HomeMy WebLinkAboutTransfer Development Intensity presentationTown Council Hearing
Proposed Transfer of Development
Intensity (TDI) Ordinance
Town Council Hearing –January 23, 2017
4. Incentives
To Incentivize Implementation of
the Comprehensive Plan, Bonus
accrued to the party who:
A.Sets aside Public Land = Parks, Trails,
Open Space in accordance with the
Comp Plan.
B.Sets aside site for a Public Facility = Fire
Station, Public Museum, Library, Public
School, etc. that the Town seeks.
C.Preservation of Landmark Landforms =
major promontories or other natural
features.
D.(Pg. 8): 15% bonus when Public Land Set
Aside is Open Space and advances
Westlake Academy Plan.
Town Council Hearing –January 23, 2017
Section 6, E: When the applicant for a Severance or a Transfer supports the Westlake
Public Art Program in any of the following ways, the applicant shall qualify for a bonus
under this bonus Section:
a.When the applicant is a sponsor of a Public Art Competition Event and assumes
the financial costs thereof (including prize awards), that applicant may receive a
bonus at transfer of the Severed Development Intensity equal to 15% of the
Severed Intensity or an additional 15% bonus added to any bonus received in
accordance with item “C” or “D”, above (whichever constitutes the larger bonus
benefit).
b.When the applicant donates to the acquisition of Public Art or acquires Public Art
for the benefit of the Town and that acquisition is approved and supported by the
Town Manager, or designee, and the value of that acquisition is equal to, or
greater than, the normal cost of sponsoring a “Competition Event” (described in
“a.” above); that applicant may receive a bonus at transfer of Severed
Development Intensity equal to 15% of the Severed Intensity or an additional 15%
bonus added to any bonus received in accordance with item “C” or “D”, above
(whichever constitutes the larger bonus benefit).
4. Incentives
Town Council Hearing –January 23, 2017
4. Incentives
Development
Intensity
Bonus
Town Council Hearing –January 23, 2017