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<br />ORDINANCE NO. 2003- 11 cr <br /> <br />AN ORDINANCE OF THE CITY COMMISSION OF THE CITY OF <br />SUNNY ISLES BEACH, FLORIDA, REPEALING SECTION 515 OF <br />THE LAND DEVELOPMENT REGULATIONS, RELATING TO <br />TRANSFER OF DEVELOPMENT RIGHTS; PROVIDING FOR <br />DEFINITIONS; PROVIDING FOR ESTABLISHING OF SENDING <br />AND RECEIVING DISTRICTS AND RIGHTS TRANSFERRED; <br />PROVIDING FOR DENSITY AND INTENSITY CALCULATIONS; <br />PROVIDING FOR THE IMPOSITION OF A DEVELOPMENT <br />LIMITATIONS; IDENTIFYING DISQUALIFIED LAND; PROVIDING <br />THE PROCEDURES PERTAINING TO TRANSFER OF <br />DEVELOPMENT RIGHTS; PROVIDING FOR THE CREATION OF A <br />TRANSFER OF DEVELOPMENT RIGHTS BANK; PROVIDING FOR <br />A REPEALER; PROVIDING FOR SEVERABILITY; PROVIDING <br />FOR AN EFFECTIVE DATE. <br /> <br />WHEREAS, the City Commission has determined that it is desirable planning practice to <br />permit the transfer of development rights from certain locations in the City to other locations which <br />can accommodate growth without increasing the overall amount of permitted development in the <br />City, conditioned upon their specific approval; and <br /> <br />WHEREAS, the issuance of development rights for a particular parcel of land permitting <br />their transfer to other more suitable land can serve to prevent an unconstitutional taking of property <br />rights without just compensation; and <br /> <br />WHEREAS, in permitting the transfer of development rights to a privately owned site in <br />order that the public health, safety and general welfare may be furthered by providing for the <br />preservation of open space, environmentally sensitive areas, and other purposes which serve to <br />implement the Comprehensive Plan. <br /> <br />NOW THEREFORE, BE IT ORDAINED BY THE CITY COMMISSION OF THE <br />CITY OF SUNNY ISLES BEACH, FLORIDA, AS FOLLOWS: <br /> <br />Section 1. <br /> <br />Incor:poration of Recitals. <br /> <br />The recitals stated above are hereby incorporated herein. <br /> <br />Section 2. Amendment of Section 515 of Land Development Regulations. <br /> <br />Section 515 is hereby amended as follows: <br /> <br />1. Section 515.1 is amended as follows: <br /> <br />Amendment of Section 515 <br /> <br />1 <br /> <br />9/24/2003 2:53 PM <br />