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z <br />b, Development rights may not "float," The transaction must be between a willing, <br />private seller (sending area owner) and a willing, private buyer (receiving area <br />developer). An open market approach is best. <br />c. County municipalities may work to be part of the County TDR program, but at this <br />time, the Ccunty should establish its own TDR program. <br />2, Administrative Design Feasibility <br />a, An initial investment of County Funds will be needed to develop an administrative <br />organization to operate the TDR program. <br />b. Informing and educating stakeholders and the public are critical, <br />c, Performance objectives and measures for program evaluation are recommended. <br />d. TDR program design should be coordinated with other programs and initiatives, <br />3. Economic Feasibility <br />a. Balancing supply (sending area) and demand (receiving area) is critical, <br />b, Sending areas will produce a sufficient supply of TDR credits. <br />c, Appraisals for the conservation easements on sending area properties are <br />recommended to ensure that both buyers and sellers are treated fairly and receive a <br />similar and accurate price. <br />d. Receiving areas are somewhat fixed by public water and sewer, <br />e. Sending areas can vary in location and prioritization is probably necessary to crate a <br />balance between the two. <br />Items 4 and 5 are future considerations if the BOCC decides to proceed to TDR program <br />development: <br />4, Program Design Issues to serve as a Guide for Other Decision Points (Addressed in <br />Phase III) <br />a. Methods of designating sending and receiving areas, <br />b. Sending area participation based on criteria merits or open to all properties, <br />c, Method to establish density bonus criteria. <br />d. Sending area participation incentives. <br />e, Receiving area participation incentives, <br />f, Sending area development restrictions. <br />g, Receiving area small area plan development, <br />h. Re-purchase or re-attachment of sending area development rights, <br />5, Recommendations for Proceeding <br />a. Conduct BOCC work session(s) to identify and prioritize TDR goals and objectives, <br />b, Develop a proposed TDR Plan with significant public and key agency staff <br />involvement, <br />c, Adopt the TDR Plan with full public notice, public hearings and vote by BOCC. <br />Staff, with the assistance of the consultant, has prepared a possible process far the Phase III <br />(Program Design and Ordinance Development). The process is attached for reference. <br />FINANCIAL IMPACT: The accepted bid for Phases I and II is $39,100. The BOCC approved a <br />later amended contract far $44,071.10, The original bid and the revised contract amount are in <br />the fiscal year 2005-06 budget and by virtue of the report, completed, While interviewing <br />consultants for the original contract, the County received written bids to complete Phase III, <br />These bids ranged from $13,055 to $38,830, and may or may not have to be negotiated <br />depending on whether the County proceeds with the original vendor, Berger/UNC-Charlotte <br />Urban Institute. <br />