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Summary Minutes:City Commission Meeting December 4,2003 City of Sunny Isles Beach,Florida <br /> the Acceptance and Payment by the Applicant of $7,558,863.00 for the Transfer of <br /> 124,991 Square Feet from the City's Development Rights Bank as Described in Exhibit <br /> 'A'; Providing for an Adjustment of the Balance of Development Rights Available; <br /> Providing for a Forfeiture and Reversion of Said Development Rights if Such Rights are <br /> Not Used Within 24 Months; Providing for a Repealer;Providing for an Effective Date. <br /> (First Reading 11/13/03) <br /> Action: City Clerk Hines read the title. <br /> Public Speakers: Judith Burke, Esq. <br /> Judith Burke, Esq., representing the applicant, asked that the comments given at first <br /> reading of this Ordinance be incorporated into the hearing tonight. <br /> Vice Mayor Goodman moved and Commissioner Brezin seconded a motion to adopt the <br /> ordinance,as amended. Ordinance No. 2003-187 was adopted by a roll call vote of 5- <br /> 0 in favor. <br /> Vote: Commissioner Brezin yes <br /> Commissioner Iglesias yes <br /> Commissioner Thaler yes <br /> Vice Mayor Goodman Les <br /> Mayor Edelcup yes <br /> 4B. An Ordinance of the City Commission of the City of Sunny Isles Beach, Florida, <br /> Providing for the Acceptance of the Appraised Land Value of $1,028,000.00 for the <br /> Property Located at 17555 Atlantic Boulevard A/K/A King David; Providing for the <br /> Acceptance and Payment by the Applicant of$160,920.00 for the Transfer of 18,000 <br /> Square Feet from the City's Development Rights Bank as Described in Exhibit "A"; <br /> Providing for an Adjustment of the Balance of Development Rights Available;Providing <br /> for a Forfeiture and Reversion of Said Development Rights if Such Rights are Not Used <br /> Within 24 Months; Providing for a Repealer; Providing for an Effective Date. <br /> (First Reading 11/13/03) <br /> Action: City Clerk Hines read the title. <br /> Public Speakers: Joseph Milton; Henry Kay <br /> Joseph Milton noted that he reviewed his prior approval from the City Commission and <br /> found that there was no requirement for streetlighting, but he realizes that this is a great <br /> concern since there is no lighting there now, and agreed to do the streetlighting in front of <br /> King David. <br /> 2 <br />