R5I - Comp Plan for Hotel to Res R-ps4

Voter Enacted Incentive For Replacing Transient Uses In R-ps4 District - Comprehensive Plan Amendment An Ordinance Of The Mayor And City Commission Of The City Of Miami Beach, Florida, Amending The City Of Miami Beach Year 2040 Comprehensive Plan, Pursuant To The Expedited State Review Process Of Section 163.3184(3), Florida Statutes, By Amending The "resilient Land Use & Development Element," Goal Rlu 1, Entitled "land Use," Objective Rlu 1.1, Entitled "establishment Of Future Land Use Categories," At Table Rlu 1.1 And Policy 1.1.25, Entitled "high Density Residential Performance Standard (r-ps-4)," By Creating Voluntary Development Incentives, Including An Increase To The Maximum Allowable Floor Area Ra Tio ("far"), Not To Exceed 0.75 Far, For The Redevelopment Of Hotels, In The R-ps-4 Future Land Use Category, Into Residential Use, Subject To The Property Owner First Recording A Covenant Prohibiting Short-term Rentals On The Property; And Providing For Codification, Repealer, Severability, Transmittal And An Effective Date.