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TRANSFER
<br />DEVELOPMENT RIGHTS BANK ACCOUNT
<br />Sq. Ft.
<br />ACCOUNTS
<br />TDR FUNDS COLLECTED
<br />TDR FUNDS UNCOLLECTED
<br />LPLA Partners, LP
<br />25,000
<br />9
<br />1.
<br />Fortune Beach
<br />$7,558,863.00
<br />$0.00
<br />2.
<br />S &G Miami Beach
<br />$160,920.00
<br />$0.00
<br />3.
<br />Mandalay LLC
<br />$1,324,066.00
<br />$0.00
<br />4.
<br />St. Tropez
<br />$2,184,711.00
<br />$0.00
<br />5.
<br />Trg Sunny Isles
<br />$13,287,559.00
<br />$0.00
<br />6.
<br />Mansiana /Solis
<br />$5,408,502.00 * * **
<br />$0.00
<br />7.
<br />Da Vinci
<br />$395,917.00 *
<br />$0.00
<br />8.
<br />Regalia
<br />$4,119,249.25 * * * **
<br />$0.00
<br />9.
<br />Ocean Palm
<br />$374,926.00 *
<br />$0.00
<br />10.
<br />Urbis & Key Int.
<br />$72,866.00
<br />$0.00
<br />11.
<br />Sunny Isles Resort
<br />$681,016.00 *
<br />$0.00
<br />12.
<br />TRG Desert Inn Venture
<br />$1,282,655.00
<br />$0.00
<br />13.
<br />St. Tropez II
<br />$116,261.00 **
<br />$0.00
<br />14.
<br />LPLA Partner, LLP
<br />$162,500.00
<br />$1,462,500.00
<br />15.
<br />18555 Collins Dev., LLC
<br />$0.00
<br />$975,000.00
<br />16.
<br />Fort Apache
<br />$517,275.00 * **
<br />$0.00
<br />17.
<br />Abus, LLC
<br />$46,270.00 * **
<br />$0.00
<br />18.
<br />Abus, LLC
<br />$484,940.00 * **
<br />$1,000,000.00
<br />TOTALS: Collected Funds
<br />1 $38,178,496.25
<br />Uncollected Funds
<br />$3,437,500.00
<br />* These developments paid 10% of non - refundable deposit, but development orders expired. TDB's were returned to the City.
<br />** This development received a credit of $841,580.00 from the City, as part of a real estate transaction.
<br />* ** Transfer fees collected by the City to release West side only condition.
<br />* * ** The purchase price of $5,156,017.00 was increased by an additional $252,485.00 of interest payments.
<br />* * * ** The purchase price of $4,500,206.00 was decreased by $380,957.00 due to settlement of outstanding loan agreement.
<br />Uncollected Funds Owed to the City for TDRs
<br />Transactions
<br />Sq. Ft.
<br />Units
<br />TDR Funds Uncollected
<br />1.
<br />LPLA Partners, LP
<br />25,000
<br />9
<br />$1,462,500.00
<br />2.
<br />Abus, LLC
<br />0
<br />0
<br />$1,000,000.00
<br />3.
<br />18555 Collins Dev., LLC
<br />15,000
<br />7
<br />$975,000.00 **
<br />* The City is collectiong a minimum 5% interest
<br />per year.
<br />* *TDRs are a contingency purchase that may
<br />40,000
<br />16
<br />$3,437,500.00
<br />Total Credit to TDR Bank
<br />Total Uncollected Funds
<br />revert back to the City.
<br />Total TDRs Funds Collected
<br />TDR Funds Uncollected
<br />$38,178,496.25
<br />$3,437,500.00
<br />Total TDRs Funds
<br />$41,615,996.25
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