A development agreement is a voluntary agreement between the city and an applicant that may be required by the city when an applicant decides to proceed with a development that would not otherwise be approved due to one or more of the following conditions:
(A) The city finds that there is the need to coordinate the provision of adequate public facilities, which may include water, sewer, stormwater, transportation, school or other mutually agreed-upon public facilities, with development generating the need for those facilities;
(B) The city finds that there is the need for specific development conditions associated with a planned development; or
(C) The city finds that there is the need to document other specific conditions applicable to the timing, intensity, location or design of a development.
(Ord. 15-002, passed 2-24-15)