By providing landowners in the agricultural holding area the option of transferring some or all of the development rights associated with the land which they own and by providing certain other landowners in areas of the Township considered suitable for development with the option of increasing the density of development of their land with the acquisition of such development rights, it is the purpose of the Township to:
A.
Provide an equitable way to compensate landowners in the agricultural holding area who voluntarily forbear from developing land considered critical for maintaining the environmental and agricultural values which mark the present land use pattern in the Township.
B.
Provide an incentive for owners of land within the areas of the Township considered suitable for development to provide a variety of housing types and densities and, in return for covenanting land within the agricultural holding area against future development, to increase the density of development in suitable areas consistent with the overall development capacity of the Township.
C.
Preserve thereby the agricultural, rural and scenic character of the Township as a regional resource, while at the same time providing housing opportunities consistent with regional projection and demands and the concept of fair share.