The URL can be used to link to this page

Home My WebLink AboutReso 2005-867 RESOLUTION NO. 2005- 8t,;.1 A RESOLUTION OF THE CITY COMMISSION OF THE CITY OF SUNNY ISLES BEACH, FLORIDA; ACCEPTANCE OF THE APPRAISED LAND VALUE OF THIRTEEN MILLION TWO HUNDRED THOUSAND DOLLARS ($13,200,000) FOR THE PROPERTY GENERALLY LOCATED AT 17141 COLLINS AVENUE; PROVIDING FOR PAYMENT IN THE AMOUNT OF THREE MILLION NINE HUNDRED FIFTY-NINE THOUSAND SEVEN HUNDRED THIRTEEN DOLLARS AND THIRTY CENTS ($3,959,713.30) BY THE APPLICANT FOR THE TRANSFER OF DEVELOPMENT RIGHTS ("TDRS") IN THE AMOUNT OF 42,368 SQUARE FEET OF FLOOR AREA AND 2 DWELLING UNITS; PROVIDING FOR TEN PERCENT (10%) DEPOSIT FOR TDRS; PROVIDING FOR THE TRANSFER OF CERTAIN NUMBER OF TDRS TO THE APPLICANT UPON RECEIPT OF CERTAIN PAYMENTS; PROVIDING FOR AN ADJUSTMENT OF THE BALANCE OF TDRS FROM THE CITY'S BANK TO REFLECT THE SALE OF TDRS TO MULL Y SB, LLC.; PROVIDING THE CITY MANAGER WITH THE AUTHORITY TO DO ALL THINGS NECESSARY TO EFFECTUATE THIS RESOLUTION; PROVIDING FOR AN EFFECTIVE DATE. WHEREAS, by Zoning Resolution No.~, adopted November 17, 2005, the City Commission approved the zoning application submitted by Mully SB, LLC. ("Applicant") for the transfer ofTDRs in the amount of 42,368 square feet of floor area and 2 dwelling units; and WHEREAS, the Applicant agrees to purchase TDRs in the amount of 42,368 square feet of floor area and 2 dwelling units from the City's Transfer Development Rights Bank as established pursuant to Ordinance No. 2004-218 for a development project commonly known as Da Vinci; and WHEREAS, pursuant to Section 265-23.4 (b) of the City Code, the City Commission shall consider the acceptance of the appraised land value in the amount of thirteen million two hundred thousand dollars ($13,200,000) for the receiving site, for the purpose of calculating the square foot value of the approved TDRs; and WHEREAS, the City Commission shall consider the acceptance of three million nine hundred fifty-nine thousand seven hundred thirteen dollars and thirty cents ($3,959,713,30) by the Applicant for the transfer of 42,368 square feet of floor area and 2 dwelling units; and WHEREAS, the City's TDR Bank balance will be adjusted to reflect the sale of TDRs to the Applicant to reflect the reduction of 42,368 square feet of floor area and 25 dwelling units; and Mully lDR Page 1 of 3 WHEREAS, the property receiving the TDRs is located at The North 100 feet ofthe South 300 feet of Lot 2, Tatum's Ocean Park Subdivision, Lying east of State Road NO. AlA right of way line recorded in plat book 10 page 64. 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 are incorporated herein by reference as if they fully set forth herein. Section 2. Approval of Appraised Land Value. The City Commission hereby approves the appraised land value thirteen million two hundred thousand dollars ($13,200,000) ("Appraised Value"), for the Receiving Site as set forth in the attached appraisal summary. Section 3. Total Payment for TDRs Based on the Appraised Value set forth in Section 2 hereinabove, the City Commission hereby approves the payment of three million nine hundred fifty-nine thousand seven hundred thirteen dollars and thirty cents ($3,959,713.30) by the Applicant for the transfer of 42,368 square feet of floor area and 2 dwelling units from the City's TDR Bank to the Receiving Site generally located at 17141 Collins Avenue pursuant to Zoning Resolution No.05"~..qq. If the Applicant fails to pay the total amount for the TDRs, the City shall retain the development rights for which payment has not been received. Section 4. Deposit. Within three (3) working days of the approval of the Applicant's TDR application and site plan application, the Applicant shall provide the City with a non-refundable deposit in the amount often percent (10%) of the approved purchase price of $3,959,713.30. The total amount of deposit is $ 395,971.00. Failure to pay the required deposit within the three (3) working days of approval of TDR application and site plan application shall result in an automatic voiding of the City Commission approval of the Receiving Site, transfer of TDRs, site plan approval. Section 5. Adiustment to TDR Bank. The Zoning Administrator is hereby instructed to make necessary adjustments to the City's TDR Bank Account to reflect the sale of TDRs to the Applicant, and to make an adjustment to the City's TDR Bank to reflect a decrease of 42,368 square feet and 25 units. Section 7. Authority of the City Manager. The City Manager is hereby authorized to do all things necessary to effectuate this Resolution. Section 8. Effective Date. This Resolution shall become effective upon adoption. Mully TDR Page 2 of 3 PASSED AND ADOPTED this 8th day of Dece . . ATTEST: ", . " ;11" .,' , ,. ~"'A~'" . . .' ,'. (7 " . . ~ ". : I ~ ~ ' Jane A. Hines, City Clerk , ... . APPROVED AS TO FORM AND LEG S FICIENCY: Moved by: flU M~}DrLEt2. Seconded by: GmM\sg\otOfJ< .I~Lcr:.~jA5 Vote: 5-t> Mayor Edelcup Vice Mayor Thaler Commissioner Brezin Commissioner Goodman Commissioner Iglesias v (Yes) V (Yes) ~(Yes) -.1L..(Y es) ~(Yes) _(No) _(No) _(No) _(No) _(No) Mully TDR Page 3 of 3 ~ ~ ~ 00 f-l ::c C-' ...... = f-l Z ~ ~ ~ o ~ ~ Q ~ o = ~ ~ 00 ~ f-l t = ~ ~ = ~~-.::t 000 .................. ......... -.:t-.:to OOC'l .................. ......... C'lC'lL/') .... .... ~ rn p (j ~~ U (j ~ 0 00 ......... ~ u ;#~~8 ;I ."""" C'l ;a~rArA.J ...~ooo O~~~~ L/') o ......... -.:t .... ......... r-- "'0 <l) ..... (f) ;::l ~ < ~ ..,..c U ;,; e ::s o u u < m ... Jl 'a ~::J ............ ~e- m .. ;I m ~ ;I ... ~ f-40 m ~ ... :c~ ~iil ~ ~ m ... ;I ~ ~ = ... 0" f-4en g- ~.~ .. u ... ~ ... Q. cS,::: t.l 0" .den 3~ ... r. ;Ie ~ ~F - ~ ~ Q. > 0 ~ ... o~ -.::t-.::t-.:t 000 .................. ......... C'l L/') 0 ........ C'l .................. ......... .... .... \0 (f) ..... 013 ::l C'l ~ &- (f) C'l .... '-'l .... .... ~ ~ C'$ p.. (f) <l) ~ o ...!:: (/J ~ <l) "'0 "0 (j .....; (f) ..... '13 ::l o o .... ~ &- (f) o -.::t C'l -.6 \0 .... ~ ~ C'$ p.. <l) oB u < N (f) o~ ~ -.:t .... ~ &- (f) C'l 0\ C'l 00 -.::t C'l ~ ~ p.. (f) ;..:::::l o ~ C'$ :::E ~ <l) ~ rri (f) ..... 013 ::l -.:t 0\ ~ &- (f) -.::t .... 0\ C'l~ \0 .... ~ ~ C'$ p.. ..... ~ o ~ ~ C'$ <l) U o ~ o (f) E C'$ (/J ..... ~ <l) ..0 ;.::1 (j -.:i (f) ..... '13 ::l C'l r-- m ... .. ;I = ..-l ..-l -.:t ~ &- (f) .... .... \O~ .... ~ .... .t: 0- m =" \0 11') = N r-- L/') L/') r-- I L/') 00 oEbO C'$C'l :::::l ~ <l) 0 ~ .~ o.E ..... 0 ~ (f) o <l) p....~ o ... "0 ~ ... .. m o Q. ~ o m ... ~ iil L/') ... ;I ~ a Q. o ~~ ~ ~ 0= Lf) o '--.. - <'1 '--.. -.::t '"1j <1.l ...., '" ::i ~ -< ~ ~ ~ en ~ ::t C-' ~ ~ ~ z ~ ~ ~ o ~ ~ ~ ~ ~ o ~ ~ ~ en ~ ~ ~ u ~ ~ f-l Z ;::J o u u < ...., ~ ...., <1.l ..... ..... '" '" 0-. 0 0 <t: O-.Lf) o-'Lf) <1.l0 cr <1.l0 '"1j'--.. '" '"1j'--.. "0 :::!(oo r<'l ...., :::!(oo .... '" '" o - <'1 'E o _ ~ <1.l <1.l o '--.. r-- o '--.. ~ >-. >, _-.::t - ::i _ r-- ... !'t') !'t') 0 !'t') \C 0\ .... 0 0\ <Ii 0 \C \C N 00 \C ~ .... \C Lt') U 00 00 0\ r-- 0 ~ r--;. Lt') Lt') 00 00 = O\~ ~ !'t') ~ 00 r--:' ~ Lt') Lt') \C .... N ~ 00 N 00 Q Lt') Lt') .... r-- !'t') 0 .... N N r--:' r--:' r--:' "..,f ~ N~ "..,f ~ E-t ~ ~ ~ ~ ~ ~ ~ .... '" ...., 'E Q,I ::J u = ::tt .... <'1 0\ 00 .... - 0 Lf) Lt') r<'l N ~ .... r-- !'t') - N <'1 0 '-0 !'t') 0 ~ - ~ !'t') !'t') !'t') N - ~ .c ~ ....; Q ~ 0\ 00 '-0 ~ r--- Lt') Lf) 0 <'1 00 E-t \C - ,g- Lt') 0- r-- '-0 r--- !'t') 0 !'t') '-0 \C Lt') <'1.. !'t') -.::t 00 0- 0\ <'1 \C (/) ~ 0- .r) ~ '-O~ r--:' <'1~ ~ r---~ r--:' ::tt 0 -.::t - N <'1 0\ r<'l \C r<'l N - 0 r--- N r-- - Lt') Lt') Lt') - ~ - N '" ...., "0 'E ~ ::J u ::tt ::l <'1 00 - "'0 r--- - <'1 Q,I - >-- "0 ~ ....; Q ~ <1.l '-0 Q,I r--- Q,I Q,I - u u r--- u u E-t & 0- = '-0 = -.::t = = (/) 0- ~ <'1.. ~ '-O~ ~ ~ -.::t" - - - - - ::tt <'1 ~ r<'l ~ r<'l ~ ~ - ~ ~ ~ ~ :tt 0 '-0 <'1 <Ii r--- 00 '-0 ~ 00 00 00 <'1 - - 0 r--- 00 I I <'1 I I r<'l ......... r<'l r<'l I Lf) Lf) 0 Q,I 0 r--- 0 -.::t 0 0 U 0Lf) 0 0 0 Lf) 0 - = <'1 '--.. <'1 0 <'1 '-0 <'1 '--.. ~ ::tt~ <'1 ::tt::;:;- ::tt~ = ::tt ::tt .... , 0- -d -d 0<'1 0<'1.. "'0 '"1j ~ ",0 ~-.::t "'r--- "" ~ ~ <1.l ~ <1.lr--- 0 O~ 0 0 ~~ p::::- c,j "'0 =- .:: = ~ ~ U 1-4 ~ ..=-g <Ii ~ . Q,I 00' - ~ Q,I u_ -Q,I <Ii ..=< ~~ U< 1-4 <Ii Q,I Q,I ~ u S - ... U <Ii ~ <Ii <Ii .... .... .-tl 00 ~ = ~~ = 1-4 r ~= 8 = N ::l S ~ ~ ~o Q,I 0 .... ';:l Q,lOO = .... ::;g< oo;u t:l.o .~ =u ::l ES ~~ "OLt') 0\C 00 Q,I =r-- ""N U E-t~ ~ Q,I 00 ~Lt') ~N ~ ~~ oo~ ::;g~ ... Lt') E-t 00 .... ys e,. City of Sunny Isles Beach CiNC mission pv4 Nr st Norman Edelcup, Mayor o �m 18070 Collins Avenue Lewis J.Thaler,ViceMayor � SunnyIsles Beach, Florida 33160 Roslyn Bram Commissioner ne G Gerry Goodman,Commissioner \: Danny Iglesias,Commissioner \ , j (305) 947-06061City Hall e\x (305) 947-1606 Fax Chief Fred Maas,Interim CryM oyer Hans Othnor Cry Attorney a r.°N „ (305) 947-2150 Building Deportment Jane 4.limes,Ciry Clerk MEMORANDUM To: The Honorable Mayor aqd City Commission cyFrom: Planning and Zoning Date: December 8,2005 Re: Mully SB. LLC RECOMMENDATION It is recommended that the City Commission approve the proposed resolution for the 'Pransfer of Development Rights (TDRs) from the City TDR Bank. The applicant is requesting the transfer of development rights in the amount 2 dwelling units and 42,368 square feet to be used in the proposed development. The total payment to be received by the City for the purchase of the TDRs is $3,959,713.30. Agenda Item 11 � 0 I Date 12-8 -05-05