For developments or enlargements located on qualifying transit improvement sites the City Planning Commission may grant, by authorization, an increase in the maximum permitted floor area ratio, up to a maximum of 20 percent or 200,000 square feet of floor area, whichever is less, where a major improvement to a mass transit station is provided.

The provisions of Section 66-513 (Additional rules and limitations, conditions, findings and requirements) shall apply to all developments or enlargements utilizing the provisions of this Section. Additional rules and limitations on bonus floor area are set forth in paragraph (a), conditions associated with the improvement to a mass transit station are set forth in paragraph (b), application requirements are set forth in paragraph (c), the findings that must be met in order for the Commission to grant the authorization, are set forth in paragraph (d), and additional requirements for all applications are set forth in paragraph (e).

The Commission may prescribe additional appropriate conditions and safeguards to enhance the character of the surrounding area.