Oregon Development Agreement, also known as Oregon Development Contract, is a legally binding agreement established between a private developer and a public entity in the state of Oregon. This agreement primarily aims to facilitate and regulate large-scale developments, including residential, commercial, industrial, and mixed-use projects, in order to promote economic growth and urban development in the region. The Oregon Development Agreement governs the various aspects of a project, ensuring compliance with regulations, addressing environmental concerns, and defining the scope of work, timelines, funding, and public benefits. There are several types of Oregon Development Agreements that can be categorized based on their specific focus and purpose. Some of these variations include: 1. Tax Increment Financing (TIF) Development Agreement: This type of agreement allows for the use of tax increment financing, where a portion of property tax revenue generated from the development is set aside and allocated towards infrastructure improvements or other eligible project costs within a designated urban renewal area. 2. Affordable Housing Development Agreement: Created to address the critical need for affordable housing in Oregon, this specific agreement incentivizes developers to include affordable housing units within their projects by providing certain benefits or waivers, such as density bonuses, expedited permitting, or reduced fees. 3. Brownfield Development Agreement: Brownfield agreements facilitate the redevelopment of underutilized or contaminated sites, aiming to revitalize these areas and promote environmental sustainability. Such agreements typically address site remediation, liability protections, and economic incentives to attract developers. 4. Transit-Oriented Development (TOD) Agreement: Focusing on sustainable urban planning, these agreements encourage the creation of mixed-use developments near public transit stations. They aim to enhance accessibility, reduce reliance on cars, and promote a walkable community by integrating residential, commercial, and public spaces. 5. Infrastructure Development Agreement: This agreement pertains to large-scale projects that require the development of public infrastructure, such as transportation networks, utilities, or public facilities. It outlines the responsibilities, funding mechanisms, and timelines associated with infrastructure development and often involves public-private partnerships. In summary, Oregon Development Agreements serve as a framework to guide and regulate different types of developments in the state. By establishing clear terms, responsibilities, and incentives, these agreements contribute to the growth and sustainability of Oregon's communities while ensuring compliance with regulations and addressing public interest.
Oregon Development Agreement
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Development Period means, with regard to any Commercial Discovery, the period beginning upon approval of the Development Plan for such Commercial Discovery and ending upon the termination of this Contract for any reason or by any contractual or administrative rescission. Development Period Definition: 902 Samples | Law Insider lawinsider.com ? dictionary ? development-... lawinsider.com ? dictionary ? development-...
A product development and license agreement is a contract between two companies who wish to combine their knowledge to develop a new product. The contract states what each company is expected to contribute to the development of the product.
Development agreements provide public agencies greater flexibility in imposing requirements on proposed development, such as development conditions, exactions and fees, because constraints and uncertainties that affect a local agency's ability to unilaterally impose such requirements do not apply to mutually agreed ...
Developer Contract means any contract entered into by a developer and any third party where the scope of the Developer Contract is to perform work related to a development in the City, and where the developer has entered into a City Contract or has received a Subsidy. Developer Contract Definition | Law Insider lawinsider.com ? dictionary ? developer-con... lawinsider.com ? dictionary ? developer-con...
Contract development is then about taking the details outlined in the pre-contract meetings and drafting an agreement. Contract Development & Contract Award Phase | ContractPodAi contractpodai.com ? news ? contract-development... contractpodai.com ? news ? contract-development...
Development agreements are contracts negotiated between project proponents and public agencies that govern the land uses that may be allowed in a particular project. Development Agreement Manual - Institute for Local Self Governance calafco.org ? files ? resources ? CALAFCO_U ? D... calafco.org ? files ? resources ? CALAFCO_U ? D...
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.
A joint development agreement (JDA) sets the terms for two or more parties working together to develop a particular product or technology. The JDA is typically negotiated before or during the working relationship. Intellectual property is often a key issue in a JDA, so the agreement should clearly state who owns what.