Land Use & Zoning
An Indiana development agreement between a city and a developer typically:
AExempts the developer from all zoning regulations
BVests the developer's approved plan while obligating the developer to provide specified public benefits (infrastructure, affordable housing, parks)✓ Correct
CSets a minimum purchase price for the development
DRequires the developer to use local contractors
Explanation
A development agreement is a legally binding contract between a local government and a developer that locks in the applicable development standards (vesting) in exchange for the developer committing to provide specified public improvements or benefits.
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- In Indiana, a 'development agreement' between a local government and a developer:
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