(A) Criteria for eligibility -
(1) Transfer units in receiving areas must be served within the existing or planned capacity of major infrastructure, including roads, sewer, water, and storm drainage systems.
(2) The higher density resulting from the addition of transfer units in receiving area will not result in a significant change in the basic character of a neighborhood or create a nuisance.
(3) The addition of transfer units in receiving areas will improve development patterns through providing an incentive for development.
(4) The transfer of development rights to any particular receiving area must provide a net public benefit and an overall reduction in cumulative impacts when compared to the alternative of development in both the sending and receiving areas.
(B) Designated receiving areas - All of the land in the following zoning categories designated as receiving areas:
(1) Coastal zone -
(a) R-W-2, townhouses, water-oriented;
(b) R-2-C, low density, multiple-family;
(c) R-3-C, coastal, medium density, multiple-family; and
(d) PUD-C, coastal, planned unit development.
(2) Noncoastal zone -
(a) R2, low density, multiple-family;
(b) R3, garden apartment zone; and
(c) R4, high rise residential.
(C) Other receiving areas - Eligibility for transfer of development rights to potential receiving areas in other zoning categories shall be determined on an individual case basis upon submittal of a special use permit application to the commission.
(D) Exchange rates -
(1) Purchase of one transferable development right from a sending area shall entitle the owner of a receiving site to build one transfer unit.
(2) In all zoning categories which are designated receiving areas, six per acre is the maximum number of transfer units. This maximum ensures that the criteria for receiving areas are met in any transfer of development rights. The number of transfer units to be added to any receiving area in other zoning categories shall be determined by the commission based on the same criteria.
(3) The exchange rate between the Oxnard Shores sending area and residentially zoned receiving areas shall be a maximum of six transfer units per acre in the receiving area for purchase of all the transferable development rights on each individual lot of record in the sending area. The exchange rate between the Oxnard Shores sending area and other receiving areas shall be determined by the commission upon submittal of a special use permit application.
(`64 Code, Sec. 37-6.4.0) (Ord. No. 2006, 2716)