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Planning Department
Staff Report and Business Impact Statement
Purpose:
The proposed Ordinance is an amendment to the Code of the City of Miami,
Florida. In coordination with a companion legislation to introduce a Greenways
Public Benefits program and requirements for sites fronting a Greenway, this
amendment to the City Code will update the Parks and Open Space Trust Fund
to provide for the expenditure and allocation process for funds collected from
developments participating in the Greenway Public Benefits Program or
developments providing cash payment in lieu of the required Greenway
construction. The proposed updates ensure that the contributions collected
from said developments near a Greenway will be allocated towards
construction, maintenance, improvements, operations, and/or design costs of
existing and future Greenways.
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.
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