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Reso 2025-3772
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Reso 2025-3772
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Last modified
2/11/2025 10:52:57 AM
Creation date
2/6/2025 12:15:27 PM
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CityClerk-Resolutions
Resolution Type
Resolution
Resolution Number
2025-3772
Date (mm/dd/yyyy)
01/16/2025
Description
Confirming the Balance of TDRs currently held in the TDR Bank Accounts by the City and Private Owners.
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balcony enclosure (application PZ2025-02). <br />Table 3 shows the funds collected and uncollected by the City from TDR transactions for development <br />projects. To date, the City has collected $75,740,211.50 from the sale of TDRs. An additional <br />$36,885,193.75 will be collected by the City in the near future from approved TDR transfers that are <br />subject to payment agreements or will be collected at building permitting. Notably, the St. Regis <br />Residences project located at 18801 Collins Avenue has an outstanding balance of $22,517,066.00 and <br />the Bentley Residences project located at 18401 Collins Avenue has an outstanding balance of <br />$14,134,446.50. Interest payments from TDR payment agreements are not part ofthe statement. <br />Finally, Table 4 shows the three active privately -owned TDR bank accounts. The private TDRs available <br />for transfer to eligible receiver sites is 19,287 square feet of floor area and nine (9) dwelling units. There <br />are two active privately -owned TDR bank accounts that have had all of the TDRs assigned to a specific <br />project. <br />ATTACHMENTS: <br />Resolution <br />Exhibit A: TDR Annual Report 2024 <br />Item Number: 9.6 <br />173 <br />
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