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14 <br />Final Cane Crock Recommendations <br />October 23, L997 <br />Page 10 <br />(Comnrer r. Orange County's Public Recreation Master Plan identifies the need for a <br />future district pads in Bingham Township. Portions of this prarosal may qualify for state <br />and federal grant programs. OWASA has made Overtures is this direction in the past,) <br />Salty trade„ or ftusfer ofuon- watershed land owned by OWAISA. in Bingham Township <br />to the Orange County Board of Education for use as a new school site if such a <br />transaction were sought by those with appropriate decision - making authority, <br />Accelerated or "front-loaded" funding of OWASA's program for purchasing critical land <br />and conservation easements in the watershed, including the set- ;asise of up to one-third of <br />budgeted land acquisition funds (S150,000 of 5450,000 in FY 9 -8) for easement <br />purchases. <br />Other Recommendations <br />Seek rezoning of the Alamanee County portion of the watershed, which is currently <br />designated for 1 acre residential development; to be consistent with Orange County <br />zoning. <br />Seek consideration by Carrboro, Chapel Hill, and Orange County, for Transfer of <br />Development Rights (TDR) Opportunities for Cane Creek property ownexx. With <br />appropriate enabling legislation, these Jurisdictions could establish higher density <br />"receiving arras" in which developers could exercise development rights (density <br />bonuses) purchased directly fiom property owners is the waiersited. * OWAS& and its <br />Customers would benefit fioom decreased density in the watetshed;.Cane Cre* property <br />owners would benefit from TDR payments is return for additional[ (voluntary) <br />development restrictions; add ia4own developers would benefit through density bonuses <br />ia4esignatod arras. All transactions would remain in the private sector. . . <br />Recommended OWASA Actions <br />Large - o zoning and open space development alone will not achieve fixture water quality goals, <br />but roust be supported by additional open space acquisition by OWASA, as weoll as possible <br />construction and operation of a tributary s unpoundment (miai4ske) on < ^ ^,,,aterpillar or Tom`s <br />CrecL The need for such a facility will ,depend in part on future development activities, <br />specifically the amount of open space development that takes place in coming years, and the <br />actual size of newly subdivided lots.' <br />Land Acquisition: OW,4S,s will need to purchase approximately 1,260 acres of land in addition <br />to the 1, 600 acres already owned in the watershed to meet future water quality goals Based on <br />current land prices, the total cost would be more than $6 million (M7 dollars). <br />17.11 <br />