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2008 SESSION

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HB 1343 Zoning ordinance; rezoning property to previous designation.

Introduced by: William K. Barlow | all patrons    ...    notes | add to my profiles

SUMMARY AS INTRODUCED:

Rezoning property to previous zoning designation.  Allows a locality to include provisions in its zoning ordinance that permit the county to require that an approved site plan or final subdivision plan be obtained for the development within a specified period of not less than five years. If no such approval is obtained during the specified period, the locality may rezone the property to its previous zoning designation. However, a locality may not rezone the property if the rezoning would adversely impact the terms of a loan that the property owner has obtained at least one year prior to a proposed locality initiated rezoning. If a locality rezones such property to its previous zoning designation, the locality shall compensate the property owner through use of a tax credit equal to the amount of excess real estate taxes that the landowner has paid due to the higher zoning classification.


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