R5J - Ldr for Hotel to Res R-ps4

Voter Enacted Incentive For Replacing Transient Uses In R-ps4 District - Ldr Amendment An Ordinance Of The Mayor And City Commission Of The City Of Miami Beach, Florida, Amending The Land Development Regulations Of The Code Of The City Of Miami Beach, By Amending Chapter 142, "zoning Districts And Regulations," Article 11, "district Regulations," Division 18, "ps Performance Standard District," Amending Section 142-696, "residential Performance Standard Area Requirements," By Amending The Maximum Allowable Floor Area Ratio ("far") For The R-ps4 Zoning District To Incentivize The Redevelopment Or Conversion Of Hotels Into Residential Structures, By Allowing Such Properties To Retain Or Reconstruct Nonconforming Far If The Owner Voluntarily Proffers A Restrictive Covenant Running With The Land That Short-term Rentals Shall Not Be Permitted On The Property; And Providing For Codification, Repealer, Severability, And An Effective Date.