Reso 2005-757 - Laserfiche WebLink

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.., /'- ( NOW THEREFORE, BE IT RESOLVED BY THE CITY COMMISSION OF THE CITY OF SUNNY ISLES BEACH, FLORIDA, AS FOLLOWS: II. PRELIMINARY APPROVALS. The Applicant's request to accept this site as a receiver site for the Transfer of Development Rights from a City owned sendor site, Site Plan Approval is hereby approved as follow: 1. Pursuant to Section 515 of the City of Sunny Isles Beach Land Development Regulations, the applicant is requesting to transfer 3S,S47 square feet of development rights from the City. This approval is subject to a hearing in which the City Commission will consider the application for transfer of development rights. This approval is also subject to the acceptance of an appraisal amount on a square footage basis that will be determined by an MAl appraisal acceptable to the City Manager, taking into account the new zoning approval in accordance with this resolution, and further procedures being developed to effectuate this program, notwithstanding the fact that such procedures may be fonnally adopted subsequent to this particular approval. Upon approval of the application for transfer of development rights, the development approval shall become final. If the application for development rights is denied by the City Commission, this approval shall not become final. ~. 2. Pursuant to Section 50S of the City of Sunny Isles Beach Land Development Regulations the applicant is requesting a site approval for a 42 story, 4O-unit condominium. The approval and all conditions listed below are transferable to applicant's successor, buyers or assignee and subject to the conditions set forth below being performed to the satisfaction of the City and subject to all procedures to be adopted relating to that transfer. In CONDmONS A. Conditions to be comoleted before buildin2 oermits are issued or anv construction commenced ( 1. Assuming approval at the hearing set forth in Section IT above, an up to date appraisal of the property (current to within 60 days) be approved by the City. The City Manager shall agree on the transfer of development rights ("TORs"). value before issuance of any building pennits (demolition, sales trailer pennit does not constitute a building pennit). The applicant shall pay the amount detennined by the City bac;ed on thp. Rpptaisal for tbe transfer of thirty-eight thousand eight hundred forty-seven square feet (3S,S47sq.ft.) of development rights from the City (a Sender Site) to the subject property described hereinabove (Receiver Site) as approved by the City Commission in this Resolution. The Applicant shall submit any and all other documentation and payments required by the City to effectuate the transfer of development rights and further procedures being 03.2-75 La MansioD.llC Reso 1L VI ed Rev.HOIjb 719/03 2