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CPC 9�k PLOW �14. <br />fTY 4F SUN <br />City of Sunny Isles Beach <br />18070 Collins Avenue <br />Sunny Isles Beach, Florida 33160 <br />(305) 947-0606 City Hall <br />(305) 949-3113 Fax <br />MEMORANDUM <br />TO: Honorable Mayor and City Commissioners <br />VIA: Stan Morris, City Manager <br />FROM: Amy Canales, Planning and Zoning Director <br />DATE: March 19, 2026 <br />RE: Transferable Development Rights (TDRs) Bank Account Annual Update <br />(2025) <br />RECOMMENDATION: <br />Staff recommends approval of this Resolution. <br />REASONS: <br />The City Commission wishes to confirm the amount of development rights that are currently owned by <br />the City and private owners under the Transferable Development Rights (TDRs) program. The <br />document attached to the Resolution as Exhibit A delineates the amount of development rights that are <br />in each TDR bank account. <br />Table 1 outlines the City -owned sender sites that have been created since adoption of the TDR <br />ordinance. These are the properties owned by the City that have had the development rights severed <br />and may be transferred to eligible receiver sites. Since the last TDR annual report, the Le Richelieu <br />property located at 18126 Atlantic Boulevard was added to the list of sender sites, which contributed <br />43,353 square feet of floor area and 26 dwelling units. To date, the City has deposited 2,412,433 square <br />feet of floor area and 1,212 dwelling units into the TDR bank as available for transfer. <br />Table 2 shows the amount of City -owned TDRs that have been transferred to private parties. Since the <br />last TDR annual report, there has been three transfers to the Mansions of Acqualina for balcony <br />Item Number: 9.1­1 <br />117 <br />