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NOW, THEREFORE, BE IT RESOLVED BY THE CITY COMMISSION OF THE CITY OF SUNNY <br />ISLES BEACH, FLORIDA, AS FOLLOWS: <br />Section 1. Incorporation of Recitals. The foregoing recitals are true and correct and are <br />incorporated herein by reference as if they are fully set forth herein. <br />Section 2. Authorizing the Sale and Assignment of TDRs from the City's public TDR account to <br />West Investment Development & Real Estate LLC. The City Commission hereby approves the sale <br />and assignment of Transfer of Development Rights ("TDRs") in the amount of 308 square feet of <br />FAR and zero (0) dwelling units from the City's public TDR account to West Investment <br />Development & Real Estate LLC. West Investment Development & Real Estate LLC shall submit to <br />the City payment in full in the amount of Thirty -Eight Thousand Five Hundred Dollars ($38,500.00) <br />within ten (10) working days from the approval of this Resolution, if payment is not received, <br />TDRs Sale and Assignment is void and null. <br />Section 3. Authorizing the Withdrawal and Assignment of TDRs. The City Commission hereby <br />authorizes the Planning and Zoning Director to withdraw 308 square feet of FAR and zero (0) <br />dwelling units from the City's public TDR account and to assign 308 square feet of FAR for the <br />development project for the property located at 17749 Collins Avenue, Unit 1101, Sunny Isles <br />Beach, Florida approved under Zoning Resolution No. =4-1 . <br />Section 4. Directive to Development Services Director. The Planning and Zoning Director or <br />their designee is hereby directed to adjust the City's public TDR account to reflect the withdrawal <br />of TDRs in the amount of 308 square feet of FAR and zero (0) dwelling units according to Zoning <br />Resolution No. 72Z-�l 0b. <br />Section 5. Authority of the City Manager and City Attorney. The City Manager and City <br />Attorney are hereby authorized to do all things necessary to effectuate this Resolution. <br />Section 6. Repealer. All Resolutions or parts of Resolutions in conflict herewith shall be and <br />are hereby repealed. <br />Section 7. Effective Date. This Resolution shall become effective upon adoption. <br />PASSED AND ADOPTED this 17th day of February, 2022. <br />Dana Robin Goldman, Mayor <br />A4ici6 <br />APPROVED AS TO FORM <br />ND LEGAL SUF NCY: <br />Mtalncur, CMC, City Clerk 'ward A. Dion, City Attorney <br />@BCL@C40C78S6.docx Page 2 of 3 139 <br />