Common use of Legislative Act Clause in Contracts

Legislative Act. A development agreement is a legislative act which shall be approved by ordinance and is subject to referendum. This resolution only establishes procedures for consideration of development agreements; the Town Council retains discretion to approve or disapprove any proposed development agreement. A development agreement shall not be approved unless the Town Council finds that the provisions of the agreement: (a) Are consistent with the Town's General Plan and any applicable Specific Plan; (b) Are compatible with the requirements of the Zoning Ordinance; and (c) Provide substantial public benefits to persons residing or owning property outside the boundaries of the development project, beyond the exactions for public benefits required in the normal development review process under Federal, State, or local law.