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Orange County Transfer of Development Rights Feasibility Study ? I <br />ORAFI' Economic Feasibility Report <br />converting sending area credits to credits for increasing commercial development <br />within Economic Development Zones or other areas suitable for commercial use. <br />The supply and demand imbalance will be fully addressed in Phase III, Program Design <br />Due to the high variability in the cost of land within the County, it is recommended that <br />the County and participants in the TDR program should consider an appraisal for the <br />development easements on the subject properties. This process is currently used by the <br />County when purchasing conservation easements. An appraisal will help ensure that <br />both buyers and sellers are treated fairly and receive consistent and fair pricing, <br />One potential option to address problems, if any, related to having more Sending Area <br />acreage than exists in Receiving Areas is that the program be structured in phases, The <br />first phase uses targeted sending and receiving areas -the Receiving Area combined <br />with parts of Sending Area Scenarios 2 or 3, Once the County develops experience with <br />the start-up TDR Program, the Program can be expanded to include places in Sending <br />Area Scenario 1. <br />6.7.1006 <br />