Transfer of Development Rights (TDR) Available in Indian River County

CGW Mitigation Bank, a 150-acre mitigation bank that is located along the western shore of the Indian River Lagoon, north of Vero Beach in Indian River County, Florida has 84 TDR’s available for developers within Indian River County, Florida.

Call Victoria Colangelo at The Mitigation Banking Group, Inc. for more information

Phone: 407-808-2222
Email:Victoria@mitigationbankinginc.com

TDR Regulations

TDR regulations were adopted to implement Indian River’s Comprehensive plan to preserve wetlands and other environmentally-sensitive areas. As a result of plan review in 1990, the TDR program was expanded to provide density bonus provisions designed to encourage the development in Indian River County, Florida.

TDR Availability

CGW Mitigation Bank, a 150-acre mitigation bank that is located along the western shore of the Indian River Lagoon, north of Vero Beach in Indian River County, Florida has 84 TDR’s available for developers within Indian River County, Florida.

Process

Sending and receiving sites are proposed as part of applications for Planned Developments. The County Zoning Code prohibits any residential project from exceeding the maximum density limits unless a density bonus is granted through the Planned Development process. Density bonuses are only allowed for the transfer of density from environmentally-sensitive lands.

To transfer density away from environmentally-sensitive areas, a developer proposes a Planned Development which includes both the sending site and an upland receiving site which is not environmentally-sensitive or zoned for agriculture. The density on the upland receiving site cannot be adjusted more than 20 percent of the maximum density allowed by the receiving site’s underlying comprehensive plan land use designation where the receiving site is not adjacent to the area from which the density is transferred. If the sending site and receiving sites are adjacent, the maximum density on the receiving site can be adjusted by 50 percent of the maximum density allowed by the underlying comprehensive plan land use designation.

Call Victoria Colangelo for more information

Phone: 407-808-2222