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Provided To be submitted at Building 'Permitting. . <br /> •15. 104.4.2 Artm Publlc Places Complies ' <br /> Required_.work of art accessible to the public <br /> Provided: Applicant agrees to 'provide monetary .contribution up to $500,000"-`If • <br /> Applicant:submit.the artwork'prior to building permitting; artwork_:musfibe appro red•by <br /> City C ommissionand monetary:contribution (deposit) should be credited`toApplicant. <br /> 16. Construction Staging Plan.CbmplieS. • <br /> Required: Submit a proposal for construction staging. <br /> Provided:- Submitted-as'a separate document, dated Noverber 2, 2015. <br /> V. PLANNING REVIEW: • <br /> 'Comprehensive Plan_ - <br /> The proposed development is consistent with the Goals, Objectives and:policies of-the <br /> City of Sunny Isles Beach Comprehensive-Plan. <br /> • <br /> 2. Transfer Development Rights <br /> The Applicant is requesting:the assignment of Transfer Development Rights (TDRs) in the <br /> amount of 283,485-_square feet and 1.19 dwelling units. The .withdrawal from the City's <br /> TDRs bank shall reflect a,reduction Of 283,485 square feet of FAR and 1.20 dwellingunits. <br /> As-such, the Applicant is,seeking approval to use the total of 283,485 square feet�of FAR <br /> and 119 dwelling units for the project, <br /> Price ofTDRs <br /> The appraisal report prepared by .:AppraisalFirst -Real Estate -Appraisers, LL-C, dated <br /> October,.:20;15_ reflects the square jootT market: value_of the subject property.as .One <br /> .H-v <br /> Ftunosed Twenty,Five. Dollars -($125 00) of allowable FAR Thus; the total TDR-purchase <br /> is $35,435,625. The effect-of the-TDRs_purchase.and approval on the project would be an <br /> increase in density (units) and intensity (square footage). <br /> 3. Traffic Engineering <br /> Traffic Impact Study: <br /> The Applicant submitted a traffic report dated Nember, 2015 prepared by Juan Espinosa <br /> PE from David Plummer & Associates, Inc. Tovhe report has been reviewed, by the City's <br /> —Cons_ultantSaltran`Rathore PE:from The Corratlino-Group:_The City Pro�ided�comments--- <br /> on November 5, 2015 and the Applicant has .agreed #o address comments from City <br /> consultant. The City's Consultant,has.approved:the submitted plans subject to compliance <br /> with Condition # 20. <br /> U:\PLANNING&ZONING200S\ZONING HEARING-APPLICATIONS 12015 APPLICATION\PZ2015-16 Varadero Staff Report 111915 <br />