HomeMy WebLinkAboutReso 2014-2220RESOLUTION NO.2014 -2-Z'Z0
A RESOLUTION OF THE CITY COMMISSION OF THE CITY OF
SUNNY ISLES BEACH, FLORIDA, REVISING THE EXTENSION
FEE FOR USEFUL LIFE OF TRANSFER OF DEVELOPMENT
RIGHTS ( "TDRS "); PROVIDING THE CITY MANAGER AND THE
CITY ATTORNEY WITH THE AUTHORITY TO DO ALL THINGS
NECESSARY TO EFFECTUATE THIS RESOLUTION; PROVIDING
FOR AN EFFECTIVE DATE.
WHEREAS, by Ordinance No. 2009 -319, adopted April 16, 2009, the City
Commission permitted private TDRs to extend beyond the five (5) years of useful life; and
WHEREAS, the City Commission wishes to revise the fee for extension of the
useful life of the TDRs.
NOW THEREFORE, BE IT RESOLVED BY THE CITY COMMISSION OF THE
CITY OF SUNNY ISLES BEACH, FLORIDA, AS FOLLOWS:
Section 1. Fee for Extension. Any owner of privately owned transfer of development rights
( "TDRs ") acquired pursuant to Section 265 -23 of the City Code may request an extension to utilize
development rights beyond the five (5) years of useful life. The owner of said TDRs shall pay to the
City an annual fee in accordance with the following formula:
(1) The total amount of TDRs shall be multiplied by a base square foot price of
$65.00 and divided by the value per 1000 square feet of TDRs. This calculation
shall yield a price per 1000 square feet of TDRs. This price shall be multiplied by
the millage rate to yield the fee per year for the extension. The base square feet
and millage rate are subject to annual change. However, any change will not
lower the base square feet and millage rate from a minimum of $65 and 2.70.
Example: 100,000 sq. ft. privately owned
x 65 base sq. ft. price
6,500,000—.' 1000 value per thousand= 6500
6500 x 2.70 = $17550
(2) Fees can be paid on a quarterly basis. Failure to pay will result in the automatic
termination of development rights.
Section 3. Authorization of City Manager and City Attorney. The City Commission hereby
provides the City Manager and City Attorney with the authority to create guidelines to approve
extension requests administratively. The City Manager and the City are hereby authorized to do all
things necessary to effectuate this Resolution.
Revising policy for use of Development Rights
Page 1 of 2
Section 4. Effective Date. This Resolution shall become effective upon adoption.
PASSED AND ADOPTED this 1 -7 +1' day of J\?P, l L 2014.
ATTEST:
'� ow'�_ � . L'�
Jane A. Hines, City Clerk, MMC
APPROVED AS TO FORM
AND LEGAL SUFFICIENCY:
City Attorney
Vote: S-0
Mayor Edelcup
Vice Mayor Aelion
Commissioner Gatto
Commissioner Levin
Commissioner Scholl
Revising policy for use of Development Rights
Page 2 of 2
Moved by: r 0
Seconded by: yrv+nn� S cj,(CaLL..
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City of Sunny Isles Beach
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18070 Collins Avenue
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Sunny Isles Beach, Florida 33160
(305) 947 -0606 City Hall
(305) 949-3113 Fax
tiF i99, * L00. OP 5
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(305) 947 -2150 Building Department
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(305) 947 -5107 Fax
MEMORANDUM
TO: Honorable Mayor and City Commission
FROM: Hans Ottinot, City Attorne
i
DATE: April 17, 2014
City Commission
Norman S. Edelcup, Mayor
Isaac Aelion, Vice Mayor
Jeanette Gatto, Commissioner
Jennifer Levin, Commissioner
George "Bud" Scholl, Commissioner
Christopher J. Russo, City Manager
Hans Otti not, City Attorney
Jane A. Hines, MMC, City Clerk
RE: Resolution Revising the Extension Fee to Extend Useful Life of TDRs
RECOMMENDATION
This Resolution is presented for your consideration.
REASONS
As a point of information, the useful life of privately owned TDRs is five (5) years unless extended
under the annual fee program. By Ordinance No. 2009 -319, adopted April 19, 2009, the City
Commission imposed an annual fee for privately owned TDRs that are extended beyond the 5 -year
period. The annual fee is subject to revision by the City Commission. Staff is requesting an increase in
the annual fee based on the increased per square foot price of TDRs. The purpose of the attached
Resolution is revise the fee for the extension of useful life TDRs.