Resolution Zoning 15-Z-156 - Laserfiche WebLink

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13. No building permits shall be issued (except for demolition and sales trailers) unless the Applicant has submitted all documents referred to under this approval and shall have paid all impact fees, bonuses, and Transfer of Development Rights (if applicable), professional fees (as per Section 265-11 and such other applicable Land Development Regulations) due to the City. 14. That Applicant shall obtain concurrency review approval from Miami-Dade County School Board. 15. That the Applicant must present evidence of performance to the Community Development Department of the obligation required to qualify for the Floor Area Ratio bonus. In the event that the Applicant has done so and prior to issuance of the Certificate of Occupancy the Applicant shall acquire the following floor area ratio bonuses: a) Beach Access Trust Fund 0.20 FAR $ 1,358,208 b) Beach Access Easement 0.10 FAR $ 0.00 (*) c) Public Beach Rec. Enhancement 0.60 FAR $ 4,074,624 d) Collins Ave Streetscape 0.60 FAR $ 4,074,624 e) Sunny Isles Public Parking 0.20 FAR $ 1,358,208 0 Public Recreational Open Space 0.20 FAR $ 0.00 (*) g) Educational and Cultural 0.20 FAR $ 1,358,208 The FAR bonus program consists of participation units, which in this case are equal to 36 participation bonus units (where each participation unit has a value of 0.05 FAR). In detail, the bonus formula is the lot size (acres), times the participation units, times the price of the participation unit, for this case is as follows: • 4.716 (acres) x 36 (participation units) x $72,000 (price tag/participation unit) = $12,223,872 The total contribution for all Floor Area Ratio bonuses for the development is $12,223,872 for a total increase in floor area ratio of 2.1 for a floor area ratio of 4.6. The Applicant shall provide the City with a non-refundable deposit in the amount of ten percent (10%) of the approved purchased price of $12,223,872 for the FAR bonuses acquired from the City. The total amount of the deposit is $1,222,390. Failure to pay the required deposit within the three (3) working days of approval of the site plan application shall result in an automatic voiding of the City Commission site plan approval. 16. That the Applicant shall pay all fees related to the review of the application described herein and shall have paid all other fees due to the City. 17. That the applicant shall submit evidence of purchase subject of the required 283,485 square feet and 120 dwelling units of Transfer Development Rights (TDRs). That the Applicant provides the City with a non-refundable deposit in the amount of ten percent (10%) of the approved purchased price of $35,435,625 for the Transfer Development Rights (TDRs) 15-Z- 18801 Collins Avenue 6