2 The District may issue additional refunding Bonds provided the maturity on the refunding Bonds does not exceed the maturity on the refunded Bonds and the aggregate debt service -on the refunding Bonds is equal to, or less than, the debt service on the refunded Bonds. 3.5.3 The District may, subject to Subsection 3.5.1 above, issue completion bonds under the Indenture to pay costs that exceed $51,204,019, the estimated cost of the Parking Garage Project to be financed through the issuance of the Bonds. The County and the Ci ty shall not be obligated to contribute Economic Incentive Payments and the Community Redevelopment Agency shall not be obligated to contribute Tax Increment Revenues to pay debt service on such completion bonds. 13 ARTICLE IV COVENANT TO BUDGET AND APPROPRIATE Section 4.1. The City and the County each covenant and agree to appropriate in their respective annual budgets, by amendment, if necessary, from Non -Ad Valorem Revenues lawfully available in each Fiscal Year, amounts sufficient to pay the Economic Incentive Payments when due pursuant to this Agreement, provided, that such Economic Incentive Payments shall not exceed the debt service on the Bonds in any Fiscal Year, less the amount of Tax Increment Revenues paid to the District in such year. Such covenant and agreement on the part of the City and the County to budget and appropriate such amounts of Non -Ad Valorem Revenues shall be cumulative to the extent Economic Incentive Payments pursuant to this Agreement remain unpaid, and shall continue until such Economic Incentive Payments are paid, provided, however, such covenant and agreement shall terminate once the obligations of the County and the City to make Economic Incentive Payments are extinguished pursuant to Section 3.4. Notwithstanding the foregoing covenant of the City and the County, the City and the County do not covenant to maintain any services or programs, now provided or maintained by either the City or the County, which generate Non -Ad Valorem Revenues. Section 4.2. Such covenant to budget and appropriate does not create any lien upon or pledge of Non -Ad Valorem Revenues, nor does it preclude the County or the City from pledging in the future their Non -Ad Valorem Revenues, nor does it require the City or the County to levy and collect any particular Non -Ad Valorem Revenues, nor does it give the District a prior claim on the Non -Ad Valorem Revenues of the City and the County as opposed to claims of general creditors of the City or the County. Such covenant of the City and the County to appropriate Non -Ad Valorem Revenues is subject in all respects to the payment of any obligations secured by a pledge of Non -Ad Valorem Revenues prior to or subsequent to the date of this Agreement (including the payment of debt service on bonds and other debt instruments). However, the covenant to budget and appropriate in the City's and the County's general annual budget for the purposes and in the manner stated in this Agreement shall have the effect of making available in the manner described in this Agreement, Non -Ad Valorem Revenues and placing on the City and the County a positive duly to appropriate and budget, by amendment, if necessary, amounts sufficient to meet their respective obligations of making the Economic Incentive Payments, to the extent required by this Agreement, subject, however, in all respects to the restrictions of Section 166.241, Florida Statutes, and Section 129.07, Florida Statues, which provide, in part, that the governing body of each such municipality and county, respectively, make appropriations for each Fiscal Year which, in any one fiscal year, shall not exceed the amount to be received from taxation or other revenue sources, and subject further, to payments for services and programs which are essential public purposes affecting the health, welfare and safety of the inhabitants of the County and the City or which are legally mandated by applicable law. Section 4.3. The Bonds shall not constitute a general obligation of the City, the County or the District within the meaning of any constitutional or statutory provision or limitation or a pledge of the City's, the County's or the District's full faith and credit, but shall be secured by and payable as to principal, premium, if any, and interest solely from the "Pledged Revenues" as defined in the Indenture, including primarily the Special Assessments, the Economic Incentive Payments, and the Tax Increment Revenues in the manner described in the Indenture. 14 ARTICLE V PUBLIC INFRASTRUCTURE IMPROVEMENTS Section 5.1. Roadways and Traffic Signals. As part of the Project, and pursuant to the Act, the District shall fund and construct new roadways within the boundaries of the District and fund and improve certain existing roadways outside the boundaries of the District. In particular, the District shall fund and construct certain new roadways within the boundaries of the District They are East Coast Avenue (NE 35'h Street to NE 30'h Street); Midtown Boulevard (NE 36'h Street to NE 29th Street); NE 32"d Street (East Coast Avenue to North Miami Avenue); NE 34`h Street (East Coast Avenue to North Miami Avenue); NE 3 l s' Street (Midtown Boulevard to North Miami Avenue); Buena Vista Avenue (NE 36'h Street to NE 32"d Street); NE 35`h Street (East Coast Avenue to Midtown Boulevard); NE 30'h Street (East Coast Avenue to Midtown Boulevard) (collectively, the "New Roadways"). Except for East Coast Avenue, which shall be owned and maintained by the District, the New Roadways shall be constructed within public rights of way. The District shall also fund and improve certain roadways, which are located outside the boundaries of the District. They are NE 29'h Street (between East Coast Avenue and North Miami Avenue) and NE 34th Street (between the District's eastern boundary line and NE 2nd Avenue) both of which are owned and operated by the City (the "Improved City Roadways"); and North Miami Avenue (between NE 29`h Avenue and NE 36'h Street) and NE 2"d Avenue (approximately 50' north and south of the intersection), both of which are owned and operated by the County (the "Improved County Roadways"). The improvements to the Improved County Roadways and the Improved City Roadways shall be within public rights of way of the County and the City, respectively. See Exhibit B prepared by the District's Consulting Engineer for a more complete description of the roadway improvements. The District shall also fund and construct three new traffic signals at North Miami Avenue & NE 34'h Street; NE 2"d Avenue and NE 34'h Street; and Buena Vista Avenue and NE 36'h Street. The District shall agree to fund the costs of enhanced maintenance for the roadway improvements pursuant to a subsequent agreement to be entered into by the City and the District. Section 5.2. Public Spaces. As part of the Project, and pursuant to the Act, the District shall also fund and construct public spaces, which will be owned and maintained by the District. The spaces are generally described as three public plazas on the east edge of Midtown Boulevard located at the intersections of contiguous development parcels; one public space located on the west side of Buena Vista Avenue between NE 32" Street and NE 34th Street; one public space with a fountain located in the block abutting NE 36th Street between Buena Vista Avenue and Midtown Boulevard; and two or three linear parks along the west side of Midtown Boulevard. The public spaces may consist of landscaping, fountains, benches, parking, decorative lighting, pavers and other appurtenances. 15 ARTICLE VI GENERAL PROVISIONS Section 6.1 Term of Agreement. The term of this Agreement shall expire on the date that the Bonds are no longer outstanding under the Indenture and the County Loan has been satisfied (the "Term"). The obligation of the City and the County to make Economic Incentive Payments and the obligation of the Community Redevelopment Agency to make transfers of Tax Increment Revenues shall cease on the date the Bonds are no longer outstanding under the Indenture, even if such date is earlier than the end of the Term, provided, however, that the obligations of the County and the City to make Economic Incentive Payments may cease earlier pursuant to Section 3.4. Section 6.2. Execution In Counterparts. This Agreement may be simultaneously executed in several counterparts, each of which shall be an original and all of which shall constitute but one and the same instrument. Section 6.3. Limitation on Governmental Liability. Nothing in this Agreement shall be deemed a waiver of immunity limits of liability of either the City, the County or the District beyond any statutory limited waiver of immunity or limits of liability contained in Section 768.28, Florida Statutes, as amended, or other statute. Nothing in this Agreement shall inure to the benefit of any third party for the purpose of allowing any claim, which would otherwise be barred under the Doctrine of Sovereign Immunity or by operation of law. No covenant, stipulation, obligation or agreement contained in this Agreement shall be deemed to be a covenant, stipulation, obligation or agreement of any present or future member of the governing body or agent or employee of the County, the City or the District in its, his or their individual capacity, and neither the members of the governing body of the County, the City or the Distract nor any official executing this Agreement shall be liable personally or shall be subject to any accountability for reason of the execution by the County, the City or the District of this Agreement or any related act. Section 6.4. Default. Each of the parties shall give the other parties written notice of any default under this Agreement and shall allow the defaulting party 30 days from the date of its receipt of such notice within which to cure any such default or, if it cannot be cured within the 30 days, to commence and thereafter diligently pursue to completion good faith efforts to effect such cure and to thereafter notify the other parties of the actual cure of any such default. Section 6.5. Notices. All notices, requests, consents and other communications shall be in writing and shall be delivered, mailed by First Class Mail, postage prepaid, or overnight delivery service, to the parties, as follows. If to the City: The City of Miami, Florida 3500 Pan American Drive Miami, Florida 33133 Attention: City Manager 16 With Copy to: If to the County: With a Copy to: If to the District: With a Copy to: City Attorney's Office The City of Miami, Florida 444 S.W. 2nd Avenue, Suite 945 Miami, Florida 33130 Attention: City Attorney Miami -Dade County, Florida Stephen P. Clark Center 1 1 1 N.W. 151 Street, Suite 2910 Miami, Florida 33128 Attention: County Manager Office of the County_Attomey Miami -Dade County, Florida Stephen P. Clark Center 1 1 I N.W. 1 S' Street, Suite 2810 Miami, Florida 33128 Attention: County Attorney Midtown Miami Community Development District c/o Severn Trent Services Inc. 210 N. University Drive, Suite 802 Cora] Springs, Florida 33071 Attention: District Manager Billing, Cochran, Heath, Lyles, Mauro & Anderson, P.A. 888 S.E. 3rd Avenue, Suite 30I Fort Lauderdale, Florida 33316 Attn: Dennis Lyles Section 6.6. Assignment or Transfer. Except with respect to the District's pledge of Economic Incentive Payments and Tax Increment Revenues to the Trustee under the Indenture to secure the Bonds a party may not assign or transfer its rights or obligations under this Agreement to another unit of local government, political subdivision or agency of the State of Florida without the prior written consent of the other party or to a private party or entity. Section 6.7. Binding Effect. This Agreement shall be binding upon and shall inure to the benefit of the City, the County, the District, and their respective successors. Section 6.8. Amendment and Waivers. Any amendment to or waiver of any provision of this Agreement must be in writing and mutually agreed to by the District, the City Manager and the County Manager; provided, however, that any amendment or waiver that is material or results in a substantive change in the County's or the City's obligations under this Agreement shall be subject to the approval of the County Commission or the City Commission, as the case may be. For the purpose of this Section 6.8, "material" and "substantive change" 17 shall refer to amendments or modifications to this Agreement that affect the amount or duration of any Economic Incentive Payments, the term of this Agreement, or an increase in the size or scope of the Parking Garage Project. Section 6.9. Filing. After approval of this Agreement by the respective governing bodies of the City, the County, and the District and its execution by the duly qualified and authorized officers of each of the parties, the District shall cause this Agreement to be filed with the Clerk of the Circuit Court of Miami -Dade County, Florida, in accordance with the requirements of Section 163.01(1 1), Florida Statutes. Section 6.10. Applicable Law and Venue. This Agreement and its provisions shall be governed by and construed in accordance with the laws of the State of Florida. In any action, in equity or law, with respect to the enforcement or interpretation of this Agreement, venue shall be in the County. Section 6.11. Severability. If any part of this Agreement is held by a court of competent jurisdiction to be invalid, illegal or unenforceable, such invalid, illegal or unenforceable part shall be deemed severable and the remaining parts of this Agreement shall continue in full force and effect provided that the rights and obligations of the parties are not materially prejudiced and the intentions of the parties can continue to be effected. Section 6.12. Entire Agreement. This instrument and al] the attached exhibits and schedules constitute the entire agreement between the parties and supersedes all previous discussions, understandings and agreements between the parties relating to the subject matter of this Agreement. [Remainder of Page Intentionally Left Blank] 18 IN WITNESS WHEREOF, the City, the County, and the District have each caused this Agreement to be executed and delivered as of the date indicated above: (SEAL) ATTEST: 4 P. �nar* ATTEST: Priscilla A. Thompson, itY Clerk P APPROVED AS TO TNSURANC • 1111 Dania Carrillo, Risk Management Administrator APPROVED CORREC OR_M AND Vilarello, City Attorney MIAMI-DADE COUNTY, FLORIDA Geor M. Bur Jss, County Manager APPROVED AS TO FORM AND LEGAL SUF,Fi ENCY: Gffald T. Heffernan, Ass f 6unty Attorney ✓ CITY OF MIAMI, FLORIDA, a Municipal Corporation of the State of Florida / `) r Joe Arrio a' City Manager 19 (SEAL) Secretary, Board of Supervisors 4 MIDTOWN MIAMI COMMUNITY DEVELOPMENT DISTRICT Chairman, Board of Supervisors 20 EXHIBIT A Part l The following table lists the improvements and the estimated cost of the Project: Improvements Roadways Water/Sewer Drainage Sti eetscape/Landscape Irrigation Plaza ##P 1 Overall Improvements Parking Garages Midblock Plaza & Misc. Public Improvements Total Project: Part 2 Estimated Cost $5,597,737 2,290,822 2,791,286 6,387,668 510,013 3,617,019 5,136,166 45,337,889 5,866,130 S77,534.730 The following table lists the improvements and the estimated cost of the Parking Garage Improvements Parking Garages Midblock Plaza & Misc Public Improvements Total Part 3 Estimated Cost $45,337,889 5,866,130 551,204,019 The following table lists the improvements and the estimated cost of the General Infrastructure Project: Improvements Roadways Water/Sewer Drainage Srreetscape/Landscape lrrigatton. Plaza #P 1 Overall Improvements Total Estimated Cost $5,597,737 2,290,822 2,791,286 6,387,668 510,013 3,617,019 5,136,166 S26,3_30,711 * • The Dtsmct expects to finance a portion of the General Infrastructure Project with certain grant monies contributed by various governmental entities. Exhibit A-1 EXHIBIT B Roadway Improvements Roadway Improvements. All roads will be designed and constructed in accordance with all applicable jurisdictional agency standards. (i.e. Miami -Dade County, City of Miami or Florida Department of Transportation (FDOT). Roadway construction will include sub -grade base, curbing, sidewalks, signage and striping. Roadway lighting will be constructed along the roads within the District. Roadways outside the Boundary of the District (Off -site) N. Miami Ave. The improvements consist of reconstructing approximately 2,350 ft. of existing, 4-lane urban roadway. The proposed center medians will be located between NE 32 street and NE 34 street. There will be sections of on -road, municipal parallel parking on the East side of the right-of-way located: between NE 32`h St. and NE 35S' St. with a clearance of approximately 50 ft. from each respective intersection. There will be dedicated left turn lanes where feasible from NE 29'h street to NE 36'h street. NE 36'h St. This is a state road. The improvements consist of reconstructing approximately 2,100 ft. of existing, 4-lane urban roadway. The proposed center medians will be located between where feasible. NE 29th St. (West of FUR). The improvements consist of reconstructing approximately 875 ft. of existing, 4-lane urban roadway. Where feasible there will be municipal parallel parking on both sides of the road. Roadways inside the Boundary of the District (On -site) Buena Vista Ave. The improvements consist of constructing approximately 1400 ft. of new 2- lane, urban roadway. The road, which runs from NE 32nd St. to NE 36th St., will have on -road, municipal parallel parking on both its East and West sides. The parallel parking on both sides will run on the entirety of the street, but will provide approximately 50-100 ft, of clearance as Exhibit B-1 needed at the intersections: North side of NE 32"d St., both the north and south sides of NE 34 St. and the South side of NE 361h St., respectively. Midtown Blvd. The improvements consist of constructing approximately 2,450 ft. of new 2- lane, urban roadway from NE 29'h St. to NE 36'h St. The roadway will have on -road, municipal parallel parking on both its east and west sides excluding approximately 50-100 fi. of clearance as needed on both sides of each of the respective intersections as needed: NE 29'h St. (North side only), NE 31 S` St., NE 32"d St., NE 34'h St. and NE 36'h St. (South side only). East Coast Ave. The improvements consist of constructing approximately 1,800 ft. of 2-lane urban, roadway from NE 30`h St. to NE 35'h St. The roadway will include on -road, private/loading parallel parking on the West side only. The parallel parking will run along the entire length of the avenue, and will provide approximately 50-100 ft. of clearance as needed on both sides of each respective street as needed: NE 30'h St. (North side only), NE 32"d St., NE 34`' St. and NE 35`h St. (South side only). NE 30'" St. The improvements will consist of constructing approximately 350 ft. of urban, 2- lane roadway from NE 151 Pl. to E. Coast Ave. The roadway will include on -road, municipal parallel parking on both its north and south sides, providing approximately 75-100 ft. of clearance as needed at each of the respective intersections: NE 151 P1 and E. Coast Ave. NE 3Ii' St. The improvements will consist of constructing approximately 600 ft. of urban, 2- lane roadway from N. Miami Ave. to NE 151 Pl. The roadway will include on -road, municipal parallel parking on both its north and south sides, providing approximately 50-100 ft. of clearance as needed at each of the respective intersections: N. Miami Ave. and NE 151 P1. NE 35`h St. The improvements will consist of constructing approximately 375 fi. of urban, 2- lane roadway from NE 15s Pl. to E. Coast Ave. The roadway will include on -road, municipal parallel parking on both its north and south sides, providing approximately 75 ft. of clearance at each of the respective intersections: NE 151 P1 and E. Coast Ave. NE 32"a St. The improvements will consist of constructing approximately 1,050 ft. of urban, 2- lane roadway from N. Miami Ave. to E. Coast Ave. The roadway will include on -road, Exhibit B-2 municipal parallel parking on both its north and south sides, providing approximately 50-100 ft. of clearance as needed at each of the respective intersections: East side of N. Miami Ave., East and West sides of Market St. and NE 1 S' P1., and West side of E. Coast Ave. NE 34`h St. The improvements will consist of constructing approximately 1,175 ft. of -urban, 2- lane roadway from N. Miami Ave. to E. Coast Ave. The roadway will include on -road, municipal parallel parking on both its north and south sides along its length, providing approximately 50-100 ft. of clearance as needed at each of the respective intersections: East side of N. Miami Ave., East and West sides of Market St. and NE 1 S' Pl., and West side of E. Coast Ave. In the center of the right-of-way there will be medians along the length of the roadway, providing approximately 50-75 ft. of clearance as needed at each of the respective intersections: East side of N. Miami Ave., East and West sides of Market St. and NE 1$1 Pl., and West side of E. Coast Ave. Exhibit B-3 SCHEDULE I Economic Incentive Payments See attached. 1\MLA-SRVOI152a092v15 66702 010100 5-17-04 Midtown Miami Interlocal Agreement red line 1.doc Schedule I-1 Schedule I Economic Incentive Payments (E.I.P.) Development Components By Phases Phase I Components must be issued a Certificate of Occupancy no later than December 31, 2006 E. I. P. per E.I.P. Devp. Devp. Unit Per C.O. Sq.Ft./ Units Unit Phase C.O. Devp.Component Debt Service Retail 600,000.00 600.00 Integrated Parking & 2,914.00 258.56 Midtown Plaza (Public) Condo Twr #1 w/ Rest. -Bar (374,500sq. Ft) 374,500.00 374.50 1,233.06 $2,075.87 $2,559,680.00 $2,559,680.00 90% CO Issued` 1,109.76 $2,306.52 $2,559,680.00 Phase II Components must be issued a Certificate of Occupancy no later than December 31, 2007 Hotel/Spa (235,000 sq. ft.) 235,000.00 235.00 Apartments (292,000 Sq. Ft.) 292,000.00 292.00 Office 150,000.00 150.00 Condo Twr #2 w/ Rest. -Bar (395,500 sq. ft.) 395,500.00 395.50 Total Phase II 1,072.50 Cumulative Phase II 2,305.56 $2,602.12 $5,999,360.00 $5,999,360.00 90% CO Issued" 2,075.01 $2,891.25 $5,999,360.00 Phase III Components Condo Twr #3 w/Rest.-Bar (395,500 sq. ft.) Condo Twr #4 w/Rest.-Bar (395,500 sq. ft.) Total Phase III Cumulative Phase III 395,000.00 395,000.00 395.00 395.00 790.00 3,095.56 $1,937.53 $5,997,760.00 $5,997,760.00 Phase IV Components Condo Twr #5 w/Rest.-Bar (395,500 sq. ft.) Total Phase IV Cumulative Phase IV Phase V Components Condo Twr #6 w/Rest.-Bar (395,500 sq. ft.) Condo Twr #7 w/Rest.-Bar (395,500 sq. ft) Total Phase V Cumulative Phase V Phase VI Components Condo Twr #8 w/Rest.-Bar (395,500 sq. ft.) Total Phase VI Cumulative Phase VI Total Cumulative EIP Total Cumulative Debt Service 395,000.00 395,000.00 395,000.00 395,000.00 395.00 395.00 3,490.56 395.00 395.00 790.00 4,280.56 395.00 395.00 4,675.56 $1,718.05 $1,400.89 $1,282.49 $5,996,960.00 $5,996,960.00 $5,996,610.00 $5,996,360.00 $5,996,610.00 $5,996,360.00 $32,546,730.00 $32,546,730.00 Upon Construction Completion of Phases Year `2006-2013 2014 2015 2016 2017 2016 2019 2020 2021 2022 2023 2024 2025 2026 2027 2026 2029 2030 2031 2032 2033 2034 2035 2036 2037 Total Net Debt Service *Total EIP Dunn. Const. Devp. Unit E.I.P. per Total E.I.P Total Debt Service Devp.Comp. peryr. peryr. $32,546,730.00 $32,546,730.00 4675.56 $1,282.38 $5,995,860.00 $5,995,860.00 4675.56 $1,283.22 $5,999,760.00 $5,999,760.00 4675.56 $1,282.70 $5,997,360.00 $5,997,360.00 4675.56 $1,282.98 $5,998,660.00 $5,998,660.00 4675.56 $1,282.83 $5,997,960.00 $5,997,960.00 4675.56 $1,282.18 $5,994,910.00 $5,994,910.00 4675.56 $1,283.09 $5,999,160.00 $5,999,160.00 4675.56 $1,283.20 $5,999,660.00 $5,999,660.00 4675.56 $1,282.43 $5,996,060.00 $5,996,060.00 4675.56 $1,282.84 $5,998,010.00 $5,998,010.00 4675.56 $1,283.15 $5,999,460.00 $5,999,460.00 4675.56 $1,282.14 $5,994,710.00 $5,994,710.00 4675.56 $1,282.93 $5,998,410.00 $5,998,410.00 4675.56 $1,283.09 $5,999,160.00 $5,999,160.00 4675.56 $1,282.47 $5,996,260.00 $5,996,260.00 4675.56 $1,283.06 $5,999,010.00 $5,999,010.00 4675.56 $1,282.41 $5,996,010.00 $5,996,010.00 4675.56 $1,282.53 $5,996,560.00 $5,996,560.00 4675.56 $1,282.04 $5,994,260.00 $5,994,260.00 4675.56 $1,282.85 $5,998,060.00 $5,998,060.00 4675.56 $1,282.46 $5,996,210.00 $5,996,210.00 4675.56 $1,282.77 $5,997,660.00 $5,997,660.00 4675.56 $1,282.34 $5,995,660.00 $5,995,660.00 -$250,940.00 -$250,940.00 $170,234,620.00 $170,234,620.00 Assumptions & Sources: 1. Source for Development Components, Size and Value were obtained from March 24, 2004 Development Components, Schedule and Values. (Briggs & Fishkind), ERUs have been renamed Development Units, Total Just Value has been renamed Improvements. 2. Office/Hotel/Spa Land value was split 50/50 and incorporated to the $ amount of improvements for the Office and Hotel. 3. Debt Service has been updated to reflect April 22, 2004 revisions by BOA. 4. Payment for Phase II will revert to Phase I payment amount if less than 90% of the phase is not issued a Certificate of Occupancy in accordance to Schedule. Phases I & 11 require 90% of the development units to have received Certificates of Occupancy, otherwise only Phase I payment amount will made throughout the maturity of the Bond. 5. Methodology for ERU developed by Dr. Fishkind did not include ERUs for the parking garage and plaza. We estimated the Devp. (ERU) units for that component using the following analysis: Total cost of development for Retail, Anchor Tenant & Retailers FFBE / by Sq. Ft. of Retail to arrive at cost per sq. ft. multiplied by # of sq. ft in ERU (1000). Total cost of Parking & Plaza / number of parking spaces to arrive at a cost per perking unit. Divided cost Retail ERU by cost of parking unit, obtaining the resulting 11.27parking units to 1 Retail unit. 6.Type of Development Units may be substituted as defined in the Schedule as long as the Cumulative Phase Totals are equal to or greater than the amounts shown on the schedule for each phase. This provision does not apply to Retail Development Units. 7. Office, as described above, must be issued a Certificate of Occupancy no later than December 31, 2007, unless State Statute and or environmental constraints prevent developer from acquiring Certificate of Occupancy by the aforementioned date. 6. Principal Amount of Bond: $76,705,000. Net Debt Service on the Bonds must be equal to or less than the yearly amounts shown on this Schedule. 9. E.I.P. Payments for Miami Dade County are 40.9% of Total E.I.P. and for the City 59.1 % of Total E.I.P. Notes: `Total EIP Payment of $2,559,680.00 for Phase 1 Component will be made if at least 90% of the Total Phase Development Units are issued acertificate of Occupancy. ` Total EIP Payment of $5,999,360. for Phase 11 Components will be made if at least 90% of the Total Phase Development Units are issued a certificate of Occupancy. a) Economic Incentive Payment per development unit will be adjusted incrementally to allow for delivery of units between 91 and 99% for Phase I and Phase II. EXHIBIT II SD 27. i : Design Standards SD 27.1 Design Standards Miami, Florida January 2004 1 SD 27.1: Design Standards Table of Contents I. Introduction U. Street Types 1: Primary Streets 2: Secondary Streets 3:Tertiary Streets III. Design Standards I . Building Scale Height Setbacks 2. Building Facade Materials Fenestration Scaling Elements Building Continuity Shadow Awnings,Arrades and Colonnades 3 Articulation Wndows Entrances Awnings 4. Building Functionality Shutters 5. Lighting Decorative Lighting Storefront Lighting b. Signage 7. Roof Tops and Building Tops IV. Definitions 2 SD 27.1: Design Standards Diagrams & Illustrations L. Not to scale ; Design t ,Dirkt; 1.195 . . , i • , ii,,..„_. :,- ,' P • 1 .---,---.4------1 i I -I 1 ! . • . . ,r 1..- IT ; ' ': ---1-----W16414-Stli.vi,.„- - 1 . . r NE 290 Street OW . , . . , i..1.,................:,.. ''' 1 ' i :.-...-..-11: f ' = . ..,•,..;.,-• ,..; i ...f 1...,..1, . i : ; ; ,; T:'[ .1 i ; ,: ' ', , . , !• 1 1 ; , . ' -, 1 . "I' .) 3 SD 27.1: Design Standards Intent The following guidelines are meant to establish appropriate standards for buildings and streetscapes throughout the SD 27.1 District- Buena Vista Yards Neighborhood. These standards are intended to guide future designs towards a high level of design quality. All architectural design plans will be reviewed by UDRB as part of the Class II permitting process, for compliance with these standards. I. Introduction Guidelines Buena Vista Yards should function as the mid -town hub of Miami. It should be a vibrant and active urban neighborhood with dynamic architecture, pedestrian friendly streets, and outdoor public spaces. Buildings shall have ground floor uses that activate the street and relate new buildings and urban spaces to adjacent neighborhoods. The context and scale of the Design District, Wynwood, and Biscayne Boulevard should be reflected in new building design. BuenaVista's proximity to the Design District, the Wynwood neighborhood, and Biscayne Boulevard should make it an integral part of the arts, design, and retail community with a focus on design -oriented uses. The Urban Design Standards for the SD 27.1 District expand on the requirements identified in Section 627.1. These standards are minimum requirements, unless otherwise specified in Section 627.1. 4 SD 27.1: Design Standards Diagrams & Illustrations !'---- 1-195 ' 1 ' ' ! ...1 j --- 4,-.5,-..-.1 !--i , , '. :2" ; ' r 7 I , ., ..; : .........., I '-""t•r°1 7I''''"'-'Ti ;‘ f,---' ..6.16 oi..9!...k , , 1 1 UMW i .. ..4 ........ 44 1 # • i ir TTT j , Not to scale 1 • fkiE 2.9-ch Seroz,t MOOD S1 NMI , H 1 ' 15.h 11 it • LIM 111 IfIEN 11. I I ,1 • i33 1 F' 12 1 :,....... .., ; r ,-....,,, ' • • 411394,..1y11.2.3-sc 1 f 17111 11 Primary • • Secondary Tertiary 5 SD 27.1: Design Standards Intent The planned street grid for the Buena Vista Yard will extend the existing City of Miami street grid through the site. The urban environment will be defined by a network of streets and frequent intersections which extend to the Design District, the Wynwood neighborhood, and Biscayne Boulevard. This integration will enhance the pedestrian environment. Each street is part of a greater street hierarchy developed to organize land uses and activities. I : Primary Streets • NE 34th Street • • • • Midtown Boulevard Buena Vista Avenue NE 36th Street NE 29th Street 2: Secondary Streets • NE 30th, NE 32nd, NE 35th Streets 3:Tertiary Streets Mews: NE 31st, NE 33rd Street and NE 34th Terrace East Coast Avenue Sidewalks Emphasize connections to the surrounding City by using the standard City of Miami concrete sidewalks for all walkable areas within the public right-of-way. On -Street Parking Most streets will have on -street parking. This urban configuration will act as a buffer between pedestrians and street traffic to create a safe pedestrian environment. II. Street Types Guidelines Street Grid New streets and avenues in SD 27.1 shall align with the existing street grid. This will create an efficient development scheme that enables enhanced circulation for pedestrians and vehicles. Open space may be substituted for a street opening, when it is designed to enhance circu- lation between city blocks. Street Types Primary Streets are the major streets in the SD 27.1 District and include main pedestrian streets, perimeter streets that connect to the surrounding neighborhood, and main vehicular thoroughfares. They have the most visibility and shall, therefore, have the most stringent design and architectural standards. Similarly, they shall be the main source of activity for the neighborhood and shall have active ground floor active uses and significant open space for pedestrian usage. Secondary Streets are the main service streets in the SD 27.1 District. They connect pedestrians to primary streets and handle medium intensity activities such as vehicular service access and neighborhood retail uses. Design requirements for these streets are less restrictive because their primary purpose is to service the building and provide some ground floor active uses. Tertiary Streets are residential and shall have design requirements that promote the residential character of these streets. Ground floor active uses are encouraged, but shall not be required. Sidewalks Sidewalks are the main pedestrian thruways and shall be designed to create a comfortable, outdoor public space to accommodate a range of active and passive pedestrian activities. Sidewalks shall be simply designed to achieve these requirements. Dimensional requirements vary for each street and are more clearly described on the following pages. Landscaped pedestrian "bulb -outs" are encouraged as a tool for en- hancing the pedestrian experience by extending the sidewalk and cre- ating shorter crossing distances at intersections. On -Street Parking On -street parking is required on most streets to provide additional parking opportunities and create a more urban street type with sub- stantial pedestrian buffers. All on -street parallel parking spaces shall be a minimum of 7' wide by 20' long, unless otherwise noted. 6 SD 27.1: Design Standards I. Street Types, streetscapes (continued) Diagrams & Illustrations: xpa i°.afTt]W.l: 7 SD 27.1: Design Standards Intent Landscape Landscaping softens the man- made environment and is both ornamental and practical. It is essential for providing shade in Miami's sub -tropical climate. All streets shall be planted with adequate shade trees and landscaping to encourage pedestrian activity. Lighting Use street lights to create a well - lit nighttime environment and to augment the progressive design features of the neighborhood. I. Street Types, streetscapes (continued) Guidelines Landscape Landscaping shall be planned in conjunction with the sidewalk design as specified on the following pages. In general, trees shall provide ad- equate shade and aesthetic enhancements without conflicting with awnings or pedestrian movement. Therefore, shade trees selected for this development must be a minimum 25' tall at maturity with a 25' spread at maturity. There shall also be an 8' clear zone between the sidewalk and lowest branch at planting. Similarly, tree canopies shall not obstruct retail signs and shall be selected according to the canopy density. Shrub beds located within tree pits shall subtly enhance the overall image of the streetscape. Annuals shall not be planted in public plant- ing beds because of their excessive maintenance requirements. All shrubs shall be between I' and 3' high at the time of planting and shall not grow beyond 4' height at maturity unless it is a specific plant mate- rial intended for accent (i.e. a crinum). Lighting A minimum light level of one -foot candle shall be maintained in the parking and travel lanes in the public right-of-ways. Light levels for pedestrian areas shall not be less than .8 footcandles at any time. Refer to the streetscape guidelines for proper fight pole placement. Street Furniture Street furniture shall be part of the urban streetscape to encourage pedestrian activity and provide such amenities as: trash receptacles, benches, bollards, pedestrian lighting, bicycle racks, parking meters, street signs, transit shelters, tables, chairs. 8 SD 27.1: Design Standards NE 34th Street (Note:Dimensional criteria may vary Refer to Section 62Z 1 for specific dimensional requirements) Diagrams & Illustrations •••r• -..- • • . • . „ . " • r • • • Id • - r • „L. !,1 0'• <.• 9 SD 27.1: Design Standards Intent The primary streets in the Buena Vista Yards are main activity zones. They shall be designed to respond to the pedestrians' needs. This is most important at the street level, which will contribute to the neighborhood's success as a "place". NE 34th Street (90' ROW) NE 34th Street shall serve as a main retail corridor and a prominent transportation connection to the Wynwood neighborhood. Landscaped medians shall enhance pedestrian crossings to encourage street level activities. 11. Street Types, 1: Primary Streets Guidelines Uses: Active pedestrian uses such as retail, entertainment, office, edu- cational, and/or restaurant uses. Pedestrian Area: Sidewalks on NE 34th Street shall have a minimum 10' wide walkable area with sufficient shade trees. Shade trees are recommended to be planted +1- 25' on center, in an open tree pit. The tree pit shall be between 6.5' and 12' long with a I' wide x 6" high curb and curb surrounding it. A continuous bed of shrubs shall cover the entire area of the tree pit. Light poles located in this area shall be evenly spaced 90' on center staggered, between the proposed shade trees. A continuous 1.5' stepping verge is recommended at the back of curb. A 1' wide urban curb with a 1' wide gutter shall be placed between the stepping verge and the parking area. Parallel Parking A continuous row of parallel parking spaces is rec- ommended between the travel lane and the landscape verge with cor- ner bulb -outs. A 2' wide valley gutter shall separate the parking area from the travel lane. Corner bulbouts will replace parking spaces at the ends of the blocks. The parking verge shall be a total of 8' wide. This includes a 2' valley gutter which separates the parking from the travel lane. Travel Lanes: The travel lanes for this road shall be 12' wide. Medians: The median width shall be 12' with a standard FDOT type "D" curb. Planting along the median shall consist of large palm trees placed a maximum of 25' on center. Ground level planting shall not hang over the curb. Pedestrian refuges and traffic rate bollards should be used at all intersection. Bollards shall be spaced to meetADA re- quirements. Awning Encroachments: Awnings are allowed to encroach up to 7' into the right-of-way. 10 SD 27.1: Design Standards Midtown Boulevard (Note:Dimenslonal criteria may vary Refer to Section 627. I for specific dimensional requirements.) Diagrams & Illustrations. : ' ' e 4 4,1 4 4 " " v 447 SD 27.1: Design Standards Intent Midtown Boulevard (80' ROW) Midtown Boulevard shall serve as the primary pedestrian corridor with an active street level. Landscaped pedestrian zones shall encourage street level activities. Wide sidewalks on Midtown Boulevard shall accommodate outdoor cafes, coffee shops, and other, primarily retail, pedestrian uses. Therefore, building facades shall have more detail at the ground floor. II. Street Types, 1: Primary Streets (continued) Guidelines Uses: Active pedestrian uses such as retail, entertainment, office, edu- cational, and/or restaurant uses. Pedestrian Area: Sidewalks along this street shall be a minimum ID' wide unobstructed area to accommodate pedestrians. Large planters, measuring 6.5' wide by 30' long, shall be spaced I0' apart and placed adjacent to the sidewalk. Two large palms spaced 5' from the edge of the planter, a shade tree located at the center line of the planter, and a continuous 2' high shrub bed shall be included as part of the landscape. The shade tree planting area shall extend 3' towards the sidewalk along a 6' wide area, making the total width in the center of the planter 9.5'. Shade trees shall be spaced no more than 40' on center. Light poles along this Midtown Boulevard shall be placed in the areas between planters, lined up with the row of palm trees.The light pole spacing shall be +1- 100' on center. Parallel Parking. A continuous row of parallel parking spaces is recommended between the travel lane and the landscape verge area. Travel Lanes: The travel lanes for this road shall be 1 1' wide. Medians: There are no medians along this road. Awning Encroachments: Awnings are allowed to encroach up to 7' into the right-of-way. 12 SD 27.1: Design Standards NE 36th Street (Note: Dimensional criteria may vary. Refer to Section 627. ! for specific dimensional requirements) Diagrams & Illustrations I3 SD 27.1: Design Standards Intent NE 36th Street (70' ROW) NE 36th Street shall have a seamless transition to the Design District. Consequently, the streetscape and building design shall incorporate several characteristics of the existing conditions in order to achieve a good transition. Additionally, NE 36th Street shall have a 9' arcade or an awning with a 9' setback, to create a pleasant pedestrian environment that is consistent with the character of the retail corridor to attract activity into the core of the neighborhood. 11. Street Types, 1: Primary Streets (continued) Guidelines Uses: Active pedestrian uses such as retail, entertainment, office, edu- cational, and/or restaurant uses. Pedestrian Area: Following the FDOT plans, the north sidewalk will be set at 6' in wide with no landscaping. On the south side of the street, the pedestrian area shall be composed of a 6' wide landscape verge area, and a 4' wide, continuous sidewalk area. Abutting the 4' sidewalk area, a 9' colonnade or a 9' building setback with an awning shall be incorporated into the design to provide adequate sidewalk space and shade. Along the landscape verge, a 5' wide by 6' long planter with large palms shall be placed 25' on center. Travel Lanes: Travel lanes for this road shall be 11' wide. Medians: The FDOT will be placing medians where possible along the road. Large palms shall be placed in these medians and distanced +1- 25' on center where possible. A continuous shrub bed shall cover the median area where possible. Shrubs shall not spill over past the curbs into the travel lanes. Awning Encroachments: Awnings are allowed to encroach up to 7' into the right-of-way. I4 SD 27.1: Design Standards NE 29th Street (Note:Dimensional criteria may vary. Refer to Section 627.for specific dimensional requirements.) Diagrams & Illustrations • 11.7,5AZA,If." 1 :ear .41. ,44 SD 27.1: Design Standards Intent NE 29th Street (80' ROW) As one of the primary connection to Biscayne Boulevard, NE 29th Street shall lead seamlessly into the adjacent neighborhood. This shall be accomplished through building design and building facades particularly at the street level. This also includes on -street parking. Additionally, NE 29th Street shall have a 9' arcade or an awning with a 9' setback, to create a pleasant pedestrian environment that is consistent with the character of the retail corridor to attract activity into the core of the neighborhood. I. Street Types, 1: Primary Streets (continued) Guidelines Uses: Active pedestrian uses such as retail, office, educational, and/or restaurant uses. Pedestrian Area: The existing sidewalk width on the south side of the street will remain. On the north side of the street, the pedestrian area shall have a 5.5' landscape verge , and a 6' continuous sidewalk. Planters along the landscape verge shall measure 5.5' wide by 10' long. Shade trees are recommended to be planted 25' to 35' on center. A continu- ous shrub bed shall cover the planter area, and be no more than 2' in height at maturity. Abutting the 6' sidewalk area, a 9' colonnade or a 9' building setback with an awning shall be incorporated into the design to provide adequate sidewalk space and shade. Travel Lanes: Existing travel lanes for this road vary. Parallel Parking An 8' wide parallel parking area shall be placed along the north side of the street between the landscape verge and the travel lane. Awning Encroachments: Awnings are allowed to encroach up to 7' into the right-of-way. I6 SD 27.1: Design Standards Buena Vista Avenue (Note:Dimensional criteria may vary. Refer to Section 627.I for specific dimensional requirements.) Diagrams & Illustrations .1 'WA : : 4.1..,41%...k ..,,..4. ,.. 11 . r..,.. ,n.r...,. A -4r : .:,--,a, .,.-- :,,e, ..: ,..1,g• .! * P. .it t 4 -3' : - vr, rr ... 17 SD 27.1: Design Standards Intent Buena Vista Avenue (82' ROW) curbless street Buena Vista Avenue will be the main pedestrian zone can be closed to traffic for special events. It is located one block west off Midtown Boulevard adjacent to the public plaza. Truck traffic and deliveries are prohibited on Buena Vista Avenue. II. Street Types, 1: Primary Streets (continued) Guidelines Uses:Active pedestrian uses such as retail, office, neighborhood retail, and/or restaurant uses. Pedestrian Area: Sidewalks on Buena Vista Avenue shall have a 9' wide walkable area with a landscape verge. One Washingtonia ro- busta, with ground level planting shall be planted in each 8' x 8' raised planter. The planters shall be centered between every two parallel parking spaces with a I' wide by 6" high curb. Each Washingtonia shall have a clear trunk, which matches the overall height of the shade trees along the corridor. Material for this area shall be brick, cobbled, or textured concrete pav- ers. Paving colors and patterns must be kept consistent throughout the corridor for continuity. Parallel Parking An 8' wide parallel parking area shall be separated, every two parking spaces by an 8' x 8' raised planter, rotated 45 de- grees, with a I' wide x 6" high curb on all sides. This rotation will make it easier for cars to pull in and out of parking spaces. One Delonix regia is recommended in each planter with ground level planting around the base. Materials for this area shall match those of the pedestrian area. Ther- moplastic striping or paint shall not be used along this corridor. Road- way markings for the parallel parking shall be a white and yellow pavers embedded with reflective glass beads. Travel Lanes: The travel lanes for this road shall be 12' wide with materials that match the pedestrian and parallel parking areas for con- tinuity. All necessary vehicular striping shall be done with colored pav- ers embedded with reflective glass beads. Medians: A 16' wide median is recommended with alternating 12' wide x +1- 20' long raised planters spaced a maximum of 32' apart. In- between the planters, a flush pedestrian shall match the rest of the street elevation and paving type. The planters shall have a 1.5high x 1.5' wide seating wall wrapping it on all sides. This wall may be con- structed of natural stone or an alternative approved material and finish. Traffic rated bollards, spaced a maximum of 7' on center shall line the pedestrian area to prevent vehicular travel. A 2' wide coarse grained, verge shall be left clear of obstructions along the edge of each travel lane on either side of the median. This will provide a more definable separation between the travel lane and the pedestrian oriented median. Examples of such materials are: river rock, cobble stone, textured pavers. Such material shall be mortared set. Materials for the remainder of the median shall match those used in the rest of the street. Awning Encroachments: Awnings are allowed to encroach up to 7' 18 into the right-of-way. SD 27.1: Design Standards NE 30th, 32nd, & 35th (Note: Dimensional criteria may vary. Refer to Section 627. ! for specific dimensional requirements.) Diagrams & Illustrations 19 SD 27.1: Design Standards Intent NE 30th, 32nd, & 35th, east of Midtown Boulevard (60' ROW) The service streets are prima- rily used for automobile access to parking garages and loading docks. 11. StreetTypes, 2: Secondary Streets (continued) Guidelines Uses: Active pedestrian uses such as retail, office, live/work, neighbor- hood retail, educational, and/or restaurant uses. Pedestrian Area: Sidewalks on Service Streets shall have a minimum 8' walkable area and a 8' landscape verge. The landscape verge shall have 8' x 8' planters, flush with the sidewalk, and planted with one shade tree and ground level planting around the base. Trees are recom- mended to be planted a maximum of 20' on center. The section shall also have a 2' stepping verge and a I' wide urban curb with a I' gutter. This will separate the pedestrian area from the travel lane. Travel Lane: Travel lanes for these roads shall be 10' wide. Awning Encroachments: Awnings are allowed to encroach up to 7' into the right-of-way. 20 SD 27.1: Design Standards East Coast Avenue (Note:Dimensional criteria may vary. Refer to Section 627.1 for specific dimensional requirements.) Diagrams & Illustrations 15; k 41'44 . " „. .1 2 I SD 27.1: Design Standards Intent The tertiary streets shall serve the local population. They include service streets to access residential parking garages, residential mews, and access to the entrances for the residential towers adjacent to the FEC corridor. East Coast Avenue (40' ROW) Proposed The East Coast Avenue shall be the front door to the residential towers. It shall have uses that serve the residents and may include live/work apartments and some office. The East Coast Avenue shall integrate the County's Greenways Plan to included a linear park system and a planned trolley route connecting from downtown to NE 79th Street. I. Street Types, 3:Tertiary Streets Guidelines Uses: Pedestrian active uses such as retail, office, neighborhood retail, educational, and/or restaurant uses. Pedestrian Area: On the west side of the corridor, the pedestrian area along this street shall be comprised of a 9' continuous sidewalk and a 6' landscape verge. Planters along the landscape verge shall mea- sure 6' wide x 10' (min.) long. Shade trees with understory planting not exceeding 2' in height at maturity shall be planted in the landscape verge area. Shade tree spacing are recommended to be +1- 25' on center. From the right-of-way, a 5' building setback shall be implemented to allow for a landscape buffer between the building and the sidewalk. Shrubs planted in this area shall not spill over into the sidewalk area, and shall not cover any windows or openings along the building. A 1' wide urban curb with a I' gutter will separate the pedestrian area from the travel lane. Along the east side of the corridor, a continuous landscape area shall be implemented which will tie into the FEC greenway corridor. Shade trees are recommended to be planted at +1- 25' on center lining the street on this side. The shade trees must be setback at least 4' from the face of curb. Travel Lanes: Travel lanes for this street shall be 10.5' wide. Awning Encroachments: Awnings are allowed to encroach up to 7' into the right-of-way. 22 SD 27.1: Design Standards Mews NE 31 st & 33rd Street, NE 34th Terrace (Note: Dimensional criteria may vary. Refer to Section 627. I for specific dimensional criteria. Diagrams & Illustrations 23 SD 27.1: Design Standards Intent Mews NE 31 st and 33rd Street, NE 34th Terrace (40' ROW) private road A mews is a narrow street with townhouses, lofts, and live/work uses that line the parking garages for residen- tial towers and hide them from view. Mews are open to pedestrian traffic, but ve- hicular traffic is controlled by a security gate. II. Street Types, 3:Tertiary Streets (continued) Guidelines Uses: Active pedestrian uses such as retail, live/work, residential uses. Travel Lane: One 18' wide "travel lane" shall be kept clear of ob- structions along the centerline of the muse. The edges of this travel lane shall be defined by the following components: Bollards Light poles Raised planters Benches Trash receptacles No thermoplastic or painted striping shall be used in these streets. Vehicular and pedestrian paving shall be kept the same. Paving shall be brick or cobble type material. Parking. The linear footage of the parking area shall not exceed 50 of the total length of the Mew. Parking can only occur on one side of the travel lane at a time therefore, parking spaces shall overlap into the travel lane a maximum of 4'. Awning Encroachments: Awnings are allowed to encroach up to 7' into the right-of-way. 24 SD 27.1: Design Standards Height, Setbacks (Note: Dimensional criteria may vary. Refer to Section 627.1 for specific dimensional criteria.) Diagrams & Illustrations. Buena Vista Avenue (North of 34th) 340 Street. (West of Midtown Boulevard) IF rr 30th. 32nd & 35th (East of Midtown Houletiard) 36th Stet. Mgr Nj Midtown Boulevard (North of 34th) iM` 34th Street (east of Midtown # oiievard) 310 3 Irrt & 33rd (Ease of Midtown Boulevard) IY 34th Street (Wiest of Miritown Boulevard) (East of Midtown Boulevard) Midtown Botilevard (South of 34th) East Goat Avenue FEC Corridnr (No Went Front209 29th Strcmt (East of Midtown Boukvard) 25 SD 27.1: Design Standards Intent Create a comfortable scale for the Buena Vista Yards neighborhood by balancing building heights, setbacks, and massing with street and sidewalk widths. Establish Midtown Boulevard and NE 34th Street as main streets using greater building heights and different setbacks. Emphasize designated gateways to Buena Vista Yards with increased building heights. 1.1 Height: Utilize varying building heights and floor heights to achieve a comfortable pedestrian scale to enhance Buena Vista Yards as a vibrant, urban, community. Building heights help to achieve this environment by enclosing a space to reinforce an urban neighborhood character. 1.2 Setbacks: Enforce building setbacks that respond to the street width and the building height to create outdoor rooms for a variety of outdoor spaces. III. Design Standards, l : Building Scale Standards 1.1 Height Taller buildings are permitted along the FEC corridor because its large right-of-way will offset building height. Taller buildings are also permitted at intersections that have been des- ignated as gateways in the SD 27.1 District ordinance. Buildings gain height in exchange for a slender tower and a smaller floor plate. Additionally, buildings must have a mix of uses to achieve greater height. 1.2 Setbacks The purpose of the setback is to maintain a sense of scale at the ground floor, while accommodating height. Buildings "step-up" to the FEC corridor, towards the water, and "step-down" towards the lower residential neighborhood to the west. There are additional opportuni- ties for height along NE 36th Street, abutting the Design District. 3I 26 SD 27.1: Design Standards Diagrams & Illustrations 27 SD 27.1: Design Standards Intent Building facades shall be richly detailed and varied for visual interest, and to encourage activity. 2.1 Materials: Reinforce the human scale at the street level with facades of varied building materials and appropriately scaled material modules. 2.2 Fenestration: Emphasize street level windows for visibility to pedestrian activity. 2.3 Scaling Elements: Encourage using varied architectural elements on the lower levels of building facades for visual interest. Avoid undifferentiated blank walls. Use multiple repetitive features to create an architectural rhythm. III. Design Standards, 2: Building Facade Standards 2.1 Materials At least two different materials shall be used in building facades. When used for windows, glass will not be counted as one of two different building materials. Creative and innovative high quality building materials are encouraged. This includes metals, perforated materials, glass, and architectural con- crete. Reflective glass as a complete surface is discouraged. Faux treatments in lieu of the intended material is discouraged. 2.2 Fenestration Street level building facades shall be pierced by single and double height windows or general access entrance or doorways to encourage browsing and window shopping. For the first ten (10) feet of height above the public sidewalk elevation, the exterior building wall shall contain win- dows andlor doorways of transparent glass covering at least fifty (50) percent of the wall area. Additionally, the base of all transparent open- ings shall be no more than thirty (30) inches above the sidewalk. The individual panes may be composed of smaller vertical elements. To reduce visual barriers between interior and exterior spaces street level windows shall be transparent with no reflectivity. Similarly, store- front and display windows shall not be filled in or blocked in any way. Street level restaurants are encouraged to use operable windows and doors which can allow them to open out onto the sidewalks in good weather. 2.3 Scaling Elements Large, blank surfaces and non -modular panels. such as concrete panels and stucco, are discouraged unless they have a compelling design pur- pose. This is especially true at the ground floor level which requires additional detail and visual amenities. Repeating elements, such as pilasters, vertical reveals, and other three dimensional details shall be strongest at the street level. They may include repetition of storefront details or consistent sign design. On residential towers in SD 27.1, at least one architectural element shall be repeated to minimize the facade's scale. This could be a mate- rial module change, a change in facade plane of at least 6", use of an architectural ornament, recessed glazing, vertical banding, andlor group- ings of windows. 2.3 Scaling Elements (cont.) Avoid repetitive scaling elements that are monotonous and oppressive. For example, grids of repeated windows are discouraged. 28 SD 27. 1: Design Standards Diagrams && Illustrations 29 SD 27.1: Design Standards Intent 2.4 Building Continuity: Require that building design and architectural features maintain continuity. 2.5 Shadows: Use texture and relief in building facades to create shadow and to augment building detail and changes in building planes. 2.6 Awnings, Arcades, and Colonnades: Incorporate awnings and arcades into facade design to provide shade, rich materials, and color. III. Design Standards, 2: Building Facade (continued) Standards Facades on primary streets shall be divided into three horizontal seg- ments:a base, middle and top. When required setbacks do not differen- tiate these segments, architectural elements shall be used such as hori- zontal elements on the ground floor. 2.4 Building Continuity All sides of a structure shall be continuous in design. No side shall be unimproved. Therefore, all architectural details, such as roof lines and parapets shall continue around all sides of a structure. Similarly, false architectural features and structures are discouraged unless they are integral to the buildings's design. 2.5 Shadows Changes in plane around windows and entrances are encouraged to highlight building openings and access points for pedestrians. 2.6 Awnings, Arcades, and Colonnades Awnings or arcades shall be used to enhance building facades and store- fronts with color and dimension and to provide shade for browsing and cafe seating. Different awnings shall be used for various storefronts to avoid a ho- mogeneous appearance including free or fixed valances, open or closed sided, and open -sided with a valance drop. Creative uses of materials is encouraged. Awnings shall be generally consistent in height and depth to create a canopy of shade. 30 SD 27.1: Design Standards Diagrams & Illustrations SD 27.1: Design Standards Intent Storefronts and entrances shall be articulated differently to create an interplay between the public and private realms and between interior and exterior activities. Similariy,facade designs shall reflect a building's interior activities and spatial arrangements. Therefore, false building fronts that obscure the internal scale and function of buildings are discouraged. 3.1 Entrances: Emphasize street level entries for a legible hierarchy in building facades. 3.2 Storefronts: Establish an individual identity for each storefront. Visually connect interior and exterior activities along the street. III. Design Standards, 3:Articulation Standards 3.1 Entrances Entries shall be articulated with different building materials, changes in building massing, or changes in the roof line that break the facade's regulated surface. This creates a facade hierarchy that articulates en- trances. Similarly, entrances shall be setback from the primary building frontage at least 6". Enhanced lighting and signage shall also be incorporated in entry de- signs. Corner entrances shall be designed to address street corners. This may include additional building mass, distinctive architectural elements, different building materials, changes in building planes, and changes in building shape. Large banks of glass doors at main entrances shall be used to interrupt blank expanses of building facades. 3.2 Storefronts Storefront windows shall be at least 10' high and shall be similar in proportion to display windows. Window sills shall be close to the building base, proportional to pedestrians. The storefront frame shall be setback from the building facade be- tween 6" and 1 2" to create depth and shadow. Entrances shall be recessed in storefronts or highlighted within the storefront. Window displays shall be simple and focused and shall not obstruct views into the store. 32 SD 27.1: Design Standards Diagrams & Illustrations 33 SD 27.1: Design Standards Intent To maintain architectural consistency, unattractive functional features shall be screened and/or separated from primary visual corridors and pedestrian zones. 4.1 Shutters: Prohibit security shutters which obstruct pedestrians' views into storefronts and display windows. III. Design Standards, 4: Building Functionality Standards 4.1 Shutters Impact glass in lieu of hurricane shutters is recommended for ground floor uses. If shutters are used, they should be concealed from public view. Opaque security shutters will not be permitted in this district. Rather, transparent, security grills shall be utilized to maintain transparency when stores are closed. This will enable window shopping and activate the street during non -business hours. 34 SD 27.1: Design Standards Diagrams & illustrations 35 SD 27.1: Design Standards Intent 5.1 Architectural Lighting: Use architectural lighting to highlight landscaping, signage, and special architectural features. 5.2 Storefront Lighting: Use lighting in store windows to encourage window shopping and other evening activities when stores are typically closed. Ili. Design Standards, 5: Lighting Standards 5.1 Architectural Lighting Light buildings at night to create shadows and depth and highlight im- portant architectural elements and building materials such as colored glass and perforated metal. Whenever possible, light second story windows to imply human pres- ence and counter the appearance of desertion. Use decorative lighting to illuminate signs and uplighting to illuminate landscaping. Glare shields should be used to reduce light spillover into pedestrian and vehicular areas. Use sconces and other architectural lighting to illuminate building en- trances with warm light. 5.2 Storefront Lighting Illuminate signs, entrances, window displays and interiors at varying lev- els of brightness. 36 SD 27.1: Design Standards Diagrams & Illustrations r�. 37 SD 27.1: Design Standards Intent Exterior storefront signs shall be designed and installed in ways that create neighborhood character while conveying concise information about the businesses they serve. Well designed signs are effective tools to enhance storefronts and attract people. 6.1 General Guidelines: Signs shall be simple, minimal and creative and are based on the requirements set forth in Article 10 of the Zoning Code, Sign Regulations. 6.2 Wayfinding Program: Establish a wayfinding program to enhance navigation. 6.3 Channel Letters: Use channel lettering for storefront signs whenever possible. III. Design Standards, 6: Signage Standards 6.1 General Guidelines Three types of signs are permitted in Buena Vista Yards: channel letters fixed directly to building walls, projecting and hanging signs, and neon and LED type signs for media uses. Window signs attached or painted to glass are discouraged and must meet the minimum requirements as specified in Article 10, section 10.5, Zoning District Sign Regulations. Ground/freestanding signs are prohibited. In general, signs shall be proportional to the building's scale. They shall also be legible at the pedestrian level. Therefore, a combination of large and small scale signs may be used as specified below. A minimal number of signs shall be used to avoid a cluttered appear- ance. Similarly, signs shall be simple and convey basic information such as the store name and street number. 6.2 Wayfinding Program A clear navigational system is encouraged to illustrate BuenaVistaYard's geographic connection to the Design District and Wynwood, and to establish direct pedestrians and drivers to important destinations. Maps and kiosks shall be designed to enhance the visual quality of the neighborhood and may be developed as public art. 6.3 Channel Letters Channel letters are three dimensional letters which may be individually fixed to storefronts as a type of sign. Channel letters shall be used instead of wall signs, which are discouraged. Signs composed of channel letters are preferred to other,wall mounted signs because they display information more clearly. Use contrasting colors for lettering and wall color. Additionally, lettering shall be in script or stylized. Signs shall be located in the storefront frame or above the awning, directly above the store's entrance. Lettering may be raised from the building facade to cast shadows on the building facades. There is no limit on lettering size however, the total surface area for storefront signage shall be limited to one and one half (1 1/2) square feet for each lineal foot of wall fronting the street for a single establish- ment within a building. For a single building with multiple establish- ments that have separate entrances to the outdoors with at least twenty (20) linear feet of frontage, the total surface area for storefront signage shall be limited to twenty (20) square feet for each face of the building oriented toward the street. In addition, this building type may have one (I) building identification sign not to exceed fifty (50) square feet in area for each building face with street frontage. 38 SD 27.1: Design Standards Intent 6.3 Projecting Signs: Use projecting signs in arcades or between awnings to increase legibility. 6.4 Special Signs: Special media and entertainment uses are not restricted by conventional sign design. 6.5 Lighting: All signs shall be adequately lighted for the night time environment. III. Design Standards, 6: Signage (continued) Standards 6.3 Projecting and Hanging Signs Projecting signs shall hang down from arcade ceilings or project out from building walls between awnings. Signs shall be mounted to deco- rative, fixed, metal arms. Signs that project four (4) feet from a building may not exceed forty (40) square feet in area. Signs that project between two (2) and three (3) feet from the building may not exceed sixty (60) square feet in area. Signs that project two (2) feet from the building may not exceed eighty (80) square feet in area. Use simple, geometric shapes, such as ovals and squares, when design- ing projecting signs. Signs shall have minimal lettering. They may in- clude store logos to enhance pedestrian navigation. 6.4 Special Signs Theaters, hotels, art galleries and other media/entertainment uses may choose special, creative signs such as marquees, neon, video screens, and LED digital media display. Only one such special sign may be used per store. These signs will require a Class II Special Permit to ensure that signs are oriented away from adjacent residential uses to minimize the potential adverse effects resulting from lighting spillover. 6.5 Lighting Channel lettering may be backlit with florescent tubes or neon. Incandescent, decorative spotlights may be placed at intervals above channel lettering signs. Fluorescent lights provide strong, even light. They shall be concealed with a valance. Special signs can incorporate lighting within the sign itself. Projecting signs shall use incandescent spotlights. 39 SD 27.1: Design Standards Diagrams & Illustrations 40 SD 27.1: Design Standards Intent Roof tops and building tops shall be attractive from the street level and from residential tower heights. 7.1 Building Tops: Use distinctive building tops to identify the area as midtown Miami. 7.2 Garage Roof: Conceal roof top parking. 7.3 Roof Tops: Rooftops shall be attractive and shall be treated as part of the building facade. III. Design Standards, 7: Building Tops & Roof Tops Standards S❑ 27.1 7.1 Building Tops Residential towers shall have distinctive building tops or finials whenever possible. 7.2 Parking Garage Roof Uncovered parking garage roofs shall be concealed with creative, col- ored surfaces and landscaping. 7.3 Roof Tops All roof top equipment must be concealed. Green roofs or roof tops planted with heat tolerant, low maintenance cultivated plant life are strongly encouraged. Recreational uses are encouraged on roof tops. 41 SD 27.1: Design Standards IV. Definitions Arcade:An architectural element composed of arches, evenly spaced in a continuous row that forms a semi -enclosed corridor. It provides continuous shade for the pedestrian. Awnings: An element attached to the building facade, which provides shade at ground level. Bulb out: A pedestrian area typically located at street intersections, which provide for additional pedestrian space and shortens crossing distances. Colonnade:An architectural element composed of evenly spaced columns in a continuous row, providing a continuous semi -enclosed corridor. Commercial Use:All permitted uses as listed in the C-I zoning classification as identified in the SD27 Overlay District ordinance. Encroachments: Any element that crosses the right-of-way from a private development into public property is said to be "encroaching into the public right-of-way". Landscape Verge:An area dedicated for planting. This can be a continuous strip, parallel to the travel lane, or alternating between tree pits and hardscape. Liner Uses Storefronts and building fronts that conceal a larger use from view such as a parking garage. Mews: A narrow street lined on both sides by townhouse and loft -style units. Pedestrian Area: The area within the public right-of-way primarily dedicated for pedestrian use. This area may contain a sidewalk, landscape verge, and outdoor seating spaces. Pedestrian Refuge:The space located within the medians of the streets that protects the pedestrian from vehicular traffic. This is used in streets with multiple lanes of traffic in both directions. Parallel Parking Area: The area within the streetscape designated primarily for vehicular parking parallel to the direction of traffic. At the intersections, these areas may be converted to pedestrian spaces called "bulb outs" to shorten the crossing distance for pedestrians. Right-of-way: The line marking the boundary between the public domain and the private domain. Setback: An establish physical separation between the face of a building and the right-of-way. Stepping Verge: An area between the curb and a landscape verge, which serves for people to step out of their parked cars onto the sidewalk. Travel Lane:The area of the streetscape dedicated solely for vehicular travel. Tree Pit:An open area upon which a tree and/ or shrubs are planted within the streetscape. Uplight Decorative lighting used to accentuate certain architectural features and/ or landscaping. Walkable Area: An area dedicated for uninterrupted pedestrian traffic. 42 EXBIT III SD 27.2: Desgn Standards SD 27.2 Design Standards Miami, Florida January 2004 SD 27.2: Design Standards Table of Contents I. Introduction II. Street Types I: Primary Streets 2: Secondary Streets 3:Tertiary Streets III. Design Standards I. Building Scale Height Setbacks 2. Building Facade Materials Fenestration Scaling Elements BuildingConunuity Shadow AwningsArcades and Colonnades 3 Articulation Windows Entrances Awnings 4. Building Functionality Shutters 5. Lighting Decorative Lighting Storefront Lighting b. Signage 7. Roof Tops and Building Tops IV. Definitions 2 "TT SD 27.2: Design Standards Diagrams & illustrations ._, I I r,, ' 1„,1„,„ f , r TT JLT ELL LI- ! i -' 1.. )1_ a :r Lrr I Not to scale I.. • ,,,,,,, D4Si• -Diitr t! — t 11 'I' • r . : NE 2vith Weal ; I , , t • • -ii[ 1. ' ; 1, . fl 3 SD 27.2: Design Standards Intent The following guidelines are meant to establish appropriate standards for buildings and streetscapes throughout the SD 27.2 District- Buena Vista Yards Neighborhood. These standards are intended to guide future designs towards a high level of design quality. All architectural design plans will be reviewed by UDRB as part of the Class II permitting process, for compliance with these standards. I. Introduction Guidelines Buena Vista Yards should function as the mid -town hub of Miami. It should be a vibrant and active urban neighborhood with dynamic architecture, pedestrian friendly streets, and outdoor public spaces. Buildings shall have ground floor uses that activate the street and relate new buildings and urban spaces to adjacent neighborhoods. The context and scale of the Design District, Wynwood, and Biscayne Boulevard should be reflected in new building design. BuenaVista's proximity to the Design District, the Wynwood neighborhood, and Biscayne Boulevard should make it an integral part of the arts, design, and retail community with a focus on design -oriented uses. The Urban Design Standards for the SD 27.2 District expand on the requirements identified in Section 627.2.These standards are minimum requirements unless otherwise specified in Section 627.2. 4 SD 27.2: Design Standards Diagrams & Illustrations 131 Ira.* W NOM IP • • • • • 11_ t • NE al" sum/ 1• 1 ";._ 1 • l• Design! 1- 195 . , 1 --..-.1 , ---,,'"--,, , . ..4 i I, ....1 _.4 ._... ..........., 4., ____L.J i „. ii.....1, i I ,1 .•7 i.!. . 1;= :! . • • i a • I 1 • 4 NEirlifrii ; .... : i '1 I NE 41151r ti TJj Not to scale 1' 1' • • ; „L .„ ; t NE 19th . . • • WSW I 7 r . -17 w tt Tt a1 LLLL.I.LL,L Lrnri T • Primary Secondary Ternary IP L. 5 SD 27.2: Design Standards Intent The planned street grid for the Buena Vista Yard will extend the existing City of Miami streetgrid through the site. The urban environment will be defined by a network of streets and frequent intersections which extend to the Design District, the Wynwood neighborhood, and Biscayne Boulevard. This integration will enhance the pedestrian environment. Each street is part of a greater street hierarchy developed to organize land uses and activities. I: Primary Streets • NE 34th Street • Midtown Boulevard • Buena Vista Avenue • North Miami Avenue • NE 36th Street • NE 29th Street 2: Secondary Streets • NE 30th, NE 3Ist, NE 32nd,NE 35th Streets Sidewalks Emphasize connections to the surrounding City by using the standard City of Miami concrete sidewalks for all walkable areas within the public right-of-way. On -Street Parking Most streets will have on -street parking. This urban configuration will act as a buffer between pedestrians and street traffic to create a safe pedestrian environment. II. Street Types Guidelines Street Grid New streets and avenues in SD 27.2 shall generally align with the ex- isting street grid, as required in Section 627.2. This will create an effi- cient development scheme that enables enhanced circulation for pe- destrians and vehicles. Open space may be substituted for a street opening,when it is designed to enhance circulation between city blocks. Street Types Primary Streets are the major streets in the SD 27.2 District and include main pedestrian streets, perimeter streets that connect to the surrounding neighborhood, and main vehicular thoroughfares. They have the most visibility and shall, therefore, have the most stringent design and architectural standards. Similarly, they shall be the main source of activity for the neighborhood and shall have active ground floor active uses and significant open space for pedestrian usage. Secondary Streets are the main service streets in the SD 27.2 District. They connect pedestrians to primary streets and handle medium intensity activities such as vehicular service access and neighborhood retail uses. Design requirements for these streets are less restrictive because their primary purpose is to service the building and provide some ground floor active uses. Tertiary Streets are residential and shall have design requirements that promote the residential character of these streets. Ground floor active uses are encouraged, but shall not be required. Sidewalks Sidewalks are the main pedestrian thruways and shall be designed to create a comfortable, outdoor public space to accommodate a range of active and passive pedestrian activities. Sidewalks shall be simply designed to achieve these requirements. Dimensional requirements vary for each street and are more clearly described on the following pages. Landscaped pedestrian "bulb -outs" are encouraged as a tool for en- hancing the pedestrian experience by extending the sidewalk and cre- ating shorter crossing distances at intersections. On -Street Parking On -street parking is required on most streets to provide additional parking opportunities and create a more urban street type with sub- stantial pedestrian buffers. All on -street parallel parking spaces shall be a minimum of 7' wide by 20' long, unless otherwise noted. 6 SD 27.2: Design Standards I I . Street Types, streetscapes (continued) Diagrams & Illustrations: • Atki3,1, WOW ;111C = E SD 27.2: Design Standards Intent Landscape Landscaping softens the man- made environment and is both ornamental and practical. It is essential for providing shade in Miami's sub -tropical climate. All streets shall be planted with adequate shade trees and landscaping to encourage pedestrian activity. Lighting Use street lights to create a well - lit nighttime environment and to augment the progressive design features of the neighborhood. I. Street Types, streetscapes (continued) Guidelines Landscape Landscaping shall be planned in conjunction with the sidewalk design as specified on the following pages. In general, trees shall provide ad- equate shade and aesthetic enhancements without conflicting with awnings or pedestrian movement. Therefore, shade trees selected for this development must be a minimum 25' tali at maturity with a 25' spread at maturity. There shall also be an 8' clear zone between the sidewalk and lowest branch at planting. Similarly, tree canopies shall not obstruct retail signs and shall be selected according to the canopy density. Shrub beds located within tree pits shall subtly enhance the overall image of the streetscape. Annuals shall not be planted in public plant- ing beds because of their excessive maintenance requirements. All shrubs shall be between I' and 3' high at the time of planting and shall not grow beyond 4' height at maturity unless it is a specific plant mate- rial intended for accent (Le. a crinum). Lighting A minimum light level of one -foot candle shall be maintained in the parking and travel lanes in the public right-of-ways. Light levels for pedestrian areas shall not be less than .8 footcandles at any time. Refer to the streetscape guidelines for proper light pole placement. Street Furniture Street furniture shall be part of the urban streetscape to encourage pedestrian activity and provide such amenities as: trash receptacles, benches, bollards, pedestrian lighting, bicycle racks, parking meters, street signs, transit shelters, tables, chairs. 8 SD 27.2: Design Standards NE 34th Street (Note:Dimensional criteria may vary. Refer to Section 627./ for specific dimensional requirements.) Diagrams & Illustrations - 4,9 J ":"•••,[ '414 AI, 16, E94.. 9 SD 27.2: Design Standards Intent The primary streets in the Buena Vista Yards are main activity zones. They shall be designed to respond to the pedestrians' needs. This is most important at the street level, which will contribute to the neighborhood's success as a "place". NE 34th Street (90' ROW) NE 34th Street shall serve as a main retail corridor and a prominent transportation connection to the Wynwood neighborhood. Landscaped medians shall enhance pedestrian crossings to encourage street level activities. 11. Street Types, 1: Primary Streets Guidelines Uses: Active pedestrian uses such as retail, entertainment, office, edu- cational, and/or restaurant uses. Pedestrian Area: Sidewalks on NE 34th Street shall have a minimum I0' wide walkable area with sufficient shade trees. Shade trees are recommended to be planted +1- 25' on center, in an open tree pit. The tree pit shall be between 6.5' and 12' long with a I' wide x 6" high curb and curb surrounding it. A continuous bed of shrubs shall cover the entire area of the tree pit. Light poles located in this area shall be evenly spaced 90' on center staggered, between the proposed shade trees. A continuous 1.5' stepping verge is recommended at the back of curb. A I' wide urban curb with a 1' wide gutter shall be placed between the stepping verge and the parking area. Parallel Parking: A continuous row of parallel parking spaces is rec- ommended between the travel lane and the landscape verge with cor- ner bulb -outs. A 2' wide valley gutter shall separate the parking area from the travel lane. Corner bulbouts will replace parking spaces at the ends of the blocks. The parking verge shall be a total of 8' wide. This includes a 2' valley gutter which separates the parking from the travel lane. Travel Lanes: The travel lanes for this road shall be 12' wide. Medians: The median width shall be 12' with a standard FDOT type "D" curb. Planting along the median shall consist of large palm trees with a recommended spacing of 25' on center. Ground level planting shall not hang over the curb. Pedestrian refuges and traffic rate bollards should be used at all intersection. Bollards shall be spaced to meet ADA requirements. Awning Encroachments: Awnings are allowed to encroach up to 7' into the right-of-way. 10 SD 27.2: Design Standards Midtown Boulevard (Note: Dimensional criteria may vary. Refer to Section 627 I for specific dimensional requirements) Diagrams & Illustrations: SD 27,2: Design Standards Intent Midtown Boulevard (80' ROW) Midtown Boulevard shall serve as the primary pedestrian corridor with an active street level. Landscaped pedestrian zones shall encourage street level activities. Wide sidewalks on Midtown Boulevard shall accommodate outdoor cafes, coffee shops, and other, primarily retail, pedestrian uses. Therefore, bui lding facades shall have more detail at the ground floor. I. Street Types, 1: Primary Streets (continued) Guidelines Uses: Active pedestrian uses such as retail, entertainment, office, edu- cational, and/or restaurant uses. Pedestrian Area: Sidewalks along this street shall be a minimum 10' wide unobstructed area to accommodate pedestrians. Large planters, measuring 6.5' wide by 30' long, shall be spaced 10' apart and placed adjacent to the sidewalk. Two large palms spaced 5' from the edge of the planter, a shade tree located at the center line of the planter, and a continuous 2' high shrub bed shall be included as part of the landscape. The shade tree planting area shall extend 3' towards the sidewalk along a 6' wide area, making the total width in the center of the planter 9.5'. Shade trees shall be spaced no more than 40' on center. Where a 20' linear park abuts the right-of-way along this street, a minimum shade requirement shall be provided for the park area which may include: One (1) canopy tree every twenty (20) linear feet (maximum) One (1) large palm tree every twenty (20) linear feet (maximum) A cluster of three (3) small palms every twenty (20) linear feet (maximum) Minimum planter sizes within the park shall be sixty-four (64) square feet in area. Paving for the park area may be a brick or concrete paver, which can extend up to the edge of the planters along Midtown Boulevard. Paving patterns may vary per block, but shall remain consistent between abutting properties. A 10' apron shall be provided abutting the buildings along the linear park to allow for clear and unobstructed pedestrian movement as well as restaurant seating. A 1.5' stepping verge shall separate the planter from the curb. Additionally, a I ' wide urban curb with a 1 ' wide valley gutter shall separate the stepping verge from the parking area. Light poles along this Midtown Boulevard shall be placed in the areas between planters, lined up with the row of palm trees.The light pole spacing shall be +1- 100' on center. Parallel Parking A continuous row of parallel parking spaces is recommended between the travel lane and the landscape verge area. Travel Lanes: The travel lanes for this road shall be I I' wide. Medians: There are no medians along this road. Awning Encroachments: Awnings are allowed to encroach up to 7' into the right-of-way. 12 SD 27.2: Design Standards North Miami Avenue (Note: Dimensional criteria may vary. Refer to Section 627. I for specific dimensional requirements.) Diagrams & Illustrations 4 " 41% ; 1 3 SD 27.2: Design Standards Intent North Miami Avenue (82' ROW) As one of the major perimeter street for the Buena Vista rail yards, North Miami Avenue shall have a seamless transition to the Wynwood neighborhood. Additionally, North Miami Avenue shall have a 9' arcade or an awning with a 9' setback, to create a pleasant pedestrian environment to attract activity into the neighborhood core. The North Miami Avenue median will create an effective connection for pedestrians walking from the Wynwood neighborhood. I. Street Types, 1: Primary Streets (continued) Guidelines Uses: The predominant use on North Miami Avenue is "big box"retail. Pedestrian Area: Sidewalks on North Miami Avenue shall have a mini- mum 5' walkable area. On the east side of the street, the parking/ landscape verge shall be 7' wide, on the west side the continuous land- scape verge shall be 5' wide. A 9' colonnade or a 9' building setback with an awning shall be incorporated into the design, starting at the ROW line, to provide adequate sidewalk space and shade. Large palms shall be planted along both sides of the street and in the median. The edge of all palms closest to the street must be setback 4' from the face of the curb as per County standards. On the east side of the street, the 7' by 5' planter areas shall be placed every two (2) parking spaces. A bed of shrubs with a maximum mature height of 2' shall cover the planter area around the palms. These shrubs shall have a good hearty characteristic. On the west side of the street, palms shall be planted to match the spacing on the east side with continuous 2' understory shrub bed. Parallel Parking A continuous row of parallel parking spaces with corner bulbouts is recommended between the travel lane and the land- scape verge area along the east side of the street. Standard type "F" curbs are recommended. The total width of the parallel parking area is 7'. A 2' wide valley gutter separates the parking area and the travel lane. Travel Lanes:The travel lanes for this road shall be 1 1' wide. Medians: The median width shall be 12' with a standard FDOT type "D" curb. Planting along the median shall consist of Roystonea elata placed a maximum of 25' on center. Ground level planting shall not overhang the curb. Pedestrian refuges and traffic rate bollards should be placed at all intersections. Bollards shall be spaced to meet ADA requirements. Awning Encroachments: Awnings are allowed to encroach up to 7' into the right-of-way. 14 SD 27.2: Design Standards NE 36th Street (Note: Dimensional criteria may vary. Refer to Section 6271 for specific dimensional requirements.) Diagrams & Illustrations: EE 1.4 r IEEt Sis`r',isr e• I5 SD 27.2: Design Standards Intent NE 36th Street (70' ROW) NE 36th Street shall have a seamless transition to the Design District. Consequently, the streetscape and building design shall incorporate several characteristics. of the existing conditions in order to achieve a good transition. Additionally, NE 36th Street shall have a 9' arcade or an awning with a 9' setback, to create a pleasant pedestrian environment that is consistent with the character of the retail corridor to attract activity into the core of the neighborhood. I. Street Types, I : Primary Streets (continued) Guidelines Uses: Active pedestrian uses such as retail, entertainment, office, edu- cational, and/or restaurant uses. Pedestrian Area: Following the FDOT plans, the north sidewalk will be set at 6' in wide with no landscaping. On the south side of the street, the pedestrian area shall be composed of a 6' wide landscape verge area, and a 4' wide, continuous sidewalk area. Abutting the 4' sidewalk area, a 9' colonnade or a 9' building setback with an awning shall be incorporated into the design to provide adequate sidewalk space and shade. Along the landscape verge, a 5' wide by 6' long planter with large palms.The recommended spacing for the palms is 25' on center. Travel Lanes: Travel lanes for this road shall be I I' wide. Medians: The FDOT will be placing medians where possible along the road. Large palms shall be placed in these medians and distanced +1- 25' on center where possible. A continuous shrub bed shall cover the median area where possible. Shrubs shall not spill over past the curbs into the travel lanes. Awning Encroachments: Awnings are allowed to encroach up to 7' into the right-of-way. 16 SD 27.2: Design Standards NE 29th Street (Note: Dimensional criteria may vary. Refer to Section 627./ for specific dimensional requirements.) Diagrams & Illustrations Pfro;;X- ,•, 4 .?..4...!V 54X -es ra•--..c. 4 4", '6, ;7 f • LL; a 17 SD 27.2: Design Standards Intent NE 29th Street (80' ROW) As one of the primary connection to Biscayne Boulevard, NE 29th Street shall lead seamlessly into the adjacent neighborhood. This shall be accomplished through building design and building facades particularly at the street level. This also includes on -street parking. Additionally, NE 29th Street shall have a 9' arcade or an awning with a 9' setback, to create a pleasant pedestrian environment that is consistent with the character of the retail corridor to attract activity into the core of the neighborhood. I. Street Types, 1: Primary Streets (continued) Guidelines Uses: Active pedestrian uses such as retail, office, educational, and/or restaurant uses. Pedestrian Area: The existing sidewalk width on the south side of the street will remain. On the north side of the street, the pedestrian area shall have a 5.5' landscape verge , and a 6' continuous sidewalk. Planters along the landscape verge shall measure 5.5' wide by 10' long. Shade trees are recommended to be planted 25' to 35' on center. A continu- ous shrub bed shall cover the planter area, and be no more than 2' in height at maturity. Abutting the 6' sidewalk area, a 9' colonnade or a 9' building setback with an awning shall be incorporated into the design to provide adequate sidewalk space and shade. Travel Lanes: Existing travel lanes for this road vary. Parallel Parldng An 8' wide parallel parking area shall be placed along the north side of the street between the landscape verge and the travel lane. Awning Encroachments: Awnings are allowed to encroach up to 7' into the right-of-way. I8 SD 27.2: Design Standards NE 31st and 32nd Street (Note: Dimensional criteria may vary. Refer to Section 6271 for specific dimensional requirements.) Diagrams & Illustrations `a )11 6 't!'"E'r•E'El ; ..... , ; : 1 , ' E ! E ! ! — . .. t;;;E,,44; • E • " • E- !it EsEr EEEE, . 4 19 SD 27.2: Design Standards Intent Secondary Streets link the retail corridors to the perimeter streets and help create an integrated grid system. As the support system of the neighborhood they create less intense activity in contrast to the intense nature of the retail corridors. 31 st and 32nd Streets (60' ROW) 31st and 32nd Streets, and NE Miami Court shall function as links to the activities between the two anchors on North Miami Avenue and Midtown Boulevard. Both streets shall draw pedestrians with neighborhood services. Detailed building facades at the street level also attract pedestrians. I. Street Types, 2: Secondary Streets Guidelines Uses: Active pedestrian uses such as retail, office, neighborhood retail, educational, and/or restaurant uses. Pedestrian Area: Sidewalks on 31 s' and 32nd Streets shall have a mini- mum 6' walkable area and a 4' continuous landscape verge. Planters along the landscape verge shall be 4' wide x 8' long. Small palms shall be planted within this area with shrubs covering the planter area mea- suring no more than 2' at maturity. The spacing for the palms are recommended to be 15' to 25' on center. A 1' wide urban curb with a I' wide gutter separates the pedestrian area form the parallel parking area. Parallel Parking Area: A row of parallel parking or small to medium truck loading area is recommended between the travel lane and the pedestrian area. This area shall be a total of 8' wide including the 2' valley gutter. Landscape bulbouts shall be placed every 2 parking spaces or +/- 40'. Shade trees with an understory shrub material shall be planted in these bulbouts. Travel Lanes: Travel lanes for these roads shall be 1 1' wide. Awning Encroachments: Awnings are allowed to encroach up to 7' into the right-of-way. 20 SD 27.2: Design Standards Buena Vista Avenue (Note: Dimensional criteria may vary. Refer to Section 6271 for specific dimensional requirements.) Diagrams & Illustrations• 2 I SD 27.2: Design Standards Intent Buena Vista Avenue (82' ROW) curbless street Buena Vista Avenue will be the main pedestrian zone can be closed to traffic for special events. It is located one block west off Midtown Boulevard adjacent to the public plaza. Truck traffic and deliveries are prohibited on Buena Vista Avenue. I!. Street Types, 2: Secondary Streets (continued) Guidelines Uses:Active pedestrian uses such as retail, office, neighborhood retail, and/or restaurant uses. Pedestrian Area: Sidewalks on Buena Vista Avenue shall have a 9' wide walkable area with a landscape verge. One Washingtonia ro- busta, with ground level planting shall be planted in each 5' x 12' raised planter. The planters shall be centered between every two parallel parking spaces with a 1' wide by 6" high curb. Each Washingtonia shall have a clear trunk, which matches the overall height of the shade trees along the corridor. Material for this area shall be brick, cobbled, or textured concrete pav- ers. Paving colors and patterns must be kept consistent throughout the corridor for continuity. Parallel Parking An 8' wide parallel parking area shall be separated, every two parking spaces by an 8' x 8' raised planter, rotated 45 de- grees, with a 1' wide x 6" high curb on all sides. This rotation will make it easier for cars to pull in and out of parking spaces. One Delonix regia is recommended in each planter with ground level planting around the base. Materials for this area shall match those of the pedestrian area. Ther- moplastic striping or paint shall not be used along this corridor. Road- way markings for the parallel parking shall be a white and yellow pavers embedded with reflective glass beads. Travel Lanes: The travel lanes for this road shall be 12' wide with materials that match the pedestrian and parallel parking areas for con- tinuity. All necessary vehicular striping shall be done with colored pav- ers embedded with reflective glass beads. Medians: A 16' wide median is recommended with alternating 12' wide x +/- 20' long raised planters spaced a maximum of 32' apart. In- between the planters, a flush pedestrian area shall match the rest of the street elevation and paving type. The planters shall have a 1.5 ` high x 1.5' wide seating wall wrapping it on all sides. This wail may be con- structed of natural stone or an alternative approved material and finish. Traffic rated bollards, spaced a maximum of 7' on center shall line the pedestrian area to prevent vehicular travel. A 2' wide coarse grained, verge shall be left clear of obstructions along the edge of each travel lane on either side of the median. This will provide a more definable separation between the travel lane and the pedestrian oriented median. Examples of such materials are:river rock, cobble stone, textured pavers. Such material shall be mortared set. Materials for the remainder of the median shall match those used in the rest of the street. Awning Encroachments: Awnings are allowed to encroach up to 7' 22 into the right-of-way. SD 27.2: Design Standards Height, Setbacks (Note: Dimensional criteria may vary. Refer to Section 627. i for specific dimensional requirements.) Diagrams & Illustrations Buena Viso Avenue (North of 34th) 34d1 Street {West of Midtown Booleoardi 36#r Street (West of Midtown Boulevard) Buena VeKti Aveme (South of 34th) Miami Avven&re Midtown Sonlevard iso+rth of 34011) 30th, 3 I € . 37r d. 33rd, 34th & 35th. (West of Midtown Boulevard) 24th Street 1West of Midwxn Boulevard]. 23 SD 27.2: Design Standards Intent Create a comfortable scale for the Buena Vista Yards neighborhood by balancing building heights, setbacks, and massing with street and sidewalk widths. Establish Midtown Boulevard and NE 34th Street as main streets using greater building heights and different setbacks. Emphasize designated gateways to Buena Vista Yards with increased building heights. I.1 Height: Utilize varying building heights and floor heights to achieve a comfortable pedestrian scale to enhance Buena Vista Yards as a vibrant, urban, community. Building heights help to achieve this environment by enclosing a space to reinforce an urban neighborhood character. 1.2 Setbacks: Enforce building setbacks that respond to the street width and the building height to create outdoor rooms for a variety of outdoor spaces. III. Design Standards, l: Building Scale Standards 1.1 Height Taller buildings are permitted at intersections that have been desig- nated as gateways in the 27.2 District ordinance. Additionally, buildings must have a mix of uses to achieve greater height. 1.2 Setbacks The purpose of the setback is to maintain a sense of scale at the ground floor, while accommodating height. Buildings "step-up" to the FEC corridor, towards the water, and "step-down" towards the lower residential neighborhood to the west. There are additional opportuni- ties for height along NE 36th Street, abutting the Design District. 24 SD 27.2: Design Standards Diagrams & Illustrations 25 SD 27.2: Design Standards Intent Building facades shall be richly detailed and varied for visual interest, and to encourage activity. 2.1 Materials: Reinforce the human scale at the street level with facades of varied building materials and appropriately scaled material modules. 2.2 Fenestration: Emphasize street level windows for visibility to pedestrian activity. 2.3 Scaling Elements: Encourage using varied architectural elements on the lower levels of building facades for visual interest. Avoid undifferentiated blank walls. Use multiple repetitive features to create an architectural rhythm. III. Design Standards, 2: Building Facade Standards 2.1 Materials For small scale retail building facades and large, uninterrupted volumes of retail in SD 27.2, at least three different materials shall be used in each building elevation in addition to some surface relief. Creative and innovative high quality building materials are encouraged. This includes metals, perforated materials, glass, and architectural con- crete. Reflective glass as a complete surface is discouraged. Faux treatments in lieu of the intended material is discouraged. 2.2 Fenestration Street level building facades shall be pierced by single and double height windows or general access entrance or doorways to encourage browsing and window shopping. For the first ten (10) feet of height above the public sidewalk elevation, the exterior building wall shall contain win- dows and/or doorways of transparent glass covering at least fifty (50) percent of the linear frontage of the building (to be measured at least thirty inches above the sidewalk). Additionally, the base of all transpar- ent openings shall be no more than thirty (30) inches above the side- walk. The individual panes may be composed of smaller vertical elements. To reduce visual barriers between interior and exterior spaces street level windows shall be transparent with no reflectivity. Similarly, store- front and display windows shall not be filled in or blocked in any way. Street level restaurants are encouraged to use operable windows and doors which can allow them to open out onto the sidewalks in good weather. 2.3 Scaling Elements Large, blank surfaces and non -modular panels, such as concrete panels and stucco, are discouraged unless they have a compelling design pur- pose. This is especially true at the ground floor level which requires additional detail and visual amenities. Repeating elements, such as pilasters, vertical reveals, and other three dimensional details shall be strongest at the street level. They may include repetition of storefront details or consistent sign design. For large commercial buildings in SD 27.2 at least one architectural element shall be repeated to minimize the facade's scale. This could be a material module change, a change in facade plane of at least 6", use of an architectural ornament, recessed glazing, vertical banding, and/or groupings of windows. 2.3 Scaling Elements (cont.) Avoid repetitive scaling elements that are monotonous and oppressive. 26 SD 27.2: Design Standards Diagrams & Illustrations; 27 SD 27.2: Design Standards Intent 2.4 Building Continuity: Require that building design and architectural features maintain continuity. 2.5 Shadows: Use texture and relief in building facades to create shadow and to augment building detail and changes in building planes. 2.6 Awnings, Arcades, and Colonnades: Incorporate awnings and arcades into facade design to provide shade, rich materials, and color. III. Design Standards, 2: Building Facade (continued) Standards For example, grids of repeated windows are discouraged. Facades on primary streets shall be divided into three horizontal seg- ments:a base, middle and top. When required setbacks do not differen- tiate these segments, architectural elements shall be used such as hori- zontal elements on the ground floor. 2.4 Building Continuity All sides of a structure shall be continuous in design. No side shall be unimproved. Therefore, all architectural details, such as roof lines and parapets shall continue around all sides of a structure. Similarly, false architectural features and structures are discouraged unless they are integral to the buildings's design. 2.5 Shadows Changes in plane around windows and entrances are encouraged to highlight building openings and access points for pedestrians. 2.6 Awnings, Arcades, and Colonnades Awnings or arcades shall be used to enhance building facades and store- fronts with color and dimension and to provide shade for browsing and cafe seating. Different awnings shall be used for various storefronts to avoid a ho- mogeneous appearance including free or fixed valances, open or closed sided, and open -sided with a valance drop. Creative uses of materials is encouraged. Awnings shall be generally consistent in height and depth to create a canopy of shade. 28 SD 27.2: Design Standards Diagrams & Illustrations yr. 29 SD 27.2: Design Standards Intent Storefronts and entrances shall be articulated differently to create an interplay between the public and private realms and between interior and exterior activities. Similarly, facade designs shall reflect a building's interior activities and spatial arrangements. Therefore, false building fronts that obscure the internal scale and function of buildings are discouraged. 3.1 Entrances: Emphasize street level entries for a legible hierarchy in building facades. 3.2 Storefronts: Establish an individual identity for each storefront. Visually connect interior and exterior activities . along the street. III. Design Standards, 3:Articulation Standards 3.1 Entrances Entries shall be articulated with different building materials, changes in building massing, or changes in the roof line that break the facade's regulated surface. This creates a facade hierarchy that articulates en- trances. Similarly, entrances shall be setback from the primary building frontage at least 6". Enhanced lighting and signage shall also be incorporated in entry de- signs. Corner entrances shall be designed to address street corners. This may include additional building mass, distinctive architectural elements, different building materials, changes in building planes, and changes in building shape. Large banks of glass doors at main entrances shall be used to interrupt blank expanses of building facades. 3.2 Storefronts Storefront windows shall be at least I D' high and shall be similar in proportion to display windows. Window sills shall be close to the building base, proportional to pedestrians. The storefront frame shall be setback from the building facade be- tween 6" and 1 2" to create depth and shadow. Entrances shall be recessed in storefronts or highlighted within the storefront. Window displays shall be simple and focused and shall not obstruct views into the store. 30 SD 27.2: Design Standards Diagrams & Illustrations 31 SD 27.2: Design Standards Intent To maintain architectural consistency, unattractive functional features shall be screened and/or separated from primary visual corridors and pedestrian zones. 4.1 Shutters: Prohibit security shutters which obstruct pedestrians' views into storefronts and display windows. 111. Design Standards, 4: Building Functionality Standards 4.1 Shutters Impact glass in lieu of hurricane shutters is recommended for ground floor uses. If shutters are used, they should be concealed from public view. Opaque security shutters will not be permitted in this district. Rather, transparent, security grills shall be utilized to maintain transparency when stores are closed. This will enable window shopping and activate the street during non -business hours. 32 SD 27.2: Design Standards Diagrams & Illustrations; 33 SD 27.2: Design Standards Intent 5.1 Architectural Lighting: Use architectural lighting to highlight landscaping, signage, and special architectural features. 5.2 Storefront Lighting: Use lighting in store windows to encourage window shopping and other evening activities when stores are typically closed. III. Design Standards, 5: Lighting Standards 5.1 Architectural Lighting Light buildings at night to create shadows and depth and highlight im- portant architectural elements and building materials such as colored glass and perforated metal. Whenever possible, light second story windows to imply human pres- ence and counter the appearance of desertion. Use decorative lighting to illuminate signs and uplighting to illuminate landscaping. Glare shields should be used to reduce light spillover into pedestrian and vehicular areas. Use sconces and other architectural lighting to illuminate building en- trances with warm light. 5.2 Storefront Lighting Illuminate signs, entrances, window displays and interiors at varying lev- els of brightness. 34 SD 27.2: Design Standards Diagrams & Illustrations 35 SD 27.2: Design Standards III. Design Standards, 6: Signage (Reserved) Intent Standards Reserved Reserved 36 SD 27.2: Design Standards Intent Reserved III. Design Standards, 6: Signage (Reserved) Standards Reserved 37 SD 27.2: Design Standards Diagrams & Illustrations 38 SD 27.2: Design Standards Intent Roof tops and building tops shall be attractive from the street level and from residential tower heights. 7.1 Building Tops: Use distinctive building tops to identify the area as midtown Miami. 7.2 Garage Roof: Conceal roof top parking. 7.3 Roof Tops: Rooftops shall be attractive and shall be treated as part of the building facade. III. Design Standards, 7: Building Tops & Roof Tops Standards SD 27.1 7.1 Building Tops Residential towers shall have distinctive building tops or finials whenever possible. 7.2 Parking Garage Roof Uncovered parking garage roofs shall be concealed with creative, col- ored surfaces and landscaping. 7.3 Roof Tops All roof top equipment must be concealed. Green roofs or roof tops planted with heat tolerant, low maintenance cultivated plant life are strongly encouraged. Recreational uses are encouraged on roof tops. 39 SD 27.2: Design Standards IV. Definitions Arcade:An architectural element composed of arches, evenly spaced in a continuous row that forms a semi -enclosed corridor. It provides continuous shade for the pedestrian. Awnings: An element attached to the building facade, which provides shade at ground level. Bulb out: A pedestrian area typically located at street intersections, which provide for additional pedestrian space and shortens crossing distances. Colonnade: An architectural element composed of evenly spaced columns in a continuous row, providing a continuous semi -enclosed corridor. Commercial Use:All permitted uses as listed in the C-1 zoning classification as identified in the SD27 Overlay District ordinance. Encroachments: Any element that crosses the right-of-way from a private development into public property is said to be "encroaching into the public right-of-way". Landscape Verge: An area dedicated for planting. This can be a continuous strip, parallel to the travel lane, or alternating between tree pits and hardscape. Liner Uses Storefronts and building fronts that conceal a larger use from view such as a parking garage. Mews:A narrow street lined on both sides by townhouse and loft -style units. Pedestrian Area: The area within the public right-of-way primarily dedicated for pedestrian use. This area may contain a sidewalk, landscape verge, and outdoor seating spaces. Pedestrian Refuge: The space located within the medians of the streets that protects the pedestrian from vehicular traffic. This is used in streets with multiple lanes of traffic in both directions. Parallel Parking Area: The area within the streetscape designated primarily for vehicular parking parallel to the direction of traffic. At the intersections, these areas may be converted to pedestrian spaces called "bulb outs" to shorten the crossing distance for pedestrians. Right-of-way: The line marking the boundary between the public domain and the private domain. Setback:An establish physical separation between the face of a building and the right-of-way. Stepping Verge: An area between the curb and a landscape verge, which serves for people to step out of their parked cars onto the sidewalk. Travel Lane:The area of the streetscape dedicated solely for vehicular travel. Tree Pit:An open area upon which a tree and/ or shrubs are planted within the streetscape. Uplight Decorative lighting used to accentuate certain architectural features and/ or landscaping. Walkable Area: An area dedicated for uninterrupted pedestrian traffic. 40