Lysander TDR revolving fund established

Lysander officials are one step closer to implementing the Transfer of Development Rights (TDR) program in Lysander.

Officials approved a resolution establishing a revolving fund for the program in a 3-2 vote, which was the next step to implementing the TDR.

The fund is authorized to receive, retain and sell development rights (DRs), and to accept for deposit within the fund gifts, donations, bequests or other rights. All money and proceeds from DR sales will be deposited in a special municipal account to be applied against the purchase of additional DRs or for expenditure necessary in the administration of the program. All withdrawals will be authorized by the town board.

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