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` RESOLUTION NO. 2018 - 2893 <br /> A RESOLUTION OF THE CITY COMMISSION OF THE CITY OF <br /> SUNNY ISLES BEACH,FLORIDA, CONFIRMING THE BALANCE <br /> OF TRANSFER OF DEVELOPMENT RIGHTS ("TDRs") <br /> CURRENTLY HELD IN THE TDR BANK ACCOUNTS BY THE <br /> CITY OF SUNNY ISLES BEACH AND PRIVATE OWNERS, <br /> ATTACHED HERETO AS EXHIBIT "A"; REQUIRING YEARLY <br /> UPDATES FOR TDRs BANK ACCOUNTS; PROVIDING THE CITY <br /> MANAGER WITH THE AUTHORITY TO DO ALL THINGS TO <br /> EFFECTUATE THIS RESOLUTION; PROVIDING FOR AN <br /> EFFECTIVE DATE. <br /> WHEREAS, the TDR Ordinance has played an instrumental role in making the City <br /> greener by facilitating the creation of open space throughout the City; and <br /> WHEREAS, the City Commission wishes to confirm the amount of TDRs currently <br /> owned by the City of Sunny Isles Beach and private owners. <br /> NOW THEREFORE, BE IT RESOLVED BY THE CITY COMMISSION OF THE CITY <br /> OF SUNNY ISLES BEACH, FLORIDA, AS FOLLOWS: <br /> Section 1. Development Rights Account Balance. The City Commission hereby confirms <br /> the balance of Transfer of Development Rights owned by the City and private owners attached as <br /> Exhibit "A". <br /> Section 2. Authority of the City Manager. The City Commission hereby directs the City <br /> Manager or designee to provide yearly updates of TDR Bank account balances. <br /> Section 3. Effective Date. This Resolution shall become effective upon adoption. <br /> PASSED AND ADOPTED this 20th day . Dece• ber 2018. <br /> George • . Scholl, Mayor <br /> (11.2,— <br /> rgAT I k S1T: ' <br /> t5 (D <br /> 'Y Mau l'cio 1etaniur; CMC, City Clerk <br /> C 0 <br />