Land Use & Zoning

A 'development agreement' between a Mississippi developer and a local government:

ARequires MREC approval before it is valid
BProvides vested rights to the developer and specifies the development standards and public benefits in exchange for regulatory approvals✓ Correct
CEliminates all zoning restrictions on the subject property
DOnly applies to state-funded projects

Explanation

Development agreements are binding contracts between a developer and local government. They provide the developer with certainty about applicable development standards for a set period and may require the developer to provide public benefits (roads, parks, affordable units) in exchange.

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