11
Funding
The public art advisory board shall consider the following criteria in recommending approval or disapproval of a work of art :
Private Development
Applicable Projects
• All private non-residential development projects and all residential development projects with more than ten ( 10 ) units , including new construction , or the renovation or improvement of an existing building where fifty percent ( 50 %) or more of a building is being modified , renovated , expanded , rebuilt or improved by construction .
• The provisions of this section apply to new development or new construction within existing planned developments .
Requirements All applicable private development must choose one of the options below within ninety ( 90 ) days of the issuance of the first building permit or site work permit for a subdivision plat for any portion of the project in order to comply with the public art requirements
Option 1 : On-site Artwork .
• Requirement : The developer must either submit documentation of the escrow of funds for a work of art valued in an amount not less than one percent ( 1 %) of the total construction costs ( up to $ 100,000 ) and submit an application for approval of the work of art in compliance with this chapter .
• Encouragement of Local Artists : If a local artist ( from St . Lucie or one of the surrounding counties ) is commissioned , the developer is only required to spend ninety percent ( 90 %) of one percent ( 1 %) of the total construction costs .
Option 2 : Contribute to Fund .
• Encouragement of Contribution to Fund : In order to give the city opportunities to implement projects in public places , developers are encouraged to contribute eighty percent ( 80 %) of one percent ( 1 %) of the total construction costs for deposit to the art in public places funds .
• Requirement : The public art assessment must be paid in full prior to the issuance of a certificate of occupancy except for subdivision plats which are required to submit the public art assessment in full at the time of recording of the final plat .
Option 3 : On-site Artwork and Contribute to Fund .
• Submit documentation evidencing the escrow of funds for a work of art valued in an amount less than one percent ( 1 %) of the total construction costs and contribute eighty percent ( 80 %) of the balance of the public art assessment ( one percent ( 1 %) of the total construction costs ) for deposit in the art in public places fund .
* Note : The public art assessment for residential development projects will be calculated on a plat by plat basis . Total construction costs for purposes of calculating the public art assessment will be based on the total construction costs for all property depicted on each plat included within the residential development project . The public art assessment for any single project is capped at $ 100,000.00 .