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CITY OF SUNNY ISLES BEACH
<br /> TRANSFER DEVELOPMENT RIGHTS BANK ACCOUNT
<br /> ACCOUNTS TDR FUNDS COLLECTED TDR FUNDS UNCOLLECTED
<br /> 1. Fortune Beach $7,558,863.00 $0.00
<br /> 2. S&G Miami Beach $160,920.00 $0.00
<br /> 3. Mandalay LLC $1,324,066.00 $0.00
<br /> 4. St.Tropez $2,184,711.00 $0.00
<br /> 5. Trg Sunny Isles $13,287,559.00 $0.00
<br /> 6. Mansiana/Solis $5,408,502.00 **** $0.00
<br /> 7. Da Vinci $395,917.00 * $0.00
<br /> 8. Regalia $4,119,249.25 ***** $0.00
<br /> 9. Ocean Palm $374,926.00 * $0.00
<br /> 10. Urbis&Key Int. $72,866.00 $0.00
<br /> 11. Sunny Isles Resort $681,016.00 * $0.00
<br /> 12. TRG Desert Inn Venture $1,282,655.00 $0.00
<br /> 13. St.Tropez II $116,261.00 *a $0.00
<br /> 14. LPLA Partner,LLP $1,625,000.00 $0.00
<br /> 15. 18555 Collins Dcv.,LLC $0.00 ****** $0.00
<br /> 16. Fort Apache $517,275.00 *** $0.00
<br /> 17. Abus,LLC (Mr.Grosskopf) $46,270.00 *** $0.00
<br /> 18. Abus,LLC (Mr.Grosskopf) $984,940.00 *** $500,000.00
<br /> 18. Town Center Development(St.Tropez) $189,630.00 *** $1,704,240.00
<br /> Uncollected
<br /> TOTALS: Collected Funds $40,330,626.25 Funds $2,204,240.00
<br /> * These developments paid 10%of non-refundable deposit,but development orders expired.
<br /> TDR'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
<br /> ***** of outstanding loan agreement.
<br /> ******TDRs were reverted to City TDR bank-TDRs were not used by developer.
<br /> Uncollected Funds Owed to the City for TDRs Sq.Ft. Units TDR Funds Uncollected
<br /> Transactions
<br /> 1. Abus,LLC(Mr.Grosskopf) 0 0 $500,000.00
<br /> 2. Town Center Development(St.Tropez) 94680 45 $1,704,240.00
<br /> *The City is collectiong a minimum 5%interest per
<br /> year. 94,680 45 $2,204,240.00
<br /> Total Credit to TDR Bank Total Uncollected Funds
<br /> Total TDRs Funds Collected $40,330,626.25
<br /> TDR Funds Uncollected $2,204,240.00
<br /> Total TDRs Funds $42,534,866.25
<br /> 3
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