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<br />OR BK 21973 PG 2070 <br />L,AST PAGE <br /> <br />CITY OF SUNNY ISLES BEACH <br />TRANSFER DEVELOPMENT RIGHTS BANK <br /> <br />Development rights for City own property <br /> <br />Site <br /> <br />Transferable <br />square footage <br /> <br />Transferable <br />density <br /> <br />1. Golden Shores Park <br />2. Active Park <br />3. Gwen Margolis Park <br />4. Gilbert Samson Oceanfront Park <br /> <br />11,512 square feet <br />166,240 square feet <br />248,292 square feet <br />162,914 square feet <br /> <br />2 units <br />100 units <br />143 units <br />94 units <br /> <br />Total development rights in bank <br /> <br />588,958 square feet <br /> <br />339 units <br /> <br />Transferable Development Right Balance <br /> <br />Development <br /> <br />TOR <br />Balance <br />Sq.ft Units <br />588,958 339 <br /> <br />TOR <br />Value <br /> <br />1, Fortune Beach LLC 17001 Collins Ave <br />TOR square feet approved 124,991 <br />TOR units approved 57 <br /> <br />TOR square foot and units deducted <br />Total TOR cost <br /> <br />124,991 <br /> <br />72 <br /> <br />Subtotal <br /> <br />463,967 <br /> <br />267 <br /> <br />$7,558,863 <br />$7,558,863 <br /> <br />2, King David 17555 Atlantic Blvd. <br />TOR square feet approved 18,000 <br />TOR units approved 18 <br /> <br />TOR square foot and units deducted <br />Total TOR cost <br /> <br />31,266 <br /> <br />18 <br /> <br />Subtotal <br /> <br />432,701 <br /> <br />249 <br /> <br />$160,920 <br />$7,719,783 <br /> <br />EXHIBIT IAI <br />