94-093 - Transfer of development rights from granting lots

LAST AMENDED
10/4/1973


#Development rights# from a #granting lot# may be conveyed, or otherwise disposed of:

(a)    directly to a #receiving lot#; or

(b)    to a #person# for subsequent disposition to a #receiving lot# all in accordance with the provisions of this Special District.
        Any #person# may convey interest in all or any portion of such #development rights# to another #person#, but such
        #development rights# may only be used for a #development# on a #receiving lot#.

In transferring #development rights# from #granting lots#, such bonus #floor area# shall not exceed 40 percent of the basic
#floor area ratio# in Areas A, C and E, and shall not exceed 60 percent of the basic #floor area ratio# in Area D, as permitted on
such #granting lots# by Section 94-09 (Special Bulk Regulations), inclusive.