The Planning Director shall review a development agreement at least once every 12 months from the date the agreement is executed. Upon each such review, the applicant shall be required to demonstrate good faith compliance with the terms of the agreement. The Planning Director shall render a report of his or her review to the Town Council. The Town Council shall consider the report after giving to the applicant ten days written notice. If, as a result of the review, the Town Council finds and determines, on the basis of substantial evidence, that the applicant or successor in interest has not complied in good faith with the terms or conditions of the agreement, the Town Council may terminate or modify the agreement.
(Prior Code, § 18.02.120) (Ord. 629, passed - -1994)