HomeMy WebLinkAboutReso 2011-1811
RESOLUTION NO. 2011- lCO II
A RESOLUTION OF THE CITY COMMISSION OF THE CITY OF
SUNNY ISLES BEACH, FLORIDA, APPROVING A DONATION
OF TRANSFER OF DEVELOPMENT RIGHTS ("TDRS") IN THE
AMOUNT OF EIGHTY ONE THOUSAND (81,000) SQUARE FEET
OF FLOOR AREA AND FORTY TWO UNITS (42) TO GILCO
REALTY, LLC AND/OR 18555 DEVELOPERS LLC FOR THE
PROPERTY LOCATED AT 18555 COLLINS AVENUE;
DIRECTING THE ZONING ADMINISTRATOR OR DESIGNEE
TO DONATE THE AFOREMENTIONED TDRS FROM THE TDR
BANK ACCOUNT OWNED BY THE CITY; AUTHORIZING THE
ADJUSTMENT AND MODIFICATION OF THE 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.I\-Z-/~3, adopted November 17,2011, the City
Commission of the City of Sunny Isles Beach (the "City Commission") approved the zoning
application submitted by Gilco Realty, LLC and/or 18555 Developers, LLC (commonly known
as "Porsche Design Residences") for the transfer of TDRs in the amount of 115,391 square feet
of floor area; and
WHEREAS, the City Commission hereby agrees to donate to 18555 Developers, LLC,
Transfer of Development Rights ("TORs") in the amount of Eighty One Thousand (81,000)
square feet of floor area and Forty Two (42) units for the property located at 18555 Collins
A venue; and
WHEREAS, the City's TOR Bank will be adjusted to reflect the donation of 81,000
square feet of floor area and 42 units to 18555 Developers, LLC for the property located at 18555
Collins Avenue; and
WHEREAS, the property receiving the TDRs is described on Exhibit "A" attached
hereto; and
WHEREAS, the City Commission agrees to authorize the donation of the TDRs
contemplated herein as an incentive for development pursuant to its Charter and Home Rule
Authority.
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.
Gilco Realty. LC TDR Bank
Page 1 of 2
Section 2. Authorizing the Donation of TDRs from the City to Gilco Realty, LLC and/or
18555 Developers, LLC As an incentive for development, the City Commission hereby
approves a donation of transfer of development rights in the amount of Eighty One Thousand
(81,000) square feet of floor area and Forty Two (42) units to Gilco Realty, LLC and/or 18555
Developers, LLC for the property located at 18555 Collins A venue. The TDRs are assignable
and portable by Gilco Realty, LLC and/or 18555 Developers, LLC. The donation of the TDRs is
condition on the approval of the site plan filed by Gi1co Realty, LLC and the donation of land for
mitigation purposes by TRG Sunny Isles VII West, LLC.
Section 3. Directive to Zoning Administrator. The Zoning Administrator or their designee is
hereby directed to donate the transfer of development rights in the amount of Eighty One
Thousand (81,000) square feet of floor area and Forty Two (42) units to Gilco Realty, LLC
and/or 18555 Developers, LLC for the property located at 18555 Collins Avenue.
Section 4. 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 5.
Effective Date. This Resolution shall become effective upon adoption.
PASSED AND ADOPTED this 17th day of November, 2011.
~
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ATTEST:
~~J !\'~~
Ja?e1A. Hines,.pty Clerk
l \
, ~ ...... -.I
APPROVED AS TO FORM
AND G UFFICIENCY:
,/
Moved by: ~~ A-<v-\~A.J
Seconded by: C.e~ ~<-HDLL
Vote: ~-o
Mayor Edelcup
Vice Mayor Thaler
Commissioner Aelion
Commissioner Gatto
Commissioner Scholl
V (Yes)
v{Y es)
0Y es)
k:1Y es)
~Yes)
_(No)
_(No)
_(No)
_(No)
_(No)
GiIco Realty, LC IDR Bank
Page 2 of2
EXHIBIT A
PARCEL 1:
All of GOLDEN NUGGET BEACH CLUB AND HOTEL, a condominium, according to the
Declaration of Condominium thereof, as recorded in Official Records Book 17283, at Page 2579,
as amended, of the Public Records of Miami-Dade County, Florida.
AND:
PARCEL 2:
All of Tract "L" less the South 200 feet thereof and less the North 1 00 feet thereof, of
AMENDED PLAT OF NORTH BISCA YNE BEACH, according to the Plat thereof, as recorded
in Plat Book 44, at Page 42, of the Public Records of Miami-Dade County, Florida, ALSO LESS
AND EXCEPT, those portions thereof that were submitted to condominium pursuant to the
Declaration of Condominium of GOLDEN NUGGET BEACH CLUB AND HOTEL, a
Condominium thereof, as recorded in Official Records Book 17283, at Page 2579, as amended,
of the Public Records of Miami-Dade County, Florida.
Gilco Realty, LC TDR Bank
Page 3 of 4
9862135.2
TO:
FROM:
DATE:
RE:
City of Sunny Isles Beach
18070 Collins Avenue
Sunny Isles Beach, Florida 33160
City Commission
Norman S. Ede1cup, MtfYor
Lewis J. Thaler, Vi'l Mqyor
Isaac Aelion, CommifJioner
Jeanette Gatto, CommifJioner
George "Bud" Scholl, CommifJioncr
(305) 947-0606 City Ilall
(305) 949-3113 Fax
(305) 947-2150 Building [)cpartmmt
(305) 947-5107 Fax
Alan J. Cohen, City Manager
Hans Ottinot, City Allorn~y
Jane A. Hines, CMC, City Clerk
MEMORANDUM
The Honorable City commis;1n{w
Hans Ottinot, City Attorney {Jf<f l)
November 17,2011
Resolution Donating TDRS to Gilco Realty, LLC
RECOMMENDATION:
This Resolution is presented for your consideration.
REASONS:
In light of the current real estate market, the City has adopted several measures to provide
reasonable development incentives for the redevelopment of property on the east side of Collins
Avenue. Based on the adoption of these measures, developers are now filing site plan
applications with the City to build certain projects after a three year hiatus. The City has a desire
to continue to provide development incentives for projects that are consistent with the
development patterns in the City. As such, the City Commission wishes to donate eighty one
thousand (81,000) square feet of Transfer of Development Rights ("TDRs) and forty two (42)
units to Gilco Realty, LLC and/or 18555 Developers LLC for the development project to be
constructed on the property located at 18555 Collins Avenue. Please note that the donation is
condition on the approval of the site plan application filed by Gilco Realty.
As a point of information, the City has a substantial amount of TDRs in its bank account. The
City's current bank account reflects over one million square feet of TDRs. These TDRs were
obtained via the purchase of properties for municipal parks.
/ Attachment
Abb-O~:
Agenda Item
Date
CITY OF SUNNY ISLES BEACH
TRANSFER DEVELOPMENT RIGHTS BANK ACCOUNT REPORT
Development Rights from
City owned properties
Sq.Ft.
1. Golden Shores Park
2. Pelican Community Park
3. Gwen Margolis Park
4. Gilbert Samson Oceanfront Park
5. Porto Bellagio
6. Heritage Park
7. Bella Vista Park
8. Collins Ave. Parkway
9. 287 SIBlvd
10. 151 SIBlvd (RK)
11. 16200 Collins Ave. (plaza Isles)
12. 16100 Collins Ave. (Koslosky)
13. 255 SIBlvd Parking (Milton)
14. Steiger property (16050 Collins Ave)
11,512
166,240
248,292
162,914
131,611
533,200
54,232
11,568
53,905
223,879
89,951
86,095
53,905
74,530
1,901,834
Total
Development Rights used or transferred to
private development from City TDR bank
units
2
100
143
94
72
283
21
6
12
95
50
47
12
41
978
Used Used
Sq. Ft. units
124,991 72
31,266 18
36,477 21
112,905 65
177,262 103
63,820 37
54,385 31
32,759 17
9,757 5
58,500 30
40,000 20
29,403 12
1,869 1
773.394 432
1,128,440 546
1. Fortune Beach
2. S&G Miami Beach
3. Mandalay LLC
4. St Tropez
.5. Trg Sunny Isles
6. Mansiana/Solis
7. Regalia
8. St Tropez II
9. TRG Desert Inn Venture
10. R.K. Associates
11. Plaza Isles
12. SIBlvd Parking (Milton)
13. Urbis & Key Int.
Subtotal
Current Balance of TOR Bank
Updated on November 14, 2011 by C. Hasbun