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HomeMy WebLinkAboutReso 2022-3408RESOLUTION NO. 2022 - A RESOLUTION OF THE CITY COMMISSION OF THE CITY OF SUNNY ISLES BEACH, FLORIDA, APPROVING THE PURCHASE AND ASSIGNMENT OF TRANSFER OF DEVELOPMENT RIGHTS ("TDRS") IN THE AMOUNT OF 824 SQUARE FEET OF FLOOR AREA RATIO ("FAR") AND ZERO (0) DWELLING UNITS FROM THE CITY'S PUBLIC TDR BANK ACCOUNT TO LEN A. HAUSSLER; AUTHORIZING THE DEVELOPMENT SERVICES DIRECTOR TO WITHDRAW 824 SQUARE FEET OF FAR AND ZERO (0) DWELLING UNITS FROM CITY'S PUBLIC TDR BANK ACCOUNT AND ASSIGNING THE 824 SQUARE FEET OF FAR TO THE PROPERTY LOCATED AT 17749 COLLINS AVENUE, UNIT 3901-02; AUTHORIZING THE ADJUSTMENT AND MODIFICATION OF THE CITY'S TDR BANK ACCOUNT; 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 Zoning Resolution No.�tdopted on S Z zlhe City Commission of the City of Sunny Isles Beach (the "City Commission") approved the Site Plan Modification & Transfer of Development Rights ("TDRs") submitted by Len A. Haussler ("Applicant") related to the property located at 17749 Collins Avenue, Unit 3901-02, Sunny Isles Beach, Florida, for intensity increases of the overall Floor Area Ratio (FAR) square footage from 9,218 square feet of FAR to 10,042 square feet of FAR, an increase of 824 square feet of FAR for Unit 3901-02, as well as for the purchase and assignment of TDRs in the amount of 824 square feet of FAR and zero (0) dwelling units; and WHEREAS, the City Commission hereby agrees to approve the sale and assignment of TDRs from the City's public TDR Bank account to the Applicant in the amount of 824 square feet of FAR and zero (0) dwelling units; and WHEREAS, solely the TDRs in the amount of 824 square feet of FAR are being utilized and assigned to the project that is the subject of the Site Plan Modification application for the development project located at 17749 Collins Avenue, Unit 3901-02, Sunny Isles Beach; and WHEREAS, the City's public TDR Bank account will be adjusted to reflect the withdrawal of 824 square feet of FAR and zero (0) dwelling units to the Applicant and to reflect the TDRs assignment of solely the 824 square feet of FAR for the property located at 17749 Collins Avenue, Unit 3901-02, Sunny Isles Beach; and WHEREAS, the property receiving the 824 square feet of FAR is described on Exhibit "A" attached hereto; and WHEREAS, the City Commission agrees to authorize the sale and the assignment of the TDRs contemplated herein as an incentive for development pursuant to its Charter and Home Rule Authority. R2022 TDRs for Mansions at Acqualina Unit 3901-023901-02 Page 1 of 3 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 Sale and Assignment of TDRs from the City's public TDR account to Len A. Haussler. The City Commission hereby approves the sale and assignment of Transfer of Development Rights ("TDRs") in the amount of 824 square feet of FAR and zero (0) dwelling units from the City's public TDR account to Len A. Haussler. Len A. Haussler shall submit to the City payment in full in the amount of One Hundred Three Thousand Dollars ($103,000.00) within ten (10) working days from the approval of this Resolution. If payment is not received, TDRs Sale and Assignment is void and null. Section 3. Authorizing the Withdrawal and Assignment of TDRs. The City Commission hereby authorizes the Planning and Zoning Director to withdraw 824 square feet of FAR and zero (0) dwelling units from the City's public TDR account and to assign 824 square feet of FAR for the development project for the property located at 17749 Collins Avenue, Unit 3901-02, Sunny Isles Beach, Florida approved under Zoning Resolution No. (Ij - Section 4. Directive to Development Services Director. The Planning and Zoning Director or their designee is hereby directed to adjust the City's public TDR account to reflect the withdrawal of TDRs in the amount of 824 square feet of FAR and zero (0) dwelling units according to Zoning Resolution No. UZy. Z• (12,. Section 5. 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 6. Repealer. All Resolutions or parts of Resolutions in conflict herewith shall be and are hereby repealed. Section 7. Effective Date. This Resolution shall become effective upon adoption. A PASSED AND ADOPTED this 15th day of September 2022. Dana Robin Goldman, Mayor APPROVED AS TO FORM AND LEGA FFICIENCY: Ma ici Betan ur, CMC, City Clerk Edward A. Dion, City Attorney @BCL@C4095763.docx3901-02 Page 2 of 3 5500 Moved by: CC 1 HOC— v4sc Seconded by: 66tusG&CW�Av�; Vote: Mayor Goldman (Yes) (No) Vice Mayor Viscarra (Yes) —77 (No) Commissioner Joseph (Yes) (No) Commissioner Lama (Yes) (No) Commissioner Stuyvesant (Yes) (No) @BCL@C4095763.docx3901-02 Page 3 of 3 501 RECEIVED AUG 9 2022 PLANNING & ZONING DEPT. City of Sunny Isles Beach, FL AN APPRAISAL REPORT OF THE PURCHASE OF TDR'S AS IT PERTAINS TO THE EXPANSION OF A RESIDENTIAL UNIT LOCATED IN THE MANSIONS OF ACQUALINA AT 17749 COLLINS AVENUE, UNIT 3901/02 SUNNY ISLES BEACH, FLORIDA 33160 Appraisal No. 07-22-249 FOR Len A and Jakki L Haussler 17749 Collins Avenue, TS 3901/3902 Sunny Isles Beach, Florida 33160 c/o Carmen Tillit East of Collins -Expediting BY APPRAISALFIRST Real Estate Appraisers, LLC 1444 Biscayne Boulevard, Suite 211 Miami, Florida 33132 502 AppraisalFirst Real Estate Appraisers LLC 1444 Biscayne Boulevard, Suite 211 Miami, Florida 33132 Phone: 305-470-2130 Fax: 305-381-8047 E-mail: residentialnaapraisalfirst.net E-mail: frankna,appraisalfirst.net August 9, 2022 Len A and Jakki L Haussler 17749 Collins Avenue, TS 3901/3902 Sunny Isles Beach, Florida 33160 c/o Carmen Tillit East of Collins -Expediting RECEIVED AUG 9 202-2 PZao PLANNING & ZONING DEPT. City of Sunny Isles Beach, FL Re: The purchase of Transfer Development Rights (TDR's) as it pertains to the expansion of a residential unit located in the Mansions of Acqualina, at 17749 Collins Avenue, Unit TS 3901/3902, Sunny Isles Beach, Florida 33160. Dear Ms. Tillit: As requested, I have prepared the attached appraisal report of the above referenced property. The purpose of the report is to estimate a cost per unit for the purchase of Transfer Development Rights (TDR's), as it pertains to the underlying subject property. This appraisal report is intended to comply with reporting requirements set forth under Standards Rule 2-2 (a) of the Uniform Standards of Professional Appraisal Practice USPAP (2020-2021). The Appraisal Standards Board of The Appraisal Foundation voted to extend the expiration date of the 2020-2021 USPAP publication by one year. Instead of expiring on December 31, 2021, the current USPAP will remain in effect until December 31, 2022. The value opinion reported is qualified by certain definitions, limiting conditions and certifications which are set forth on pages 38 through 40 of this report. The extraordinary assumption is stated herein. The report includes no hypothetical conditions. The subject property consists of an approximate 824 square foot terrace area within a residential unit in the Mansions of Acqualina located along the ocean side of Collins Avenue, between 177"' and 178"' Streets, Sunny isles Beach, Florida. The Mansions of Acqualina consists of a 47 -story, luxury condominium tower, with 79 residential units, consisting of seven expansive, flow through, floor plans. The building was completed in 2015. 503 Len A and Jakki L Haussler Page Two The subject unit, which is unit 3901/3902, contains 9,218 square feet, and four bedroom, four and one half bathroom floor plan. The unit owner is planning to enclose an approximate 824 square foot terrace. In order to increase the square footage of the subject unit the owner will be required to purchase TDR's from the TDR bank of Sunny Isles Beach. This report may not be fully understood by users other than the property owner, their representatives and the appropriate officials with the City of Sunny Isles Beach. As per the LDR, at the time of approval of the TDR's, the City Commission shall consider the acceptance of the appraised land value for the receiving site as follows: the cost for a square foot of development right shall be determined by the market value of the receiving site as determined by a current real estate appraisal (updated no more than three months from the date the application is heard at a public hearing) prepared for the City by an appraiser, selected by the City Manager, but paid for by the owner of the receiving site. The appraisal amount shall then be divided by the permitted floor area ratio, including bonuses on the receiver site. Zoning and Legal Officials with the City of Sunny Isles Beach established parameters with regard to the selection of comparable sales. These parameters preclude the Appraiser from going outside the City limits to search for comparable land sales. Because of the parameters and restrictions enforced by City officials toward the appraisal process the conclusion should not, and has not been, considered market value as typically defined. The conclusion is the most probable price paid by a developer for TDR's in Greater Sunny Isles Beach and not a market supported value. Because the intended use of the appraisal is for internal purposes, related to establishing a purchase price for the TDR's, the report may not be in conformance with Title XI of FIRREA and Department of the Treasury Interagency Appraisal and Evaluation Guidelines. The appraiser has previously provided consultation and value estimates for properties similar to the subject property throughout the South Florida region. As such, the appraiser is in compliance with the competency provision contained within USPAP. A copy of the appraiser's qualifications is included in the addenda. 504 Len A and Jakki L Haussler Page Three I have not, nor has any of my associates, provided professional services related to the subject property, as an appraisers or in any other professional capacity, within the prior three years, preceding this date of appraisal. I have provided similar TDR appraisals within the project. By virtue of my investigation and analyses, it is the opinion of the appraiser that, the cost per unit for the purchase of TDR's, as they pertain to the subject property, as a fee simple estate, as of August 8, 2022, is: $125.00 Per SF of Allowable FAR Respectfully submitted, Frank Hornstein, MAI State -Certified General Real Estate Appraiser, No. RZ1376 505 Property Type: Property Description: Date of Value: Date of Report: EXECUTIVE SUMMARY A multi -family zoned ocean front parcel of land. Location 17749 Collins Avenue, Unit 3901/3902 Sunny Isles Beach, Florida 33160 Unit Folio No. 31-2211-083-0350 and 0780 Zoning: MU -R, a mixed use resort district by the City of Sunny Isles Beach, Florida. Site Size: 2.275 acres or 99,099 square feet (Survey& Public Records) - Entire Project Site. Census Tract: 1.26 Flood Zone: X, AE and VE (See Addenda) August 8, 2022 August 9, 2022 Property Rights Appraised: Fee Simple Estate Highest & Best Use: Continuation of the existing condominium project Marketing/Exposure Time: Within 12 months VALUE INDICATIONS Sales Comparison Approach: $125.00 Per SF Final Per SF of Allowable FAR $125.00 506 TABLE OF CONTENTS Letter of Transmittal Executive Summary Identification of Subject Property 1 Dates of Value & Report 1 Purpose of the Appraisal 1 Prior Recent Sales and History 1 Definition of Market Value 2 Property Rights Appraised 3 Use of the Appraisal 3 Intended User of the Appraisal 3 Summary of Scope of Work 4 Assessed Value and Tax Information 7 National Economic Outlook and Indicators 8 Miami -Dade County Area & Economic Overview 10 Neighborhood Description 15 Zoning 21 Street Improvements/Access 22 Site Description 24 Highest and Best Use 25 Sales Comparison Approach to Value 27 Reconciliation and Final Market Value Conclusion 34 Exposure Time 35 Certification 36 Assumptions and Limiting Conditions 37 Exhibits Location Map 2 Neighborhood Map 16 Aerial Photograph 23 Land Sales Map 29 507 TABLE OF CONTENTS (Continued) Addenda Subject Photographs Property Tax Card Property Survey and Legal Description - Parent Tract Flood Zone Designation & Map Floor Plan Zoning Code Engagement Letter Qualifications of Appraiser 508 TUR 2011 C1 City Use Only Date Received_.___ Date Issued--------._ Resolution ^y c9s�t FLr.0 a v.r m t, �� S ,rr OF SUFI APPUC'ATION FORME TRANSFER OF DEVELOPMENT RIGHTS PROGRAM CERTIFICATE _.___-_.__.._._.__..-L;___._._...-AI,PLIC='ANT--INF�➢I�I�IATI�is1_ NAME Len A Haussler PI IONE MAIL ADDRESS 17749 Collins Ave. #3901-02 RECEIVE® AUG 5� Lr/J202.2 rzrC>f PLANNING & ZONING DEPT. City of Sunny Isles Beach, FL Ax Clerk of Court Use Only CITY AND STATE Sunny Isles Beach FL ZIP CODE 33160 IL RECEIVER SITE INFORMATION AS APPLICABLE OWNERS NAME Len A Haussler PHONE F; -MAIL F ADDRESS 17749 Collins Ave. #3901-02 CITY AND S'TA'TE Sunny Isles Beach FL ZIP CODE 33160 PROPERTY ADDRESS/LOCATION 17749 Collins Ave. #3901-02 17749 COLLINS AVENUE CONDO # 3901 UNDIV 1.162791% 1:F GAl_, DF'SCRIPTION INT IN COMMON ELEMENTS OFF REC 29719-2548 FOLIO NUMBER 31-2211-083-0350 CURRENT'Z,ONING Residential PROPERTY SIZE 9.218 SF PURCHASE DATE 09/27/2021 _ City of Sunny Isles Beach I Planning and Zoning Department 509 TDR 2011 CH EXISTING USE OF PROPERTY Residential EXISTING STRUCTURE ON PROPERTY Residential PROPOSED FLOOR AREA RATIO 10.042 SF DENSITY. PERCENTAGE OF RIGHTS TO BE RECEIVED SQUARE FOOTAGE OF FLOOR AREA TO BE RECEIVED 824 SF DWELLING UNITS TO BE RECEIVED 0 TOTAL FLOOR AREA RATIO INCLUDING TDR 434,386 SF TOTAL, DWELLING UNITS INCLUDING TDR 0 N III. W SENDING SITE OWNERS NAME PHONE E-MAIL FAX ADDRESS CITY AND STA PROPERTY ADDRESS/LOCATI LEGAL DESCRIPTION CODE FOLIO NUMBER CURRENT ZONING PROPERTY SIZE PURCHASE DA EXISTING USE OF PROPERTY EXISTING STRUCTURES ON PROPERTY BASE FLOOR AREA RATIO PERIviI"I"I'ED UNITS PERMITTED SQUARE FOOTAGE OF FLOOR AREA TRANSFERRED TO TDR BANI{ DWELLING UNITS TRANFERED TO TDR BANK City of Sunny Isles Beach 2 Planning and Zoning Department 510 FDR 2011 CH. IV. APPRAISAL INFORMATION - AS APPLICABLE (APPRAISER IVI[JST BE APPROVE() BYTHECITY1 NA PHONE ADDRESS CITY AND STATE z I P (" 0 D E DATT, OF APPRAISAI. APPRAISAL VALUE Or-SITF. SI, TITLE COMPANY INFORMATION AS APPLICABLE [TITLE COMPANY MUST' -- - ------- I -- ------- BE APPROVED BY CITY] A CONIMITMENT OF TITLE INSURANCE FOR A FORM "B" MUST BE SUPPLIED BY THE SENDING SITE APPLICANT' AS PART OP' A COMPLETE APPLICATION NAME OFTITLE'CO N4 PAN Y ADDRESS_ PHONE E-MAIL FAX VI. SURVEY COMPANY INFORMATION NAME OF SURVEYOR ADDRESS PHONE —E-MAIL-- FAX V11. PROPERTY OWNER CERTIFICATION NAME OF COMPANY Len A Haussler ADDRESS 17749 Collins Ave. #3901-02 PHONE F VIII. OUTDOOR CODE VlO1,ATlONS, AS APPL,ICABL,E City Of Sunny Isles Beach 3 Planning and Zoning Department 511 MR 2011 Cl( (PROVIDE, CERTIFICATION FROM C'IT'Y'; CHIEF CODE ImpwrOR) IX. CERTIFICATION OF RESOLIJTION FOR YOUR PROPERTY AND INCLUDING ADJACENT LOTS X. PROPERTY O) AINER CERTIFICATION AND ACKI IONo I/LE'DGEME,NT I HEREBY CL;P.TIFY THAT 1) THE INFORMATION FURNISHED ON THIS APPLICATION AND TI-ll:A'ITACI-IENN"T'S ARE TRUE 2) I AM THE OWNER O_F_RE'CORD OF THE PROPERTY DESCRIBED IN SECTION (IIL(IIIZ�� __ (circle applicable number). W 3) IF THE APPLICATION, AS MODIFIED OR AMENDED DURING THE REVIEW AND APPROVAI., PROCESS, IS GRANTED, I AGREE, 1N CONSIDERATION THEREFORE, TO INDEMNII.-Y AND HOLD HA.RML,ESS, AND PROtNIISE NOT TO SUE, THE CITY OF SUNNY ISLES BEACH, INCLUDING ITS OFFICERS AND EMPLOYEES, TN CONNECTION WITII ANY CL AIMS OR O"I'1IE R ACTIONS ARISING OUT OF SAID REVIEW AND APPROVAL, T) I HEREBY ACKNOWLEDGE AND AGREE THAT IF THE PROPERTY IS APPROVED AS A SENDER SITE, IT SHALL BE CONVEYED TO THE; CITY AS VACANT PROPERTY WITUOUT ANY STRUCTURES LOCATED TIIEREON, UNLESS OTHERWISE AAPROVED BY TILE CITY MANAGER, THE REMOVAL OF STRUCTURES FROM THE SITE SHALE. BE AT NO COST TO THE CITY. 5) 1 HEREBY ACKNOWLEDGE AND AGREE THAT, AT THE EXPIRATION OF THE FIVE YEAR PERIOD COMMENCING WITH THE DATE OF TIIE CITY COMMISSION APPROVAL OF THE PROPERTY AS A SENDER SITE, ANY UNUSED DEVELOPENNT RIGHTS TRANSFERRED FROM THE SENDER SITE SHALL EXPIRE, TERMINATE AND BECOME EXTINGUISHED AND UNUSABLE. 41 SIGNATURE OF OlA NER (APPLIC'ANT) DATE 2:7 12 SNATURE Of 0 -OWNER (CO -APPLICANT) DATE STATE F FLORIDA City of Sunny Isles Beach tt Planning and Zoning Department 512 TDA IN I CII COUN'T'Y OF MIAMI -DARE The foregoing instrument was acknowledged before me this "!' day of by `�iL 1061u ✓ZZI` _ on behalf of a Florida (corporation) (partnership) (other) I -Ie /She is personally known to me or has produced of identification produced) as idenliEication and did take an oath. ANASTASIA KHOUZHMYAN MY COMMISSION # HH 172105 ;Po? EXPIRES: September 1, 2025 Bonded Thru Notary Public Underwriters STATE OF FLORIDA COUNTY OF MIAMI-DADE - V� 4K?,i / Notary Pu , State of Florida Print Name: (L%�i.�l�<L//�l ///ol�/t,Z-'lfCl�� The foregoing instrument was acknowledged before me this /X` day of 20,,V, by �di�1_1/ on behalf of _ _.. a Florida (corporation) (partnership) (other) -- He/She is personally known to me or has produced ( type of identification produced) asidentification produced and did take an oath. My Commission Expires: :y4 rv? ANASTASIAKHOURAVAN Notary Public Sta �Toridaat Lar MYCOMMISSIONIVHH172105Pt'intNante: GG�•��iia/t�tCO/2LGGkCl/L_ - A* EXPIRES: September 1, 2025 BondedThruNotary Public Undervmlers City of Sunny Isles Beach Planning and Zoning Department 513 y ' °v j'`�`�.�-- tiq • ,fir Lo City of Sunny Isles Beach 18070 Collins Avenue Sunny Isles Beach, Florida 33160 (305) 947-0606 City Hall (305)949-3113 Fax MEMORANDUM TO: Honorable Mayor and City Commissioners VIA: Stan Morris, City Manager FROM: Amy Canales, Planning and Zoning Director DATE: September 15, 2022 RE: Transfer Development of Rights for Balcony Enclosure at Mansions al Acqualina, Unit 3901-02 (Application No. PZ2022-08) RECOMMENDATION: This application is consistent with the City's Comprehensive Plan and the City's Land Developmerr Regulations. Staff has reviewed the application requests and has no objection if all conditions are accepted. REASONS: The Applicant is requesting approval for the purchase and assignment of TDRs in the amount of 82z square feet of FAR and 0 dwelling units from the City's public TDR bank account. The appraisal repor done by Appraisal First Real Estate Appraisers, LLC., date stamped August 9, 2022, reflects the squar, foot market value of the subject property (17749 Collins Ave) as $125.00 of allowable FAR. ThE Applicant has agreed to pay the square foot value of $125.00. Thus, the total TDR purchase i< $103,000.00. The total amount of the approved purchase price of $103,000.00 for the TDRs is duE within ten (10) working days of approval. The effect of the TDRs purchase and approval on the projecl would be an increase in intensity (square footage). ATTACHMENTS: Resolution (Added on 9/15/22) Appraisal Report TDR Application Item Number: 10.V 498