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 acquiring one or more of the fee- simple interests associated with a parcel of land, such as the commercial or residential development rights.
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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

  • Purchase of development rights allows a public or private entity to purchase development rights from a voluntary property owner, leaving the property owner with ownership of the land, limited use of the property, and a tax reduction.

  • Purchase of development rights are sometimes also called purchase of conservation easements, since the land continues in private ownership and management, but it can no longer be developed for urban uses.

  • Options recommended by the Task Force include: C Updating the county master plan.C Cluster development.C Conservation easements.C Purchase of development rights.

  • Private PES are self-organized schemes between private entities which involve;  Direct payments by service beneficiaries to service providers for the protection or restoration of watershed services; Cost-sharing among involved private parties; Purchase of land and lease back to former owner with the objective to ensure watershed services originating from the land in question; or Purchase of development rights to land which are separated from property rights.

  • Purchase of development rights would be pursued for the Densieski agricultural tract at the critical scenic gateway intersection of CR 104 and Lewis Road.

  • Land Use Controls and Plans in Proposed AEA (check all that apply) Farmland preservation zoning ordinance Other zoning ordinances:   Farmland preservation agreements Purchase of development rights and/or easements (donated or purchased) Transfer of development rights Subdivision ordinances Cooperative boundary agreements/inter-municipal agreements Natural area protections Comprehensive plan Other (specify)   Question 4d.

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

  • We have worked with them in the past and have the capacity to do so in the future Purchase of development rights and/or easements (donated or purchased)ongoingLa Crosse County has and ordinance in place which allows us to hold conservation easements.

  • Purchase of development rights is an expensive but effective method of preserving open space.

  • Purchase of development rights (PDR) involves a local government or nonprofit purchasing development rights while the land remains privately owned.

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.

  • Development Application means the development application identified in Item 5 of Schedule 1 and includes all plans, reports models, photomontages, material boards (as amended supplemented) submitted to the consent authority before the determination of that Development Application.