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Resolution 2019-30665 RESOLUTION NO. 2019-30665 A RESOLUTION OF THE MAYOR AND CITY COMMISSION OF THE CITY OF MIAMI BEACH, FLORIDA, ACCEPTING THE RECOMMENDATION OF THE FINANCE AND CITYWIDE PROJECTS COMMITTEE, AND APPROVING THE DESIGN AND CONSTRUCTION OF A PROPOSED MIXED-USE PARKING GARAGE AT THE CITY'S "P16" SURFACE PARKING LOT LOCATED AT 1262 COLLINS AVENUE, TO INCLUDE: (1) WORKFORCE HOUSING ON THE TOP TWO (2) FLOORS, WITH A MINIMUM OF FIFTY (50) UNITS; (2) APPROXIMATELY 4500 SQUARE FEET OF GROUND FLOOR RETAIL; AND A PARKING GARAGE WITH UP TO 158 PARKING SPACES. WHEREAS, workforce housing is affordable housing directed at individuals and their families employed in the area's local workforce; and WHEREAS, occupants of workforce housing expend no more than 30% of household income on housing costs for utilities and rent/ mortgage for their residence; and WHEREAS, in 2014, the Mayor and City Commission identified Ensuring Workforce Housing for Key Industry Workers as one of the City's Key Intended Outcomes (KIO); subsequently, the Administration has been working on exploring workforce housing options; and WHEREAS, the construction of a parking garage at the City's P16 Surface Parking Lot, located at 1262 Collins Avenue, was approved in the FY 2015-16 Capital Budget as part of the City's initiative to expand municipal parking garages; and WHEREAS, the current"P16" surface parking lot contains fifty three (53) parking spaces; and WHEREAS, at its April 2016 Commission meeting, the Mayor and City Commission accepted the recommendation of the Finance and Citywide Projects Committee (FCWPC), and directed the Administration to pursue new garage developments that included the incorporation of workforce housing (via Resolution No. 2016-29355); and WHEREAS, subsequently, in June 2016, the Mayor and City Commission adopted Resolution No. 2016-29425, authorizing the City to enter into negotiations with Desman, Inc. for Architectural and Engineering Design Criteria Professional Services for mixed use parking garages; and WHEREAS, Desman, Inc. was tasked in preparing the Design Criteria Package (DCP) that will be provided to the Design Build contractor for design development and subsequent construction of a new parking garage; and WHEREAS, the proposed parking garage will be constructed at the southwest corner of the intersection of 13th Street and Collins Avenue; and WHEREAS, on numerous occasions,the Mayor and City Commission have discussed the need to promote greater workforce/affordable housing, as highlighted at its Workforce/Affordable Housing Workshop held on January 25, 2017; and WHEREAS, in March 2017,the Mayor and City Commission adopted Resolution No. 2017-29758, and accepted the recommendations made by the Land Use and Development Committee to incentivize the private development of Workforce Housing, as follows: A. Define Workforce Housing beneficiaries as those households earning up to 140% of Area Median Income (AMI); B. Assess the potential housing demand from the City' s workforce, and ensure that appropriate units are developed; C. Expedited review and permitting for construction and rehabilitation projects providing Workforce Housing; D. Encourage micro-housing and mixed-tenant projects on a case- by- case basis; E. Utilize City-owned properties to develop Workforce Housing ( e.g., Barclay Apartments and Collins Park artist workforce housing projects); F. Establish a long-term deed restriction program to preserve affordability on City-assisted developments; G. Encourage mixed income/mixed use development through positive marketing efforts that accentuate its benefits to the community; H. Research the possibility of short-term tax abatements for eligible new projects; and Promote these incentives to developers; and WHEREAS, in May 2017, the Mayor and City Commission referred the proposed mixed use P16 project (the "P16 Project") to the FCWPC, requesting that a financial analysis be completed on options proposed by Desman, Inc.,to account for potential revenues from workforce housing, retail and parking; and WHEREAS, at the June 16, 2017 FCWPC meeting, the Office of Capital Improvement Projects (CIP) staff presented three options to the Committee and the Committee recommended proceeding with Option 3, which includes a 104,000 SF gross area building, with 5,000 SF of ground floor retail, a net gain of 154 new parking spaces (207 total), and workforce housing on the top floor; and WHEREAS, the single floor (18,000 gross SF) of workforce housing provides approximately 14,000 SF of living space, and 23 one-bedroom units, of 600 SF each. The building would be seven stories, with a maximum height of 75 feet, and would require variances for the height and setbacks; and WHEREAS, in July 2017, the Mayor and City Commission accepted the FCWPC's recommendation to proceed with the parking garage Option 3. As part of a separate Commission agenda item, the Mayor and City Commission approved scheduling a public hearing to consider the waiver of certain Land Development Regulations; and WHEREAS, on September 13, 2017, the Mayor and City Commission approved a height variance to 75 feet and reduced setbacks; and WHEREAS, in October 2017, the Mayor and City Commission adopted Ordinance No. 2017-4149 in order to further facilitate the construction of workforce housing; and WHEREAS, the ordinance amends the minimum and average unit size to 400 square feet across all zoning districts within the City where multifamily residential units are allowed, reduces the parking requirements in Chapter 130 of the City Code to one-half parking space per workforce housing unit, and allows the new construction of workforce housing units on a site with an existing building, without providing any additional parking; and WHEREAS, a Design Criteria Package (DCP) has been completed for the P16 Project, based on an option whereby the proposed structure would provide approximately 4,500 SF of retail space at the ground level, 18,000 gross SF of workforce housing including twenty seven (27) studio units on the top floor, and 202 gross parking spaces; and WHEREAS, in order to ensure the viability and feasibility of incorporating workforce housing into the P16 Project,the City contracted with the Concourse Group for consulting services for Housing Public Private Partnerships (P3) to assist the City in identifying and creating opportunities to partner with the private sector to develop workforce/affordable housing; and WHEREAS, the Concourse Group developed and analyzed multiple development feasibility models, and evaluated a broad range of building massing options and mixed income levels to create a workforce housing development model that would attract a development partner; and WHEREAS, because the current parameters for the P16 Project were not feasible, Concourse created an additional 6 alternative scenarios for the P16 Project; and WHEREAS, the revised scenarios add additional square footage to each housing scenario, but lowers the number of parking spaces and gives the project the financial feasibility to stand on its own as a sustainable development that is financially attractive for a development partner; and WHEREAS, the 2018 report from The Concourse Group, The City of Miami Beach Workforce Housing Initiative, suggests that by adding a second floor of workforce housing, increasing the design to a minimum of fifty (50)workforce housing units, the P16 Project could be financially attractive to a developer, and fifty (50) units should be designed to include a view for all the units in a diverse housing mix of studios, one-bedroom and two-bedroom units, to accommodate targeted workforce members; and WHEREAS, currently, the parking and retail components of the project are funded, but there is no available funding programmed in the Capital Budget to fund the housing component; and WHEREAS, at the FCWPC meeting on November 30, 2018, the Administration presented the following two options to the Committee: 1) Proceed with the original option adopted by the Commission; or 2) Expand beyond original parameters and eliminate one floor of parking to add an additional floor of housing as a means of making the housing component attractive to a potential developer, as recommended by the Concourse Group report; and WHEREAS, the FCWPC accepted the Concourse Group option to add an additional level of workforce housing, for a total of two (2) floors of workforce housing and the elimination of one (1) floor of parking. NOW, THEREFORE, BE IT DULY RESOLVED BY THE MAYOR AND CITY COMMISSION OF THE CITY OF MIAMI BEACH, FLORIDA that the Mayor and City Commission herebyaccept the recommendation of the Finance and Citywide Projects Committee, and approve the design and construction of a proposed mixed-use parking garage at Parking Lot P16, located at 1262 Collins Avenue, to include: (1) workforce housing on the top two (2) floors, with a minimum of fifty (50) units; (2) approximately 4500 square feet of ground floor retail; and (3) a parking garage with up to 158 parking spaces. PASSED and ADOPTED this t day of TQfte/ry , 2019. .01.111111111 Dan Gelber, Mayor ATTEST: Iill 1� Rafae E. Granado, City C erk APPROVED AS TO FORM&LANGUAGE .,�is ca No f, &FOR EXECUTION 1 • j : City Attorney ( p 11/4 :1P� Date CORP ORA1 E0; r � - ••...... 44ti 'CH 253 4' C\ Resolutions - C7 C MIAMI BEACH COMMISSION MEMORANDUM TO: Honorable Mayor and Members of the City Commission FROM: Jimmy L. Morales, City Manager DATE: January 16, 2019 SUBJECT:A RESOLUTION OF THE MAYOR AND CITY COMMISSION OF THE CITY OF MIAMI BEACH, FLORIDA, ACCEPTING THE RECOMMENDATION OF THE FINANCE AND CITYWIDE PROJECTS COMMITTEE, AND APPROVING THE DESIGN AND CONSTRUCTION OF A PROPOSED MIXED-USE PARKING GARAGE AT PARKING LOT P16, LOCATED AT 1262 COLLINS AVENUE, TO INCLUDE HOUSING ON THE TOP TWO (2) FLOORS (MINIMUM OF 50 UNITS), APPROXIMATELY 4500 S.F. GROUND FLOOR RETAIL AND THE PARKING GARAGE (UP TO 158 SPACES), BASED ON THE REPORT PREPARED BYTHE CONCOURSE GROUP. RECOMMENDATION The Administration recommends that the Mayor and City Commission approve the Resolution. ANALYSIS Workforce housing is affordable housing directed at individuals and their families employed in the area's local workforce. Occupants of workforce housing expend no more than 30% of household income on housing costs for utilities and rent/mortgage for their residence. Workforce housing has many benefits to the community, such as: • Reducing traffic (by eliminating cars carrying workers from other communities) • Creating closer community ties (by those who live and work here) • Encouraging residency by vital employees including teachers, emergency personnel, and nurses, among others. In 2014, the Mayor and City Commission identified Ensuring Workforce Housing for Key Industry Workers as one of the City's Key Intended Outcomes (KI O); subsequently, the Administration has been working on exploring workforce housing options. The construction of a parking garage at the P16 Surface Parking Lot, located at 1262 Collins Avenue, was approved in the FY 2015-16 Capital Budget as part of the City's initiative to expand municipal parking garages. At its April 2016 Commission meeting, the Mayor and City Commission accepted the Page 488 of 1648 recommendation of the Finance and Citywide Projects Committee (FCWPC) directing the Administration to pursue new garage developments that included the incorporation of workforce housing (via Resolution No. 2016-29355). Subsequently, in June 2016, the Mayor and City Commission adopted Resolution No. 2016- 29425 authorizing the City to enter into negotiations with Desman, Inc. for Architectural and Engineering Design Criteria Professional Services for mixed use parking garages. Desman, Inc. was tasked in preparing a Design Criteria Package (DCP) which shall be provided to the Design Build Team for design development and subsequent construction of a new parking garage. The proposed parking garage will be constructed on the property currently occupied by surface parking lot P16 located at the southwest corner of the intersection of 13th Street and Collins Avenue. The surface parking lot currently holds fifty three (53) parking spaces. The Mayor and Commission have been actively discussing the need to promote greater workforce/affordable housing for the last couple of years as highlighted at its Workforce/Affordable Housing Workshop held on January 25, 2017. In March 2017, the City Commission adopted Resolution No. 2017-29758 which accepted the recommendations made by the Land Use and Development Committee to incentivize the private development of Workforce Housing: A. Define Workforce Housing beneficiaries as those households earning up to 140% of Area Median Income (AMI); B.Assess the potential housing demand from the City' s workforce, and ensure that appropriate units are developed; C. Expedited review and permitting for construction and rehabilitation projects providing Workforce Housing; D. Encourage micro-housing and mixed-tenant projects on a case- by-case basis; E. Utilize City-owned properties to develop Workforce Housing ( e.g., Barclay Apartments and Collins Park artist workforce housing projects); F. Establish a long-term deed restriction program to preserve affordability on City-assisted developments; G. Encourage mixed income/mixed use development through positive marketing efforts that accentuate its benefits to the community; H. Research the possibility of short-term tax abatements for eligible new projects; and I. Promote these incentives to developers. In May 2017, the Mayor and City Commission referred the proposed parking garage at P16 project to the FCWPC requesting that a financial analysis be completed on options proposed by Desman, Inc., to account for potential revenues from workforce housing, retail and parking. At the June 16, 2017 FCWPC meeting, the Office of Capital Improvement Projects (CI P) staff presented three options to the Committee. The Committee recommended proceeding with Option 3 which includes a 104,000 SF gross area building, with 5,000 SF of ground floor retail, a net gain of 154 new parking spaces (207 total), and workforce housing on the top floor. The Page 489 of 1648 single floor(18,000 gross SF) of workforce housing provides approximately 14,000 SF of living space, and 23 one-bedroom units, of 600 SF each. The building will be seven stories, with a maximum height of 75 feet and would require variances for the height and setbacks. In July 2017, the Mayor and City Commission accepted the FCWPC's recommendation to proceed with the parking garage Option 3. As part of a separate Commission agenda item, the Mayor and City Commission approved scheduling a public hearing to consider the waiver of Development Regulations. On September 13, 2017, the Mayor and City Commission approved a height variance to 75 feet and reduced setbacks. In October 2017, the Mayor and City Commission adopted Ordinance No. 2017-4149 in order to further facilitate the construction of workforce housing. The ordinance amends the minimum and average unit size to 400 square feet across all zoning districts within the City where multifamily residential units are allowed. It also reduces the parking requirements in Chapter 130 of the City Code to one-half parking space per workforce housing unit. The ordinance also allows the new construction of workforce housing units on a site with an existing building, without providing any additional parking. In order to ensure the viability and feasibility of incorporating workforce housing into the project, the City contracted with the Concourse Group for consulting services for Housing Public Private Partnerships (P3) to assist the City in identifying and creating opportunities to partner with the private sector to develop workforce/affordable housing. The Consultant serves as the City's primary advisor/Consultant throughout each project to achieve project goals. The Concourse Group developed and analyzed multiple developmentfeasibility models as well as evaluated a broad range of building massing options and mixed income levels to create a workforce housing development model that would attract a development partner. Of the eight development scenarios considered, only two of them meet the parameters originally approved by the City Commission. However, neither of these scenarios would meet the financial performance criteria and return necessary to attract a development partner. Because the current parameters were not feasible, Concourse created an additional 6 alternative scenarios for the site. The revised scenarios add additional square footage to each housing scenario but lower the number of parking spaces. These actions give the project the financial feasibility to stand on its own as a sustainable development that is financially attractive for a development partner. The 2018 report from The Concourse Group, The City of Miami Beach Workforce Housing Initiative, suggests that by adding a second floor of workforce housing, increasing the design to a minimum of fifty (50) units, the project could be financially attractive to a development entity. The fifty(50) units should be designed to include a view for all the units in a diverse housing mix of studios, one-bedroom and two-bedroom units, to accommodate targeted workforce members. A Design Criteria Package (DCP) has been completed, based on an option whereby the proposed structure would provide approximately 4,500 SF of retail space at the ground level, 18,000 gross SF of workforce housing including twenty seven (27) studio units on the top floor, and 202 gross parking spaces. Page 490 of 1648 A comparison of the schematic design from the DCP and the schematic design suggested by the report from The Concourse Group is provided below: ORIGINAL OPTION Parking garage with seven (7) floors (up to 75'-0" in height), 202 spaces (net gain of 149 spaces), with 4,500 SF ground floor retail, and 27 units (14,000 SF net) of workforce housing on the top floor: • Total Project Cost for Parking and Ground floor retail: $11,241,800 • Total Project Cost for Workforce Housing Units: $ 7,200,000 • Revenue from Parking Spaces (202): Approximately$2,390 per space, or$482,780 annually. • Revenue from Ground Floor Retail: 4,500 SF at$62 per SF, or$279,000 annually. • Revenue from Workforce Housing Units: 14,000 SF at$2.80 per SF, or$470,400 annually. CONCOURSE GROUP OPTION Parking garage with seven (7) floors (up to 75'-0" in height), 158 spaces (net gain of 105 spaces), with 4,500 SF ground floor retail, and 50 units (28,000 SF net) of workforce housing on the two (2)top floors: • Total Project Cost for Parking and Ground floor retail: $ 9,002,200 • Total.Project Cost for Workforce Housing Units: $14,400,000 • Revenue from Parking Spaces (158): Approximately$2,390 per space, or$377,620 annually. • Revenue from Ground Floor Retail: 4,500 SF at$62 per SF, or$279,000 annually. • Revenue from Workforce Housing Units: 28,000 SF at$2.80 per SF, or$940,800 annually. The above estimated parking revenue information was provided by the Parking Department; the Tourism Culture and Economic Development Department provided the anticipated retail data; and the projected rent for housing data and Workforce Housing Analysis was prepared by The Concourse Group for the Office of Housing and Community Services. Currently, the parking and retail components of the project are funded. There is no available funding programmed in the Capital Budget to fund the housing component. At the FCW PC meeting on November 30, 2018, the Administration presented the following two options to the Committee: 1) Proceed with the original option adopted by the Commission; or 2) Expand beyond original parameters and eliminate one floor of parking to add an additional floor of housing as a means of making the housing component attractive to a potential developer, as recommended by the Concourse Group report. FCWPC accepted the Concourse Group option to add an additional level of workforce housing, for a total of two (2)floors of workforce housing and the elimination of one (1)floor of parking. CONCLUSION The Administration is requesting acceptance of the recommendation from the FCWPC, to proceed with the Concourse Group option to include workforce housing on the top two (2)floors (minimum of 50 units), approximately 4,500 SF ground floor retail and the parking garage (up to 158 spaces). Legislative Tracking Page 491 of 1648 Capital Improvement Projects ATTACHMENTS: Description o Resolution Page 492 of 1648