(A) The city may enter into a development agreement with a developer pursuant to the South Carolina Local Government Development Agreement Act of 1993, as amended, provided that the property contains a minimum of 25 acres or more of highland and the development will have a maximum build-out time as shown in the following table:
Acres of Highland | Maximum Years to Complete Development |
25-250 | 5 |
251-1,000 | 10 |
1,001-2,000 | 20 |
2,001+ | negotiable |
(B) Each development agreement must be approved by the city through the adoption of an ordinance after complying with all of the provisions contained in the South Carolina Local Government Development Agreement Act of 1993, as amended.
(C) Development agreements shall not be used to simply rewrite the Zoning Ordinance or land development regulations to suit a particular development, but shall be based upon the need to establish a clear understanding of development conditions consistent with the intent of this subchapter and the provisions of § 157.166-Applicability.
(Ord. 15-002, passed 2-24-15)