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3 <br />Phase III -Program ®esign and Implementation Plan <br />®etailed Summary <br />Key Components <br />TDR Goals & Objectives <br />TDR Implementation Plan <br />Adoption of TDR Ordinance <br />Status <br />Complete <br />Ongoing <br />Upcoming <br />TDR Goals & Objectives <br />Complete <br />Worked with the Board of County Commissioners on Feb. 12, 2007 to identify and prioritize the following: <br />1. Land Preservation Priorities: Focus on agriculturally productive land and land with environmental merit, <br />such as stream buffers, wetlands, watershed supply areas, and natural habitat areas. <br />2. Growth Management Priorities: Encourage denser development where public services can be <br />cost-effectively provided and elevate design requirements for denser development. <br />3. Municipal Participation: Do not rely on municipal participation but allow for it in the future. <br />4. State Enabling Legislation: Rely on existing local government authority to regulate land development <br />rather than waiting for statewide TDR enabling legislation. <br />5. Transaction Process: Allow for administrative approval for most TDR transactions, with provision for <br />Planning Board and/or County Commission approval for unusual or complex situations. <br />TDR Implementation Plan Ongoing <br />A. Program Design Options <br />1. Designate Strategic Rural Areas and Strategic Growth Areas Complete <br />Map boundaries and establish participation eligibility criteria <br />2. Refine Economic Analysis & define TDR credit allocation formulas Ongoing <br />Develop formulas for Strategic Rural Area credits and Strategic Growth Area density <br />bonuses, balance formulas to create a workable market. <br />3. Finalize formulas and other requirements (e.g., design guidelines, etc.) Upcoming <br />B. Administrative Design Options <br />1. Outline how TDR will modify existing development approval process Complete <br />2. Discuss with local developers the administrative and market feasibility for TDR Complete <br />3. Explore use of Development Agreements to streamline TDR approval process Ongoing <br />C. Implementation Plan Ongoing <br />D. Ordinance Development Upcoming <br />Adoption of TDR Ordinance Upcoming <br />Board of County Commissioners will vote following public notice and public hearing <br />