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Verla Insko: Think Curtis felt that if his land were in rust area, <br />he would have potential to make more money. <br />Bob Strayhorn: We say density, but guess thing that has as much to <br />do with it as anything is restrictions on a piece of property. A <br />lot of things, e.g., water and sewer, could happen to enhance the <br />value of Curtis' land and he is afraid those things will be blocked <br />from him and he will be denied opportunity. <br />Verla Insko: My understanding, Curtis doesn't want to lose value. <br />Bob Strayhorn: Or potential value! <br />Verla Insko: And he feels restrictions may take away from <br />potential value. <br />Bob Strayhorn: Curtis' family has held onto land for a long time <br />with expectation that it will increase in value and he is afraid <br />things will be frozen in time and cut off his opportunities. <br />Verla Insko: Big issue for Curtis seems to be not to lose any <br />current or potential value. <br />Dan Teichman: Don't think Curtis is making erroneous assumption <br />that when you build out land to whatever density it can bear, it is <br />worth more than open space in monetary value. <br />Lee Rafalow: There is a principle in TDR mechanism that says if <br />you are going to get increased value for your land by developing at <br />increased density, then you pay for that. Feels that if Curtis <br />built at 2.5 units per acre, it would probably negatively affect <br />his (Lee) quality of life and property value. By having to <br />preserve open space somewhere else in neighborhood, Curtis would be <br />compensating him (Lee). The Strayhorns could benefit by selling <br />development rights to preserve open space and get essentially <br />market value for their land. <br />David Yelton: Maybe first choice for purchasing rights should be <br />in Stoney Creek area, but if after some time period (three to six <br />months) there was no seller, rights could be bought outside area. <br />Bob Strayhorn: We shouldn't allow 2.5 units per acre if it isn't <br />right. If it is right, then it's Curtis' right. Limiting his <br />rights for your benefit results in you receiving value that's <br />costing you nothing. Where does the community take part? <br />Verla Insko: Request that Lee try to articulate what Bob said. <br />Lee Rafalow: Landowner's rights include the right to profit from <br />changes that occur based on what is happening in the larger area, <br />e.g., creation of EDDs created value for landowners in and near <br />districts. Other point he thought he heard Bob say seemed to <br />