The City’s Transfer of Development Rights Program is a voluntary program that provides property owners an opportunity to sell development rights from their property to the city who then provides another interested party an opportunity to purchase these rights to increase the density of development at another designated location. The seller of development rights still owns the land and can continue using it, although the property is prevented from being further developed through some form of a restrictive agreement on the deed.
The purpose of the revisions being proposed to Chapter 20 of the Land Development Code relate to:
- To clarify the potential land uses of sending sites.
- To advance the requirement that the designation of property as either a sending or receiving site shall set forth in the PDD zoning approval and shall constitute a modification to an existing PDD approval .
- To eliminate the requirement that a future land use map amendment is required to accept land into the city entitlement bank.
The Land Development Review Board reviewed this matter at a special meeting on August 1, 2024 and unanimously approved the proposed changes.