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RESOLUTION NO. 2014--23q I <br />A RESOLUTION OF THE CITY COMMISSION OF THE CITY OF <br />SUNNY ISLES BEACH, FLORIDA, CONFIRMING THE BALANCE <br />OF TRANSFER OF DEVELOPMENT RIGHTS ( "TDRs ") <br />CURRENTLY HELD IN THE TDR BANK ACCOUNTS BY THE <br />CITY OF SUNNY ISLES BEACH AND PRIVATE OWNERS, <br />ATTACHED HERETO AS EXHIBIT "A'; REQUIRING YEARLY <br />UPDATES FOR TDRs BANK ACCOUNTS; PROVIDING THE CITY <br />MANAGER WITH THE AUTHORITY TO DO ALL THINGS TO <br />EFFECTUATE THIS RESOLUTION; PROVIDING FOR AN <br />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 <br />OF SUNNY 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 as <br />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. <br />Section 1. Effective Date. This Resolution shall become effective upon adoption. <br />PASSED AND ADOPTED this 20' day of November. 2014. <br />C 7< <br />s <br />r.,'ATTEST: " <br />Jane i es. MM C, City Clerk <br />APPROVED AS TO FORM <br />AND LEGAL SUFFICIENCY <br />