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BIE - RESIDENTIAL USE INCENTIVE - COMP PLAN (9/27/2024)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 -f,,...__M{_ MEETING DATE:October 30,2024 SUBJECT:BUSINESS IMPACT ESTIMATE RESIDENTIAL USE INCENTIVES --COMPREHENSIVE PLAN AMENDMENT AN ORDINANCE OF THE MAYOR AND CITY COMMISSION OF THE CITY OF MIAMI BEACH,FLORIDA,AMENDING THE CITY OF MIAMI BEACH YEAR 2040 COMPREHENSIVE PLAN,PURSUANT TO THE EXPEDITED STATE REVIEW PROCESS OF SECTION 163.3184(3),FLORIDA STATUTES,BY AMENDING THE "RESILIENT LAND USE &DEVELOPMENT ELEMENT,"GOAL RLU 1,ENTITLED "LAND USE,"OBJECTIVE RLU 1.1,ENTITLED "ESTABLISHMENT OF FUTURE LAND USE CATEGORIES"AT TABLE RLU 1.1TO PROVIDE CONSISTENCY WITH FLOOR AREA RATIO (F.A.R.)REGULATIONS;AT POLICY RLU 1.1.5,ENTITLED" LOW DENSITY MUL Tl FAMILY RESIDENTIAL (RM-1),"TO PROVIDE FAR INCENTIVES TO ENCOURAGE THE CONVERSION OF LEGALLY ESTABLISHED TRANSIENT USES TO RESIDENTIAL USES IN THE "WEST AVENUE BAYFRONT OVERLAY";BY AMENDING POLICY RLU 1.1.6 ENTITLED "MEDIUM DENSITY MUL Tl FAMILY RESIDENTIAL (RM-2),"TO PROVIDE FAR INCENTIVES TO ENCOURAGE THE DEVELOPMENT OF RESIDENTIAL USES AND THE CONVERSION OF EXISTING TRANSIENT USES TO RESIDENTIAL USES FOR PROPERTIES LOCATED IN THE "MID BEACH RESIDENTIAL USE INCENTIVE AREA,"AND TO PROVIDE FAR INCENTIVES TO ENCOURAGE THE CONVERSION OF LEGALLY ESTABLISHED TRANSIENT USES TO RESIDENTIAL USES IN THE "WEST AVENUE BAYFRONT OVERLAY";BY AMENDING POLICY RLU 1.1.7 ENTITLED "HIGH DENSITY MULTI FAMILY RESIDENTIAL (RM-3),"TO PROVIDE FAR INCENTIVES TO ENCOURAGE THE DEVELOPMENT OF RESIDENTIAL USES AND THE CONVERSION OF EXISTING TRANSIENT USES TO RESIDENTIAL USES FOR PROPERTIES LOCATED IN THE "MID BEACH RESIDENTIAL USE INCENTIVE AREA";BY AMENDING POLICY 1.1.25,ENTITLED "HIGH DENSITY RESIDENTIAL PERFORMANCE STANDARD (R-PS-4),"TO PROVIDE FAR INCENTIVES TO ENCOURAGE THE DEVELOPMENT OF RESIDENTIAL USES AND THE CONVERSION OF EXISTING TRANSIENT USES TO RESIDENTIAL USES;BY AMENDING OBJECTIVE 1.2,ENTITLED "LAND USE REGULATION,"TO ESTABLISH POLICY 1.2.8,ENTITLED "RESIDENTIAL USE INCENTIVES,"TO PROVIDE MINIMUM STANDARDS FOR OBTAINING THE FAR INCENTIVES SET FORTH IN THIS ORDINANCE;AND PROVIDING FOR CODIFICATION,REPEALER,SEVERABILITY,TRANSMITTAL AND AN EFFECTIVE DATE. Is a Business Impact Estimate Required?X Yes □No (If no,please check one of the boxes below) Business Impact Estimate Page 2 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□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 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.Summary A summary of the proposed Ordinance and its purpose is more fully set forth in the Commission Memorandum accompanying the Ordinance,as well as in the recitals to the Ordinance itself,which are attached hereto. 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; The proposed ordinance does not impose new requirements on existing businesses. (b)Any new charge or fee imposed by the proposed Ordinance or for which businesses will be financially responsible; The proposed ordinance does not impose new requirements on existing businesses. Business Impact Estimate Page 3 (c)An estimate of the City's regulatory costs,including estimated revenues from any new charges or fees to cover such costs. The proposed ordinance would generate no more than nominal additional regulatory costs,which may be associated with development review actions. 3.Good faith estimate of the number of businesses likely to be impacted by the proposed Ordinance: The proposed ordinance does not impose new requirements on existing businesses. 14.Additional comments: