R5Z - Faena Far Preservation Incentive

FAENA DISTRICT OVERLAY FAR PRESERVATION INCENTIVE – 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 SET FORTH IN SECTION 163.3184(3), FLORIDA STATUTES, BY AMENDING GOAL RLU 1, ENTITLED “RESILIENT LAND USE AND DEVELOPMENT,” OBJECTIVE RLU 1.1, ENTITLED “ESTABLISHMENT OF FUTURE LAND USE CATEGORIES,” POLICY 1.1.7, ENTITLED “HIGH DENSITY MULTI FAMILY RESIDENTIAL (RM-3),” TO ESTABLISH A 5,000-SQUARE-FOOT FLOOR-AREA RATIO (“FAR”) BONUS FOR THE RM-3 LAND USE CATEGORY FOR OCEANFRONT PROPERTIES WITHIN THE FAENA OVERLAY DISTRICT THAT CONTAIN A CONTRIBUTING HISTORIC STRUCTURE; AND PROVIDING FOR INCLUSION IN THE COMPREHENSIVE PLAN, TRANSMITTAL, REPEALER, SEVERABILITY, AND AN EFFECTIVE DATE.