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<br />- <br />- <br />- <br />- <br /> <br />_ <I: <br />- Ci <br />- >-t <br />- " <br />iiiiiiii -;;; =: <br />-111 l..L. <br />-0. <br />=0-- ... <br />--. >- <br />_ l- <br />_-Qo. Z <br />_0-. =:. <br />iiiiiiii ~ 8 <br />:;;;.;::. <br />_ UJ <br />=' ~ <br />-....... Ci <br />--0 I <br />-......, 1--1 <br />iiiiiiii .;::. :E:: <br />_ <I: <br />-1ft >-t <br />-111 :E:: <br />iiiiiiii Ca- _ <br />-....... r-- l- <br />=0-.........0::: <br />--..oa.~ <br />-r.1.......0 <br />-("'4-<t-(.;. <br />- .. <br />-::':::'-TlJ... <br />0:........0 <br /> <br />Cl::li':':::'::: <br />0'='" <br />.:=-W <br />("'4 ("'4-' <br />0-. '- 0:..;. <br />!.0 r-- <br />0-........ . <br />...0.......2: <br />O~ O~ >-t <br />'-ll-I:::> <br />.i;-=:. <br />lJ~' Ci" <br />.=.UJ <br />1=' C:I >- <br />("'4" UJ <br />0:::>- <br />:z: (.;. " <br />l..L. UJ <I: <br />(.;1 0:: :::c <br /> <br />RESOLUTION NO. 2005- ~ ~3 <br /> <br />A RESOLUTION OF THE CITY COMMISSION OF THE CITY OF <br />SUNNY ISLES BEACH, FLORIDA, AUTHORIZING THE <br />TRANSFER OF DEVELOPMENT RIGHTS ("TDRS") IN THE <br />AMOUNT OF TWO HUNDRED THIRTY -SIX THOUSAND NINE <br />HUNDRED FORTY-FIVE (236,945) SQUARE FEET OF FLOOR <br />AREA AND NINETY -NINE (99) DWELLING UNITS TO TRG <br />SUNNY ISLES, LTD. FROM THE SUB-BANK ACCOUNTS <br />OWNED BY FORTUNE INTERNATIONAL, THE RELATED <br />GROUP, AND CITY PLAZA CORPORATION; DIRECTING THE <br />ZONING ADMINISTRATOR OR DESIGNEE TO TRANSFER <br />THE TDRS FROM THE SUB-BANK ACCOUNTS IN <br />ACCORDANCE WITH ZONING RESOLUTION 05-Z-94; <br />PROVIDING FOR CONSENT TO TRANSFER TDRS FROM SUB- <br />BANK ACCOUNTS; AUTHORIZING THE ADJUSTMENT OF <br />THE TDR BANK; PROVIDING THE CITY MANAGER WITH <br />THE AUTHORITY TO DO ALL THINGS NECESSARY TO <br />EFFECTUATE THIS RESOLUTION; PROVIDING FOR AN <br />EFFECTIVE DATE. <br /> <br />WHEREAS, by Zoning Resolution No. 05-Z-94, adopted July 14, 2005, the City <br />Commission approved the zoning application submitted by TRG Sunny Isles, LTD. (commonly <br />known as Trump Towers I, II, and III) for the transfer ofTDRs in the amount of 414,207 square <br />feet of floor area and 180 dwelling units; and <br /> <br />WHEREAS, by Resolution No. 2004-681, adopted June 3, 2004, the City Commission <br />designated the Casino Property as a sending site for purposes of transferring TDRs in the amount <br />of3.75 F.A.R. (566,737 square feet) and 80 dwelling units per acre (277 dwelling units); and <br /> <br />WHEREAS, by Resolution No. 2004-685, adopted July 8, 2004, the City Commission <br />provided the Zoning Administrator or designee with the authority to transfer TDRs from the <br />Casino Property to the TDR Bank for the purpose of transferring such rights to a receiving site; <br />and <br /> <br />WHEREAS, the Zoning Administrator divided the Casino's TDR Bank into sub- <br />accounts to reflect the purchase of TDRs by Fortune International, The Related Group, and City <br />Plaza Corporation; and <br /> <br />WHEREAS, the Casino Property Bank has the following sub-accounts: <br /> <br />1) Fortune International (alk/a Fortune Ocean, L.L.P.) @ 124,991 square feet <br />61 units <br />2) The Related Group @ 82, 792 square feet <br />3) City Plaza Corp @ 29, 162 square feet <br /> <br />20 units <br />18 units <br /> <br />and; <br /> <br />TRG Resolution Page 1 of 3 <br />