Land Use & Zoning
In Michigan, a 'development agreement' between a municipality and a developer:
AAutomatically grants all necessary zoning approvals
BProvides certainty to both parties by vesting development rights and specifying obligations✓ Correct
CReplaces the need for a site plan review
DIs only allowed for projects over $10 million
Explanation
A development agreement is a contract between a municipality and a developer that vests the developer's rights to develop under current regulations for a specified period and may specify the developer's obligations for infrastructure, affordable housing, or other contributions.
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