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<br />RESOLUTION NO. 2008 - l.:t.:>.:;)... <br /> <br />A RESOLUTION OF THE CITY COMMISSION OF THE <br />CITY OF SUNNY ISLES BEACH, FLORIDA, APPROVING <br />THE RECOMMENDATION OF THE CITY MANAGER TO <br />IMPLEMENT A VOLUNTARY TIME EXTENSIONS <br />PROGRAM FOR DEVELOPMENT APPROVALS AND <br />TRANSFER OF DEVELOPMENT RIGHTS; PROVIDING <br />THE CITY MANAGER WITH THE AUTHORITY TO <br />ESTABLISH ADMINISTRATIVE REGULATIONS TO <br />IMPLEMENT THE EXTENSION REQUESTS; <br />AUTHORIZING THE CITY MANAGER TO DO ALL <br />THINGS NECESSARY TO EFFECTUATE THE TERMS OF <br />THIS RESOLUTION; PROVIDING FOR AN EFFECTIVE <br />DATE. <br /> <br />WHEREAS, its workshop of January 16, 2008, the City Commission discussed the City <br />Manager's proposal to implement a plan to govern voluntary time extensions for high-rise <br />condominium developments; and <br /> <br />WHEREAS, the proposed plan allows developers to extend site plan approval <br />timeframes by making partial payments on bonuses and transfer of development rights (TDRs); <br />and <br /> <br />WHEREAS, in particular, the proposed plan provides for first and second year <br />extensions and for the accumulation of interest on unpaid balances; and <br /> <br />WHEREAS, the City Commission wishes to provide the City Manager with the <br />authority necessary to establish administrative regulations to govern voluntary time extensions <br />for high-rise condominium developments; and <br /> <br />WHEREAS, this plan will be administered administratively, as the creation of an <br />Administrative Regulation makes it perfunctory in nature. <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. Approval of V oluntary Time Extensions Program. The City Commission hereby <br />approves the recommendation of the City Manager to implement a Voluntary Time Extensions <br />Program for Development Approvals and Transfer of Development Rights. <br /> <br />Section 2. Authorization of City Manager. The City Manager is hereby authorized to <br />establish Administrative Regulations to implement the Extension requests. <br /> <br />Section 3. Further Authorization of City Manager. The City Manager is further authorized to <br />do all things necessary to effectuate the terms of this Resolution. <br /> <br />R2008- Voluntary Time Extensions for High-Rise Policy <br /> <br />Page I of2 <br />