Development Agreement Statute Sample Clauses
A Development Agreement Statute is a legal provision that authorizes and governs the use of development agreements between property developers and governmental entities. These statutes typically outline the procedures for negotiating, approving, and enforcing agreements that set forth the terms and conditions for land development, such as permitted uses, density, infrastructure requirements, and timelines. By providing a clear legal framework, the statute ensures that both parties have certainty and predictability regarding the development process, helping to prevent disputes and facilitate long-term planning.
Development Agreement Statute. “Development Agreement Statute” means Sections 65864 through 65869.5 of the California Government Code as they exist on the Effective Date or as may be amended from time-to-time.
Development Agreement Statute. To strengthen the public planning process, encourage private participation in comprehensive planning, and reduce the economic risk of development, the Legislature of the State of California has enacted California Government Code § 65864 et seq. (the “Development Agreement Statute”), which authorizes City to enter into an agreement with any person having a legal or equitable interest in real property regarding the development of such property. This Development Agreement has been processed, considered, and executed in accordance with the procedures and requirements as set forth in the Development Agreement Statute.
Development Agreement Statute. “Development Agreement Statute” means §§ 65864 through 65869.5 of the Government Code as it exists on the Effective Date.