Section 94-093 - Transfer of development rights from granting lots
Development rights from a granting lot may be conveyed, or otherwise disposed of:
(a) directly to a receiving lot ; or
(b) to a person for subsequent disposition to a receiving lot all in accordance with the provisions of this Special District. Any person may convey interest in all or any portion of such development rights to another person , but such development rights may only be used for a development on a receiving lot .
In transferring development rights from granting lots , such bonus floor area shall not exceed 40 percent of the basic floor area ratio in Areas A, C and E, and shall not exceed 60 percent of the basic floor area ratio in Area D, as permitted on such granting lots by Section 94-09 (Special Bulk Regulations), inclusive.