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<br />OR BK 21964 PG 4884 <br />LAST PAGE <br /> <br />CITY OF SUNNY ISLES BEACH <br />TRANSFER DEVELOPMENT RIGHTS BANK <br /> <br />Development riahts for City own property <br /> <br />Site <br /> <br />Transferable <br />square footage <br /> <br />Transferable <br />density <br /> <br />1, Golden Shores Park <br />2, Active Park <br />3, Gwen Margolis Park <br />4, Gilbert Samson Oceanfront Park <br /> <br />11,512 square feet <br />166,240 square feet <br />248,292 square feet <br />162,914 square feet <br /> <br />2 units <br />100 units <br />143 units <br />94 units <br /> <br />Total development rights in bank <br /> <br />588,958 square feet <br /> <br />339 units <br /> <br />. <br /> <br />Transferable Development Riaht Balance <br /> <br />Development <br /> <br />TOR <br />Balance <br />Sq.ft Units <br />588,958 339 <br /> <br />TOR <br />Value <br /> <br />1. Fortune Beach LLC 17001 Collins Ave <br />TOR square feet approved 124,991 <br />TOR units approved 57 <br /> <br />TOR square foot and units deducted <br />Total TOR cost <br /> <br />124,991 <br /> <br />72 <br /> <br />Subtotal <br /> <br />463,967 <br /> <br />267 <br /> <br />$7,558,863 <br />$7,558,863 <br /> <br />EXHIBIT 'A' <br />