Laserfiche WebLink
'F\ y <br />x QF Sts �{ h <br />TO: <br />VIA: <br />FROM: <br />DATE: <br />RE: <br />RECOMMENDATION: <br />City of Sunny Isles Beach <br />18070 Collins Avenue <br />Sunny Isles Beach, Florida 33160 <br />(305) 947-0606 City Hall <br />(305) 949-3113 Fax <br />MEMORANDUM <br />Honorable Mayor and City Commissioners <br />Stan Morris, City Manager <br />Amy Canales, Planning and Zoning Director <br />July 28, 2022 <br />Transfer Development of Rights for Balcony Enclosure at Mansions al <br />Acqualina, Unit 602 (Application No. PZ2022-06) <br />This application is consistent with the City's Comprehensive Plan and the City's Land Developmen <br />Regulations. Staff has reviewed the application requests and has no objection if all conditions are <br />accepted. <br />REASONS: t16' The Applicant is requesting approval for the purchase and assignment of TDRs in the amou31-- <br />square feet of FAR and 0 dwelling units from the City's public TDR bank account. The apprao <br />done by Appraisal First Real Estate Appraisers, LLC., date stamped June 3rd, 2022, reflects the square <br />foot market value of the subject property (17749 Collins Ave) as $125.00 of allowable FAR. ThE <br />Applicant has agreed to pay the square foot value of $125.00. Thus, the total TDR purchase i <br />$39,125.00. The required deposit of 10% is equal to $3,912.00 and is due three days after site plan <br />approval. The remaining fee is due prior building permit is issued. The effect of the TDRs purchase anc <br />approval on the project would be an increase in intensity (square footage). <br />ATTACHMENTS: <br />Resolution <br />Appraisal Report.pdf <br />TDR Application.pdf <br />W-0 <br />v4— <br />Item NumberK4A <br />