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Section 2. Authorizing the Transfer of Development Rights. Pursuant to Section 265-23 of the <br /> City Code and in accordance with Zoning Resolution No. lloZ-ISithe City Commission hereby <br /> authorizes the transfer of the development rights in the amount of Three Hundred Sixty One (361) <br /> square feet of floor area and Zero (0) dwelling units to Ruslan Krivoruchko from the City's TDR <br /> bank account. <br /> Section 3. Directive to Zoning Administrator. The Zoning Administrator or designee is hereby <br /> directed to transfer the development rights from the City's TDR Bank to Ruslan Krivoruchko in <br /> accordance with Zoning Resolution No. l(,z-►S7 <br /> Section 4. Authorizing the Adjustment and Modification of TDRs. The Zoning Administrator <br /> is hereby authorize to adjust by decreasing the City's TDR bank account by Three Hundred Sixty <br /> One (361) square feet of floor area and Zero (0) dwelling units. <br /> Section 5. Authorizing Payment Agreement of the Transfer of Development Rights. The <br /> Applicant shall provide the City with a non-refundable deposit in the amount Four Thousand Five <br /> Hundred and Thirteen Dollars ($4,513.00) which is 10% of the approved purchased price of Forty <br /> Five Thousand One Hundred and Twenty Five Dollars ($45,125.00) within three (3)working days <br /> of the approval of this Resolution. The remainder of the payment is due prior to issuance of the <br /> building permit for the site plan approved in accordance with Zoning Resolution No. IL-7-1S9 <br /> Section 6. Authority of the City Manager and City Attorney. The City Manager and City <br /> Attorney are hereby authorized to do all things necessary to effectuate this Resolution. <br /> Section 7. Effective Date. This Resolution shall become effective upon adoption. <br /> PASSED AND ADOPTED this 15 day of September, 41P <br /> George ` :ud" Scholl, Mayor <br /> ,ATTEST: • -, <br /> Jane A. Hines, City,IClerk, MMC <br /> Rusland Krivoruchko a/k/a Mansion at Acqualina-City TDR Bank Page 2 of 3 <br />