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Reso 2026-3997
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Reso 2026-3997
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Last modified
4/1/2026 8:56:54 AM
Creation date
3/31/2026 10:28:39 AM
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CityClerk-Resolutions
Resolution Type
Resolution
Resolution Number
2026-3997
Date (mm/dd/yyyy)
03/19/2026
Description
Confirming the balance of TDRs currently held in the TDR Bank Accounts by the City of Sunny Isles Beach & Private Owners.
Supplemental fields
Comment
Per Amy Canales notes are to be executed only by the applicant prior to permit issuance.
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* Applicant paid 10% of non-refundable deposit, but development order expired and TDRs were returned to the City. <br />** Applicant received a credit of $204,775 for undergrounding utilites and $841,580 as part of a real estate transaction. <br />*** Payments are transfer fees collected by the City to release West side only condition. <br />**** The purchase price of $5,156,017 was increased by an additional $252,485 of interest payments. <br />***** The purchase price of $4,500,206 was decreased by $380,957 due to settlement of outstanding loan agreement. <br />****** TDRs were not used by the Applicant and were reverted to the City. <br />Page 6 of 7 <br />126 <br />
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