(A) The Town may enter into development agreements with developers, subject to the procedures and requirements of G.S. §§ 160D-1001 to 160D-1012. In entering into such agreements, the town may not exercise any authority or make any commitment not authorized by local ordinances or State law and may not impose any tax or fee not authorized by otherwise applicable laws.
(B) This section does not preclude or supersede rights and obligations established pursuant to other laws regarding building permits, site-specific.
(C) Development authorized by a development agreement shall comply with all applicable laws, including all ordinances, resolutions, regulations, permits, policies, and laws affecting the development of property, including laws governing permitted uses of the property, density, intensity, design, and improvements.
(D) A vested right of reasonable duration may be specified in an approved development agreement.
(Ord. 2005-O3, passed 3-15-2005; Am. Ord. 2021-O3, passed 5-24-2021)