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RESOLUTION NO.2020 - 3t ` t <br />A RESOLUTION OF THE CITY COMMISSION OF THE CITY OF SUNNY <br />ISLES BEACH, FLORIDA, CONFIRMING THE BALANCE OF <br />TRANSFER OF DEVELOPMENT RIGHTS ("TDRs") CURRENTLY HELD <br />IN THE TDR BANK ACCOUNTS BY THE CITY OF SUNNY ISLES <br />BEACH AND PRIVATE OWNERS, ATTACHED HERETO AS EXHIBIT <br />"A"; REQUIRING YEARLY UPDATES FOR TDRs BANK ACCOUNTS; <br />PROVIDING THE CITY MANAGER WITH THE AUTHORITY TO DO <br />ALL THINGS TO EFFECTUATE THIS RESOLUTION; PROVIDING FOR <br />AN EFFECTIVE DATE. <br />WHEREAS, the TDR Ordinance has played an instrumental role in making the City <br />greener by facilitating the creation of open space throughout the City; and <br />WHEREAS, the City Commission wishes to confirm the amount of TDRs currently <br />owned by the City of Sunny Isles Beach and private owners. <br />NOW, THEREFORE, BE IT RESOLVED BY THE CITY COMMISSION OF THE <br />CITY OF SUNNY ISLES BEACH, FLORIDA, AS FOLLOWS: <br />Section 1. Development Rights Account Balance. The City Commission hereby confirms <br />the balance of Transfer of Development Rights owned by the City and private owners attached as <br />Exhibit "A". <br />Section 2. Authority of the City Manager. The City Commission hereby directs the City <br />Manager or designee to provide yearly updates of TDR Bank account balances and to do all things <br />to effectuate this Resolution. <br />Section 3. Effective Date. This Resolution shall become effective upon adoption. <br />PASSED AND ADOPTED this 19th day No tuber 2020. <br />ATT <br />, CMC, City Clerk <br />George H. Scholl, Mayor <br />R2020 TDR Reso Annual Update Pagel of 2 <br />