Reso 2004-681 - Laserfiche WebLink

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Casino Property"), legally described in "Attachment A", attached and incorporated herein, also known as the Casino Property, and the transfer of the development rights from the Casino Property to the Applicants account in the TDR Bank in the amount of 3.75 F.A.R. (566,737 square feet) and 80 dwelling units per acre (277 dwelling units), in accordance with and subject to all applicable provisions of the City Code and Section 265-23 of the City's LDR's related to the Transfer of Development Rights, to be used in accordance with the expressed intent of the TDR Ordinance, including, but not limited to the following provisions: Section 265-23.3, entitled "Establishment of Sending and Receiving Sites; TDR's Transferred; Fees," (c )"TDR's Transferred from Privately-Owned Sender Sites," which sets forth provisions for the Application Process, Public Hearing, Conveyance of Privately Owned Sender Sites to City, Development Limitations on Privately Owned Sender Sites and Limitation on use of TDR's from Approved Sender Sites. (e) "Fees," which provides that applicant shall be responsible for all applicable application fees and consultant fees related to the application reVIew. Section 265-23.4, entitled "Calculations," (c) "Transferable Development Rights from Privately Owned Sender Sites," which sets forth the formula for calculating floor area ratio and density on the site based on the existing zoning, and provides that, in cases where a privately owned site of greater than three acres of frontage along Collins Avenue, in the Town Center, is offered to the City as a Sender Site, the City may accept said sender site and may provide to the owner the maximum density of 80 units per acre and a maximum floor area ratio of 3.75 provided the owner of the sender site shall either commit to provide public improvements in accordance with a design approved by the City Commission or shall fund said improvements as a condition of and no later than the actual transfer of the TDR's, and that, notwithstanding anything to the contrary, the property owner tendering the site shall have up to five (5) years from the date of the City Commission action approving this transfer to utilize such development rights in accordance with Section 3 c(5) of the TDR Ordinance. Section 2. Conditions for said Acceptance. Acceptance of said conveyance is further conditioned upon the following: (1) Applicant shall indemnify, protect and hold the City Casino - Conveyance Of 17200 Collins 3