Purchase and Retirement Fund Program Accepted Applications with New Price and New Deadline | thebaynet.com | TheBayNet.com

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PRNCE FREDERICK, Maryland – The Calvert County Council of Commissioners (BOCC) and the Agricultural Preservation Advisory Council announce that the application period for the County Purchase and Retirement Fund (PAR) program has been reopened until the 29th October 2021. Through the program, transferable development rights (TDRs) are bought, withdrawn and permanently withdrawn from the market to protect agricultural land from development.

The BOCC recently approved a new purchase price of $ 4,500 per TDR, which will replace the previously approved price of $ 4,000 in May 2020. The county will offer to purchase the development rights from willing sellers until exhaustion. funding.

Only current owners of agricultural preservation districts can apply. There is no cap on the number of RDTs that can be sold by an owner. Applications are classified according to a formula established in the rules and regulations of the Agricultural Preservation Program.

The deadline to apply is October 29, 2021 at 4:30 p.m. Nominations are available on the county’s website at www.CalvertCountymd.gov/2565/Purchase-and-Retirement-Option-PAR. Completed applications can be submitted by US mail to the Department of Planning & Zoning, Attention: Environmental Planning Regulator Ronald Marney at 205 Main St., 2nd Floor, Prince Frederick, MD 20678, or by email at [email protected] gov. For more information, email or call Mr. Marney at 410-535-1600, ext. 2336.

Established in 1992, the PAR Fund program is part of Calvert County’s long-standing efforts to preserve farmland.

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