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® SVNNY ISLE <br />w f <br />n <br />r <br />El <br />TO: <br />VIA: <br />FROM: <br />DATE: <br />RE: <br />City of Sunny Isles Beach <br />18070 Collins Avenue <br />Sunny Isles Beach, Florida 33160 <br />(305) 947 -0606 City Hall <br />(305)949.3113 Fax <br />MEMORANDUM <br />The Honorable Mayor and City Commission <br />Christopher J. Russo, City Manager <br />Claudia Hasbun, Zoning Administrator /Planning Manager <br />11/21/2013 <br />Transfer of Development Rights (TDRs) Request for Extension by <br />Regalia Beach Developers, LLC. <br />RECOMMENDATION: <br />This Resolution is presented for your consideration. <br />REASONS: <br />Pursuant to Resolution No. 2009 -1398, adopted March 19, 2009, any owner of <br />privately owned development rights ( "TDRs ") acquired pursuant to Section 265- <br />23 of the Land Development Regulations may request an extension to utilize <br />development rights purchased by a private party upon an annual payment fee. <br />Regalia Beach Developers, LLC. is requesting an extension of the TDRs in the <br />amount of eight (8) units and 15,538 square feet of floor area. The property <br />owner shall pay an annual fee according to the City's developed formula in order <br />to preserve the development rights stated above. The annual fee for this FY <br />2013/2014 is $1,258.57. This extension does not create any vested rights with <br />respect to the development rights <br />ATTACHMENTS: <br />• Resolution <br />• TDR owner request <br />• TDR extension payment FY13 -14 <br />Agenda Item No. 101 <br />Date 11212013 <br />168 <br />