§ 58-264. Calculation methods for acquisition of development rights.

The following formulas shall be used to compute the amount of land that must be preserved in the sending areas to develop a receiving area:

(1)

Residential:

Total number of proposed residential units in the receiving area (living working) minus the total gross acreage of the area to be developed (excluding the acreage required for the 300-foot rural protection development setback) = Total number of acres to be preserved in the sending areas

Example #1:

Suppose 500 acres in a living working area are to be developed at 14 units per acre (the maximum residential density permitted in a living working area). Therefore, 500 acres × 14 units per acre = 7,000 units to be developed.

7,000 units minus 500 acres (acreage of living working area to be developed) = 6,500 acres to be preserved in the sending areas

One TDR = one acre. Therefore, 6,500 TDRs must be transferred to the receiving area.

(2)

Commercial:

Total square feet of commercial space in the receiving area divided by 2,000 = Total number of acres to be preserved in the sending area

Example #1:

Suppose 30,000 square feet of commercial uses are proposed to be developed in a receiving area: 30,000/2,000 = 15 TDRs

One TDR = one acre. Therefore, 15 TDRs must be transferred to the receiving area.

(Res. No. 07-0912, 4-2-08)