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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
Fields
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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CERTIFICATION <br />I Certify to the best of my knowledge and belief. <br />The statements of fact contained in this report are true and correct. <br />- Te reported analyses, opinions, and conclusions are limited only by the reported assumptions and <br />limiting conditions are my personal, impartial, and unbiased professional analyses, opinions, and <br />conclusions. <br />I have no present or prospective interest in the property that is the subject of this report and no <br />personal interest with respect to the parties involved. <br />I have not, nor has any of my associates, provided professional services related to the subject <br />property, as an appraisers or in any other professional capacity, within the prior three years, <br />preceding this date of appraisal. <br />I have no bias with respect o the property that is the subject of this report or to the parties <br />involved with this assignment. <br />My engagement in this assignment was not contingent upon developing or reporting <br />predetermined results. <br />My 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 <br />subsequent event directly related to the intended use of this appraisal. <br />The reported analyses, opinions and conclusions were developed, and this report has been <br />prepared, in conformity with the requirements of the Code of Professional Ethics and Standards <br />of Professional Practice of the Appraisal Institute. <br />The use of this report is subject to the requirements of the Appraisal Institute relating to review <br />by its duly authorized representatives. <br />I have made a personal inspection of the property that is the subject of this report. <br />No one provided significant real property appraisal assistance to the person signing this <br />certification. <br />- As of the date of this appraisal Frank Hornstein, MAI has completed the continuing education <br />program of the Appraisal Institute. <br />Frank Hornstein, MAI September 15, 2025 <br />State -Certified General Date <br />Real Estate Appraiser, No. RZ 1376 <br />42 <br />580 <br />
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