Reso 2014-2339 - Laserfiche WebLink

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WHEREAS, the City Commission wishes to approve the transfer of the TDRs contemplated herein in accordance with its TDRs ordinance. NOW THEREFORE, BE IT RESOLVED BY THE CITY CONEMISSION OF THE CITY OF SUNNY ISLES BEACH, FLORIDA, AS FOLLOWS: Section 1. Incorporation of Recitals. The foregoing recitals are true and correct and are incorporated herein by reference as if they are fully set forth herein. Section 2. Authorizing the Transfer of Development Rights. Pursuant to Section 265 -23 of the City Code and in accordance with Zoning Resolution \o4-Z_(0, the City Commission hereby authorizes the transfer of the development rights in the amount of Thirteen Thousand Seven Hundred Sixty Six (13,766) square feet of floor area and Zero (0) dwelling units to 17700 Collins Avenue Owner, LLC. from the City's TDR bank account. Section 3. Directive to Zoning Administrator. The Zoning Administrator or designee is hereby directed to transfer the development rights from the City's TDR Bank to 17700 Collins Avenue Owner, LLC. in accordance with Zoning Resolution No. (. Section 4. Authorizing the Adjustment and Modification of TDRs. The Zoning Administrator is hereby authorize to adjust by decreasing the City's TDR bank account by Thirteen Thousand Seven Hundred Sixty Six (13,766) square feet of floor area and Eight (3) dwelling [nits. Section 5. Payment Agreement for the Transfer of Development Rights. The Applicant shall provide the City with a non - refundable deposit in the amount Fifty Nine Thousand One Hundred Ninety Five Dollars (S59,195) which is 10% of the approved purchased price of Five Hundred Ninety One Thousand Nine Hundred Thirty Eight Dollars (S591,933) within three (3) working days of the approval of this Resolution. The remainder of the payment is due prior to issuance of the building permit for the site plan approved in accordance with Zoning Resolution No. (y -Z- g Section 6. Authoritv of the Citv Manager and Citv Attomev. The City Manager and City Attorney are hereby authorized to do all things necessary to effectuate this Resolution. Section 7. Effective Date. This Resolution shall become effective upon adoption PASSED AND ADOPTED this 20' day of November, 2014. 17700 Collins Avenue Owner, LLC - On. TDR Bank Page 2 of 3