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Board creates Resilience Trust Fund and approves limited doubling of density in two resilience areas with discount for on‑site infrastructure
Summary
Planning staff won board approval to create a Resilience Trust Fund (chapter 62) and to amend Miami '21 to permit up to 100% additional residential density in specified coastal resilience fund areas (T4/T5/T6 transects) in exchange for contributions to the fund (initial contribution set at $45,000 per extra unit), with a 15% contribution discount
The Planning, Zoning and Appeals Board recommended adopting a new Resilience Trust Fund (chapter 62) and a related text amendment to Miami '21 that would allow qualifying properties in two designated coastal resilience fund areas to increase residential density by up to 100 percent in exchange for contributions to a new fund to pay for stormwater and coastal resilience infrastructure.
Staff presentation and purpose: Planning staff explained the fund’s intent is to capture developer contributions tied to a locally‑specified interpretation of the comprehensive plan’s future land use map so that those funds are targeted to stormwater, shoreline and other resilience capital improvements in high‑risk coastal planning zones. Chapter 62 would create geographically defined “resilience fund areas” (Exhibit A) and allow the Planning Director to post and adjust a…
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