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NOW THEREFORE, BE IT RESOLVED BY THE CITY CO!NIMISSION 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. Authorizing the Transfer of Development Rights. Pursuant to Section 265 -23 of <br />the City Code and in accordance with Zoning Resolution No. 13-2- 38 the City Commission <br />hereby authorizes the transfer of the development rights in the amount of 33364 square feet of <br />floor area and 0 dwelling units to Dezer Development, LLC from the TDR account allocated for <br />property located at 18080 Collins Avenue, pursuant to the Agreement of Purchase and Sale <br />between the City of Sunny Isles Beach and Dezer Development. LLC under Resolution No. <br />2011 -1795 adopted on November 9. 2011. <br />Section 3. Directive to Zoning Administrator and Adjustment to TDRs Bank. The Zoning <br />Administrator or designee is hereby directed to transfer the development rights from TDR Bank <br />of Dezer Development, LLC in the amount of 33.364 square feet of floor area and 0 dwelling <br />units pursuant to zoning Resolution No. 11:7:-138 . The Zoning Administrator is hereby <br />instructed to make the necessary adjustments to the TDR bank account to reflect the reduction of <br />Thirty Three Thousand and Seven Hundred and Fifty (33,750) square feet of floor area and <br />Sixteen (16) dwelling units. <br />Section 4. Authoritv of the Citv Manager. The City Manager is hereby authorized to do all <br />things necessary to effectuate this Resolution. <br />Section 5. Effective Date. This Resolution shall become effective upon adoption. <br />PASSED AND ADOPTED this 17'" day of October. 2013. <br />ATTEST: <br />Jane A. Ines, MMC, City Clerk <br />APPROV- D AS TO FORM <br />AND, -LE AL SUFFICIENCY: <br />Attorney <br />Transfer & Assignment Dezer Development, LLC (Dezer Office Tower) "I-DR Bank Page 2 of 3 <br />