Parks and Recreation System Master Plan Update (2016) parks_and_recreation_system_master_plan_update_oct | Page 188

Purchase of Development Rights Purchase of development rights is a legal agreement whereby the landowner voluntarily gives up the right to develop his or her land in exchange for a cash payment. The payment is based on the different between the property’s value as open space and its development value. Purchase of development rights is most commonly employed to protect farmland but can also be used for sensitive areas such as steep slopes and floodplains. The end result is a conservation easement held by a government entity or private organization such as a land trust. Funding for this mechanism can be derived from a variety of sources. Many states (but not Kentucky) have established programs and dedicated funding for purchasing development rights of qualified farmland. Tax Title and Owners Unknown Properties There are on the tax rolls of many communities, parcels which are delinquent in their tax payments (tax title properties) and parcels for which there is no known owner. Such parcels may possess sensitive resources such as wetlands which restrict their development potential and may be potentially valuable as open space. A program for identifying tax title or “owners unknown” properties and their potential use or disposition could be implemented in Jefferson County. The LMPRD could review any such parcels to determine if they have potential value as part of the parks and open space system. Land Exchange and Sales Under a land exchange action, Louisville might “swap” a piece of land already held as open space or parkland for another piece which is deemed more advantageous to the overall park and open space system. Similarly, Louisville might choose to sell a property on the open market in order to finance acquisition of an area of more value for the parks and open space system. Another approach which has been used for a long time, although not frequently, would involve the purchase of land with the intention of using only part of it for a new park. The remaining land would later be sold for development, with profits accrued being used to finance the park development. Service Clubs and Volunteers Service clubs such as the Lions Club or the Kiwanis often contribute towards the improvement and maintenance of local park facilities. Other groups such as the Boys and Girls Clubs are already providing community center facilities in some locations of Jefferson County. The County might also be able to mobilize volunteers to help in the maintenance of certain portions of the parks and open space system, thereby reducing the LMPRD’s maintenance costs. Volunteer groups which have an interest in specific components of the parks system are most likely to make valuable contributions. Examples might include boy or girl scouts, equestrian and hiking groups, and nature groups such as Riverfields. Parks and Recreation System Master Plan | VII. IMPLEMENTATION 167