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�S( City of Sunny Isles Beach Norman S. Edelcup, Mayor <br /> (zro-ANY <br /> \S„ 18070 Collins Avenue Isaac Aelion, Vice Mayor <br /> Sunny Isles Beach, Florida 33160 Jeanette Gatto, Commissioner <br /> 0 � • = Jennifer Levin, Commissioner <br /> * 305.947.0606 City Hall George "Bud" Scholl, Commissioner <br /> 305.949.3113 Fax <br /> P <br /> yF 99,*'F R�� �P Christopher J. Russo, City Manager <br /> rY F`� P�°5 Hans Ottinot, City Attorney <br /> OF SUN <br /> Jane A. Hines, MMC, City Clerk <br /> MEMORANDUM <br /> TO: The Honorable Mayor and City Commission <br /> VIA: Christopher J. Russo, City Manager <br /> FROM: Claudia Hasbun, Zoning Administrator/Planning Manager <br /> DATE: October 17, 2013 <br /> RE: City of Sunny Isles Beach Transfer of Development Bank Account <br /> Annual Update <br /> RECOMMENDATION: <br /> Staff recommends approval of the attached Resolution developed in conjunction with <br /> the City Attorney's Office. <br /> REASONS: <br /> The City Commission wishes to confirm the amount of development rights that is <br /> currently owned by the City and private owners under our Transfer Development Rights <br /> (TDR) program. The resolution documents delineate the amount of development rights <br /> that are in each TDR account. <br /> Page one of the attachment outlines the development rights that the City has acquired <br /> during the years. There are 2,202,963 square feet and 1,110 dwelling units from all the <br /> properties that the City has acquired. There are no changes from FY12-13. <br /> Page two shows the amount of TDRs the City has transferred to private parties. The <br /> total amount of TDRs transferred is 1,027,824 square feet and 554 units. There is <br /> current balance in the City's TDRs account of 1,175,139 square feet and 556 units as of <br /> the date of this memorandum. This current balance reflects a change from FY12-13 <br /> which was in the amount of 1,254,819 square feet and 594 units. The decrease from <br /> last fiscal year is 79,680 square feet and 38 units; this is the result of the Towne Center <br />