(A) The city may enter into a development agreement with a developer pursuant to the Development Agreement Act, provided that the property contains a minimum of 25 acres or more of highland. The term of any development agreement shall not exceed the maximum term allowed pursuant to § 6-31-40 of the Development Agreement Act.
(B) Each development agreement must be approved by the city council through the adoption of an ordinance after complying with all of the provisions contained in the Development Agreement Act.
(Ord. 15-002, passed 2-24-15; Am. Ord. 2024-006, passed 3-12-24)