Description
Gain an understanding of what a development agreement is and how it is different from other land use approvals.The use of development agreements is widespread but their potential benefits are often overlooked or misunderstood by both developers and local government officials. A wellcrafted development agreement provides the developer the assurances it needs to secure financing and proceed with construction while offering local government the public benefits it otherwise could not achieve by regulation. The development agreement also offers a mechanism to address a host of issues that commonly arise in the land development process between developers and local governments, such as the timing of the provision of public facilities, the inclusion of certain types of housing, and the annual number of building permits. This presentation will review the purpose behind development agreements, what they can do (and cannot do), how procedural missteps and drafting errors can expose the parties to liability andor potentially scuttle an otherwise wellthought out project, and other issues the audience brings to the table for our consideration.
Date: 2019-10-30 Start Time: End Time:
Learning Objectives