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(A) (1) In order to preserve the beachfront area of Oxnard Shores as a sensitive resource area and an area needed for public access and recreation, and in order to prevent development subject to geologic hazard, all vacant lots located between the ocean and the first public street, and between Fifth Street and Amalfi Way, are designated as sending areas.
(2) Interim determination of the development rights for a particular sending parcel shall be made by the commission upon application for a transfer of development rights. In any case, no more than six transferable development rights shall be assigned to any single legal parcel. Criteria used by the commission for assignment of transferable development rights to each parcel shall include the buildability of the parcel, lot size, existing zoning, exposure to wave runup and other hazards, and the owner's investment-backed expectations.
(B) Final determination of the development rights on each sending parcel shall be made by the commission upon completion of the requisite analysis of all parcels.
(`64 Code, Sec. 37-6.3.0) (Ord. No. 2006, 2716)