Purchase of development rights definition

Purchase of development rights means the acquisition of a governmentally recognized right to develop land which is severed from the realty and held or further conveyed by the purchaser.
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Purchase of development rights means the (i) purchase of development rights from an owner of
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Examples of Purchase of development rights in a sentence

  • July 1, 2006.125.3507 Purchase of development rights program; adoption of ordinance; limitations; agreements with other local governments.Sec.

  • Purchase of development rights, easements, or zoning within the breach inundation area downstream from the dam.

  • Purchase of development rights is the act of purchasing and extinguishing development rights associated with a parcel of land, while conservation easements may be sold or donated and may have implications and provisions other than retirement of development rights.

  • Purchase of development rights is also an effective way for farmers or ranchers to reduce debt or property taxes and invest in agricultural operations or retirement.

  • This thesis will look closely at one mechanism 5 These numbers are expressed on an annualized basis, with 2001 values approximately 20 times as large.6 Purchase of development rights (PDR) is a tool that puts land into agricultural conservation easements.

  • Purchase of development rights is however a relatively costly approach, with cost estimates for preserving lands in Tompkins County running between $500 and $1,000 per acre14.

  • Purchase of development rights committee established; powers and duties.

  • Use of informed, strategic planningPopulation growth for increased property tax revenue Purchase of development rights of farmland by Ross Township 3.

  • Purchase of development rights is one of several voluntary, incentive based means for achieving public benefits through private land conservation.

  • Examples include:- Farmland protection;- Conservation easements;- Tax policies (such as credits for tree planting, retention, or easement expenses);- Purchase of development rights; and- Development practices that promote buffer retention (such as density compensations, pollution removal credits for buffers in stormwater management plans, more flexible use of buffer resources, and off-site mitigation or buffer trading within existing regulatory programs).

Related to Purchase of development rights

  • Development rights means any right or combination of rights reserved by a declarant in the declaration to:

  • Development Agreement has the meaning set forth in the Recitals.

  • License Agreement means the agreement between SAP (or an SAP SE Affiliate, or an authorized reseller) under which Customer procured the rights to use SAP Software or a Cloud Service.

  • Sublicense Agreement means any agreement or arrangement pursuant to which Licensee (or an Affiliate or Sublicensee) grants to any third party any of the license rights granted to the Licensee under the Agreement.

  • Stock Purchase Agreement means the agreement between the Company and a Purchaser who acquires Shares under the Plan that contains the terms, conditions and restrictions pertaining to the acquisition of such Shares.