A. Development rights shall be created and transferred only by means of documents, including a conservation easement, and a severance of TDR credit certificate ("certificate of sending credits"), which meet the requirements of this chapter.
B. In order to be eligible to transfer one or more development rights from a parcel of property, such property shall be located within a sending area. If such property is located within the CE-1 zone, all property lying within this zone and owned by the same person or related persons, as defined in section 1031 of the internal revenue service code, shall be designated a sending site at the same time, whether the entire parcel is one parcel, contiguous parcels, or noncontiguous parcels. The owner of such property shall apply for and receive approval to have the property placed in the TDR overlay zone, pursuant to rezoning procedures set forth in this title.
1. Upon rezoning approval:
a. The property shall be shown on the official zoning map as a sending site by denominating it as a TDR-S overlay zone;
b. A certificate of sending credits shall be issued to the property owner by the city recorder, pursuant to subsection B2 of this section, indicating the total number of development rights which may be transferred from the property; and
c. The property owner shall be eligible, after complying with subsection B2 of this section, to transfer development rights from the property in accordance with the requirements of this chapter.
2. No transferable development right certificate of sending credits shall be issued, until payment of an administrative fee determined by the planning department, and no development right shall be transferred, unless and until a conservation easement is recorded among the land records of Utah County, Utah, as required by section
18.76.100 of this chapter on the property from which such development right originates.
3. After recordation of the easement, a landowner shall request that the city recorder issue the record owner of the property a certificate of sending credits. Such certificate shall only be assigned in the name of the record owner and only for the total number of credits assigned to the property.
C. Development rights attached to a particular sending site shall be determined and transferred by applying the following rules:
1. Any sending site density bonus created by the application of this chapter shall be utilized only on a receiving site.
2. Within all zones except the critical environment (CE-1) zone:
a. The total number of development rights which may be created for a sending site shall be equal to the site's base zone density.
b. The number of development rights to be transferred at any one time may be determined by the sending site owner so long as the total number of rights transferred does not exceed the total number of development rights associated with the sending site. For example, if a property owner has ten (10) development rights in the zone designation where the property is located, no more than ten (10) development rights can be transferred. There shall be no additional density bonus except as allowed in this section.
3. Within the critical environment (CE-1) zone:
a. The total number of development rights which may be created for a sending site shall be equal to the site's base zone density plus a density bonus granted pursuant to either subsection C3a(1) or C3a(2) of this section (but not both):
(1) If a sending site owner transfers only the development rights associated with the site, the density bonus shall be equal to three (3) times the site's base zone density. Thus, by way of example and not limitation, a property owner who transfers only the development rights from a sending site having a base zone density of ten (10) dwelling units would obtain a total of thirty (30) TDRs, illustrated as follows:
Base zone density: | 10 | TDRs (1 dwelling unit equals 1 TDR) |
Density bonus: | 20 | TDRs |
Total | 30 | TDRs |
(2) If a sending site owner transfers fee title of the site to Mapleton City Corporation or the sending site owner is Mapleton City Corporation, the density bonus shall be equal to five (5) times the site's base zone density. Thus, by way of example and not limitation, a property owner who transfers development rights only from a sending site having a base zone density of ten (10) dwelling units would obtain a total of fifty (50) TDRs, illustrated as follows:
Base zone density: | 10 | TDRs (1 dwelling unit equals 1 TDR) |
Density bonus: | 40 | TDRs |
Total | 50 | TDRs |
b. All development rights associated with property zoned CE-1 in a sending site shall be transferred at one time.
c. A parcel of land within the CE-1 zone may qualify as a sending site with the incentive bonuses established in subsection C3a(1) or C3a(2) of this section only if the sending site parcel is the same parcel as it existed as of December 15, 1998. Any parcel which has been subdivided, developed, or on which a structure has been built after December 15, 1998, shall not qualify for the incentive bonuses established in subsection C3a(1) or C3a(2) of this section. It is the intent of this chapter to cause owners of potential sending sites within the CE-1 zone to decide either to develop all or some portion of the potential sending sites, or to receive the incentive bonus by transferring all development rights off of the land, but not to allow for both, or some degree of both.
D. The transfer of any development rights from a sending site shall be evidenced by a notice recorded among the land records of Utah County, Utah, in a form approved by the city council, after receiving a recommendation from the planning commission. Such notice shall indicate:
1. The total number of development rights which may be transferred from the sending site;
2. The number of development rights actually transferred at the time the notice is recorded;
3. The number of development rights remaining; and
4. Notice to any potential buyer of the sending site that:
a. Any remaining development rights may have been transferred from the property; and
b. The buyer should contact Mapleton City officials to determine the number of development rights, if any, remaining on the sending site. (Ord. 2005-16, 11-16-2005, eff. 11-16-2005)