Transfer of development rights (TDR)

10.3.1. TDR required. TDR is required where an application for PVD would increase the amount of residential development beyond what is allowed in any of the underlying districts.

10.3.2. Applicability.

• • 1. Areas of the Town of Exeter that qualify as potential sending areas include undeveloped or agricultural lots within the B, RE-2, RU-3, RU-4 and CR5 districts.

  • 2. Districts that qualify as potential receiving districts for development rights include approved PVODs.

  • 3. Where a lot is partially contained within either a sending area or a receiving area, only the portion of the lot contained in such area may be used for the purposes of establishing or landing development rights respectively.

10.3.3. Authority. The certification or transfer of development rights may only be approved through application to the planning board according to the procedures and standards provided in this article X of the ordinance and related provisions in the land development and subdivision regulations. A person or party proposing only to determine the development rights and vest those rights in a certificate of development rights shall apply for TDR sending area land development project approval with the planning board in accordance with section 6.0 of the land development and subdivision regulations.

(Ord. of 9-27-12, Exh. 1)