Ordinance 2004-193 - Laserfiche WebLink

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resources, historical and archeological resources, preservation of view corridors, concentration of public parking, or provision of educational or other public purpose objective may be achieved through such shifts in the development pattern. 2. 265-23 (2) Definitions: As used in this section, the following terms shall have the meanings indicated: Administrator: shall mean the Planning and Zoning Administrator. Bank Statement: shall mean the statement used to record deposits and withdrawals from the TDR Bank, as herein defined, in accordance with this Section. Comprehensive Plan: The Comprehensive Plan of the City of Sunny Isles Beach, Florida, as adopted October, 2000. LDR: Land development regulations of the City of Sunny Isles Beach, adopted August 15 2003, as the same may be amended from time to time, consistent with the Comprehensive Plan of the City of Sunny Isles Beach. Receiving Districts: Areas within the corporate boundaries of the City that are permitted to receive transferable development rights as defined in the City's Comprehensive Plan. Sending Districts: Any areas within the corporate boundaries of the City that are permitted to transfer development rights as permitted by and as set forth herein. Sever: The removal of a development right from property rights possessed by an owner of real property. The term connotes a removal or separation, in perpetuity, as distinguished from a restriction or limitation, which may be overridden, deleted or is subject to a time frame. Transferable Development Rights: A development right is an appurtenant right of land ownership that has an economic value separate from the land itself, subject to reasonable regulation by local government under its police power, and that may be transferred from the land from which the right is severed (sender site) to another piece of land (receiver site). Once severed, if only a portion of the development rights attributable to a sender site is transferred to a receiving site, the remaining development rights may be deposited in a TDR Bank in accordance with the provisions of this section. Development rights transferred shall be composed of square footage and units and may be made through gift or sale of those units. These rights are sometimes referred to herein as "TDR'S". 3. 265-23.3 Establishment of Sending and Receiving Sites; TDRs Transferred; Fees. a. Establishment of Sender Sites. Any property in any zoning district, upon the approval of the City Commission, in its sole discretion, after a public hearing, may be eligible as a sending 02004-193 Amendment to TDRs Sec. 265-23 2