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April 17, 2025 <br />PZ2025-06 <br />allowable FAR. The Applicant has agreed to pay the square foot value of One <br />Hundred and Twenty -Five Dollars ($125.00). <br />Thus, the total TDR purchase is Thirty-nine Thousand One Hundred Twenty -Five <br />Dollars ($39,125.00). Please refer to Condition No. 2 in Section VII. <br />The effect of the TDRs purchase and approval on the project would be an increase <br />in intensity (square footage). <br />VI. FINAL ANALYSIS <br />Based on the above review, the application is consistent with the City's Comprehensive <br />Plan and the City's Land Development Regulations. The site plan modification requests <br />an increase of 313 square feet of floor area for Unit 402, which increases the floor area <br />of the unit from 4,609 square feet to 4,922 square feet. The Applicant has not requested <br />any variances as part of this application. <br />Staff has compiled the relevant facts of the requested site plan modification and request <br />for TDR purchase and assignment and recommends the application be presented to City <br />Commission for consideration. <br />VII. CONDITIONS <br />If the City approves this application, the application will be subject to the following <br />conditions set forth in Section VII. <br />Conditions to be completed before demolition, below grade or building permits are <br />issued. <br />1. That the plans in the approval be substantially in accordance with that submitted for <br />public hearing, which are entitled "Interior Remodeling for Existing Residence," <br />prepared by Jose Ramos stamped received March 14, 2025, consisting of two sheets. <br />Plans are subject to revisions -based comments provided by zoning staff of the City of <br />Sunny Isles Beach. Plans are subject to modification. <br />2. If the accepted appraised value is at $125.00, the Applicant shall submit evidence of <br />purchase of the required 313 square feet of floor area and 0 dwelling units of Transfer <br />Development Rights (TDRs) subject to the Site Plan Approval. That the Applicant <br />provides the City with the total amount of the approved purchased price of $39,125.00 <br />for the TDR's purchased from the City's Public TDR Bank. Failure to pay the required <br />amount within the ten (10) working days of approval of the Transfer of Development <br />Rights (TDRs) application and site plan application shall result in an automatic voiding <br />of the City Commission approval of the Receiving Site, transfer of TDRs, and site plan <br />approval. <br />Page 6 of 9 <br />24 <br />