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500-700 TC-C OrdinanceTC-C Ordinance 1. Timing / Effective Date 2. Public Benefit Payment 3. Height Waiver Proposed Timing Public Benefit Effective Date — March 2019 18 Months Thereafter to Obtain Full Building Permit Additional Tolling to Account for Outside Agencies and Third Party Delays “Best Case” Approval Timeline for Development Surveying, Initial Plan Development Development Board Approval Appeal Period Building Permit Plan Preparation Building Permit Plan Review “Best Case” Approval Timeline for Development 19 Months “Real World” Approval Timeline for Development Building Permit Plan Review — Subject to Delays from Non-City Agencies, FPL, etc. Can Easily Extend Permit Review to Over a Year 24 Months Outside Agencies/Review: FDOT FPL DERM County Traffic and Signals LEED Review Additional Tolling Language The time to obtain a full building permit under this provision may be extended by the Director when the permit could not issue due to causes beyond the reasonable control of the developer, including, but not limited to, appeals or other judicial or administrative challenges relating to approvals for the development, force majeure, or other extenuating circumstances. Public Benefit Fees •Voters Granted North Beach Largest FAR in City •Will Now Have Most Significant Setbacks and Tower Limits in City •Only Reasonable Way to Capture FAR is by Going Higher than 125 feet Public Benefit Fees •Other Areas Obtained Additional Height •No Other Area Has Be Required to Pay for It Maximum Building Height 45,000 and larger — up to 200 feet with Public Benefits Area North of 71 Street Maximum Building Height — North of 71 Street Greatest Opportunity for Aggregation Limited Impact on Residential Neighbors Proposed Design Review Board Height Waiver •Up to 20 Feet •Sites 50,000 square feet or Larger •North of 71 Street Only TC-C Ordinance