A RESOLUTION TO APPROVE AN INCREASE OF $10,000 IN THE PAYMENT PER DEVELOPMENT RIGHT IN THE PURCHASE OF DEVELOPMENT RIGHTS (PDR) PROGRAM FOR PARCELS ADJACENT TO SERVICE DISTRICTS AND AN INCREASE OF $5,000 PER DEVELOPMENT RIGHT FOR PARCELS NOT ADJACENT TO SERVICE DISTRICTS
WHEREAS, on February 19, 2002, the Fauquier County Board of Supervisors adopted the Purchase of Development Rights (PDR) Program to acquire conservation easements for the purpose of protecting agriculture, providing open space, ameliorating the impact of development on the County, and authorizing payment of $20,000 per development right; and
WHEREAS, the United States Department of Agriculture’s (USDA) “Land Values and Cash Rents 2005 Summary” shows an average increase of over 20% in the past year in the value of Virginia farmland; and
WHEREAS, preliminary information indicates that the assessed value of real estate in Fauquier County has increased dramatically since 2001;
WHEREAS, the PDR Committee recommends an increase in the price paid per development right in the PDR Program; now, therefore, be it
RESOLVED by the Fauquier County Board of Supervisors this 13th day of October 2005, That the Board of Supervisors does hereby approve an increase of $10,000 in the payment per development right in the Purchase of Development Rights (PDR) Program for properties adjacent to service districts and an increase of $5,000 for properties not adjacent to service districts, and that such increase shall apply to previously approved (but not settled) easements and all new applications.