IN RE:
An Ordinance of the Mayor and City Commission of the City of Miami Beach, Florida, amending the Land Development Regulations of the Code of the City of Miami Beach, by amending Chapter 142, "Zoning Districts and Regulations," Article II, "District Regulations," Division 18, "PS Performance Standard District," amending Section 142-696, "Residential Performance Standard Area Requirements," by creating voluntary development incentives, including an increase to the maximum allowable Floor Area Ratio (“FAR”), not to exceed 0.75 Far, for the redevelopment of hotels in the R-PS4 zoning district into residential use, subject to the property owner first recording a covenant prohibiting short-term rentals on the property; and providing for codification, repealer, severability, and an effective date.
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