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STRATEGIC GROWTH AND RESOURCE CONSERVATION PROGRAM <br />Final (6.22.2009) <br />Administrative Design Options <br />Option <br />For <br />Against <br />1. Pre - Certification of CA <br />■ Creates a "pool" of <br />■ The baseline <br />Properties <br />known, eligible <br />certification report <br />Should the Orange County staff <br />credits available <br />may have to be done <br />meet with potential CA property <br />when developers <br />all over again if a long <br />owners and certify their <br />come in the door <br />period of time (e.g., <br />properties as being eligible for CA <br />" Reduces pressure on <br />two years) passes <br />Points prior to and unassociated <br />the development <br />between the original <br />with any development action <br />review process by <br />(pre) certification and <br />instead of waiting until the SGRC <br />decoupling the CA <br />the actual credit <br />transaction is initiated by a <br />eligibility from the <br />transaction occurs <br />development action? <br />rest of the <br />■ May create a false <br />transaction process <br />expectation of <br />readiness on the part <br />of the CA property <br />owners <br />2. Property Valuation <br />■ Offers one way of <br />■ Adds additional <br />Should a third -party property <br />helping to ensure <br />complexity and <br />valuation be done to determine <br />some equity of <br />expense to the SGRC <br />an objective value of the <br />credit market value <br />process for both <br />Conservation Area property and <br />Sending and SGA <br />hence the number of credits that <br />interests <br />the (conserved) property is worth, <br />instead of allowing individual <br />negotiations between <br />Conservation Area and Growth <br />Area landowner / developer to <br />set the SGRC credit rice? <br />3. Incentives Through Process <br />■ Initially, this was <br />" Omitting any part of <br />Streamlining <br />identified by <br />the review process <br />Should the County review process <br />developers as a way <br />would raise questions <br />be shortened - probably through <br />of raising more <br />about its validity, and <br />the deletion of the Neighborhood <br />interest in <br />may be perceived as <br />Informational Meeting - for viable <br />participating in a <br />granting development <br />SGRC projects, instead of the <br />SGRC scheme <br />interest favors at the <br />SGRC project following the <br />■ Streamlining <br />expense of residents <br />normal review process? <br />becomes a more <br />and business owners <br />viable option IF <br />■ Should be considered <br />SGRC SGA design <br />after the SGRC <br />standards are part <br />program has been <br />of the required <br />initiated IF transaction <br />process <br />activity is low <br />❑ = Recommended Course of Action <br />(Note that when both "For" and "Against" columns are shaded, it signifies that a compromise between <br />the two options has been recommended.) <br />ORANGE COUNTY, NORTH CAROLINA <br />