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} - h RESOLUTION NO. 2012 - 19-1,rj CFN 2014ROO80020 OR Ek 29013 Pss 1243 - 1245; (3oss) RECORDED 01/31/2014 14:30:32 HARVEY RUVINr CLERK OF COURT MIAMI -DADE COUNTYr FLORIDA A RESOLUTION OF THE CITY COMMISSION OF THE CITY OF SUNNY ISLES BEACH, FLORIDA, AUTHORIZING THE TRANSFER OF DEVELOPMENT RIGHTS ( "TDRS ") IN THE AMOUNT OF EIGHTY THREE THOUSAND FOUR HUNDRED AND NINETY (83,490) SQUARE FEET OF FLOOR AREA AND FORTY SIX UNITS (46) TO URBIS AND KEY INTERNATIONAL LLLP FOR THE PROPERTY LOCATED AT 400 SUNNY ISLES BOULEVARD; FROM THE SUB -BANK ACCOUNT OWNED BY URBIS AND KEY INTERNATIONAL LLLP,; DIRECTING THE ZONING ADMINISTRATOR OR DESIGNEE TO TRANSFER THE TDRS FROM THE SUB -BANK ACCOUNT IN ACCORDANCE WITH ZONING RESOLUTION AUTHORIZING THE ADJUSTMENT AND MODIFICATION OF THE TDR SUB -BANK; PROVIDING THE CITY MANAGER WITH THE AUTHORITY TO DO ALL THINGS NECESSARY TO EFFECTUATE THIS RESOLUTION; PROVIDING FOR AN EFFECTIVE DATE. WHEREAS, by Zoning Resolution No.Y,LZ -13q adopted September 20, 2012, the City Commission approved the zoning application submitted by Urbis and Key International, LLLP (Commonly known as "400 Sunny Isles Beach Marina") for the transfer of TDRS in the amount of 83,490 square feet of floor area and 46 dwelling units; and WHEREAS, by Resolution No. 2006 -1002, adopted October 19, 2006, the City Commission approved the transferring of TDRS, currently owned by Urbis and Key International, LLLP in the amount 83,490 square feet and 46 dwelling units; and WHEREAS, by Resolution No. 2010 -1545, adopted March 18, 2010, the City Commission approved the extension of useful life of development rights owned by Urbis and Key International, LLLP and the Applicant has been paying the annual fees on a timely basis, and WHEREAS, the City's Private TDR Sub -Bank balance will be adjusted to reflect the assignment of TDRS to the Applicant to reflect the reduction of eighty three thousand four hundred and ninety (83,490) square feet of floor area and forty six (46) dwelling units; and WHEREAS, the property receiving the TDRS is described as follows: Parcel 1. Lots 24. 25 and Tracts B, C and D. of Second Revised Plat of Bella Vista Subdivision, according to the Plat thereof, as recorded in Plat Book 50, Page 76, of the Public Records of Miami -Dade County. Florida. (107,010 sq. ft.). 400 Sunny Isles Boulevard. WHEREAS, the City Commission agrees to authorize the transfer of the TDRS contemplated herein in accordance with its transfer of development rights ordinance. Urbis & Key Intemational TDR Bank Page 1 of 3 3