A.
This article establishes an equitable method for the preservation of designated areas and resources in the Township of West Vincent through the establishment of a transferable development rights (TDR) program. The TDR program provides an opportunity to landowners in designated areas to preserve land through the option of selling some or all of the development rights associated with their land in lieu of development and an opportunity to certain other landowners in areas of the municipality designated suitable for development with the option of increasing the density of development of their land with the acquisition of such development rights.
B.
It is the specific purpose of the Township of West Vincent to implement the provisions of the Municipalities Planning Code, Section 604,[1] to:
(1)
Manage growth by providing incentives to designated portions of the Township for concentrated development through the establishment of receiving zones where development rights purchased through the TDR program may supplement development rights established by the base zoning;
(2)
Permanently preserve resources considered important to the Township, including agricultural lands, prime agricultural soils, environmentally sensitive resources, open lands, and visual resources, through the establishment of designated sending zones by which development rights may be sold in lieu of development;
(3)
Provide an equitable method to compensate landowners in the designated sending zones who voluntarily forbear from developing land in the Township;
(4)
Maintain the historical community character and land use pattern of the Township; and
(5)
Effectively achieve the goals and objectives identified in the Township Comprehensive Plan and the Township Greenway Land and Recreation Plan.
[1]
Editor's Note: See 53 P.S. § 10604.