(a) Mutual Consent. A development agreement may be canceled or modified by the mutual consent of the developer and the City acting through the City Council.
(b) Noncompliance by Developer. The City Council may terminate or modify a development agreement based upon evidence that the developer, or successor in interest thereto, has not complied with the terms or conditions of the agreement.
(c) Change in Applicable State or Federal Law. In the event that state or federal laws or regulations are enacted after execution of the development agreement and prevent or preclude compliance with one or more provisions of the development agreement, such provisions of the agreement shall be modified or suspended to the extent necessary to comply with such state or federal laws or regulations.
(d) Procedure. The City Council may modify or terminate a development agreement using the same legislative procedures for adopting the original development agreement ordinance.
(Ord. 18-93. Passed 10-15-19.)