CITY COMMISSION POLICYVoluntary Equitable Development Agreement (Veda) • December 19th, 2018
PURPOSE: To provide for three party agreements between the City, an Investor, and a community-based organization that would allow the community, the City and investors to voluntarily commit to various goals and joint interests in order to create a pathway for the investment to proceed for the benefit of each of the parties pursuant to an agreement memorialized in writing. The VEDA would detail the joint commitments of each party and specify the standards and conditions that will govern development of the property.
