Laserfiche WebLink
CITY OF SUNNY ISLES BEACH 9/14/2009 <br />TRANSFER DEVELOPMENT RIGHTS BANK ACCOUNT <br />Development Rights Fund Account <br />* These developments are paying interest on the remaining balance as per agreement with the City <br />** This development received a credit from the City <br />* ** These developments paid 10% of total TDR amount due to City. <br />Projects that have defaulted on the Development Order <br />TDR funds collected <br />TDR funds uncollected <br />1. Fortune Beach <br />7,558,863 <br />2. S &G Miami Beach <br />160,920 <br />1. Da Vinci <br />3. Mandalay LLC <br />1,324,066 <br />3,563,741 * <br />4. StTropez <br />2,184,711 <br />18 <br />5. Trg Sunny Isles <br />13,287,559 <br />51,749 <br />6. Mansiana /Solis <br />4,458,149 <br />697,868 * <br />7. Da Vinci <br />395,917 * ** <br />8. Regalia <br />3,214,592 <br />1,285,614 * <br />9. Ocean Palm <br />374,926 * ** <br />10. Urbin & Key Int. <br />72,866 <br />11. Sunny Isles Resort <br />681,016 * ** <br />12. TRG Desert Inn Venture <br />1,282,655 <br />13. StTropez II <br />116,261 * ** <br />841,580 ** <br />Uncollected funds <br />$2,825,062 <br />Total collected funds <br />$35,112,501 <br />* These developments are paying interest on the remaining balance as per agreement with the City <br />** This development received a credit from the City <br />* ** These developments paid 10% of total TDR amount due to City. <br />Projects that have defaulted on the Development Order <br />* These developments paid 10% of total TDR amount due to City. <br />Page 2 <br />Sq. Ft. <br />Units <br />TDR funds uncollected <br />defaulted dev. order <br />1. Da Vinci <br />42,368 <br />24 <br />3,563,741 * <br />2. Ocean Palm <br />33,688 <br />18 <br />3,374,341 * <br />3. Sunny Isles Resort <br />51,749 <br />28 <br />6,129,151 <br />Total credit to TDR Bank <br />127,805 <br />70 <br />Total uncollected funds <br />$13,067,233 <br />* These developments paid 10% of total TDR amount due to City. <br />Page 2 <br />