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January 15, 2026 <br />PZ2025-12 <br />V. ZONING REVIEW <br />The following is an analysis of the proposed site plan with the applicable site development <br />standards of the MU-R, "Mixed Use - Resort" zoning district, and other applicable Land <br />Development Regulations. <br />The plans reviewed are on file, and may be examined, in the City Clerk's Office and are <br />entitled "Mansions at Acqualina Residences — Unit #4301 ", prepared by Enpro Consulting <br />Engineers, stamped received October 3, 2025, consisting of twelve (12) sheets. <br />§265 35 Mixed Use -Resort (MU-R) <br />Sife:Deve, lopment Standards <br />Code Section Standard Re uired -Proposed <br />Maximum Floor Area 2.5 Base <br />Ratio (FAR) 4.6 with Bonuses 4.40 FAR (436,630 sq. ft.) <br />5.98 with Bonuses + TDRs <br />Maximum Dwelling Units 50 Base <br />per Acre 80 with Bonuses 35 DU/AC (79 total) <br />104 with Bonuses + TDRs <br />§265-23 Transfers of Development Rights <br />Pursuant to Resolution No. 11-Z-124 passed and adopted December 22, 2011, and later <br />modified through Resolution No. 12-Z-127 passed and adopted March 15, 2012, the <br />overall Mansions at Acqualina project utilized 431,305 square feet of Floor Area Ratio <br />(FAR). Throughout the years, several independent unit owners (Resolution No. 16-Z-159, <br />No. 17-Z-164, No. 19-Z-170, No. 19-Z-171, No. 21-Z-181, No. 21-Z-183, 21-Z-185, 22-Z- <br />190, 22-Z-191, 23-Z-195, 23-Z-196, 25-Z-214, 25-Z-217 and 25-Z-218) have gained <br />approval for balcony enclosures, through the City's TDRs program, increasing the overall <br />floor area of the project to 436,325 square feet. <br />Under this site plan modification, the Applicant is seeking to purchase and assign TDR's <br />in the amount of 305 square feet of FAR and zero (0) dwelling units. The assignment and <br />payment for the additional TDRs shall be as per Condition No. 2 stipulated in Section VII. <br />Price of TDRs <br />The appraisal report completed by Appraisal First Real Estate Appraisers, LLC, date <br />stamped September 5, 2025, reflects the square foot market value of the subject property <br />(17749 Collins Ave) as One Hundred Twenty-five Dollars ($125.00) per square foot. The <br />Applicant has agreed to pay the square foot value of One Hundred and Twenty -Five <br />Dollars ($125.00). Thus, the total TDR purchase is Thirty -Eight Thousand One Hundred <br />Twenty -Five Dollars ($38,125.00). Please refer to Condition No. 2 in Section VII. <br />Page 5 of 9 <br />15 <br />