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RESOLUTION NO. 21-Z- �0 <br />A RESOLUTION OF THE CITY COMMISSION OF THE CITY OF SUNNY <br />ISLES BEACH, FLORIDA, APPROVING A SITE PLAN MODIFICATION <br />APPLICATION (PZ2021-04) SUBMITTED BY A3 DEVELOPMENT, LLC, <br />FOR THE PROJECT ENTITLED "THE ESTATES AT ACQUALINA" TO <br />DECREASE THE DENSITY FROM 246 RESIDENTIAL UNITS TO 245 <br />RESIDENTIAL UNITS, TO REDUCE THE NUMBER OF REQUIRED <br />PARKING SPACES FROM 532 PARKING SPACES TO 530 PARKING <br />SPACES, AND TO INCREASE INTENSITY OF THE OVERALL FLOOR <br />AREA RATIO (FAR) SQUARE FOOTAGE FROM 1,179,384 SQUARE <br />FEET OF FAR TO 1,191,245 SQUARE FEET OF FAR; PROVIDING THE <br />CITY MANAGER WITH THE AUTHORITY TO DO ALL THINGS <br />NECESSARY TO EFFECTUATE THIS RESOLUTION; PROVIDING FOR <br />SEVERABILITY; PROVIDING FOR REPEALER; PROVIDING FOR AN <br />EFFECTIVE DATE. <br />WHEREAS, A3 Development, LLC (the "Applicant") is seeking approval to modify the <br />approved site plan pursuant to Resolution No. 14-Z-144 adopted on September 18, 2014 which <br />included two (2) residential towers with a parking garage, and a club house area, which was later <br />modified pursuant to Resolution No. 15-Z-153 adopted April 15, 2015, Resolution No. 18-Z-165 <br />adopted April 19, 2018, and Resolution No. 19-Z-173 adopted November 21, 2019 to include two <br />residential towers with a total of 246 dwelling units and with an overall Floor Area Ratio ("FAR") <br />of 1,179,384 square feet; and <br />WHEREAS, the Applicant is seeking approval of a site plan modification to decrease the <br />density by one (1) residential dwelling unit (decrease from 246 residential units to 245 residential <br />units, 153 units in the south tower and 92 in the north tower), to reduce the parking requirement <br />from 532 parking spaces to 530 required parking spaces, and to increase of the overall FAR from <br />1,179,384 square feet of FAR to 1,191,245 square feet of FAR through the City's Transfer <br />Development Rights ("TDRs") program (Application No. PZ2021-04); and <br />WHEREAS, via Resolution 2021- , the City Commission approved the Applicant's <br />purchase of TDRs in the amount of 11,861 square feet of FAR and 5 dwelling units from the <br />private TDR bank account of NDPRE #14, LLC, and further approved the assignment of solely <br />the 11,861 square feet of FAR to the property located at 17901 Collins Avenue in furtherance of <br />the requested site plan modification; and <br />WHEREAS, the Applicant's site plan modification application requests the following: <br />1. Pursuant to Sections §265-18 and §265-35 of the City of Sunny Isles Beach Land <br />Development Regulations, the Applicant is requesting a modification to an approved site <br />plan for a decrease in density from 246 residential units to 245 residential units. Due to the <br />reduction of one (1) unit, a request to reduce the number of required parking spaces from <br />532 parking spaces to 530 parking spaces. Additionally, an intensity increases of the overall <br />Floor Area Ratio (FAR) square footage from 1,179,384 square feet of FAR to 1,191,245 <br />square feet of FAR. <br />