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<br />D. Transfer of Development Rights (TDR) Programs <br /> <br />-~-~. <br /> <br />What it is: A system adopted by a local unit of government in which landowners in <br />a designated preservation (also called "sending") zone may sell development <br />rights to a broker or land developer, who then uses the purchased rights to <br />increase their allowable building density in another area designated as a <br />" .." <br />recelvmg zone <br />What it accomplishes: A reduction in level of development that occurs in the send- <br />ing zone, thereby serving the purpose of protecting natural areas, agricultural <br />lands, and other open space land values, while compensating landowners who <br />relinquish specified development rights to their property <br />When it may be appropriate: <br />1) When there is high demand for housing or other development in the <br />receiving zone, such that a good market may be expected for the development <br />credits offered for sale by landowners in the sending zone <br />2) When the administering government agency has the resources necessary to <br />set up and oversee the program on an ongoing basis <br />3) When protection from development is sought for a specific geographic area <br />4) When residents residing in the receiving zone are amenable to the increased <br />density such a pian would bring to their area <br /> <br />.~..""". <br /> <br />The basic idea of a TDR program is to steer development toward those areas con- <br />sidered best able to handle such growth-typically areas where utilities, roads, and <br />other public works infrastructure are in place-and away from areas that a commu- <br />nity wishes to shelter from development, such as prime agricultural lands and high <br />quality natural lands. <br /> <br />Though TDR programs vary somewhat in application, here's how they typically <br />work. Two zones are designated within a given geographic area: a preservation, or <br />"sending" area, and a "receiving" area. Landowners who own land in the designated <br />preservation zone are assigned a number of development credits for their property, <br />with the number of credits assigned reflecting the acreage and development poten- <br /> <br />40 <br /> <br />~ <br />4 <br />4 <br /><< <br />C <br />C <br />4 <br />41 <br />4! <br />41 <br />C <br />f <br />41 <br />41 <br />t <br /><< <br />. <br />. <br />. <br /><< <br /><< <br /><< <br /><< <br /><< <br />~ <br />~ <br /><< <br />t <br />4!1 <br />. <br />_J! <br />