Extracted standards
3 individual requirements pulled out of this section’s prose, each with the sentence it came from.
Other
- Credit runs with the land
A density/intensity credit in accordance with this paragraph shall run with the land remaining after such dedication, conveyance, or condemnation.
- Density/intensity credit for public dedication
Credit proportional to area conveyed for public purpose.
- No monetary compensation if credit accepted
The area to be dedicated or conveyed will be deeded to the town and such dedication or conveyance will not be in exchange for monetary compensation.
From the ordinance
In cases where fee simple title to real estate within a lot or parcel is needed by the town for a public purpose... the town shall provide a density or intensity (floor area ratio), or both credit to the landowner proportional to that area conveyed for the public purpose to the remaining otherwise still developable land.