Transfer of Development Rights | Development Standards
acquisition of TDRs on a project’s marginal returns; and iii. The appropriate regional costs of development per commercial square foot or residential dwelling unit; and iv. Consistency with the conservation principles and purpose and intent of this chapter. b. Once adopted by the Council, the modified receiving site incentive table shall be used for calculation of receiving site incentives. Within 14 days of adopting a revised incentive table, the director shall mail notification to property owners with an active TDR certificate letter of intent following adoption of a revised incentive table. c. If adoption of a revised incentive table is requested by a developer or private property owner, the burden of preparing the economic analysis shall be on the developer or private property owner. d. The director shall keep a log of modified receiving site incentives and shall periodically report the modifications to the City council.
2. The required TDR certificates may be acquired by:
a. Transferring development rights from certified sending sites; or b. Transferring development rights from certified sending sites owned by a receiving site owner; or
c. Purchasing previously purchased, unexecuted development rights from another buyer.
3. All receiving site projects using TDRs must be in accordance with all other applicable laws and regulations.
J. TDR transfer process
1. Receiving site landowners are required to transfer sending site TDR certificates to achieve TDR-based incentive densities. Permit applications may be submitted without the purchase of TDR certificates, but no permits for development associated with a TDR project shall be issued until the TDR certificate requirement is satisfied.
Effective | January 1, 2022
Title 21: Sammamish Development Code | 383
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