A. This chapter is adopted pursuant to the Growth Management Act, Chapter 36.70A RCW. Transfer of Development Rights (TDR) is intended to provide a general public benefit by permanently protecting valuable community assets such as resource lands, critical areas, open space, and other lands for which preservation is preferred over development or redevelopment. TDR allows eligible land owners to achieve a reasonable economic return while protecting the resource land from development by voluntarily transferring development potential from these lands to locations better suited for urban development. TDR constitutes a voluntary, incentive-based approach to land use management.
B. The provisions of this chapter supplement existing land use regulations by allowing increased development potential in TDR receiving areas designated by ordinance.