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HomeMy WebLinkAboutSummary FormPH.9 ,, or Date: 12/5/2007 AGENDA ITEM SUMMARY FORM FILE, Ili: 61-c) /Lj rq Requesting Department: Manager Commission Meeting Date: ///o/Q /79. DistrictImpacted: City Wide Type: ® Resolution n Ordinance n Emergency Ordinance n Discussion item ❑ Other Subject: Development Agreement with Jai -Alai Parimutuel Purpose of Item: The proposed Development Agreement contemplates the development/redevelopment of a parimutuel facility, with associated gaming, and other permitted commercial uses, building intensities and heights in accordance with the City of Miami C-2 zoning district regulations, which are a floor area ratio of 1.72 times the gross lot area and a height of one hundred twenty (1.20) feet or ten (1.0) stories, whichever is less, except as otherwise provided by law. Background Information: The purpose of this agreement is for the City to be able to control the development rights for the above property, as well as establish existing zoning districts, annual income to the City for the next 20 years and have an employment policy in place that will give preferences to residents of the City of Miami. Budget Impact Analysis YES te this i `zm e f+..7fl ^bi}e?_ Jo: liv4a try.i .i wr<in J %.�'�..1�4� [)W v3w. General Account No: Special Revenue Account No: C'lP Project No: NO Is this item funded by Homeland Defense/Neighborhood Improventent Bonds? Start Up Capital Cost: Maintenance Cost: Total Fiscal Impact: Final Approvals (SIGN AND DATE) Budget If using or reccnring cainlal funds Grants Risk Management Purchasing Dept. Director Chief \ ey` -1L ��fcCJ'rrJ City Manager Page i of