Irvine Municipal Code Ch. 8-22 Transferability of Dwelling Units

Subject to Section 8-21-1, the total number of residential dwelling units in Planning Areas 17, 18, 22, 26 and 27 may not exceed 10,600. These dwelling units may be freely transferred by the landowner among the aforementioned planning areas. Any transfer which increases the number of dwelling units allowed in a planning area by more than 15 percent above the amounts designated in Figure A-10 of the General Plan, or greater percentage, may be subject to review as part of the subdivision process. It is the intent of this provision to allow a total of 10,600 dwelling units (except as modified in Section 8-21-1) to be constructed in these planning areas, to be measured cumulatively by actual permits issued.

(Code 1976, § V.E-718; Ord. No. 92-3, 4-14-92; Ord. No. 94-7, § 3, 6-14-94)