Development Agreement Act definition
Examples of Development Agreement Act in a sentence
In accordance with the legislative findings set forth in the Development Agreement Act, and with full recognition of the City’s policy of judicious restraints on its police powers, the Developer wishes to obtain reasonable assurances that the Project may be developed in accordance with the Applicable Rules and Project Approvals and with the terms of this Agreement and subject to the City’s Reserved Powers.
This “Annual Review” shall be limited in scope to good faith compliance with the provisions of this Agreement as provided in the Development Agreement Act, and the Property Owner and/or any Transferee shall have the burden of demonstrating such good faith compliance relating solely to such party’s portion of the Property and any development located thereon.
The parties expressly stipulate that this Agreement does not constitute a “development agreement” under the Florida Local Government Development Agreement Act, Section 163.3220, et.
Moreover, a development agreement for the Project will eliminate uncertainty in planning for and securing orderly development of the Property, assure installation of necessary improvements, assure attainment of maximum efficient resource utilization within the City at the least economic cost to its citizens and otherwise achieve the goals and purposes for which the Development Agreement Act was enacted.
Moreover, this Agreement provides additional assurance to the City and Developer that, should Developer proceed with the Project, the installation of necessary improvements will occur in the manner set forth in the Existing Approvals and otherwise achieve the goals and purposes for which the Development Agreement Act was enacted.