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BIE - R-PS4 HEIGHT INCENTIVE FOR CONVERSION FROM HOTEL TO RESIDENTIAL USE (8/14/2024)MIAMI BEACH City of Miami Beach,1700 Convention Center Drive,Miami Beach,Florida 33139,www.miamibeachfl.gov TO:Mayor Steven Meiner and Members of the City Commission FROM:Eric Carpenter,City Manager ~~ MEETING DATE:September 11,2024 SUBJECT:BUSINESS IMPACT ESTIMATE R-PSA HEIGHT INCENTIVE FOR CONVERSION FROM HOTEL TO RESIDENTIAL USE AN ORDINANCE OF THE MAYOR AND CITY COMMISSION OF THE CITY OF MIAMI BEACH, FLORIDA,AMENDING THE RESILIENCY CODE OF THE CITY OF MIAMI BEACH CHAPTER 7,"ZONING DISTRICTS AND REGULATIONS,"ARTICLE II,"DISTRICT REGULATIONS,"AT DIVISION 15,"PERFORMANCE STANDARD DISTRICT (PS),"SECTION 7.2.15.2, "RESIDENTIAL PERFORMANCE STANDARD DISTRICTS (R-PS),"TO PROVIDE HEIGHT INCENTIVES TO ENCOURAGE THE REDEVELOPMENT OF HOTELS INTO RESIDENTIAL STRUCTURES BY PROVIDING SUCH PROPERTIES WITH A HEIGHT BONUS IF NO SHORT- TERM RENTALS ARE PROVIDED FOR PROPERTIES ZONED R-PS4;AND PROVIDING FOR CODIFICATION,REPEALER,SEVERABILITY,AND AN EFFECTIVE DATE. Is a Business Impact Estimate Required? []Yes X No (lf no,please check one of the boxes below) If one or more boxes are checked below,this means the City of Miami Beach has determined that a Business Impact Estimate for the above-referenced Ordinance is not required by State law. □The proposed Ordinance is required for compliance with Federal or State law or regulation;□The proposed Ordinance relates to the issuance or refinancing of debt;□The proposed Ordinance relates to the adoption of budgets or budget amendments,including revenue sources necessary to fund the budget;□The proposed Ordinance is required to implement a contract or an agreement, including,but not limited to,any Federal,State,local,or private grant or other financial assistance accepted by the City;□The proposed Ordinance is an emergency ordinance;□The Ordinance relates to procurement;or IZI The proposed Ordinance is enacted to implement the following: a.Private applications for comprehensive plan amendments and land development regulation amendments; b.Development orders,development permits,and development agreements; c.Sections 190.005 and 190.046,Florida Statutes,regarding community development districts; d.Section 553.73,Florida Statutes,relating to the Florida Building Code;or Business Impact Estimate Page2 e.Section 633.202,Florida Statutes,relating to the Florida Fire Prevention Code. If none of the above exceptions apply,this Business Impact Estimate is hereby provided in accordance with Section 166.041 (4),Florida Statutes. 1 1.Summary Not Applicable. 2.An estimate of the direct economic impact of the proposed Ordinance on private,for- profit businesses in the City of Miami Beach,if any: (a)An estimate of direct compliance costs that businesses may reasonably incur; Not Applicable. (b)Any new charge or fee imposed by the proposed Ordinance or for which businesses will be financially responsible; Not Applicable. (c)An estimate of the City's regulatory costs,including estimated revenues from any new charges or fees to cover such costs. Not Applicable. 3.Good faith estimate of the number of businesses likely to be impacted by the proposed Ordinance: Not Applicable. 14.Additional comments: