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relate to the value the community gets out of the existence of open <br />space; one reasonable thing to consider is that the community has <br />to tithe something toward the value received from open space. <br />Bob Strayhorn: Things that have happened in county have not been <br />pleasing to him. Other people have benefitted (employment wise) <br />from being in the Research Triangle area. He and Curtis feel they <br />aren't being allowed to benefit because of potential restrictions. <br />Lee Rafalow: Reference to takings laws; no notion of givings. <br />There is no notion of equity in the system. Only the notion of <br />private property rights in takings laws. Thinks TDR is a good <br />example of how free market can be used to protect everybody's <br />interests because if Curtis wants to have additional value, he has <br />to buy that opportunity. Compensates other people for their loss. <br />Bob Strayhorn: Reference to Stoney Creek subdivision, Colonial <br />Hills, and Wyngate and opportunities afforded by each for residents <br />and property owners. If we change current system need to be sure <br />we change it for the better. The "four corners' at New Hope Church <br />Road and NC 86 have potential value for commercial use. Would be <br />good if there was a value to that and it could be transferred in <br />some way for not using corners. <br />Lee Rafalow: Need to be clear about what I'm saying. Need to do <br />everything in our power to ensure that property value /rights <br />landowners have today are preserved and are compensated whenever <br />they are affected by changes, e.g., his feeling that increased <br />density lowers the value of surrounding property, at least for <br />certain uses. Reference to four corners land. Currently all a <br />person can do is put house there and if someone bought it they <br />would be speculating on County's willingness to change zoning. <br />That is the creation of new wealth when the County does that and <br />that new wealth really belongs to the entire community and entire <br />community should be compensated. <br />Bob Strayhorn: Aren't I creating value for you by keeping property <br />in open space? Road paving and utility lines have been done on his <br />property at his expense; he still pays taxes on these areas. <br />Dan Teichman: Referring to Lee's proposal. Could someone wishing <br />to develop at higher density come to Bob and say I want to purchase <br />development rights on those corners and deed it to Nature <br />Conservancy, etc. Is that creating value for Bob that he couldn't <br />get today unless he sold corners outright? Even TDRs as a tool <br />don't seem to meet Bob's needs. <br />Lee Rafalow: Would argue that TDR plan as currently contained in <br />FDO would eventually lead to strip development at intersection <br />because you will get preservation at fringes of county and infill <br />development elsewhere. Eventually that land would get rezoned. <br />M <br />