Ordinance 2004-206 - Laserfiche WebLink

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. Section 3. Final Approval of Payment for TDRs. Based on the Appraised Value set forth in Section 2 hereinabove, the City Commission hereby approves the payment of one million three hundred twenty-four thousand and sixty-six dollars ($1,324,066) for the transfer of thirty-three thousand six hundred fifty seven square feet (33,657) from the Bank and twenty-one (21) units from the City's TDR's to the Receiving Site. Section 4. Adjustment of Bank Balance. Upon acceptance of payment for the transfer of development rights based on the Appraised Value, the Bank's balance will be adjusted to reflect a decrease of thirty-six thousand four hundred seventy-seven square feet (36,477) from the Bank and twenty-one (21) units (as opposed to thirty-three thousand six hundred fifty seven square feet (33,657) square feet). Section 5. Authority of the City Manager. The City Manager is hereby authorized to do all things necessary to effectuate the transfer of development rights, including directing the City Clerk to record such transfer and directing the Planning and Zoning Administrator to adjust the Bank balances currently outlined on Exhibit "A". Section 6. Repealer. Except for Exhibit "A," which will continue to be adjusted with the latest dated Exhibit as controlling in each case, all ordinances or parts of ordinances in conflict herewith, be and the same, are hereby repealed. Section 7. Effective Date. This ordinance shall become effective ten (10) days after adoption on second reading. PASSED and ADOPTED on first reading this ~ day of ~, 2004. PASSED and ADOPTED on second reading this ;;l O.JA.. day of rY\ ~, 2004 By: ll.- es/Cit{;,Elerk / }j,~~>TO FORM LEG~ SUFFICIENCY: . . ~,- Lynn M. Dannheisser, City Attorney TDRs transfer to Sayan 2