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<br />designated for beach enhancements up to a maximum additional 0.50 <br />F.A.R. bonus. A participation unit, for the purpose of the beach <br />recreational enhancement bonus, shall be equal to $72,000 and may be <br />adjusted from time to time by the City Commission pursuant to a <br />recommendation by the City Manager. The cost of a participation unit <br />shall be determined by the amount of participation units purchased at the <br />unit price multiplied by the total number of acres contained in the subiect <br />parcel. Additionally, the City Manager and/or his designee shall review <br />the bonus participation unit price set forth herein every two years. <br /> <br />[3] Collins Avenue public streetscape enhancements bonus. The floor area <br />ratio shall be increased for developments that participate in the City's <br />Collins A venue Streetscape Enhancements Trust Fund as established and <br />administered by the City for the purposes of implementing capital <br />improvements. Public streetscape improvements and pedestrian system <br />design and safety enhancements for Collins Avenue are policy objectives <br />of the adopted City of Sunny Isles Beach Comprehensive Plan. A bonus of <br />0.05 increase in the F.A.R. shall be granted for each participation unit <br />contributed to the capital improvement fund designated for beach <br />enhancements up to a maximum additional 0.30 F.A.R. bonus. A <br />participation unit, for the purpose of the Collins Avenue streetscape <br />enhancement bonus, shall be equal to $72,000 and may be adjusted from <br />time to time by the City Commission pursuant to a recommendation by the <br />City Manager. The cost of a participation unit shall be determined by the <br />amount of participation units purchased at the unit price multiplied by the <br />total number of acres contained in the subiect parcel. Additionally, the <br />City Manager and/or his designee shall review the bonus participation unit <br />price set forth herein every two years. <br /> <br />[4] Sunny Isles Beach public parking bonus. The floor area ratio 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. Public <br />parking resources, in particular, west of Collins Avenue, as a component <br />of infrastructure improvements to facilitate public access to the <br />oceanfront, is a policy objective of the adopted City of Sunny Isles Beach <br />Comprehensive Plan. A bonus of 0.05 increase in the F.A.R. shall be <br />granted for each participation unit contributed to the capital improvement <br />fund designated for beach enhancements up to a maximum additional 0.20 <br />F.A.R. bonus. A participation unit, for the purpose of the public parking <br />trust fund bonus, shall be equal to $72,000 and may be adjusted from time <br />to time by the City Commission pursuant to a recommendation by the City <br />Manager. The cost of a participation unit shall be determined by the <br />amount of participation units purchased at the unit price multiplied by the <br />total number of acres contained in the subiect parcel. Additionally, the <br /> <br />Ordinance Amending Sections 265-34, 35, 36 and 38 <br /> <br />3 <br /> <br />Words underlined are added, words ~ are deleted. <br />