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RESOLUTION NO.2009 -j_�Yo <br />A RESOLUTION OF THE CITY COMMISSION OF THE CITY OF <br />SUNNY ISLES BEACH, FLORIDA, CONFIRMING THE <br />BALANCE OF DEVELOPMENT RIGHTS CURRENTLY HELD IN <br />THE TDR BANK ACCOUNTS HELD BY THE CITY OF SUNNY <br />ISLES BEACH AND PRIVATE OWNERS, ATTACHED HERETO <br />AS EXHIBIT "A "; REQUIRING YEARLY UPDATES OF <br />ACCOUNT BALANCES HELD BY PRIVATE OWNERS AND THE <br />CITY; PROVIDING THE CITY MANAGER WITH THE <br />AUTHORITY TO DO ALL THINGS TO EFFECTUATE THIS <br />RESOLUTION; PROVIDING FOR AN EFFECTIVE DATE. <br />WHEREAS, the City continues to seek to create more open space, parks, and recreational <br />facility and the need for recreational facilities has been facilitated by the development rights <br />ordinance ( "TDR" Ordinance); and <br />WHEREAS, the TDR Ordinance has played an instrumental role in making the City <br />greener by facilitating the creation of open space throughout the City; and <br />WHEREAS, the City Commission wishes to confirm the amount of TDRs currently <br />owned by the City of Sunny Isles Beach and private owners. <br />NOW THEREFORE, BE IT RESOLVED BY THE CITY COMMISSION OF THE <br />CITY OF SUNNY ISLES BEACH, FLORIDA, AS FOLLOWS: <br />Section 1. Development Rights Account Balance. The City Commission hereby confirms <br />the balance of development rights owned by the City and private owners. <br />Section 2. Authority of the City Manager. The City Commission hereby directs the City <br />Manager or designee to provide yearly updates of TDR Bank account balances. <br />Section 3. Effective Date. This Resolution shall become effective upon adoption. <br />PASSED AND ADOPTED this �'�` day of 2009. <br />ATTEST: <br />TDR Bank Account Resolution Page I of 2 <br />