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<br />and conditions of this Ordinance. <br /> <br />a. City Owned Sender Sites. <br /> <br />With respect to City Owned Sender Sites. all development rights calculated in square <br />footage severed therefrom. shall be deposited in a "bank" more particularly described in <br />section 515,8 herein below from which withdrawals of those rights may be made after <br />purchase by a private developer upon specific approval by the City Commission at a public <br />hearing as described in section 515.7 and in accordance with the other terms of this <br />Ordinance, The Map attached. as Exhibit "A" shall reflect those sites and the units ofTDR's <br />attributable to each site, The Map shall be amended administratively and dated each time <br />transfers are made hereunder. In no case shall the transfer of any TDR's from a City Owned <br />Site currently designated as park sites interfere with the use of those public parks and said <br />parks shall forever remain as public parks. <br /> <br />b. Privatelv-Owned Sender Sites. <br /> <br />~Ofl speeifie apprQ'/al by tae City Commission. The City Commission. at its sole discretion. <br />may approve at a public hearing as described in section 515.7 hereinbelow. a privately <br />owned sender site to allow it to may transfer square footage which shall be utilized either <br />transferred for purposes of computing density or intensity to a receiver sites. provided that <br />upon the initial transfer from privately owned sender sites. such sender sites conveyed to <br />City ownership of site shall remain undeveloped except to be utilized for the <br />accomplishment of a public purpose consistent with the Comprehensive Plan. including. but <br />not limited to. the creation of public parks. plazas and/or open space. the conservation of <br />historic. sensitive. environmental and archeological resources. the protection and <br />enhancement of waterfront. public access corridors not otherwise required by the Land <br />Development Regulations. the erection of public parking garages to serve the town center or <br />the development of public educational facilities and other essential public facilities. <br />including but not limited to recreational. public works. maintenance and operational facilities <br />on the sender site. The foregoing limitation shall not apply to governmental sites designated <br />in section 703.2.2 (d) hereinbelow. as may be amended from time to time. <br /> <br />i. In furtherance thereof. the entire sender site shall be dedicated to public <br />ownership or preserved for any public purpose. Taxes on privately owned <br />sender sites shall be paid by the owner. until actual transfer of such land to <br />the City. The sender site shall be unencumbered. free and clear of any or all <br />liens and mortgages prior to dedication and transfer of said site, The sender <br />site shall be dedicated to the public either by the transfer of fee title to the <br />City or perpetual deed restriction or easement. in a form acceptable to the <br />City. <br /> <br />11. The owner of the sender site will be permitted to bank in accordance with <br />section 515,8 hereunder any remaining rights from the site for a five (5) year <br />period. At the expiration of the five (5) year period. the TDR's shall expire <br /> <br />Amendment of Section 515 <br /> <br />3 <br /> <br />9/2512003 12:28 PM <br />