For the purposes of this Chapter, matter in italics is defined in Section 12-10 (DEFINITIONS) and in this Section.

Granting site

Within the Special Hudson River Park District, a “granting site” is a zoning lot, or a portion of a zoning lot, within the areas identified as “A1” or “B1” on the map in the Appendix to this Chapter, upon which development is regulated by contract, lease, covenant, declaration or otherwise to assure compliance with the purposes of this Special District and from which floor area may be transferred. A granting site may only transfer floor area to a receiving site within an area that shares the same letter designation. For example, a granting site within area A1 may transfer floor area to a receiving site within area A2, but not to a receiving site within area B2.

Receiving site

Within the Special Hudson River Park District, a “receiving site” is a zoning lot, within the area identified as “A2”, “B2” or “B3” on the maps in the Appendix to this Chapter, to which floor area of a granting site may be transferred.

Required funds

Within the Special Hudson River Park District, the “required funds” are the specified amount of funds required to effectuate the transfer of floor area, pursuant to paragraph (a) of Section 89-21, set forth in a statement from the Hudson River Park Trust.