Sec. 55.209. - Credits to run with the land; Transferability; Development Project Changes.

Water Quality Compensatory Credits transferred pursuant to this Part shall run with and be appurtenant to the development project land. A developer may assign or transfer Credits obtained pursuant to this Part in connection with the sale, assignment or transfer of the development project land. If after the Credit transfer date, the development project changes and the number of Credits necessary for such development decreases, a developer shall not be entitled to receive a Credit reduction or Credit refund payment from the City. If after the Credit transfer date, the development project changes and the number of Credits necessary for such development increases, any appurtenant Credits to the development project land shall be used to meet the Credit requirements necessary for such changed development project. (Ord. 2017-516-E , § 1)