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SUNNY tS4 City of Sunny Isles Beach <br />° eF 18070 Collins Avenue, Suite 250 <br />.._ _____. 2 Sunny Isles Beach, Florida 33160 <br />(305) 947 -0606 City Hall <br />(305) 949-3 1 13 Fax <br />tiF D9,* F9LOR '1O 5``P (305) 947 -2150 Building Department <br />C,/" of suN PX,o <br />305 947 -5107 Fax <br />MEMORANDUM <br />TO: The Honorable City Commissio <br />FROM: Hans Ottinot, City Attorney <br />DATE: June 21, 2012 <br />City Commission <br />Norman S. Edelcup, Mayor <br />Lewis Thaler, Vice Mayor <br />Isaac Action, Commissioner <br />Jeanette Gatto, Commissioner <br />George "Bud" Scholl, Commissioner <br />Alan J. Cohen, City Manager <br />Hans Ottinot, City Attorney <br />Jane A. Hines, CMC, City Clerk <br />RE: Ordinance Amending Section 265 -23, 265 -25 of the Land Development <br />Regulations <br />RECOMMENDATION: <br />The Ordinance is presented for your consideration. <br />REASONS: <br />In the past, the City has provided payment extensions for fees owed for purchases of Transfer of <br />Development Rights ( "TDRs ") and Bonus Units. The purpose of the attached Ordinance is to <br />codify the practice of providing the extension. Under the proposed Ordinance, the City <br />Commission may approve an extended payment plan upon the recommendation of the Finance <br />Director of the City. Any extended payment plan is subject to interest payment. <br />