In addition to all other applicable regulations,
the following supplemental regulations shall apply in the CR-200,
CR-120 and R-120 Districts.
A. Each and every lot in the Old Filed Map Overlay District
within the CR-200, CR-120 and R-120 Districts is hereby granted a
fractional residential development right as provided by this article.
B. Where said development right is to be utilized for
development within the CR-200, CR-120 or R-120 District, the fractional
development right shall be determined by a fraction with a numerator
equal to the lot area of such lot and a denominator equal to the minimum
lot area in the residence district in which the lot is located.
C. Where said development right is to be transferred
outside the CR-200, CR-120 and R-120 Districts, the fractional development
right shall be determined by a fraction with a numerator equal to
the lot area of such lot multiplied by a factor of 2.5 and a denominator
equal to the minimum lot area of the residence district in which the
lot is located.
D. Partial residential rights may be transferred to any lot in the Old Filed Map Overlay District within the CR-200, CR-120 and R-120 Districts which is designated a development parcel by the Planning Board and is nonconforming with respect to lot area, provided that said lot has a minimum lot area of 30,000 square feet, subject to the following conditions: The transfer shall not result in more than one full residential development right on such nonconforming lot; therefore, not more than one one-family detached dwelling may be erected on such nonconforming lot as a result of the transfer, and the requirements of §
330-54E and
F are met.
[Amended 9-28-2010 by L.L. No. 32-2010]
E. Residential development rights within the CR-200,
CR-120 or R-120 Districts shall not be transferred out of the school
district in which they are located except upon the approval of a 3/4
majority of the Planning Board.