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<br />CITY OF SUNNY ISLES BEACH <br />TRANSFER OF DEVELOPMENT RIGHTS BANK <br /> <br />Development Rights for aty Own Transferable Transferable <br />Property Square Rights Density/Units <br />Site <br />1. Golden Shores Park 11,512 sq. ft. 2 units <br />2. Active Park 166,240 sq. ft. 100 units <br />3. Gwen Margolis Park 248,292 sq. ft. 143 units <br />4. Gilbert Samson Oceanfront Park 162,914 sq. ft. 94 units <br />Total development rights in bank 588,958 sq. ft. 339 units <br /> <br />Transferable Development Right Balance <br /> <br /> TDR Balance TDR Value <br />Development Square Feet. Units <br />1. Fortune Beach lie 17001 Collins Ave. 588,958 339 <br />IDR square feet approved 124,991 <br />IDR units approved 57 <br />IDR square foot and units deducted 124,991 72 <br />Total cost of IDR $7,558,863 <br />Resolution # 03-2-75 <br />Ordinance # 2003-187 <br /> Subtotal 463,967 267 $7,558,863 <br />2. King David 17555 Atlantic Boulevard <br />IDR square feet approved 18,000 <br />IDR units approved 18 <br />IDR square foot and units deducted 31,266 18 <br />Total cost of IDR $160,920 <br />Resolution # 03-2-73 <br />Ordinance # 2003-188 <br /> 432,701 249 $7,719,783 <br /> Subtotal <br /> <br />Exhibit 'N <br />