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30 <br /> Obstacles . <br /> • Determining the amount of stress the land can accommodate will require research and <br /> a qualified staff. <br /> • sprawl and stress on the land can still occur . <br /> If the minimum lot size is set too low , <br /> Examples : Chatham County, NC <br /> 5 . Transfer of Development Rights (TDR) to Create Sending and Receiving Areas <br /> De inition : Transfer of development rights is a system that assigns development rights to <br /> parcels of land and gives landowners the option of using those rights to develop or to sell <br /> their land . TDRs are used to promote conservation and protection of land by giving <br /> landowners the right to transfer the development rights of one parcel to another parcel . <br /> By selling development rights , a landowner gives up the right to develop his/her property, <br /> but the buyer could use the rights to develop another piece of land at a greater intensity <br /> than would otherwise be permitted. Generally, a TDR program sets up sending areas <br /> (location of original development rights that want to promote conservation and reduced <br /> densities) that sell development rights and receiving areas (location where purchase <br /> development rights can be applied, generally areas that can accommodate higher <br /> densities) . <br /> Benefits : <br /> • Helps protect and preserve open space , prime farmland, and other important lands , <br /> and if set up correctly can be done in a contiguous fashion . <br /> • Provides landowners with an alternative to developing their land . <br /> Provides a monetary incentive for landowners to preserve land , while providing the <br /> benefit of added density to developers . <br /> • Generates more investment in targeted growth areas , such as Chapel Hill , Carrboro , <br /> Hillsborough, and Mebane . <br /> Obstacles : <br /> • Requires a qualified staff to administer the program and keep track of all sending and <br /> receiving areas . <br /> • ire i <br /> May require agreements with Chapel Hill, Carrboro , Hillsborough, <br /> and Mebane to increase densities within town boundaries , and perhaps require the <br /> creation of urban growth boundaries . <br /> • Approval would need to be obtained from the NC General Assembly before <br /> implementing a TDR program . <br /> • The concept is unfamiliar to many citizens and would require a public education <br /> campaign to gain support . <br /> Examples : Montgomery County, MD ; New Jersey Pinelands ; Pennsylvania counties and <br /> cities <br /> CT 1Cnmprehensiva !'lonning l�i�'icparkerlC PL.Ut:',i -Februar;%�Mgmt "f cxds toi Cnnside.ret ion • 'f oni's. dt�c 3 <br />