Reso 2014-2320 - Laserfiche WebLink

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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 Utilization of Transfer of Development Rights. Pursuant to Section 265-23 of the City Code and in accordance with Zoning Resolution No.i4-2-p14 the City Commission hereby authorizes the utilization of transfer of the development rights in the amount of 83,445 square feet of floor area and 42 dwelling units to Sunny Isles Property Venture, LLC. from the Private TDR bank accounts. Section 3. Approval of Assignment Agreement. The City Commission hereby approves the assignment agreement attached as Exhibit "A" for the transfer of 7,213 square feet of floor area and 3 dwelling units between PMG-S2 Sunny Isles, LLC and Sunny Isles Property Venture, LLC. Section 4. Directive to Zoning Administrator. The City's Zoning Administrator or designee is hereby directed to transfer the development rights from the TDR ba k accounts to Sunny Isles Property Venture, LLC. in accordance with Zoning Resolution No. /1-2-141, The City's Zoning Administrator or designee is hereby directed to close the Private TDR bank accounts owned by Sunny Isles Property Venture, LLC and PMG-S2 Sunny Isles, LLC. Section 5. Authority of the City Manager. The City Manager is hereby authorized to do all things necessary to effectuate this Resolution. Section 6. Effective Date. This Resolution shall become effective upon adoption. PASSED AND ADOPTED this 16th day of October, 2014. .rman S. Edelcup, Mayor ATTEST: � T c,i r Y Jane A. Hines, MMC, City Clerk APPROVED AS TO FORM AND L a 7 ?7ICIENCY: c` l'HY'Os'.not,Cit Attorney / Sunny Isles Property Venture&PMG-S2 Sunny Isles-Private TDR BankPage 2 of 3