Density may be transferred out of unbuildable areas to buildable areas of a lot provided the following standards are met.
A. Partitions and subdivisions involving density transfer shall be processed under chapter 18.3.9 Performance Standards Option Overlay.
B. A map shall be submitted showing the net buildable area to which the density will be transferred.
C. A covenant shall be recorded limiting development on the area from which density is transferred.
D. Density may not be transferred to properties under different ownership.
E. Density may be transferred only on contiguous lots under common ownership.
F. The density of the buildable area may not be increased to more than two times the permitted density of the underlying zone. Fractional units are to be rounded down to the next whole number.