Sunny Isles Beach Sun, April 13,2009 Edition - Events, Entertainment News - Miami, Fl

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SERVING MIAMI-DADE COUNTY SINCE 1958

Community Newspapers SUN

APRIL 13, 2009

S unny I sles B each

INSIDE THIS

ISSUE GFOA BUDGET PRESENTATION

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NEWEST POLICE ACADEMY GRAD

Operation ‘Conservation/Preservation’ BY BARI AUERBACH

ocused on maintaining prosperity and continually heightening quality of life, the Sunny Isles Beach City Commission has been responding to current economic conditions by formulating innovative strategies to implement “operation conservation/preservation.”

F

TDR PRESERVATION At the March 19 City Commission meeting, an ordinance was approved granting developers an up to 10 year extension to utilize transfer of development rights (TDR’s). City Attorney Hans Ottinot reported, “The real estate crisis has impacted development projects throughout the country. More precisely, the crisis has impacted development in [Sunny Isles Beach] by forcing developers to delay construction of projects that were approved by the City Commission. “The city has been approached by several owners of privately owned development rights (TDR’s) about extensions for the utilization of TDR’s (beyond the five year time frame already allowed). Under the [city’s] current TDR ordinance, private owners are

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• • • • • • • SUNNY ISLES BEACH DEALS

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required to withdraw TDR’s from the TDR bank within five years of approval of a sender site. By adopting this ordinance, the City Commission will create some flexibility in the code to provide extension requests.” Preserving Transfer of Development Rights (TDR’s) can assist Sunny Isles Beach in furthering goals to create more open space and parks while encouraging more activity in the private marketplace. “TDR’s are of great value to the city when they do get used because they become the basis of ongoing property taxes,” Mayor Norman Edelcup said. TDR’s can be defined as “the process by which development rights are transferred from one lot, parcel, or area of land in a sending district (usually where land conservation is sought) to another lot, parcel, or area of land in one or more receiving districts (where property is desired and can be serviced properly). Pertaining to specific parcels in Sunny Isles Beach, if a property owner has no interest in building on the site he owns, he would then have the option of picking up the TDR’s on that property and selling them or transferring them over to another site in the city upon approval of the City Commission. Main TDR sites where land could poten-

tially be donated to the City are the east side of Collins Avenue and the Town Center district on the west side of Collins Avenue from 172nd Street to and inclusive of Sunny Isles Boulevard. The ordinance adopted on March 19 also includes a formula calculating the annual fee developers will have to pay to the city for TDR extensions. Mayor Edelcup explained, “The formula I’ve proposed is to treat TDR’s similar to property values…I’m suggesting a valuation of $30 per square foot for a TDR – commensurate with property values on the west side of Collins Avenue in today’s market. “We would use that valuation of $30 per square foot [multiplied by] the number of TDR’s owned by a person. Then that number would be [multiplied by] the millage rate applied to regular real estate property in the city [currently 2.48]. Giving an example of how the formula works, Edelcup said, “100,000 square feet of TDR’s [multiplied by] $30 per square feet [equals] the valuation of about $3 million. Then, applying the millage rate of 2.48, we come up with an

––––––––––––––––––– See OPERATION, page 2

FAMILY FUN DAY! Are you ready for a fun day? Come and enjoy a day full of games, music and fun for everyone! DATE: Saturday, May 2, 2009 TIME: 2:00 – 6:00 p.m. LOCATION: TOWN CENTER PARK 17200 Collins Avenue

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VOL. 27, NO. 13

Classic Rock and Roll

Don’t miss a special awards presentation for our recreation program participants for basketball, cheerleading and soccer. For information, call CHS Dept. at

305-792-1706


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