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herein by reference (the "Property") which includes the Legal Description and the <br /> location sketch of the Property certified to the School Board.; and <br /> WHEREAS, the Applicant has submitted an application seeking approval to <br /> develop no more than 212 residential dwelling units on the Property (the "Development <br /> Proposal"); and <br /> WHEREAS, the School Board and the City entered into th.t o,rtain •T.'ended <br /> and Restated Interlocal Agreement for Public School Facili�y,Plan 'rig in¢' iami-Dade <br /> County, dated December 12, 2007(adopted and execu ed by F ;`.A i n December 13, <br /> 2007) to implement public school concurrency nd tt ',oordinate the approval of <br /> x„ <br /> a <br /> residential development with the provision o'rao-•uat public school facilities ("ILA") <br /> �;,�.:. <br /> incorporated herein by reference; and •. <br /> +r M <br /> WHEREAS, the Ci iii" <br /> City. Council pa e• and adopted Resolution No. 14-Z-146 on <br /> ::: ,,. ` <br /> October 16, 2014 (inco o Ow;ed herein by reference), approving Applicant's <br /> f. <br /> Development Proposa ,�` .-,.t to conditions, one of which is Applicant's compliance <br /> s4 <br /> with school co ency '.e•uirements; and <br /> `� s_°�" '/s''.'SS,e the Parties agree that: (1) adequate School Facility Capacity is not <br /> i <br /> availae,- for of (9) of the elementary students generated by the proposed residential <br /> dwelling nits, at the Level of Service Standard within the Concurrency Service Area in <br /> which the Development Proposal is located, to accommodate the anticipated number of <br /> public school students that the Development Proposal will generate; (2) the needed <br /> School Facility Capacity for the applicable Concurrency Service Area is not available in <br /> any contiguous Concurrency Service Areas within the same Geographic Area; and (3) <br /> SCHOOL BOARD/PROPORTIONATE SHARE MITIGATION- — <br /> SUNNY ISLES PROPERTY VENTURE,LLC AGREEMENT—DRAFT#2—5/14/15 Page 2 of 22 <br /> I <br />