Issue: Economic Development
Transferable Development Rights (TDR) ordinances allow properties to be developed in more productive ways, provide a source of income to property owners who do not or cannot develop their properties, and are a useful planning tool to preserve agricultural lands and open space.
Annexation is the formal process of incorporating additional property, previously part of an unincorporated county, into a municipality’s jurisdictional boundaries. The incorporation of this property into the existing municipality makes the new territory subject to the municipality’s various plans, codes, and ordinances.
A development agreement is a contract between a local county or municipality and a private party (land owners or developer) that helps both parties work together throughout the development process for a specific development project. Land owners and developers like development agreements because they provide regulatory and political assurances during the development process that make projects more viable. These assurances pertain to development phasing, rules and regulations pertaining to the development of a specific property, critical infrastructure responsibilities and coordination, and more. Local counties and municipalities like development agreements because they are a way to incentivize development, promote economic growth, and ensure that proposed development is in compliance with adopted rules and regulations and the overall vision of the community.
A Public Infrastructure District (PID) is a local government entity created to organize financing for public improvements in a specific community. A PID is governed by community members and has the power to levy additional property taxes, impose fees, and issue bonds.