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Staff Report and Business Impact Statement
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Purpose:
The proposed Ordinance is a text amendment to the City of Miami Zoning
Code of Ordinances. The purpose is to introduce a Greenway Public Benefits
program, allowing developers within a half mile of a designated Greenway to
provide greenways or cash contributions in exchange for building height and
Floor Area. Cash contributions are to be used towards the construction,
improvements, and/or maintenance of existing and future Greenways. The
amendments also introduce new Greenway Standards, requiring sites fronting
a Greenway to construct the adjacent Greenway, and providing for design
standards for said developments fronting a Greenway.
Estimated Direct Economic Impact:
• The proposed amendments are expected to improve economic
development by generating revenue into the City of Miami greenway
network, increasing property values along greenways, and boosting
tourism and recreation spending by creating active green spaces.
• Under the proposed amendment, properties fronting a designated
Greenway corridor will be required to construct the adjacent Greenway
which incurs an additional cost to the Developer. However, the
Developer has the option to opt -out if the required greenway
construction is not financially feasible.
Estimated Number of Businesses to be Impacted:
The new greenway construction requirement applies to all Transect Zones,
except T3 and T4-0, impacting approximately 1,000 properties in the City.
The Greenway Public Benefits program applies to eligible D1, T5-0 and T6
Transect Zones, impacting approximately 6,400 properties that may may utilize
the updated regulatory provisions.
Additional Information:
This amendment is essential to promote development along green corridors,
provide safe connectivity and conveyance through the city, and invest into the
growth and development of the city's Greenways.
Recommendation: Approval