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HomeMy WebLinkAboutSummary FormPH.13 AGENDA ITEM SUMMARY FORM FILE ID: £ -7 - 6 / L0 / Date: 12/5/2007 Commission Meeting Date: 12/13/2007 Requesting Department: Manager District Impacted: 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 len (10) 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 !.is it m related rPVPr)le? `C, t itC..t an expenditure? if sc 5, sm ,• M'& b d: l!g s,ourc E I1`$,'�4.;:V"t General Account No: Special Revenue Account No: CIP Project No: NO Is this item funded by Homeland Defense/Neighborhood Improvement Bonds? Start Up Capital Cost: Maintenance Cost: Total Fiscal Impact: CII' If using or receiving capita( funds Grants Final Approvals (SIGN AND DATE) Budget Purchasing Chief Risk Management Dept. Director c--\/izoizt? City Manager Page 1 of !