Reso 2013-2128 - Laserfiche WebLink

Home Browse Search

Development assignment to St. Tropez Project (94,680 sq ft and 45 units) and the reversion from 18555 Collins Dev. LLC. to the City's TDRs (15,000 sq ft and 7 units). Page three of the attachment shows the funds collected by the City from the sale of TDRs to development projects. Currently the City has collected $40,330,626.25 from the sale of development rights. There is another $2,204,240.00 that the City expects to collect in the near future. Finally, page four delineates the accounts that show the amount of development rights owned by private owners. The accounts total amount to 186,273 square feet and 89 units. There is a change of 204,289 square feet and 111 units; this is the result of the Paramount account assignment to Jade Signature project (149,501 sq ft and 81 units); the R.K. Associates, Inc. account assignment to Unique project (58,500 sq ft and 30 units); the creation of a new Private TDR bank account in favor of Palermo Beach, LLC in the amount of 7,213 sq ft and 3 units; the creation of a new Private TDR bank account in favor of 18555 developers, LLC in the amount of 1,373 square feet and 0 units; there is also the removal of the Mansiana/Solis Private TDRs account in the amount of 4,874 square feet and 3 units since the assignment to the project was under Resolution No. 05-Z-98 and the TDRs have been extended along with all the project's rights.