No severable development rights shall be exercised in conjunction with the development of subdivision of any parcel of land that is not located in a receiving area. A parcel of land that receives development rights pursuant to this chapter shall be referred to as a "receiver site". The following districts located within the urban area boundary except for land located in the AED zoning overlay designated on the urban area boundary map are hereby designed as receiving areas for purposes of transferring severable development rights:
CIO commercial incentive overlay
Sending areas and receiver sites may be designated on the same lot or parcel, or on separate parcels, whether under the same ownership or common ownership. (Ord. 04-02, 1-6-2004)