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<br />";;<'"'~',-, <br /> <br />RESOLUTION NO. 2004-.kBS <br /> <br />A RESOLUTION OF THE CITY COMMISSION OF THE CITY OF SUNNY <br />ISLES BEACH, FLORIDA, AUTHORIZING THE TRANSFER OF <br />DEVELOPMENT RIGHTS ("TDRS") FROM 17200 COLLINS A VENUE <br />(THE "CASINO PROPERTY" ) IN THE AMOUNT OF 3.75 F.A.R. (566,737 <br />SQUARE FEET) AND 80 DWELLING UNITS PER ACRE (277 DWELLING <br />UNITS) TO THE TDR BANK TO COMPLY WITH THE REQUIREMENTS <br />OF RESOLUTION NO. 2004-681; DIRECTING THE PLANNING AND <br />ZONING ADMINISTRATOR OR DESIGNEE TO TRANSFER THE TDRS IN <br />ACCORDANCE WITH RESOLUTION NO. 2004-681; PROVIDING THE <br />CITY MANAGER WITH THE AUTHORITY TO DO ALL THINGS <br />NECESSARY TO EFFECTUATE THIS RESOLUTION; AND PROVIDING <br />FOR AN EFFECTIVE DATE. <br /> <br />WHEREAS, 17200 Collins A venue, Ltd. has conveyed approximately 3.46 acres of real <br />property located at 17200 Collins A venue (the "Casino Property"), Sunny Isles Beach, Florida to the <br />City, and <br /> <br />WHEREAS, the City has agreed to transfer in accordance with its Land Development <br />Regulations a certain amount of TDRs to the account established in the TDR Bank for 17200 Collins <br />Avenue, Ltd.; and <br /> <br />WHEREAS, the City Commission wishes to comply with the requirements of Resolution <br />No. 2004-681. <br /> <br />NOW THEREFORE, BE IT RESOLVED BY THE CITY COMMISSION OF THE <br />CITY OF SUNNY ISLES BEACH, FLORIDA, AS FOLLOWS: <br /> <br />Section 1. Authorizine the Transfer. The City Commission hereby authorizes the transfer of <br />the development rights from 17200 Collins A veIllle (the "Casino Property") in the amount of 3.75 <br />EA.R. (566,737 Square Feet) and 80 dwelling units per acre (277 Dwelling Units) to the TDR Bank <br />to comply with the requirements of Resolution No. 2004-681. <br /> <br />Section 2. Direction of the Plannine and Zonine Administrator. The Planning and Zoning <br />Administrator or designee is hereby directed to transfer the development rights from the Casino <br />Property to the TDR Bank. <br /> <br />Section 3. Authoritv of the City Manaeer. The City Manager is hereby authorized to do all <br />things necessary to effectuate this resolution. <br /> <br />Section 4. <br /> <br />Effective Date. This Resolution shall be effective upon adoption. <br /> <br />PASSED AND ADOPTED this ~ day of 0 ~ <br />\ <br /> <br />2004. <br /> <br />TDR Transfer - Casino Resolution <br /> <br />1 <br />