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<br />regulations, which is to protect the gcneral welfare of the public, particularly as it affects the <br />stability and appcarance of the community; and, further, found that said requests should be <br />granted, subjcct to: (A) All of the conditions set forth in this Resolution (B) Thc purchase pricc <br />to be paid by Applicant for the TDRs's based on an appraisal to bc prcpared for the City; (C) The <br />payment to the City, within three (3) working days of the City Commission approval of the <br />purchase price, of a non refundable deposit in the amount of ten perccnt (10%) of the approved <br />_purchase pricc,_(the "Ten_PercenU2eposit")inaccordance_with theTDROrdinance; and <br /> <br />NOW THEREFORE, BE IT RESOLVED BY TIm CITY COMMISSION OF THE <br />CITY OF SUNNY ISLES BEACH, FLORIDA, APPLICABLE TO APPLICANT, ITS <br />SUCCESSORS OR ASSIGNS, AS FOLLOWS: <br /> <br />H. INCORPORATION OF RECITALS. <br /> <br />All recitals are incorporated into the body of this Resolution as ifsamc were fully set forth herein. <br /> <br />III. APPROVALS. <br /> <br />Thc approvals set forth in this Scction III are subject to (A) All of the conditions set forth in this <br />Resolution; (B) The purchase price to be paid by Applicant for the TDR's based on an appraisal <br />prepared for the City; (C) The payment to the City of a non-refundable deposit in the amount of <br />ten percent (10%) of thc approved purchase price, (the "Ten Percent Deposit"). within three (3) <br />working days of the City Commission approval of thc purchase pricc, but in no event latcr than 5 <br />p.m. on Tuesday, November 21, 2006; and (D) the voluntary proffer to thc City of a mitigation <br />fec in the amount of Seven Hundred and Fifty Thousand Dollars ($750.000.00) to be used for <br />municipal purposes. as may bc determincd by the City Commission (thc "Voluntary Mitigation <br />Fee"), shall be paid to thc City of Sunny Isles Beach prior to thc issuance of the Building Permit <br />for the Project. <br /> <br />A. The Applicant's request for approval of the Property as a Receiver Sitc and for approval <br />of the transfcr of 25 dwelling units and 51,749 square feet of dcvelopmcnt rights li'DlIl <br />the City's TDR Bank to the Property, pursuant to Scction 265-23 of the LDR's, is hereby <br />conditionally granted, and, subject to all of the conditions outlined herein, the City <br />Commission finds such transfer consistent with the goals, policies and objectives of the <br />Comprehensive Plan and the expresscd purpose of Section 265-23 of Code of the City of <br />Sunny Isles Beach as amcnded. <br /> <br />B. The Applicant's request for approval of the site plan submitted for the Projcct known as <br />"Ocean Beach Resort" is hereby granted and said site plan is hereby approved. subjcct to <br />the actual transfcr of the devclopment rights, and to all of the conditions provided this <br />Resolution, including but not limited to those conditions set forth in Section IV of this <br />Resolution. The failurc of performance of any of these conditions shall be deemed a <br />denial of this Application. <br /> <br />C. The Applicant's request for approval to waive the Beach Access Eascment requircmcnt <br />1ll1dcr the City Codc is hereby granted. <br /> <br />R06-Z- <br /> <br />Ocean Beach Resort <br /> <br />3 <br />