18G.10.130 Transfer Process.
A. Development rights may be transferred to more than one receiving site, and a receiving site may accept development rights from more than one sending site.
B. The determination of the number of development rights a sending site has available:
1. Is valid for transfer purposes only;
2. Shall be documented as transferable development rights in a Development Right Certificate; and
3. Shall be considered a final determination not to be revised due to subsequent changes to the zoning of the sending site.
C. Transferable development rights may be transferred, sold, or purchased in whole increments only.
D. Transferring development rights from the County to another jurisdiction shall be completed using the application and review process of the other jurisdiction. The transfer shall be subject to an interlocal agreement with the County, as set forth in PCC 18G.10.120, Interlocal Agreements.
E. The County, together with another jurisdiction, may establish by interlocal agreement general procedures for facilitating and completing transactions to transfer development rights from unincorporated Pierce County to that jurisdiction.
F. Development rights that have been acquired and which have been extinguished by the County, or other qualified agency, are not transferable.
G. Development rights from a County sending site may not be utilized in another jurisdiction without first considering the recommendation of the TDR Technical Oversight Committee relative to the transaction. Further, any such transfer into a participating jurisdiction shall not be allowed if the jurisdiction timely objects, after sufficient notice, through official action of its governing body; provided, the terms of this subsection may be altered by the terms of the participatory interlocal agreement between the jurisdiction and County.