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<br />Summary Minutes: Regular City Commission Meeting January 18,2007 <br /> <br />City of Sunny Isles Beach, Florida <br /> <br />10. RESOLUTIONS <br /> <br />lOA. A Resolution of the City Commission of the City of Sunny Isles Beach, Florida, Providing for <br />the Acceptance of the Appraised Land Value of$62,000,000.00 for the Property Located at <br />17201 Collins Avenue A/KJ A Ocean IV Development Project (TDR 06-06); Providing for <br />the Acceptance and Payment by the Applicant of $l,282,655.00 for the Transfer of <br />Development Rights ("TDRs") in the Amount of9,757 Square Feet of Floor Area and Zero <br />(0) Dwelling Units; Providing for Ten Percent (10%) Deposit for TDRs; Providing for <br />Adjustment of the Balance ofTDRs from the City's Bank to Reflect a Decrease of9,757 <br />Square Feet of Floor Area and Five (5) Dwelling Units; Providing the City Manager with the <br />Authority to Do All Things Necessary to Effectuate this Resolution; Providing for an <br />Effective Date. <br /> <br />Action: [City Clerk's Note: This item was taken out of order and heard after 6A.} <br />Assistant City Manager Vera reported. <br /> <br />Public Speakers: Joseph G. Goldstein, Esq. <br /> <br />Joseph Goldstein, Esq., representing TRG Desert Inn Ventures, noted that this is the <br />companion item to 6A and this authorizes the payment of the TDR funds to the City and he <br />understands that they will pay $l,282,655.00 to the City within Three (3) business days <br />[Tuesday, January 23,2007 by 5:00 p.m.]. <br /> <br />Mayor Edelcup said this is somewhat historic to him because he was just doing a tabulation <br />on how many dollars worth of TDRs the City had sold and prior to them coming onboard, <br />tonight we were at $49 Million and change, so we have now gone over the $50 Million mark <br />in TDRs and we are able to use those funds to purchase many more parks. <br /> <br />City Attorney Ottinot noted that the amendment would be reflected in Section 4 of the <br />authorizing resolution. <br /> <br />Vice Mayor Thaler moved and Commissioner Brezin seconded a motion to approve the <br />resolution, as amended that they will pay the total amount of$1,282,655.00 in three (3) <br />business days. Resolution No. 2007-1027 was adopted by a voice vote of 5-0 in favor. <br /> <br />[City Clerk's Note: The Commission reconvened after a short recess and Commissioner <br />Iglesias stepped out to take his Grandfather home.] <br /> <br />lOB. A Resolution of the City Commission of the City of Sunny Isles Beach, Florida, RatifYing the <br />Approval of an Agreement with McQuay Factory Service for HV AC Equipment <br />Maintenance Service Agreement, in an Amount Not to Exceed $l9,560.00 Annually, <br />Attached Hereto As Exhibit "A"; Authorizing the City Manager to Do All Things Necessary <br />to Effectuate the Terms of this Resolution; Providing for an Effective Date. <br /> <br />Action: City Clerk Hines read the title and Public Works Director James Watts reported. <br /> <br />Public Speakers: none <br /> <br />Vice Mayor Thaler moved and Commissioner Brezin seconded a motion to approve the <br />resolution. Resolution No. 2007-1028 was adopted by a voice vote of 4-0-1 <br />7 <br />