HomeMy WebLinkAboutReso 2018-2807 RESOLUTION NO. 2018- 1$°1
A RESOLUTION OF THE CITY COMMISSION OF THE CITY OF
SUNNY ISLES BEACH, FLORIDA, AUTHORIZING THE
TRANSFER OF DEVELOPMENT RIGHTS ("TDRs") IN THE
AMOUNT OF TWENTY SEVEN THOUSAND ONE HUNDRED
FORTY SEVEN (27,147) SQUARE FEET OF FLOOR AREA
("FAR") AND ZERO (0) DWELLING UNITS TO A3
DEVELOPMENT, LLC A/K/A THE ESTATES AT ACQUALINA
FOR THE PROPERTY LOCATED AT 17901 COLLINS AVENUE
FROM THE CITY'S TDR BANK ACCOUNT; DIRECTING THE
ZONING ADMINISTRATOR OR DESIGNEE TO TRANSFER THE
TDRS FROM THE CITY'S BANK ACCOUNT IN ACCORDANCE
WITH ZONING RESOLUTION NO. W-Z• ((95- ; AUTHORIZING
FOR THE ADJUSTMENT AND MODIFICATION OF THE CITY'S
TDR BANK; PROVIDING THE CITY MANAGER AND CITY
ATTORNEY WITH THE AUTHORITY TO DO ALL THINGS
NECESSARY TO EFFECTUATE THIS RESOLUTION;
PROVIDING FOR AN EFFECTIVE DATE.
WHEREAS, by Zoning Resolution No.M•I•(( adopted April 19, 2018, the City
Commission approved the zoning application for a modification of an approved site plan submitted
by A3 Development, LLC. a/k/a The Estates at Acqualina ("Applicant") for the transfer of TDRs
in the amount of Twenty Seven Thousand One Hundred Forty Seven (27,147) square feet of floor
area and Zero (0) dwelling units; and
WHEREAS, the Applicant is required to pay a per square foot price of One Hundred
Twenty Five Dollars ($125.00); and
WHEREAS, the City Commission agrees to accept Three Million Three Hundred Ninety
Three Thousand Three Hundred Seventy Five Dollars ($3,393,375.00) from the Applicant for the
payment of Twenty Seven Thousand One Hundred Forty Seven (27,147) square feet of floor area
and Zero (0) dwelling units of TDRs; and
WHEREAS, the property receiving the TDRs is located at 17901 Collins Avenue, Sunny
Isles Beach and is legally described in Zoning Application No. PZ2018-01; and
WHEREAS, the City Commission wishes to approve the transfer of the TDRs
contemplated herein in accordance with its TDRs ordinance.
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.
A3 Development,LLC a/k/a Estates at Acqualina-City 1 DR Bank Page 1 of 3
Section 2. Authorizing the Transfer of Development Rights. Pursuant to Section 265-23 of the
City Code and in accordance with Zoning Resolution No.a Z•1(o(the City Commission hereby
authorizes the Transfer of Development Rights ("TDRs") in the amount of Twenty Seven
Thousand One Hundred Forty Seven (27,147) square feet of floor area and Zero (0) dwelling units
to A3 Development, LLC. a/k/a The Estates at Acqualina from the City's TDR bank account.
Section 3. Directive to Zoning Administrator. The Zoning Administrator or designee is hereby
directed to transfer the development rights from the City's TDR Bank to A3 Development, LLC.
a/k/a The Estates at Acqualina in accordance with Zoning Resolution No.l'(•Z•1
Section 4. Authorizing the Adjustment and Modification of TDRs. The Zoning Administrator
is hereby authorize to adjust by decreasing the City's TDR bank account by Twenty Seven
Thousand One Hundred Forty Seven (27,147) square feet of floor area and Thirteen (13) dwelling
units.
Section 5. Authorizing Payment Agreement of the Transfer of Development Rights. The
Applicant shall provide the City with a non-refundable deposit in the amount Three Hundred Thirty
Nine Thousand Three Hundred Thirty Seven Dollars ($339,337.50), which is 10%of the approved
purchase price of Three Million Three Hundred Ninety Three Thousand Three Hundred Seventy
Five Dollars ($3,393,375.00) within three (3) working days of the approval of this Resolution. The
remainder of the payment is due prior to issuance of the building permit for the site plan approved
in accordance with Zoning Resolution No. (%•Z•((i.
Section 6. 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 7. Effective Date. This Resolution shall become effective upon adoption.
PASSED AND ADOPTED this 19th day of April, 2018.
George "E ud" Scholl, Mayor
ATT -.T:
It
Maurici• Betanc ir,City Clerk, CMC
A3 Development,LLC a/k/a Estates at Acqualina-City 1 DR Bank Page 2 of 3
APPROVED AS TO FORM
AND LEGAL SUFFICIENCY:
O
Iv,
'a 0, et, City Attorney
Moved by: MIVUSpiLots 4LAotJ
Seconded by: \11 c-C Aiof2 60(,0111
Vote:
Mayor Scholl I (Yes) (No)
Vice Mayor Goldman ✓ (Yes) (No)
Commissioner Aelion ✓ (Yes) (No)
Commissioner Gatto —T/(Yes) (No)
Commissioner Svechin V (Yes) (No)
A3 Development,LLC a/k/a Estates at Acqualina -City TDR Bank Page 3 of 3
4/12/2018 Item Coversheet
fl
SUNNY lS�F
City of Sunny Isles Beach
r 18070 Collins Avenue
_ 1 Sunny Isles Beach, Florida 33160
(305)947-0606 City Hall
P y
S (305)949-3113 Fax
MEMORANDUM
TO: The Honorable Mayor and City Commission
VIA: Christopher J. Russo, City Manager
FROM: Claudia C. Hasbun, Planning and Zoning Director
DATE: 4/19/2018
Transfer Development Rights for the Estates at
• RE: Acqualina
17901 Collins Avenue
PZ2018-01
RECOMMENDATION:
This Resolution is presented for your consideration.
REASONS:
Staff has no objection to the TDRs assignment provided that all
conditions for the Site Plan are satisfied.
The Applicant is requesting to approve the assignment and purchase
of Transfer Development Rights (TDRs) in the amount of 27,147
square feet of development rights and 0 dwelling units with an
adjustment from the City TDRs bank in the amount of 27,147 square
feet and 13 dwelling units.
The City shall consider the acceptance of the appraised land value of
$125.00 per square feet, for a total of $3,393,375.00 for the TDR's
purchase. The Applicant shall provide the City with a non-refundable
deposit in the amount of ten percent(10%)of the approved purchased
price. The total amount of the deposit is $339,337.50. The deposit is
required within the three (3) working days of approval of the Transfer
Development Rights (TDRs)application.
ATTACHMENTS:
Description
Resolution
Transfer Development Rights Application
Letter of Intent (FINAL).
Appraisal Executive Summary Report
Item Number: 10.E.
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