Authorize $17.2M transfer of development rights for Collins Avenue tower phase

A Resolution of the City Commission of the City of Sunny Isles Beach, Florida, Authorizing the Transfer of Transferable Development Rights TDRs From La Playa Beach Associates, LLC to La Playa 2, LLC, in the Amount of 137,977.26 Square Feet of Floor Area and 58 Dwelling Units, Represen ng a TDR Value of $17,247,158.00, for the Phase II/North Tower Por on of the Approved Project on the Property Located at 18801 and 18805 Collins Avenue; Providing the City Manager With the Authority to Do All Things Necessary to Effectuate This Resolution; Providing for Severability; Providing for Repealer; Providing for an Effec ve Date.