Provides that comprehensive permit projects in Tiverton, involving property not connected to either public water or sewer or both, and for which the property is considered hydric said land be excluded from the building land calculation.
Prohibits applications filed in the town of Tiverton, for comprehensive permit projects, for low and moderate income housing, to include accessory dwelling units.
Ensures that minimum egress requirements for conventional subdivisions in Tiverton apply equally to comprehensive permit applications and cannot be waived, modified, or reduced for such applications.
Permits the town of Tiverton to require additional testing, to be performed by the developer, to ensure that there is no dewatering or loss of effective recharge to surrounding wells within close proximity of the new well.
Allows the town of Tiverton, with an aggregate of five hundred (500) or more units proposed in a comprehensive permit project, to enact a short-term emergency moratorium until the permit laws are amended.
Permits Tiverton to require two parking space for each studio, one-bedroom, or two-bedroom low- or moderate-income housing units upon the determination that limited or no local public transportation or off-street parking availability near these units.
Sets timelines for Tiverton's new construction, including one year for final approval, two (2) years for building permits, and temporary inclusion of units in the town's count until completion or three (3) years, whichever comes first.
Imposes a non-owner occupied property tax on residential properties assessed in excess of eight hundred thousand dollars ($800,000) at variable rates dependent on values assessed by local tax assessors.