The City shall review all lands subject to a Development Agreement not less than once every twelve (12) calendar months to determine if there has been demonstrated good faith compliance with terms of the Development Agreement. The Mayor or his designee shall report his findings to the City Council. In the event the City finds, on the basis of substantial competent evidence, there has been a failure to comply with the terms of the Development Agreement, the Agreement may be revoked or modified by the City upon thirty (30) days notice to the property owner as shown on the records of the Summit County Auditor. Such termination or amendment shall be accomplished only after a public hearing and notice as is herein for the adoption of a Development Agreement. Amendment or cancellation of the Development Agreement by mutual consent of the City and the property owner may be accomplished following the notice requirements required for initial adoption of the Development Agreement as previously described.
(Ord. 173-2000. Passed 12-17-00.)