The City Planning Commission, on application after public notice and hearing, may authorize the addition of all or any portion of the development rights from a granting lot to the permitted floor area of a receiving lot, provided that:

(a)        the maximum floor area for any development on a receiving lot does not exceed the maximum floor area permitted by Section 94-092 (Maximum floor area ratio);

(b)        the development shall aid in achieving the general purposes and intent of this Chapter as set forth in Section 94-00 (GENERAL PURPOSES);

(c)        the design of the development shall not impair the character of the surrounding area or its future development;

(d)        the distribution of the bulk on the receiving lot permits adequate access of light and air to surrounding streets and properties;

(e)        the traffic created by the development will not create or contribute to serious traffic congestion and will make adequate provisions for unconstrained pedestrian circulation; and

(f)        the requirements set forth in Sections 94-093 (Transfer of development rights from granting lots), 94-12 (Recordation) and 94-13 (Certification) are satisfied.

The Commission may prescribe appropriate conditions and safeguards to minimize adverse effects on the character of the surrounding area.