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<br />(ii) Parking a1'ld all other requirements of the LDRs shall be required in <br />accordance \-vith any additional density acquired through tlle transfer of <br />development rights. If a property ov;ner of a Receiver Site aT/ails itself of the <br />parking buy down provided in Section 265 16A(2) (b), that calculation shall <br />be made on the base zoning plus bonuses but shall not include TDRs. <br /> <br />(iii) ,^,JI TDR's purchased or transferred shall be used '.vithin 21 m01'lths from the <br />date of rendition of the authorizing City Commission resolution, or all such <br />TDR's shall thereafter be fully extinguished and there shall be no refunds <br />from the City. <br /> <br />(iv) The transf-er of development rights to a recelvmg site ,tlill not decrease <br />required open space, buffers, setbacks or cause a request for variances or any <br />other adverse impact to surrounding site or increase allO'tvable height, if <br />applicable. <br /> <br />(v) No property upon \-vhich a prior zoning approyal was granted may apply for <br />transferable development rights unless a site plan application is made for the <br />entire site. <br /> <br />(vi) In no eyent shall a site plan on a Receiver Site be approved 't...ith any structure <br />exceeding 550 feet stories in height. <br /> <br />5.Secti68 265 23.6 <br /> <br />Land Ineligible for Consideration as Receiving Sites. <br /> <br />No transferable development rights shall be assigned or transferred to any <br />land outside the TO'l/ll Center, Business District abutting Collins ^ venue and <br />the Mixed Use High Density resort zoning districts'! or for any land '?lhich has <br />received a density or floor area variance. <br /> <br />7. Section 265-23.-1-6S <br /> <br />Procedures Pertaining to the Approval of Development Rights For Use on <br />a Potential Receiving Site. <br /> <br />a. Application:.-..---No Receiver Site, or site plan on that Receiver Site, <br />may be approved by the City Commission unless a Sender Site has <br />been first been identified and approved by the City Commission, and <br />(i) 6f the owner of the Receiver Site commits to purchase TDRs from <br />the City in accordance with Section 265-23.4(b) above, or (ii) the <br />owner of the Receiver Site commits to purchase TDRs already <br />deposited in the TDR Bank from a privately--owned Sender Site. The <br />formal approval by the City Commission of the transfer of the TDRs <br /> <br />0200~ 218 Amd TORs See. 265 23U:\Citv Clerk\Ordinances\Orafts\Oraft 02005- TOR Amend 02004-218 Marked II <br />2nd Rd~.docU:\ATTORNEY'u^.ssignments\2005\j\05 ReyisioHS to OrdinaHee Ne 200~ 218 (TOR Ordinanee)\Y/02 <br />TORamenaedordinianee changes 5 9 05 Snelley.docC:\OocHm8nts aaa Settinl?s\snelley\Loeal Settiae:s\Temporarv <br />Internet Files\OLK98\w02 TORameadedordinianee enaages 5 905.doeU:'u\TTORNEY'u^.ssigHmeRts\2005\:\05 <br />Reyisions to Orainaase No 200~ 218 (TOR Ordinance)lm02 TDRamendedordinianee ehanges EN'.\' 5 5 <br />05.docC:\DoeHments and Settings\Home I \My Oocumeflts\Snelley\TORamendedordiniance changes. doc <br />