HB1343: Zoning ordinance; rezoning property to previous designation.

Chief Patron

Del. William Barlow (D-64)

William Barlow (D-64)
Smithfield, VA
Served: 1992–

Progress

	Introduced
	Passed Committee
	Passed House
	Passed Senate
	Signed by Governor
	Became Law

Status

02/12/2008: Failed to Pass in Committee

View Entire History

Summary

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.