A.
It is the intent of this article to establish the Residential Receiving Area District (RRAD) for the purpose of identifying receiving sites for development rights or Pine Barrens credits which may be transferred as of right in accordance with the procedure set forth herein and the applicable transfer of development right portions of this chapter and § 261-a of the Town Law of the State of New York.
B.
It is also the intent of this article to set forth the procedure upon which the Town Board may establish a Residential Receiving Area District (RRAD). Generally, an RRAD shall be established on a floating zone basis with attendant controls and regulations intended to provide the means to accomplish the purposes and goals set out herein.
C.
The purpose of the Residential Receiving Area District (RRAD) legislation is to facilitate increased flexibility to achieve more desirable development through the use of more creative and imaginative design of residential areas than is presently achievable under conventional land use techniques and zoning regulations and to preserve, adapt and improve existing open space, land uses and communities, consistent with the recommendations of the Central Pine Barrens Comprehensive Land Use Plan and/or the Town's Comprehensive Plan.
D.
The Planning Board is hereby authorized to increase the permitted residential density of lands proposed for development as of right to provide suitable receiving sites for residential development rights or Pine Barrens credits (PBC). The Planning Board is further authorized to consider and approve the transfer of development rights under this section, without the necessity for Town Board review and approval in accordance with § 330-7 of this chapter.
E.
The applicable regulations of a RRAD set forth in this article shall be in addition to or overlay those regulations applicable in the underlying residential district in which the given site is found on the Zoning Map as set forth in this chapter, except that the Planning Board is hereby authorized to modify the dimensional regulations of the underlying district to accommodate the increased density as the result of the transfer of development rights.