One of the ways to help protect farms in the Farmland Preservation Area is with Marion County’s Transfer of Development Rights Program.
At the July 18 meeting, Marion County Commissioners helped to further protect the Farmland Preservation Area (FPA) by approving the use of 72 Transfer of Development Right (TDR) credits from a farm in the FPA that had been conserved with the TDR program over 15 years ago to a parcel of land inside the Urban Growth Boundary.
The 72 development credits were purchased by Sunbelt Land Fund I-Ocala South, LLC and will be used to increase the density on a 36-acre parcel of land by 72 units. The land already has the zoning to build a 288 multi-family apartment, but with the additional 72 TDR credits, the number of units will increase to 360. The property to be developed is located on the east side of SW 60th Avenue at the intersection of SW 52nd Street and it has a Future Land Use of High Density.
“These 72 TDR credits were created in 2008 by Walter and Wendy Boring when they placed a conservation easement on 119 acres of their property in the Farmland Preservation Area. Horse Farms Forever thanks the Boring family for protecting their land for future generations!” said Busy Shires, Director of Conservation Strategies, Horse Farms Forever at the July 18 Commission meeting.
Marion County’s TDR program was created in 2004 and it had some early success by preserving over 3,200 acres of land, but it has not been utilized to its full extent for over 15 years.
However, over the past year, Horse Farms Forever has been working with stakeholders to review the TDR program to see if there are ways to make it more relevant and sustainable for landowners and also for developers. In April, HFF held a Roundtable led by Rick Pruetz, a nationally known expert on TDRs about Marion County’s TDR program with 25 community stakeholders to provide feedback about the TDR program.
With the tremendous growth pressures and the need for additional housing, this is the right time to fully utilize the TDR program to not only help preserve the Farmland Preservation Area but to also direct growth to appropriate areas within the Urban Growth Boundary.