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NOW THEREFORE, BE IT RESOLVED BY THE CITY COMMISSION OF THE <br />CITY OF SUNNY ISLES BEACH, FLORIDA, AS FOLLOWS: <br />Section 1. Incorporation of Recitals. The foregoing recitals are true and correct and are <br />incorporated herein by reference as if they are fully set forth herein. <br />Section 2. Authorizing the Transfer of Development Rights. Pursuant to Section 265 -23 of <br />the City Code and in accordance with Zoning Resolution No. 2 Z 13bs the City Commission <br />hereby authorizes the transfer of the development rights in the amount of 83,490 square feet of <br />floor area and 46 dwelling units to Urbis and Key International, LLLP from the private TDR sub - <br />account of Urbis and Key International, LLLP. <br />Section 3. Directive to Zoning Administrator. The Zoning Administrator or designee is <br />hereby directed to transfer the development rights from TDR Bank to Urbis and Key <br />International, LLLP, in accordance with Zoning Resolution No. 1z -213o. <br />Section 4. Authority of the City Manager. The City Manager is hereby authorized to do all <br />things necessary to effectuate this Resolution. <br />Section 5. Effective Date. This Resolution shall become effective upon adoption. <br />PASSED AND ADOPTED this 20 day of <br />ATTEST: <br />C jl� <br />Jane A. Hines, City Clerk <br />VED AS TO FORM <br />CIENCY: <br />City Attorney <br />Moved • • u uL <br />Seconded • <br />Urbis & Key International TDR Bank Page 2 of 3 <br />