As long as the TDR units remain with the receiving site for which they were originally purchased, ownership of the site may be transferred. Without the permission of the city, TDR units shall not be transferred from one receiving site to another receiving site. Unless approved by the City Commission, modification of the Development Commitment Agreement, outlined in § 154.105, may be required upon transfer of TDR units.
(Ord. 1458, passed 4-5-12)