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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
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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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demonstrate to the City that the subdivided property shall continue to comply with all the provisions and <br />regulations of this chapter and any resolutions adopted pursuant hereto. The procedure for demonstrating <br />such compliance shall be established by submission of documentation pursuant to regulations to be <br />promulgated by the City Commission. <br />[2] It shall be presumed that the subdivision of a hotel or motel results in a change of use <br />to nonhotel or nonmotel use. This presumption may be rebutted administratively at a <br />public hearing. An application to rebut shall be filed for public hearing before the City <br />Commission. The presumption shall be rebutted whenever such an applicant shall <br />establish at public hearing that the property will continue to be utilized as a hotel or <br />motel. In civil proceedings the presumption of change of use shall shift the burden of <br />proof on this issue to the party against whom it operates; and in criminal proceedings <br />the presumption shall constitute prima facie evidence of a change in use. <br />[3] The presumption established by this subsection shall not go into effect for a hotel or <br />motel if. prior to June 6, 1984, units in the hotel or motel have been offered to the <br />public for sale, conveyance, lease, or sublease which would result in a subdivision; an <br />application to rebut is filed pursuant to this subsection within 60 days after June 15, <br />1984; and said application is approved. For a hotel or motel which may qualify <br />pursuant to this subsection, no presumption shall go into effect until the later of the <br />expiration of said 60-day period without the filing of an application to rebut, or a final <br />determination that the applicant has failed to rebut the presumption. This section will <br />not apply to any development or application for development order issued by the City <br />Commission after the enactment of this chapter. <br />[4] This section shall not apply to any units or other components of a subdivided property <br />which were sold, conveyed, leased, or sublease to the public in bona fide transactions <br />by the subdivider prior to June 15, 1984, nor to any units or components so <br />transferred after June 15, 1984, pursuant to a bona fide contract with the transferee <br />entered into before June 15, 1984. The term "bona fide" shall mean for a valid <br />business purpose other than avoiding the applicability of this section. Except as <br />otherwise specifically provided herein all provisions of this section shall be applicable <br />to all hotel or motel property undergoing subdivision after June 15, 1984, regardless of <br />whether there was any prior. subdivision thereof. Nothing contained in this section <br />shall prevent the City from taking any and all enforcement actions authorized by the <br />City's Building and Zoning Regulations, independent of this section. <br />[5] This section shall not apply to applications for development, public hearings or <br />properties that have not received certificates of occupancy after the enactment of this <br />chapter. <br />(13) <br />621 <br />
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