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Section 3. Directive to Zoning Administrator. The Zoning Administrator or designee is hereby <br /> directed to transfer the development rights from the City's TDR Bank to Alexey Knyshov in <br /> accordance with Zoning Resolution No.11•Z•404. <br /> Section 4. Authorizing the Adjustment and Modification of TDRs. The Zoning Administrator <br /> is hereby authorize to adjust by decreasing the City's TDR bank account by Two Hundred Twenty- <br /> Nine (229) square feet of floor area and Zero (0) dwelling units. <br /> Section 5. Authorizing Payment Agreement of the Transfer of Development Rights. The <br /> Applicant shall provide the City with a non-refundable deposit in the amount Two Thousand Eight <br /> Hundred Sixty-Two Dollars ($2,862.00) which is 10%of the approved purchased price of Twenty- <br /> Eight Thousand Six Hundred Twenty-Five Dollars ($28,625.00) within three (3) working days of <br /> the approval of this Resolution. The remainder of the payment is due prior to issuance of the <br /> building permit for the site plan approved in accordance with Zoning Resolution No. I'I •Z•I64 <br /> Section 6. Authority of the City Manager and City Attorney. The City Manager and City <br /> Attorney are hereby authorized to do all things necessary to effectuate this Resolution. <br /> Section 7. Effective Date. This Resolution shall become effective upon adoption. <br /> PASSED AND ADOPTED this 19th day of O• ober, 20 . <br /> George :ud" Scholl, Mayor <br /> AT ; DooT:i i <br /> ,10 1 ,►✓ • <br /> Mauricio Betancur, CMC, City Clerk <br /> APPR I VED AS TO FORM <br /> AN . I GI,,' <br /> 1 4 U FICIENCY: <br /> "an rite Attorney <br /> Moved by: V t CE- 012-- Cot-twit-pi <br /> �11 <br /> Seconded by: e0i1AMAISStor1El2 JEek J <br /> Vote: <br /> Mayor Scholl ' (Yes) (No). <br /> Vice Mayor Goldman (Yes) (No) <br /> Commissioner Aelion ✓ (Yes) (No) <br /> Commissioner Gatto (Yes) (No) <br /> Commissioner Svechin —7-(Yes) (No) <br /> R2017 Transfer of TDRs to Alexey Knyshov Page 2 of 2 <br />