Laserfiche WebLink
RESOLUTION NO.2021 - 22- <br />A RESOLUTION OF THE CITY COMMISSION OF THE CITY OF <br />SUNNY ISLES BEACH, FLORIDA, APPROVING THE PURCHASE AND <br />ASSIGNMENT OF TRANSFER OF DEVELOPMENT RIGHTS ("TDRS") <br />IN THE AMOUNT OF 283 SQUARE FEET OF FLOOR AREA RATIO <br />("FAR") AND ZERO (0) DWELLING UNITS FROM A PRIVATE TDR <br />BANK ACCOUNT OF NDPRE #14, LLC ("ASSIGNOR") TO 43 SIB LLC.; <br />AUTHORIZING THE DEVELOPMENT SERVICES DIRECTOR TO <br />WITHDRAW 283 SQUARE FEET OF FAR AND ZERO (0) DWELLING <br />UNITS FROM THE AFOREMENTIONED PRIVATE TDR BANK <br />ACCOUNT AND ASSIGNING SOLELY THE 283 SQUARE FEET OF FAR <br />TO THE PROPERTY LOCATED AT 17749 COLLINS AVENUE UNIT <br />4301, SUNNY ISLES BEACH; AUTHORIZING THE ADJUSTMENT AND <br />MODIFICATION OF THE PRIVATE TDR BANK ACCOUNTS; <br />PROVIDING THE CITY MANAGER AND THE CITY ATTORNEY WITH <br />THE AUTHORITY TO DO ALL THINGS NECESSARY TO <br />EFFECTUATE THIS RESOLUTION; PROVIDING FOR AN EFFECTIVE <br />DATE. <br />WHEREAS, by Zoning Resolution No. 21-Z- , adopted on July 15, 2021, the City <br />Commission of the City of Sunny Isles Beach (the "City Commission") approved the Site Plan <br />Modification & Transfer of Development Rights ("TDRs") submitted by 43 SIB LLC <br />("Applicant") related to the property located at 17749 Collins Avenue, Sunny Isles Beach, Florida, <br />for intensity increases of the overall Floor Area Ratio (FAR) square footage from 432,684 square <br />feet of FAR to 432,967 square feet of FAR, an increase of 283 square feet of FAR, as well as for <br />the purchase and assignment of TDRs in the amount of 283 square feet of FAR; and <br />WHEREAS, the Applicant sought to purchase the above referenced TDRs directly from <br />the City of Sunny Isles Beach ("City"), however, pursuant to the Land Donation and Transfer of <br />Development Rights Agreement between the City and NDPRE #14, LLC ("Navarro"), approved <br />by Resolution 2018-2840, the City is required to sell Navarro's TDRs before the City sells any <br />other TDRs held in the public bank account controlled by the City; and <br />WHEREAS, the City Commission hereby agrees to approve the sale and assignment of <br />TDRs from the Private TDR Bank account of Navarro to the Applicant in the amount of 283 square <br />feet of FAR and zero (0) dwelling units; and <br />WHEREAS, solely the TDRs in the amount of 283 square feet of FAR are being utilized <br />and assigned to the project that is the subject of the Site Plan Modification application for the <br />development project located at 17749 Collins Avenue Unit 4301, Sunny Isles Beach; and <br />WHEREAS, the Private TDR Bank account of Navarro will be adjusted to reflect the <br />withdrawal of 283 square feet of FAR and zero (0) dwelling units to the Applicant and to reflect <br />the TDRs assignment of solely the 283 square feet of FAR for the property located at 17749 Collins <br />Avenue Unit 4301, Sunny Isles Beach; and <br />WHEREAS, the property receiving the 283 square beet of FAR is described on Exhibit <br />"A" attached hereto; and <br />122021 TDR for 43 SIB L IX Page t of3 <br />