(A)   The purpose of this article is to provide a procedure to preserve significant resource areas within the city, maximum public access and recreation at and near the ocean, and control development in potentially hazardous areas by the transfer of development rights from properties in such areas to qualified properties in other parts of the city.
   (B)   The transfer of development rights is found to be a reasonable approach to achieve such purposes for the following reasons:
      (1)   A transfer of development rights system was determined to be feasible in a study entitled “Oxnard Shores Restoration Program Project Feasibility Report,” dated July 18, 1983, and the city council concurs in such determination; and
      (2)   The transfer of development rights program has been incorporated into the Oxnard Shores, beach and development plan and is consistent with the general plan and local coastal program; and
      (3)   The transfer of development rights program will assist the city in implementing its responsibilities under the local coastal program; and
      (4)   The authority to establish a transfer of development rights program is within the scope of the police power granted by Article XI, Section 7 of the State Constitution.
(`64 Code, Sec. 37-6.1.0) (Ord. No. 2006, 2716)