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Section 2. Findings and Conclusions. Based upon an analysis of the site plan <br />application and the standards for approval of a site plan modification under the City's Land <br />Development Regulations, the City Commission hereby finds and concludes that the Applicant's <br />request for a site plan modification of the approved site plan under Resolution No. 11-Z-124 <br />adopted on December 22, 2011, which was later modified by Resolution Nos. 12-Z-127, 16-Z- <br />159, 17-Z-164, 19-Z-170, 19-Z-171, 21-Z-181, 21-Z-183, 21-Z-185, and 22 -Z - <br />increase the Floor Area Ratio (FAR) of dwelling Unit 3901-02 by 824 square feet <br />of FAR, through the City's TDRs program, by enclosing the dwelling unit's <br />balcony, thus increasing the overall square footage of FAR for Mansions at <br />Acqualina project from 433,875 square feet of FAR to 434,699 square feet of FAR. <br />is in compliance with the Comprehensive Plan and the Land Development Regulations of the City <br />of Sunny Isles Beach, and there is substantial competent evidence to support approval of the <br />application. <br />Section 3. Approval. The Applicant's request for a site plan modification of the <br />approved site plan under Resolution No. 11-Z-124 adopted on December 22, 2011, which was <br />later modified by Resolution Nos. 12-Z-127, 16-Z-159, 17-Z-164, 19-Z-170, 19-Z-171, 21-Z-181, <br />21-Z-183, 21-Z-185 and 22-Z- to increase the Floor Area Ratio (FAR) of dwelling Unit 3901- <br />02 by 824 square feet of FAR, through the City's TDRs program, by enclosing a section of the <br />dwelling unit's western balcony and a portion of an interior corridor adjacent to the unit, thus <br />increasing the overall square footage of FAR for Mansions at Acqualina project from 433,875 <br />square feet of FAR to 434,699 square feet of FAR, is hereby approved subject to all conditions set <br />forth in Section 4 below. <br />Section 4_ Conditions_ <br />I. Conditions to be completed before demolition, below grade or building permits are <br />issued. <br />A. That the plans in the approval be substantially in accordance with that submitted for public <br />hearing, which are entitled "Interior Remodeling for Existing Residence Mansions at <br />Aqualina — 17749 Collins Ave Unit #3901-02", prepared by MS Architects, Inc. stamped <br />received August 29, 2022, consisting of 10 sheets. Plans are subject to revisions -based <br />comments provided by zoning staff of the City of Sunny Isles Beach. Plans are subject to <br />modification. <br />B. If the accepted appraised value is at $125.00, the Applicant shall submit evidence of <br />purchase of the required 824 square feet of FAR and 0 dwelling units of Transfer <br />Development Rights (TDRs) subject to the Site Plan Approval. That the Applicant provides <br />the City with the total amount of the approved purchased price of $103,000 for the TDR's <br />purchased from the City's Public TDR Bank. Failure to pay the required amount within the <br />ten (10) working days of approval of the Transfer of Development Rights (TDRs) <br />application and site plan application shall result in an automatic voiding of the City <br />