Downtown development supplemental fee coefficients

Following shall be the coefficients by land use for each of the four components of the downtown development supplemental fee.

Table 1. Fee Coefficients (per gross square footage of floor area)

EXPAND Land Use Transportation Mitigation 4 DRI/Master Plan Recovery 5 DRI Administration 6 Total Fee Coefficient Office $0.4757 $0.156223 $0.07521 $0.7072 Retail/service $1.3784 $0.156223 $0.07521 $1.6098 Convention $0.3174 $0.156223 $0.07521 $0.5489 Institutional $0.5502 $0.156223 $0.07521 $0.7816 Wholesale/industrial $0.2580 $0.156223 $0.07521 $0.4894 Hotel 1 $0.3138 $0.156223 $0.07521 $0.5452 Residential 2 $0.1531 $0.156223 $0.07521 $0.3846 Recreation 3 $0.2733 $0.156223 $0.07521 $0.5047

Notes:

1  These fee coefficients for hotel use are based upon an assumed average of 700 SF per hotel room, and shall be adjusted for each development based upon a transportation mitigation fee of $219.65 per room.

2  These fee coefficients for residential use are based upon an assumed average of 1,000 SF per DU, and shall be adjusted for each development based upon a transportation mitigation fee of $153.15 per DU.

3  These fee coefficients for attractions/recreation use are based upon an assumed average of 20 SF per seat and shall be adjusted for each development based upon a transportation mitigation fee of $5.47 per seat.

4  Transportation mitigation. The Increment III development order requires an updated fee of $7,785,065.08 (in 2016 dollars) to mitigate the regional transportation impacts of total allowable development. This fee is derived from the following:

(a) Estimated improvements necessary to maintain the minimum level of service standard on regional roadways impacted by total allowable development (see Exhibit "C" of Ordinance No. 13704). The regional transportation mitigation fee of $6,005,829.00 (in 2016 dollars) is to be expended on transit projects as provided in Exhibit "C" of Ordinance No. 13704. This portion of the supplemental fee for transportation mitigation, known as the "Transit Commitment," may be modified depending on conditions that are stipulated in paragraph 14. a. of Ordinance No. 13704. In the event that this portion of the supplement fee is modified, the coefficients in Table 1 of Section 13-56 of the City Code will be modified commensurately.

(b) Contribution of $1,180,030.00 (in 2016 dollars) to the South Florida Regional Transportation Authority ("SFRTA") to be expended on the Tri-Rail Downtown Miami Link in accordance with the First Amendment to the Interlocal Agency Agreement approved pursuant to the Resolution No. R-16-0218 on May 12, 2016.

(c) Contribution of $374,206.08 to be expended on transportation improvements, including but not limited to pedestrian and alternative transportation mode improvements within the Downtown DRI study area, and the turn lanes described in condition 14c of the Downtown Development Order, at the city's discretion.

5  DRI/Master Plan Recovery. The total cost to the city for the Downtown Transportation Master Plan, the Increment III DDRI Applications, the Downtown Master Plan and related studies is estimated to be $4,628,129.00, which shall be distributed equally among all net new development on the basis of gross square footage of floor area. The total amount of new development is estimated to be 29,625,173 SF during the time that the Increment III development order is in effect.

6  Administration. The administrative cost to the city for enforcing the requirements of the Downtown Development Order is estimated to be $2,228,100.00 over nine years. These administrative costs shall be distributed equally among all net new development on the basis of gross square footage of floor area. The total amount of new development is estimated to be 29,625,173 SF during the time that the Increment III development order is in effect.

(Ord. No. 12678, § 2, 4-28-05; Ord. No. 13703, § 2, 10-26-17)