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<br />other charges, including but not limited to assessments, on an <br />approved Sender Site shall continue to be paid by the owner <br />until the date the title is conveyed to the City. After title to the <br />approved Sender Site has been conveyed to the City in the <br />manner described in this subsection, the City shall authorize <br />the release of the TDR'sTDRs and shall record such release in <br />its records and in the Public Records of Miami-Dade County, <br />Florida, as set forth herein. No use shall be made of the <br />TDR'sTDRs from the approved .s.senderffig .s.site until <br />documentation evidencing such release of TDR'sTDRs has <br />been recorded. <br /> <br />f4-t( 5) Development Limitations on Privately.:-Owned Sender Sites. <br /> <br />The approved Sender Site shall then remain undeveloped <br />forever except as a park. <br /> <br />~(6) Limitation on use ofTDRs from Approved Sender Sites. <br /> <br />The owners, successors, heirs or assigns of approved .s.sender <br />.s.site will-shall be permitted required to bank, in accordance <br />with section 265 23.7.2Section 265-23.6fbt-Lhereunder, aftY <br />all Transfcrable Development Rights TDRs from the .s.sender <br />.s.site. The banked TDRs may be withdrawn only in <br />compliance with the provisions of this Oerdinance within a <br />period of no more than fef--tr-five (5) year~ period from the <br />date of the City Commission meeting at which the subject site <br />was approved as a .s.sender .s.site. At the expiration of the five <br />(5) year period, the TDR'sTDRs from the approved .s.sender <br />.s.site shall expire and become extinguished and unusable. <br /> <br />d. 265.23.4 Establishment of Receiver Sites~f <br /> <br />a. Elie:ible Receiver Ssites. <br /> <br />All property within the Town Center, Business District abutting <br /> <br />Collins Avenue and the Mixed Use High Density/Resort zoning <br /> <br />districts are herewith established as Receiver DistrietsSites. Receiver <br /> <br />Sites (also referred to in this Section 23 as "reeeiviflg sites") may be <br /> <br />developed as otherwise permitted by the Land Development <br /> <br />Regulations, as may be amended from time to time, in combination <br /> <br />with the development rights available to the site, provided that the <br /> <br />overall density achieved is consistent with, and does not exceed, the <br /> <br />overall density and intensity allowable by the Comprehensive Plan and <br /> <br />subject to Section 265.23..s-4-1QLhereinbelowherein below. If an <br /> <br />02994 218 -".ma TDRs Sec. 2e5 23U:\Citv Clerk\Ordinances\Drafts\Draft 02005- TDR Amend 02004-218 Marked 6 <br />2nd Rdg.docU:\u^.TTORNEY\u^.ssignmems\2005\i\05 Re'/isi0f1:S to On:liRanee NEl2001 218 (TDR Orainancel\w02 <br />TDRamencleaordiniance cbanges 5 9 05 Sbellev.doeC:\DEleIUnents and Settings\shelley\Local Settings\TeH'lflorary <br />Internet Files\OLK9&\w02 TDRamendedordinianee changes 5 905.doeU:\i\TTORNEY\u^,ssignmeRts\2005\A05 <br />Revisions to Ordinance No 2004 218 (TDR Ordinanee)\w02 TDRamendedor-diniance ch!lflges EN'}.' 5 5 <br />05.docC:\D0cumeRts and Settin(;s\Home 1 \Mv Doeuments\Shellev\TDRameRdedordiniance changes. doc <br />