Agenda - 06-27-2006-7b - Laserfiche WebLink

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Orange County Transfer of Development Rights Feasibility Study 24 DRAFT Economic Feasibility Report If Orange County determiries that it wishes to proceed with developing a TDR program within the guidelines established in Phases I-II of the TDR Feasibility Study, the following is the recommended process for doing so: 1. Conduct County Commission work session(s) to identify and prioritize TDR goals and objectives; 2. Develop a proposed TDR Plan with significant public and key agency staff involvement; and 3. Adopt the TDR Plan with full public notice, public hearings and vote by County Commission. The County would then be prepared to implement the TDR Plan, including providing adequate resources for both the initial launching and ongoing operation of the TDR program. While the first and third steps are each critical to the successful completion of the process, the majority of the Phase III work will occur in step 2 above, "Develop a Proposed TDR Plan," and is outlined in more detail below. Step 2 begins with the goals and objectives specified for the TDR program by the County Commission, and it ends with a proposed TDR Plan ready for final public review and comment prior to a vote on its adoption by the County Commissioners. The proposed TDR Plan consists of these main components: Goals and Objectives for the proposed TDR Program; The Program Design elements of the proposed TDR Program; The Administrative Design elements of the proposed TDR. Program; Evaluation measures for the proposed TDR program; Proposed TDR ordinance language; and Estimated staffing and other resource costs associated with the launching and ongoing operation of the proposed TDR program. Here is the recommended process for Phase III's Step 2, "Develop a Proposed TDR Plan": 2A. Select Program Design Options Conduct an in-depth economic valuation assessment on Receiving Area design options; to include more detailed information on valuation on properties and tax assessment data Planning Board and key departments staff work session(s) to prioritize Program Design options based on compatibility with existing programs and initiatives and fit with TDR goals and objectives Task Force provides input into selection of Program Design options based on economic feasibility results and fit with TDR goals and objectives Consultants make recommendations in consultation with Planning Staff on selection of Program Design options based on all of the above considerations 6.72006