Sell 120,972 square feet of development rights to MB RE Investments

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 120,972.18 Square Feet of Floor Area and Forty Eight (48) Dwelling Units From the City’s Public TDR Bank Account to MB RE Investments, LLC; Authorizing the Planning and Zoning Director to withdraw 120,972.18 Square Feet of Floor Area and Forty Eight (48) Dwelling Units From City’s Public TDR Bank Account and Assigning the 120,972.18 Square Feet of Floor Area to the Property Located at 19051 Collins Avenue; Authorizing the Adjustment and Modifica on of the City’s TDR Bank Account; Providing the City Manager and the City A orney With the Authority to Do All Things Necessary to Effectuate This Resolution; Providing for an Effec ve Date.