Laserfiche WebLink
Zero /O\ dwelling units to 18401 Developers, LLC. a/k/a Bentley Residences from the Cit«gTDR <br />bank account. <br />Section 3. Directive to Development Services Director. The Development Services Director or <br />designee ishereby directed 1Otransfer the development rights from the Cit/sTDRBank to184Ol <br />Developers, LLC. a/k/a Bentley Residences in accordance with Zoning Resolution No. T/ <br />The Development Services <br />Director is h8[eh« authorized to adjust the Oh/5TDR bank account by decreasing it by Twelve <br />Thousand Five Hundred Sixty -Four /l2,5b4.58\square feet offloor area and Twelve (l3)dwelling <br />units. <br />Section 5. Authorizing Payment Agreement of the Transfer of Development Rights. The <br />Applicant shall provide the City with 8non-refundable deposit iDthe amount One Hundred Fifty - <br />Seven aDdHft«-Sev8nOVllars and Twenty -Five Cents ($l57,U57.25),which i31O96Ofthe approved <br />purchased price of One Million Five Hundred Seventy -Two Thousand Five Hundred Seventy -Two <br />Dollars and Fifty Cents ($1,570,572.50) within three (]) vv0[kiOg days of the approval of this <br />Resolution. The remainder of the payment is due according to Zoning Resolution NO.V �� > <br />Section 6. Authority of the City Manager and CitV Attorney. The [hv Manager and City <br />Attorney are hereby authorized to do all things necessary to effectuate this Resolution. <br />Section 7. Effective Date. This Resolution shall become effective upon adoption. <br />ATT <br />PASSED AND ADOPTED this 14tI day of September 2021. <br />APPROVED AS TO FORM <br />AND LEGAL SU <br />&.- DaL Y: <br />MauriVio &etankur, CIVIC, City Clerk Edward A. Dion, City Attorney <br />Moved by: V—Seconded by: <br />Vmte` <br />. ^/ <br />M@yUrSvechin (YieS) (No) <br />Dl <br />COOOiS5iOOerGOldDl@n �_7_-� <br />�S\ /NO\ <br />./ <br />Commissioner Lama~ �t�S\ ___-� (NO\ <br />� <br />[Dnlnni35iVn8rVisCerro �_(YeS) (No) <br />zmmzDevelopers, uca/k/ Bentley Residences City mnBank Page awz <br />