Reso 2012-1990 - Laserfiche WebLink

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Parcel 2. 14 52 42 2nd Rev Bella Vista PB 50 -76 E% of Lot 27 Lot size 100.000 x 235 or 13890 -252 1188 2 F /A/U 30 -2214- 007 -0261. 14 52 42 2nd Rev Bella Vista PB 50 -76 W' /z of Lot 27 Lot size 100.000 x 215 or 13890- 252 1188 2 F /A/U 30- 2214 - 007 -0260. Parcel 3. 14 52 42 2nd Rev Bella Vista PB 50 -76 Lot 28 & Island 28 Lot size 160.000 x 200 M/L or 13890- 252 -1188 2 F /A/U 30- 2214 - 007 -0270. WHEREAS, the City Commission agrees to authorize the transfer of the TDRs contemplated herein in accordance with Section 265 -23 of the Code of the City of Sunny Isles Beach. NOW THEREFORE, BE IT RESOLVED BY THE CITY COMMISSION OF THE CITY OF SUNNY ISLES BEACH, FLORIDA, AS FOLLOWS: Section 1. Incorporation of Recitals. The foregoing recitals are true and correct and are incorporated herein by reference as if they are fully set forth herein. Section 2. Authorizing the Transfer of Development Rights. Pursuant to Section 265 -23 of the City Code and in accordance with Zoning Resolution No. 12 -Z -133, the City Commission hereby authorizes the transfer of the development rights in the amount of 94,680 square feet of floor area and 45 dwelling units to Towne Center Development Properties, LLC. from the City's TDR account. Section 3. Directive to Zoning Administrator. The City's Zoning Administrator or designee is hereby directed to transfer the development rights from TDR Bank to Towne Center Development Properties, LLC., in accordance with Zoning Resolution No. 12 -Z -133. The City's Zoning Administrator or designee is hereby directed to adjust the City's TDR Bank to reflect a deduction of 94,680 square feet of TDRs and 45 units from the City's TDR Bank. Section 4. Authorizing Pavment Agreement of the Transfer of Development Rights. The Applicant shall provide the City with a non - refundable deposit in the amount 5189,360.00 which is the 10% of the approved purchased price of S1,893,600.00 within three (3) working days of the approval of this Resolution. The remainder of the payment is due prior to issuance of a building permit for the site plan approved in accordance with Zoning Resolution No. 12 -Z -133. Section 5. Authority of the City Manager. The City Manager is hereby authorized to do all things necessary to effectuate this Resolution. Section 6. Effective Date. This Resolution shall become effective upon adoption. PASSED AND ADOPTED this 15d' day of November, 2012. Towne Center Development Properties, LLC. City TDR Bank Page 2 of