(A) Unless the reimbursement agreement specifically provides for the application of subsequently enacted laws, the laws applicable to development of the property subject to a reimbursement agreement are those in force at the time of execution of the agreement.
(B) In the event state or federal law is changed after a reimbursement agreement has been entered into and the change prevents or precludes compliance with one or more provisions of the reimbursement agreement, the local government may modify the affected provisions, upon a finding that the change in state or federal law has a fundamental effect on the reimbursement agreement, by ordinance after notice and a hearing.
(Ord. 07-06-02, passed 6-12-07)