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<br />- <br /> <br /> <br />City of Sunny Isles Beach <br />18070 Collins A venue <br />Sunny Isles Beach, Florida 33160 <br /> <br />(305) 947-0606 City Hall <br />(305) 949-3113 Fax <br /> <br />MEMORANDUM <br /> <br />TO: <br /> <br />The Honorable Mayor and City Commission <br /> <br />FROM: <br /> <br />Jorge L. Vera, Assistant City Manager <br /> <br />DATE: <br /> <br />3/18/2010 <br /> <br />RE: <br /> <br />Payment of Transfer of Development Rights Extension <br /> <br />RECOMMENDA TION: <br /> <br />This resolution is presented for your consideration and approval. <br /> <br />REASONS: <br /> <br />Pursuant to Resolution No. 2009-1398, adopted March 19,2009, any property owner of <br />privately owned development rights (ITDRs") acquired pursuant to Section 265-23 of the <br />Land Development regulations may request up to ten (10) years extension to utilize <br />development rights purchased by a private party upon an annual payment fee. <br /> <br />Urbis & Key International, LLLP. is requesting an extension of the TDRs in the amount <br />of 83,490 square feet of floor area and 46 units annually renewed for a period of up to 10 <br />years. The annual payment of $6,637 has been paid to preserve the development rights <br />for this year as stated above. This extension does not create any vested rights with <br />respect to the development rights. <br /> <br />ATTACHMENTS: <br />. Resolution <br />. Extension Request Letter <br /> <br />Agenda Item No.1 OH <br />Date 3/18/2010 <br />