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�,s' <Fs� City of Sunny Isles Beach <br /> O A 18070 Collins Avenue <br /> Sunny Isles Beach, Florida 33160 <br /> p,,�.} (305)947-0606 City Hall <br /> �).of sV' °'`1 (305)949-3113 Fax <br /> MEMORANDUM <br /> TO: The Honorable Mayor and City Commission <br /> VIA: Christopher J. Russo, City Manager <br /> FROM: Claudia Hasbun, Planning and Zoning Director <br /> DATE: 7/18/2019 <br /> Transfer Development Rights for the Mansions at <br /> RE: Acqualina Balcony Enclosure in Unit#2602 <br /> 17749 Collins Avenue Unit#2602 <br /> Appl. No. PZ2019-02 <br /> C <br /> RECOMMENDATION: <br /> Staff has no objection to the TDRs assignment provided that all <br /> conditions for the site plan modification are satisfied. <br /> REASONS: <br /> The Applicant is requesting to approve the assignment and purchase of <br /> Transfer Development Rights (TDRs) in the amount of 229 square feet <br /> of development rights and 0 dwelling units with an adjustment from the <br /> City TDRs bank in the amount of 229 square feet and 0 dwelling units. <br /> The City shall either consider the acceptance of the appraised land <br /> value of $110.00 per square feet of FAR reflected in the 2019 <br /> appraisal, for a total of $25,190.00 for the TDR's purchase or the <br /> acceptance of the appraised land value of $125.00 per square feet of <br /> FAR reflected in the 2017 appraisal, for a total of $28,625.00 for the <br /> TDR's purchase. <br /> The Applicant shall provide the City with a non-refundable deposit in the <br /> amount of ten percent (10%) of the approved purchased price. The <br /> deposit is required within the three (3) working days of approval of the <br /> 188 <br />