Laserfiche WebLink
<br /> <br />City of Sunny Isles Beach <br />18070 Collins Avenue <br />Sunny Isles Beach, Florida 33160 <br /> <br />City Commission <br />Norman S. Edelcup, Mayor <br />Roslyn Brezin, Vice Mayor <br />Gerry Goodman, Commissioner <br />Danny Iglesias, Commissioner <br />Lewis J. Thaler, Commissioner <br /> <br />(305) 947-0606 City Hall <br />(305) 792-1565 Fax <br />(305) 947-2150 Building Department <br /> <br />A. John Szerlag, City Manager <br />Hans Ottinot, City Attorney <br />Jane A. Hines, CMC, City Clerk <br /> <br />MEMORANDUM <br /> <br />To: The Honorable Mayor and City Commission <br /> <br />Via: A. John Szerlag, City Manager <br /> <br />From: <br /> <br />Date: <br /> <br />Re: <br /> <br />\. <br /> <br />Jorge Vera, Assistant City Manager 0- <br />Robert C. Solera, Community Development Director . <br /> <br />November 16,2006 <br /> <br />Transfer of Development Rights for Sunny Isles Resort Developers, LLLP. <br /> <br />RECOMMENDA TION <br /> <br />This resolution is presented for your consideration. <br /> <br />REASONS <br /> <br />The applicant, Sunny Isles Resort Developers, LLLP, is requesting the Transfer of <br />Development Rights in the amount of 51,749 square feet and twenty-five (25) dwelling <br />units to be use in the proposed development for the property located at 17475 Collins <br />Avenue. <br /> <br />Calculation of TDRs: The appraisal value of the property is $22,700,000 divided by <br />172,497 square feet (FAR plus bonus) is $131.60 per square feet multiplied by 51,749 <br />square feet ofTDRs requested. Total payment to be received by the City for the purchase <br />of the TDRs is $6,810,168. <br /> <br />Agenda Item _lOA <br />Date 11-=110 ... 0 to <br />