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<br />, <br /> <br />site, subject to the terms, conditions and limitations of this Ordinance. <br /> <br />b. TDRs transferred from_City Owned Sender Sites. <br /> <br />Upon the adoption of this Ordinance, the City shall deposit all development rights (in terms of <br />square footage and units) from its sender sites in the TOR Bank for distribution and transfer in <br />accordance with all of the procedures and limitations of this ordinance except the five year <br />limitation set forth in Sec. 23.3(c)(5) below. <br /> <br />All monies received by the City in connection with the transfer of development rights from City- <br />owned sites shall be utilized for capital improvements only. <br /> <br />. <br /> <br />In no case shall the transfer of any TOR's from a City Owned Site currently designated as park <br />sites interfere with the use of those public parks and said parks shall forever remain as public <br />parks. <br /> <br />c. TDRs Transferred from Privately-Owned Sender Sites. <br /> <br />(1) Application Process. <br /> <br />Owner of prospective sender site shall submit a complete application to the City <br />Planning & Zoning Administrator. A complete application shall include but not <br />be limited to: the applicable fee, names, addresses and signatures of all fee simple <br />owners of the prospective sender site (which shall require disclosure of ownership <br />as more fully set forth in Section 7 (a) of this Ordinance), a current survey, <br />current environmental audit, a deed conveying good, marketable and insurable <br />title and a commitment of title insurance, all in a form acceptable to the City <br />Attorney, and such other materials that staff may reasonably request. Staff shall <br />review the application, prepare written findings and recommendations, and place <br />the application on the City Commission agenda for its consideration at a public <br />hearing. The application shall be subject to the same notice and hearing <br />requirements required by the LOR's for zoning applications. <br /> <br />(2) Public Hearing. <br /> <br />After a public hearing, the City Commission shall determine, in its sole discretion, <br />whether the proposed sending site is acceptable for use by the City, in accordance <br />with the expressed intent of this Ordinance. <br /> <br />(3) Conveyance of Privately Owned Sender Sites to City. <br /> <br />Upon approval by the City Commission the sender site shall be conveyed to the <br />City unencumbered, free and clear of any or all liens and mortgages, after <br />correction of title defects and outdoor code violations, if any and payment of any <br />outstanding fines or fees owed to the City, all in a manner and form acceptable to <br />the City Attorney. All taxes, fees and all other charges, including but not limited <br /> <br />02004-193 Amendment to TDRs Sec. 265-23 <br /> <br />3 <br />