94-12

Recordation

At the time of transfer of development rights from a zoning lot, there shall be recorded in the land records and indexed against such granting lot from which floor area is removed, an instrument removing such floor area and prohibiting construction on such lot from which the floor area is taken, of any building or other structure which would contain a floor area in excess of that still available to the zoning lot after deducting the floor area removed. Such prohibition shall be non-cancelable for 99 years and, at the time of the addition of development rights to a receiving lot as provided in Section 94-094 (Authorization provisions for transfer of development rights to receiving lots), there shall be recorded in the land records and indexed against such zoning lot to which floor area is added, an instrument transferring the floor area to the receiving lot benefited. A certified copy of such instruments shall be submitted to the City Planning Commission upon recordation thereof.

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