3.40.090: DEVELOPMENT AGREEMENT:
Pursuant to Government Code 65864 et seq., the town may enter into a development agreement with a developer, which includes provisions for reimbursement of the developer over time for the cost of financing public facilities. In the event a development agreement is entered into providing for such reimbursement in accord with applicable statutory/terms, no additional reimbursement shall be due or payable to any developer for construction of public improvements required by this chapter. (Ord. 173, 11-10-2005)