AGEC 422 Final Exam 2024 (with Complete Solutions)

Transferable Development Rights correct answers allow communities to sell their development rights from one property to another to protect a VALUED RESOURCE "sending" parcel correct answers - area where low development densities are encouraged - have productive ag/forestry values, provide critical wildlife habitat, or provide public benefits "receiving" parcel correct answers - area designated for more intense development - where the existing services & infrastructure can accommodate additional growth What is a PDR? correct answers purchase of development rights - occurs through cash payments in exchange for a deed restriction which remove/retires the parcels potential as developed land - may be bought and sold to another parcel where development can occur How to TDR's relate to PDR's? correct answers TDR's expand on the land-use planning concept of the PDR's What are the differences between TDR's and PDR's? correct answers 1. TDR: TODAY's development rights are shifted PDR: development rights are removed from PRESENT & FUTURE use 2. TDR: rely on private market sales of development rights b/w landowners in preservation areas PDR: rely on public officials to plan, coordinate & map out purchases of conservation elements 3. TDR: market forces used to protect PDR: admin body determines what parcels to protect What is mitigation? correct answers the action of reducing the severity or reducing the severity, seriousness, or painfulness of something How to TDR's relate to mitigation? correct answers - TDR's are development mitigation programs that are designed to preserve ag land, open space, historic buildings and districts, lands less suitable for development. - mitigate the financial damage and allows landowners to recover some benefit from their restricted development opportunities. - mitigate the damage to areas because TDR's will be purchase in another area to develop and preserve the other area as result What does cluster development do? correct answers shifts density from one portion of a site to another