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RESOLUTION NO. 2025 - 7 <br />A RESOLUTION OF THE CITY COMMISSION OF THE CITY OF SUNNY ISLES BEACH, <br />FLORIDA, CONFIRMING THE BALANCE OF TRANSFER OF DEVELOPMENT RIGHTS <br />("TDRs") CURRENTLY HELD IN THE TDR BANK ACCOUNTS BY THE CITY OF SUNNY <br />ISLES BEACH AND PRIVATE OWNERS, ATTACHED HERETO AS EXHIBIT "A"; <br />REQUIRING YEARLY UPDATES FOR,TDRs BANK ACCOUNTS; PROVIDING THE CITY <br />MANAGER. WITH THE AUTHORITY TO DO ALL THINGS NECESSARY TO <br />EFFECTUATE THIS RESOLUTION; PROVIDING FOR AN EFFECTIVE DATE. <br />WHEREAS, the TDR Ordinance has played an instrumental role in making the City <br />greener by facilitating the creation of open space throughout the City; and <br />WHEREAS, the City Commission wishes to confirm the amount of TDRs currently <br />owned by the City of Sunny Isles Beach and private owners. <br />NOW, THEREFORE, BE IT RESOLVED BY THE CITY COMMISSION OF THE CITY OF SUNNY <br />ISLES BEACH, FLORIDA, AS FOLLOWS: <br />Section 1. Development Rights Account Balance. The City Commission hereby confirms <br />the balance of Transfer of Development Rights owned by the City and private owners attached <br />as Exhibit "A". <br />Section 2. Authority of the City Manager. The City Commission hereby directs the City <br />Manager or designee to provide yearly updates of TDR Bank account balances and to do all things <br />to effectuate this Resolution. <br />Section 3. Effective Date. This Resolution shall become effective upon adoption. <br />PASSED AND ADOPTED this 16th day of Janu , 2 5. <br />ATTEST: <br />Maurici�o Betancor, CMC, City Clerk <br />Larisa Svechin, Mayor <br />APPROVED AS TO FORM <br />AND LEGAL SUFFICIENCY: <br />Iain E. Boileau, for Nabors, Giblin & <br />Nickerson, P.A., City Attorney <br />@BCL@F80C5142.docx Page 1 of 2 <br />