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§ 157.100 AMENDMENT OR CANCELLATION OF DEVELOPMENT AGREEMENT BY MUTUAL CONSENT OF PARTIES OR SUCCESSORS IN INTEREST.
   A development agreement may be amended or canceled by mutual consent of the parties to the agreement or by their successors in interest.
(Ord. 99056, passed 12-14-99)
§ 157.110 VALIDITY AND DURATION OF AGREEMENT ENTERED INTO PRIOR TO INCORPORATION OR ANNEXATION OF AFFECTED AREA; SUBSEQUENT MODIFICATION OR SUSPENSION BY TOWN.
   (A)   Except as otherwise provided in § 157.130 and subject to the provisions of § 157.140, if a newly- incorporated municipality or newly-annexed area comprises territory that was formerly unincorporated, any development agreement entered into by a local government before the effective date of the incorporation or annexation remains valid for the duration of the agreement, or eight years from the effective date of the incorporation or annexation, whichever is earlier. The parties to the development agreement and the municipality may agree that the development agreement remains valid for more than eight years; provided, that the longer period may not exceed 15 years from the effective date of the incorporation or annexation. The parties to the development agreement and the municipality have the same rights and obligations with respect to each other regarding matters addressed in the development agreement as if the property had remained in the unincorporated territory of the country.
   (B)   After incorporation or annexation the municipality may modify or suspend the provisions of the development agreement if the municipality determines that the failure of the municipality to do so would place the residents of the territory subject to the development agreement, or the residents of the municipality or both, in a condition dangerous to their health or safety, or both.
   (C)   This section applies to any development agreement which meets all of the following:
      (1)   The application for the development agreement is submitted to the local government operating within the unincorporated territory before the date that the first signature was affixed to the petition for incorporation or annexation or the adoption of an annexation resolution pursuant to Chapter 1 or 3 or Title 5 of the South Carolina Code; and
      (2)   The local government operating within the unincorporated territory enters into the development agreement with the developer before the date of the election on the question of incorporation or annexation, or, in the case of an annexation without an election before the date that the municipality orders the annexation.
(Ord. 99056, passed 12-14-99)
§ 157.120 DEVELOPER TO RECORD AGREEMENT WITHIN 14 DAYS; BURDENS AND BENEFITS INURE TO SUCCESSORS IN INTEREST.
   Within 14 days after the town enters into a development agreement, the developer shall record the agreement with the registrar of mesne conveyance or clerk of court in the country where the property is located. The burdens of the development agreement are binding upon, and the benefits of the agreement shall inure to, all successors in interest to the parties to the agreement, consistent with any determination made by the town pursuant to § 157.170 hereunder.
(Ord. 99056, passed 12-14-99)
§ 157.130 AGREEMENT TO BE MODIFIED OR SUSPENDED TO COMPLY WITH LATER-ENACTED STATE OR FEDERAL LAWS OR REGULATIONS.
   In the event state or federal laws or regulations, enacted after a development agreement has been entered into prevent or preclude compliance with one or more provisions of the development agreement, the provisions of the agreement must be modified or suspended as may be necessary to comply with the state or federal laws or regulations.
(Ord. 99056, passed 12-14-99)
§ 157.140 RIGHTS, DUTIES, AND PRIVILEGES OF GAS AND ELECTRICITY SUPPLIERS, AND OF TOWN WITH RESPECT TO PROVIDING SAME, NOT AFFECTED; NO EXTRATERRITORIAL POWERS.
   (A)   The provisions of this act are not intended nor may they be construed in any way to alter or amend in any way the rights, duties, and privileges of suppliers of electricity or natural gas or of municipalities with reference to the provision of electricity or gas service, including, but not limited to the generation, transmission, distribution, or provision of electricity at wholesale, retail or in any other capacity.
   (B)   This chapter is not intended to grant the town or agency thereof any authority over property lying beyond its corporate limits.
(Ord. 99056, passed 12-14-99)
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