Farming, forestry and fishing have defined this region for over 100 years. Farming, forestry and fishing have defined this region for over 100 years

Farming, forestry and fishing have defined this region for over 100 years.

• Farming, forestry and fishing have defined this region for over 100 years.

Transfer of Development Rights (TDR) is:

• Transfer of Development Rights (TDR) is:

• A market-based real estate tool
• Connects conservation with growth
• Flexible and can be applied to address local conditions

Property Rights

• Property Rights

1. Sending Sites

• 1. Sending Sites

• Supply of development rights

• 2. Receiving Sites

• Demand for development rights

• 3. The Marketplace

• Where and how transactions occur

1. Sending-site landowner

• 1. Sending-site landowner

• Development rights removed
• Receives $ for transferring development rights
• Retains ownership
• Retains other property rights
• Conservation easement

2. Receiving-site landowner

• 2. Receiving-site landowner

• Buys development rights
• Receives a value-added incentive
• (Density, FAR, height, parking, etc.)

3. The Marketplace

• 3. The Marketplace

• Policy objectives
• TDR program regulations
• Information clearinghouse

Clear conservation goals

• Clear conservation goals
• Tangible benefits
• Transparent
• Simple transaction process
• Appropriate incentives
• Understanding of the market

Conservation: What types of land does the county want to conserve?

• Conservation: What types of land does the county want to conserve?
• Growth: Where and how does the county want to encourage growth?
• Context: What are the current development pressures on lands?
• Administration: How involved does the county want to be?
• Market: How does the program encourage participation?

TDR in Skagit County

• TDR in Skagit County

Kittitas County wants to retain its rural culture

• Kittitas County wants to retain its rural culture
• Interested in market-based options not regulating
• Adopted its TDR program December 2009

Primary goals:

• Primary goals:

• Conserve working lands
• Promote development in areas appropriate for growth

• Objectives:

• Growth is responsibly planned
• Property rights are protected
• Rural landowners are fairly compensated

The county is home to 900 farms covering nearly 200,000 acres

• The county is home to 900 farms covering nearly 200,000 acres

• Drivers: grass hay, cereal grain, and livestock
• Timothy hay industry: est. $30 million annually

• Kittitas County has153,000 acres of private forestlands

• Harvest volumes have declined since 2000
• Still,13 million board feet harvested in 2007

• Irrigated Farms

• Working Forests

• Cities

• Urban Growth Areas

• Planned Communities

• Master Planned Resorts
• Planned Unit Developments

• Approved Rural Development

• Rezones
• Clusters

• 1500-acre forested & range, family-owned property
• Forterra purchased 24 TDR credits from 480 acres
• Ranch continues operation, pine forest conserved
• TDR Credits remain for sale

King County

• King County

• Bellevue
• Black Diamond
• Issaquah
• Normandy Park
• Redmond
• Sammamish
• Seattle

• Kitsap County

• Bainbridge Island
• Port Orchard