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<br />RESOLUTION NO. O~-Z-~ <br /> <br />A RESOLUTION OF THE CITY COMMISSION OF THE CITY OF <br />SUNNY ISLES BEACH, FLORIDA, ("CITY") APPROVING THE <br />ZONING APPLICATION SUBMITTED BY RESIDENCES AT OCEAN <br />GRANDE, INC. AND ROYAL DEVELOPMENT HOLDINGS, LLC., (THE <br />"APPLICANT"), (Z2003-10) FOR TRANSFER OF DEVELOPMENT <br />RIGHTS ("TDRs"), IN THE AMOUNT OF 54 DWELLING UNITS AND <br />92,103 SQUARE FEET OF FLOOR AREA, PURSUANT TO SECTION <br />265-23 OF THE CITY'S LAND DEVELOPMENT REGULATIONS <br />(LDR's), AND SITE PLAN APPROVAL, PURSUANT TO SECTION 265-18 <br />OF THE LDR's, AND THE UTILIZATION OF 1.50 BONUSES OF FLOOR <br />AREA RATIO (FAR) TO PERMIT THE DEVELOPMENT OF "THE <br />ROYALE", A 45 STORY, 391 UNIT CONDOMINIUM PROJECT, ON <br />THE PROPERTY LOCATED AT 18101-18225 COLLINS A VENUE, <br />SUBJECT TO CERTAIN CONDITIONS; AND PROVIDING FOR AN <br />EFFECTIVE DATE. <br /> <br />I. RECITALS. <br /> <br />WHEREAS, on June 20, 2003, RESIDENCES AT OCEAN GRANDE, INC. AND <br />ROYAL DEVELOPMENT HOLDINGS, LLC., (the "Applicant") submitted an application to <br />the City of Sunny Isles Beach, Florida ("the Application") (Z2003-10), requesting the following: <br /> <br />1 Pursuant to Section 265-23 of the City of Sunny Isles Beach Land Development <br />Regulations, the Applicant is requesting a transfer of 92,103 square feet of development <br />rights and 54 dwelling units from the City TDR Bank to the Project. <br /> <br />2 Pursuant to Section 265-18, of the City of Sunny Isles Beach Land Development <br />Regulations, the Applicant is requesting site plan approval for a 45 story 391-unit <br />condominium project named ''The Royale" (the "Project"). <br /> <br />LEGAL: <br /> <br />Site 1 <br /> <br />A portion of Tract "P" of NORTH BISCA YNE BEACH, according to the Plat <br />thereof, as recorded in Plat Book 44, at Page 42, of the Public Records of Miami- <br />Dade County, Florida, described as follows: <br /> <br />Begin at the Southwest corner of said Tract "P"; thence North 30 04' 26" East, <br />along the East right-of-way line of Collins A venue a distance of 291.00 feet; <br /> <br />Thence South 860 57' 15" East, a distance of 503.68 feet to a point on the erosion <br />control line; <br /> <br />Thence South 60 01' 12" West; a distance of 239.00 feet; <br /> <br />Royale Final Resolution <br /> <br />1 <br />