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<br />public access to the oceanfront, is a policy objective of the adopted City of Sunny <br />Isles Beach Comprehensive Plan. A bonus of 0.05 increase in the F.AR. shall be <br />granted for each "participation unit" contributed to the capital improvement fund <br />designated for beach enhancements up to a maximum additional 0.20 F.AR. <br />bonus. A " participation unit" for the purpose of the public parking trust fund <br />bonus shall be equal to $35.000 and may be adjusted from time to time by the <br />City Commission pursuant to a recommendation by the City Manager. $14,000 <br />adjusted anooally based on the consumer price inBex, maltipliea by the total <br />number of acr-es contained in the sebject pai"-eel. <br /> <br />Section 3. <br /> <br />Amendment to Section 265-36. <br /> <br />Site development standards. <br /> <br />(1) Floor area ratio. Except as provided herein below, the maximum floor <br />area ratio shall be 2.0 for all uses. The floor area ratio may be increased <br />only in accordance with the following bonus provisions and limitations <br />and in accordance with the following bonus provisions and limitations and <br />in accordance with the adopted Sunny Isles Beach Comprehensive Plan. <br /> <br />(b) Sunny Isles public parking bonus. The floor area ratios shall be <br />increased for developments that participate in the City's Beach Public <br />Parking Trust Fund as established and administered by the City for the <br />purposes of implementing capital improvements for public parking. <br />Public parking resources in particular, west of Collins Avenue, as a <br />component of infrastructure improvements to facilitate public access to <br />the oceanfront, is a policy objective of the adopted City of Sunny Isles <br />Beach Comprehensive Plan. A bonus of 0.05 increase in the F.AR. <br />shall be granted for each "participation unit" contributed to the capital <br />improvement fund designated for beach enhancements up to a <br />maximum additional 0.25 F.AR. bonus. A "participation unit" for the <br />purpose of the public parking trust fund bonus shall be equal to $ <br />35.000 and may be adjusted from time to time by the City Commission <br />pursuant to a recommendation by the City Manager. $14,000 a6jl:lsted <br />annually based on the consumer price iBdex maltipliea by the total <br />number of acr-es contained in the subject pai"eel. <br /> <br />(c) Collins A venue/Sunny Isles Boulevard public streetscape <br />enhancement bonus. The floor area ratio shall be increased for <br />developments that participate in the City's Public Streetscape <br />Enhancement Trust Fund as established and administered by the City <br />for the purposes of implementing capital improvements. A bonus of <br />0.05 increase in the F.AR. shall be granted for each participation unit <br />contributed to the capital improvement trust fund designated for beach <br />enhancements up to maximum additional 0.30 F.AR. bonus. A " <br />participation unit" for the purpose of the streetscape enhancement <br /> <br />Ordinance Amending Sections 265-34, 35, and 36 <br /> <br />3 <br /> <br />Words underlined are added, words stfiekeft are deleted. <br />