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mmm <br /> 46 <br /> limited use of TDR. It was not adopted . Should TDR be <br /> permitted it would require extensive work prior to being <br /> established and continuous administration during actual <br /> implementation . <br /> Use of a TDR program in the Rural Buffer would involve <br /> rezoning the Rural Buffer to extremely low density, <br /> something like one dwelling unit per 10 acres or 25 <br /> acres . Development rights as a saleable commodity would <br /> be created and assigned to land so restricted . Owners <br /> of these rights would be able to hold or sell them in <br /> the same manner that other land rights such as mineral <br /> ✓ ights may be held or sold . A market for development <br /> ✓ ights would be created by designating "receiving <br /> areas" . These are areas where land can be developed at <br /> densities higher than that permitted by zoning through <br /> acquisition of development rights. An example: A 10 <br /> acre parcel in a receiving area zoned for one acre lots <br /> could be developed at one-half acre lots through pur- <br /> chase of development rights for 10 dwelling units. <br /> As indicated above, TDR has many desirable features. <br /> - It achieves the Rural Buffer . <br /> Property owners are compensated for restrictions on <br /> use of their land . <br /> - Very low densities reduce the potential for water <br /> pollution and the eventual need for public water <br /> and sewer. <br /> - Higher density housing created through transferred <br /> development rights should be lower in price and <br /> therefore more affordable. It should also reduce <br /> future tax liability . <br /> - By creating "receiving area" development is <br /> directed in a predetermined manner rather than <br /> uncontrolled " leap frog" development. <br /> The TDR concept functions best in areas where there is <br /> intense development activity . A high level of activity <br /> creates a market for development rights establishing TDR <br /> as a desirable part of the, development process . If TDR <br /> is to function successfully in Orange County it will be <br /> necessary to include the high growth area around Chapel <br /> Hill and Carrboro. It may also be necessary to expand <br /> the concept to a regional basis to include the Research <br /> Triangle Park area . <br /> Other Measures With Limited Use Potential <br /> Adequate Public Facilities <br /> The premise for use of this growth management measure is <br />