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<br />d) The transfer of development rights from -privately owned sender sites must <br />result in the accomplishment of a public purpose that is consistent with the <br />Comprehensive Plan such as the creation of public -parks. plazas and/or <br />open space. the conservation of historic. sensitive environmental and <br />archeological resources. the protection and enhancement of waterfront <br />public access corridors not otherwise required by the land development <br />regulations. the erection of public parking garages to serve the Town <br />Center or the development of public educational facilities and other <br />essential public facilities. This limitation shall not apply to government <br />sites more particularly described in policy 1i above. <br /> <br />e) Sender sites shall be dedicated to public ownership or preserved for public <br />purpose through a conservation easement or other recordable mechanism. <br />Taxes on privately owned sender sites shall be paid until such dedication <br />or recordable mechanism is executed. <br /> <br />f) Transfers of development rights from privately owned parcels principally <br />for the purpose of aggregating development rights in another privately <br />owned location deemed geographically preferable or more economically <br />advantageous than the sender site shall not be construed as public puroose. <br /> <br />g) All transfers of development rights shall reQuire approval by the City <br />Commission at a public hearing with a finding of consistency with the <br />Comprehensive Plan. <br /> <br />h) The City Manager shall establish a management and accounting system to <br />value. record. and track TDR's. subiect to approval by the City <br />Commission. <br /> <br />Section 2. <br /> <br />The City Clerk is hereby directed to make the appropriate transmittals within ten <br />(10) days after adoption. <br /> <br />Section 3. <br /> <br />This Ordinance shall take effect within ten (10) days after adoption on second <br />reading. <br /> <br />PASSED AND ADOPTED on first reading the <br /> <br />day of <br /> <br />PASSED AND ADOPTED on second reading this _ day of <br /> <br />,2001. <br />, 2002. <br /> <br />David Samson, Mayor <br /> <br />ATTEST: <br /> <br />Richard Brown-Morilla, City Clerk <br /> <br />Amendment to Comp Plan -- Future Land Use <br />LMD:ch <br />10/22/01 --1:10 PM <br /> <br />3 <br />