Reso 2011-1808 - Laserfiche WebLink

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WHEREAS, the property receiving the TDRS is described as follows: Parcel 1. All of Tract "L" less the south 200 feet thereof and less the north 100 feet thereof, of AMENDED Plat of North Biscayne Beach, PB 44 Page 42. 2.21 acres (96,162 sq ft) WHEREAS, the City Commission agrees to authorize the transfer of the TDRs contemplated herein in accordance with its transfer of development rights ordinance. NOW THEREFORE, BE IT RESOLVED BY THE CITY COMMISSION OF THE CITY OF SUNNY ISLES BEACH, FLORIDA, AS FOLLOWS: Section 1. Incorporation of Recitals. The foregoing recitals are true and correct and are incorporated herein by reference as if they are fully set forth herein. Section 2. Authorizing the Transfer of Development Rights. Pursuant to Section 265 -23 of the City Code and in accordance with Zoning Resolution No. I l -Z- I;z the City Commission hereby authorizes the transfer of the development rights in the amount of 34,485 square feet of floor area and 19 dwelling units to Gilco Realty, LC. a/k/a 18555 Developers, LLC from the TDR sub - account of Fort Apache Marina, LLC. Section 3. Directive to Zoning Administrator. The Zoning Administrator or designee is hereby directed to transfer the development rights from TDR Bank to Gilco Realty, LC. a/k/a 18555 Developers, LLC, in accordance with Zoning Resolution No. Il Z-IZ3. Section 4. Consent to Transfer from Sub -Bank Accounts. The consent to transfer TDRs from the account owned by Fort Apache Marina, LLC in the Porto Bellagio Sub Bank reflected in the Assignment of Development Rights. Section 5. Authority of the City Manager. The City Manager is hereby authorized to do all things necessary to effectuate this Resolution. Section 6. Effective Date. This Resolution shall become effective upon adoption. PASSED AND ADOPTED this 17 day of November, 2011. No/man S. Edelcup, Mayor ATTEST: � 4 a4�� Jane A. Hines, City Clerk Gilco Realty, LC TDR Bank Page 2 of 3