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.
The City's Land Development Code, Section 14.7 defines a specific process for the execution of a Development Agreement, which includes 6 agenda items at public meetings, where citizens can comment. Click here to read.