Resolution LPA 2004-24 - Laserfiche WebLink

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h) any other agreements required by the Land Development Regulations and this Section or that may be reasonably requested by the City Manager or other .. . revlewmg agencIes. b. Review and Recommendation by Planning and Zoning Administrator. The Planning and Zoning Administrator shall review the application and shall forward its written findings of facts and recommendations to the City Commission together with all site plans. The application shall be subject to the same notice and hearing requirements applicable to zoning applications under the Land Development Regulations. c. Scheduling of Hearing. Prior to the scheduling of a hearing to consider the transfer of development rights to a Receiver Site, all required documentation and all required fees, as described in this Section, shall have been submitted to the City in a timely fashion and reviewed and approved by City staff. d. Review and Approval by City Commission. The City Commission after reviewing the application and the written findings and recommendations of the Planning and Zoning Administrator may, in its sole discretion, approve with modifications or conditions, approve less than the full amount of requested TDRs, in which case the Applicant shall return to the City Commission with revised site plan for its further consideration or deny the application for transfer of development rights. (i) It is understood that until a transfer of development rights is so approved by the City Commission, said TDRs have no intrinsic or inherent value and cannot be considered as a "matter of right" in the valuation of any potential Sender or Receiver Site. Further, such transfers are subject to all the terms and limitations of this Ordinance. It is solely the final approval by the Commission, in its complete discretion, and based on the criteria set forth herein, that gives rise to any value for TDRs. (ii) A resolution authorizing the withdrawal and transfer of TDRs from the Bank must be issued prior to such transfer, but, once adopted, the transfer shall automatically change the TDR Bank Statement to reflect the approved transaction subsequent to the mandatory recording of such resolution by the City in the Official Records of Miami-Dade County, Florida, designed to both evidence and ensure the severance of said zoning rights from Sender Site and the accrual and accumulation of those development rights to the Receiver Sites or deposit of same in the TDR Bank. If the TDRs are purchased directly from the TDR Bank, the procedures set forth in Section 265-23.8a.(iii) shall be followed. The issuance of a resolution approving such transfer shall automatically change the TDR Bank Statement. (iii) The City Commission shall review the application for TDRs based on the following criteria, provided however that approval of the application, in whole or in part, is solely within the Commission's discretion: 02004-218 Amd TORs n Sec. 265-23 9