Area Development Agreement With City
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FAQ
A development contract is a binding agreement that involves the developer company and the client company. It binds them to adhere to the contract requirement. Ina nutshell, the developer and the client each has a role to play for a successful business contract as stated in the signed agreement.
A development agreement is a voluntary contract between a local jurisdiction and a person who owns or controls property within the jurisdiction, detailing the obligations of both parties and specifying the standards and conditions that will govern development of the property.
Related Definitions Disposition and Development Agreement (DDA) means an agreement that sets forth requirements for the sale, lease, exchange acquisition, or disposal of real property owned by the Agency, where a specific type of project is developed.
A development agreement is a legal contract where a property owner will contract with local jurisdiction that the property is located in to develop the property.
Development agreements are contracts approved by the Planning Commission and Board of Supervisors entered into by the City and a developer to expressly define a development project's rules, regulations, commitments, and policies for a specific period of time.