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CITY OF SUNNY ISLES BEACH '
<br />TRANSFER DEVELOPMENT RIGHTS BANK ACCOUNT
<br />ACCOUNTS TDR FUNDS COLLECTED TDR FUNDS UNCOLLECTED
<br />0 1. Fortune Beach 7,558,863.00 0.00
<br />2: S&G Miami Beach' ---- 160,920.00 ' 0.00' ' -
<br />3. Mandalay LLC 1,324,066.00 0.00
<br />4. S .Tropez 2,184,711.00 0.00
<br />5. =Trg Sunny Isies 13,287,559.00 0:00
<br />6. Mansiana/Solis 5,408,502.00 • **** 0.00
<br />7. Da Vinci 395,917.00 0.00
<br />8. Regalia 4,119,249.25 ***** 0.00
<br />9.• Ocean Palm 374,926.00 0.00
<br />10. Urbis&Key Int. 72,866.00 0.00
<br />11. Sunny Isles Resort 681,016.00 0.00
<br />12. TRG Desert Inn Venture 1,282,655.00 0.00
<br />13. St.Tropez II 116,261.00 0.00
<br />14. LPLA Partner, LLP 1,625,000.00 0.00
<br />15. 18555 Collins Dcv.,LLC 0.00 0.00
<br />16. Fort Apache 517,275.00 0.00
<br />17. Abus,LLC (Mr.Grosskopf) 46,270.00 0.00
<br />18. Abus,LLC (Mr.Grosskopf) 1,484,940.00 *** 0.00
<br />19. Town Center Development(St.Tropez) $1,893,870.00 *** 0.00
<br />020.
<br />Beach Acquisitions,LLC(Turnberry) 11,070,625.00 0.00
<br />21. GSF Acquisitions.LLC(Palazzo) 697,463.00 1,277,162.00
<br />22. Ritz Carlton 6,127,250.00 0.00
<br />23. Marriott 415,853.00 0.00
<br />24. Varadero 3,543,560.00 26,060,625.00
<br />25. Balcony enclosures(Mansions) 73,750.00 0.00
<br />26 A3 Development,LLC(Estates) 339,337.50 3,054,037.50
<br />Uncollected
<br />TOTALS: Collected Funds $64,802,704.75 Funds 30,391,824.50
<br />These developments paid 10%of non-refundable deposit,but development orders expired. TDR's were returned to the City.
<br />This development received a credit of$841,580.00 from the City,as part of a real estate transaction.
<br />Transfer fees collected by the City to release West side only condition.
<br />The purchase price of$5,156,017.00 was increased by an additional$252,485.00 of interest payments.
<br />The purchase price of$4,500,206.00 was decreased by$380,957.00 due to settlement of outstanding loan agreement.
<br />TDRs were reverted to City TDR bank-TDRs were not used by developer.
<br />Deposit of$500,000 was added to the Estates at Acqualina project-uncollected amounts subject to promisory repayment agreement
<br />Uncollected Funds Owed to the City for TDRs
<br />Sq.Ft. Units TDR Funds Uncollected
<br />Transactions
<br />1. GSF Acquisitions.LLC(Estates)15,797 7 $1,277,162.00
<br />2. Varadero 283,485 120 $26,060,625.00
<br />3. A3 Development,LLC(Estates) 27,147 13 $3,054,037.50
<br />326,429 140 $30,391,824.50
<br />Total Credit to TDR Bank Total Uncollected Funds
<br />Total TDRs Funds Collected $64,802,704.75
<br />TDR Funds Uncollected $30,391,824.50
<br />41) I Total TDRs Funds(collected and uncollected) $95,194,529.25
<br />Last update on November 2018 Page 3 of 4 181 -
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