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Resolution 2021-31709 RESOLUTION NO. 2021-31709 A RESOLUTION OF THE MAYOR AND CITY COMMISSION OF THE CITY OF MIAMI BEACH, FLORIDA, APPROVING THE NORTH BEACH COMMUNITY REDEVELOPMENT AGENCY REDEVELOPMENT PLAN, FOLLOWING A DULY NOTICED PUBLIC HEARING, AS REQUIRED BY SECTION 163.360(7) OF THE FLORIDA STATUTES; AND FURTHER AUTHORIZING THE CITY MANAGER TO TRANSMIT THE ADOPTED REDEVELOPMENT PLAN TO THE MIAMI-DADE COUNTY BOARD OF COUNTY COMMISSIONERS FOR ITS CONSIDERATION AND APPROVAL. WHEREAS, the Community Redevelopment Act, Chapter 163, Part Ill, Florida Statutes, provides for community redevelopment by the creation of a community redevelopment agency if certain conditions of blight exist, as defined in Section 163.340, Florida Statutes; and WHEREAS, on July 17, 2019, via Resolution No. 2019-30892, the Mayor and City Commission adopted a Finding a Necessity, declaring that a blighted area (as such term is defined in Section 163.340, Florida Statutes) exists within the area generally bounded by 87th Terrace to the north, the Atlantic Ocean to the east, 65th Street to the south, and Rue Notre Dame to the west; and WHEREAS, the Mayor and City Commission further declared in Resolution No. 2019-30892 that the rehabilitation, conservation, redevelopment, or a combination thereof, of the North Beach Redevelopment Area is necessary in the interest of the public health, safety, morals, or welfare of the City and the residents within the North Beach Redevelopment Area; and WHEREAS, on July 8, 2020, the Board of County Commissioners of Miami-Dade County, Florida, adopted Resolution No. R-619-20, accepting the Finding of Necessity and delegating to the City the powers to create the North Beach Community Redevelopment Agency (the "North Beach CRA") and to prepare and adopt a community redevelopment plan for the North Beach Redevelopment Area; and WHEREAS, on February 10, 2021 , the Mayor and City Commission adopted Resolution No. 2021-31596, creating the North Beach CRA and further declaring the Mayor and City Commission to be the governing body of the North Beach CRA; and WHEREAS, pursuant to the delegation of authority from Miami-Dade County via Resolution No. R-619-20, the Administration engaged Daedalus Advisory Services, together with subconsultants Dover Kohl and Partners and Redevelopment Management Associates, to prepare the North Beach CRA Redevelopment Plan (the "Plan"); and WHEREAS, the Administration sought resident and stakeholder participation and solicited public input for the Plan via multiple bi-lingual mailers to 22,000 households and commercial properties in North Beach, website, social media posts, email blasts, a weeklong virtual public design charrette and other public meetings; and WHEREAS, the Administration sought additional input for the Plan during public meetings of the Ad Hoc North Beach CRA Advisory Committee, established by the Mayor and City Commission via Resolution No. 2021-31560, and amended via Resolution No. 2021-31594; and WHEREAS, on March 17, 2021 , the Chairperson and Members of the North Beach CRA Board adopted Resolution No. 001-2021 , transmitting the draft Plan to the City's Planning Board, acting as the Local Planning Agency pursuant to Section 163.3174, Florida Statutes and Section 118-51(7) of the City Code, for review and recommendations as to its conformity with the City's Comprehensive Plan, as required by Section 163.360(4), Florida Statutes; and WHEREAS, on April 27, 2021, the Planning Board unanimously approved Resolution PB 21-0434, finding that the proposed Plan is in conformance with the goals, objectives, and policies of the Miami Beach 2040 Comprehensive Plan; and WHEREAS, the Chairperson and Members of the North Beach CRA Board adopted the Plan and transmitted the Plan to the Miami Beach City Commission for approval, as required by Section 163.360(5) of the Florida Statutes. WHEREAS, the Mayor and City Commission approve the Plan, as set forth more particularly in Exhibit "A" hereto, as required by Section 163.360(7), Florida Statutes; and WHEREAS, the Mayor and City Commission desire to transmit the adopted Plan to the Miami-Dade County Board of County Commissioners for consideration and approval. 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 hereby approve the North Beach Community Redevelopment Agency Redevelopment Plan, following a duly noticed public hearing, as required by Section 163.360(7) of the Florida Statutes; and further authorize the City Manager to transmit the adopted Redevelopment Plan to the Miami-Dade County Board of County Commissioners for its consideration and approval. PASSED and ADOPTED THIS /� day of fil4r 2021 . ATTEST: ..♦.., ,,,it _ Np `. , /F'Dan Gelber, Mayor APPROVED AS TO �/ �f y FORM &LANGUAGE Rafae E. Gra do, City Clerk * INCORP ORATEDI *i &FOR EXECUTION s City Attorney pk7 Date Resolutions - R7 D MIAMI BEACH COMMISSION MEMORANDUM TO: Honorable Mayor and Members of the City Commission FROM: Alina T. Hudak, City Manager DATE: May 12, 2021 3:00 p.m. Public Hearing SUBJECT:A RESOLUTION OF THE MAYOR AND CITY COMMISSION OF THE CITY OF MIAMI BEACH, FLORIDA, APPROVING THE NORTH BEACH COMMUNITY REDEVELOPMENT AGENCY REDEVELOPMENT PLAN, FOLLOWING A DULY NOTICED PUBLIC HEARING, AS REQUIRED BY SECTION 163.360(7) OF THE FLORIDA STATUTES; AND FURTHER AUTHORIZING THE CITY MANAGER TO TRANSMIT THE ADOPTED REDEVELOPMENT PLAN TO THE MIAMI-DADE COUNTY BOARD OF COUNTY COMMISSIONERS FOR ITS CONSIDERATION AND APPROVAL. JOINT CITY COMMISSION AND NORTH BEACH COMMUNITY REDEVELOPMENT AGENCY (ITEM TO BE SUBMITTED IN SUPPLEMENTAL) SUPPORTING SURVEY DATA tbd FINANCIAL INFORMATION Amount(s)/Account(s): Applicable Area North Beach Is this a "Residents Right Does this item utilize G.O. to Know" item. pursuant to Bond Funds? City Code Section 2-14? Yes No Strategic Connection Prosperity- Revitalize targeted areas and increase investment. Legislative Tracking Economic Development Page 479 of 859 Agenda Item f 7 O Date MIAMI BEACH City of Miami Beach, 1700 Convention Center Drive,Miami Beach, Florida 33139,www.miamibeachfl.gov COMMISSION MEMORANDUM TO: HONORABLE MAYOR AND MEMBERS OF THE CITY COMMISSION FROM: Alina T. Hudak, City Manag DATE: May 12, 2021 SUBJECT: A RESOLUTION OF THE MAYOR AND CITY COMMISSION OF THE CITY OF MIAMI BEACH, FLORIDA, APPROVING THE NORTH BEACH COMMUNITY REDEVELOPMENT AGENCY REDEVELOPMENT PLAN, FOLLOWING A DULY NOTICED PUBLIC HEARING, AS REQUIRED BY SECTION 163.360(7) OF THE FLORIDA STATUTES; AND FURTHER AUTHORIZING THE CITY MANAGER TO TRANSMIT THE ADOPTED REDEVELOPMENT PLAN TO THE MIAMI- DADE COUNTY BOARD OF COUNTY COMMISSIONERS FOR ITS CONSIDERATION AND APPROVAL. RECOMMENDATION This is a Consolidated City Commission and North Beach Community Redevelopment Agency (North Beach CRA) Board Memorandum related to the adoption and approval of the North Beach CRA Redevelopment Plan and transmittal of the North Beach CRA Redevelopment Plan to the Miami-Dade County Board of County Commissioners (Agenda Items R7 D and NBCRA 1) and the approval and execution of an interlocal cooperation agreement by and among the City of Miami Beach, the North Beach CRA, and Miami-Dade County, and transmittal of approved interlocal cooperation agreement to the Miami-Dade County Board of County Commissioners for its consideration and approval (Agenda Items R7 E and NBCRA 2). The Administration recommends adoption and approval of the North Beach CRA Redevelopment Plan and Interlocal Agreement and transmittal of the Redevelopment Plan and Interlocal Agreement to Miami-Dade County. BACKGROUND/HISTORY The City of Miami Beach is recognized and admired regionally, nationally, and internationally as a dynamic and vibrant destination. Between the warm climate, sprawling beach and various cultural and lifestyle amenities, Miami Beach has distinguished itself as a thriving hospitality and tourism mecca. The City's significant investment in the arts, aesthetics, recreation, public safety and climate Commission Memorandum North Beach CRA Redevelopment Plan and Interlocal Agreement May 12, 2021 Page 2 of 11 resiliency coupled with the depth and quality of residential and educational offerings, have made the City an ideal live-work-play environment. With tremendous quality of life characteristics and strategic, measured development and preservation over the years, the City has, overall, maintained and improved its status as a major driver of the Miami-Dade County economy and brand. Notwithstanding, in comparison with other areas of the City, the North Beach area has trailed in the level of redevelopment, revitalization, economic growth and investment. Substantial commercial vacancy, obsolete housing stock, limited new development, environmental and resiliency challenges, depressed household income, and divergent stakeholder perspectives are among the challenges facing North Beach. There have been several efforts by the City to encourage growth and investments in North Beach, including but not limited to the North Beach Revitalization Plan, the North Beach Master Plan (Plan NoBe), the West Lots Plan, as well as other citywide planning tools such as the Transportation Master Plan and other initiatives focusing on climate resiliency, environmental sustainability, economic development, affordable housing, historic preservation and land development regulations. The residents, Mayor and City Commission have also approved General Obligation Bond (G.O. Bond) funding for major improvement projects in the North Beach area. North Beach Master Plan — Plan NoBe (2016) In recognition of the need for enhancements and improvements, over the years, the City Commission has authorized multiple master planning processes for the North Beach area, defined as the portion of the City of Miami Beach north of 63rd Street, excluding those portions on Allison and La Gorce Islands. In 2016, in furtherance of the most recent master planning effort, the City actively engaged the North Beach community, including residents, property owners, and business owners, in a process of public input to determine the needs and desires of the North Beach area. This planning process revealed the desire of the public to create a town center, preserve certain historic resources, improve traffic congestion and flow, activate public spaces, and move forward with responsible development of City-owned property. The North Beach Master Plan (Plan NoBe) outlined various planning and implementation strategies including the creation of a community redevelopment agency (CRA) to provide a funding mechanism for execution of the master plan. The Mayor's North Beach Master Plan Steering Committee played an active role in determining the final vision for Plan NoBe and ultimately recommended that the City Commission adopt the master plan. On October 19, 2016, the North Beach Master Plan was adopted by the Mayor and City Commission pursuant to Resolution No. 2016-29608 and reaffirmed by Resolution No. 2017-30013 identifying use of a CRA as a potential funding mechanism for the numerous Commission Memorandum North Beach CRA Redevelopment Plan and Interlocal Agreement May 12, 2021 Page 3 of 11 planning and improvement initiatives identified by residents as necessary for North Beach. Since then, the Administration has implemented many Plan NoBe strategies including creation of historic districts, a Town Center district, a community redevelopment area and a CRA (as described further below). Finding of Necessity and North Beach Redevelopment Area (2019) On June 20, 2018, the Neighborhoods/Community Affairs Committee (NCAC) discussed creative funding options for the Plan NoBe and recommended that the Administration work with Miami-Dade County to move forward with the potential creation of a CRA in North Beach. In an effort to build on previous North Beach planning efforts and the recognition of the success of the previous South Pointe and current City Center CRAs, on July 25, 2018, the Mayor and City Commission adopted Resolution 2018-30432,accepting the recommendation of the NCAC to commence discussions with the County to create a CRA in North Beach. Following adoption of the FY 2019/20 Miami-Dade County budget, the Administration reached out to the County to discuss necessary steps for creating a CRA in North Beach. Pursuant to the Community Redevelopment Act, Chapter 163 of the Florida Statutes, a "Community Redevelopment Area" is defined as a slum area, a blighted area, or an area in which there exists a shortage of affordable housing, or a coastal and tourist area that is deteriorating and economically distressed due to outdated building density patterns, inadequate transportation and parking facilities, faulty lot layout or inadequate street layout, or a combination thereof. At the direction of the City Commission, the Administration implemented steps to conduct a Finding of Necessity report, as required by the statute, in order to evaluate the North Beach area for designation as a Community Redevelopment Area. The Community Redevelopment Act identifies fifteen (15) criteria indicative of blight within a community, of which two (2) must be present to conclude that an area is blighted, according to the statute. Nine (9) of these criteria were found in the North Beach area as follows: 1. Predominance of defective or inadequate street layout, parking facilities, roadways, bridges, or public transportation facilities. 2. Residential and commercial vacancy rates higher in the area than in the remainder of the county or municipality. 3. Faulty lot layout in relation to size, adequacy, accessibility, or usefulness. 4. Unsanitary or unsafe conditions. 5. Deterioration of site or other improvements. 6. Inadequate and outdated building density patterns. Commission Memorandum North Beach CRA Redevelopment Plan and Interlocal Agreement May 12, 2021 Page 4 of 11 7. Fire and emergency medical service calls to the area proportionately higher than in the remainder of the county or municipality. 8. Greater number of violations of the Florida Building Code in the area than the number of violations recorded in the remainder of the county or municipality. 9. Diversity of ownership or defective or unusual conditions of title which prevent the free alienability of land within the deteriorated or hazardous area. The Finding of Necessity determined that there exists a blighted geographic area within North Beach, with such area being described generally as being bounded by 87th Terrace to the north, the Atlantic Ocean to the east, 65th Street to the south, and Rue Notre Dame to the west. This area covers 326.4 acres (0.51 square miles). The area described was proposed as the Community Redevelopment Area. On July 17, 2019, via Resolution No. 2019-30892, the City Commission accepted the Finding of Necessity, a statutorily required step in order for the City to request that the County delegate authority to create a CRA. On October 31, 2019, the City of Miami Beach presented the Finding of Necessity to the Miami-Dade County Tax Increment Financing ("TIF") Committee, which accepted the declaration of necessity contained in the Finding of Necessity, and made a motion to recommend that the City consider extending the boundary to include the Crespi and North Shore areas to provide for economic opportunities for these residential areas. City staff revised the Finding of Necessity to include the areas recommended by the County TIF Committee. However, after a series of community meetings and resident feedback in opposition to an expanded boundary, the City decided to move forward with the original boundaries as delineated in Resolution No. 2019- 30892. Delegation of Authority (2020) and North Beach CRA Creation (2021) By adopting the Finding of Necessity in 2019, the Mayor and City Commission declared a need for a CRA to carry out community redevelopment and reverse the economic decline in North Beach. The Mayor and City Commission declared in Resolution No.2019-30892, that the rehabilitation, conservation, redevelopment, or a combination thereof, of the North Beach Redevelopment Area is necessary in the interest of the public health, safety, morals, or welfare of the City of Miami Beach and the residents within the North Beach Redevelopment Area. Further, via Resolution No. 2019-30892, the Mayor and City Commission, requested that the Miami-Dade County Board of County Commissioners delegate to the City the broad authority to exercise redevelopment powers within the Redevelopment Area boundaries. On July 8, 2020, the Board of County Commissioners of Miami-Dade County, Florida, adopted Resolution No. R-619-20, accepting the Finding of Necessity and delegating to the City the statutory authority Commission Memorandum North Beach CRA Redevelopment Plan and Interlocal Agreement May 12, 2021 Page 5 of 11 to create the North Beach CRA and to prepare and adopt a community redevelopment plan for the North Beach Redevelopment Area. On February 10, 2021, by adopting Resolution No. 2021-31596, the Mayor and City Commission officially created the North Beach CRA pursuant to section 163.357, Florida Statutes, and declared the Mayor and City Commission to be the governing body of the North Beach CRA. The Mayor and City Commission also designated the City Manager as the Executive Director of the North Beach CRA, and the City Attorney as the General Counsel for the North Beach CRA. Although the CRA was created in 2021, the base year of the CRA, for purposes of TIF, is determined at the time that the forthcoming Trust Fund is established and approved by the County. ANALYSIS Redevelopment Plan Preparation With the delegation of authority to prepare a redevelopment plan, the City Administration engaged prequalified vendor, Daedalus Advisory Services together with subconsultants Dover Kohl & Partners and Redevelopment Management Associates to prepare the North Beach CRA Redevelopment Plan (Redevelopment Plan) with said Redevelopment Plan attached here, as Exhibit "A". The grouping of consultant and subconsultants provided the City with subject matter experts in economic and financial analysis, land use and planning and community redevelopment. The preparation and content of the Redevelopment Plan was guided by Florida Law as contained in the Redevelopment Act. A. Community Charrette and Public Outreach The general public has had considerable opportunity to learn about the North Beach CRA and Redevelopment Plan and contribute feedback on an ongoing basis. Following a December 15, 2020 public kick off meeting to introduce the Redevelopment Plan's proposed format and field questions from 80 participants, the City then invited the North Beach community to participate in a week-long public design charrette. In addition to extensively promoting the week-long event online and through email newsletters, care was exercised to reach diverse households and those who may not subscribe to City news online, by mailing a bilingual postcard flyer to over 22,000 North Beach households and commercial properties to promote the event. The City also offered to provide in-person accommodations, by request, to residents with limited capacity to participate virtually. As a result, the January 2021 public design charrette was attended by 580 participants during six (6) interactive public sessions and eight (8) thematic focus group sessions representing various stakeholder interests. The focus groups were organized to listen to and collate views from a diverse group of participants, Commission Memorandum North Beach CRA Redevelopment Plan and Interlocal Agreement May 12, 2021 Page 6 of 11 including: 1) Residents and Neighborhood Advocates, 2) Business Organizations, 3) Regional Groups, 4) Historic Preservationists, 5) Affordable and Workforce Housing Advocates, 6)Industry/Workforce/Economic Development Organizations, 7) Real Estate and Development Community, and 8) City Staff. The charrette revealed overarching concepts and ideas of importance to the public audience, which were incorporated in the drafting of the Redevelopment Plan. During the public design charrette, members of the public articulated five overarching concepts which have been explicitly incorporated into strategies within the Redevelopment Plan: 1. Use the CRA and TIF to implement existing plans; 2. Focus on short-term successes that build confidence; 3. Increase resilience; 4. Attract investment that is transformative, but respectful of context; and 5. Build staff capacity to represent North Beach. B. Redevelopment Plan Goals and Concepts The Redevelopment Plan generally envisions a vibrant, resilient community with a Town Center, increased housing density, preservation of historic structures, access to recreational amenities, available public parking, and additional restaurant and retail offerings to support new and current residents. The Redevelopment Plan concepts and approaches cover a range of project types across several implementation dimensions such as scale, scope, cost, time duration, and potential impact outcomes. Together, the guiding principles and the regulatory framework governing CRAs resulted in the proposed Redevelopment Plan. The Redevelopment Plan presents goals and strategies which may be implemented using funding from tax increment revenue derived from within the designated boundary over the 30-year life of the North Beach CRA. The Redevelopment Plan proposes six (6) major categories of redevelopment goals and opportunities, as shown in the table below: No. Redevelopment Goal Description 1 Provide Economic This goal highlights opportunities to improve physical Development structures, create programs to increase occupancy, and Opportunities for increase the variety of business Businesses, Property offerings, as well as access to labor and training Owners, and Residents resources. 2 Invest in Climate These are cross-cutting goals and address Resilience, improvements necessary to support and implement the Sustainability & goals of the whole Redevelopment Plan, but focus on Infrastructure Commission Memorandum North Beach CRA Redevelopment Plan and Interlocal Agreement May 12, 2021 Page 7 of 11 urban and landscape design, engineering and blue green stormwater infrastructure to build climate resilience to reduce risks from flooding, sea level rise, storms, high tides, and extreme heat. 3 Strengthen Cultural This expands on the"unique features"of the district and Arts, Branding & begins with asset identification and market positioning. Marketing, and Sample activities include heritage tourism, branding, Communication marketing and communications, and signature promotional events. 4 Protect and Enhance This goal builds on the look, feel, and movement within the Neighborhood a residential area. It involves all aspects of land use, lot Character size, structure heights, and greenery, while also looking at business uses, walkable main streets, safe alleyways, and traffic flow. Sample areas include: Town Center, Normandy Isles Fountain Area, West Lots and North Shore. 5 Improve the Quality of Quality of Life measures can be highly subjective, but Life of Residents and almost always include measures related to access to Visitors parks and public spaces, health and well-being, and neighborhood quality. Sample activities include community spaces and enhanced public safety. 6 Leveraging Resources Funding is achieved through many means including the for Community North Beach CRA Trust Fund, grants, and financing. Redevelopment The CRA may need to leverage its annual funding to implement largescale capital projects. Should the CRA choose to bond or incur other debt to complete capital projects, a dedicated revenue source in the annual budget will need to be identified for debt service. The CRA can also utilize the full range of state, local, federal and other funding mechanisms for redevelopment depending on the project under consideration. C. Draft Redevelopment Plan Available to the Public Subsequent to the public design charrette, the City Administration and its consultant team actively solicited input from the public regarding the contents of the draft Redevelopment Plan. Since March 8, 2021, the draft Redevelopment Plan has been available on the City's website for review, along with an embedded public comment suggestion box, whereby, in addition to email messages, members of the public could submit feedback directly to City staff concerning the Commission Memorandum North Beach CRA Redevelopment Plan and Interlocal Agreement May 12, 2021 Page 8 of 11 Redevelopment Plan's contents. On March 8,2021, the City conducted another virtual public meeting to present a summary of the draft Redevelopment Plan and conduct a public discussion with the community. The virtual event was attended by over 100 participants. In addition to social media and email announcements, the City again mailed a bilingual postcard flyer to over 22,000 North Beach households and commercial properties, inviting them to attend the public meeting, and encouraging them to review the draft Redevelopment Plan online and provide comment. The draft Redevelopment Plan and recordings of all the City's virtual meetings remain available for viewing at www.miamibeachfl.qov/NorthBeachCRA. D. Ad Hoc North Beach CRA Advisory Committee & Recommendations On January 13, 2021, the Mayor and City Commission created the Ad Hoc North Beach CRA Advisory Committee (Advisory Committee) via Resolution No. 2021- 31560 (subsequently amended via Resolution No. 2021-31594) in order to ensure the continued participation by residents, business owners, and community representatives of the Redevelopment Area in connection with the North Beach CRA. The Advisory Committee is tasked with advising the City Commission and Administration in connection with the North Beach CRA and proposed Redevelopment Plan. In accordance with the resolutions creating the Advisory Committee, the 7-member committee includes three members who live either within the Redevelopment Area or within 300 feet of its boundaries; a resident of North Beach outside of the Redevelopment Area; an owner of a business located within the CRA; a Miami Beach real estate industry professional; and a Miami Beach attorney (former City Attorney Jose Smith was appointed by the City Commission and has since been elected by the Advisory Committee as the Chair). Since the members were appointed by the City Commission, the Advisory Committee has convened five times during publicly noticed virtual meetings. During the meetings, City staff and consultants have provided in depth presentations regarding the elements of the Redevelopment Plan and provided the Advisory Committee members the opportunity to ask questions and make recommendations, which by motion have been incorporated into the Redevelopment Plan. At every meeting, an opportunity is provided for the public to provide comment. Recordings of the meetings and all related agenda materials are available for viewing online at: www.miamibeachfl.gov/northbeachcra. On May 5, 2021, the Advisory Committee adopted two motions in support of the North Beach CRA. The Advisory Committee voted unanimously to provide a favorable recommendation that the City Commission adopt the Redevelopment Plan. In addition, the Advisory Committee unanimously adopted a motion to provide a favorable recommendation that the City Commission approve the Interlocal Agreement (described in detail below). Commission Memorandum North Beach CRA Redevelopment Plan and Interlocal Agreement May 12, 2021 Page 9 of 11 E. Planning Board Recommendation As part of the process of preparing a redevelopment plan, the Community Redevelopment Act requires the North Beach CRA to submit the plan to the local planning agency for review and recommendations as to its conformity with the City's Comprehensive Plan for the development of the municipality as a whole. Pursuant to Section 163.360, Florida Statutes, only after receiving recommendations from the local planning agency may the CRA take action to adopt its redevelopment plan. Pursuant to Section118-51(7) of the City's Land Development Regulations, the local planning agency is the City's Planning Board. On April 27, 2021, the Planning Board adopted Resolution No. PB 21-0434, finding that the proposed Redevelopment Plan is in conformance with the Goals, Objectives, and Policies of the Miami Beach 2040 Comprehensive Plan, as required by section163.360, Florida Statutes. F. Preliminary Review by Miami-Dade County The City Administration has provided the draft Redevelopment Plan to Miami-Dade County staff for review and comment. Upon preliminary review, County staff suggested recommendations for inclusion in the Redevelopment Plan based on statutory requirements. The recommended changes were incorporated and discussed with the Advisory Committee and the Planning Board during public meetings. Interlocal Cooperation Agreement Simultaneous with the City's preparation of the Redevelopment Plan, in order to delineate their respective areas of responsibility with respect to the redevelopment of the Redevelopment Area, the City, North Beach CRA and County Administrations have negotiated an interlocal cooperation agreement, by and among the City of Miami Beach, the North Beach CRA, and Miami-Dade County (Interlocal Agreement), with said Interlocal Agreement attached hereto, in substantial form, as Exhibit "B". The material terms of the Interlocal Agreement are as follows: • One member of the County Commission, or a County Commission designee, may be appointed to serve on the North Beach CRA's Board of Commissioners (in addition to the other members appointed to the North Beach CRA's Board of Commissioners (i.e., the City Commission). Said County Commissioner, or designee, shall be vested with the same rights, duties and obligations as any other North Beach CRA Board member; and Commission Memorandum North Beach CRA Redevelopment Plan and Interlocal Agreement May 12, 2021 Page 10 of 11 • No more than twenty percent (20%) of the total tax increment funds deposited annually into the trust fund by the City and the County shall be used for total administrative expenses (including indirect and overhead expenses which may not exceed six percent (6%) of the total contemplated administrative expenses to be spent under the Redevelopment Plan); and • The County shall charge, and the North Beach CRA shall pay to the County, no later than March 31, an annual administrative fee ("County Administrative Fee"). This County Administrative Fee shall be 1.5% of the County's payment to the North Beach CRA. The County Administrative Fee shall not be included in the (20%) limit on administrative expenses defined in this section; and • The City and the County hereby agree to contribute 60 percent (60%) of the tax increment funds derived from the Redevelopment Area on an annual basis. Such contribution levels comply with County Commission Ordinance No. [ ]; and • In each year in which the County and City shall make the tax increment fund contribution required by of the interlocal agreement, the North Beach CRA budget for expenditures funded by tax increment revenues shall be capped, so that an amount equal to the TIF revenues paid into the Trust Fund by the County and the City attributable to 10 percent (10%) of the incremental value in the Area, shall remain un-appropriated and un-expended, except for the purpose of funding projects associated with affordable and workforce housing and infrastructure improvements; and • The North Beach CRA shall not budget in any fiscal year more than ten percent (10%) of the value of the City and County tax increment payment for that year on capital maintenance activities or community policing, respectively; and • Beginning FY 2049-50, the County, North Beach CRA, and the City will negotiate an interlocal agreement to account for the sunset of the North Beach Community Redevelopment Agency and Area. SUPPORTING SURVEY DATA Consistent with the goals articulated in the North Beach Quality of Life Plan, the most recent City of Miami Beach Resident Satisfaction Survey noted that, among participants' highest priorities, are the condition and cleanliness of streets and efforts to manage stormwater drainage and flooding. Over 580 people participated during the charrette process and 74% of those who responded to polling expressed high interest in seeing North Beach CRA funds spent on resilience measures such as higher roads, drainage systems and pumps, and shoreline defenses. Commission Memorandum North Beach CRA Redevelopment Plan and Interlocal Agreement May 12, 2021 Page 11 of 11 FINANCIAL INFORMATION The adopted boundaries of the Redevelopment Area delineate the area within which tax revenue will be generated and captured during the 30-year life of the North Beach CRA, for expenditure on investments and projects that address the needs of the Redevelopment Area identified in the Finding of Necessity. Contributions by the City to the North Beach CRA Trust Fund will impact the General Fund by focusing tax increment revenue on the Redevelopment Area. Although the Redevelopment Plan provides insight into preliminary projections for tax increment revenue increases based on baseline assumptions, the Administration is hopeful that the tax increment revenue will be buoyed and then accelerated by economic development resulting from CRA initiatives. The Interlocal Agreement provides for material financial terms agreed upon by the City, North Beach CRA and Miami-Dade County. CONCLUSION Significant effort and considerable public engagement have been devoted to developing the North Beach CRA Redevelopment Plan. Pursuant to Florida law, adoption by the North Beach CRA Board and City Commission is the required next step in order to proceed with implementation of the North Beach CRA. The Interlocal Agreement must be negotiated in order to create a trust fund that will make possible the Redevelopment Plan strategies in furtherance of the North Beach CRA's purpose. Accordingly, the Administration recommends approval of the resolutions adopting the Redevelopment Plan, for ultimate transmittal of the Redevelopment Plan to Miami-Dade County. Further, the Administration recommends approval of resolutions authorizing the execution of the final, negotiated Interlocal Agreement, to then be transmitted for review and consideration by the Miami-Dade County Board of County Commissioners. Attachments Exhibit A North Beach CRA Redevelopment Plan Exhibit B Interlocal Agreement EXHIBIT A North Community Redevelopment Agency Redevelopment Plan May 2021 1:1 IT- w_ - - '1' *,Ixi', 1 i. ,� ...� - =.r•-moi 1 - . -log r 1111iE IIL�tI -- • � n■-1-4067 I.m 511 or,w elt:l 1 ex Mw 1P.0"nP IP.1 . ' 1 b9 1 P If11 !1l RI��!-- +t,.. IIA 1 91 IM IA 1 Al I l LII„,! a ' 111: A 1 11 mull 11.,!!Pk.lm.1 vi' Y 1•4!I P qr1 P QIP 1Fm .1,7:--',.42‘. - '^ .i.:::..--•.•7:::,,,' �'.,,.i l...:M':" 11171:1142."1" IP 11:�- a41- / •1 1::::0;,...,,....‘I i - . ` 10� 1Iia, ..�/ \ t4'I d r, *; M :7,.f>,,' ,-,-,4 - 1 a .0 { n. -+t IB a ‘,.'-iri, ...:::"..t:',.::.;e 4ntS:''.1.'...:',.'..... . __ 1 ...::... �� "'" L 9 x dry 44 ;,.,... .4 ; . „.". .....,...4.; :;:,,,..:„.7:: . „„::.„,.,;, ,-.,.:,,:, , __., , ..„40( ..".:...._ ,,, O,'y.......,... .. .. . /AN' IIZ . , ......, Y�1xN. , ...... _• . -..srlat<s,-- �� - � �>.'tFK ''''N. �' : ,- , * yya�es The North Beach Community Redevelopment Agency Plan Disclaimer The information in this document was provided by a variety of external parties that Daedalus Advisory Services,Dover Kohl&Partners and Redevelopment Management Associates("the Consultant Team")have no control over,but that are believed to be reliable sources of information(such as the US Census Bureau, the City of Miami Beach and local real estate professionals).As such,the consultants take no responsibility for the accuracy of the underlying figures presented in this report but believe that they are fair and accurate descriptions of North Beach conditions as of the date of this report. The information in this document is provided for informational purpose only. It does not constitute any offer,recommendation or solicitation to any person to enter into any transaction or adopt any investment strategy, nor does it constitute any prediction of likely future changes in prices, rates, figures or any representation that any such future movements will not exceed those shown in any illustration. Users of this document should seek advice regarding the appropriateness of making any investment strategies based on information in this document and should understand that statements regarding future prospects may not be realized.Opinion,projections and estimates are subject to change without notice. No member of the Consultant Team is an investment adviser, and is not purporting to provide you with investment, legal or tax advice.The Consultant Team accepts no liability and will not be liable for any loss or damage arising directly or indirectly(including special,incidental or consequential loss or damage)from your use of this document,howsoever arising,and including any loss,damage or expense arising from,but not limited to,any defect,error,imperfection,fault,mistake or inaccuracy with this document,its contents or associated services,or due to any unavailability of the document or any thereof or due to any contents or associated services. 2 The North Beach Community Redevelopment Agency Plan TABLE OF CONTENTS 1. Executive Summary 5 2. Introduction 8 2.1. Background to the North Beach CRA 8 2.2. Redevelopment Area's Location 8 2.3. The Redevelopment Planning Process 11 3. Administration&Governance 15 3.1. Power and Authority of the Community Redevelopment Agency 15 3.2. Time Requirements to Complete Redevelopment Projects 20 3.3. Conformity with the City of Miami Beach's Comprehensive Plan 20 3.4. Safeguards for Redevelopment Carried out Pursuant to the Plan 21 3.5. Policy Guidelines for CRA Activities 22 4. Existing Conditions 24 4.1. Population and Households 24 4.2. Age Characteristics of the Population 25 4.3. Race and Ethnicity 26 4.4. Income, Employment& Education 27 4.5. Housing Characteristics 29 5. Real Estate Analysis 32 5.1. Miami Beach Real Estate Market Overview and Trends 32 5.2. Redevelopment Area Real Estate Trends and Drivers 33 6. Neighborhood Analysis 39 6.1. Town Center 39 6.2. Normandy Isles 41 6.3. West Lots 41 6.4. North Shore 42 7. Beautification and Infrastructure Analysis 43 7.1. Public Realm Improvements 43 7.2. Traffic and Pedestrian Safety 46 7.3. Multi-Modal Access 47 7.4. Parks,Gardens and Green Spaces 48 7.5. Adaptation Planning 48 8. Redevelopment Plan Concepts 50 8.1. Economic Development Drivers 50 3 The North Beach Community Redevelopment Agency Plan 8.2. Land Use and Zoning 52 8.3. Neighborhood Projects and Impacts 52 8.4. Resilience&Infrastructure 55 8.5. Regional Collaboration and Intergovernmental Coordination 57 9. Goals and Implementation Strategies 58 9.1. Redevelopment Goal 1: Provide Economic Development Opportunities for Businesses, Property Owners,and Residents. 59 9.2. Redevelopment Goal 2: Invest in Climate Resiliency,Sustainability&Infrastructure 60 9.3. Redevelopment Goal 3:Strengthen Cultural Arts, Branding& Marketing,and Communication 62 9.4. Redevelopment Goal 4: Protect and Enhance the Neighborhood Character 65 9.5. Redevelopment Goal 5: Improve the Quality of Life for Residents and Visitors 68 9.6. Redevelopment Goal 6: Leveraging Resources for Community Redevelopment 69 10. Financial Analysis 73 10.1. A Tax Increment Financing(TIF)Overview 73 10.2. Projected TIF Proceeds Over Time 75 11. Appendices 80 11.1. Appendix 1: Miami-Dade County Resolution No. R-619-20 declared an Area in the City of Miami Beach to be blighted and accepted the Finding of Necessity Study 80 11.2. Appendix 2: City Commission Resolution No. 2021-31596 created the North Beach Community Redevelopment Agency. 81 11.3. Appendix 3:Resolution No. delegated certain powers conferred on the County Commission by the Act to the City and the North Beach CRA to implement the Plan for the Redevelopment Area.82 4 The North Beach Community Redevelopment Agency Plan 1. Executive Summary In 1969, the Florida Legislature enacted the 6. Industry/Workforce/Economic Development Community Redevelopment Act, which appears in Organizations, Chapter 163 Part III of the Florida Statutes (the "Act"). 7. Real Estate and Development Community, and The legislative intent of the Act was to allow a 8. City Staff. municipality or county to create community During the public design charrette, the team redevelopment agencies (CRAB) to assist in the condensed feedback from more than 165 of 580 elimination of slum and/or blighted conditions. Slum attendees and also incorporated initiatives derived and blight are defined in the Act and must be from previous studies, reports, and master plans of established within a "finding of necessity" report relevance.The combined effort resulted in a consensus according to the statute. The findings determine the set of five guiding principles for planning purposes need for redevelopment and provide the foundation which are as follows: for the creation of a redevelopment plan to address slum and/or blighted conditions. Use the CRA to implement existing plans; Focus on short-term successes that build The City of Miami Beach, in July 2019,and Miami-Dade confidence; County, in July 2020, approved a Finding of Necessity Increase resilience; to create the Community Redevelopment Agency in Attract investment that is transformative, but North Beach the ("North Beach CRA" or the "CRA"). respectful of context;and The North Beach CRA Redevelopment Plan (the"Plan") Build staff capacity to represent North Beach. is a required component in the creation of the CRA, as it is a legal guiding document that defines authority Together, the guiding principles and the regulatory and parameters, while also highlighting restrictions framework governing community redevelopment and limitations. agencies resulted in the proposed Plan,which presents redevelopment goals and implementation strategies The North Beach CRA is designated to cover the area within a legal mechanism for identified methods to generally described as bounded on the north by 87thutilize CRA funding via tax increment revenue derived Terrace, on the south by 65 Street,on the east by the from within the designated boundary. Atlantic Ocean, and on the west by Rue Notre Dame. These redevelopment goals cover a range of project Preparation of the Plan was initiated with an extensive types across several implementation dimensions such process of public engagement,which included a public as scale, scope, cost, time duration, and potential town hall kick-off meeting followed by a virtual, week- impact outcomes. long public design charrette, both of which were intended to obtain public participation and feedback. Overall,the Plan generally envisions a vibrant, resilient During the charrette, several thematic focus groups community with a Town Center, increased housing were organized to listen to and collate views from a density, preservation of historic structures, access to diverse group of participants, including: recreational amenities, available public parking, and additional restaurant and retail offerings to support 1. Residents and Neighborhood Advocates, new and current residents. 2. Business Organizations, 3. Regional Groups, In summary,the Plan proposes six major categories of 4. Historic Preservationists, redevelopment goals and opportunities, as shown in 5. Affordable and Workforce Housing Advocates, the table below. 5 The North Beach Community Redevelopment Agency Plan No. Redevelopment Goal Description 1 Provide Economic This goal highlights opportunities to improve physical Development Opportunities for structures, create programs to increase occupancy, and Businesses, Property Owners, increase the variety of business offerings,as well as access and Residents to labor and training resources. 2 Invest in Climate Resilience, These are cross-cutting goals and address improvements Sustainability& Infrastructure necessary to support and implement the goals of the whole Plan, but focus on urban and landscape design, engineering and blue green stormwater infrastructure to build climate resilience to reduce risks from flooding,sea level rise, storms, high tides, and extreme heat. 3. Strengthen Cultural Arts, This expands on the "unique features" of the Branding& Marketing, and Redevelopment Area and begins with asset identification Communication and market positioning. Sample activities include heritage tourism, branding, marketing and communications, and signature promotional events. 4. Protect and Enhance the This goal builds on the look, feel, and movement within a Neighborhood Character residential area. It involves all aspects of land use, lot size, structure heights, and greenery, while also looking at business uses, walkable main streets, safe alleyways, and traffic flow. Sample areas include: Town Center, Normandy Isles Fountain Area,West Lots and North Shore. 5. Improve the Quality of Life for Quality of Life measures can be highly subjective, but Residents and Visitors almost always include measures related to access to parks and public spaces, health and well-being, and neighborhood quality. Sample activities include community spaces and enhanced public safety. 6. Leveraging Resources for Funding is achieved through many means including the Community Redevelopment North Beach CRA Trust Fund, grants, and financing. The CRA may need to leverage its annual funding to implement largescale capital projects. Should the CRA choose to bond or incur other debt to complete capital projects, a dedicated revenue source in the annual budget will need to be identified for debt service. The CRA can also utilize the full range of state, local, federal and other funding mechanisms for redevelopment depending on the project under consideration. 6 The North Beach Community Redevelopment Agency Plan The Plan contemplates the use of tax increment Figure 1 below shows Projections of Tax Increment financing (TIF) as a tool to stimulate economic Growth in the Redevelopment Area over the next 30 redevelopment and fund the goals and strategies years for three TIF revenue sharing rates to estimate shown above. The TIF approach estimates the future the potential revenues for the CRA:50%, 75%and 95% tax revenue to the City resulting from new real estate of the increment (after administrative fees). The TIF development along with increases to property values analysis uses a simple 3% property value growth rate for existing properties. At present, the "base year" across the 30-year TIF projection period. taxable value for the CRA Trust Fund is estimated at These forecasts are not predictions as market $1.477 billion USD(2020) based on Property Appraiser conditions and property values shift in unpredictable data. Future revenue projections are based on a 3% ways. The projections may be updated to reflect average annual growth rate of the Taxable Value (%); appropriate market conditions and millage rates as of and current City and County millage rates ($/$1,000 in the time the projections are made. value). FIGURE 1:PROJECTED TAX INCREMENT GROWTH IN THE REDEVELOPMENT AREA 95% -75% 50% $25,000,000 $20,348,799 $20,000,000 " 6,064,841 $15,000,000 $10,709,894 $10,000,000 $5,000,000 $- N V CO CO O N V CO CO O N V CO CO O N N N N C) CO CO CO CO �Y In O O O O O O O O O O O O O O O N N N N N N N N N N N N N N N Depending upon which revenue sharing option the Finally,this Plan has been prepared in accordance with taxing authorities ultimately select, the CRA may the Act. The adoption of this Plan and any subsequent generate $142 million dollars if the CRA receives 50% modifications or amendments shall follow the required of the increment, $213 million dollars if the CRA procedures through public hearings and the adoption receives 75% of the increment or as much as $270 of the necessary resolutions and ordinances. million dollars if the CRA were to receive 95% of the increment. 7 IV The North Beach Community Redevelopment Agency Plan 2. Introduction 2.1. Background to the North Beach CRA Over the last 25 years,several planning tools were created that presented compelling ideas about how to revitalize the North Beach area in the City of Miami Beach (North Beach is generally considered as the part of the City north of 63rd Street). Some of the main opportunities that had been proposed in the past still have the potential today to improve the quality of life for the residents of North Beach. One of the most recent plans for North Beach is the 2016 Plan NoBe, a master plan that identified projects to revitalize the area. Since the adoption of Plan NoBe,the City has executed some of the recommendations,such as establishing historic districts and identifying North Beach projects in the 2018 General Obligation '� f '' , 1 (G.O.)Bond.One of the most important .r y .�' . -'tli,�4 $ recommendations the City has !eft _ implemented from the 2016 Plan NoBe } " ��. I►.. was to establish a community ow ,'ir ;7+ _Id":, redevelopment agency, which the City ,a:., -.-,r. r;::...,.. ,r ._: 4 ', prioritized in 2019 with the approval of J....Li. '" iyjy1 ' �'"`►' �' = w -At the Finding of Necessity for the North • : ."' x = ' ti Beach CRA. o., 4.._ ��lS"r ", , 2.2. Redevelopment N ' " A� � i 1 • w � y a � l Area's Location c''� -;• . . ... r +. The following legal description '0". rt : "1 #, 3r describes that certain geographic area a �a ' { >ri -R of the North Beach CRA in the City of .77.':;!:-..,,- �° ''�`=r � 0 -y' r--- 'C Miami Beach, which area is referred to '' ?f,► �. 4 l� ` e as the Redevelopment Area and is 1, ,j ""' - ' '}1 generally described as bounded on the J., ...,` 3''' • 4+� ►'4 north by 87th Terrace, on the south by ;•\, 65th Street, on the east by the Atlantic 4.''r -° . .. , t t-_--r►+. `" Ocean, and on the west by Rue Notre ' '�•"' .f li.;A, . ' ./; rf., Dame.The Redevelopment Area covers,' a ,, g �. • ‘,..-r•-•_41.--,. ," 326.4 acres (0.51 square miles). � ,- �. �• ei �.,�� 'Y u e . ,,, __, . ,., r 5 .. t't'•,s 1� ' . FIGURE 2:THE REDEVELOPMENT AREA'S A • 7' Y BOUNDARIES n ! "': �Glti-r1' ei,' 1t ` S►' 8 ' '7.":".:°='-' o-.w,....e... ........,.wM Legend 1,. �•'og _ oa.Mort Beau,CMa The North Beach Community Redevelopment Agency Plan Legal Description Being a parcel lying in a portion Section 2,Township 53 South, Range 42 East, Miami-Dade County,City of Miami Beach, Florida. Begin at the intersection of the North line of said Section 2 said line also being the Northern Limits of the City of Miami Beach with the Erosion Control Line, according to the plat thereof as recorded in Plat Book 105, Page 62 of the Public Records of Miami-Dade County Florida; Thence Southerly along the said Erosion Control line to the intersection with the extension of the northerly right of way line of 79th Street (Eulalla St as labeled on plat) Altos Del Mar No.2 according to the plat there as recorded in Plat Book 8, Page 41 of the public records of Miami-Dade County Florida; Thence Westerly along the northerly right of way line and its extensions of said 79th Street to the intersection with the Easterly right of way line of Collins Avenue according to said plat; Thence Southerly along the said easterly right of way line and its extensions of Collins Avenue to the intersection with the northerly right of way line of 77th Street (Clematis Street as labeled on said plat); Thence Easterly along the northerly right of way line of said 77th Street and its extensions to the intersection with the said Erosion Control Line; Thence Southerly along the Erosion Control Line to the intersection with north line of a 20 foot side alley "Atlantic Heights" according to the plat thereof as recorded in Plat Book 4, Page 146, of the public records of Miami-Dade County Florida; Thence westerly along the northerly line of said 20 foot alley to the intersection with the easterly right of way line of Collins Avenue according to said plat; Thence Southerly along the said easterly right of way line of Collins Avenue to the intersection with the northerly line of Lot 44 Block 1"Amended Plat of 2nd Ocean Front Subdivision" according to the plat thereof as recorded in Plat Book 105, Page 62, of the public records of Miami-Dade County Florida; Thence Easterly along the north line of said Lot 44 to the intersection with the Erosion Control Line; Thence Southerly along the Erosion Control Line to the intersection with the southerly line of said Lot 44 Block 1; Thence Westerly along the said southerly line of Lot 44 to the intersection with the easterly right of way line of Collins Avenue according to said plat; Thence Northerly along the said easterly line of Collins Avenue to the intersection with the easterly extension the northerly right of way line of 67th Street; Thence Westerly along the said northerly right of way line of 67th Street to the intersection with the easterly right of way line of Indian Creek Drive; Thence Northwesterly along the said easterly right of way line of Indian Creek Drive to the intersection with the south line of Block 15, "Normandy Beach South" according to the plat thereof as recorded in Plat Book 21, Page 54 of the public records of Miami-Dade County Florida; Thence Westerly along the southerly lines and the extensions of Blocks 15, 16 and 17 to the intersection with the easterly boundary of Block 1, "Ocean-Side Section of the Isle of Normandy", according to the plat thereof as recorded in Plat Book 25, Page 60, of the public records of Miami-Dade County, Florida; The following Ten (10) courses are according to said "Ocean-Side Section" plat; (1)Thence Southerly along said easterly line of Block 1 to the intersection with the south line of Lot 17 of said Block 1; (2)Thence Westerly along the said southerly line of Lot 17 and its extension to the intersection with the westerly right of way line of Bay Drive: (3)Thence Southerly and Westerly along said right of way and its extension of Bay Drive through the transition to the easterly right of way line of Rue Versailles; (4)Thence Northerly along the said easterly right of way line 9 The North Beach Community Redevelopment Agency Plan and its extension of Rue Versailles to the intersect with the northerly right of way line of Biarritz Drive; (5) Thence Westerly along the northerly right of way line of said Biarritz Drive through the transition to the easterly right of way of Rue Notre Dame; (6)Thence Northwesterly along the said easterly right of way and its extensions of said Rue Notre Dame through the transition to the southerly right of way line of Marseille Drive; (7) Thence Easterly along the said southerly right of way and its extensions to the transition to westerly right of way line of Bay Drive; (9)Thence southerly along the westerly right of way of said Bay Drive to the intersection with the southerly line of Lot 10, Block 2; (10)Thence Northeasterly along the southeasterly extension and the southerly line of said Lot 10 to the easterly line of Block 2 of said "Ocean-Side Section of the Isle of Normandy"; Thence Northwesterly to the intersection with the north line of Block 1, "Normandy Beach South" according to the plat thereof as recorded in Plat Book 21, Page 54 of the public records of Miami-Dade County Florida; Thence Easterly along the southerly lines and the extensions of Blocks 1, 2 and 3 to the intersection with the easterly Mean High line of a Canal, as shown on "Park View Island" according to the Plat thereof as recorded in Plat Book 60, Page 6, of the public records of Miami-Dade County Florida; Thence Northerly along said easterly Mean High Water Line to the intersection the northerly Mean High Water Line of said Canal'; Thence Westerly along said northerly Mean High Water Line of said Canal and through transition to the easterly Mean High Water Line of Tatum Waterway as shown on "Tatum Waterway Subdivision" according to the plat thereof as recorded in Plat Book 46, Page 2, of the public records of Miami-Dade County Florida; Thence Northerly along said easterly Mean High Water Line to the intersection with the northerly right of way line of 77th Street; Thence Easterly along said northerly right of way line and its extensions to the intersection with the westerly right of way line of Dickens Avenue (Fifth Avenue as labeled on plat) "Altos Del Mar No.3" according to the plat thereof as recorded in Plat Book 8, Page 41, of the public records of Miami-Dade County Florida; Thence Southerly along said westerly right of way line and its extensions of Dickens Avenue to the intersection with the southerly right of way line 75th Street (Allamanda Street as labeled on plat); Thence Easterly along said southerly right of way line of and its extensions of 75th Street to the intersection with the westerly right of way line of Collins Avenue "Corrected Plat of Altos Del Mar No.1" according to the plat thereof as recorded in Plat Book 31, Page 40 of the public records of Miami-Dade County Florida; Thence Northerly along said westerly right of way line and its extensions of Collins Avenue to the intersection with southerly right of way line of 79th Street(Eulalla Street as labeled on plat); Thence Westerly along the southerly right of way line of said 79th Street and its extensions to the intersection with the westerly right of way line of Collins Court;Thence Northerly along the westerly right of way line of said Collins Court and it extensions according to said plat of"Altos Del Mar No.3", Plat of Hansworth Beach Subdivision" according to the plat thereof as recorded in Plat Book 41, Page 2 and Beach Bay Subdivision" according to the plat thereof as recorded in Plat Book 44, Page 25 of the public records of Miami-Dade County Florida to the intersection with the northerly right of way line 87th Terrace (Nasturtium Street as labeled on said plat of"Altos Del Mar No.2" said line also being the North line of said Section 2 and the Northern Limits of the City of Miami Beach; Thence Easterly along said northerly line to the intersection with the Erosion Control Line to the Point of Beginning. 10 The North Beach Community Redevelopment Agency Plan 2.3. The Redevelopment Planning Process The planning process for the North Beach CRA Virtual Public Design Charrette Redevelopment Plan included extensive public engagement as detailed below. The comments From Monday, January 11, 2021 through Friday, received from city staff and the public during this January 15, 2021, the consultant team hosted a series process informed the recommendations in this Plan to of meetings to engage the community in a public ensure the community has a voice in the vision for the charrette. North Beach CRA. Kick-Off Presentation 2.3.1. Public Engagement The charrette week started with 150 virtual attendees Public Town Hall and Kick-Off Meeting to the January kick-off presentation to orient the public Prior to the public design charrette, the team to the project with similar presentations to the conducted a public kick-off meeting to introduce the December project kickoff meeting for those that didn't public engagement portion of the project to the attend,and an overview of the upcoming events of the community and gain momentum for the upcoming week, as well as a small group exercise to get more virtual charrette. On December 15, 2020, the City direct feedback. The small group exercise consisted of hosted a virtual public town hall and kick-off meeting groups of less than eight (8) participants sorted into attended by over 80 participants. The Administration Zoom breakout rooms hosted by the consultant team introduced to the public the City's consultant team to lead participants through two exercises. First, engaged to prepare the Plan, Daedalus Advisory participants were asked which of the following Services, Dover Kohl & Partners, and Redevelopment categories of potential CRA projects and initiatives are Management Associates. The consultant team most important: Infrastructure and Resilience, delivered a presentation that covered background, Transportation and Mobility, Housing and Historic procedure, and process about the CRA and Preservation, Community Revitalization and Economic Redevelopment Plan, including the timetable for Development,and Parks and Recreation.The results of adoption of the Plan in Spring/Summer 2021. which are shown below, with Community Revitalization and Economic Development as the most Meeting presentation topics included the powers and important among the majority of participants, limitations of the CRA, the relationship between the followed by Infrastructure and Resilience. Second, the Plan and Plan NoBe (2016), and the participatory role participants were asked to identify specific project of the community that will be instrumental in crafting ideas within the category that was most important to a Plan that transforms North Beach. Much of the them. These project ideas helped inform the informational meeting was interactive, consisting of consultant team about content for the Plan. audience engagement polls and public comment. During the question-and-answer segment, members of the public expressed a shared goal for revitalization of North Beach and the desire for transparency throughout the process. 11 The North Beach Community Redevelopment Agency Plan FIGURE 3:AUDIENCE VIEWS OF THE IMPORTANCE OF VARIOUS CRA AREA INITIATIVES What Categories Are Most Important to You? 40 30 N 20 O a 0 E 2 10 0 Infrastructure and Transportation and Housing and Historic Community Parks and Recreation Resilience Mobility Preservation Revitalization and Economic Development Project Categories Charrette Week During the week-long public design charrette, the consultant team and City staff lead eight (8) focus group meetings and four (4) open studio sessions, while working on potential design and policy solutions for the Redevelopment Area. Virtual Open Studio Following the kick-off presentation, the consultant team lead virtual open studios available to the public to join via Zoom and also made accommodations for in-person participation by request. The public was invited and encouraged to join the team from 11 am to noon and 5pm to 6pm on both Tuesday and Thursday to listen to an overview of the work produced so far, engage in discussions about the potential solutions, and bring suggestions. The goal during this time was to identify key priorities and to build consensus on a vision and direction for the future of the Redevelopment Area and North Beach at-large. The open studio sessions allowed the public to engage with designers(who could share their screens to show draft work-in-progress)as well as interact with city officials and other consultants. Residents, business owners, advocates, and developers visited the open design studio sessions with ideas to further improve the Plan. With almost 60 registrants to each of the four (4) virtual open studios, generally 20 members of the public participated in the virtual meeting at one time, as the public could come and go throughout the studio time based on the flexible discussion format. 12 The North Beach Community Redevelopment Agency Plan Focus Group Meetings During the charrette week, the consultant team held virtual meetings with specific focus groups to learn about how current efforts, concerns, and future goals might be included as a part of the Plan.The Focus Groups were 1. Residents and Neighborhood Advocates, 2. Business Organizations, 3. Regional Groups, 4. Historic Preservationists, 5. Affordable and Workforce Housing Advocates, 6. Industry/Workforce/Economic Development Organizations, 7. Real Estate and Development Community, and 8. City Staff. Focus group participants represented the following groups and organizations: • Miami Beach United • Miami-Dade County • Miami Beach Adult& • Stillwater Drive HOA Department of Regulatory and Community Education Center • Normandy Shores HOA Economic Resources • Greater Miami and the • Altos del Mar HOA • Miami Design Preservation Beaches Hotel Association • Miami Beach Chamber of League • Mt. Sinai Medical Center Commerce • Neighborhood Organization to • CareerSource South Florida • Normandy Fountain Business Save North Beach • Urban Centric Analytics Association • Affordable Housing Advisory • Lambert Advisory • Lincoln Road Business Committee • Kahunah Properties Improvement District • Miami Beach Community • Claro Development • Washington Avenue Business Development Corporation • Turnberry Improvement District • Housing Authority of Miami • Terra Group • South Florida Regional Beach • Pacific Star Capital Planning Council • The Beacon Council • FWD Group • City of Miami Beach • PACE Equity • Lease Florida Work-In-Progress Presentation The charrette week culminated with a "Work-in-Progress" presentation on Friday,January 15, 2021 to summarize the week's events, present the ideas gathered from the community, show how many of these same ideas were implemented in other CRAs throughout Florida, and discuss how these ideas would be incorporated into the Plan going forward. 13 The North Beach Community Redevelopment Agency Plan ONE word that comes to mind about North Beach NOW sunshinedelayed locallife y acep ote n t i P a hustratingodern to rgotte nfamily-focused corruption funky charminga,decaying dilapidateduhurry �disappointmen`t colonialoppression slower neighborhood ONE word that comes to mind about North Beach IN THE FUTURE beautiful walkable ove•built L FOren'renovated live u ' :I tJ youthful . S safe re n ovation creative unique =affordable impossible venire a�state rising family destroyedby greedf ri e n d ly scale welcoming u rise affordablehousing thriving The overall goal of the Plan became: "To craft a widely-supported redevelopment plan for the CRA that inspires residents, investors and public officials with what is possible for Miami Beach's North Beach." The emphasis was on the phrase "widely-supported." The five (5) guiding principles of the Plan which came out of the charrette were: 1. Use the CRA/TIF to implement existing plans: The community wanted to see public monies used to implement community-endorsed existing plans including Plan NoBe, and various park plans, mobility plans, affordable housing plans, and resilience plans.The community wanted to see funds utilized to help build the Town Center and make Town Center the "Downtown"for North Beach.The community wanted to see CRA monies used to upgrade water and sewer infrastructure, stormwater infrastructure and to support development in the Town Center. 2. Focus on short-term successes that build confidence: Start with "low-hanging fruit" like facade improvements on historic buildings, repaired storefronts, added awnings, replanted street trees, new trash receptacles,and new benches. Participants mentioned wanting to improve the look of the area with signage upgrades to welcome signs, business signs and wayfinding. The community wanted to support temporary uses, pop-up retail and restaurants, whether in vacant shopfronts or on vacant lots. 3. Increase resilience: Charrette participants talked about how Miami Beach faced major sustainability and resilience challenges and how CRA funds should not just be limited to beautification. Participants 14 The North Beach Community Redevelopment Agency Plan expressed a desire to see the City and CRA elevate streets, parks, and buildings, build seawalls and replenish beaches. Participants wanted stormwater stored under streets and public lands temporarily to avoid flooding. Some expressed wanting the City to invest in new pumps and pipes to keep North Beach dry. They talked about "greening up" the neighborhood with more landscaping and trees that could perhaps be used to mitigate minor rain events. Many talked about making North Beach a complete, multi- modal place where people are less reliant on cars in order to reduce the island's carbon footprint. 4. Attract investment that is transformative,but respectful of context:Participants requested that the plan spur business attraction, retention, expansion, and entrepreneurship. Charrette participants wanted to see the plan increase homeownership as well as business ownership. They wanted to improve the multi- family districts but also to protect the Naturally Occurring Affordable Housing (NOAH) and continue to build affordable and workforce housing stock(especially for families).The community expressed wanting to keep North Beach a family-friendly, unique, beach community that was artistic, chic, and authentic. Participants wanted the CRA to facilitate the adaptive reuse and resilience of historic structures. They wanted more entertainment and cultural options and a range of shops and restaurants. 5. Build staff capacity to represent North Beach:The public wanted to see the CRA dedicate staff to attract investment, connect tenants with empty spaces, interact with business owners and coordinate projects, programs and initiatives. Participants wanted staff to work with the Regional Planning Council and County on joint projects in order to leverage local monies to secure matching grants. The public imagined City staff marketing the neighborhood to investors who would recognize the value of and potential of North Beach. 3. Administration & Governance Understanding what is legally allowed and required, impacts CRA implementation strategies and initiatives. The Administration &Governance section provides guidance as to the functional mechanics of the CRA, its authority, duties, responsibilities, and policy guidelines that protect and restrict how funds can be used and how decisions are made. 3.1. Power and Authority of the Community Redevelopment Agency On July 17, 2019, via Resolution No. 2019-30892, the On February 10, 2021,the Mayor and City Commission Mayor and Commission of the City of Miami Beach of the City of Miami Beach, via Resolution No. 2021- adopted a Finding of Necessity, declaring that a 31596 (Appendix 2), established the North Beach CRA. blighted area exists in North Beach (the North Beach This Community Redevelopment Plan for the North Redevelopment Area). On July 8, 2020, the Miami- Beach CRA will give the City of Miami Beach the power Dade Board of County Commissioners via Resolution to implement the Plan, while confirming that the City, No. R-619-20 (Appendix 1) accepted the Finding of the County, and the North Beach CRA have entered Necessity and delegated to the City of Miami Beach the into an Interlocal Agreement which provided for a time powers to create the North Beach CRA and to prepare certain for completion of redevelopment activities and and adopt a community redevelopment plan (the delineate responsibilities of the North Beach CRA, City Plan). of Miami Beach, and Miami-Dade County with respect to redevelopment. Resolution No. (Appendix 3) 15 The North Beach Community Redevelopment Agency Plan delegated certain powers conferred on the County this Plan or by the Interlocal Agreement between Commission by the Act to the City and the North Beach Miami-Dade County, the City, and the North Beach CRA to implement the Plan for the Redevelopment CRA. Area. The resolution provided for Miami-Dade County Although not required by state statute, an Ad Hoc to retain specific powers as follows: North Beach CRA Advisory Committee was also created • Pursuant to section 163.357 of the Act, one to make advisory recommendations to the member of the County Commission, or a County Administration and the City Commission,from a macro Commission designee, may be appointed to serve perspective, regarding the North Beach CRA. This on the North Beach CRA's Board (in addition to the Advisory Committee has certain powers, which can be other members appointed to the North Beach CRA modified by City Commission: Board of Commissioners (the "North Beach CRA 1. Providing advisory recommendations regarding Board" or"Board") the initial creation of the proposed • The County Mayor or the County Mayor's designee Redevelopment Plan; and shall designate a Redevelopment Area Coordinator 2. Providing advisory recommendations regarding (the "Redevelopment Area Coordinator"). The the public projects which would be included in Redevelopment Area Coordinator shall serve as the proposed Redevelopment Plan for the North the County's liaison to the North Beach CRA for the Beach CRA, including recommendations relative Redevelopment Area; to the overall timing, cost efficiencies, and • All proposals related to amendments to the Plan prioritization of proposed public projects in the and proposals for indebtedness, loans or bond North Beach Redevelopment Area; and financing pledging tax increment revenues shall be 3. Provide advisory recommendations regarding subject to review and approval first by the City the proposed interlocal agreement with Miami- Commission and then by the County Commission; Dade County relating to the North Beach CRA, and and all related matters pertaining to the initial • The City Commission's and the County establishment of the North Beach CRA. Commission's approval as to amount, duration, and purpose of bonds, notes, or other indebtedness,and advances pledging or obligating tax increment revenues, must be obtained prior to issuance of any such bond, note, or other form of indebtedness and advances pledging or obligating tax increment revenues. Powers The powers of the North Beach CRA shall comply with Chapter 163, Part Ill, Florida Statutes (F.S.) and the Interlocal Agreement between the North Beach CRA, the City of Miami Beach, and Miami-Dade County. All powers provided by the governing statute shall be granted to the CRA unless specifically prohibited by 16 The North Beach Community Redevelopment Agency Plan Interlocal Agreement Delegation of Powers d. The power to dispose of any property acquired in the Redevelopment Area at its fair value as A. With the exception of the community provided in section 163.380 of the Act, for uses in redevelopment powers that continue to vest with accordance with the Plan; the County Commission pursuant to section 163.358 of the Act,the North Beach CRA shall have e. The power to carry out plans for a program of the right and sole responsibility to exercise the voluntary or compulsory repair and rehabilitation following redevelopment powers specifically of buildings or other improvements in accordance delegated by the County Commission pursuant to with the Plan; section 163.370 of the Act, as may be amended f. The power to acquire real property in the from time to time: Redevelopment Area by purchase, lease, option, 1. The power to make and execute contracts and gift, grant, bequest, devise, or other voluntary other instruments necessary or convenient to method of acquisition which, under the Plan, is to the exercise of its powers pursuant to the Act. be repaired or rehabilitated for dwelling use or related facilities, repair or rehabilitation of the 2. The power to disseminate information structures for guidance purposes,and resale of the regarding slum clearance and community property, or otherwise put to use for the public redevelopment. good as set forth in the Plan; 3. The power to undertake and carry out g. The power to acquire any other real property in community redevelopment and related the Redevelopment Area by purchase, lease, activities within the Redevelopment Area, option, gift, grant, bequest, devise, or other which redevelopment may include: voluntary method of acquisition, when necessary a. Acquisition of a slum area or a blighted to eliminate unhealthful, unsanitary or unsafe area or portion thereof by purchase,lease, conditions; eliminate obsolete or other uses option, gift, grant, bequest, devise, or detrimental to the public welfare; or otherwise,to other voluntary method of acquisition; remove or prevent the spread of blight or deterioration or to provide land for needed public b. Demolition and removal of buildings and facilities; improvements; h. The power to acquire, without regard to any c. Installation, construction, or requirement that the area be a slum or blighted reconstruction of streets, utilities, parks, area, air rights in an area consisting principally of playgrounds, public areas of major hotels land over highways, railway or subway tracks, that are constructed in support of bridge or tunnel entrances, or other similar convention centers, including meeting facilities which have a blighting influence on the rooms, banquet facilities, parking garages, surrounding area and over which air rights sites are lobbies, and passageways, and other to be developed for the elimination of such improvements necessary for carrying out blighting influences and for the provision of in the Redevelopment Area the housing (and related facilities and uses) designed community redevelopment objectives of specifically for, and limited to, families and the Act in accordance with the Plan; individuals of low or moderate income; 17 The North Beach Community Redevelopment Agency Plan i. The power to construct the foundations and 7. The power to hold, improve, clear or prepare for platforms necessary for the provision of air redevelopment any property within the rights sites of housing(and related facilities and Redevelopment Area acquired by the North Beach uses) designed specifically for, and limited to, CRA; families and individuals of low or moderate 8. The power to mortgage, pledge, hypothecate, or income. otherwise encumber or dispose of any real 4. The power to provide, or to arrange or contract property within the Redevelopment Area; for, the furnishing or repair by any qualified, 9. The power to insure or provide for the insurance licensed person or agency, public or private, of of any real or personal property within the services, privileges, works, streets, roads, bridges, Redevelopment Area or operations of the North public utilities, or other facilities for, or in Beach CRA against any risks or hazards, including connection with,the Plan;to install,construct,and the power to pay premiums on any such insurance; reconstruct streets, bridges, utilities, parks, playgrounds, and other public improvements; and 10. The power to enter into any contracts necessary to to agree to any conditions that it deems necessary effectuate the purposes of the Act; and appropriate, which are attached to federal 11. The power to solicit requests for proposals for financial assistance and imposed pursuant to redevelopment of parcels of real property within federal law relating to the determination of the Redevelopment Area contemplated by the prevailing salaries or wages or compliance with Plan to be acquired for redevelopment purposes labor standards, in the undertaking or carrying out by the North Beach CRA and, as a result of such the Plan and related activities, and to include in requests for proposals, to advertise for the any contract authorized by the North Beach CRA in disposition of such real property to private persons connection with such redevelopment and related or entities pursuant to section 163.380 of the Act, activities, provisions to fulfill such of the conditions prior to acquisition of such real property by the as it deems reasonable and appropriate; North Beach CRA; 5. The power to enter into any building or property in 12. The power to invest any community the Redevelopment Area in order to make redevelopment funds held in reserves or sinking inspections, surveys, appraisals, soundings, test funds or any such funds not required for borings, or contamination tests, with the immediate disbursement in property or securities permission of the owner(s)and to request an order in which savings banks may legally invest funds for this purpose from a court of competent subject to their control and to redeem such bonds jurisdiction in the event entry is denied or resisted; as have been issued pursuant to section 163.385 of 6. The power to acquire by purchase, lease, option, the Act,at redemption price established therein or gift, grant, bequest, devise or otherwise any real to purchase such bonds at less than the property within the redevelopment area (or redemption price, all such bonds so redeemed or personal property for its administrative purposes), purchased to be canceled; together with any improvements thereon; 13. Subject to prior approval of the City Commission discretion of the City Commission and County and the County Commission, which approval or Commission, the power to borrow money and to disapproval shall be in the sole and absolute apply for and accept advances, loans, 18 The North Beach Community Redevelopment Agency Plan contributions, and any other form of financial 15. The power to develop, test, and report methods assistance from the Federal Government or the and techniques,and carry out demonstrations and state, county, or other public body or from any other activities, for the prevention and the sources, public or private, for the purposes of the elimination of slums and urban blight and Act, and as a condition of the award of such loan developing and demonstrating new or improved or contribution, to give such security as may be means of providing housing for families and required and to enter into and carry out contracts persons of low income; and or agreements in connection therewith; and to 16. The power to apply for, accept, and utilize grants include in any contract for financial assistance with of funds from the Federal Government for such the Federal Government for or with respect to purposes;and community redevelopment and related activities such conditions imposed pursuant to federal laws 17. The power to prepare plans for and assist in the as the Agency deems reasonable and appropriate relocation of persons (including individuals, which are not inconsistent with the purposes of families, business concerns, nonprofit the Act. It is the expressed intent of the North organizations, and others) displaced from the Beach CRA not to issue bonds or use any other Redevelopment Area and to make relocation form of indebtedness until such time as required payments to or with respect to such persons for by a development when bonding or indebtedness moving expenses and losses of property for which is required to complete the project. reimbursement or compensation is not otherwise made, including the making of such payments 14. The power to make or have made all surveys and financed by the Federal Government; and plans necessary to the carrying out of the purposes of the Act; to contract with any person, public or 18. The power to appropriate such funds and make private, in making and carrying out such plans; and such expenditures as are necessary to carry out the to adopt or approve, modify, and amend such purposes of the Act; to make a request to rezone plans,which plans may include, but are not limited any part of the City or the County or make to: exceptions from, or revisions to, building regulations; and to enter into agreements with a a. Plans for carrying out a program of voluntary housing authority, which agreements may extend or compulsory repair and rehabilitation or over any period, notwithstanding any provision or buildings and improvements; and rule of law to the contrary, respecting action to be b. Plans for the enforcement of state and local taken by such county or municipality pursuant to laws, codes, and regulations relating to the any of the powers granted by the Act; and use of land and the use and occupancy of 19. The power to make a request to the appropriate buildings and improvements and the authority to close, vacate, plan, or replan streets, compulsory repair, rehabilitation, demolition, roads,sidewalks, ways, or other places and to plan or removal of buildings and improvements: or replan any part of the City or the County; and and 20. The power to provide funding to support the c. Appraisals, title searches, surveys, studies, development and implementation of community and other plans and work necessary to policing innovations, subject to any budgetary prepare for the undertaking of community limitations set forth in the Interlocal Agreement; redevelopment and related activities; and and 19 The North Beach Community Redevelopment Agency Plan 21. The right to exercise any other power that the part, with funds on deposit within the Florida Legislature grants to community community redevelopment trust fund. redevelopment agencies after the date of the 3. General government operating expenses Interlocal Agreement, subject to approval of unrelated to the planning and carrying out of the exercise of such power by the City the Plan. Commission, and if approved by the City Commission, subsequent approval by Miami In addition, Florida Statute section 163.370, Powers; Dade County. counties and municipalities; community redevelopment agencies, states: A community 22. Nothing in the Interlocal Agreement is redevelopment agency shall procure all commodities intended to prohibit the County and the City and services under the same purchasing processes and from exercising their sovereign powers as requirements that apply to the county or municipality prescribed by law. that created the agency. B. The following powers may not be paid for or financed by increment revenues: Authority to Undertake Redevelopment 1. Construction or expansion of administrative The Plan has been prepared in accordance with the building for public bodies or police and fire Act. The adoption of the Plan and any subsequent buildings, unless each taxing authority agrees modifications or amendments shall follow the required to such method of financing for the procedures through public hearings and the adoption construction or expansion, or unless the of the necessary resolutions and ordinances. construction or expansion is contemplated as part of a community policing innovation. 3.2. Time Requirements to Complete Redevelopment 2. Installation, construction, reconstruction, repair or alteration of any publicly-owned Projects capital improvements or projects, if such The time certain for completion of redevelopment projects or improvements were scheduled to projects included in the Plan is 30 years from adoption. be installed, constructed, reconstructed, The time certain for the completion of redevelopment repaired, or altered within three years of the projects pursuant to the adopted Plan shall be approval of the Plan by the County consistent with the Plan,the Interlocal Agreement with Commission pursuant to a previously Miami-Dade County and Florida Statutes. approved public capital improvement or 3.3. Conformity with the City of project schedule or plan of Miami-Dade County as the governing body which approved Miami Beach's Comprehensive the Plan, or the City, unless and until such Plan projects or improvements have been removed An analysis of the Plan's conformity with the City of from such schedule or plan of Miami Dade Miami Beach Comprehensive Plan (2019) was County or the City and three years have conducted by City staff and the Local Planning Agency, elapsed since such removal or such projects or the City of Miami Beach Planning Board, which improvements were identified in such concluded that the Plan is in substantial conformance schedule or plan to be funded, in whole or in with the City's Comprehensive Plan. 20 The North Beach Community Redevelopment Agency Plan 3.4. Safeguards for Redevelopment 3. Include a finding by the auditor as to whether the community redevelopment agency is in Carried out Pursuant to the compliance with subsections (6) and (7) of s. Plan 163.387 Redevelopment trust fund. The North Beach CRA shall be subject to the Florida The audit report for the North Beach CRA must Sunshine Law and will meet as necessary to carry out accompany the annual financial report submitted by the business of the Agency. The North Beach CRA the county or municipality that created the agency to Board has publicly adopted by-laws or procedures to the Department of Financial Services as provided in s. govern its activities and ratify its administrative 218.32, regardless of whether the agency reports policies. The by-laws or procedures are the separately under that section and the agency shall administrative documents by which the North Beach provide a copy of the audit report to each taxing CRA operates. authority. The North Beach CRA shall provide adequate On March 31 of each year, the North Beach CRA shall safeguards to ensure that all leases, deeds, contracts, file an annual report with the County and City and agreements,and declarations of restrictions relative to publish the report on the agency's website.The report any real property conveyed shall contain restrictions, must include the following information: covenants running with the land and its uses, or other such provisions necessary to carry out the Goals and A. (The most recent complete audit report of the Implementation Strategies of this North Beach redevelopment trust fund as required in s. Community Redevelopment Plan. 163.387(8). If the audit report for the previous year is not available by March 31,a community The North Beach CRA shall maintain adequate records redevelopment agency shall publish the audit to provide for a financial audit each fiscal year by an report on its website within 45 days after independent certified public accountant or firm. Each completion. financial audit conducted pursuant to the statute must be conducted in accordance with rules for audits of B. The performance data for each plan local governments adopted by the Auditor General, authorized, administered, or overseen by the and as required by Florida Statues as may be amended community redevelopment agency as of from time to time. The audit report must: December 31 of the reporting year, including the: 1. Describe the amount and source of deposits into, and the amount and purpose of 1. Total number of projects started and withdrawals from, the trust fund during such completed and the estimated cost for each fiscal year and the amount of principal and project. interest paid during such year on any 2. Total expenditures from the indebtedness to which increment revenues redevelopment trust fund. are pledged and the remaining amount of such indebtedness. 3. Original assessed real property values within the community redevelopment 2. Include financial statements identifying the agency's area of authority as of the day the assets, liabilities, income, and operating agency was created. expenses of the CRA as of the end of such fiscal 4. Total assessed real property values of year. property within the boundaries of the 21 The North Beach Community Redevelopment Agency Plan community redevelopment agency as of C. A summary indicating to what extent, if any, January 1 of the reporting year. the CRA has achieved the goals set out in its 5. Total amount expended for affordable Redevelopment Plan. housing for low-income and middle- The North Beach CRA shall file all reports necessary income residents. each year to comply with the "Special Districts" requirements of the state of Florida. 3.5. Policy Guidelines for CRA 5. The North Beach CRA shall pursue compliance with the goals, objectives, and guidelines that are Activities established by the City's development review The North Beach CRA shall be empowered to take all boards for all development and redevelopment actions necessary to ensure the successful activities it supports or initiates. achievement of the Plan goals. Specific activities recommended to achieve the goals are highlighted in 6. The North Beach CRA shall work towards Implementation Strategies. More general direction is leveraging the maximum amount of financing provided by the Concept Plan and the Guiding resources possible to assist in the redevelopment. Principles. 7. The North Beach CRA shall actively pursue the The following policy guidelines are provided to assist purchase and/or redevelopment of vacant or the North Beach CRA and its staff in the abandoned properties in the redevelopment area implementation of redevelopment programs and as a priority. activities. 8. The North Beach CRA shall identify and actively 1. The North Beach CRA shall work together with the pursue successful projects in its earliest stages to City and all of its departments towards the shared increase public awareness and support for its goals of improving the quality of life for all citizens, longer range challenges and programs. businesses, and property owners in the 9. The North Beach CRA will actively partner with Redevelopment Area. both public and private sector entities towards the 2. The North Beach CRA shall work with the private achievement of its redevelopment goals and to sector, financial institutions, and interested gain the maximum leveraging of assets and investors to the fullest extent it deems reasonable cooperation. to facilitate the maximum investment of private 10. The North Beach CRA, in cooperation with local funds in the Redevelopment Area. residents, businesses, property owners, and 3. The North Beach CRA shall work and communicate development interests, shall seek to identify and with all interested community groups towards the rehabilitate significant historical and cultural successful realization of all redevelopment goals elements of the community if viable. and the successful implementation of all 11. Where appropriate, the North Beach CRA shall redevelopment programs. encourage and facilitate an integrated system of 4. The Plan shall serve as the primary policy guide and pedestrian circulation, parks, and open space in provide the primary tools for the City's the Redevelopment Area with special emphasis on redevelopment efforts within the North Beach providing residents with easy and safe access to Community Redevelopment Area. commercial locales. 22 The North Beach Community Redevelopment Agency Plan 12. The North Beach CRA shall support and participate 18. The North Beach CRA shall undertake annual in the provision of an efficient parking system continuous improvement programs and other throughout the Redevelopment Area. activities that are designed to prevent the 13. The North Beach CRA shall encourage that water recurrence and spread of negative conditions. distribution systems, wastewater conveyance 19. The North Beach CRA, in cooperation with the systems, and stormwater drainage systems Miami Beach Police Department, Miami Beach Fire accommodate present and future demands in a Department, and Code Compliance Department, timely, cost-efficient, and equitable manner while shall work to create a safe,quality environment for protecting the health, safety, and welfare of the residents and businesses. system users and the environment. 20. The North Beach CRA shall work with citizen 14. The North Beach CRA shall support in groups, the School Board of Miami-Dade County, environmental clean-up activities where and vocational and higher education institutions to environmental problems are an obstacle to identify opportunities for additional or improved successful redevelopment. educational facilities, structures, and sites within 15. The North Beach CRA shall provide for priority to the Redevelopment Area. be given to residents of the redevelopment area, 21. The North Beach CRA shall assist the City and other and secondly to those of City of Miami Beach, to governmental entities to promote alternative purchase or lease homes or dwelling units modes of transportation and maximize transit developed under the North Beach Community facilities and related economic and community Redevelopment Plan to the extent the law allows. uses. 16. The North Beach CRA shall consider providing a 22. The North Beach CRA shall implement programs priority to local business entities for their that assist in removing the financial obstacles that participation in all redevelopment programs to the may occur and prevent otherwise successful extent it deems legal and in the public interest. redevelopment projects and activities. 17. The North Beach CRA, with the assistance of 23. The North Beach CRA will work in concert with the neighborhood-based organizations, housing goals of the City of Miami Beach 2040 finance agencies, financial institutions, Comprehensive Plan, in addition to those government, development interests, and real established by Florida Statutes as they relate to the estate representatives,shall preserve and enhance Plan. existing residential areas to provide a variety of housing opportunities for all income levels. 23 The North Beach Community Redevelopment Agency Plan 4. Existing Conditions The Existing Conditions section provides a starting point for measuring future success. It identifies the conditions and/or assets the North Beach CRA should preserve and protect while also identifying conditions to mitigate and/or improve. It shows changes in demographics, households, and income distributions within the Redevelopment Area - information that supports later North Beach CRA strategies and tactics. The graphs and data used in this section apply to only the Redevelopment Area, and all data contained within the section comes from ESRI, which aggregates date from various government sources, such as the Census Bureau, Bureau of Economic Analysis and Bureau of Labor Statistics into comprehensive reports for specified geographies. 4.1. Population and Households The Redevelopment Area is home to approximately 7,100 individuals, 3,700 FIGURE 4: POPULATION,HOUSEHOLDS&HOUSING UNITS households and approximately 4,750 (ESRI 2020) housing units as of the end of 2020 (See Figure 4). Population — •Households — — Housing Units g7,300 4,900 b Looking back over the past decade, — _ _ _ L population actually peaked in 2018 at nearly 7'200 _ _ _ _ _ _ 4'700 7,200 persons, 3,800 households and just 7,100 4,500 over 4,700 housing units. That said, the 7.000 4300 population in 2020 is higher than at the start 6,900 4,100 g of the decade and does show growth (albeit 6,600 3,900 in a wave-like fashion, with growth and 6,700 i - 3,700 decline periodically alternating). In fact, the 6,600 3,500 2010-2011 period showed minor decline, 2010 2011 2012 2013 2014 2015 2016 2017 2018 2019 2020 followed by roughly three years of very slow population growth (2012-2015) before a distinct growth period began from 2016- FIGURE 5:TOTAL CHANGE 2010-2020 BY CATEGORY 2018. (ESRI 2020) As shown in Figure 5, isolating just the absolute growth between 2010 and 2020 224 shows that the Redevelopment Area has grown by only 224 individuals and 90 146 households over this period. Housing units increased by 146(net). 90 Although the Redevelopment Area is geographically small (roughly a half square ;•; - mile), its population growth remains lower than would be expected in a similarly sized \ area of a major American city. Households 24 The North Beach Community Redevelopment Agency Plan 4.2. Age Characteristics of the Population Figure 6 shows the age profile and structure of the population within the CRA's boundaries. The projected population in 2025 skews older(above age 25),with the largest individual age segments being the 25-34-year-old and 35-44-year-old groups. Only 21%of the population is under age 25,whereas 30%of the population are in the two largest age groups. Half of the population is aged 45 FIGURE 6:THE AGE STRUCTURE OF THE POPULATION AND RECENT CHANGES or older. (ESRI 2020) Looking at the change in the age structure of a '2075 SCh 1ea0i01' population can often be o 1,200 more insightful than looking 1'0® at only the aggregate 800 change in a population in 600 isolation because the age 400 bands that are growing 200 9 0 o shrinkingprovide clues � JA01 about the area's S 8 -200 -166 -170 attractiveness for families, -40C singles, youth and elderly -. 15-19 20-24 25-34 35-44 45-54 55-64 65-74 75-84 85+ residents. No set of Age Brackets population changes by themselves is good or bad, but generally areas without growth in the younger age FIGURE 7:THE RATIO OF MALES TO FEMALES cohorts (under 45 years old) are more likely to reflect (>1=MORE FEMALES)(ESRI 2020) less attractive economic and social conditions than areas where there is strong growth among those same age 85+ 1111111 iliill111111il11111111 111111111111111111 groups. 8o-84 11111111111111111111111111111 "11111111111111 75-79 11111111111111111111111111111 '111WH1111111 The changes over the 2010-2025 projections (which 70-74 11111111111111111111111111111 1 16 65-69 11111111111111111111111111111 1.4 simply continue the 2020 actual trends out a further five 60-64 11111111111111111111111111111 1.05 years) show that the vast majority of the population 55-59 11111111111111111111111111111 1.02 growth within the Redevelopment Area has occurred in Y 50-54 111111111111111111111111141� o. 45-49 111111111111111111111111 0.79 the 55+age group, with a slightly smaller sized group of m 40-44 IhI111111III11111I11I11h o. residents leaving in the 25-54 year-old age brackets.Them 3530 3s34 11111111111111111111111111116 o a - Ilht1111111i11111111I11111111 age groups under 25 years old show very limited growth 25.29 11111111111111111111111111N6 .093 over the 15-year analysis period. 20-24 1111I1111111111111111111111IC 0.96 15-19 11I1111I111111i1I1111Ii111111 .92 The changes shown here indicate that the area is not 10-14 1111111111IIU1111111111N111 1.01 growing or retaining young families,but it is growing and 5 9 lilllllllllllllillilllililll6 0.98 0-a IIIlilllllllllilili1111111111 too retaining its late middle age to elderly population. Total IHI1111111III1111I11111111111.01 Among age groups 14 and younger,there is a fairly even 050 1.00 1.50 male to female ratio (Figure 7). Males then outnumber Male Female Ratio females within the CRA's boundaries from age 15 until 25 The North Beach Community Redevelopment Agency Plan age 54,then females become a majority for all ages above 55,with the female to male ratio becoming increasingly imbalanced as age increases. For example, by the age of 80+,there are more than 50%more females than males. 4.3. Race and Ethnicity FIGURE 8:POPULATION:HISPANIC/ NON-HISPANIC ORIGIN The Redevelopment Area is overwhelmingly Hispanic in origin (Figure 8) and this share has (ESRI 2020) increased from 72%in 2010 to 79%in 2020 and o ■Hispanic Ongin Non-Hispalic origin a projected 82% in 2025. While other groups are present and are life-long residents, much of 10i' 90% 20.8% 18.1% the recent change shows a higher percentage 80% 27.3% of Hispanic ethnic origin individuals in the area. 70% 60% Hispanic ethnic origin or heritage does not 50% specify any particular race. Looking at the racial 40% identification of residents within the 30% Redevelopment Area(Figure 9)shows that 85% 20% 10% of residents identify as white alone, 5.3% 0% identify as some other race, 4.8% identify as 2010 2020 2025 black alone, 2.9% identify as mixed race and the remainder are Asian alone or American FIGURE 9:POPULATION:SELF-IDENTIFIED RACE(ESRI 2020) Indian alone. There is little expected change in this racial distribution over the 2025 Two or More Races '2.9% projections. Some Other Race Alone 11115.3% Pacific Islander Alone 0.0% Asian Alone 11.1% American Indian Alone 10.5% Black Alone .4 8% White None 85.5% 0% 10% 20% 30% 40% 50% 60% 70% 80% 90% 26 The North Beach Community Redevelopment Agency Plan 4.4. Income, Employment & Education 4.4.1. Income Household incomes in the Redevelopment Area are skewed to FIGURE 10:RESIDENT INCOME BY BRACKET(ESRI 2020) the lower end of the income band. In . 2020, median household income was .2 2020 �10` .i 25% $35,500 and in 2025 it is projected to 20% 22%, be$38,000. Note that for Miami-Dade = 0 15% 17% 17% County Area Median Income(AMI)for i 10% 13% 10%i 1 2020 is$59,100. 5% j 6%m 1, 1 ,. ssro6 o% ' As shown in Figure 10, nearly 39% of § § i 0) I I. E , all households in 2020 earn under ` $25,000 per year, but a slight § § S § S improvement is anticipated by 2025, ui r 3 vi w 8 with 36%of households earning below Income Brackets that amount. In 2020, the largest number of households within a single income band are those that earn between $15,000 and$24,999 annually. Roughly 10% of households in both 2020 and 2025 (estimated) earn $100,000 or more each year. While the income data in Figure 10 shows a fairly common household income curve above $25,000 per year, the cluster of households under the $25,000 per year level indicates that the area includes a substantial percentage of households that would typically be considered to be economically distressed. 27 The North Beach Community Redevelopment Agency Plan 4.4.2. Educational FIGURE 11:RESIDENT EDUCATIONAL ATTAINMENT(ESRI 2020) Attainment Educational attainment in the Graduate/Professional Degree 13.2% Redevelopment Area is higher than incomes would suggest. Figure 11 shows Bachelor's Degree 19.1% that just over 55%of the population have Associate Degree 11.4% had some college education, and nearly a Some College, No Degree 11.7% third have a bachelor's or graduate / professional degree. GED/Alternative Credential 1-2.4% High School Graduate 30.1% On the other side of the educational attainment scale, 30% of Redevelopment 9th 12th Grade, No Diploma 6.0° Area residents have completed up to a Less than 9th Grade 6.0° high school diploma, 2.4% had a GED or 0% 5% 10%15%20%25%30%35% equivalent, and a further 12% have some or no high school education. Of the total population, then, roughly 45% have a high school diploma or less and SS% have some college or more. 4.4,3 Unemployment & Employment At this time, the area's unemployment rate is FIGURE 12:UNEMPLOYMENT BY AGE BRACKET(ESRI 2020) higher than the national average - at 7.6% compared to 6.7%nationally.The disaggregated 2020 Civilian Population 16+in Labor Force unemployment rates by age shown in Figure 12 Civilian Population 16+ 4,313 provide more insights: young people under the Population 16+Employed 92.4% age of 24 are unemployed at twice the area's Population 16+Unemployment rate 7.6% Population 16-24 Employed 8.3% average: 15.6%. This group, while not 16-24 Unemployment rate 15.6% numerically large, skews the overall number Population 25-54 Employed 67.6% and indicates that the Redevelopment Area is 25-54 Unemployment rate 6.8% either not preparing its young people for Population 55-64 Employed 15.6% employment or not creating sufficient jobs to 55-64 Unemployment rate 6.7% absorb its youngest job market participants. Population 65+Employed 8.4% 65+Unemployment rate 7.2% 28 The North Beach Community Redevelopment Agency Plan Figure 13 shows occupations of employment within the Redevelopment Area with 48% of all employees in the "white-collar" occupations, 33% in "services" and 19% "blue-collar." The area's white-collar employment is largely in the professional and management occupations (16% and FIGURE 13:EMPLOYMENT BY MAJOR INDUSTRY SECTOR 12%, respectively), while sales and administrative (ESRI 2020) support provide the balance of the white-collar occupations. White Collar 48.0% Management/Business/Financial 11.8% Retail trade is the largest component of the services Professional 16.2% industry nationally.While not disaggregated here,it is Sales 10.0% Administrative Support 10.1% safe to assume that the majority of employment Services 32.9% within the services industry in Figure 13 is also retail Blue Collar 19.1% employment. Farming/Forestry/Fishing 0.0% Construction/Extraction 5.6% Blue-collar employment is primarily in the Installation/Maintenance/Repair 1.6% transportation occupations (7.6%), followed by Production 4.3% Transportation/Material Moving 7.6% construction (5.6%), then maintenance and repair occupations. 4.5. Housing Characteristics The Redevelopment Area household distribution (Figure 14) shows the pattern of habitation among family and non-family households. Among non-family FIGURE 14:HOUSEHOLDS BY TYPE&SIZE(ESRI 2020) households, the vast majority (79%) are one-person 1,800 Family •Non-Family households.21%of non-family 1,600 households include two persons. There were no three 1,400 or more-person non-family 1,200 households in the 2014-18 -° 0 1,000 1,019 dataset ESRI has taken from the Census Bureau's American 800 2 Communities Survey(ACS). 600 Among families, the 400 353 household sizes ranged 200 235 between two person 0 0 0 78 0 0 0 1 0 households (60% of the total), 0 1-Person 2-Person 3-Person 4-Person 5-Person 6-Person 7+Person three-person households (21%),four-person households (14%)and five-person households(5%). Because of the relatively older population average of the Redevelopment Area, it is a safe assumption that some high portion of the family households include extended family members. 29 The North Beach Community Redevelopment Agency Plan Figure 15 shows that rental units in 2020 FIGURE 15:HOUSING UNITS BY TENURE(ESRI 2020) are the dominant form of housing units in the Redevelopment Area (63% of all 5,000 4,754 4,817 5,000 4,627 occupied units), with owner occupied 4,500 units being 15%of the total housing stock. 4,000 931 1,017 1,051 4,500 The data shows that 21% of the housing 3,500 4,000 units in the Redevelopment Area are 3,000 2,500 3,500 vacant.This number may be accurate, but 2,000 it may also be a reflection of data 1,500 2,867 3,024 3,037 3,000 reporting inconsistencies. Such a high 1,000 2,500 number of vacant units is rarely seen in a 500 market with even moderately attractive 0 2,000 2010 2020 2025 structural features. •Renter 41 Owner Vacant Figure 16 reflects the distribution of values among owner-occupied housing units showing a slightly leftward skewed bell-shaped curve, with the largest single FIGURE 16:OWNER-OCCUPIED HOUSING UNITS BY VALUE value grouping of units (18%) being (ESRI 2020) valued between $300,000-399,000. 20% While the valuations above and below m 18% this level are similar in shape, there are E4% few units valued at under$100,000 (10% 0112% N 10% of all owner-occupied units) and even o a%a% % Eli i III fewer valued over$1 million(roughly 6%). 3 2% % - IIiIih 0% That said, there are a large number of O o% 0 0) 0) 0) 0) 0) a) a) a) aI + owner-occupied housingunits valued c o a) a) lr a) a) a) a) a) a) o m o m o P 0 0 3 0 ai ai ai a; ai ai ai of a 4 a 4 a o over $500,000: nearly 25% of the total o ifl a) 2 a) 2 a 0) o 8 r o 8 owner-occupied housing stock is valued o ""''�' � 0 0 0 0 0 0 0 0 at this level or higher. � o 0 0 U) o 0 g o 69 69 69 3 U 30 The North Beach Community Redevelopment Agency Plan The owner rental ratio by age group can be FIGURE 17:OWNER-RENTAL RATIO BY AGE BRACKETS assessed using U.S. Census data from 2010 (provided by ESRI), which is less recent but (ESRI 2020) likely to remain directionally true. This ratio 1.00 compares the number of owners with the 088 0.90 number of renters within a given age bracket. . 0.80 A value of 1.0 would mean that there are an \ 0.69 0.70 equal number of owners as renters, while a oso value less than 1.0 would indicate more 0.47 ` renters than owners. A value over 1.0 would 050 \ \ show that there are more owners than 0.40 029 0.35 \ \ renters. 0.30 0.23 024 020 0.12 Typically, in the U.S., the home ownership 0.10 0.07 1/4w rate rises with age. As seen in Figure 17 the • N `S 'N. „\ \ \ ,"1 ratio of renters to owners in the CRA area also Total 15-24 25-34 35-44 45-54 55-64 65-74 75-84 85+ grows with age, and peaks in the 75-84 year- old age bracket at 0.88(meaning there are almost as many owners as renters in this age bracket). In the Under 45 year-old age brackets, owners never exceed more than 23%of the relevant age brackets. Homeownership tends to add stability to neighborhoods, even in areas with long-term rental populations. Finally, looking at gross rents paid by FIGURE 18:GROSS RENT AS A PERCENTAGE OF HOUSEHOLD INCOME renters over the past twelve months, the data shows that over one-third (36%) of IN THE PAST 12 MONTHS(ESRI 2020) renter households pay 50%or more of their 40% 35.8% income as rent (Figure 18). Since federal 35% 30% guidelines approximate renter housing 25% stress as paying more than one-third of 20% 12.9% income towards rent, this high proportion 15% 9.8% 9.8% 9.2% 9.5% 10% 6.5% of households paying such a high 5% 0.7% 3.9% 1.8% percentage of their income would clearly 0% FF FF E Fd 3 S Fd o qualify as income stressed or cost g 8 z U C C C C C C C C C C B burdened. 'a r, 's o o o 0 a cf, of, a en o at a,, o ¢ g Roughly one-third of the households in the a N NA , F Tg U a. Redevelopment Area pay rents that are b - o N M C a e5 under the 30% of income level and would not be considered income stressed, but 61%of all renter households within the CRA's boundaries pay at least 30% of their income for rent. Measures to improve rental housing affordability, likely in combination with economic development efforts that aim to increase income levels, could produce positive impacts on the Redevelopment Area's residents. 31 The North Beach Community Redevelopment Agency Plan 5. Real Estate Analysis The Real Estate Analysis section is key to understanding market forces for the area's inventory, availability, classification, and rates. It also provides a review of real estate trends that will likely impact the baseline demand and future outlook for various real estate uses within the Redevelopment Area. Implementation strategies related to the Real Estate Analysis section would involve the CRA's authority to acquire, dispose of, and/or redevelop properties in pursuit of Plan goals. 5.1. Miami Beach Real Estate Market Overview and Trends Every real estate market across the country was impacted by the COVID-19 pandemic. Related government emergency orders issued across every state all but shut down real estate markets, and Miami-Dade County was no exception. Employment trends among regional and local economies are generally correlated to long-term real estate trends.According to data from Track the Recovery' (https://www.tracktherecovery.org), as of October 22, 2020, Miami-Dade County employment rates among workers in the bottom wage quartile decreased by 12.2% compared to January 2020(not seasonally adjusted). FIGURE 19:ECONOMIC IMPACTS FROM COVID(TRACKTHERECOVERY.COM 2020) Oct z2,2020 oct 22.2020 +2.8% +3.99/0 y ♦—s„. High Wage -2.7% ('SOON) t ra,am, -1.3% 5.8% Middle Wage 2.tkaenvnt. (521N-S6010 -12.2% • Low Wage (<S21g) Aug t Oct 1 >O en tan as Jun 1 Aug 1 Oct 2010 ,10-x.. ..,. o ,79 Ayr 25 Jan 20• stimulus Payments First U.S.COVID-10.Case scare Apr 15 Stimulus Payments Start 1 Opportunity Insights Research and Track the Recovery are projects based at Harvard University,where a team of researchers and policy analysts work together to analyze new data and create a platform for local stakeholders to make more informed decisions. 32 The North Beach Community Redevelopment Agency Plan Development and leasing activity are returning to the Miami-Dade County real estate market after suffering from various government mandated shutdowns and other restrictions. Miami's overall employment rates decreased by-2.7%compared to January 2020 (not seasonally adjusted) after a strong rebound in the third quarter of 2020. According to analysis by the U.S. Bureau of Labor Statistics, Miami-Miami Beach-Kendall had an unemployment rate of 7.9%in December 2020, down from 15.2% in July 2020. Despite the steep economic downturn following the COVID-19 pandemic,the Miami real estate market including North Beach and the Redevelopment Area has been stable during a time of relative uncertainty. In discussion with brokers from Cushman & Wakefield and real estate research reports from Colliers, a number of factors are impacting the real estate market currently: job losses in leisure and hospitality, trade, transport and utilities, education and even health care. However,some positive trends can be seen with employment sectors to gain jobs year-over-year (YoY) in manufacturing, adding 2,600 new positions and in Construction and Financial Activities with 1,300 and 200 new jobs respectively(Cushman &Wakefield Miami-Dade Office Q4 2020 market report). The Greater Miami economy has experienced a significant slowdown in new lease deals. In particular, the office market has been deeply impacted: new lease deals totaled approximately 1.4 million square feet in 2020,a 47.3% decline from year prior and the lowest amount since 2003. Approximately 34% of the total leasing volume occurred in the first quarter of 2020 before the pandemic mandated shutdowns. Within the 12 major sub-markets in the Miami-Dade area,most new office activity remains centered in the Brickell Avenue,Coral Gables and Airport West sub-markets where amenities such as mass or rapid transit,contemporary retail, fitness and athleisure outlets are more accessible. On the retail front, the Miami Beach sub-market has also been impacted. North Beach reports some 79 St,awate,Park vacant stores. i"SCAYNE PO 5.2. Redevelopment Area Real Estate Trends and B sc., Po.ni Drivers Based on a Cushman & Wakefield 1111#w�1�'^ : assessment of the Redevelopment Area • 4,04474 boundaries shown in Figure 20, the 0)*`. S� Park View current real estate mix seen in the Island *•'1+^, LI ra f„ �1 �'A���$��* �ry designated area was analyzed for keyr►>> ��,•' o��� %�?l yrA\ g Y :�1►? � 1"it♦1^ 0417, insights about the Redevelopment Area's 00,04* r� 4i� real estate market. ( %) Normandy Isar dk,c�• Park 8 Poop. FIGURE 20:CRA MARKET DATA(CUSHMAN f, &WAKEFIELD 2021) LaGorce Island o -Allison.Park 33 The North Beach Community Redevelopment Agency Plan 5.2.1. Overview AJanuary 2021 CoStar-generated real estate profile for the Redevelopment Area provided the following real estate FIGURE 21: REDEVELOPMENT AREA BUILDING composition: COUNTS(CUSHMAN&WAKEFIELD 2021) There are an estimated 309 properties with a total rentable Categories Total Number building area (RBA) of 3.9 million square feet currently. 1 Total MF apartment unit: 3,078 Note that the number of individual properties does not 2 MF Buildings 191 3 Office 15 necessarily correspond to taxable entities. Most of the RBA 4 Retail 98 (nearly 60%) listed in the Redevelopment Area is Class C 5 Retail Strip Center 5 real estate. Generally, Class C is the lowest classification available for real estate. Typically, Class C real estate describes building stock that is more than 20 years old, located in areas that are removed from the central business district, and residents fall within lower area median incomes. Such buildings often lack building components and amenities associated with Class A or B real estate, such as central climate control, elevators, and parking options. Note that these classifications can be subjective and vary widely among markets. FIGURE 22:RENTABLE BUILDING AREA BY CLASS(CUSHMAN&WAKEFIELD 2021) A B C (blank) Grand Total Multi-Family 292,000 1,003,496 1,733,102 8,612 3,037,210 Office 92,750 92.199 184,949 Retail and Strip Centers 48,725 225,380 438.902 11,601 724,608 Grand Total 340,725 1,321,626 2,264.203 20,213 3,946,767 The North Beach CRA Finding of Necessity conducted in 2019 (pre-pandemic) reported residential vacancy rates at 23% within the proposed boundary compared with a countywide residential vacancy rate of 11.4%. In 2019, CoStar identified nine (9) vacant properties in the area measuring some 36,382 square feet. This vacancy rate is higher than the citywide vacancy rate of 6.2%, and the countywide rate of 3.9%. The office stock as of 2020 remains small at some 185,000 square feet or 5%of the total rentable area.The Miami Beach submarket including the CRA area saw no significant new office construction during 2020. There is only one major affordable housing complex in the Redevelopment Area funded by the City of Miami Beach---the Lottie Apartments located at 530 75th street, comprised of 9 rental units and where affordability is preserved through 2050 (see Figure 23). 34 The North Beach Community Redevelopment Agency Plan FIGURE 23:AFFORDABLE HOUSING DEVELOPMENTS WITHIN MIAMI BEACH Affordable Housing - City Boundary - CRA Boundary • Affordable Housing Units •• •• • NE 79th ST • • j II • I- 1 9 • •• I' ' • • •18 O • • •• • • . i A 35 The North Beach Community Redevelopment Agency Plan 5.2.2. Residential Today, the Redevelopment Area has more than FIGURE 24:NORTH BEACH CRA RESIDENTIAL SUMMARY 180 residential buildings that include more than (CUSHMAN&WAKEFIELD 2021) 3,000 apartments (Figure 24). The class distribution is skewed heavily towards Class C Multi-Family Units by Building Class properties with some 74%in this category. Units %of Total Class A 242 7.9% As the largest component of the Redevelopment Class B 555 18.1% Area's real estate stock, residential properties Class C 2270 74.0% (and future development) are critical Total 3067 100.0% components to the area's tax base. As the majority of the residential housing stock is considered to be at the Class C level,there are likely a number of initiatives that could improve the quality and taxable value of the existing housing stock, whether through improved maintenance or renovations. Although there are a number of sizable mixed-use residential developments working their way through the permitting and development process,the overall residential development pipeline remains less active than would be expected for Miami Beach. Beneficially, however, most of the anticipated projects fall within or near the 71st Street area,which will help to enhance that area as a center of gravity for new development. 5.2.3. Retail and Office Countywide The office market is driven by business demand for employee and customer service functions. It tends to house corporate and administrative staff whose co-location facilitates meetings and productivity(though this is changing post-COVID). Recent changes in the overall office market in Miami-Dade County are shown in Figure 25. FIGURE 25:CHANGES IN THE MIAMI-DADE COUNTY OFFICE MARKET(CUSHMAN&WAKEFIELD 2021) SPACE DEMAND/DELIVERIES OVERALL VACANCY&ASKING RENT $45 AI :: Ififflflfflfflfflhj :: �• Se si ri 2C1g ,'D 2020 2016 2017 2018 2019 2020 • ... an c �' • ..,: , , , moms Asking Rent,$PSF Vacancy Rate 36 The North Beach Community Redevelopment Agency Plan Looking first at new construction and market absorption, a key takeaway is that, through Q3 2020, there was a net loss of nearly 400,000 SF in the Miami-Dade County office market as tenants either let leases expire or actively exited the office market. Office vacancies are particularly troubling because office tenants often maintain their own ecosystems of retail operations around large corporate tenants.When the office tenants leave,the retailers may not be able to survive if the office space remains vacant for more than a few months. Additionally, office landlords will lower asking-rents or offer incentives to new tenants to fill vacant spaces,which tends to dampen the overall rental growth market,as existing tenants are often unwilling to accept strong rental growth rates when new tenants are getting much better economic terms. While the current Miami-Dade County office market is estimated to be 15%vacant with rents stable in the mid- $30s per square foot range, the impacts of COVID are far from over and many corporate tenants are actively looking to maintain a large portion of their workforce as remote staff, at least on a flexible basis. These forces will work against largescale office development in the Redevelopment Area until or unless a large corporate anchor establishes a presence in the area (or commits to a sufficiently long-term lease to allow for new development to be financed). Redevelopment Area Real estate investment in the Miami metro area has remained firm throughout 2020-2021 amid the COVID-19 economic crisis, with entrepreneurs, investors, and developers setting their sights on Miami's office, retail and even residential markets. Many of these "new-to-market" firms that have made Miami their home are in the technology or financial services industries, retail conglomerates,and other corporate tenants with needs that are generally Class A buildings with larger floorplates. North Beach and the Redevelopment Area have not been attractive to such tenants for a variety of reasons. The existing office market is very small, with 15 buildings, characterized mostly as Class C and a few Class B buildings. This amount is insufficient to create the critical mass necessary to attract mainstream tenants or entrepreneurs seeking a "cluster effect". Additionally, Class B and C properties generally lack the type of amenities that the technology or tech-related workforce have come to expect. FIGURE 26::REDEVELOPMENT AREA OFFICE AND RETAIL RENT SUMMARY(CUSHMAN&WAKEFIELD 2021) Rent From $ - $20.01 $30.02 $40.03 $50.04 $60.05 $70.06 Rent To $ 20.00 $30.01 $40.02 $50.03 $60.04 $70.05 $80.06 Office 3 7 5 Retail&Strip Centers 11 54 26 Totals 2 14 61 31 5 4 1 Brokers convey that overall asking rents within the CRA's boundaries remain steady for existing properties across the real estate mix — most landlords have postponed improvements and price escalations for now. Class B properties are at the higher end of the pricing range with peak rates in the category still more competitive than South Beach or other districts on the mainland. 37 The North Beach Community Redevelopment Agency Plan Retail offerings in the Redevelopment Area remain pandemic levels of travel and tourism have yet to varied. Recently, retail closings (from both COVID-19 return and, nationally, hotel average daily rates(ADRs) related impacts and structural changes impacting the and vacancy rates remain at levels below their retail market in general)are forcing cities and retailers historical trends (Figure 27). to think creatively about how best to reimagine the That said, North Beach does have fantastic beaches retail experience and retail shopping districts. that are far less crowded than those in South Beach. People still crave social interaction and the tactile It's ability to provide a unique hospitality experience aspects of retail therapy remain as attractive as ever, for residents and visitors should not be discounted. but maintaining competitive cost structures with Examples of hotels within the North Beach enhanced safety measures does create a challenge for Redevelopment Area are: retailers. Baltic Hotel: 12 guestrooms;ADR $80+ The projects mentioned previously (in the residential discussion) may help to kickstart a wider retail genesis Carillon Wellness Resort: 110 guestrooms; in the area as both landlords and retailers become ADR$500+ more innovative in their retail experience offerings. The Broadmoor Hotel: 87 guestrooms; ADR 5.2.4. Hospitality $110+ Compared with the remainder of Miami Beach, the The Deauville Beach Resort: shuttered Redevelopment Area's hotel offerings are limited and following an electrical fire in July 2017, the generally not in competition with the hotels in Mid oceanfront property is a historical gem with Beach and South Beach. For the most part,vacationers viable development potential. Its future looking for the Miami Beach experience look to the remains undetermined. Architectural District in South Beach,with North Beach Economically, the hospitality industry employs large attracting a different clientele that desires its low-scale numbers of Miami-Dade County workers(though often and laid-back neighborhood character or friends and at moderate wages), but supports a broader tourism relatives visiting residents who live in North Beach. ecosystem that impacts nearly every other business Similar to the office and retail markets, the hospitality industry in the area. industry remains under pressure as much of the pre- 5.2.5. Industrial FIGURE 27:NATIONAL ADR AND REvPAR TRENDS There are no industrial properties within the (HORWATH 2020) Redevelopment Area at this time. Land prices in the North Beach submarket are relatively high compared with property typically suitable for industrial 5135.00 development. Rather, North Beach real estate appeals 5170.00 I to residential and retail developers given the $105.00 neighborhood's access to beaches and recreation. In 590.00 addition, the North Beach submarket is less suited for 575.00 industrial development given the relative distance 560Ao{ from interstate access and nearby competition from 54600 existing industrial property clusters near Miami 53000-' ----- -------- International Airport and Doral. 2011 2012 2013 2014 2015 2016 2017 2016 2019 C0 dP 38 The North Beach Community Redevelopment Agency Plan 6. Neighborhood Analysis The statutory requirement that a redevelopment plan include a neighborhood impact analysis underscores the reality that redevelopment impacts the surrounding neighborhood. In order to assess potential and unanticipated impacts, it is necessary to understand the character and dynamics of the underlying neighborhood. The Plan's Neighborhood Analysis section will address four neighborhoods within North Beach, all of which contain portions located within the Redevelopment Area. Each neighborhood has its own character and contributes to the uniqueness and vibrancy of North Beach. Based on these attributes, each neighborhood will have its own set of Redevelopment Implementation Strategies as discussed further in section 8.4. 6.1. Town Center The center of community life in North Beach is found along 71st Street and includes the surrounding areas from 69th Street north to 73rd Street and extending from Normandy Isle to the ocean. The primary east-west thoroughfare,71"Street,is considered the"main street"of Town Center. It serves as one of Miami Beach's limited connections to the mainland and the only such connection located in North Beach. Composed mostly of commercial and civic spaces,the Town Center is intended to be the center of activity for North Beach.The entirety of the Town Center area lies within the North Beach CRA boundary. In the 2016 Plan NoBe, the following vision was contemplated for an active Town Center: a balanced mix of transportation options, including efficient buses, a connected bike network, walkable streets, and a connected street network for all modes of travel, including cars. Revitalized and new efficient buildings will help to build enough critical mass of mixed-income residents and businesses to support new dining and shopping along 71st Street. In addition, more public uses and commercial amenities can be brought into the Redevelopment Area so the Town Center becomes a destination instead of a place people pass through to get somewhere else. During the public engagement process of the Plan,the design ideas from Plan NoBe were still largely supported by the public as initiatives to be funded by the North Beach CRA. Following Plan NoBe,the critical element necessary to plan for creation of a Town Center was seeking legislative approval of a floor area ratio (FAR) increase, which was approved by the electorate in a November 2017 referendum. In addition to enacting a FAR increase to 3.5 in Town Center, the City Commission enacted a series of amendments to the City's Land Development Regulations with the goal of enabling development of larger buildings in Town Center with 71St Street serving as a main street. See the current zoning map with the North Beach CRA boundaries shown in Figure 34. 39 The North Beach Community Redevelopment Agency Plan FIGURE 28:AREA-WIDE ZONING MAP WITH CRA BOUNDARY IN RED Road elevation, stormwater, water and ' " a` sewer and other __ infrastructure improvements may need to be undertaken ,� in order to stimulate investment from ■ developers, not only in IJ Town Center, but also in the remainder of II North Beach. Traffic remains an 1111‘irl Limpediment to the Area's walkability and riumm '� attracting a greater411111111ffilk , . . ,L. number of visitors on Legend010 it foot. The reduction of p"'"MBCPA= .1111: iiir‘,parking requirements /o,,,,,u for private O BS-/Single Tama,residential � le development is reliant D RB""" onto residential RS a Single Tama,resident,,, 1!B\11 upon enhanced multi- 1=1 T„Towr,,,,,,,e residential modal access to the m PM 1Besidentlal mNdlamily,Iw....OW area. Although p" '"""'°"maa'm'"'–d"�'me " I -Pm-3 Residential multifamily hlBh intens" adoption of a Town C�.I Cnmme;al low lnte iy 0 Center zoning overlay In CGQ Commercial,medium lmen'ity MEMNEMiaedusaentertainment included a reduction in 13 ®GU NIcaMBoemme toe required parking for Pm-PRDMomhml",panned resider"al development district . 1111‘1 new development, 0 RO Residential office GC Golf Leanne street design �NarthBea�Twn�ne.cemal me1\11111 4 recommendations that -TC-311orth Beach Town Center core 1111111)TC-2 North Beach Town Center mixeduseencourage other -TC-1 North Beach town Center resIdemlal/amce modes of access to TC 3Iq North Beaty awn Center residential/u,Bce wiM coMTonal Town Center have yet to be implemented. Rush hour and peak time congestion along 715` Street make ordinary travel around North Beach more difficult.The car-centric design of the 71'Street roadway also contribute to an unpleasant experience for commuters on bike or on foot. These factors restrict the number of visitors the area can accommodate. If modes of mobility and access are diversified, and biking and walking are rendered safer and more enjoyable to undertake,traffic and short car trips for daily needs will be reduced. 40 The North Beach Community Redevelopment Agency Plan 6.2. Normandy Isles Normandy Isles is the southern half of the Island project helped improve an important gathering space of Normandy, composed mostly of single-family for Normandy Isle, the plaza still lacks optimal homes, small apartment buildings, and low-rise pedestrian and bike-friendly access. For example, commercial spaces. The eastern quarter of increasing the number of pedestrian crossings to the Normandy Isles is listed on the National Register north across Normandy Drive would help residents and of Historic Places and attained local historic visitors navigate the Fountain area. designation following a strong recommendation in In general, the lack of shade, narrow sidewalks, and Plan NoBe. The Normandy Isles Historic District speed of traffic along 715` Street from Indian Creek encompasses approximately 82 acres and contains 14 Drive to Normandy Drive is a hinderance to walkability blocks with 237 buildings.Of the 237 buildings,201 are between Normandy Isle and Town Center.West of Rue considered as contributing to the historic character of Versailles Drive along 715`Street and Normandy Drive, the historic district.The remaining 26 non-contributing the accommodation for bicycle travel consists of one structures are either less than 50 years old or have shared lane along one of the busiest roadways in North been significantly altered such that they are no longer Beach, which creates an inhospitable environment for true to their original historic character. In addition to cyclists. While focusing on improvements to the Normandy Isles Local Historic District, Plan NoBe commercial and civic spaces centered around the also recommended creation of a neighborhood fountain, there should also be adequate focus on conservation overlay. The easternmost portion of multi modal access between Town Center and Normandy Isle is within the CRA boundary, from Rue Normandy Isle. Notre Dame on the west and the 715` Street bridge to 6.3. West Lots the east; and a northern boundary of Marseille Drive �h The West Lots consist of eight blocks, from 79 Street to Biarritz Drive on the south, between Rue Notre Dame and Rue Versailles Drive, and even further south to 87th Street, which front along Collins Avenue across from the North Beach Oceanside Park. Some of these to that portion of Bay Drive between Rue Versailles blocks serve as municipal parking lots for North Beach Drive east to the water's edge. Oceanside Park and the beach beyond. The West Lots The Normandy Fountain area,also known as Vendome are large enough to accommodate parking, as well as Plaza,serves as the community and commercial center additional uses that are desired by the community such of Normandy Isle and could develop into a vibrant, as open space and/or redevelopment opportunities. pedestrian-oriented shopping district with a strategic The West Lots could provide the largest, continuous combination of protection and enhancement. To oceanfront-adjacent development opportunity in the accomplish this, the Normandy Fountain area must City. If redevelopment of the West Lots involves a sale transition from its current automobile-centric layout in or lease of ten years or more, voter referendum order to accommodate pedestrian movement and approval is required. G.O. Bond project #29 includes transit connectivity. Upon completion of this report, funding for repurposing the West Lots as cohesive the Normandy Fountain and Rue Vendome Plaza mixed-use space for recreational/civic/neighborhood underwent redevelopment to create an open and activity. grade-level public plaza.The City improvement project The West Lots present an unparalleled opportunity to included associated traffic signalization adjustments, construction of the public plaza, landscaping, lighting spatially shape a robust edge to the North Beach Oceanside Park close to the ocean. These sites boast and other improvements necessary to encourage valuable addresses that could accommodate a broad public use as a gathering place for civic use. While the 41 The North Beach Community Redevelopment Agency Plan range of potential uses providing tremendous public 6.4. North Shore benefit and use.The West Lots are zoned Government The North Shore neighborhood is partially within the Use and are separated by a narrow alleyway from the Redevelopment Area and is situated between the adjacent RM-1 (Residential multifamily, low intensity) ocean and the Tatum Waterway, extending from the zoning district to the west. These parcels are of a Town Center up to the northern City limit at 87th relatively consistent size, approximately 175 feet by Terrace. North Shore is characterized by multifamily 300 feet. The lots are currently a mix of undeveloped housing of relatively low height —two to four stories. open blocks, public surface parking lots,Ocean Rescue In 2009,the majority of the North Shore neighborhood operations,and the former site of the historic log cabin obtained National Register designation,a bold move to that now includes a mix of other city uses. preserve the large stock of structures built in the A major component to developing the West Lots will Miami Modern vernacular; and as a result of Plan be Collins Avenue as a major mobility corridor, also NoBe, in 2017, a portion was designated as a local addressing how it currently acts as a barrier between historic district, which affords it the highest level of North Beach Oceanside Park and the West Lots. In Plan protection available. Lots and blocks within North NoBe, Collins Avenue was depicted as a multi-modal Shore are fairly regular, with larger development lots street and an important segment in the future multi- and more density concentrated along the Harding modal transportation network in North Beach. Avenue and Collins Avenue corridors. North Shore is Connectivity can be achieved with additional the home of a significant proportion of the lower- crosswalks and other methods to increase mobility, income workforce, and how it develops was a point of concern for participants of the Public Design Charrette. Many were concerned about maintenance of the current housing stock in North Beach both in terms of affordability and resilience. 42 The North Beach Community Redevelopment Agency Plan 7. Beautification and Infrastructure Analysis The Beautification and Infrastructure Analysis section identifies existing conditions of infrastructure, how they have been addressed and improved since Plan NoBe, and what improvements are still needed for enhancement of the North Beach CRA.This section plays a pivotal role in strategies for branding, marketing, quality of life, and business attraction. All images with potential improvements that are shown in this section are indicative to provide visual examples and are not meant to be literal examples of what the North Beach CRA will create in the places shown. 7.1. Public Realm Improvements Public realm improvements are a common theme for North Beach CRA funded projects.The streets are important interfaces between the public and private realm. A good streetscape has a positive impact on the quality of life for the residents, visitors, and business owners. Walkable environments improve the mental and physical health of the residents. Increased foot traffic potentially boosts the sales of businesses. In the era following the COVID- 19 crisis,outdoor public space has become especially important, because a lot of common activities are restricted from being indoors and have moved out to the street. During participant polling conducted in the charrette kick- off public meeting presentation, the majority of participants indicated that they were interested in seeing CRA funds spent on facade improvements. As walkability and pedestrian and bike access will be addressed in subsequent sections,streetscape improvements will refer to the beautification of the public realm—the sidewalk —and how it can work to support economic development. FIGURE 29:EXISTING CONDITION OF A STREETSCAPE 7.1.1. Signage -- ,"` Tactical improvements _. such as adding new signage, banners, and awning requires very minimal effort but P„�y significantly changes = people's visual perception II I• of a place. Signage and banners help strengthen ' r I, 114 the identity and sense of ' '� � '~ place. Well-designed signage can reflect the111 j style and context of the a� ' - ” ...;;;;0010 community. Banners can be integrated on lighting -posts to provide opportunities to publicize community events. 43 The North Beach Community Redevelopment Agency Plan FIGURE 30:SIGNAGE AND PERCEPTION IMPROVEMENTS TO STREETSCAPE Lighting and Banner Improve lighting and marketinggopportunities for community events 101111 New Signages Or improve existing signage,styles consistent 9 Awnings with the context Provide shade for pedestrians Furnishing There is often enough space on the streets for social and physical distancing. But the spaces are often disproportionately devoted to motor vehicles. Repurposing individual parking spaces or a curbside parking lane is one way to find more room for people space. An outdoor dining parklet can be created with modest outdoor furnishings such as planters, tables and chairs, and shade structures. In certain conditions, the entire street can be closed to vehicles for special events. FIGURE 31:SHORT-TERM TACTICAL IMPROVEMENTS TO PROVIDE OUTDOOR DINING ,„„ _orgies Jill 1t ' 1111416. I1111=1111 New Paint Refreshing the look of facades _ Parklet for Outdoor Dining / Tables and chairs,planters,and F umbrellas to create a more pleasant pI' outdoor dining space �i�;l,� 44 0 The North Beach Community Redevelopment Agency Plan 7.1.3. Climate Resiliency The rising sea level and rapidly changing climate are issues that Miami Beach must plan for today. Some of the buildings have high ground floor ceilings which makes raising the ground floor elevation a possibility.This strategy for responding to imminent climate challenges can be applied to preserve certain buildings with high historic values. Designing streetscapes, parks and public spaces with enhanced tree canopy will reduce heat island impacts, mitigate rain events, and increase walkability. Green infrastructure should be used to compliment grey infrastructure to help store and treat stormwater before being discharged into Biscayne Bay. FIGURE 32:LONG-TERM IMPROVEMENT TO ADDRESS SEA LEVEL RISE {.ri ,, N 1�1., Raising ground floor II5 Raising the ground floor i `� I� elevation,designing for . resiliency [ ::4iiiiht. _ i 111111111111 ___1_ _gid__ t ' — 'IN, ' --LN...,,,..,1,wv....ii—.—.1_ , ' I x = ` • ;'!r �r- ,II'._-I I / 1011 Sidewalk clearance min 6' r -i f 7.1.4. Outdoor Dining Even before the COVID-19 pandemic, many restaurants have come to rely on outdoor dining to serve customers who enjoy the South Florida climate. With physical layout limitations, outdoor seating most often occurs on the sidewalk. Moving forward,the CRA should look for ways to ensure that streetscape improvements consider space for outdoor dining or adaptability to outdoor dining in major commercial corridors,such as 71st Street and Collins Avenue. The immediate action may be to adopt a guidebook or utilize the existing Street Design Guide for how businesses could adapt existing conditions to allow for outdoor dining. This may include urban design guidelines for sidewalk or parklet dining, as well as clear instruction on how to apply for permits and work with the City to get approval for sidewalk or on-street dining. 7.1.5. Street Lanopy In a locality as sun-drenched as Miami Beach, shelter from constant sun is necessary and encourages people to walk. Future streetscape projects should require a minimum percentage of tree canopy within the time frame of 45 The North Beach Community Redevelopment Agency Plan two years after completion of the project. Canopies and balconies on shopfronts can also provide shade and shelter from the weather(Source: Plan NoBe). The 2018 G.O. Bond Program aims to increase the tree canopy as part of the planned neighborhood improvement projects in the North Shore neighborhood.G.O. Bond project#44 intends to beautify and upgrade the North Shore neighborhood, including lighting, landscaping, and tree canopy. This project is planned between the years 2025- 2028. Additionally, the G.O. Bond Program includes a Street Tree Master Plan to be implemented citywide by 2025. The Street Tree Master Plan project has a $5 million G.O. Bond budget to fund the planting of up to 5,000 trees across Miami Beach. The sole purpose of this project is to expand the city's overall tree canopy footprint which is critical to the city's plan to reduce its heat island index, CO2 and soil erosion (Source: G.O. Bond). In October 2020, the City adopted the Urban Forestry Master Plan as part of its Miami Beach Rising Above initiative. The Urban Forestry Master Plan identifies the following challenges to increasing the street canopy: competition with multi-modal access for ground surface area, and growth restrictions vertically, due to overhead powerlines; horizontally, due to minimal building setbacks; and depth, due to underground utilities. Increasing tree plantings in areas with maximized development potential may not be suitable due to shade conditions.Collins Avenue and 71st Street have been identified as areas where shade tolerance of trees is not ideal (Source: Miami Beach Urban Forestry Plan 2020).As strategically planned with the GO#44 project,street tree plantings will need to be planned in coordination with stormwater, seal level rise, development potential, as well as streetscape mobility designs. In looking to make public realm improvements such as lighting and signage, the CRA should prioritize street trees as a function of walkability and creating shade to attract pedestrian traffic and visitor retention within the CRA boundary. 7.2. Traffic and Pedestrian Safety One of the biggest impacts on quality of life throughout South Florida is the difficulty in traveling around the region, or in one word, 'mobility'. Mobility has a diverse definition, depending on the user. To the out-of-town visitor who is here on vacation (and who is likely in no particular rush to get from point A to point B), mobility is typically about how to get from Miami International Airport to Miami Beach.This can be accomplished by getting in a taxi, an Uber or Lyft, using mass transit, or renting a car. To local residents, mobility likely refers to sitting in traffic, and how long it takes to get somewhere,whether they are in a car or on a bus. In North Beach,which has one main point of access to the mainland, being stuck in traffic can be a daily occurrence during peak times. As new business and development occurs in North Beach, business owners will have to consider how their employees and customers will get to their business, and if they choose to drive their own private vehicle, and where will they park. Residents will want to see that, by adding new business and development, these new trips will not affect their own commute times. Although close to three-quarters of trips(among North Beach residents)are taken by personal vehicle,a relatively high percentage, roughly a quarter, of North Beach residents do not own cars. During the Public Design Charrette, residents of North Beach expressed that they are reliant on their car for meeting their daily basic needs (food, pharmacy, household items)and more often that requires leaving North Beach. In Town Center, 71' Street sees rush hour and peak time congestion, resulting in several negative effects on commuters, safety levels and economic competitiveness. The car-centric design of the roadway can also make walking and biking unpleasant, risky and even sometimes fatal. This restricts the number of visitors the area can 46 The North Beach Community Redevelopment Agency Plan accommodate. Providing walkable environments and basic needs within a walkable distance of residents will greatly reduce the traffic from local car trips throughout North Beach. Traffic calming measures can improve pedestrian and cyclist safety. The public plaza has been renovated at Normandy Fountain, but there still remains issues around pedestrian safety in crossing to get to this public plaza. The 2018 G.O. Bond Program is planning to implement traffic calming measures in the Normandy Isle neighborhood. This project is anticipated to complete construction in 2022 (Source: G.O. Bond#42). While traffic may be calmed through Normandy Isle, as 71St remains the main entrance into North Beach, traffic calming measures are still needed in Town Center. Outside of major traffic corridors where traffic calming has led to improvements in safety, there is still a lack of crosswalks at many locations. Plan NoBe proposed 108 new pedestrian crossings with a majority in the more residential North Shore neighborhood. Of the planned pedestrian crossings at Collins Avenue between the West Lots and North Beach Oceanside Park,5 of 14 have been implemented with a spacing of 500 or more feet between them. This large distance between pedestrian crossings often leads to jaywalking and pedestrian-auto collisions. Despite relatively wide public rights-of-way, walkability is hindered because some sidewalks are narrow and interrupted by utility poles, boxes, and traffic signage. 7.3. Multi-Modal Access The City of Miami Beach has adopted a modal hierarchy for the design of the public right-of-way that prioritizes bicyclists, pedestrians, and transit riders over automobile traffic. This is reflected in the 2016 Transportation Master Plan and the Bicycle and Pedestrian Plan; both of which set specific mode-share goals based on current transportation patterns.The Transportation Master Plan envisions an approximately 20%reduction in automobile mode share citywide by 2035. This goal for multi-modal access is illustrated throughout Plan NoBe.Plan NoBe envisioned a redesigned 71'Street that creates an environment of controlled traffic with added accommodations for transit, such as dedicated bus lanes, separated bike lanes, and additional street trees creating a more pedestrian-oriented environment. A separated and raised cycle track creates a safe and comfortable space for bicyclists. Between the sidewalk and the cycle track is a continuous planting strip which allows for the regular placement of street trees and landscaping to transform the sidewalk into a shaded and comfortable place for both pedestrians and bicyclists. Since these plans were adopted in 2016,there has been a completed green bicycle lane on Dickens Ave from 71St Street to 79Th Street within the Redevelopment Area. From where the Dickens Avenue bike lane ends at 79th Street to where it starts again on Byron Avenue at 82"d Street, it shows the fragmentation of the bike network, with similar quarter-mile breaks in bike access along the Boardwalk. Protected bicycle lanes are being planned for 72nd and 73rd Streets between Dickens Avenue and Collins Avenue to create more east-west connectivity in the bike network. In 2016, the City was awarded FDOT funding for design and construction of Safe Routes to school elements,which includes Biscayne Elementary School within the CRA Boundary. As a result of Plan NoBe,trolley service was extended to connect the North Beach trolley to Mid-Beach and South Beach, in order to better connect the neighborhood to the rest of Miami Beach.The City replaced the Collins Link trolley service with the Collins Express trolley service.The Collins Express limited-stop service reduces the number of transfers and travel time. The new service is extended to Washington Avenue, at Lincoln Road on the south side and 88th Street on the north side. Frequency of Collins Express trolley service is approximately 20 minutes. 47 The North Beach Community Redevelopment Agency Plan Plan NoBe and the 2016 Transportation Master Plan point to providing exclusive transit lanes along 79th Street, Normandy Drive,Collins Avenue, and Harding Avenue to improve multi-modal access.The proposed North Beach Intermodal Hub on Collins Avenue and Harding Avenue between 71 Street and 72 Street is recommended in Plan NoBe and the Transportation Master Plan. Additionally, a series of Neighborhood Greenways are proposed in North Beach on 85th Street,Tatum Waterway Drive,82nd Street,81st Street, Hawthorne Avenue,Crespi Avenue, and Byron Avenue. 7.4. Parks, Gardens and Green Spaces Residents of North Beach generally live within a half-mile,ten-minute walk of a park, primarily the North Beach Oceanside Park or North Shore Park. This is a huge benefit to residents of a densely populated area, as they typically do not have a substantial private yard and,as such,depend on public parks for their connection to nature and for their recreational needs.This park system can provide many physical and mental health benefits to offset the negative effects of an urban environment, as well as environmental benefits of CO2 reduction and more. During the public design charrette, participants did not point to a need to add more park space, but rather to improve existing parks/green spaces and add more cultural and arts spaces to the available civic uses within North Beach. Many pointed to the availability of West Lots to serve new needs. Additionally, there was discussion of events that would attract families, cultural tourism, and celebrate the area. One example given was a MiMo Weekend to celebrate Miami's Mid-Century Modern architecture unique to North Beach. 7.5. Adaptation Planning During the public design charrette, almost 90% of participants polled that they are interested in seeing North Beach CRA funds spent on resilience. In recent years,the City of Miami Beach has made climate resilience a high priority. Resilience is "the capacity of a city's systems, businesses, institutions, communities, and individuals to survive, adapt, and grow no matter what kinds of acute shocks and chronic stresses they experience." In Miami Beach, resilience is generally associated with climate resilience due to the city's geographic vulnerability to flooding from sea level rise and storms. The Miami Beach Rising Above initiative convenes plans, programs, policies, and projects that address both climate adaptation and mitigation. A part of North Beach's climate resilience strategy will be increasing the urban tree canopy and green infrastructure which is part of the City's climate mitigation planning, as is described as part of the streetscape improvements above. Other tasks will include climate adaptation—strengthening North Beach's ability to adjust to different and fluctuating conditions —through seawalls, road elevations, utility improvements and building improvements. 7.5.1. Seawalls A seawall is a form of coastal defense constructed where open water impacts directly upon the landforms of the coast. The purpose is to protect built areas, conservation, and leisure activities from the fluctuations and actions of tides and waves.As a seawall is a static feature,it may conflict with the dynamic nature of the coast and impede the exchange of sediment between land and sea. However, seawalls remain the simplest and most cost-efficient way to control coastal flooding. In Miami Beach,the implementation of seawalls is a challenge given that North Beach only has ownership of three miles along the western water edge, while sixty miles is privately owned. The cost of sea-wall modifications can be excessive for private owners.Transferring the ownership may be an option in order to build a complete seawall 48 The North Beach Community Redevelopment Agency Plan in Miami Beach. Obligations may also be passed to the City for improvements. Integrating other features will enhance the functionality of public and private seawalls. The G.O. Bond Program is working to raise public seawalls to the updated minimum height standard (5.7 NAVD) in areas most vulnerable to sea level rise and street flooding, and will incorporate living shorelines with natural vegetation, native species and other green infrastructure. The first part of implementation of the public seawall and shoreline resilient infrastructure began in January 2020 and aims to be completed by April 2022, with full implementation by 2025. This first phase includes areas within the Redevelopment Area, including Rue Notre Dame,Trouville Esplanade,and 7150 Indian Creek.Additional locations are to be determined upon completion of a prioritization matrix. (Source:GO#39: Seawalls&Shorelines). 7.5.2. Road Elevation The need to elevate or raise select streets to adapt to rising seas presents an additional consideration for new development. Many streets that are currently below 3.7 feet are being considered for elevating to match the new Base Flood Elevation (BFE) standards of 6.44 feet NAVD or 8 feet NGVD. In North Beach, Collins and Harding Avenues, the main thoroughfares closest to the Atlantic Ocean, are typically the highest streets, while streets adjacent to Biscayne Bay and the waterways are often the lowest. Newer buildings such as the Publix Super Market at 6876 Collins Avenue have been built with extra height to help ensure that, in the event of a major storm,the interior of the building remains dry.At the same time, buildings do not necessarily need to be raised immediately. Existing businesses have successfully contended with a higher street by use of ramps and elevated patios. In 2019, Jacobs Engineering Group Inc. was engaged to review and update the road elevation policy and prioritization to reflect new observations and projections and provide flexibility to accommodate private property harmonization (Source: Road Elevation Strategy and Recommended Sea Level Rise/Tidal Flood Adaptation Projects by Jacobs). 7.5.3. Building Adaptation Resilient design can also be implemented through residential, commercial and business facade improvement programs.The programs would aim to help the Redevelopment Area to address facades and building systems to properly anticipate and accommodate future extreme weather patterns and natural events.This incentive-based program could also encourage building owners to invest in green infrastructure. 49 The North Beach Community Redevelopment Agency Plan 8. Redevelopment Plan Concepts Redevelopment Plan Concepts provide a data-supported framework for implementation strategies to respond to existing and/or future market dynamics.As with other CRAs,the Plan is not static and requires future updates in consideration of changes in funding, assets, priorities and market forces. 8.1. Economic Development Drivers In creating a redevelopment plan to preserve the best parts of the Redevelopment Area - while stimulating future investment to remove blight, it is important to understand the relevance of the five key drivers Land for economic development: Land, Labor, Markets,Capital,and Regulation. Understanding whether and how to enhance or mitigate drivers is key to Labor iff lir capital creating an implementable plan to address and prioritize resident and . DeveloEtonomitpment stakeholder aspirations. Previously outlined in Sections 3 and 5 - Real Estate Analysis, North Beach's determining constraints and 111110 11111111 opportunities are re-emphasized in the below investment drivers: Land, r, tis Regulation Labor, Markets, Capital, and Regulation. 8.1.1. The 2019 Finding of Necessity identifies and evaluates land conditions impeding and impacting outside investment. Some of these same land issues also contribute to conditions of blight. It is the interplay between these conditions that creates the framework for strategies related to land, including preservation, development, acquisition, and disposition. North Beach CRA land issues/opportunities: Predominance of defective or inadequate street layout; Inadequate parking facilities and lack of loading zones; Faulty lot layout in relation to size, adequacy, accessibility, or usefulness; Inadequate building density patterns leading to erratic scale of buildings; Alleyway hazards and unsafe conditions; Diversity of ownership with 4,321 non-condominium properties (many smaller, older, historic buildings) having 3,549 owners, leading to a lack of critical mass of property for redevelopment assemblage for residential or commercial projects; Property control includes 18 owners accounting for 25%of total building area in the North Beach CRA; The Deauville hotel,at roughly 595,000 square feet, represents the largest privately owned land/property opportunity to positively impact the CRA; The West Lots, at 9.43 acres, represent the largest publicly owned land opportunity to positively impact the CRA; and 50 The North Beach Community Redevelopment Agency Plan Parks and open space allow critical mass of area for green resiliency infrastructure. 8.1.2. Labor In terms of the economic health of the residents, economic indicators related to income are much lower within the North Beach CRA compared to Miami-Dade County. Within the Redevelopment Area, the 2020 household median income is $35,500 compared to the Miami Dade County median income at $59,100. The area's unemployment rate is higher than the national average at 7.6% compared to 6.7% nationally. Occupations of employment within the district show that 48%of all employees are in the "white-collar" occupations, 33%are in "services" and 19% are "blue-collar." Increasing employment opportunities should be factored into business attraction efforts, keeping in mind that half of the existing population is aged 45 or older. 8.1.3. Market- Overall, the area's economic picture is on the upswing following COVID-19 closures, as indicated in the market analysis,within the retail, hospitality, residential, and office sectors. Retail Opportunities exist for business attraction and retention in the retail and restaurant space, with a focus on recruiting retailers and service providers for existing residents by identifying where select leakage is occurring - when residents leave North Beach to shop, dine, and/or secure personal or medical services. A variety of recruitment tools would play a role, ranging from small business incentives to larger investment support for new initiatives. In the meantime, the largest retail private investment within the North Beach CRA is the Publix Shopping Plaza at 6876 Collins Avenue with roughly 114,00 square feet of development. Hospitality The Redevelopment Area currently has approximately 210 hotel rooms among three properties. Retention and preservation of North Beach's hospitality sector impacts neighborhood stability given the high percentage of area residents working in hospitality. Residential The district has more than 180 residential buildings that collectively include more than 3,000 apartments. The majority(74%) of the residential housing stock is at the Class C level.There are likely several measures that could improve the quality and taxable value of the existing housing stock, whether through improved maintenance, renovations, or resiliency additions. Office Office product within the CRA is limited compared to retail and retail strip center square footages, with most of the rentable building area for office space classified as Class C real estate. Class C is typically older than 20 years, and usually in areas that are removed from a central business district. 51 The North Beach Community Redevelopment Agency Plan 8.1.4. Capital While most areas of Miami-Dade County saw an increase in revenues and commercial development during the past five years, the North Beach CRA has not experienced capital investment on par with either surrounding market areas and/or the County. The number of vacant structures and absence of destination retailers has resulted in existing businesses not being able to capitalize on increased foot traffic. There is a critical capital gap missing for retail attraction.With vision, a plan,and committed implementation,the CRA could step in and fill the capital gap to recruit destination retail to capitalize on traffic counts and adjacent market areas. Where banks have been seeking public sector commitment on projects in the form of housing subsidies,the CRA is well-positioned to partner with area financial institutions on retail recruitment and attraction. The key is to target projects with the most community impact. 8.1.5. Regulation Communities must provide professional responses and expedited solutions to issues presented by residents, business owners, developers, and investors. The key for the CRA and City to encourage redevelopment and rehabilitation projects is to remove or lower barriers for entry and prohibitive regulations that add additional time and money for residents, businesses, and developers. A review of regulations regarding commercial development and signage in the Redevelopment Area is needed to create the nucleus required for North Beach's commercial corridors to survive and thrive given the existing high vacancy rates. 8.2. Land Use and Zoning The Redevelopment Plan maintains and protects neighborhoods and areas of lower-density residential while encouraging higher-density mixed-use corridors along 71St Street and Collins Avenue. Establishing a land use pattern that reflects the diverse interests of residents, businesses, and stakeholders while also promoting compatibility of land uses will be important. As an example, public input included concerns regarding the storage of City of Miami Beach vehicles adjacent to-and within sight lines from- beachfront recreational areas. Although the North Beach CRA doesn't have regulatory or administrative authority over land use and zoning policies, CRA funds may be used to influence and capitalize on land use and zoning items within the following Redevelopment Goals: Economic Development, Resiliency&Infrastructure, Neighborhood Character,and Quality of Life. 8.3. Neighborhood Projects and Impacts Growth and redevelopment have both positive and negative neighborhood impacts. As mentioned in Section 3.4 Safeguards to Ensure Community Redevelopment Follows the Redevelopment Plan, considerations of future neighborhood impacts including: Relocation of Displaced Residents and Businesses, Traffic Circulation, Environmental Quality, Availability of Community Facilities and Services, and Effect on Schools have been incorporated in the Plan. Neighborhood Impact Summary The following describes the potential impacts of future redevelopment on the residential neighborhoods within the North Beach CRA. While neighborhood impacts have been considered in the identification of the 52 The North Beach Community Redevelopment Agency Plan Redevelopment Goals, it should be noted that no redevelopment projects have yet been planned.Specific impacts resulting from implementation should be further identified as individual projects begin the design phase. Relocation of Displaced Residents and Businesses The possibility of residential relocations is contemplated by this Plan in connection with future redevelopment projects.While no,or only extremely limited relocation is anticipated, it is important to note that implementation of Redevelopment Goals, strategies and initiatives may result in residential and/or business displacement. In the event that existing or future CRA projects do require the relocation of residents or businesses, a relocation plan must be included as a component of the project as part of the official approval by the CRA Board. It is also anticipated that the CRA and the County,as well as private developers,will expand the housing stock and housing variety. This will provide additional opportunities if it becomes necessary to relocate residents within the redevelopment area boundaries. Additionally, any private development project which receives CRA incentives, and which displaces residents must submit a relocation plan for approval prior to the approval of CRA incentives for the project. To protect the residents and businesses within the redevelopment area,the CRA should formally adopt a relocation policy containing procedures for relocation. If required because of redevelopment, the relocation of residents and businesses within the redevelopment area will follow the officially adopted procedures. Expenses and financial assistance required by these procedures will become the responsibility of the CRA and its partners in the project which results in the need for relocation. Traffic Circulation Although successful redevelopment can increase overall traffic, the redevelopment area is part of an existing roadway network that serves eastern Miami-Dade County. As part of this redevelopment effort, it is anticipated that the City of Miami Beach, Miami-Dade County and the State of Florida will make a significant investment in improving roadways, including street reconstructions, lighting, beautification, landscaping, traffic calming, and pedestrian walkway enhancement, improvements that may be supplemented with CRA support. These improvements should result in better traffic flow and enhanced mobility for pedestrians and non-motorized transport. Implementation of individual redevelopment projects may require improvements or modifications to the existing roadway network.These localized impacts will be reviewed when specific projects are approved. It is also recommended that architectural and site-specific design solutions be considered to mitigate potential traffic and parking impacts of specific projects on adjacent residential neighborhoods. Environmental Quality The Redevelopment Goals and Initiatives proposed in this Plan are intended to improve the environmental quality within the Redevelopment Area. Several initiatives, such as rehabilitation/beautification grants, will provide funding for businesses and property owners in the CRA to make interior and exterior improvements to their properties. It is anticipated that improvements resulting from these programs will foster a new sense of community pride and spur additional revitalization efforts throughout the area, further reducing blighted conditions. Streetscape and landscape improvements associated with redevelopment projects will, when completed, upgrade the overall appearance of the area. Future redevelopment will improve the appearance of the commercial and residential areas throughout the CRA. 53 The North Beach Community Redevelopment Agency Plan Availability of Community Facilities and Services The Redevelopment Area contains a range of community services and facilities. These facilities contribute to the success of the Redevelopment Plan and support cultural, neighborhood, social and educational enhancement. Implementation of individual redevelopment projects and public improvements may require modifications to existing systems by both the public and private sector. Implementation of this Plan will supplement City, County and State infrastructure projects to encourage private development in the area. Any existing community facilities within the boundary of the redevelopment area may benefit from the economic improvement of the area by the implementation of the redevelopment initiatives, and the physical improvements of the surrounding area that will create economic revitalization with the advent of new businesses and job opportunities. Community services such as innovative policing and code enforcement can be expanded utilizing the programs included in the Redevelopment Plan. Effect on Schools The Miami-Dade County School Board plans no other major actions affecting existing school facilities within the redevelopment area, in the near future. Residential development anticipated within this Plan will likely represent only a small percentage of overall County population growth and therefore not have a significant effect on school population.All CRA initiatives are subordinate to the Comprehensive Plan,the Land Development Regulations, or any countywide concurrency guidelines. The CRA should enhance its relationship with the public and private schools in efforts to activate key parcels and community events.This would be part of an ongoing effort to increase communication and outreach with North Beach area stakeholders, and support programs which enhance education where realistic. Given area assets and the strength of select industries, leadership should also explore and encourage charter schools and/or vocational programs linked to the culinary arts, hospitality, and tourism among other emerging industries. CRA funds may be used to encourage neighborhood preservation and mitigate development impacts within the following Redevelopment Goals: Economic Development, Resiliency & Infrastructure, Neighborhood Character, Quality of Life, Branding& Marketing and Leveraging Resources. While the North Beach area has a housing affordability advantage comparatively with the City and County, the relatively low level of homeownership, amount of deferred maintenance, and aging infrastructure each pose challenges to neighborhood stabilization without additional City and CRA investment. Programming to encourage infill development, rehabilitation of the existing housing stock,and resiliency of Class C retail structures should be a priority. In addition, given homeownership provides and reinforces neighborhood stability, efforts should be made towards increasing homeownership numbers. CRA funds may be used to encourage neighborhood preservation and mitigate development impacts within the following Redevelopment Goals: Economic Development, Resiliency & Infrastructure, Neighborhood Character, Quality of Life, Branding& Marketing, and Leveraging Resources. 8.3.1. Housing Rehabilitation and Historic Preservation Many of the older buildings and historic structures were not designed for the climate impacts experienced today. Key to both rehabilitation and preservation efforts will be identifying and providing resources to incorporate resilience modifications into rehabilitation and restoration projects. In addition, programs and strategies related to adaptive reuse of residential structures along major corridors for commercial uses, housing rehabilitation,code 54 . The North Beach Community Redevelopment Agency Plan enforcement and homeownership assistance programs all move toward a more sustainable methodology of redeveloping residential neighborhoods, while maintaining size and scale. Investments in upgrading utilities and lighting, ensuring pedestrian connectivity, and the provision of landscaping and open space, support accessibility and environmental resiliency in terms of climate change and hazard mitigation. However,just as important are land development regulations that allow for a range of housing types. Examples include the ability to construct townhomes, live-work residential and high-rise development along the major urban corridors. This will also support North Beach's ability to retain residents by providing options within the CRA to age in place and transition housing choice throughout a person's life cycle. CRA funds may be used to encourage Housing Development and Accessibility, Housing Rehabilitation and Historic Preservation initiatives within the following Redevelopment Goals: Economic Development, Resiliency & Infrastructure, Neighborhood Character,Quality of Life,and Leveraging Resources. 8.3.2. Parks and Open Space_ The Plan is mindful of the need to protect, preserve, and enhance its neighborhood assets while increasing accessibility to recreation and open space.As new development occurs,there will be an additional need to provide open spaces for new residents.Conversations and concerns around preservation of the West Lots for green space can be addressed through resiliency efforts and sustainable development. Incorporating open space, landscaping, and additional tree canopy provide environmental benefits such as reduction of pollution, providing shade, reducing the "urban heat island" effect while providing additional areas for stormwater retention which also improves longer term water quality. CRA funds may be used to create, preserve and enhance parks and open space within the following Redevelopment Goals: Economic Development, Resiliency & Infrastructure, Neighborhood Character, Quality of Life, and Leveraging Resources. 8.4. Resilience & Infrastructure At the core of this plan is the concept of Resilience, with a sustainable development component. Sustainable Development is defined as balancing community growth so that it meets the social,economic,and environmental needs of an existing population while ensuring that the same resources and infrastructure are available to meet the same needs of future generations. In short, it is a balancing act to ensure that no single activity related to development negatively impacts another. 8.4.1. Climate Change Adaptation North Beach has always been at the forefront of climate change discussions and efforts, with representatives at the table in 2019 during the creation of the City of Miami Beach's Blue & Green Stormwater Infrastructure (BGSI) Concept Plan.The BGSI Plan is bolstered by the City's proposed commitment to address sea level rise,with five street-raising projects contemplated within the North Beach CRA at Marseille Drive—Normandy, North Shore- A AlA West Lots, North Shore-B-72' Street — Town Center, and North Shore-C A1A. Additionally, the CRA encompasses six (6) Neighborhood Improvement Projects, as defined in the City's Neighborhood Project Priority List: Normandy Isles A, North Shore A, North Shore B, North Shore C, North Shore D, and North Shore D. The BGSI Plan provides a holistic "living with water" approach involving blue (water) and green (plant-based) elements. Many of the proposed elements will become fundamental components for all new development 55 The North Beach Community Redevelopment Agency Plan projects, including new projects in North Beach. Elements range from green stormwater infrastructure such as green roofs, bioswales, vegetation selection, dunes, suspended pavement and structural soils to treat, hold, and reduce stormwater flows to blue stormwater infrastructure that temporarily store and treat stormwater. The resilience benefits to the CRA, aside from the obvious flooding mitigation, include better air quality, biodiversity, and urban heat island mitigation. CRA funds may be used to bolster the BGSI infrastructure and climate change efforts by targeting public spaces, existing Class C commercial and office structures, historic properties, and single-family residences within the following Redevelopment Goals: Economic Development, Resilience & Infrastructure, Neighborhood Character, Quality of Life,and Leveraging Resources. 8.4.2. Water Pollution Polluted waterways were a concern of many residents. Stormwater runoff is a contributing factor to waterway pollution and a major concern with the prospect of future buildings and other structures proposed for the area. Incorporating and requiring project elements to mitigate stormwater runoff can move the CRA towards mitigating stormwater runoff and polluted waterways. Examples of such initiatives include(but are not limited to):additional treatment designed into the grey infrastructure system, permeable pavers, vegetated green roofing, enhanced green spaces, living shorelines, bioretention gardens, residential rain gardens, stormwater planters, and tree canopy. CRA funds may be used to supplement larger Stormwater,Water&Sewer,and Urban Forestry efforts by targeting public spaces, existing Class C and new commercial and office structures, historic properties, and single-family residences within the following Redevelopment Goals: Economic Development, Resiliency & Infrastructure, Neighborhood Character, and Quality of Life. 8.4.3. Traffic Mitigation Sustainable Development considers traffic flows and impacts for existing and future residents. Town Center projects in the Redevelopment Area are uniquely positioned to be within walking and biking distance of the area's recreation, entertainment, and shopping amenities. Potential exists to exemplify the concept of the "15-Minute City" where residents can navigate their communities and access amenities and resources within 15 minutes. Sometimes,that is accomplished through safety measures such as additional bike lanes,dedicated walking paths, and alley (paseo) activations. Other times, that 15-minute goal is accomplished through business attraction activities such as recruiting retailers, restaurants, and service providers that residents ordinarily leave the neighborhood in order to access. CRA funds may be used for traffic mitigation initiatives within the following Redevelopment Goals: Economic Development, Resiliency& Infrastructure, Neighborhood Character, and Quality of Life. 8.4.4. Resource Reuse and Energy Efficiency The Plan is a"Green" plan which encourages green building techniques that reduce energy consumption, promote renewable energy sources, and utilize sustainable technologies and practices as well as resource reuse in public and private development. The Plan itself provides for specific implementation strategies related to resource reuse and energy efficiency and recommends that all public improvements are constructed within this manner and consistent with Chapter 133 of the City Code:Sustainability&Resilience,which requires all new construction over 56 The North Beach Community Redevelopment Agency Plan 7,000 square feet or ground floor additions over 10,000 square feet to be LEED Gold or International Living Future Institute Petals, or Net zero Energy Certified. Doing so leads to lower maintenance and replacement costs in the long run. However, the Plan also identifies opportunities for energy efficiency to be incorporated into all its implementation strategies, including future housing, economic development, and neighborhood programs. Land development regulations also encourage this through private redevelopment by providing incentives for green building techniques in all new development. CRA funds may be used for Resource, Reuse,and Energy Efficiency initiatives within the following Redevelopment Goals: Economic Development, Resiliency& Infrastructure, Neighborhood Character, and Quality of Life. 8.5. Regional Collaboration and Intergovernmental Coordination Within this plan there is a strong emphasis on Intergovernmental Coordination. Many of the larger scale infrastructure improvements, such as water quality, waterway cleanup, and resiliency improvements will require the City and CRA to coordinate efforts and advocate for improvements. Therefore, many of the implementation strategies addressed require collaboration with specific agencies and organizations that the CRA should continue to work with to see results. CRA funds may be used for Regional Collaboration and Intergovernmental Coordination initiatives within the following Redevelopment Goals: Economic Development, Resilience & Infrastructure, Neighborhood Character, Quality of Life, and Leveraging Resources. 57 The North Beach Community Redevelopment Agency Plan 9. Goals and Implementation Strategies The North Beach CRA Redevelopment Goals and Implementation Strategies include many initiatives derived from resident suggestions and best practices as well as those pulled from previous studies, reports, and master plans. In doing so,this Plan provides the legal mechanism for previously and recently identified strategies to receive CRA funding via tax increment revenue. When reviewing Implementation Strategies, keep in mind that they vary in cost, duration, impact, complexity, and boldness. Little Costs versus Significant Costs There are many actions which can be implemented at little cost, resulting in significant movement towards the accomplishment of redevelopment goals in the CRA. There are also several actions which may require significant costs to effect visible change, especially when strategies to remove conditions of blight, deterioration and economic stagnation cannot be reversed in a diminutive way. Short-term versus Long-term Short-term strategies range from "immediate" (one to five years) to "long-term" (five years to the 30-year term of the Plan). CRA actions involving code enforcement, or marketing and branding initiatives would typically fall into the short-term category. Conversely, many large-scale goals and strategies are expected to take place over a protracted period. Long-term implementation strategies are typically ongoing or are projects for which funding is not currently available. It is unrealistic to think the conditions that led to the creation of the CRA can be quickly overcome. Routine Approaches versus Bold Approaches While several recommendations cover the required approaches routinely undertaken by most CRAs,this Plan also includes and recognizes the need for bold, localized approaches. Bold approaches, when implemented, significantly change the face of a community redevelopment area. All recommended projects are implementable and essential to the CRA Redevelopment Plan. The Redevelopment Goals are: Redevelopment Goal 1: Economic Development Redevelopment Goal 2:Climate Resilience,Sustainability& Infrastructure Redevelopment Goal 3 Cultural Arts, Branding&Marketing,and Communication Redevelopment Goal 4: Neighborhood Character Redevelopment Goal 5: Quality of Life Redevelopment Goal 6: Leveraging Resources 58 The North Beach Community Redevelopment Agency Plan 9.1. Redevelopment Goal 1: Provide Economic Development Opportunities for Businesses, Property Owners, and Residents. Economic development opportunities center on collaborating with stakeholders and residents to improve physical structures through preservation, rehabilitation, and development, while also creating programs to increase occupancy, variety of offerings, and access to labor and training resources. Bringing employment opportunities, new industries, and mixed-use projects including new office, commercial, and residential is important to revitalizing a community. This is accomplished through a variety of activities, including but not limited to all activities associated with business attraction and retention, workforce development, real estate, land development, etc. The recommendations outlined below are intended to impact the economic viability of area businesses and opportunities for residents. 9.1.1. Business Attraction & Retention Inventory existing businesses to identify complementary businesses for attraction to fill the retail gap identified in the market analysis. Create a Leasing and Sale Opportunities brochure and assist applicable property owners with leasing packages. Host "Banker/Broker/Developer" events to highlight available land, retail,and office space. Engage with existing business owners to assess and support small business needs, including marketing, rehabilitation, resiliency improvements, labor needs, and employment training. Collaborate with workforce partners to identify targeted job classifications, feature growing industries, post nearby job openings, and conduct job training and workforce development programs for CRA residents. Implement a "Shop Local" program. Create a periodic "Business Spotlight"to build community awareness of local business assets. Develop incentive programs to help existing or new property and business owners with aesthetics,repairs, rehabilitations, improvements, land acquisition,and resiliency modifications. Initiate an emergency business assistance program in the event of a declared emergency with significant adverse economic impacts. Work with City to allow temporary uses, pop-up activations, retail and restaurants, whether in vacant shopfronts or on vacant lots. Engage with the artist community to create coverings or displays for vacant storefronts. Create collateral and incentive programs to attract neighborhood services like medical uses as well as entertainment options and popular public-good types of business such as food halls, coworking spaces, incubators, breweries/brewpubs, commercial kitchens, and ghost kitchens. Partner with appropriate providers, educational or vocational institutions and industry organizations to provide or support workforce training initiatives. 59 The North Beach Community Redevelopment Agency Plan Real Estate Identify priority areas for redevelopment and associated property acquisition needs related to replacement housing, infill redevelopment, parks, greenspace, parking, and resiliency efforts. Utilize statutory authority to acquire, dispose of, and develop property in furtherance of the purpose of the CRA. Engage in public- private partnerships to achieve redevelopment goals. Identify and secure additional local, state, and federal funding sources based on CRA goals, potential project impacts,and benefits related to housing, historic preservation,job creation,and resiliency efforts. Include restrictions and covenants on publicly-owned, acquired, and disposed of properties to ensure specific public purposes are met. Establish protective measures to safeguard housing for existing residents within the CRA consistent with federal requirements Conduct a North Beach Property Development Workshop regularly for property owners and developers to share best practices, information and resources and invite relevant City staff to attend. Develop a "how to"guide for new and existing development. Better utilize public lands,especially vacant property and surface parking lots,for highest and best use, in a way that supports the surrounding community and attracts new investment. 9.2. Redevelopment Goal 2: Invest in Climate Resiliency, Sustainability & Infrastructure Infrastructure, sustainability and climate resiliency improvements are necessary to support and implement the goals of the Plan, specifically within commercial areas and to improve conditions in neighborhoods. Climate resiliency and infrastructure strategies are accomplished through a variety of activities, including but not limited to all activities associated with resiliency,sustainability,infrastructure,transportation,etc.The recommendations outlined below are to increase area resiliency and associated infrastructure. 9.2.1. Climate Resiliency & Sustainability Coordinate with the City of Miami Beach on communication strategies and traffic mitigation efforts related to CRA-located sea-rise projects. Develop a climate resiliency incentive program to assist residential and commercial property owners with applicable capital improvements. Create developer, property owner, and homeowner incentives for certified green building design elements, energy efficiency upgrades, and the incorporation of renewable energy sources. Encourage "adaptive reuse"for existing buildings to attract new markets and investment. Establish CRA project goals for U.S. Green Building Council LEED and/or International Living Future Institute Petals Certification. 60 The North Beach Community Redevelopment Agency Plan Support initiatives such as the City's Strategic Plan through the Lens of Resilience, Resilient 305 Strategy, Road Elevation, and Neighborhood Improvement Project and Neighborhood Prioritization Concept Plans, Urban Forestry Master Plan,Climate Action Plan, Energy Economic Zone Work Plan, BGSI Plan,and overall resilience planning efforts. Implement adaptation projects to address environmental change including raising streets and seawalls, ecosystem restoration and enhancements including dune restoration, and constructing pump systems. Work with City, County, and other utility providers to increase awareness on utility usage surveys and assessments. Encourage water reuse systems for irrigation when available and economically feasible. Recruit financial institutions to provide financing options for residential and commercial energy and water efficiency, renewable energy and water quality projects with applicants adhering to the financial institution's requirements. Work with housing organizations to encourage energy saving measures in their projects. 9.2.2. Infrastructure & 1 ransportation Partner with the City's Department of Transportation to fund and implement projects in the 2016 Transportation Master Plan and Bicycle/Pedestrian Master Plan related to the existing street grid gaps and proposed mobility enhancements. Funding may used to implement projects resulting from future updates to these plans. Undertake streetscape improvement projects to have multi-modal streets and include bicycle lanes which may be protected, pedestrian lighting, on-street parking, wide sidewalks, shade trees, landscape, site furnishings,ADA improvements, in-pavement crosswalk lighting, and other Complete Street elements. Partner with the City to identify on-street parking spaces for temporary or permanent conversion to parklets for commercial or recreational space. Reconfigure, redesign or remove street front surface parking lots and explore funding parking structures and garages at locations identified in Plan NoBe or otherwise. Implement design restrictions and guidelines for parking garages to encourage future adaptability and/or repurposing. Partner with entities, organizations or agencies to fund electric vehicle charging stations with a focus on Level II or faster. Work with the City to identify opportunities for underground utilities, and increase in water and sewer capacity. Expand green spaces and tree canopy along corridors to manage stormwater while also improving quality of life through cooling streets and sidewalks to promote walkability and bikeability Partner to fund utility, drainage and street elevation projects for major thoroughfares. Create more mobility options including but not limited to adding new crosswalks, protected bike lanes/ways, and bike parking. 61 The North Beach Community Redevelopment Agency Plan Work with Miami-Dade County Transit and the City to construct new exclusive/dedicated transit lanes(for buses), study mass transit options, and implement other traffic flow improvements or traffic reduction initiatives, and ensure bus stops have shade cover,seating, weather protection, and lighting. Coordinate with FDOT (Florida Department of Transportation), the City, and the County on streetscape improvements to major thoroughfares. Partner on renovations or enhancement to bridge. Partner with the City to identify and secure appropriate storage for city vehicles and equipment or beautify existing storage area. Contract with ride share and other mobility vendors to provide short distance rides from North Beach to places of employment, entertainment, education, recreation, shopping, and other important destinations. Support the City's capital improvement plan, Blue/Green Plan and Urban Forestry Master Plan as allowed by statute. Encourage connectivity between the CRA's sub-areas. Install landscaping as needed to improve an area's attractiveness. 9.3. Redevelopment Goal 3: Strengthen Cultural Arts, Branding & Marketing, and Communication The key to accomplishing the CRA's goals begins with asset identification and positioning to tell the story of what makes the Redevelopment Area unique and ripe for investment. Given the area's proximity to other destination locations, it is critical to develop and communicate an authentic brand featuring the area's unique assets. This is accomplished through a variety of activities, including but not limited to all activities associated with arts and cultural heritage, branding, marketing, communications, etc. 9.3.1. Cultural Tourism Cultural & Heritage Tourism is an economic driver for communities. Destination cultural assets present opportunities for rehabilitation, restoration, investment, and development. The North Beach CRA can capitalize on North Beach's history and cultural assets to position the district for additional cultural tourism.The CRA has an opportunity to capitalize on these assets through a variety of activities, including but not limited to the recommendations outlined below to impact cultural tourism. Leverage arts and culture as a key community development strategy and a core sector of comprehensive community planning and development. Understand, access and engage community members who are not traditionally included in cultural community development projects. Employ arts and culture as an agent in creating equitable community development. Work with the City's Art in Public Places program to bring public art to key gateways and corridors. Support and enhance cultural facilities,venues, and assets through cultural tourism and programming. Preserve and protect Miami Mid-Century Modern (MiMo)structures. 62 The North Beach Community Redevelopment Agency Plan Work with and support the City in the creation of development and architectural guidelines to support brand identity. Encourage and support the development and/or rehabilitation of cultural facilities including galleries, artist incubators, studios, performing art spaces, a cultural center and other public spaces. Encourage and support the recruitment of cultural partners and performing arts organizations. Invest and assist in cultivating, preserving and enhancing the artist community. Partner on city, county, and state tourism co-op marketing programs. Develop Investment Tourism marketing materials and cultural guides for visitors who may be potential business owners, homebuyers, and redevelopment project investors. Explore opportunities to partner or collaborate with cultural organizations with emphasis on those based in Miami Beach. Promote hotels, restaurants and retailers with area cultural tours and food fairs or other similar programs. 9.3.1. branding Defining and communicating the North Beach CRA brand is crucial for the successful implementation of the Plan to address the needs of residents and stakeholders. Developing the brand identity involves tactics and tools, including but not limited to the below recommendations. Develop a logo, campaign strategy, and signage including for outreach and relationship-building to multilingual stakeholders and residents. Produce a full marketing campaign that "tells the story" of the North Beach CRA's aspirational identity, brand, position, and opportunities. Host a brand launch for the community. Design and install branded light-pole banners in strategic areas. Design and implement a comprehensive wayfinding signage program, including but not limited to, lighted street name signs, entry and exit wayfinding signs visible at night, and lighted public art that serves as wayfinding and district identity. Temporary banners may supplement or provide an alternative to wayfinding. Identify locations for"district identity" physical landmarks and gateways. Work with the City to develop branded development and construction signs to highlight CRA-funded projects and initiatives. 9.3.3. Marketing & Communications Strategies to effectively communicate the vision for the Redevelopment Area as a vibrant destination for culture, arts, and activities should be implemented to broaden the appeal of living, working, and shopping in the North Beach CRA. It is recommended the CRA execute a variety of activities, including but not limited to the recommendations outlined below to drive communication efforts. 63 The North Beach Community Redevelopment Agency Plan Develop an annual strategic marketing plan that identifies goals and objectives for a comprehensive marketing and communications plan supporting the specific redevelopment projects and programs outlined in this Plan. Design collateral materials for events, cultural and public assets, leasing packages, opportunity site brochures, etc. Attend national and regional real estate and tradeshow events to market opportunities within the CRA. Actively market and promote stories, milestones, community events, opportunities, and successes from within the CRA's boundaries to residents and stakeholders through newsletter(printed and digital),social media, press releases and website. Communicate with the City, County, and other organizations to advocate the CRA's vision and brand promise. Launch a comprehensive social media campaign on Facebook, Instagram, Twitter and YouTube or other social media platforms that exist or may come into existence or trend during the implementation of this plan. Update the CRA's website per Florida Statute 189.069 and increase digital presence utilizing new brand standards guide, keywords and comprehensive messaging strategy. Build and maintain a resident and visitor database (at events, online, etc.)for CRA communications. Include a multilingual and multicultural communications program for outreach and relationship building to the various North Beach CRA stakeholders and communications outlets including, but not limited to residents, homeowner associations, neighborhood associations, business owners, tourist attractions and tourists, regional and statewide welcome centers, government leadership, law enforcement offices, real estate owners and developers, bankers, and financial institutions,etc. 9.3.4. Implement Neighborhood Program to spur community engagement and collaborations, Promotional Activities and Events The CRA should produce events and activities that further the work outlined in this Plan to increase awareness about the Area's aspirational brand and position itself to attract new investment, businesses, development, and cultural arts venues through a variety of activities, including but not limited to the recommendations outlined below for activities and events. Develop signature community events that promote community pride, especially related to Miami Mid- Century Modern (MiMo) architecture, the arts, culture, music and history, and encourage resident participation throughout the Redevelopment Area. Create economic development opportunities for local businesses to increase their client bases during community celebrations. 64 The North Beach Community Redevelopment Agency Plan 9.4. Redevelopment Goal 4: Protect and Enhance the Neighborhood Character Neighborhood character involves the look,feel, and movement within a residential area. It involves all aspects of land use, lot size, structure heights,and greenery,while also looking at business uses, walkable main streets,safe alleyways, and automobile traffic flow. Implementation strategies must work to preserve and enhance what residents value in the neighborhood,while also working to improve on or add what is missing.This is accomplished through a variety of activities, including but not limited to all activities associated with protecting and enhancing the neighborhood character. Strategies related to neighborhood character are those including but not limited to the recommendations below. Develop incentive programs to rehabilitate and preserve existing housing stock and/or develop new housing stock. Create infill housing programs to increase residential projects on existing residential sites. Support affordable homeownership opportunities through first-time homebuyer, down-payment and utility assistance programs. Create programs and incentive to increase affordable and workforce housing, mixed-income projects, mixed-use projects. Create programs and incentives to mitigate the costs of historic preservation and rehabilitation. Create programs and incentives to promote age in place opportunities for existing and new housing stock. Capitalize on and preserve Miami's Mid-Century Modern (MiMo) prevailing design aesthetic exhibited by North Beach's historic buildings. Partner with the Miami Beach Housing Authority and the City's Housing and Community Services Department to protect existing residents and provide affordable housing and homeownership opportunities. Work with the City to ensure property owners are meeting code compliance standards and implement remedies. Partner with the City to explore creation of Transfer of Development Rights(TDR) Districts noting that any such action would require voter referendum approval. 9.4.1. Key Sub-Areas for Phase I Redevelopment As noted earlier in the Neighborhood Analysis section, there are a few neighborhood sub-areas that have key commercial hubs or real estate assets in the North Beach CRA where a critical mass of improvements will indicate the area is changing for the better. These sub-areas include Town Center, Normandy Isle Fountain Area, North Shore and the West Lots.The following high-level overviews and associated implementation strategies are critical for revitalization of these sub-area or neighborhoods. 65 The North Beach Community Redevelopment Agency Plan Town Center The creation of a Town Center was first presented in a 2007 concept plan and then further developed in the 2016 Plan NoBe. The vision is to take the existing commercial hub of North Beach and transform it into a compact, pedestrian-friendly town center that is vibrant, dynamic, and includes a mix of uses with an attractive residential living environment, compatible office uses, and neighborhood-oriented commercial services in medium-scale density. There are a number of short-term and long-term strategies to bring the Town Center concept to fruition. Promote a diverse mix of residential, business, commercial, office, institutional, educational, and cultural and entertainment activities for workers,visitors, and residents. Encourage pedestrian-oriented development within walking distance of transit opportunities at densities and intensities to support transit usage and Town Center businesses. Partner with the City and County to provide a balanced mix of transportation options, including efficient buses,a connected bike network,walkable streets,and a connected street network for all modes of travel. Provide opportunities for live/work/play lifestyles and increase the availability of affordable residential and Class A office space. Create a place that represents a unique, attractive, and memorable destination for residents and visitors. Enhance the community's character through the promotion of high-quality urban design and creative placemaking. Support creation of a walkable main street. Enhance and expand canopy tree coverage. Encourage and support street raising for resiliency to sea level rise. Design and construct streetscape improvement projects along major streets and corridors in the Town Center to create walkable streets and provide dining, activation, and retail at ground level. Utilize City assets for productive development purposes. Work with development community to bring infill projects that remove gaps and discontinuity in the pedestrian experience. Partner with property owners to screen parking garages and surface lots from view on the street. Work with banks, developers, and property owners to redevelop non-historic, under-performing, one- story structures with multi-story mixed-use, resilient, and energy-efficient buildings. Work with the City to: o Establish Design Guidelines. o Set additional ten-foot setback for new buildings (at key locations) to accommodate wider sidewalks for outdoor dining. 66 The North Beach Community Redevelopment Agency Plan o Prevent new buildings, especially parking facilities, from presenting a back or side to existing street fronts. o Maintain limited or reduce parking requirements. Normandy Isles - Fountain Area The 2016 Plan NoBe set the vision for the Normandy Isles Fountain Area to become a vibrant, pedestrian-oriented shopping district with a combination of protection and enhancement.The Fountain area needs to transition from its current automobile-centric layout to accommodate pedestrian movement and transit connectivity. Redesign Normandy Drive and 715t Street to include wider sidewalks for pedestrians, on-street parallel parking,two traffic lanes, dedicated transit lanes, additional crosswalks, and protected bike facilities. Support redevelopment of sites around the fountain to include retail,Class A office space,and residential. Integrate the fountain parcel with the rest of the block. Encourage shopfronts on the ground floor and residences above. Enhance Maimonides Street to upgrade it from alleyway to inviting space with elements like murals,trees, kiosks, areas for outdoor dining,whimsical lighting, art installations, and other beautification efforts. West Lots As explained in Neighborhood Analysis section, the West Lots are eight city-owned parcels encompassing 9.43 acres that contain vacant sites, surface parking lots, a skate park, and the City's Ocean Rescue Headquarters among other temporary uses.The June 2018 Plan for the West Lots envisioned low-impact,active,civic,and social uses along with public art, resiliency, and sustainability elements on the parcels. The G.O. Bond project#29 has allocated funding for this purpose. Support development of active public uses like green spaces, splash pads, athletic fields, exercise equipment, and other recreation facilities and amenities. Engage in public-private partnerships to produce revenue generating uses to increase residential, commercial, and recreational opportunities. Provide active uses like markets, commercial village, and hospitality facilities to support the neighboring passive park. Incorporate resilience and sustainability elements. Improve parking and transit access. North Shore The final highlighted sub-area is the North Shore neighborhood, situated between the ocean and the Tatum Waterway and extends from the Town Center to the northern border of Miami Beach at 87th Terrace. North Shore is characterized by multifamily housing of relatively low height —two to four stories. Given that the majority of 67 The North Beach Community Redevelopment Agency Plan the North Shore neighborhood falls within the National Register designation, preservation and restoration strategies will be critical, along with workforce housing initiatives. Create incentive programs for owners to preserve, restore, and rehabilitate historic structures. Incorporate historic assets in branding and marketing initiatives. Partner with multifamily property owners to retain affordable and workforce housing offerings. Work with the private sector or public partners, like the City of Miami Beach Housing Authority to construct new workforce housing and affordable housing. 9.5. Redevelopment Goal 5: Improve the Quality of Life for Residents and Visitors Quality of Life measures are highly subjective, but almost always include measures related to access to parks, health and well-being, and neighborhood safety.This is accomplished through a variety of activities, including but not limited to all activities associated with quality of life, community spaces, safety, etc. The recommendations outlined below impact the Quality of Life for residents and visitors. 9.5.1. Community Spaces ■ Partner with the City to implement projects identified in the 2020 Parks and Recreation Master Plan to define the North Beach recreation corridor. Partner with horticultural organizations to construct community gardens in parks throughout the Redevelopment Area. Promote the health and well-being of residents by encouraging physical activity, alternative transportation, and greater social interaction. Improve pedestrian pathways along waterways. Explore the feasibility of restoring the Log Cabin in the North Beach Oceanside Park, with funds from G.O. Bond project#27. Develop green space throughout the CRA,such as parks, parklets, plazas,alleyways,and pocket parks. Work with the City to ensure streets are maintained and cleaned regularly. Work with the City to ensure landscaping is maintained on a regular basis. 9.5.2 Safety Work with the Miami Beach Police Department (MBPD) or ambassador programs to develop and implement community policing innovations. Support and adopt safety programs and activities through CPTED (Crime Prevention Through Environmental Design). Work with neighborhood groups, residents, and the Miami Beach Police Department to establish or reignite a Neighborhood Watch program. 68 The North Beach Community Redevelopment Agency Plan Work with the Miami Beach Code Compliance Department to highlight opportunities and address code-related concerns. Install lighting to encourage activation and enhance public safety. 9.6. Redevelopment Goal 6: Leveraging Resources for Community Redevelopment Redevelopment activities can be funded through many means including the North Beach CRA Trust Fund, grants, and financing. This is accomplished through a variety of activities, including but not limited to all activities associated with funding redevelopment.The CRA may need to leverage its annual TIF funding to implement large scale capital projects.Should the CRA choose to bond or incur other debt to complete capital projects,a dedicated revenue source in the annual budget will need to be identified for debt service. The CRA can also utilize the following funding mechanisms for redevelopment: Private Investment: Many CRAs and other districts design business attraction programs with developer entitlements and financial incentives in mind to fund public improvements and infrastructure with private investment. Community Benefits Agreements: Municipalities routinely partner with developers to encourage design and/or construction of parks and other public facilities and infrastructure projects providing community benefit. Revenue Sharing:Through Public Private Partnerships,CRAs frequently participate in revenue sharing projects for long-term benefits and self-sustainability. Transit Oriented Development (TOD) Funding: Transit-Oriented Development funding is available through state and federal sources for mixed-use development projects tied to increasing use of public transit, providing greater access to retail offerings, increasing access to job centers, and providing affordable housing in close proximity to employment centers. Community Development Block Grants:CDBG funding is available for eligible projects through Miami Dade County and the City.The program funds can be used:to build community facilities, roads, parks; to repair or rehabilitate housing;to provide new or increased public services to residents; or to fund initiatives that generate or retain new jobs. Housing and Urban Development Grants and Loans: The U.S. Department of Housing and Urban Development (HUD) provides low-interest loans to local governments for the implementation of capital projects for revitalization and economic development,including streetscape and infrastructure improvements. These loans can be supplemented by Economic Development Initiative (EDI) grants from HUD. Department of Economic Opportunity Grants: The Florida Department of Economic Opportunity (DEO) provides grants to local governments for the planning and implementation of economic development initiatives. Grants are usually in the$40,000 range. Business Improvement District:This is a long-term goal. With a BID in mind down the road,the CRA's business retention and attraction program should focus on existing businesses and building 69 The North Beach Community Redevelopment Agency Plan relationships for implementation. A BID can provide funding support for the continuity of some CRA programs after the CRA sunsets and increment revenue is no longer available. New Markets Tax Credits: This federal program incentivizes business and real estate investment in low-income communities of the United States via a federal tax credit. It is administered by the U.S. Treasury Department's Community Development Financial Institutions Fund and allocated by local Community Development Entities across the United States. Economic Development Agency: Public Works program investments help facilitate the transition of communities from being distressed to becoming competitive by developing key public infrastructure, such as technology-based facilities that utilize distance learning networks, smart rooms, and smart buildings;multitenant manufacturing and other facilities;business and industrial parks with fiber optic cable; and telecommunications and development facilities. In addition, EDA invests in traditional public works projects, including water and sewer systems improvements, stormwater system improvements, industrial parks, business incubator facilities, expansion of port and harbor facilities, skill-training facilities, and brownfields redevelopment. Economic Development Transportation Fund: The Economic Development Transportation Fund, commonly referred to as the "Road Fund," is an incentive tool designed to alleviate transportation problems that adversely impact a specific company's location or expansion decision. The award amount is based on the number of new and retained jobs and the eligible transportation project costs, up to$3 million.The award is made to the local government on behalf of a specific business for public transportation improvements. Brownfield Incentives: Florida offers incentives to businesses that locate on a brownfield site with a Brownfield Site Rehabilitation Agreement (BSRA). The following projected costs for redevelopment projects conceived for the Redevelopment Area do not reflect a ranked listing of projects to be budgeted using TIF revenue exclusively. Rather,the projects(capital and otherwise) outlined below include identified redevelopment opportunities in addition to the strategies and initiatives outlined within the Plan. 70 The North Beach Community Redevelopment Agency Plan The projects listed in Figure 33 are to illustrate all known redevelopment opportunities at this time, including City projects, but may change in the future depending on market conditions and community priorities. FIGURE 33: PROJECTED REDEVELOPMENT COSTS Project Name Location Project Cost Infrastructure and Resiliency Normandy Isle resiliency:elevate roads.storrnwater. Nomlandy Isle $ 50,000,000 neighborhood improvements Town Center resiliency:elevate roads,storrnwater pumps, Town Center S 30,000,000 capacity Improvements Landscape Improvements(above ground) 71st St Street $ 10,000,000 Water Towers replacement/pump stations 75th Street and Dickens Ave 5 10,000,000 Public seawalls(Living Shoreline) Seawall(72nd to 77th Street) 5 6,000,000 North Beach Oceanside Park enhancement and improvements North Beach Oceanside Park 5 5,000,000 Landscape (underground)water storage and street protection North&South of 71 Street 5 5,000,000 (suspended pavement) Neighborhood design and traffic measures CRA dstrictwide 5 4,000,000 North Beach Oceanside Park Beachwalk(w/G.O.Bond) North Beach Oceanside Park $ 2,200.000 Unidad facility improvements Senior Center 5 3,000,000 Bandshell renovations and Improvements 73rd Street 5 2,000,000 Beachwalk security cameras 63rd-8700 Block $ 1,900,000 Seawalls(private property) waterfront TBD Canal dredging 72nd-77th TBD Waterway restoration CRA distrtctwide TBD G.O.Bond Projects North Shore Park and Youth Center North Shore Park and Youth Center 5 5,725,000 North Beach Oceanside Park Beachwalk North Beach Oceanside Park $ 2,000,000 Log Cabin West Lots 5 1,076,000 72nd Street Community Complex 72nd Street 5 53,800,000 West Lots West Lots $ 5,000,000 Skate Park West Lots 5 750,000 Ocean Rescue North Beach Facility North Beach Oceanside Park 5 5,000,000 North Shore Neighborhood Tree Canopy&Lighting North Shore $ 8,000,000 Transportation and Mobility Transit lanes Collins AvenueAndian Creek Drive and 5 13,200.000 Harding/Collins Ave West Lots Temporary Parking Lot West Lots TBD West Lots parking garage West Lots 79-87th Streets $ 35,000,000 Internodal facility North Beach Intermodal Facility $ 10,000,000 Street Smart lighting CRA districtwide $ 7,600,000 Neighborhood traffic calming,protected bike lanes and CRA distnctwide $ 8,600,000 pedestrian-friendly streets Paving of streets and sidewalks CRA distnctwide $ 6,000,000 Neighborhood Greenways North Beach and Biarritz Drive $ 4,900,000 71st Street bridge enhancement 71st St Bridge $ 4,000,000 Street intersection improvements Dickens Avenue and 71st Street 5 700,000 Housing&Historic Preservation Attainable housing program Building acquisition,development and physical $ 41,104,000 improvements to existing Historic Preservation measures Facade preservation,resilience,ADA and life safety $ 15,000,000 upgrades Resilient design:commerical facade improvement program Normandy Isle. 63-72nd and Collins $ 10,000,000 Code Compliance Initiatives CRA districtwide $ 2,700,000 Economic Development and Community Revitalization Economic Development initiatives Business attraction and Investment programs $ 25,000,000 Cultural asset Investment(I.e.the Byron Carlyle theater) CRA districtwide TBD Community Policing initiatives CRA distnctwlde $ 4,350,000 72nd Street Community Complex(w/G.O.Bond) 72nd Street $ 10.000.000 TOTAL $ 408,805,000 71 The North Beach Community Redevelopment Agency Plan Financing and Implementation Plan Although the CRA is required by the Act to produce an annual budget for expenditures from the CRA Trust Fund, it is recommended to develop a five-year or multi-year implementation strategy with corresponding funding as part of the budgeting process to help guide the redevelopment program. Implementation of the CRA's programs and execution of the CRA Redevelopment Plan Goals and Implementing Strategies will be accomplished through the powers and authority vested to all CRAs by state law, the Interlocal Agreement, and through regulatory language adopted specifically for this Plan. 72 The North Beach Community Redevelopment Agency Plan 10. Financial Analysis This section provides an analysis of possible TIF revenue available to the North Beach CRA as its income over time under conservative, but reasonable, estimates of incremental real estate tax values growth within the Redevelopment Area. Note that this assessment only includes projections based upon the existing stock of taxable real estate and does not include real estate projects in the development or permitting pipeline (because those projects may never actually be built). 10.1. A Tax Increment Financing (TIF) Overview The tax increment that Tax Increment Financing ("TIF") uses to fund economic development initiatives in the Redevelopment Area is based on the growth over a base year taxable value for real estate within a defined area. The simplest way to understand how TIF financing works is to assume that an example property has a tax bill in 2020 of$1000, but$1100 in 2021.The 2020 tax bill of$1000 is the base year.Any growth above this value is what is shared with the CRA for its funding stream. In the example above,the$100 more paid in 2021 is the increment in that year. This process multiplied by all of the properties in the established Redevelopment Area is what provides the funding source for the CRA's activities over the 30-year term of the agency. The positive growth in real estate values within the designated CRA area is then allocated by formula to the CRA and the taxing authorities. The available increment in a given year is reduced by an administrative fee and the remainder is shared between the city, county and Redevelopment Area by a percentage that has yet to be determined for the North Beach CRA. FIGURE 34:RECENT TAXABLE VALUE HISTORY IN THE REDEVELOPMENT AREA B86e Year lbe 2014 2015 2016 2017 2018 2079 2020 BUNNGROU'O OR VAULT:REPAIRS-NON AUTOMOTIVE $ 1,530.650 1,683.715 $ 1.852088 5 2037,294 5 1,445,010 S 1.589500 5 1.748,450 COOPERATNE-RESIDENTIAL'.100769ATNE-REBSIDENRAL 5 226.895 248,566 5 254.775 5 279.882 5 307,315 5 761.729 $ 836.661 EIXXY1T1O64A1JSOE TFIC-EX:EDUCATIONAL-PRNATE $ 143,156 157,471 $ 175218 5 181,476 5 181.431 5 199,574 5 214,296 NANJAL INSTITURON:OFFICE 131.51.09C131.51.09C5 R 8,201,728 8.993,167 5 9.892,452 5 12,322,321 5 14,988,886 5 15,849,751 5 16.564.872 HOTEL OR MOTEL:COMMERCIAL-TOTAL VALUE 5 400.000 400,000 $ 400,000 5 400.000 E 400.000 S 400,000 5 403.000 HOTEL OR MOTE-:CONDOMINL8,l-TIMESHARING S 9,720,123 10,889,922 5 11.745.792 5 12990,074 5 14,471,177 5 15,917,723 5 16,334.877 6833E.,OR MOTE-'.FIOTEL 5 126.510.801 128,492,879 5 129.595.427 $ 138,789.893 6 107,295.411 $ 116.460,916 $ 117,699,440 UGM MANI.FACRXRNG:LIGNT MFG 4 FOOD PROCESSING 5 496,137 545,750 5 600,325 5 645,012 5 543,306 5 815,788 5 544.060 MIXED USE-STORE'RESIOENTIAL:MIXED USE.COMMERCIAL 5 7,741,570 8.232.725 5 9.700,693 $ 10.157.974 5 10,668.011 S 11,452,996 5 12,003,837 MIXED USE-STORF/RESIOE4TIAL:MO®USE-RE5106071AL 5 4,486,017 7,055,338 5 7530,977 5 7,971,142 6 7,456.329 S 8,233.938 $ 8.654.833 MIXED USE-STORE'RESIOBIT0L:FETAL OUTLET $ 1.255.650 5 1,381815 5 1.519.336 MULTIFAMILY 10 LMB PLUS MLLTFAMLY 3 0111 MORE MIS5 61,823,843 70,860.044 6 77,868,143 S 66.455,440 S 134743,106 5 148,800,439 5 759,409.377 MLILrFAMILY 2-9 LAPS:2 LNR43 UNITS 5 682.101 1.159.501 $ 1.262.119 S 1,327.189 5 1.403.700 5 1529.737 5 1.683,606 MILTFAMILY 2-9(NTS:MLLTFAMLY 3 OR MORE ANTS $ 38,498.180 43,934911 5 47,468,959 5 51,055.735 $ 70,887.691 $ 77588.964 5 53.527,217 OFFICE BILD943-'Awns-ORY:OFFICE BUILDING $ 7,013,530 8,518.878 $ 10.205,590 5 14,074,376 5 12.623.292 5 13,871,720 5 14.641.947 OFFICE BUILDING-ONE STORY:OFFICE BUILDINGS 8.018.384 6,611,997 5 9,109.096 5 9.501.886 S 8.732.242 5 9,970.878 5 10.442.599 PARKING LOT/MOBLE HOME PARI(:PARKING LOT 5 14,445,889 15,643,706 5 20,197,926 5 25,906,782 5 32,030.790 $ 34,261,736 5 36.782.432 PROFESSIONAL SERVICE BLDG:OFFICE BUILDING 5 2,108,882 2,368,775 $ 2.517.329 $ 2.630.458 6 2.723.719 5 2,870,681 5 2.886,565 RE510E4T161-SNGLEFAMLY 1 LI-IT S 2.417,117 2.995587 5 3,170,841 5 3,272,514 $ 4.527,310 5 4,739.809 5 4.938,942 8E515E8)116L-TOTAL VALUE:0061008498630-RESL)E4TWL S 296,115,410 330.595,678 5 360.960.805 5 384.192,028 S 414.443.975 5 707.216,445 5 750.163.241 RFSIDETI AL-TOTAL VALUE:CO6OOMNAIA4-TIMESNARINO S 75,798 76,678 0 79.338 0 82,054 $ 84,563 $ 87.657 S 89.584 RESTAURANT OR CAFETERIA:RETAIL OUTLET S 9,531,126 11.245,979 $ '2,421,682 5 13,559,428 0 17.498,270 5 18.012,711 S 18.544.361 SERVICE STATION:SERMCE STATION•AUTOMOT1W 9 5,411,777 5,952.953 0 6,471.656 5 7.092,674 5 1.637,368 $ 4401.103 5 9.241.211 STORE:COMMERCIAL-TOTAL VALUE $ 1,532,252 1.585,477 5 7,854,024 5 2,039,428 5 2.243.368 5 2,467,704 5 2,714,474 STORE:COIDOMNUM-COMMERCIAL 5 5,109,983 5,291.112 $ 9.432.528 5 9,515,312 5 9.198,518 $ 10,760,667 5 11,247.492 STORE RETAIL OUTLET S 42,628,218 50,135.069 0 52,935,689 $ 56,784,092 6 100.924.462 $ 107,487,013 5 112,331,829 SUPERMARKET:RETAILOUTLET 5 16.204000 17.820,000 0 17,521.265 5 19.273,391 5 21.200.730 5 21.814,000 5 21.814.000 LJT1UTY-.U ILITY $ 7,091.315 7.800.446 0 8,580.989 S 9,235,803 5 9.608,483 $ 10,489,180 S 10,920.122 VACANT LAM-COMMERCIAL:EXTRA FEA OTHER THAN PARKING $ 19,132,235 19,165,240 9 19,218.387 S 19,255,882 $ 19.308,066 S 19,365505 9 19,428,691 VACANT LAND'COMMERCIAL:VACANT LAND S 11594,045 12,485.728 $ 13.786.044 5 14280,366 S 16014.158 5 20.959.979 5 23.229,005 VACANT RESIDENTIAL COMO S 2820,466 5 2.820466 WAREHOUSE TERMINAL OR STG:WAREOUSE OR STORAGE $ 2,700,000 2,970,000 6 2843,500 $ 127 860 3,440.635 5 3,784,698 5 4,163,167 Grind Total 8 714,394,922 784,102,270 S 849.761,185 $ 918 440.256 $ 1.050,388,982 5 1,400,232,242 5 1,477,620,886 73 The North Beach Community Redevelopment Agency Plan For the Redevelopment Area,the recent comparative history of the area's taxable values shows a varying growth pattern of taxable value that the recent COVID-induced economic slowdown has likely exacerbated (see Figure 34). For 2020,the total taxable value of all real estate in the Redevelopment Area is$1.47 billion USD. Projections of tax increments shown in this plan begin from this base year and value'. Annual property tax assessments are generally based on market data, such as sales, income information and the condition of the property. Understanding the composition of the taxable basis is important for a variety of reasons, but primarily because it shows where economic development initiatives may have the most immediate and far-reaching impacts on the tax increment's size and growth rate. The 2020 taxable values by use (Figure 35)show that 83%of all property taxes in the Redevelopment Area come from just five uses, and nearly half of the taxable values are derived from residential condominiums. FIGURE 35:TAXABLE VALUE CONTRIBUTIONS BY REAL ESTATE USES Incremental Cumulative Use _ _ _ _ _ Value RESIDENTIAL-TOTAL VALUE:CONDOMINIUM RESIDENTIAL RESIDENTIAL 50.6% 50.8%I MULTIFAMILY 10 UNITS PLUS:MULTIFAMILY 3 OR MORE UNITS $159,409,377 10.8% 61.6% HOTEL OR MOTEL:HOTEL $117,699,440 8.0% 69.5% STORE:RETAIL OUTLET $112,331,829 7.6% 77.1% MULTIFAMILY 2-9 UNITS MULTIFAMILY 3 OR MORE UNITS $83,527,217 5.7% 82.8% PARKING LOT/MOBILE HOME PARK:PARKING LOT $36.782,432 2.5% 85.3% VACANT LAND-COMMERCIAL:VACANT LAND $23,229,005 1.6% 86.8% SUPERMARKET:RETAIL OUTLET $21,814,000 1.5% 88.3% VACANT LAND-COMMERCIAL:EXTRA FEA OTHER THAN PARKING $19,428,691 1.3% 89.6% RESTAURANT OR CAFETERIA:RETAIL OUTLET $18,544,361 1.3% 90.9% FINANCIAL INSTITUTION:OFFICE BUILDING $16.564,672 1.1% 92.0% HOTEL OR MOTEL:CONDOMINIUM-TIMESHARING $16,334,877 1.1% 93.1% OFFICE BUILDING-MULTISTORY:OFFICE BUILDING $14,641,947 1.0% 94.1% MIXED USE-STORE/RESIDENTIAL:MIXED USE-COMMERCIAL $12,003,837 0.8% 94.9% STORE:CONDOMINIUM-COMMERCIAL $11,247,492 0.8% 95.7% UTILITY:UTILITY $10,920.122 0.7% 96.4% OFFICE BUILDING-ONE STORY:OFFICE BUILDING $10,442,599 0.7% 97.1% SERVICE STATION:SERVICE STATION-AUTOMOTIVE $9.241,211 0.6% 97.7% MIXED USE-STORE/RESIDENTIAL:MIXED USE-RESIDENTIAL $8,654.833 0.6% 98.3% RESIDENTIAL-SINGLE FAMILY:1 UNIT $4,938,942 0.3% 98.7% WAREHOUSE TERMINAL OR STG:WAREHOUSE OR STORAGE $4,163.167 0.3% 98.9% PROFESSIONAL SERVICE BLDG:OFFICE BUILDING $2,886,565 0.2% 99.1% VACANT RESIDENTIAL:CONDO $2,820,466 0.2% 99.3% STORE:COMMERCIAL-TOTAL VALUE $2.714,474 0.2% 99.5% BURIAL GROUND OR VAULT:REPAIRS-NON AUTOMOTIVE $1,748,450 0.1% 99.6% MULTIFAMILY 2-9 UNITS:2 LIVING UNITS $1.663.696 0.1% 99.7% MIXED USE-STORE/RESIDENTIAL:RETAIL OUTLET $1.519,336 0.1% 99.9% COOPERATIVE-RESIDENTIAL:COOPERATIVE-RESIDENTIAL $836,661 0.1% 99.9% LIGHT MANUFACTURING:LIGHT MFG&FOOD PROCESSING $644,060 0.0% 100.0% HOTEL OR MOTEL:COMMERCIAL-TOTAL VALUE $400,000 0.0% 100.0% EDUCATIONAL/SCIENTIFIC-EX:EDUCATIONAL-PRIVATE $214,296 0.0% 100.0% RESIDENTIAL-TOTAL VALUE:CONDOMINIUM-TIMESHARING $89,584 0.0% 100.0% 2 Note that the final determination of the Base Year for the North Beach CRA has yet to be made. If the Base year is determined to be 2021,versus 2020 (as shown here),then the figures and projections would change to reflect growth from that baseline. 74 The North Beach Community Redevelopment Agency Plan Summing the three different residential types (condominiums, multi-family of 10 or more units and multi-family of 9 or less) to give a total residential value in the top five provides 67.3% of all property taxes. Hotels provide 8.0%and retail a further 7.6%. Expanding and broadening the tax base in the Redevelopment Area is a worthwhile goal on its own and a proven mechanism to add to the tax increment by adding new and renovated properties to the existing stock of buildings. 10.2. Projected TIF Proceeds Over Time 10.2.1. Base Year Amount Examination of the Base Year amount of the Redevelopment Area begins with a review of the Property Appraiser data for all parcels located within the boundaries. These properties have a current Taxable Value of$1.477 billion based on Miami-Dade County Property Appraiser data for 2020. When the Trust Fund for the new CRA is established, the relevant property tax values at that time will be used for CRA's Base Year. 10.2.2. Future Revenue Projections The estimate of the future revenues is based on two factors: An annual growth rate of the Taxable Value (%) Millage rates ($/$1,000 in value) The average valuation growth rate for existing properties within the Redevelopment Area used for this study is approximately 3.0% per year. This rate reflects the increase in value of all properties in the Redevelopment Area and is appropriate for planning purposes in order to provide a conservative projection of revenue over the CRA time horizon. Note that taxable values over time are based on both the growth rate the taxable base as well as the applicable millage rates in the Redevelopment Area. Millages have been held constant across the TIF's lifetime in these projections.This assessment does not include real estate projects in the development or permitting stages as potential projects may never be built. 10.2.3. Millage rates: These rates are adopted annually and for 2020 are as follows for unincorporated Miami Beach: County millage rate=0.0046669 City millage rate= 0.0057288 Total annual millage rate=0.0103957 These figures exclude millage rates for debt service, misc. millage, schools, regional and county-wide and other uses. 75 The North Beach Community Redevelopment Agency Plan Figure 36 shows projections of property FIGURE 36:PROJECTED PROPERTY VALUE AND PROPERTY TAX value and property tax growth (including the o INCREMENT GROWTH(AT 100%) IN THE REDEVELOPMENT tax increment at 100% of its value) in the Redevelopment Area over the next 30 years. AREA These forecasts can and will be updated in increment Taxable values Property taxes Taxable values Property taxes the future to reflect appropriate market Base year $ 1,477.620,886 $ 15,360.903 $ - $ - TIF YR 1 $ 1,521,949,513 $ 15.821,731 $ 44,328,627 $ 460,827 conditions and millage rates. TIF YR2 $ 1,567,607,998 $ 16.296.382 $ 89.987,112 $ 935.479 TIF YR 3 $ 1,614,636,238 $ 16,785.274 $ 137.015,352 $ 1,424,370 TIP YR 4 $ 1,663,075,325 $ 17,288,832 $ 185,454.439 $ 1,927,929 In this case,the scenarios used a single 3.0% TIF YR 5 $ 1,712.967,585 $ 17,807,497 $ 235.346,699 $ 2,446,594 TIP YR 6 $ 1,764,356,612 $ 18,341,722 $ 286,735,726 $ 2,980,819 average annual growth rate to reflect a TIF YR 7 $ 1,817,287,311 $ 18.891.974 $ 339.666,425 $ 3,531,070 TIF YR 8 $ 1,871,805,930 $ 19,458.733 $ 394.185,044 $ 4,097,829 simple (but conservative) estimate for TIF YR 9 $ 1.927,960,108 $ 20,042,495 $ 450.339,222 $ 4,681,591 TIF YR 10 $ 1.985,798,911 $ 20,643,770 $ 508,178,025 $ 5,282,866 property value increases over the TIF's TIF YR 11 $ 2,045.372,878 $ 21,263,083 $ 567,751.992 $ 5,902,179 TIF YR 12 $ 2,106,734,065 $ 21,900.975 $ 629,113,179 $ 6,540.072 lifetime, knowing that actual values will be TIF YR 13 $ 2,169,936,087 $ 22,558,005 $ 692.315,201 $ 7.197,101 TIF YR 14 $ 2,235,034,169 $ 23,234,745 $ 757.413,283 $ 7,873,841 different, as the economy rises and falls. TIF YR 15 $ 2,302,085,194 $ 23,931,787 $ 824,464.308 $ 8,570,884 TIP YR 16 $ 2,371,147,750 $ 24,649,741 $ 893.526,864 $ 9,288.837 TIP YR 17 $ 2,442,282,183 $ 25,389,233 $ 964,661,297 $ 10,028.329 Since market conditions are difficult to TIF YR 18 $ 2,515,550,648 $ 26,150.910 $ 1.037.929,762 $ 10.790.006 TIF YR 19 $ 2,591,017,168 $ 26,935,437 $ 1,113,396,282 $ 11,574,534 forecast over 30 years this projection TIF YR20 $ 2,668,747,683 $ 27,743,500 $ 1,191,126,797 $ 12,382,597 TIF YR 21 $ 2,748,810.113 $ 28,575,805 $ 1,271,189,227 $ 13,214,902 baseline allows for a reasonable discussion TIF YR22 $ 2,831,274,417 5 29,433,079 $ 1,353,653,531 $ 14,072.176 TIF YR 23 $ 2,916,212,649 $ 30,316.072 $ 1,438.591,763 $ 14.955,168 of potential tax increment uses. TIF YR 24 $ 3,003,699,029 $ 31,225.554 $ 1,526,078,143 $ 15,864,651 TIF VR 25 $ 3,093,810,000 $ 32,162.321 $ 1.616.189,114 $ 16,801,417 TIP YR 26 $ 3,186,624,299 $ 33,127,190 $ 1,709.003,413 $ 17,766,287 The forecasts shown in this section allow for TIF YR27 $ 3.282,223.028 $ 34,121,006 $ 1.804,602,142 $ 18,760,102 TIF YR 28 $ 3,380,689,719 $ 35,144,636 $ 1,903,068,833 $ 19,783,733 three different potential revenue options for TIP YR 29 $ 3,482,110,411 $ 36,198.975 $ 2.004,489,525 $ 20,838,072 TIF YR 30 $ 3,586,573.723 $ 37,284.944 $ 2.108.952,837 $ 21,924,041 the CRA.The three options depend upon the Totals $ 752,725,408 $28,078,754,165 $291,898,305 final increment share after administrative fees that the CRA receives: 50% (the most conservative option); 75% (the base case); and 95% (the most far- reaching option). Each option assumes that of the total increment, the city and county take out administrative fees,then provide the CRA with 50%, 75%or 95%of the remaining revenue as the CRA's income source. 76 The North Beach Community Redevelopment Agency Plan Under the growth assumptions discussed earlier, FIGURE 37:PROJECTED TAX INCREMENT PROCEEDS IN THE the CRA Area would see year one revenue for the 50% case of $225,000, for the 75% case of REDEVELOPMENT AREA $337,000 and for $427,000 for the 95% case (as CRA Revenues by 111 Capture Rate seen in Figure 37). 50% 75% 95% TIF YR 1 $ 225,114 $ 337,671 $ 427,717 TIF a56,s62 $ 665,472 $ a66,26s By the end of the TIF's life, annual revenues $ TIF YR 3 S 895,805 $ 1,043,707 $ 1,322,029 would be just over$10 million dollars in nominal TIF YR4 E 941,793 $ 1,412,690 $ 1.789,407 TIF YR 5 $ 1,195,161 $ 1,792,742 $ 2,270,806 terms for the 50%option, $16 million dollars for TIF YR 6 $ 1,456.130 $ 2,184,195 $ 2,766.647 TIF YR 7 $ 1,724,928 $ 2,587,392 $ 3,277,363 the base case of 75% and just over $20 million TIF YR8 $ 2,001,790 $ 3,002,685 $ 3,803,400 TIF YR 9 5 2,286,957 $ 3,430,438 $ 4,345,219 dollars in the 95%case. TIF YR 10 $ 2,580,680 $ 3.871,020 $ 4,903,292 TIF YR 11 $ 2,883,215 $ 4,324,822 $ 5,478,108 Figure 38 below shows the graphical flows of the TIF YR 12 $ 3,194,625 $ 4,792,238 S 6,070,168 TIF YR 13 $ 3,515,784 $ 5,273,676 $ 6,679,989 CRA revenues in nominal dollars over 30 years to TIF YR 14 $ 3,846,371 $ 5.769,557 $ 7,308,106 TIF YR 15 $ 4.186,877 $ 6.280,315 $ 7,955,066 the Redevelopment Area for the three TIF 'OF YR 16 $ 4,537,597 $ 6,806,395 $ 8,621,434 TIF YR 17 $ 4,898,839 $ 7.348,258 $ 9,307.794 revenue sharing cases. TIF YR 18 $ 5,270,918 $ 7,906,377 $ 10,014,744 TIF YR 19 $ 5,654,180 $ 8,481,240 $ 10,742,903 TIF YR 20 $ 6,048,899 $ 9,073,348 $ 11.492,907 TIF YR 21 $ 6,455,480 $ 9,683,219 $ 12,265,411 TIF YR 22 $ 6,874,258 $ 10,311,387 $ 13,061,090 TIF YR 23 $ 7,305,600 $ 10,958,400 $ 13,880,640 TIF YR 24 $ 7,749,882 $ 11,624,823 $ 14,724,775 TIF YR 25 $ 8,207,492 $ 12,311,238 $ 15,594,235 TIF YR 26 $ 8,678,831 S 13,018.247 $ 16,489,779 TIF YR 27 $ 9,164,310 $ 13,746,465 $ 17,412,189 TIF YR 28 $ 9,664,353 $ 14,496.530 $ 18,362,271 TIF YR 29 $ 10,179,398 5 15.269,097 $ 19,340,856 TIF YR 30 $ 10.709,894 $ 16,064.841 $ 20.348.799 Totals $ 142,692,322 $ 213,888,483 $ 270,926,411 FIGURE 38:PROJECTED NOMINAL TAX INCREMENT PROCEEDS IN THE REDEVELOPMENT AREA FOR THREE REVENUE SHARING OPTIONS 95% 75% -50% $25,000,000 $20,348,799 $20,000,000 16,064,841 $15,000,000 $10,709,894 $10,000,000 $5,000,000 $- N M V LI) C0 I"- 00 O) O r N CO (() (D N- CO O) O .- N V u7 CO N. CO 0) O N N N N N N N N CO CO CO CO CO CO CO CO CO CO V V V V V V V V V ' CC) to C) 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 C) 0 0 0 0 0 0 0 0 N C\I N N N N N N N N N N N N N N N N (V N N N N N N N N N N N 77 The North Beach Community Redevelopment Agency Plan Estimating future inflation using inflationary information from the recent past as a guide, the Redevelopment Area's revenues can be estimated in present value terms so that the total shown in a given year is equal to today's dollars. In present value terms(and assuming a 2.1%average annual inflation rate across the projection period),the CRA's 30-year revenues for each case are as follows: 50% Case: starting year revenues of$225,000, growing to $5.8 million dollars by year 30 and with total present value revenues of$94 million dollars; 75% Case: starting year revenues of$338,000, growing to $8.7 million dollars by year 30 and with total present value revenues of$142 million dollars; 95%Case: starting year revenues of$428,000, growing to $11.1 million dollars by year 30 and with total present value revenues of$180 million dollars. FIGURE 39:PROJECTED PRESENT VALUE TAX INCREMENT PROCEEDS IN THE REDEVELOPMENT AREA FOR THREE REVENUE SHARING OPTIONS —95% —75% 50% $12,000,000 $11,137,616 $10,000,000 $8,792,855 $8,000,000 $5,861,903 $6,000,000 $4,000,000 $2,000,000 $- N CO V LC) O N CO Cr) O N M V U) CO N CO O) O .- N CO V CC) CO N- CO Q) O N N N N N N N N CO CO CO CO CO CO Cr) CO CO CO V V V d' V V V If) Cn 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 N N CV N N ('40.4 04 ('40.4 0.4 N N N N N N N N N N N N N N N N N N N In both of the earlier examples, the projected growth rates are based on a continuously growing economy and, hence increasing taxable values for properties within the TIF area. Since economic recessions happen and often result in declines in taxable property values, an ever-growing upward TIF calculation likely overstates potential TIF revenues. Next,a scenario is modeled for the 75%Case (as an illustrative example of how revenues change from recessions) for a single recessionary event in the year 2024.This recession results in property values declining by 10%in 2024, 78 The North Beach Community Redevelopment Agency Plan followed by a single year of zero property value growth as the economy recovers,then returns to the exact same 3%growth rate used in the prior estimates. The resultant impacts on the CRA's potential annual revenues for the 75%Case are substantial.After an initial set of small, positive revenues, the Redevelopment Area generates no real income until 2028, then grows to a maximum nominal value in year 30 of$11.9M and a cumulative total of$135M in income($87M in present value) over the term (Figure 40). This single recessionary scenario reflects a 37% decline in nominal revenues from the continuous growth scenario presented in Figure 38. FIGURE 40:PROJECTED EXAMPLE RECESSION TAX INCREMENT PROCEEDS IN THE REDEVELOPMENT AREA— 75%CASE WITH 20%ERROR BARS $16,000,000 $14,000,000 $12,000,000 $10,000,000 $8,000,000 $6,000,000 $4,000,000 $2,000,000 $- C`") Lc) CO r CO (3) O N M V (f) (O N- CO 0) O N CO 'a Cn (D N- CO 0) O N N N N N N N N C'") M CO C`') CO CO CO CO C'') Cn V V V V yr V Ch (C) LU 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 N (N N N N N N N N N N N N N N N N N N NNNNNNNNNN N Also,future CRA TIF growth will likely include new, mixed-use development within the Redevelopment Area. Such developments can meaningfully increase the total incremental property tax revenue generated.The value of new investments of this type directly drives the property tax increment generated, with the CRA's income rising along with each new project's incremental addition to the tax rolls. 79 The North Beach Community Redevelopment Agency Plan 11. Appendices 11.1. Appendix 1: Miami-Dade County Resolution No. R-619-20 declared an Area in the City of Miami Beach to be blighted and accepted the Finding of Necessity Study. 80 0 The North Beach Community Redevelopment Agency Plan 11.2. Appendix 2: City Commission Resolution No. 2021-31596 created the North Beach Community Redevelopment Agency. 81 The North Beach Community Redevelopment Agency Plan 11.3. Appendix 3: Resolution No. delegated certain powers conferred on the County Commission by the Act to the City and the North Beach CRA to implement the Plan for the Redevelopment Area. 82 EXHIBIT B INTERLOCAL COOPERATION AGREEMENT AMONG THE CITY OF MIAMI BEACH, FLORIDA, THE NORTH BEACH COMMUNITY REDEVELOPMENT AGENCY,& MIAMI-DADE COUNTY,FLORIDA THIS INTERLOCAL COOPERATION AGREEMENT (the"Interlocal Agreement"), made this day of , 2021, by and among Miami-Dade County, Florida, a political subdivision of the State of Florida(the"County"),the City of Miami Beach, a municipal corporation under the laws of the State of Florida (the "City"),and the North Beach Community Redevelopment Agency,a public body corporate created pursuant to Section 163.357, Florida Statutes(hereinafter, referred to as the"NBCRA"); and WHEREAS,the Florida Legislature enacted the Community Redevelopment Act of 1969, which is presently codified in the Florida Statutes at Part III of Chapter 163, Sections 163.330 through 163.463, as amended, (the"Act");and WHEREAS, the Act provides "the governing body of any county which has adopted a home rule charter may, in its discretion,by resolution delegate the exercise of the powers conferred upon the county by [the Act] within the boundaries of a municipality to the governing body of such a municipality;"and WHEREAS, the Act further provides that "[s]uch a delegation to a municipality shall confer only such powers upon a municipality as shall be specifically enumerated in the delegating resolution;"and WHEREAS, on July 7, 2019,the City Commission adopted Resolution No. 2019-30892, approving the Finding of Necessity for the North Beach Area (the "study"), and subsequently submitted the study to the County for consideration to create the NBCRA, which area is generally bounded on the north by 87th Terrace, on the west by Rue Notre Dame, on the south by 65th Street and on the east by the Atlantic Ocean, which is referred to as the North Beach Community Redevelopment Area("Redevelopment Area"); and WHEREAS, on July 8, 2020, the Miami-Dade County Board of County Commissioners (the"County Commission"),adopted Resolution No.R-619-20,accepting the Finding of Necessity for the Redevelopment Area, declaring the Redevelopment Area as slum or blighted,as defined in section 163.340 (7) and (8) of the Act, and delegating the power to create the NBCRA to the City for the purpose of adopting a redevelopment plan to be presented to the County Commission for consideration; and WHEREAS, the City Commission through Resolution No. 2021-31596, adopted on February 10, 2021, created the NBCRA;and WHEREAS,additionally,the North Beach Community Redevelopment Agency Board of Commissioners adopted a redevelopment plan ("the Plan") for the Redevelopment Area through Resolution No. , on May 12, 2021; and 1 WHEREAS, on , the City Commission adopted Resolution No. ,approving the Plan and transmitting the Plan to the County Commission; and WHEREAS, the County Commission, in accordance with the Act, wishes to delegate certain powers conferred on the County Commission by the Act to the City and the NBCRA to implement the Plan for the Redevelopment Area, as described in the Plan;and WHEREAS, the County, the City, and the NBCRA desire to delineate their areas of responsibility with respect to the redevelopment of the Redevelopment Area, as described in the Plan;and WHEREAS, on , the County Commission also enacted Ordinance No. ,which among other things,established a trust fund("Fund"or"Trust Fund") to fund improvements in the Redevelopment Area; and NOW, THEREFORE, in consideration of the premises and the mutual covenants recorded herein,the County,the City, and the NBCRA agree as follows: I. Delegation of Powers A. With the exception of the community redevelopment powers that continue to vest in the County Commission pursuant to section 163.358 of the Act, the NBCRA shall have the right and sole responsibility to exercise the following redevelopment powers specifically delegated by the County Commission pursuant to section 163.370 of the Act: (1) The power to make and execute contracts and other instruments necessary or convenient to the exercise of its powers pursuant to the Act. (2) The power to disseminate information regarding slum clearance and community redevelopment. (3) The power to undertake and carry out community redevelopment and related activities within the Redevelopment Area, which redevelopment may include: (a) Acquisition of a slum area or a blighted area or portion thereof by purchase, lease, option, gift, grant, bequest, devise, or other voluntary method of acquisition; (b) Demolition and removal of buildings and improvements; (c) Installation, construction, or reconstruction of streets, utilities, parks, playgrounds, public areas of major hotels that are constructed in support of convention centers, including meeting rooms, banquet facilities, parking garages, lobbies, and passageways, and other improvements necessary for carrying out in the Redevelopment Area the community redevelopment objectives of the Act in accordance with the Plan; (d) The power to dispose of any property acquired in the Redevelopment Area at its fair value as provided in section 163.380 of the Act, for uses in accordance with the Plan; 2 (e) The power to carry out plans for a program of voluntary or compulsory repair and rehabilitation of buildings or other improvements in accordance with the Plan; (f) The power to acquire real property in the Redevelopment Area by purchase, lease, option, gift, grant, bequest, devise, or other voluntary method of acquisition which, under the Plan, is to be repaired or rehabilitated for dwelling use or related facilities,repair or rehabilitation of the structures for guidance purposes, and resale of the property, or otherwise put to use for the public good as set forth in the Plan; (g) The power to acquire any other real property in the Redevelopment Area by purchase, lease, option, gift, grant, bequest, devise, or other voluntary method of acquisition, when necessary to eliminate unhealthful, unsanitary or unsafe conditions; eliminate obsolete or other uses detrimental to the public welfare; or otherwise to remove or prevent the spread of blight or deterioration or to provide land for needed public facilities; (h) The power to acquire, without regard to any requirement that the area be a slum or blighted area,air rights in an area consisting principally of land over highways, railway or subway tracks, bridge or tunnel entrances, or other similar facilities which have a blighting influence on the surrounding area and over which air rights sites are to be developed for the elimination of such blighting influences and for the provision of housing (and related facilities and uses) designed specifically for, and limited to, families and individuals of low or moderate income; (i) The power to construct the foundations and platforms necessary for the provision of air rights sites of housing (and related facilities and uses) designed specifically for, and limited to, families and individuals of low or moderate income. (4) The power to provide, or to arrange or contract for,the furnishing or repair by any qualified, licensed person or agency, public or private, of services, privileges, works,streets,roads,bridges,public utilities,or other facilities for,or in connection with, the Plan;to install,construct, and reconstruct streets, bridges, utilities, parks, playgrounds, and other public improvements; and to agree to any conditions that it deems necessary and appropriate, which are attached to federal financial assistance and imposed pursuant to federal law relating to the determination of prevailing salaries or wages or compliance with labor standards, in the undertaking or carrying out the Plan and related activities, and to include in any contract authorized by the NBCRA in connection with such redevelopment and related activities, provisions to fulfill such of the conditions as it deems reasonable and appropriate; (5) The power to enter into any building or property in the Redevelopment Area in order to make inspections, surveys, appraisals, soundings, test borings, or contamination tests, with the permission of the owner(s) and to request an order for this purpose from a court of competent jurisdiction in the event entry is denied or resisted; 3 (6) The power to acquire by purchase, lease, option, gift, grant, bequest, devise or otherwise any real property within the redevelopment area(or personal property for its administrative purposes),together with any improvements thereon; (7) The power to hold,improve,clear or prepare for redevelopment any property within the Redevelopment Area acquired by the NBCRA; (8) The power to mortgage, pledge, hypothecate, or otherwise encumber or dispose of any real property acquired by the NBCRA within the Redevelopment Area; (9) The power to insure or provide for the insurance of any real or personal property acquired by the NBCRA within the Redevelopment Area or operations of the NBCRA against any risks or hazards, including the power to pay premiums on any such insurance; (10) The power to enter into any contracts necessary to effectuate the purposes ofthe Act; (11) The power to solicit requests for proposals for redevelopment of parcels of real property within the Redevelopment Area contemplated by the Plan to be acquired for redevelopment purposes by the NBCRA and, as a result of such requests for proposals, to advertise for the disposition of such real property to private persons or entities pursuant to section 163.380 of the Act, prior to acquisition of such real property by the NBCRA; (12) The power to invest any community redevelopment funds held in reserves or sinking funds or any such funds not required for immediate disbursement in property or securities in which savings banks may legally invest funds subject to their control and to redeem such bonds as have been issued pursuant to section 163.385 of the Act, at redemption price established therein or to purchase such bonds at less than the redemption price, all such bonds so redeemed or purchased to be canceled; (13) Subject to prior approval of the City Commission and the County Commission, which approval or disapproval shall be in the sole and absolute discretion of the City Commission and County Commission,the power to borrow money and to apply for and accept advances, loans, contributions, and any other form of financial assistance from the Federal Government or the state, county, or other public body or from any sources, public or private, for the purposes of the Act, and as a condition of the award of such loan or contribution,to give such security as may be required and to enter into and carry out contracts or agreements in connection therewith; and to include in any contract for financial assistance with the Federal Government for or with respect to community redevelopment and related activities such conditions imposed pursuant to federal laws as the NBCRA deems reasonable and appropriate which are not inconsistent with the purposes of the Act. It is the expressed intent of the NBCRA not to issue bonds or use any other form of indebtedness until such time as required by a development when bonding or indebtedness is required to complete the project. (14) The power to make or have made all surveys and plans necessary to the carrying out of the purposes of the Act; to contract with any person, public or private, in 4 making and carrying out such plans; and to adopt or approve, modify, and amend such plans, which plans may include, but are not limited to: (a) Plans for carrying out a program of voluntary or compulsory repair and rehabilitation or buildings and improvements; and (b) Plans for the enforcement of state and local laws, codes, and regulations relating to the use of land and the use and occupancy of buildings and improvements and to the compulsory repair, rehabilitation, demolition, or removal of buildings and improvements:and (c) Appraisals, title searches, surveys, studies, and other plans and work necessary to prepare for the undertaking of community redevelopment and related activities;and (15) The power to develop, test, and report methods and techniques, and carry out demonstrations and other activities, for the prevention and the elimination of slums and urban blight and developing and demonstrating new or improved means of providing housing for families and persons of low income; and (16) The power to apply for, accept, and utilize grants of funds from the Federal Government for such purposes; and (17) The power to prepare plans for and assist in the relocation of persons (including individuals, families, business concerns, nonprofit organizations, and others) displaced from the Redevelopment Area and to make relocation payments to or with respect to such persons for moving expenses and losses of property for which reimbursement or compensation is not otherwise made, including the making of such payments financed by the Federal Government;and (18) The power to appropriate such funds and make such expenditures as are necessary to carry out the purposes of the Act; to make a request to the City or the County to rezone any part of the Redevelopment Area or make exceptions from, or revisions to, building regulations; and to enter into agreements with a housing authority, which agreements may extend over any period, notwithstanding any provision or rule of law to the contrary, respecting action to be taken by such county or municipality pursuant to any of the powers granted by the Act;and (19) The power to make a request to the appropriate authority to close, vacate, plan, or replan streets,roads, sidewalks,ways,or other places and to plan or replan any part of the City or the County located within the Redevelopment Area;and (20) The power to provide funding to support the development and implementation of community policing innovations, subject to any budgetary limitations set forth in this Agreement; and (21) The right to exercise any other power that the Florida Legislature grants to community redevelopment agencies after the date of this Agreement, subject to approval of the exercise of such power by the City Commission, and if approved by the City Commission, subsequent approval by Miami-Dade County. 5 (22) Nothing in this Agreement is intended to prohibit the County and the City from exercising their sovereign powers as prescribed by law. B. The following powers may not be paid for or financed by increment revenues: (1) Construction or expansion of administrative building for public bodies or police and fire buildings, unless each taxing authority agrees to such method offinancing for the construction or expansion, or unless the construction or expansion is contemplated as part of a community policing innovation. (2) Installation,construction,reconstruction,repair or alteration of any publicly owned capital improvements or projects, if such projects or improvements were scheduled to be installed,constructed,reconstructed, repaired, or altered within three years of the approval of the Plan by the County Commission pursuant to a previously approved public capital improvement or project schedule or plan of Miami-Dade County as the governing body which approved the Plan,or the City,unless and until such projects or improvements have been removed from such schedule or plan of Miami-Dade County or the City and three years have elapsed since such removal or such projects or improvements were identified in such schedule or plan to be funded, in whole or in part, with funds on deposit within the community redevelopment tTrust Fund. (3) General government operating expenses unrelated to the planning and carrying out of the Plan. II. Miami-Dade County or Other Taxing Authority Representation Pursuant to section 163.357 of the Act, one member of the County Commission, or a County Commission designee, may be appointed to serve on the NBCRA's Board (in addition to the other members appointed to the NBCRA Board of Commissioners(the"NBCRA Board"or"Board"). Said County Commissioner,or designee,shall be vested with the same rights,duties and obligations as any other NBCRA Board member. Said membership on the NBCRA's Board shall be considered an additional duty of office as prescribed by section 163.357(1)(d) of the Act. Such appointment by the County Commission shall be immediate and will become part of the NBCRA's Board without requiring further action from the NBCRA. [Note to County: City requests that County please specify the County Commissioner/District to be appointed to the NBCRA] III. Implementation of the Plan A. The redevelopment powers listed in Section I herein may be exercised only with respect to the Redevelopment Area and only with respect to the Plan as approved by the County Commission, together with any supplements or amendments to the Plan, provided that any amendments and supplements to the Plan must also be approved by the County Commission. Notwithstanding anything in the Plan to the contrary, it is agreed that the Plan as approved by the County Commission pursuant to Resolution R- is approved and effective through 6 B. For purposes of this Interlocal Agreement, tax increment funds are such funds or revenues as defined by section 163.387(1)(a) of the Act. C. No more than twenty percent (20%) of the total tax increment funds deposited annually into the trust fund by the City and the County ("NBCRA TIF") shall be used for total administrative expenses allowable under section 163.387(6)(c) of the Act (including indirect and overhead expenses which may not exceed six percent(6%)ofthe total contemplated administrative expenses to be spent under the Plan). Administrative expenses include all compensation, including benefits, paid to or for the NBCRA's Executive Director and its employees. All expense items chargeable to the twenty(20%)administrative expense cap shall be shown as individual line items in the annual budget prepared by the NBCRA and submitted to the Board of County Commissioners with sufficient detail on individual salaries, etc. The twenty percent (20%) cap on administrative expenses shall be calculated based on the NBCRA TIF funding for that particular year and shall not include any carryover or other funding or revenue sources for this calculation. The County shall charge, and the NBCRA shall pay to the County, no later than March 31, an annual administrative fee("County Administrative Fee"). This County Administrative Fee shall be 1.5% of the County's payment to the NBCRA. The County Administrative Fee shall not be included in the (20%) limit on administrative expenses defined in this section. D. The City and the County hereby agree to contribute 60 percent (60%) of the tax increment funds derived from the Redevelopment Area on an annual basis. Such contribution levels comply with County Commission Ordinance No. [ ]. E. In each year in which the County and City shall make the tax increment fund contribution required by paragraph III D of this interlocal agreement,the NBCRA shall budget for expenditures funded by tax increment revenues shall be capped, so that an amount equal to the TIF revenues paid into the Trust Fund by the County and the City attributable to 10 percent (10%) of the incremental value in the Area, shall remain un-appropriated and un-expended, except for the purpose of funding projects associated with affordable and workforce housing and infrastructure improvements. F. The NBCRA shall ensure that the staffofthe NBCRA shall be racially and ethnically diverse, in accordance with applicable law. IV. City/County Coordination A. The County Mayor or the County Mayor's designee shall designate a Redevelopment Area Coordinator(the "Redevelopment Area Coordinator"). The Redevelopment Area Coordinator shall serve as the County's liaison to the NBCRA for the Redevelopment Area. The Redevelopment Area Coordinator shall carry out the day-to-day County responsibilities for the Redevelopment Area and shall be the designated person to receive all data and reports pertaining to the Plan. Additionally,the NBCRA shall provide prior notice for all NBCRA Board meetings to the Redevelopment Area Coordinator, and shall deliver copies of all NBCRA Board meeting agendas and agenda items to the Redevelopment Area Coordinator prior to each NBCRA Board meeting. Additionally, on a yearly basis the NBCRA shall transmit to the County a copy of the NBCRA's annual report and certified financial statements. 7 B. The NBCRA shall be responsible for implementing and conforming to the Plan, including developing and implementing proposals for indebtedness and bond financing which has received the prior approval of the City Commission and the County Commission, acquisition, disposition and relocation activities, coordination and implementation of the design and construction of public improvements necessary to support the redevelopment of the Redevelopment Area, and such other projects and activities as are contemplated by the Plan. The NBCRA shall deliver copies of all accepted proposals for the Redevelopment Area to the Redevelopment Area Coordinator. C. All proposals related to amendments to the Plan and proposals for indebtedness, loans or bond financing pledging tax increment revenues shall be subject to review and approval first by the City Commission and then by the County Commission. No such amended plan or indebtedness, loan or bond financing shall be considered approved until the NBCRA Board, the City Commission and the County Commission have taken official legislative action in accordance with the Act approving the plan or indebtedness. The Redevelopment Area Coordinator shall submit all proposals related to amendments to the Plan and proposals for indebtedness and bond financing to the County for review and recommendation and the Mayor or the Mayor's designee shall submit said recommendation to the County Commission for its final approval. The Redevelopment Area Coordinator shall review all proposals prior to review by the County Administration and the County Commission. D. After approval by the NBCRA's Board and the City Commission, and in accordance with state law,the annual budget and progress report shall be submitted to the County. Such budget shall be submitted by the NBCRA and the City to the County within 10 days after the adoption of such budget and NBCRA and the City shall submit amendments of its annual budget to the County within 10 days after the adoption date of the amended budget in accordance with section 163.387(6)of the Act. Such budget shall be submitted in a format approved by the County with sufficient detail including a description of any proposed project, grant, loan or any other program anticipated to be funded by the NBCRA in that fiscal year. Additionally,the budget shall include a section outlining the accomplishments of the prior fiscal year. The annual budget for the NBCRA shall be subject to review and approval by the County Commission. The annual budget shall be submitted to the County no later than October 15th of each fiscal year. With the exception of the debt service payment on current bond obligations financed by tax increment revenues(only if such obligations have been approved by the City Commission and County Commission), no funds on deposit in the fund may be expended by the NBCRA based on the new budget until the annual budget has been approved by the County Commission. However, as long as the NBCRA's annual budget which has been adopted and approved in compliance with the terms of this Interlocal Agreement is submitted to the County no later than October 15th, the NBCRA may continue to make expenditures provided they do not exceed the fund appropriation in the previous year's budget. However, if expected revenue decreases from the previous fiscal year, the prior year's budget appropriation shall be reduced accordingly for the purpose of limiting expenditures until the new annual budget is approved by the County. At the request of the County, the NBCRA shall submit additional progress reports on the Plan and Redevelopment Area activities. The annual budget must be accompanied by official legislation from the NBCRA and the City approving the budget and including a statement that all NBCRA expenses are in accordance with the approved Plan and State law.The City and the NBCRA shall transmit such legislation to the County. 8 E. The NBCRA shall not budget in any fiscal year more than ten percent(10%)of the value of the City and County tax increment payment for that year on capital maintenance activities or community policing, respectively. F. Should the NBCRA Board, the City Commission and the County Commission approve and/or adopt any amendments and modifications to the Plan, such amendments and modifications shall become a part of the Plan and the powers delegated to the NBCRA pursuant to this Agreement shall be exercisable with respect to such amendments and modifications. G. Beginning FY 2049-50, the County, NBCRA and City will negotiate an interlocal agreement to account for the sunset of the North Beach Community Redevelopment Agency and Area. Such agreement shall include but not limited to the methodology for disbursement of Trust Fund revenues remaining in the Trust Fund on the sunset date to the taxing authorities(County and City), the disposition of real and personal property purchased with NBCRA funds, and any other issues associated with the dissolution of the NBCRA. In FY 2049-50, the NBCRA will not fund any new projects, grants, initiatives, etc. in order to complete all previously funded projects, etc. to provide for the proper closeout of the NBCRA prior to the sunset. V. Land Disposition Any disposition of land by the NBCRA shall be accomplished in accordance with applicable provisions of federal, state and local laws, the Plan and this Agreement pursuant to the Act. The provisions of the City Charter and City Code regarding the sale or lease of City property, including, without limitation,the provisions of Section 1.03 of the City Charter, shall apply to the NBCRA in the same manner as such provisions apply to the City. VI. Project Financing A. The City, either directly or through the NBCRA, shall establish and maintain the Trust Fund, as required by applicable law. B. The City, either directly or through the NBCRA, shall develop and promulgate rules, regulations and criteria whereby the Trust Fund may be promptly and effectively administered, including the establishment and the maintenance of books and records and adoption of procedures whereby the NBCRA may expeditiously and without undue delay,utilize such funds in accordance with the County Commission approved budget for the NBCRA. C. The NBCRA, only if approved by the City Commission and the County Commission, may sell bonds and execute notes and other forms of indebtedness, as well as collateral documents, to finance capital improvements deemed necessary for the Redevelopment Area;however,the City Commission's and the County Commission's approval as to amount, duration,and purpose of such bonds,notes,or other indebtedness,and advances pledging or obligating tax increment revenues,must be obtained prior to issuance of any such bond,note, or other form of indebtedness and advances pledging or obligating tax increment revenues. Notwithstanding any provision of this Interlocal Agreement, the duration of such bonds, notes, or other indebtedness and advances pledging or obligating tax increment revenues which may be approved by the City Commission and the County Commission, shall not extend past the last day of the fiscal year of the NBCRA's legal existence. 9 The County's and the City's obligation to annually appropriate to the Fund shall continue until all properly approved loans, advances, and indebtedness, if any, and interest thereon, if any, of the NBCRA incurred as a result of redevelopment activities in the Redevelopment Area, have been paid, or for as long as required by applicable law, whichever is later. In no year shall the County's and the City's obligation to the Fund exceed the amount of that year's tax increment as determined pursuant to Ordinance No. . On the last day of the last fiscal year of the NBCRA, any money which remains in the Fund after payment of expenses pursuant to section 163.387(6) of the Act, for such year shall be: (1)returned to each taxing authority which paid the increment in the proportion that the amount of the payment of such taxing authority bears to the total amount paid into the Fund by all taxing authorities within the Redevelopment Area for the year;(2)used to reduce the amount of any indebtedness to which increment revenues are pledged; (3) deposited into an escrow account for the purpose of later reducing any indebtedness to which increment revenues are pledged; or (4) appropriated to a specific redevelopment project listed herein pursuant to the Plan.The funds appropriated for such project may not be changed unless the project is amended, redesigned, or delayed, in which case the funds must be re-appropriated pursuant to the next annual budget adopted by the NBCRA Board, subject to approval by the City Commission and the County Commission. VII. Community Benefits Agreements,Contracting and Procurement, A. Community Benefits Agreement. All entities or contractors contracting with or receiving grants, property, or other consideration from the NBCRA, for new commercial and/or residential developments to be constructed within the Redevelopment Area, in an amount of $200,000.00, or more, or such other amount as may be established by the County Commission, shall enter into a community benefits agreement with the NBCRA which will benefit primarily the residents of the Redevelopment Area. To the extent allowed by law, a community benefits agreement shall include provisions for hiring qualified labor workforce for the project financed by the grant or agreement from residents of the Redevelopment Area that are qualified but unemployed or underemployed. Depending on the worker or employee to be hired, the NBCRA will be required to ensure that such entity or contractor complies with wage requirements, as applicable, established by Miami-Dade County's Living Wage or Responsible Wage Ordinances, pursuant to Section 2-8.9 and 2-11.16, respectively, of the Code of Miami-Dade County, Florida (the"Code")or pay higher wages and benefits,as are feasible. B. Contract Requirements. All entities or contractors contracting with or receiving a grant, property, or other consideration from the NBCRA in an amount of$500,000.00 or more,or such other amount as may be established by the County Commission, shall comply with the following Miami-Dade County ordinances contained in the Code, as may be amended, as if expressly applicable to such entities: (1) Small Business Enterprises(Section 2-8.1.1.1.1 of the Code); (2) Community Business Enterprises(Section 2-10.4.01 of the Code); (3) Community Small Business Enterprises(Section 10-33.02 of the Code; (4) Conflict of Interest and Code of Ethics Ordinance(Section 2-11.1 of the Code); and/or (5) Living Wage Ordinance (6) Responsible Wage Ordinance(Section 2-1 1.16 of the Code) 10 C. Procurement. Pursuant to section 163.370(5)of the Act,the NBCRA shall procure all commodities and services pursuant to the same purchasing procedures and requirements that apply to the City, including provisions of the City Charter and any procurement ordinances, as modified to reflect that such requirements are applicable to the NBCRA. VIII. Recovery of Grant Funds A. The NBCRA shall include in their contracts or grant agreements a "clawback" provision that will require the NBCRA or the City to"claw back"or rescind and recover funding from any entity or contractor to which it provides funding which does not substantially comply with the provisions of its agreement.The clawback provision shall provide that the NBCRA shall demand repayment of such funds in writing, including recovery of penalties or liquidated damages, to the extent allowed by law, as well as attorney's fees and interest,and authorizing the collection of such funds, or legal action,to the fullest extent allowable by law, if feasible. IX. Required Reasonable Opportunity to Be Heard and Project Related Findings A. The NBCRA Board shall delegate authority to its Executive Director or his or her designee to oversee projects and shall set the amount of the Executive Director's or designee's authority. If the NBCRA proposes to fund a proposed new or rehabilitated commercial or residential project and such project amount is above the delegated person's authority for approval thus requiring approval of the NBCRA Board, a duly noticed public meeting must be held where the public has a reasonable opportunity to be heard, and a finding by the NBCRA Board must be made that: (I) The proposed project or program will primarily and substantially benefit residents or business owners within the Redevelopment Area for the purpose of raising the viability and strength within the NBCRAboundary. (2) The non-public entity or contractor requesting funding may,with approval of a funding agreement by the NBCRA Board, use the NBCRA's funds to fill in any financial gaps when all other funding has been identified for the project and that, but for the NBCRA's funding, the project cannot be undertaken. X. Safeguards for Residents from Displacement and Affordable Housing A. In the event the NBCRA funds a redevelopment project authorized by the Plan that may displace persons (including individuals, families, business concerns, nonprofit organizations and others) located in the Redevelopment Area, the NBCRA shall prepare plans for and assist in the relocation of such persons, including making any relocation payments under the Act and applicable laws and regulations.Further,the NBCRA shall make or provide for at least a"one-for- one"replacement of each affordable housing unit demolished pursuant to a redevelopment project to ensure that such demolished unit is replaced by a new comparable, affordable housing unit. However,the before-mentioned requirement shall not apply to substandard affordable housing that has been declared unsafe by a governmental entity and subsequently demolished. The NBCRA 11 shall ensure that individuals and families who are displaced from affordable housing units have a right of first refusal to return to comparably priced affordable housing units located within the Redevelopment Area. B. Subject to compliance with Paragraph (A) above, to the extent that the NBCRA's Redevelopment Plan has a housing component, the NBCRA shall serve an income mix of extremely low, very low, low, moderate, and workforce housing up to 140 percent of area median income,as may be defined by the U.S.Department of Housing and Urban Development.Developer incentives may be established by the County Commission that may assist in accomplishing these housing goals. If, however,this Board adopts guidelines for mixed income housing, such projects shall comply with the adopted guidelines. Further, the NBCRA shall ensure that prior to funding any non-housing project authorized by the Redevelopment Plan, priority shall be given to rehabilitation, conservation or redevelopment of housing for extremely low, very low, low or moderate income persons that is authorized by the Plan, subject to compliance with the applicable comprehensive development plan for the area. C. The NBCRA shall include a statement in its annual budget that describes its expenditures for the provision of affordable housing in the previous year and that are anticipated in upcoming fiscal years, if applicable. XI. Project Management.Administration, and Coordination A. The City/and or the NBCRA shall consider any reasonable request of the County with respect to implementing any plan of action related to the Plan. The City/and or the NBCRA shall develop implementation schedules and timetables for all significant Redevelopment Area activities as determined by the City/and or the NBCRA, copies of which shall be delivered to the Redevelopment Area Coordinator beginning one year from the implementation of this Agreement. The City/and or the NBCRA shall also deliver additional interim reports to the County upon request. (1) The Redevelopment Area Coordinator shall receive from the City/and or the NBCRA advance notice of all public meetings and materials related to development of projects pursuant to this Agreement and on a regular basis, information regarding the progress of all such development through the design and construction of such projects. (2) During construction, the County shall have the right to attend all such public meetings and inspect the projects being developed at all reasonable times subject to reasonable restrictions imposed by the contractor. (3) The City/and or the NBCRA shall consult regularly with the Redevelopment Area Coordinator in order to keep the County reasonably informed throughout the duration of the planning, design and construction of such redevelopment projects. The City/and or the NBCRA shall be required to have an outside independent audit on an annual basis to monitor and investigate compliance with the terms of this Agreement. The right of the auditor to investigate, monitor, inspect, copy,review, verify and check operations and records of the NBCRA shall include, but not be limited to, all of its employees, consultants, agents or authorized contractors and 12 subcontractors, as well as all administrative and operational facilities used by the NBCRA and the County in connection with all matters arising under this Agreement. Records include, but are not limited to, construction, financial, correspondence, instructions, memoranda, bids and contract documents, as well as all other records pertaining to the planning, development and construction of projects pursuant to this Agreement. Any rights that the County has under this provision shall not be the basis for any liability to accrue to the County from the NBCRA or third parties for such monitoring or investigation or for the failure to have conducted such monitoring or investigation. XII. jndemnificatioa To the extent permitted by law, the City and NBCRA shall indemnify and hold harmless the County and its officers, employees, agents, and instrumentalities from any and all liability, losses,or damages,including attorney's fees and costs of defense,which the County or its officers, employees, agents or instrumentalities may incur as a result of claims, demands, suits, causes of actions or proceedings of any kind or nature arising out of, relating to, or resulting from the performance of this Agreement by the City and NBCRA or its employees, agents, servants, partners principals or subcontractors.The NBCRA,on its behalf and on behalf ofthe City,shall pay all claims and losses in connection therewith and shall investigate and defend all claims, suits, or actions of any kind or nature in the name of the County, where applicable, including appellate proceedings,and shall pay all costs,judgments, and attorney's fees which may be issued thereon. In the absence of the NBCRA, the City shall be responsible for such expenditures, provided, however, this indemnification shall only be to the extent and within the limitations of section 768.28,Florida Statutes,as may be amended from time to time. Specifically,the City and NBCRA are entitled to the protections of sovereign immunity,and shall not be held liable to pay a personal injury or property damage claim or judgment by any one person which exceeds the statutory maximum,or any claim or judgment or portions thereof,which,when totaled with all other claims or judgment payable by the City or NBCRA arising out of the same incident or occurrence,exceed the statutory maximum from any and all personal injury or property damage claims, liabilities, losses or causes of action which may arise as a result of the negligence of the NBCRA or City. 13 XIII. Inspector General Review and Ethics Training A. The County shall have the right to retain, at its sole cost, the services of an independent private sector inspector general whenever the County deems it appropriate to do so, in accordance with Miami-Dade County Administrative Order No.3-20. Upon written notice from the County, the NBCRA shall make available to the independent private sector inspector general retained by the County all requested records and documentation for inspection and reproduction. Additionally, the NBCRA shall submit to the County's Inspector General's review in accordance with Section 2-1076 of the Code. The County's Inspector General shall be empowered to review the NBCRA's past, present and proposed contracts, transactions, accounts, records, agreements and programs and audit, investigate, monitor, oversee, inspect and review operations, activities, performance and procurement process, including but not limited to,project design, specifications, proposal submittals, activities of the NBCRA, its officers, agents and employees, lobbyists, staff and elected officials to ensure compliance with contract specifications and to detect any fraud and/or corruption. B. The NBCRA agrees to comply with Miami-Dade County's Conflict of Interest and Code of Ethics Ordinance (Section 2-11.1 of the Code). Additionally, upon their appointment or reappointment, all NBCRA Board members, all of the NBCRA's advisory board members, and the persons who staff the NBCRA Board or the NBCRA's advisory boards shall be required to complete ethics training to be conducted by the Miami-Dade Commission on Ethics and Public Trust, and comply with any other ethicstraining requirements in accordance with section 163.367 of the Act. C. The City shall have the right to utilize the services of the City's Inspector General, at its sole cost,whenever the City deems it appropriate to do so in accordance with Section 2-276, of the City's Code of Ordinances. Upon written notice from the City, the NBCRA shall make available to the City's Inspector General all requested records and documentation for inspection and reproduction.The City's Inspector General shall be empowered to review the NBCRA's past, present and proposed contracts, transactions, accounts, records, agreements and programs and audit, investigate, monitor, oversee, inspect and review operations, activities, performance and procurement process, including but not limited to, project design, specifications, proposal submittals,activities of the NBCRA,its officers,agents and employees,lobbyists,staff and elected officials to ensure compliance with contract specifications and to detect any fraud and/or corruption. XVI. Miscellaneous A. Third Party Beneficiaries. None of the parties intend to directly or substantially benefit any third party by this Agreement.Therefore,the parties agree that there are no third-party beneficiaries to this Agreement and that no third party shall be entitled to assert a claim against either of them based upon this Agreement. B. Construction of Agreement. All parties have substantially contributed to the drafting and negotiation of this Agreement and this Agreement shall not, solely as a matter of judicial construction, be construed more severely against one of the parties than any other. The parties hereto acknowledge that they have thoroughly read this Agreement, including all exhibits and attachments hereto,and have sought and received whatever competent advice and counsel was 14 necessary for them to form a full and complete understanding of all rights and obligations herein. C. Jurisdiction.This Agreement shall be interpreted and construed in accordance with and governed by the laws of the State of Florida. Venue for litigation concerning this Agreement shall be in Miami-Dade County, Florida. D. Severance. Should any clause or provision of this Agreement be determined to be illegal, invalid, or unenforceable under any present or future law by final judgment of a court of competent jurisdiction, the remainder of this Agreement will not be affected thereby. It is the intention of the parties that if any such provision is held to be illegal, invalid, or unenforceable, there will be added in lieu thereof a legal, valid, and enforceable provision that is as similar as possible in terms to the illegal invalid or unenforceable provision,which is agreed to by all parties. E. Waiver. No consent or waiver by a party to, or of, any breach, or default, by the other party in the performance by such other party of its obligations under this Agreement will be deemed or construed to be a consent or waiver to, or of, any other breach or default in the performance by such other party ofthe same or any other obligations of such other party hereunder. No action or inaction shall be construed as a consent or waiver and all consents and waivers must be in writing signed by the party against whom enforcement of the consent or waiver is sought. Failure by a party to complain of any act, or inaction, of the other party or to declare the other party in default, irrespective of how long such failure continues, will not constitute a waiver by such party of it rights hereunder. The giving of consent by a party in any one instance will not limit or waive the necessity to obtain such party's consent in any future instance. F. This Agreement may be amended only by the written agreement signed by the NBCRA,the City, and the County. G. This Agreement, or any part thereof, is not assignable by the NBCRA without the express written consent of the County. H. The recitals in this Agreement are incorporated in the Agreement. [SIGNATURES APPEAR ON THE FOLLOWING PAGE] 15 IN WITNESS WHEREOF,the parties hereto caused this Agreement to be executed in their names by their duly authorized officers and the corporate seals to be affixed hereto, all as of the day and year first above written. CITY OF MIAMI BEACH MIAMI-DADE COUNTY By: By: Dan Gelber Mayor Mayor ATTEST ATTEST By: By: City Clerk Deputy Clerk Approved for form and legal sufficiency Approved for form and legal sufficiency By: By: City Attorney Assistant County Attorney CITY OF MIAMI BEACH NORTH BEACH COMMUNITY REDEVELOPMENT AGENCY By: Chairperson 16 By: Executive Director ATTEST: By: Secretary Approved for form and legal sufficiency By: NBCRA General Counsel 17