Land Use & Zoning
In NJ, a 'development agreement' between a municipality and a developer may:
AOverride state environmental permits
BVest development rights and specify infrastructure responsibilities for larger projects, providing certainty for both parties✓ Correct
CEliminate all variances
DSet property tax rates
Explanation
Development agreements are contracts between a developer and a municipality that specify the terms, conditions, and timing of a large project, vesting development rights and allocating infrastructure responsibilities to provide certainty to both parties.
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