Orange County NC Website
Browse       Search
20 <br />receiving areas and determine if there is an <br />adequate amount of credits to form a viable program. <br />2. Assessment of economic market viability for TDR <br />i. Overall market feasibility will be determined <br />through an analysis of the market value of the <br />sending area TDR credits and the market value of <br />the receiving TDR credits (output from the TDR <br />Feasibility Assessment Model). If the value of <br />the sending area TDR' credits is higher than the <br />value of the receiving area TDR credits, the TDR <br />market would be deemed valuable. <br />ii. Explore methods will be explored to fine tune the <br />exchange of sending credits to receiving credits <br />to ensure a sustainable demand for a viable <br />program. <br />D. Assess Issues, Constraints, and Opportunities <br />1. Assess Legal and Administrative Issues, Constraints, <br />and Opportunities <br />2. Assess Financial Issues, Constraints, and <br />Opportunities <br />E. Finalize Feasibility Decision Flowchart <br />F. Explore Implications of TDR for existing programs <br />1. Programs are: <br />a. Lands Legacy / PDR <br />b. County Comprehensive Plan Land Use Element <br />c. Economic Development <br />d. Farmland Preservation <br />e. Joint Planning Agreements <br />f. Orange County/Hillsborough Urban Transition Area <br />Task Force <br />g. Efland/Mebane Small Area Plan Task Force <br />2. The assessment of implications of TDR for each program <br />shall include: <br />a. Gathering program information from Planning <br />Department Staff and through the key person <br />interview process <br />b. Determining how Lands Legacy might work with TDR <br />.and/or how TDR program might work with Lands Legacy <br />c. Provide examples drawn from the TDR case studies of <br />coordination between TDR programs and the relevant <br />type of other program, and, <br />d. Provide an overview of options for how the program <br />might work with the TDR program <br />e. Assess how the work product from the Orange County <br />Rural Enterprise project and the Rural Activity <br />Nodes may function within a TDR program. <br />