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RESOLUTION NO. 2021- <br />A RESOLUTION OF THE CITY COMMISSION OF THE CITY OF SUNNY ISLES BEACH, <br />FLORIDA, APPROVING THE PURCHASE AND ASSIGNMENT OF TRANSFER OF <br />DEVELOPMENT RIGHTS ("TDRS") IN THE AMOUNT OF 343 SQUARE FEET OF <br />FLOOR AREA RATIO ("FAR") AND ZERO (0) DWELLING UNITS FROM THE CITY'S <br />PUBLIC TDR BANK ACCOUNT TO ELIAS SAAL AND DIANA GRIMBER; <br />AUTHORIZING THE DEVELOPMENT SERVICES DIRECTOR TO WITHDRAW 343 <br />SQUARE FEET OF FAR AND ZERO (0) DWELLING UNITS FROM CITY'S PUBLIC TDR <br />BANK ACCOUNT AND ASSIGNING THE 343 SQUARE FEET OF FAR TO THE <br />PROPERTY LOCATED AT 17875-17885 COLLINS AVENUE, UNIT 4806; <br />AUTHORIZING THE ADJUSTMENT AND MODIFICATION OF THE CITY'S TDR BANK <br />ACCOUNT; PROVIDING THE CITY MANAGER AND THE CITY ATTORNEY WITH <br />THE AUTHORITY TO DO ALL THINGS NECESSARY TO EFFECTUATE THIS <br />RESOLUTION; PROVIDING FOR AN EFFECTIVE DATE. <br />WHEREAS, by Zoning Resolution No. , adopted on , the City <br />Commission of the City of Sunny Isles Beach (the "City Commission") approved the Site Plan <br />Modification & Transfer of Development Rights ("TDRs") submitted by Elias Saal and Diana <br />Grimber ("Applicant") related to the property located at 17875-17885 Collins Avenue, Sunny Isles <br />Beach, Florida, for intensity increases of the overall Floor Area Ratio (FAR) square footage from <br />806,550 square feet of FAR to 806,893 square feet of FAR, an increase of 343 square feet of FAR, <br />as well as for the purchase and assignment of TDRs in the amount of 343 square feet of FAR and <br />zero (0) dwelling units; and <br />WHEREAS, the City Commission hereby agrees to approve the sale and assignment of <br />TDRs from the City's public TDR Bank account to the Applicant in the amount of 343 square feet <br />of FAR and zero (0) dwelling units; and <br />WHEREAS, solely the TDRs in the amount of 343 square feet of FAR are being utilized and <br />assigned to the project that is the subject of the Site Plan Modification application for the <br />development project located at 17875-17885 Collins Avenue, Unit 4806, Sunny Isles Beach; and <br />WHEREAS, the City's public TDR Bank account will be adjusted to reflect the withdrawal <br />of 343 square feet of FAR and zero (0) dwelling units to the Applicant and to reflect the TDRs <br />assignment of solely the 343 square feet of FAR for the property located at 17875-17885 Collins <br />Avenue, Unit 4806, Sunny Isles Beach; and <br />WHEREAS, the property receiving the 343 square feet of FAR is described on Exhibit "A" <br />attached hereto; and <br />WHEREAS, the City Commission agrees to authorize the sale and the assignment of the <br />TDRs contemplated herein as an incentive for development pursuant to its Charter and Home <br />Rule Authority. <br />@BCL@OOOD3875.docx Page 1 of 3 <br />