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<br />Easement, Landscaping Streetscape Easement, and Oceanfront Park, in perpetuity, to a <br />standard reasonably acceptable to the City Manager. <br /> <br />7. That the applicant submit evidence of purchase of the required 108,474 square feet of <br />TDR's for the approval of the City administration, which shall then, in accordance with <br />Section 265-23.7.2, of the Code of the City of Sunny Isles Beach, advise the City <br />Commission that this condition has been met and which shall at the same time submit a <br />resolution for approval of a revised Bank Statement, adjusted to reflect the approved site <br />and the units of TDR's attributable to Ocean IV, which Bank Statement shall also reflect <br />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 $ 378,980 <br />c) Public Beach Rec. Enhancement 0.50 FAR $ 947,450 <br />d) Collins Ave Streetscape 0.30 FAR $ 568,470 <br />e) Sunny Isles Public Parking 0.20 FAR $ 378,980 <br />f) Public Ocean Park 0.20 FAR $ -0- <br /> <br />The total contribution for all Floor Area Ratio bonuses for the Project is $2,273,880 for a <br />total increase in floor area ratio of 1.5 for a maximum floor area ratio of 4.0. If <br />development is permitted in phases, the bonus contribution shall be pro rated for each <br />phase. <br /> <br />9. That the Applicant shall comply with all conditions and requirements of the Department <br />of Environmental Resource and Management (DERM), the Fire Department, Water and <br />Sewer Department, Department of Environmental Protection (DEP), and Florida <br />Department of Transportation (FOOT). <br /> <br />10 The Applicant will abide by all City and County ordinances relating to the hours of <br />operation for construction commencement and termination. The Applicant will use its <br />best efforts to minimize vibration and noise during the construction of the Project. <br /> <br />11. That all overhead utilities adjacent to the public right-of-way on the Project site shall be <br />placed underground in order to insure the public safety during an evacuation procedure <br />and to insure the ability of the City to restore public utility service subsequent to a storm <br />event. <br /> <br />12. That under grounding of utilities shall be accomplished as mandated by Section 250~09 <br />thru 250-16 of the Code of the City of Sunny Isles Beach and the City Streetscape Master <br />Plan. If not otherwise funded by the Collins A venue Streetscape contribution provided in <br /> <br />Ocean IV Final Resolution <br /> <br />4 <br />