A development agreement is a solution to the inherent uncertainty in the development process and a means by which developers can protect their investment.
Development Agreements typically include:
- a description of the proposed development including:
- proposed land uses
- population densities
- building intensities and heights
- any proposed phases of development
- expected beginning and completion dates of each phase
- a proposal for mitigating the impacts of the proposed development, including the transportation impacts
- a schedule with the proposed timing for any new public facilities (Water, Wastewater, Parks, Schools, and/or Transportation) that the developer will fund if necessary
- a description of any reservations or dedications of land for public purposes
- any anticipated approvals, waivers, variances or special exceptions the developer is seeking
The development agreement also serves a public purpose. The developer enters into a contract with the local government to construct improvements that will provide additional roadway capacity. A public review opportunity is also built into the agreement process.
Public notice is required for development agreements and includes:
- legal advertisement in the newspaper
- letters to adjacent property owners
- public hearings before the Board of County Commissioners (BOCC)
The BOCC makes the final decision to approve, deny or modify development agreements after the public hearings.
For more information on development agreements, call Public Works at (813) 635-5400.