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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 1. 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. Amending Resolution No. 2013-2052. The City Commission hereby rescinds the <br /> elimination of the conditional grant of TDRs in the amount of 15,000 square feet of floor area and <br /> 7 dwelling units and authorizes the reallocation of the conditional TDRs to the Porsche Design <br /> Project. <br /> Section 3. Payment for Conditional TDRs. Payment of the conditional TDRs must be provided to <br /> the City no later than issuance of the Certificate of Occupancy of the Porsche Design Project. If <br /> payment is not received, the use of the TDRs is forfeited. <br /> Section 4. Directive to Zoning Administrator. The City's Zoning Administrator or designee is <br /> hereby directed to adjust the TDR Bank Account to reflect the elimination of the conditional grant <br /> of the TDRs discussed herein. <br /> Section 5. Authority of the City Manager. The City Manager is hereby authorized to do all <br /> things necessary to effectuate this Resolution. <br /> Section 6. Effective Date. This Resolution shall become effectiv pon .•option. <br /> PASSED AND ADOPTED this 21 qday of December, 17. <br /> George Scholl, Mayor <br /> , <br /> • s'. <br /> •ATT ST ; <br /> , • T <br /> -L 1 , <br /> 1 t ,i <br /> \` �' 'a._ _ <br /> r62 . Mauricio .titan ur, City Clerk <br /> APPROVED ;S TO FORM <br /> AND L• L J�11 FICIENCY: <br /> I. •VA <br /> HIs/0 n•t, City Attorney <br /> Reallocation of the Grant of TDRs Porsche Design Page 2 of 3 <br />