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RESOLUTION NO. 2013- 2,0 13 CFN 201480080023 OR 8k 29013 Pss 1252 — 1254; (3aes) RECORDED 01/31/2014 14:30:32 HARVEY RUVINr CLERK OF COURT MIAMI —DADE COUNTY? FLORIDA A RESOLUTION OF THE CITY COMMISSION OF THE CITY OF SUNNY ISLES BEACH, FLORIDA, AUTHORIZING THE TRANSFER OF DEVELOPMENT RIGHTS ( "TDRS ") IN THE AMOUNT OF TWENTY TWO THOUSAND SEVEN HUNDRED SIXTY FOUR (22,764) SQUARE FEET OF FLOOR AREA AND ELEVEN UNITS (11) TO SUNNY ISLES BEACH ASSOCIATES, LLC (A/K/A JADE SIGNATURE) FOR THE PROPERTY LOCATED AT 16875 AND 16901 COLLINS AVENUE FROM THE PRIVATE TDR BANK ACCOUNT; APPROVING ASSIGNMENT AGREEMENT BETWEEN ABUS, LLC AND SUNNY ISLES BEACH ASSOCIATES, LLC DIRECTING THE ZONING ADMINISTRATOR OR DESIGNEE TO TRANSFER THE TDRS FROM THE PRIVATE BANK ACCOUNT IN ACCORDANCE WITH ZONING RESOLUTION 13 Z I� AUTHORIZING THE ADJUSTMENT AND MODIFICATION OF THE PRIVATE TDR BANK; PROVIDING THE CITY MANAGER WITH THE AUTHORITY TO DO ALL THINGS NECESSARY TO EFFECTUATE THIS RESOLUTION; PROVIDING FOR AN EFFECTIVE DATE. WHEREAS, by Zoning Resolution No. 13-2-1 adopted January 8, 2013 the City Commission approved the zoning application submitted by Sunny Isles Beach Associates, LLC ("Applicant') for the transfer of TDRS in the amount of 22,764 square feet of floor area and I 1 dwelline units: and WHEREAS, on November 2, 2012, Sunny Isles Beach Associates, LLC. entered into an agreement of assignment of TDRS with Abus, LLC, wherein Abus, LLC assigned and transferred 22.764 square feet of TDRs and 11 dwelling units to Sunny Isles Beach Associates, LLC. WHEREAS, the Private's TDR Bank accounts balance will be adjusted to reflect the utilization of TDRS to the Applicant and to reflect the reduction of Twenty Two Thousand Seven Hundred Sixty Four (22,764) square feet of floor area and Eleven (11) dwelling units: and WHEREAS, the propem, receiving the TDRS is described as follows: Location: 16875 & 16901 Collins Avenue Parcel 1. All that part of the North 100 feet of the South 300 feet of Lot 1, of TATUM'S OCEAN PARK SUBDIVISION, according to the plat thereof. as recorded in Plat Book 10 at Page 64 of the Public Records of Miami -Dade County, Florida, extending from the Erosion Control Line of the Atlantic Ocean, said line recorded in Plat Book 134 at Page 47 of the Public Records of Miami -Dade County, Florida to the East right of way of State Road A -1 -A (formerly State Road 140), as said road is shown on a Plat thereof, recorded in Plat Book 47 at Page 101, of the Public Records of Miami -Dade County, Florida. Parcel 2. All that part of the North 100 feet of the South 200 feet of Lot 1, of TATUM'S OCEAN PARK SUBDIVISION, according to the plat thereof, as recorded in Plat Book Jade Signature - Abus Pm-a[e TDR Bank Page t of 3 S