Within Subdistrict A, the City Planning Commission may authorize the transfer of floor area from a granting site other than Blocks A, C or D to a receiving site, subject to the general requirements of Sections 104-50 and 104-51, provided the Commission finds that such transfer:

(a)        will permit better site planning; and

(b)        will not unduly increase the bulk of buildings in any block to the detriment of the occupants or users of buildings on blocks outside Subdistrict A.

In granting such authorization, the Commission may prescribe additional conditions and safeguards to minimize adverse effects on the character of the surrounding area.