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CITY OF SUNNY ISLES BEACH
<br />TRANSFER DEVELOPMENT RIGHTS BANK ACCOUNT
<br />ACCOUNTS
<br />TDR FUNDS COLLECTED
<br />TDR FUNDS UNCOLLECTED
<br />TDR Funds Uncollected
<br />1.
<br />Town Center Development (St. Tropez)
<br />1.
<br />Fortune Beach
<br />$7,558,863.00
<br />$0.00
<br />2.
<br />S &G Miami Beach
<br />$160,920.00
<br />$0.00
<br />3.
<br />Mandalay LLC
<br />$1,324,066.00
<br />$0.00
<br />4.
<br />St. Tropez
<br />$2,184,711.00
<br />$0.00
<br />5.
<br />Trg Sunny Isles
<br />$13,287,559.00
<br />$0.00
<br />6.
<br />Mansiana /Solis
<br />$5,408,502.00 ••'•
<br />$0.00
<br />7.
<br />Da Vinci
<br />$395,917.00 •
<br />$0.00
<br />8.
<br />Regalla
<br />$4,119,249.25 •• "`
<br />$0.00
<br />9.
<br />Ocean Palm
<br />$374,926.00 •
<br />$0.00
<br />10.
<br />Urbis & Key Int.
<br />$72,866.00
<br />$0.00
<br />11.
<br />Sunny Isles Resort
<br />$681,016.00 •
<br />$0.00
<br />12.
<br />TRG Desert Inn Venture
<br />$1,282,655.00
<br />$0.00
<br />13.
<br />St. Tropez 11
<br />$116,261.00 ••
<br />$0.00
<br />14.
<br />LPLA Partner, LLP
<br />$1,625,000.00
<br />$0.00
<br />15.
<br />$0.00
<br />$0.00
<br />16.
<br />Fort Apache
<br />$517,275.00 ••'
<br />$0.00
<br />17.
<br />Abus, LLC (Mr. Grosskopf)
<br />$46,270.00 "•
<br />$0.00
<br />18.
<br />Abus, LLC (Mr. Grosskopf)
<br />$1,484,940.00 `•'
<br />$0.00
<br />19.
<br />Town Center Development (St. Tropez)
<br />$189,630.00 "'
<br />$1,704,240.00
<br />20.
<br />1 Beach Acquisitions, LLC (Turnberry)
<br />$1,414,988.00
<br />$12,737,887.00
<br />21.
<br />GSF Acquisitions. LLC (Palazzo)
<br />$197,463.00
<br />$1,777,162.00
<br />TOTALS: Collected Funds
<br />$42,443,077.25
<br />nco ec e
<br />Funds
<br />$16,219,289.00
<br />• These developments paid 10% of non- refundable deposit, but development orders expired. TDR's were returned to the City.
<br />• • This development received a credit of $841,580.00 from the City, as part of a real estate transaction.
<br />`•• Transfer fees collected by the City to release West side only condition.
<br />• ••` The purchase price of $5,156,017.00 was increased by an additional $252,485.00 of interest payments.
<br />`•••• The purchase price of $4,500,206.00 was decreased by $380,957.00 due to settlement of outstanding loan agreement.
<br />••'•'• TDRs were reverted to City TDR bank - TDRs were not used by developer.
<br />Uncollected Funds Owed to the City for TDRs
<br />Transactions
<br />Sq. Ft.
<br />Units
<br />TDR Funds Uncollected
<br />1.
<br />Town Center Development (St. Tropez)
<br />94680
<br />45
<br />$1,704,240.00
<br />2.
<br />Beach Acquisitions, LLC (Turnberry)
<br />122,833
<br />50
<br />$12,737,887.00
<br />3.
<br />GSF Acquisitions. LLC (Palazzo)
<br />15,797
<br />7
<br />$1,777,162.00
<br />233,310
<br />102
<br />$16,219,289.00
<br />Total Credit to TDR Bank
<br />Total Uncollected Funds
<br />Total TDRs Funds Collected
<br />TDR Funds Uncollected
<br />$42,443,077.25
<br />$16,219,289.00
<br />Total TDRs Funds
<br />$58,662,366.25
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