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Reso 2026-3963
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Reso 2026-3963
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Last modified
3/17/2026 12:18:57 PM
Creation date
3/17/2026 12:14:40 PM
Metadata
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Template:
CityClerk-Resolutions
Resolution Type
Resolution
Resolution Number
2026-3963
Date (mm/dd/yyyy)
02/19/2026
Description
Approve Purchase & Assignment of TDRs amount 120,972.18 Sq. ft. of FAR & (48) Dwelling units from City's Public TDR Bank to MB RE Investments, LLC.
Supplemental fields
Comment
Heard with Companion Zoning Reso 26-Z-221; Item 5A.
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L <br />N <br />tG <br />Eric Fordin <br />MB RE.Investments LLC <br />Page Two <br />Our, compensation for completing this assignment is not contingent upon the development or <br />reporting of a predetermined value or direction in value that favors the cause of the client, the <br />amount of the value opinion, the attainment of a stipulated result, or the occurrence of a subsequent <br />event directly related to the intended use of this appraisal. The fee that is being paid for this <br />appraisal is anon -refundable deposit. <br />Further, AppraisalFirst makes no assurance, representation or warranty that the appraised values of <br />the subject properties will benefit or assist the client in said intended use of the appraisal reports. <br />This engagement is solely predicated upon valuation services and not court preparation, associated <br />conference time or testimony. Additional time related to expert witness testimony and/orpreparation <br />will be billed at an hourly rate of $300. Thank you very much for the opportunity of serving you. <br />Respectfully submitted, <br />1 <br />Frank Hornstein, MAI <br />State -Certified General <br />Real Estate Appraiser, No. RZ1376 <br />I hereby authorize you to proceed with the appraisal. <br />Eric Fordin (Sep 5, 202512:29:36 EDT) 09/08/25 <br />Signature Date <br />
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