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4 <br /> Ranking criteria were selected, points assigned, <br /> and 12 study farms assessed using three <br /> variations. These options are summarized in <br /> Attachments A-C and may be used during the <br /> discussion to provide answers to Question #1. <br /> 2 . Should the full range of funding options be <br /> considered for implementing a PDR program? <br /> A variety of funding options have been used <br /> nationally as well as on a state level. The <br /> Advisory Board's inclination is to examining all <br /> possibilities, including, but not limited to, <br /> the following: <br /> a. Bond Financing; <br /> b. Pay-as-you-go; <br /> c. Sales taxes; <br /> d. Real estate transfer taxes; <br /> e. Impact fees; and <br /> f. Federal/state programs <br /> Some options would require new enabling <br /> legislation or modification to existing local <br /> acts. Examples of the former are sales taxes <br /> and real estate transfer taxes. An example of <br /> the latter is impact fees. <br /> As part of examining each option, consideration <br /> would be given to, among others: <br /> a. Potential for use of installment purchases; <br /> b. Immediate vs. long-term impact (e.g. , <br /> acquisition of large amount of development <br /> rights "up front" vs. acquisition of same <br /> amount over much longer period of time) ; <br /> c. Fiscal impact of farmland preservation (e.g. , <br /> does it save money in the long run to <br /> preserve farmland vs. letting it convert to <br /> residential use?) ; and <br /> d. Who pays for the PDR program (e.g. , urban vs. <br /> rural contributions, future residents vs. <br /> existing residents, etc. ) . <br /> Relate to funding issues is administration of <br /> the program. The Forsyth County model is based <br /> on County administration through inter- <br /> departmental coordination. Advisory Board <br /> recommendation and Commissioners' purchase <br /> approval are essential ingredients. <br />