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the Fish Lake watershed, or along the shore of Fish Lake itself, would directly speak to the water pollution,wildlife protection and natural scenic beauty issues noted above. 3. Existing Zoning on Parcel The ZNR is currently considering removal of deed restrictions governing the period of use on the property, not its current zoning. The parcel is currently zoned R-4, which normally includes condominium development as a permitted use. Ideally, a TDR transfer would be triggered when the governing body makes decisions about the density of development to be permitted on a particular site. In Dane County's case, this would occur when a rezoning request is heard by the ZNR. Under this scenario, a developer is essentially buying the right to build at a higher density by limiting density elsewhere. This establishes a direct relationship between the rights purchased and the amount of development allowed. This would not be the case for Petition 7110, since the allowable density on Mr. Kearney's property has already been decided (through rezoning to R-4). Although conversion from seasonal to year-round use does reflect an intensification of land use, it does not result in any change in the number of homes which could be placed on the property. 4. Cost of Development Rights For the reasons described above, it is difficult to calculate the number of development rights that would be necessary to compensate for the development Mr. Kearney has proposed. For each development right purchased, the cost would depend on the projected market price of developed lots on the sending property, less the sending property's "current use" value and the cost to the landowner of developing the property on their own. Of course, the actual price of development rights would depend on the negotiations between a willing buyer and seller. Given these uncertainties, it may take some time to develop an estimate of the cost per development right purchased. In any event, since the County's TDR pilot initiative is still in its infancy, I am not sure how meaningful such an estimate would be. I hope this information proves useful to you. Please feel free to contact me at 267-4115 if you have any questions. Otherwise, I will see you at our next meeting on January 23.