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<br />Section S. Consent to Transfer from Sub-Bank Accounts. The consent to transfer TDRs <br />from the sub-bank accounts owned by Porto Bellagio Tract "B" is reflected in the attached <br />letters. <br /> <br />Section 6. Adiustment to TDR Bank for the Porto Bellagio Property. The Zoning <br />Administrator is hereby instructed to make the necessary adjustments to the TDR sub-accounts <br />owned by Urbis and Key International, LLLP., by withdrawing 81,675 square feet and 45 <br />dwelling units, from, the TDR Bank commonly known as the Porto Bellagio Bank. The Zoning <br />Administrator is hereby instructed to make the necessary adjustments to the City's TDR Bank by <br />withdrawing 1,815 square feet and one (I) dwelling unit. <br /> <br />Section 7. Authority of the Citv Manager. The City Manager is hereby authorized to do <br />all things necessary to effectuate this Resolution. <br /> <br />Section 8. <br /> <br />Effective Date. <br /> <br />This Resolution shall become effective upon adoption. <br /> <br />PASSED AND ADOPTED this 19th day of October 2006 <br /> <br />\1 . <br /> <br /> <br />CITY OF SUNNY ISLES BEACH, FLORIDA <br /> <br />BY'"::;; <br /> <br /> <br />Norman S. Edelcup, Mayor <br /> <br /> <br />.:, <br />, ., <br /> <br />, . <br /> <br />c. : <br /> <br />[, <br />L, :'~, ',.> .-:... r"'\ <br /> <br />.::~~/~ ~ <br /> <br />'<:"Jane:A. Hin~s;:.CMC, City Clerk <br />" -";'.1 \'; ~. r J <br /> <br />APP n TO ORM <br />F. CIENCY: <br /> <br /> <br />VOTE: '5-D <br /> <br />Moved by: (\\~ -r-\#rl..~ <br />Second by: 6~ ::t.C;L~S;A5 <br /> <br />Mayor Norman Edelcup <br />Vice Mayor Brezin <br />Commissioner Goodman <br />Commissioner Iglesias <br />Commissioner Thaler <br /> <br />--0es <br />~es <br />~es <br /> <br />~es <br />~es <br /> <br />_no <br />_no <br />_no <br />no <br />_no <br /> <br />4 <br />