14429 : AN ORDINANCE OF THE MIAMI CITY COMMISSION AMENDING CHAPTER 62/ARTICLE XIV OF THE CODE OF THE CITY OF MIAMI, FLORIDA, AS AMENDED (“CITY CODE”), TITLED "PLANNING AND ZONING/PUBLIC BENEFITS TRUST FUND," MORE PARTICULARLY BY AMENDING SECTION 62-642 OF THE CITY CODE, TITLED "ESTABLISHED," TO INCLUDE AN ADMINISTRATIVE COST, CONTAINING A SEVERABILITY CLAUSE; AND PROVIDING FOR AN EFFECTIVE DATE.

Summary

This ordinance amends Chapter 62, Article XIV of the City Code, specifically Section 62-642, to establish an administrative cost for managing the Public Benefits Trust Fund. The Public Benefits Trust Fund collects cash contributions made under the Miami 21 Code to supplement affordable/workforce housing, public parks, open space, and green building certifications. Initially, the City's Planning Department recommended an administrative cost of fifteen percent (15%). However, the Planning, Zoning and Appeals Board (PZAB), by a vote of eight to zero, recommended approval with a modification to cap the administrative cost at ten percent (10%). This amendment is intended to support the management of the trust fund and aligns with goals HO-1 and PR-1 of the Miami Comprehensive Neighborhood Plan. The ordinance includes a severability clause and will become effective ten days after adoption.

Citizen Impact

This change will reduce the amount of funds available for affordable housing, parks, and green building initiatives by up to 10% of collected contributions, as a portion will now be allocated to administrative costs for managing the Public Benefits Trust Fund.

Confidence

high