HomeMy WebLinkAboutBack-Up DocumentsBusiness Impact Estimate: Adding to existing Chapter 10/Article IV2/Article IX
code registration for structures three stories or higher a nonrefundable annual
fee of @0.30 per square.
1. Summary of the Proposed Ordinance
This ordinance proposes a registration program for owners of blighted, unsecured,
vacant, or abandoned structures within the City of Miami.
The purpose is to:
• Address the public health, safety, and welfare concerns associated with vacant and
abandoned properties.
• Reduce blight within the community.
• Offset the additional costs incurred by the City in dealing with vacant and abandoned
properties, such as increased waste removal, nuisance abatement, and crime
prevention.
2. Estimated Revenues and Costs
a. Estimated Revenues
Businesses that own blighted, unsecured, vacant, or abandoned properties will be
subject to annual registration fees. The registration fees are intended to cover the
City's regulatory costs associated with the program.
The fee schedule is:
Current Fees:
• Year 1: $262.50
• Year 2: $394.00
• Year 3 and beyond: $525.00
New Charges or Fees:
• Additional fee of $0.30 per square foot for structures exceeding
three stories (non-refundable)
b. Estimated Direct/Indirect Compliance Cost
• Program administration (staffing, Operating, etc.).
Code Compliance (1,352 hours) $122,500
Police Heat Team $300,000
Homeless $39,926
Total Direct Cost $462,426
• Indirect Cost rate (Administrative cost) $126,242
Square Footage 2,207,901
Per Square footage(Cents) 0.30
Estimated Revenue 662,370
Estimated Cost
Code (1,352 hours) 122,500
Police Heat Team 300,000
Homeless 39,926
Total Direct Cost 462,426
Indirect Cost rate (Administrative cost) 27.30% 126,242
Total Cost 588,668
3. Economic Impact on Businesses
Based on staff analysis there are 64 businesses that will be impacted, with a total
square footage of 2,207,901.
An average cost to a business that is vacant, blighted, unsecured and abandoned:
Number of Businesses Being Impacted 64
Average Square footage 34,498.45
Fee per square footage (cents) 0.30
Total $10,349.54
4. Additional Information
• This ordinance is intended to incentivize property owners to maintain their
vacant or abandoned properties or take steps towards their productive reuse.
• The City may explore offering incentives or programs to assist property owners
in bringing these structures into compliance.
• Public education and outreach will be crucial to inform property owners about
the ordinance and its requirements.
Please note: This is a preliminary business impact estimate based on the information
provided. The final estimate may be subject to change as the ordinance is further
developed and finalized.