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<br />(the "Oceanfront Park") and, if applicable, other amenities. The plot plan shall show the <br />type and size of plant materials, which shall be in compliance with the City's Streetscape <br />Master Plan. <br /> <br />5. That the Applicant submit a Declaration of Restrictive Covenants (the "Declaration") in <br />recordable form, in accordance with the provisions of Section 265-23.7.1(e) of the Code <br />of the City of Sunny Isles Beach, acceptable to the Planning and Zoning Administrator, <br />prior to submittal of an application for a building permit. The Declaration shall proffer <br />the Beach Access Easement, the landscaping Streetscape Easement, and the Oceanfront <br />Park, and easements over, across, under and through all of these easements, all of which <br />shall be fully accessible to the public and clearly designated, by means of signage <br />approved in writing by the City Manager or its designee, as amenities open to all <br />members of the public. The provision of twenty-four (24) hour valet parking services for <br />owners and their guests shall be included in such Declaration. <br /> <br />6. The Declaration shall specify that the proffered Beach Access Easement and the <br />Oceanfront Park, shall be fully landscaped and equipped with public amenities including, <br />but not limited to, benches and lighting (the "Public Amenities") and including a shower <br />at the beach end of the beach access. The Applicant shall maintain all of the easement <br />parcels, including but not limited to the Beach Access Easement, Landscaping <br />Streetscape Easement, and Oceanfront Park, in perpetuity, to a standard reasonably <br />acceptable to the City Manager. <br /> <br />7. That the applicant submit evidence of purchase of the required 126,737 square feet of <br />TDR's (50 Dwelling Units) for the approval of the City administration, which shall then, <br />in accordance with Section 265-23.7.2, of the Code of the City of Sunny Isles Beach, <br />advise the City Commission that this condition has been met and which shall at the same <br />time submit a resolution for approval of a revised Bank Statement, adjusted to reflect the <br />approved site and the units ofTDR's attributable to the SEA, which Bank Statement shall <br />also reflect all approved sites and the units of TDR' s attributable to each site. <br /> <br />8. That the Applicant shall present evidence of performance to the Planning and Zoning <br />Administrator of the obligations required to qualify for the following Floor Area Ratio <br />bonuses under Section 265-35(D)(9)[2](c) of the Code of the City of Sunny Isles Beach. <br />In the event Applicant has done so prior to issuance of building permit, the Applicant <br />shall acquire the following Floor Area Ratio Bonuses: <br /> <br />a) Beach Access Easement 0.10 FAR $ -0- <br />b) Beach Access Trust Fund 0.20 FAR $ 348,180 <br />c) Public Beach Rec. Enhancement 0.50 FAR $ 870,450 <br />d) Collins Ave Streetscape 0.30 FAR $ 522,270 <br />e) Sunny Isles Public Parking 0.20 FAR $ 348,180 <br />f) Public Ocean Park 0.20 FAR $ -0- <br /> <br />The total contribution for all Floor Area Ratio bonuses for the Project is $2,089,080 for a <br />total increase in floor area ratio of 1.5 for a maximum floor area ratio of 4.0. If <br /> <br />04-Z-85 SEA <br /> <br />4 <br />