This chapter establishes procedures and requirements for consideration of development agreements. The purpose of this chapter is to recognize that major, multiphased development projects may require the developer to commit a substantial investment in "up front" costs and that some assurances that changing regulations will not adversely affect the entitlements of the project may be necessary to justify the "up front" costs. The purpose of this chapter is also to recognize that the town has an interest in assuring that large scale, long term projects are implemented as approved. Development agreements may provide the mechanism to provide needed stability for such projects. These provisions are adopted under the authority of title 7, division 1, chapter 4, article 2.5 of the California Government Code (commencing at section 65864). The findings and purposes are as set forth in California Government Code section 65865.
A. Assurances To The Applicant: A development agreement is intended to provide assurance to the applicant that an approved project may proceed subject to the policies, regulations, rules, and conditions of approval applicable to the project at the time of approval, regardless of any changes to town policies, regulations, and rules after project approval.
B. Assurances To The Town: In return, the town is provided assurance that the project would further important town goals and policies which have been officially recognized by the council, and provide the town with significant, tangible benefits beyond those that may be required by the town through normal project conditions of approval. (Ord. 243, 10-15-2013)