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Agenda 12/13/2022 Item #16A 5 (Ordinace amending the LDC to eliminate the $25,000)12/13/2022 EXECUTIVE SUMMARY Recommendation to direct staff to advertise and bring back for a public hearing, an Ordinance amending the Land Development Code, to eliminate the $25,000 minimum value of the Transfer of Development Rights Base Credit in the Rural Fringe Mixed-Use Zoning Overlay District. OBJECTIVE: To direct staff to advertise and bring back for a public hearing, an Ordinance amending the Land Development Code (LDC), to eliminate the $25,000 minimum value of the Transfer of Development Rights Base Credit in the Rural Fringe Mixed-Use Zoning Overlay District (RFMU District). CONSIDERATIONS: In June 1999, the State of Florida issued a Final Order, Case ACC-99-002, determining the County’s Evaluation and Appraisal Report-based amendments to the Growth Management Plan (GMP) were not in compliance with State law based upon finding that included that the amendments did not provide adequate protection for listed species and their habitat, did not prevent the premature conversion of agricultural lands to other uses, and did not adequately curtail urban sprawl. The Final Order pertained primarily to lands designated Agricultural/Rural on the Future Land Use Map of the GMP. To address the Final Order for the Agricultural/Rural Lands, generally located east of Collier Boulevard and west of Golden Gate Estates, the County developed the Rural Fringe Mixed Use District (RFMUD), adopted in 2002. The RFMUD directs development away from environmentally sensitive lands (Sending Lands) to lands that are more appropriate for development (Receiving Lands). For Sending Lands, numerous land uses were eliminated, and density reduced. To compensate for presumed reduction in property values caused by the elimination of uses and reduction in density, a voluntary Transfer of Devel opment Rights (TDR) program was established to allow owners of Sending Lands to sever residential development rights which could then be sold and transferred to Receiving Lands. There are four types of TDR credits, a base credit and three bonus credits (ea ch at a transfer ratio of 1 credit/5 acres or legal non-conforming parcel). The Board established a minimum value of $25,000 for the base TDR credit to adequately compensate property owners. To address the community’s general concerns about the effectiveness of the Program, the Board directed the restudy of the RFMUD in 2015. As part of the restudy, staff conducted public outreach, including six public workshops, a dedicated project web page, and survey, all of which were overseen by the Growth Management Oversight Committee (members of the public appointed by the Board of County Commissioners per Resolution No. 15-224). Recommendations from those outreach efforts included the elimination of the minimum value of the Base TDR Credit. In 2016, staff prepared a white paper detailing the assessment of the RFMUD and TDR Program, recommendations, and public input. In 2017, staff presented the white paper to the Board at three public workshops; direction was provided to staff to remove the minimum value of the TDR Base Credit from the RFMUD provisions. On September 25, 2018, the Board directed staff to prepare Growth Management Plan and Land Development Code amendments to the RFMUD, including the removal of the minimum value of $25,000 for the Base TDR Credit to allow the market to determine the value. DSAC RECOMMENDATION: The Development Services Advisory Committee (DSAC) reviewed the amendment on September 7, 2022, and recommended approval. On December 15, 2020, the DSAC-LDR Subcommittee recommended approval of this LDCA, contingent upon staff modifying the narrative to include a reference to the Growth Management Oversight Committee’s (GMOC) participation in the RFMUD Restudy; and, providing confirmation that the proposed LDCA does not constitute a regulatory taking. Staff modified the narrative to add the requested reference to the GMOC. As noted in the background section of this amendment, the RFMUD was adopted by the Board in 2002 with the established minimum value of $25,000 for the Base TDR Credit. Subsequent to adoption, the RFMUD was amended to provide Sending Lands owners the opportunity to receive three (3) additional bonus TDR Credits at market rate. The initial Base TDR Credit was valued at $25,000 to provide compensation for the presumed loss in value based upon the reduction in density, elimination of numerous land uses and significant increase in native vegetation retention requirements. The additional bonus TDR Credits added to the TDR Base Credit (at market rate) provide the 16.A.5 Packet Pg. 557 12/13/2022 potential for a greater compensatory value, depending on property location, than was intended at the outset of the RFMUD TDR Program. CCPC RECOMMENDATION: The Collier County Planning Commission reviewed the amendment on November 3, 2022, and recommended approval. FISCAL IMPACT: The cost associated with advertising the Ordinance amending the Land Development Code are estimated at $1,008.00. Funds are available within Unincorporated Area General Fund (111), Zoning & Land Development Cost Center (138319). LEGAL CONSIDERATIONS: This item is approved as to form and Legality. Board direction requires a majority vote for approval. (HFAC) GROWTH MANAGEMENT IMPACT: There is no growth management impact associated with this action. RECOMMENDATION: To direct staff to advertise and bring back for a public hearing, an Ordinance amending the LDC. Prepared by: Eric L. Johnson, AICP, LDC Planning Manager, Zoning Division ATTACHMENT(S) 1. PL20200002482 - RFMUD TDR Change Draft Ordinance (11-07-2022) (PDF) 2. PL20200002482 - RFMUD TDR Change LDCA (11-09-2022) (PDF) 16.A.5 Packet Pg. 558 12/13/2022 COLLIER COUNTY Board of County Commissioners Item Number: 16.A.5 Doc ID: 23709 Item Summary: Recommendation to direct staff to advertise and bring back for a public hearing, an Ordinance amending the Land Development Code, to eliminate the $25,000 minimum value of the Transfer of Development Rights Base Credit in the Rural Fringe Mixed-Use Zoning Overlay District. Meeting Date: 12/13/2022 Prepared by: Title: Planner, Principal – Zoning Name: Eric Johnson 10/19/2022 4:23 PM Submitted by: Title: Zoning Director – Zoning Name: Mike Bosi 10/19/2022 4:23 PM Approved By: Review: Zoning Mike Bosi Division Director Completed 10/20/2022 7:37 AM Growth Management Department Diane Lynch Growth Management Department Completed 11/07/2022 12:55 PM Growth Management Department Eric Johnson Transportation Skipped 10/19/2022 4:23 PM County Attorney's Office Derek D. Perry Additional Reviewer Skipped 11/16/2022 1:28 PM County Attorney's Office Heidi Ashton-Cicko Additional Reviewer Completed 11/17/2022 1:21 PM Growth Management Department James C French Growth Management Completed 11/23/2022 3:59 PM County Attorney's Office Jeffrey A. Klatzkow Level 3 County Attorney's Office Review Completed 11/28/2022 10:10 AM Office of Management and Budget Laura Zautcke Additional Reviewer Completed 11/28/2022 1:52 PM Office of Management and Budget Debra Windsor Level 3 OMB Gatekeeper Review Completed 12/01/2022 8:36 AM County Manager's Office Amy Patterson Level 4 County Manager Review Completed 12/05/2022 2:53 PM Board of County Commissioners Geoffrey Willig Meeting Pending 12/13/2022 9:00 AM 16.A.5 Packet Pg. 559 DRAFT Ord. 11-7-22 [22-CPS-02267/1752949/1] 25 Page 1 of 6 Words struck through are deleted, words underlined are added 11-07-22 ORDINANCE 2022 - ____ AN ORDINANCE OF THE BOARD OF COUNTY COMMISSIONERS OF COLLIER COUNTY, FLORIDA, AMENDING ORDINANCE NUMBER 04-41, AS AMENDED, THE COLLIER COUNTY LAND DEVELOPMENT CODE, WHICH INCLUDES THE COMPREHENSIVE LAND REGULATIONS FOR THE UNINCORPORATED AREA OF COLLIER COUNTY, FLORIDA, TO REMOVE THE $25,000 MINIMUM VALUE OF THE TRANSFER OF DEVELOPMENT RIGHTS (TDR) BASE CREDIT IN THE RURAL FRINGE MIXED USE DISTRICT BY PROVIDING FOR: SECTION ONE, RECITALS; SECTION TWO, FINDINGS OF FACT; SECTION THREE, ADOPTION OF AMENDMENTS TO THE LAND DEVELOPMENT CODE MORE SPECIFICALLY AMENDING THE FOLLOWING: CHAPTER 2 ZONING DISTRICTS AND USES INCLUDING SECTION 2.03.07 OVERLAY ZONING DISTRICTS; SECTION FOUR, CONFLICT AND SEVERABILITY; SECTION FIVE, INCLUSION IN THE COLLIER COUNTY LAND DEVELOPMENT CODE; AND SECTION SIX, EFFECTIVE DATE. [PL20200002482] Recitals WHEREAS, on October 30, 1991, the Collier County Board of County Commissioners adopted Ordinance No. 91-102, the Collier County Land Development Code (hereinafter LDC), which was subsequently amended; and WHEREAS, the Collier County Board of County Commissioners (Board) on June 22, 2004, adopted Ordinance No. 04-41, which repealed and superseded Ordinance No. 91-102, as amended the Collier County Land Development Code which had an effective date of October 18, 2004; and WHEREAS, on March 18, 1997, the Board adopted Resolution 97-177 establishing local requirements and procedures for amending the LDC; and WHEREAS, all requirements of Resolution 97-177 have been met; and WHEREAS, the Collier County Planning Commission, sitting as the land planning agency, did hold an advertised public hearing on November 3, 2022, and reviewed the proposed amendments for consistency with the Comprehensive Plan and did recommend approval; and WHEREAS, the Board of County Commissioners, in a manner prescribed by law, did hold an advertised public hearing on ___________________________, 2022, and did take action concerning these amendments to the LDC; and WHEREAS, the subject amendments to the LDC are hereby determined by this Board to be consistent with and to implement the Collier County Growth Management Plan as required by Subsections 163.3194(1) and 163.3202(1), Florida Statutes; and 16.A.5.a Packet Pg. 560 Attachment: PL20200002482 - RFMUD TDR Change Draft Ordinance (11-07-2022) (23709 : Direction to Advertise LDC Amendment) DRAFT Ord. 11-7-22 [22-CPS-02267/1752949/1] 25 Page 2 of 6 Words struck through are deleted, words underlined are added 11-07-22 WHEREAS, this ordinance is adopted in compliance with and pursuant to the Community Planning Act (F.S. § 163.3161 et seq.), and F.S. § 125.01(1)(t) and (1)(w); and WHEREAS, this ordinance is adopted pursuant to the constitutional and home rule powers of Fla. Const. Art. VIII, § 1(g); and WHEREAS, all applicable substantive and procedural requirements of the law have otherwise been met. NOW, THEREFORE BE IT ORDAINED by the Board of County Commissioners of Collier County, Florida, that: SECTION ONE: RECITALS The foregoing Recitals are true and correct and incorporated by reference herein as is fully set forth. SECTION TWO: FINDINGS OF FACT The Board of County Commissioners of Collier County, Florida, hereby makes the following findings of fact: 1. Collier County, pursuant to § 163.3161, et seq., F.S., The Florida Community Planning Act (hereinafter the “Act”), is required to prepare and adopt a comprehensive plan. 2. After adoption of the Comprehensive Plan, the Act and in particular § 163.3202(1), F.S., mandates that Collier County adopt land development regulations that are consistent with and implement the adopted comprehensive plan. 3. Section 163.3201, F.S., provides that it is the intent of the Act that the adoption and enforcement by Collier County of land development regulations for the total unincorporated area shall be based on, be related to, and be a means of implementation for, the adopted comprehensive plan. 4. Section 163.3194(1)(b), F.S., requires that all land development regulations enacted or amended by Collier County be consistent with the adopted comprehensive plan, or element or portion thereof, and any land regulations existing at the time of adoption which are not consistent with the adopted comprehensive plan, or element or portion thereof, shall be amended so as to be consistent. 5. Section 163.3202(3), F.S., states that the Act shall be construed to encourage the use of innovative land development regulations. 6. On January 10, 1989, Collier County adopted the Collier County Growth Management Plan (hereinafter the “Growth Management Plan” or “GMP”) as its comprehensive plan pursuant to the requirements of § 163.3161, et seq., F.S. 16.A.5.a Packet Pg. 561 Attachment: PL20200002482 - RFMUD TDR Change Draft Ordinance (11-07-2022) (23709 : Direction to Advertise LDC Amendment) DRAFT Ord. 11-7-22 [22-CPS-02267/1752949/1] 25 Page 3 of 6 Words struck through are deleted, words underlined are added 11-07-22 7. Section 163.3194(1)(a), F.S. mandates that after a comprehensive plan, or element or portion thereof, has been adopted in conformity with the Act, all development undertaken by, and all actions taken in regard to development orders by, governmental agencies in regard to land covered by such comprehensive plan or element shall be consistent with such comprehensive plan or element as adopted. 8. Pursuant to § 163.3194(3)(a), F.S., a development order or land development regulation shall be consistent with the comprehensive plan if the land uses, densities or intensities, and other aspects of development are compatible with, and further the objectives, policies, land uses, densities, or intensities in the comprehensive plan and if it meets all other criteria enumerated by the local government. 9. Section 163.3194(3)(b), F.S., states that a development approved or undertaken by a local governmental shall be consistent with the comprehensive plan if the land uses, densities or intensities, capacity or size, timing, and other aspects of development are compatible with, and further the objectives, policies, land uses, densities, or intensities in the comprehensive plan and if it meets all other criteria enumerated by the local government. 10. On October 30, 1991, Collier County adopted the Collier County Land Development Code, which became effective on November 13, 1991. The Land Development Code adopted in Ordinance 91-102 was recodified and superseded by Ordinance 04-41. 11. Collier County finds that the Land Development Code is intended and necessary to preserve and enhance the present advantages that exist in Collier County; to encourage the most appropriate use of land, water and resources consistent with the public interest; to overcome present handicaps; and to deal effectively with future problems that may result from the use and development of land within the total unincorporated area of Collier County and it is intended that this Land Development Code preserve, promote, protect and improve the public health, safety, comfort, good order, appearance, convenience and general welfare of Collier County; to prevent the overcrowding of land and avoid the undue concentration of population; to facilitate the adequate and efficient provision of transportation, water, sewerage, schools, parks, recreational facilities, housing and other requirements and services; to conserve, develop, utilize and protect natural resources within the jurisdiction of Collier County; to protect human, environmental, social and economic resources; and to maintain through orderly growth and development, the character and stability of present and future land uses and development in Collier County. 12. It is the intent of the Board of County Commissioners of Collier County to implement the Land Development Code in accordance with the provisions of the Collier County Comprehensive 16.A.5.a Packet Pg. 562 Attachment: PL20200002482 - RFMUD TDR Change Draft Ordinance (11-07-2022) (23709 : Direction to Advertise LDC Amendment) DRAFT Ord. 11-7-22 [22-CPS-02267/1752949/1] 25 Page 4 of 6 Words struck through are deleted, words underlined are added 11-07-22 Plan, Chapter 125, Fla. Stat., and Chapter 163, Fla. Stat., and through these amendments to the Code. SECTION THREE: ADOPTION OF AMENDMENTS TO THE LAND DEVELOPMENT CODE * * * * * * * * * * * SUBSECTION 3.A. AMENDMENTS TO SECTION 2.03.07 – OVERLAY ZONING DISTRICTS * * * * * * * * * * * D. Special Treatment Overlay (ST). * * * * * * * * * * * 4. Transfer of Development Rights (TDR) * * * * * * * * * * * f. Procedures applicable to the severance and redemption of TDR credits and the generation of TDR Bonus credits from RFMU sending lands. * * * * * * * * * * * ii. In order to facilitate the County’s monitoring and regulation of the TDR Program, the County shall serve as the central registry for all TDR severances, transfers (sales) and redemptions, as well as maintain a public listing of TDR credits available for sale along with a listing of purchasers seeking TDR credits. No TDR credit generated from RFMU sending lands may be utilized to increase density in any area unless the following procedures are complied with in full. * * * * * * * * * * * 16.A.5.a Packet Pg. 563 Attachment: PL20200002482 - RFMUD TDR Change Draft Ordinance (11-07-2022) (23709 : Direction to Advertise LDC Amendment) DRAFT Ord. 11-7-22 [22-CPS-02267/1752949/1] 25 Page 5 of 6 Words struck through are deleted, words underlined are added 11-07-22 a) TDR credits shall not be used to increase density in either non-RFMU Receiving Areas of RFMU receiving lands until severed from RFMU sending lands. TDR credits shall be deemed to be severed from RFMU sending lands at such time as a TDR credit Certificate is obtained from the County. TDR credit Certificates shall be issued only by the County and upon submission of the following: * * * * * * * * * * * v) a statement identifying the prices, or value of other remuneration, paid to the owner of the RFMU sending lands from which the TDR credits were generated and that the value of any such remuneration is at least $25,000 per TDR credit, unless such owner retains ownership of the TDR credits after they are severed, unless the RFMU or non- RFMU receiving lands on which the TDR credits will be redeemed and the RFMU sending lands from which the TDR credits were generated are owned by the same persons or entities or affiliated persons or entities; and vi) a statement attesting that the TDR credits are not being severed from RFMU sending lands in violation of subsection 2.03.07 D.4.c.vi.b) of the Code. vii) documented evidence that, if the property from which TDRs are being severed is subject to a mortgage, lien, or any other security interest; the mortgagee, lien holder, or holder of the security interest has consented to the recordation of the Limitation of Development Rights Agreement required for TDR severance; transfer (sale) of TDR credit; and redemption of TDR credit. * * * * * * * * * * * 16.A.5.a Packet Pg. 564 Attachment: PL20200002482 - RFMUD TDR Change Draft Ordinance (11-07-2022) (23709 : Direction to Advertise LDC Amendment) DRAFT Ord. 11-7-22 [22-CPS-02267/1752949/1] 25 Page 6 of 6 Words struck through are deleted, words underlined are added 11-07-22 SECTION FOUR: CONFLICT AND SEVERABILITY In the event that any provisions of this ordinance should result in an unresolved conflict with the provisions of the Land Development Code (LDC) or Growth Management Plan (GMP), the applicable provisions of the LDC or GMP shall prevail. In the event this Ordinance conflicts with any other Ordinance of Collier County or other applicable law, the more restrictive shall apply. If any phrase or portion of this Ordinance is held invalid or unconstitutional by any court of competent jurisdiction, such portion shall be deemed a separate, distinct and independent provision and such holding shall not affect the validity of the remaining portion. SECTION FIVE: INCLUSION IN THE COLLIER COUNTY LAND DEVELOPMENT CODE The provisions of this Ordinance shall become and be made a part of the Land Development Code of Collier County, Florida. The sections of the Ordinance may be renumbered or re-lettered to accomplish such, and the word “ordinance” may be changed to “section,” “article,” or any other appropriate word. SECTION SIX: EFFECTIVE DATE This Ordinance shall become effective upon filing with the Florida Department of State. PASSED AND DULY ADOPTED by the Board of County Commissioners of Collier County, Florida, this ___ day of ________________, 2022. ATTEST: BOARD OF COUNTY COMMISSIONERS CRYSTAL K. KINZEL, CLERK OF COLLIER COUNTY, FLORIDA By: ________________________ By: ________________________________ , Deputy Clerk William L. McDaniel, Jr., Chairman Approved as to form and legality: ___________________________ Heidi Ashton-Cicko Managing Assistant County Attorney 16.A.5.a Packet Pg. 565 Attachment: PL20200002482 - RFMUD TDR Change Draft Ordinance (11-07-2022) (23709 : Direction to Advertise LDC Amendment) 1 G:\LDC Amendments \Advisory Boards and Public Hearings \BCC\2022\Dec 13\PL20200002482 - RFMUD TDR Change LDCA (11-09- 2022).docx LAND DEVELOPMENT CODE AMENDMENT PETITION PL20200002482 SUMMARY OF AMENDMENT An amendment to LDC section 2.03.07 for the Rural Fringe Mixed Use District to eliminate the $25,000 minimum value of the TDR Base Credit. LDC SECTION TO BE AMENDED ORIGIN Board of County Commissioners (Board) HEARING DATES BCC CCPC DSAC DSAC-LDR TBD 11/03/2022 10/06/2022 09/07/2022 12/15/2020 2.03.07 Overlay Zoning Districts ADVISORY BOARD RECOMMENDATIONS DSAC-LDR Approval with condition DSAC Approval CCPC Approval BACKGROUND In June 1999, the State of Florida issued a Final Order, Case ACC-99-002, determining the County’s Evaluation and Appraisal Report -based amendments to the Growth Management Plan (GMP) were not in compliance with State law based upon finding that included that the amendments did not provide adequate protection for listed species and their habitat , did not prevent the premature conversion of agricultural lands to other uses , and did not adequately curtail urban sprawl. The Final Order pertained primarily to lands designated Agricultural/Rural on the Future Land Use Map of the GMP. To address the Final Order for the Agricultural/Rural Lands, generally located east of Collier Boulevard and west of Golden Gate Estates, the County developed the Rural Fringe Mixed Use District (RFMUD), adopted in 2002. The RFMUD directs development away from environmentally sensitive lands (Sending Lands) to lands that are more appropriate for development (Receiving Lands). For Sending Lands, numerous land uses were eliminated, and density reduced. To compensat e for presumed reduction in property values caused by the elimination of uses and reduction in density, a voluntary Transfer of Development Rights (TDR) program was established to allow owners of Sending Lands to sever residential development rights which could then be sold and transferred to Receiving Lands. There are four types of TDR credits, a base credit and three bonus credits (each at a transfer ratio of 1 credit/5 acres or legal non -conforming parcel). The Board established a minimum value of $25,000 for the base TDR credit to adequately compensate property owners. To address the community’s general concerns about the effectiveness of the Program, t he Board directed the restudy of the Rural Fringe Mixed Use District (RFMUD) in 2015. As part of the restudy, staff conducted public outreach, including six public workshops, a dedicated project web page, and survey, all of which were overseen by the Growth Management Oversight Committee (members of the public appointed by the Board of County Commissioners per Resolution No. 15-224). Recommendations from those outreach efforts i ncluded the elimination of the minimum value of the Base TDR Credit. In 2016, staff prepared a white paper detailing the assessment of the RFMUD and TDR Program, recommendations, and public input. In 2017, staff presented the white paper to the Board at three public workshops; direction was provided to staff to remove the minimum value of the TDR Base Credit from the RFMUD provisions. On September 25, 2018, the Board directed staff to prepare 16.A.5.b Packet Pg. 566 Attachment: PL20200002482 - RFMUD TDR Change LDCA (11-09-2022) (23709 : Direction to Advertise LDC Amendment) 2 G:\LDC Amendments \Advisory Boards and Public Hearings \BCC\2022\Dec 13\PL20200002482 - RFMUD TDR Change LDCA (11-09- 2022).docx Growth Management Plan and Land Development Code amendments to the RFMUD, including the removal of the minimum value of $25,000 for the Base TDR Credit to allow the market to determine the value. DSAC-LDR Subcommittee Recommendation: On December 15, 2020, the DSAC-LDR Subcommittee recommended approval of this LDCA, contingent upon staff modifying the narrative to include a reference to the Growth Management Oversight Committee ’s (GMOC) participation in the RFMUD Restudy; and, providing confirmation that the proposed LDCA does not constitute a regulatory taking. Staff modified the narrative to add the requested reference to the GMOC. As noted in the background section of this amendment, the RFMUD was adopted by the Board in 2002 with the established minimum value of $25,000 for the Base TDR Credit. Subsequent to adoption, t he RFMUD was amended to provide Sending Lands owners the opportunity to receive three (3) additional bonus TDR Credits at market rate. The initial Base TDR Credit was valued at $25,000 to provide compensation for the presumed loss in value based upon the reduction in density, elimination of numerous land uses and significant increase in native vegetation retention requirements. The additional bonus TDR Credits added to the TDR Base Credit (at market rate) provide the potential for a greater compensatory value, depending on property location, than was intended at the outset of the RFMUD TDR Program. FISCAL & OPERATIONAL IMPACTS There are no fiscal or operational impacts associated with this amendm ent. GMP CONSISTENCY The proposed LDCA is consistent with the Goals, Objective and Policies of the Rural Fringe Mixed Use District of the Growth Manangement Plan. EXHIBITS: A) Rural Fringe Mixed Use District Map 16.A.5.b Packet Pg. 567 Attachment: PL20200002482 - RFMUD TDR Change LDCA (11-09-2022) (23709 : Direction to Advertise LDC Amendment) DRAFT Text underlined is new text to be added Text strikethrough is current text to be deleted 3 G:\LDC Amendments \Advisory Boards and Public Hearings \BCC\2022\Dec 13\PL20200002482 - RFMUD TDR Change LDCA (11- 09-2022).docx Amend the LDC as follows: 1 2.03.07 Overlay Zoning Districts 2 3 * * * * * * * * * * * * * 4 D. Special Treatment Overlay (ST). 5 * * * * * * * * * * * * * 6 4. Transfer of Development Rights (TDR). 7 * * * * * * * * * * * * * 8 f. Procedures applicable to the severance and redemption of TDR credits and 9 the generation of TDR Bonus credits from RFMU sending lands. 10 * * * * * * * * * * * * * 11 ii. In order to facilitate the County’s monitoring and regulation of the 12 TDR Program, the County shall serve as the central registry for a ll 13 TDR severances, transfers (sales) and redemptions, as well as 14 maintain a public listing of TDR credits available for sale along with 15 a listing of purchasers seeking TDR credits. No TDR credit 16 generated from RFMU sending lands may be utilized to increase 17 density in any area unless the following procedures are complied 18 with in full. 19 20 * * * * * * * * * * * * * 21 22 a) TDR credits shall not be used to increase density in either 23 non-RFMU Receiving Areas of RFMU receiving lands until 24 severed from RFMU sending lands. TDR credits shall be 25 deemed to be severed from RFMU sending lands at such 26 time as a TDR credit Certificate is obtained from the County. 27 TDR credit Certificates shall be issued only by the County 28 and upon submission of the following: 29 30 * * * * * * * * * * * * * 31 v) a statement identifying the price, or value of other 32 remuneration, paid to the owner of the RFMU 33 sending lands from which the TDR credits were 34 generated and that the value of any such 35 remuneration is at least $25,000 per TDR credit , 36 unless such owner retains ownership of the TDR 37 credits after they are severed, unless the RFMU or 38 non-RFMU receiving lands on which the TDR 39 credits will be redeemed and the RFMU sending 40 lands from which the TDR credits were generated 41 are owned by the same persons or entities or 42 affiliated persons or entities; and 43 44 vi) a statement attesting that the TDR credits are not 45 being severed from RFMU sending lands in 46 violation of subsection 2.03.07 D.4.c.vi.b) of the 47 Code. 48 49 16.A.5.b Packet Pg. 568 Attachment: PL20200002482 - RFMUD TDR Change LDCA (11-09-2022) (23709 : Direction to Advertise LDC Amendment) DRAFT Text underlined is new text to be added Text strikethrough is current text to be deleted 4 G:\LDC Amendments \Advisory Boards and Public Hearings \BCC\2022\Dec 13\PL20200002482 - RFMUD TDR Change LDCA (11- 09-2022).docx vii) documented evidence that, if the property from 1 which TDRs are being severed is subject to a 2 mortgage, lien, or any other security interest; the 3 mortgagee, lien holder, or holder of the security 4 interest has consented to the recordation of the 5 Limitation of Development Rights Agreement 6 required for TDR severance; transfer (sale) of TDR 7 credit; and redemption of TDR credit. 8 9 * * * * * * * * * * * * * 10 # # # # # # # # # # # # # 11 16.A.5.b Packet Pg. 569 Attachment: PL20200002482 - RFMUD TDR Change LDCA (11-09-2022) (23709 : Direction to Advertise LDC Amendment) Exhibit A – Rural Fringe Mixed Use District Map 5 G:\LDC Amendments \Advisory Boards and Public Hearings \BCC\2022\Dec 13\PL20200002482 - RFMUD TDR Change LDCA (11- 09-2022).docx 16.A.5.b Packet Pg. 570 Attachment: PL20200002482 - RFMUD TDR Change LDCA (11-09-2022) (23709 : Direction to Advertise LDC Amendment)