Reso 2022-3296 - Laserfiche WebLink

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owner for a balcony enclosure at Mansions at Acqualina pursuant to Resolution No. 2021-3254, thirdly, the sale of 12,564 square feet and 12 dwelling units to 18401 Developers, LLC for the Bentley project pursuant to Resolution No. 2021-3239. Lastly, the sale of 343 square feet for another balcony enclosure at Acqualina Resort pursuant to Resolution No. 2021-3272. Page three of the attachment shows the funds collected by the City from the sale of TDRs for development projects. Over the years, the City has collected approximately $75,421,846.50 from the sale of TDRs. There is another $27,474,140.25 that the City expects to collect in the near future from approved projects. Interest payments from TDRs payment agreements are not part of the statement. Finally, page four delineates the accounts that show the amount of development rights privately owned. The following private TDRs transactions took place in 2021. First, pursuant to Resolution No 2021-3196, NDPRE #14, LLC (Navarro) sold to A3 Development LLC (Estates) a total amount of 11,8E square feet and 5 dwelling units, second, pursuant to Resolution No. 2021-3222 Navarro sold to 43 SIE LLC (Balcony Enclosure) a total of 283 square feet and 0 dwelling units, third, pursuant to Resolutior No. 2021-3241 Navarro sold 114,471 square feet and 51 dwelling units to 18401 Developers, LL( (Bentley). For all Navarro TDRs transactions, the City was responsible for the brokerage of the sales with these transactions, Navarro private TDRs bank was depleted. The other private TDRs transactioi was, pursuant to 2021-3240 the assignment of 15,161 square feet and 7 dwelling units from Dezer Universal, LLC to 18401 Developers, LLC (Bentley). The private TDRs accounts availability is onl�9,287 square feet of floor area and 9 dwelling units, all other active private TDRs accounts have beer assigned to a specific project. ATTACHMENTS: Resolution Annual Report Item Number: 10.0 153