Reso 2021-3222 - Laserfiche WebLink

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WHEREAS, the City Commission agrees to authorize the sale and the assignment of the TDRs contemplated herein as an incentive for development pursuant to its Charter and Home Rule Authority. NOW, THEREFORE, BE IT RESOLVED BY THE CITY COMMISSION OF THE CITY OF SUNNY ISLES BEACH, FLORIDA, AS FOLLOWS: Section 1. Incorporation of Recitals. The foregoing recitals are true and correct and are incorporated herein by reference as if they are fully set forth herein. Section 2. Authorizing,the Sale and Assignment of TDRs from NDPRE #14, LLC to 43 SIB LLC. The City Commission hereby approves the sale and assignment of Transfer of Development Rights ("TDRs") in the amount of 283 square feet of FAR and zero (0) dwelling units from a Private TDR Bank account designated for NDPRE #14, LLC to 43 SIB, LLC. SIB, LLC shall submit to the City payment in full in the amount of Thirty -Five Thousand Three Hundred Seventy - Five Dollars ($35,375.00) within ten (10) business day from the approval of this Resolution, if payment is not received, TDRs Sale and Assignment is void and null. Section 3. Authorizing the Withdrawal and Assignment of TDRs. The City Commission hereby authorizes the Development Services Director to withdraw 283 square feet of FAR and zero (0) dwelling units from the Private TDR Bank account designated for NDPRE #14, LLC and to assign 283 square feet of FAR for the development project for the property located at 17749 Collins Avenue Unit 4301, Sunny Isles Beach, Florida approved under Zoning Resolution No. Section 4. Directive to Development Services Director. The Development Services Director or their designee is hereby directed to adjust the Private TDR Bank account designated for NDPRE #14, LLC to reflect the withdrawal ot—IT)Rs in the amount of 283 square feet of FAR and zero (0) dwelling units according to Zoning Resolution No. . Pursuant to the Land Donation and Transfer of Development Rights Agreement between the City and NDPRE #14, LLC, the City will sell NDPRE #14 LLC's TDRs at $125 per square foot and shall pay to NDPRE 414 the amount of proceeds from such sale within thirty ('30) days of the closing. Section 5. Authority of the City Manager and City Attorney. The City Manager and City Attorney are hereby authorized to do all things necessary to effectuate this Resolution. Section 6. Repealer. All Resolutions or parts of Resolutions in conflict herewith shall be and are hereby repealed. Section 7. Effective Date. This Resolution shall become effective upon adoption. PASSED AND ADOPTED this 15 1h day of July 2( George H. Scholl, Mayor 2