Reso 2015-2408 - Laserfiche WebLink

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WHEREAS, the City Commission agrees to authorize the donation of the TDRs contemplated herein as an incentive for development pursuant to its Charter and Home Rule Authority. NOW THEREFORE, BE IT RESOLVED BY THE CITY COMMISSION 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 Donation of TDRs and Approving Assignment Agreement. As consideration for the purchase of the "Alamo" property located at 18080 Collins Avenue, Sunny Isles Beach, Florida,the City Commission hereby approves a donation of Transfer of Development Rights("TDRs") in the amount of Fifty Three Thousand Seven Hundred Fifty(53,750) square feet of floor area and Twenty Five (25) dwelling units into a Private TDR Bank account designated for Dezer Universal, LLC. The donation of the TDRs is conditional on the transfer of legal title for the land located at 18080 Collins Avenue, Sunny Isles Beach, Florida. The City Commission further approves assignment and hold harmless agreements between Dezer Universal, LLC and RDR Seashore, LLC. Section 3. Authorizing the Withdrawal and Assignment of TDRs. The City Commission hereby authorizes the Zoning Administrator to withdraw 38,589 square feet of floor area and 18 dwelling units from the Private TDR bank account designated to Dezer Universal, LLC and to assign 38,589 square feet of floor area and 18 dwelling units to the development project for the property located at 18975 Collins Avenue approved under Zoning Resolution No. 1S-7-152,. If the development project is not approved,the Zoning Administrator is not required to withdraw and assign the aforementioned TDRs to the development project. Section 4. Directive to Zoning Administrator. The Zoning Administrator or their designee is hereby directed to adjust the Private TDR Bank account designated for Dezer Universal, LLC to reflect the withdrawal of TDRs in the amount of 38,589 square feet of floor area and 18 dwelling units from the Private TDR bank account according to the Zoning Resolution No. i5- . c R,and to reflect the remaining balance of 15,161 square feet of floor area and 7 dwelling units in favor of the Private TDR Bank account designated for Dezer Universal, LLC. Section 5. Authority of the City Manager and City Attorney. The City Manager and City Attorney are hereby authorized to do all things necessary to effectuate this Resolution. Section 6. Effective Date. This Resolution shall become effective 'son adoption. PASSED AND ADOPTED this 16th day of April, 201.. Geor:e H. Scholl, Mayor RDR Seashore LLC 1 DR Bank-Alamo 4/8/2015 9:08 AM Page 2 of 3