File #: 2003-0337    Version: 1
Type: Ordinance Status: Passed
File created: 7/28/2003 In control: Growth Management and Unincorporated Areas Committee
On agenda: 9/29/2003 Final action: 9/29/2003
Enactment date: 10/9/2003 Enactment #: 14763
Title: AN ORDINANCE related to natural resources; revising the transfer of development rights (TDR) program; amending Ordinance 13733, Section 8, as amended, and K.C.C. 21A.37.100, Ordinance 13733, Section 10, as amended, and K.C.C. 21A.37.110, Ordinance 13733, Section 11, as amended, and K.C.C. 21A.37.120, Ordinance 13733, Section 15, as amended, and K.C.C. 21A.37.160.
Sponsors: Jane Hague, Larry Phillips
Indexes: Natural Resources, Department of
Code sections: 21A.37.100 - , 21A.37.110 - , 21A.37.120 - , 21A.37.160 -
Attachments: 1. Ordinance 14763.pdf, 2. 2003-0337 Hearing Notice, 3. 2003-0337 Notice of Adoption.doc, 4. 2003-0337 Regulatory Note.doc, 5. 2003-0337 Transmittal Letter.doc, 6. Staff Report 8-19-03
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AN ORDINANCE related to natural resources; revising the transfer of development rights (TDR) program; amending Ordinance 13733, Section 8, as amended, and K.C.C. 21A.37.100, Ordinance 13733, Section 10, as amended, and K.C.C. 21A.37.110, Ordinance 13733, Section 11, as amended, and K.C.C. 21A.37.120, Ordinance 13733, Section 15, as amended, and K.C.C. 21A.37.160.
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BE IT ORDAINED BY THE COUNCIL OF KING COUNTY:
SECTION 1. Ordinance 13733, Section 8, as amended, and K.C.C. 21A.37.100 are each hereby amended to read as follows:
Transfer of development rights (TDR) bank -- purpose. The purpose of the TDR bank is to assist in the implementation of the transfer of development rights (TDR) program by purchasing and selling development rights and purchasing conservation easements. The TDR bank may ((purchase)) acquire development rights and conservation easements only from sending sites located in the rural area or in an agricultural or forest production district as designated in the King County Comprehensive Plan. Development rights purchased from the TDR bank may only be used for receiving sites in cities or in the urban unincorporated area as designated in the King County Comprehensive Plan.
SECTION 2. Ordinance 13733, Section 10, as amended, and K.C.C. 21A.37.110 are each hereby amended to read as follows:
Transfer of development rights (TDR) bank expenditure and purchase authorization.
A. The TDR bank may purchase development rights from qualified sending sites at prices not to exceed fair market value and to sell development rights at prices not less than fair market value. The TDR bank may accept donations of development rights from qualified TDR sending sites.
B. The TDR bank may purchase a conservation easement only if the property subject to the conservation easement is qualified as a sending site as evidenced by a TDR certificate letter of intent, the conservation easement restricts development of the sending site in the manne...

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