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RESOLUTION NO. 2018 - 2-1SfO <br /> A RESOLUTION OF THE CITY COMMISSION OF THE CITY OF <br /> SUNNY ISLES BEACH, FLORIDA, RATIFYING A LAND <br /> DONATION AND TRANSFER OF DEVELOPMENT RIGHTS <br /> AGREEMENT BETWEEN THE CITY OF SUNNY ISLES BEACH <br /> AND NDPRE #14, LLC, A FLORIDA LIMITED LIABILITY <br /> COMPANY FOR PROPERTY LOCATED AT 18500 COLLINS, <br /> SUNNY ISLES BEACH, ATTACHED HERETO AS <br /> ATTACHMENT "A"; AUTHORIZING THE CITY MANAGER <br /> AND CITY ATTORNEY TO nO ALL THINGS NECESSARY TO <br /> EFFECTUATE THIS RESOLUTION; PROVIDING FOR AN <br /> EFFECTIVE DATE. <br /> WHEREAS, the City of Sunny Isles Beach ("City") has adopted a policy initiative to <br /> increase its green space areas by accepting real property in exchange for Transfer of Development <br /> Rights ("TDRs "); and <br /> WHEREAS,NDPRE#14("Owner") is the owner of real property located at 18500 Collins <br /> Avenue, Sunny Isles Beach (the "Property) otherwise known as the Navarro Property; and <br /> WHEREAS, pursuant to a Letter of Intent dated April 19,2018,the Owner agreed to donate <br /> the Property to the City in exchange for TDRs issued to the Navarro Property; and <br /> WHEREAS,the City and Owner have agreed to certain terms and conditions to facilitate the <br /> donation of the Property to the City and the City to sell the TDRs on behalf of the Owner. <br /> NOW THEREFORE, BE IT RESOLVED BY THE CITY COMMISSION OF THE <br /> CITY OF SUNNY ISLES BEACH, FLORIDA, AS FOLLOWS: <br /> Section 1. Ratification of Land Donation and Transfer of Development Rights Agreement. The <br /> • City Commission hereby ratifies the Land Donation and Transfer of Development Rights Agreement <br /> between the City of Sunny Isles Beach and NDPRE #14, LLC, a Florida Liability company, for <br /> property located at 18500 Collins Avenue attached hereto as Attachment "A". <br /> Section 2. Authorization of City Manager and City Attorney. The City Manager and the City <br /> Attorney are hereby authorized to do all things necessary to effectuate the terms of this Resolution. <br /> Section 3. Effective Date. This Resolution will become effective upon adoption. <br /> Ratifying Donation and TDRS 18500 Collins Page 1 of 2 <br />