No. Currently, the City Council is considering ordinances to create a framework to give an incentive to allow vertically integrated mixed-use development. This would provide an incentive that allows a higher number of residential units rather than the higher-density commercial presently allowed in the Town Center Commercial Recreation (TCCR) zoning district.
If these ordinances are adopted, a Development Agreement will be required for any new vertically integrated mixed-use development. Development Agreements are entered into by the City and a developer to expressly define a development project’s rules, regulations, commitments, and policies for a specific period of time. The purpose is to strengthen the public planning process by encouraging private participation in the achievement of comprehensive planning goals and reducing the economic costs of development. A development agreement reduces the City's risks associated with development.