A person or party proposing only to determine the development rights and vest those rights in a certificate of development rights shall apply for TDR sending area land development project approval with the planning commission in accordance with section 21-623.

- (1) A person or party purchasing development rights already vested in a certificate of development rights without landing said rights in a receiving area shall record the purchase with the director of planning and receive an updated certificate of development rights reflecting the change in ownership. Parties may purchase all or a portion of the development rights vested in a certificate of development rights.
- (2) At the time of an application qualifying as a major land development project or a major subdivision, an applicant proposing to land development rights shall appear before the planning commission.
- (3) Any sale, conveyance or transfer of development rights shall apply to whole development rights and not fractions thereof. Fractions of development rights remaining after the landing of development rights has occurred shall be extinguished.

(Ord. No. 08-26, § 3, 10-20-2008)

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