Zoning Resolution 21-Z-182 - Laserfiche WebLink

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$17,035,200.00 The total contribution for all Floor Area Ratio bonuses for the development is $17,035,200.00 for a total increase of 2.1 FAR or 216,386.10 square feet of FAR and 70 dwelling units. The Applicant shall provide the City with a non-refundable deposit in the amount of ten percent (10%) of the approved purchased price of $17,035,200.00 for the FAR bonuses acquired from the City. The total amount of the deposit is $1,703,520.00. Failure to pay the required deposit within the three (3) working days of approval of the Application shall result in an automatic voiding of the City Commission site plan approval. The Applicant is proposing to enter into an installment payment plan in accordance with the City Code for the remaining balance (90%), if approved, this agreement shall be executed prior to below grade or master building permit of the project. 12. That the Applicant submit evidence of purchase of the required 114,471 square feet of FAR and 51 dwelling units of Transfer Development Rights (TDRs) purchased from the NDPRE # 14, LLC ("Navarro") Private Bank. The total contribution for these TDRs is $14,308,875.00. The Applicant shall provide the City with a non-refundable deposit in the amount of ten percent (10%) of the approved purchased price of $14,308,875.00 for the TDRs. The total amount of the deposit is $1,430,887.50. Failure to pay the required deposit within the three (3) working days of approval of the Application shall result in an automatic voiding of the City Commission site plan approval. The Applicant is required to pay the remaining balance of ninety percent (90%) in accordance with the Assignment and Hold Harmless Agreement. 13. That the Applicant shall submit evidence of purchase subject of the required 12,564.58 square feet of FAR and 12 dwelling units of Transfer Development Rights (TDRs) purchased from the City's Public TDR's Bank. That the Applicant provides the City with a non-refundable deposit in the amount of ten percent (10%) of the approved purchased price of $1,570,572.50 for the TDRs. The total amount of the deposit is $157,057.25. Failure to pay the required deposit within the three (3) working days of approval of the TDRs application and Application shall result in an automatic voiding of the City Commission approval of the Receiving Site, transfer of TDRs, and site plan approval. 14. That the Applicant shall assign to the Bentley Residences project, 15,161 square feet of FAR and 7 dwelling units from the private TDRs bank, Dezer Universal, LLC. 15. That the Applicant shall submit an updated Demolition and Construction Staging and Traffic Management Plan, to include the remaining 50 -foot -wide parcel (proposed Parcel 2) on the south side of the property, before commencing any construction activity. The staging plan shall provide a schedule of activities such as, parking arrangements, lane closures, sidewalk closures, any other required activity that may provoke an impact at the surrounding areas and a plan to implement perimeter scaffolding, catch platform system or construction safeguards, intended to prevent people, materials, debris, concrete spillage, dust, paint, construction material etc. ZR21 Bentley Site Plan Approval Page 7 of 12