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NOW THEREFORE, BE IT RESOLVED BY THE CITY COMMISSION OF THE <br />CITY OF SUNNY ISLES BEACH, FLORIDA, AS FOLLOWS: <br />Section I. Incorporation of Recitals. The foregoing recitals are true and correct and are <br />incorporated herein by reference as if they are fully set forth herein. <br />Section 2. Authorizing the Transfer of Development Rights. Pursuant to Section 265 -23 of <br />the City Code and in accordance with Zoning Resolution No. 12- 2.130 the City Commission <br />hereby authorizes the transfer of the development rights in the amount of 83,490 square feet of <br />floor area and 46 dwelling units to Urbis and Key International, LLLP from the private TDR sub - <br />account of Urbis and Key International, LLLP. <br />Section 1. Directive to Zoning Administrator. The Zoning Administrator or designee is <br />hereby directed to transfer the development rights from TDR Bank to Urbis and Key <br />International, LLLP, in accordance with Zoning Resolution No. 12--2.13 . <br />Section 4. Authority of the City Manage. The City Manager is hereby authorized to do all <br />things necessary to effectuate this Resolution. <br />Section 5. Effective Date. This Resolution shall become effective upon adoption. <br />PASSED AND ADOPTED this 20 day of Septerp3 gr, 294 2. <br />•'r ` t l- <br />'; <br />i <br />,Jane A. Hines. -City Clerk <br />AS TO FORM <br />Attorney <br />S. Edelcup, Mayor <br />Moved by: L <br />Seconded . ....,L �ti •. <br />Urbis & Key- International TDR Bank Page 2 of 3 <br />