I am working on a project (on the developer side) with a developer who has proposed a mixed-use/cluster development in a floating PDD zone in a village. He is willing to go above and beyond in terms of mitigation (including fixing a pre-existing sewer problem, offer a 80-gpm well to the village as well as build a water storage tank for the village).
In exchange, the developer would like some sort of credit for the village's exactions--the only comparable thing i could think of was a density bonus--but we were thinking more along the lines of a PILOT or a reduction in the village's recreation fees ($1000/unit).
Does anyone know of a similar situation, and/or have an idea of how set up a legally sound arrangement? How might one valuate a 80-gmp well?