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<br />limitations of this Ordinance. It is solely the final approval by <br />the Qtt.. Commission, in its complete discretion, and based on <br />the criteria set forth herein, that gives rise to any value for <br />TDRs. <br /> <br />W.!11:-A resolution authorizing the withdrawal and transfer of TDRs <br />from the TDR Bank must be issued prior to such transfer, but, <br />once adopted, the transfer shall automatically change the TDR <br />Bank Statement to reflect the approved transaction subsequent <br />to the mandatory recording of such resolution by the City in the <br />Official Records of Miami-Dade County, Florida, designed to <br />both evidence and ensure the severance of said zoning rights <br />from Sender Site and the accrual and accumulation of those <br />development rights to the Receiver Sites or deposit of same in <br />the TDR Bank. If the TDRs are purchased directly from the <br />TDR Bank, the procedures set forth in Section 265- <br />23.8a.(iii)7(a)(2) 6(a)3 shall be followed. The issuance of a <br />resolution approving such transfer shall automatically change <br />the TDR Bank Statement. <br /> <br />(fHBlh The City Commission shall review the application for <br />TDRs based on the f{)llowingthe following criteria, provided <br />however that approval of the application, in whole or in part, is <br />solely within the City Commission's discretion: <br /> <br />a}- The project is consistent with the Comprehensive Plan and <br />will not reduce the levels of service set forth in the plan. <br /> <br />b}- The project is consistent with the intent of this Ordinance <br />entitled "Purposes and Applicability." <br /> <br />c}- The project meets all other criteria set forth in the LDRs. <br /> <br />d}- The transfer of development rights is desirable on the <br />indi',idual R.Feceiver Ssite being considered for purposes of <br />enhancing overall development. <br /> <br />e}- The development on the receiving site shall be designed to <br />produce an environment of desirable character and harmony <br />with the neighborhood, resulting in a superior quality of <br />development and open space relationships with high standards <br />for recreational and parking areas. <br /> <br />e. _Recording of Documents. Prior to issuance of a building permit, <br />documentation evidencing the transfer shall be recorded against the <br />titles to both the sending and receiving sites, as may be applicable, in <br /> <br />02004 218 .^.md TDRs See. 26S 23U :\Citv Clerk\Ordinances\Drafts\Draft 0200S- TDR Amend 02004-218 Marked 14 <br />2nd Rdg.docU:\u^.TTORNEY\Assilffiffients\200S\AOS Reyisioas to Ordinance No 2004 218 (TDR Ordinance)\w02 <br />TDRameadedorainiance changes 5 9 05 SheIley.docC:\DoeHments aad Settincs\shelley\Local Settings\Temoorarv <br />Internet Files\OLK98\w02 TDRamendedordiniance chances 5 90S.aocU:\.\TTORNEYlu^.3Silmments\200S\AOS <br />Revisitlns to Orainancc No 2004 218 (TDR OrdiHaneel\wQ2 TDRamendedor.ainiance chances EN'" S 5 <br />05.docC:\Documents and Set:tincs\Home I \My Documems\Shelley\TDRitfRendedordiniance chans:es.doc <br />