Reso 2018-2808 - Laserfiche WebLink

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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.(i•Z•(b<the City Commission hereby authorizes the Transfer of Development Rights("TDRs")on as needed basis for balcony enclosures in the amount of Forty Seven Thousand Three Hundred Ninety Nine (47,399) square feet of floor area and Zero (0) dwelling units to A3 Development, LLC. a/k/a The Estates at Acqualina from the City's TDR bank account. Section 3. Directive to Zoning Administrator. The Zoning Administrator or designee is hereby directed to transfer the development rights from the City's TDR Bank to A3 Development, LLC. a/k/a The Estates at Acqualina in accordance with Zoning Resolution No.1%•Z-I c,S Section 4. Authorizing the Adjustment and Modification of TDRs. The Zoning Administrator is hereby authorize to adjust on a case by case basis the City's TDR bank account in an amount not to exceed Forty Seven Thousand Three Hundred Ninety Nine(47,399) square feet of floor area and Twenty Three (23) dwelling units, and the adjustment and modification amount of TDRs will be reflected on each balcony enclosure building permit request. Section 5. Authorizing Payment Agreement of the Transfer of Development Rights. The Applicant shall provide the City with the full payment amount of optional TDRs reflected on each balcony enclosure building permit requested. Each square footage of Optional TDRs shall be valued and paid at $125.00. No balcony enclosure building permits shall be approved after the issuance of Temporary Certificate of Occupancy or Certificate of Occupancy to the project approved under Zoning Resolution No.lq•Z-•lb{adopted April 19, 2018. Section 6. Authority of the City Manager and City Attorney. The City Manager and City Attorney are hereby authorized to do all things necessary to effectuate this Resolution. Section 7. Effective Date. This Resolution shall become effective upon adoption. PASSED AND ADOPTED this 19`" day of April, 2018. George "B " Scholl, Mayor - Mauricio Beta cur, CMC, City Clerk A3 Development,LLC.a/k/a Estates at Acqualina-City Optional 1'DR Bank Page 2 of 3