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File ID: #1392
Resolution
Sponsored by: Commissioner Francis Suarez
TO BE WITHDRAWN
City of Miami
Legislation
Resolution
City Hall
3500 Pan American Drive
Miami, FL 33133
www.miamigov.com
File Number: 1392 Final Action Date:6/22/2017
TO BE WITHDRAWN
A RESOLUTION OF THE MIAMI CITY COMMISSION DIRECTING THE CITY MANAGER TO
UPDATE THE CASH CONTRIBUTION AMOUNT FOR PAYMENT INTO THE MIAMI 21
PUBLIC BENEFITS TRUST FUND IN EXCHANGE FOR BONUS HEIGHT/FLOOR LOT RATIO
AND PERIODICALLY UPDATE SAID AMOUNT THEREAFTER CONSISTENT WITH THE
PROVISIONS OF SECTION 3.14.4(A)(3) OF ORDINANCE NO. 13114, THE ZONING
ORDINANCE OF THE CITY OF MIAMI, FLORIDA, AS AMENDED.
WHEREAS, on October 22, 2009, Ordinance No. 13114, the Zoning Ordinance of the
City of Miami, Florida ("Miami 21 Code") was adopted as the City of Miami's ("City") Zoning
Ordinance; and
WHEREAS, Section 3.14 of the Miami 21 Code allows for development projects to
obtain Bonus Capacity Height ("Bonus Height") and Floor Lot Ratio ("FLR") in certain transect
zones in exchange for the developer's contribution to specified programs that provide benefits to
the public ("Public Benefits Program"); and
WHEREAS, one way a developer may obtain Bonus Height and FLR through the Public
Benefits Program is by making a cash contribution to the Public Benefits Program to further
assist in the creation of affordable/workforce housing; and
WHEREAS, Section 3.14.4(a)(3) of the Miami 21 Code provides "the cash contribution
shall be determined based on a percentage of the market value of the per square foot price
being charged for units at projects within the market area where the proposed project seeking
the bonus is located. The calculation assumes a land value per saleable or rentable square foot
within market area to equate to between 10 (ten) to 15 (fifteen) percent of market area's
weighted average sales price per square foot"; and
WHEREAS, Section 3.14.4(a)(3) of the Miami 21 Code requires that "the cash
contributions shall be adjusted on an annual basis to reflect market conditions effective October
1st of every year"; and
WHEREAS, it is in the best interest of the City to have the most up to date market
information related to the aforementioned provision of the Miami 21 Code to ensure ease of use
by developers seeking Bonus Height and FLR by making cash contributions that further the
City's goal of additional affordable/workforce housing;
NOW, THEREFORE, BE IT RESOLVED BY THE COMMISSION OF THE CITY OF
MIAMI, FLORIDA:
Section 1. The recitals and findings contained in the Preamble to this Resolution are
adopted by reference and incorporated as if fully set forth in this Section.
Section 2. The City Manager is directed to update the cash contribution amount for
payment into the Miami 21 Public Benefits Trust Fund in exchange for Bonus Height/FLR and
periodically update said amount thereafter consistent with the provisions of Section 3.14.4(a)(3)
of the Miami 21 Code.
Section 3. This Resolution shall become effective immediately upon its adoption and
signature of the Mayor.
APPROVED AS TO FORM AND CORRECTNESS:
ndez, City Httor
ey ) 4/28/2017
1 If the Mayor does not sign this Resolution, it shall become effective at the end of ten (10) calendar days
from the date it was passed and adopted. If the Mayor vetoes this Resolution, it shall become effective
immediately upon override of the veto by the City Commission.