Land Use & Zoning
In New Mexico, which of the following describes a 'development agreement' between a municipality and a developer?
AA lease between the city and a commercial tenant
BA contract that vests development rights in exchange for the developer providing specified public benefits✓ Correct
CA standard building permit application
DA rental assistance agreement
Explanation
A development agreement is a contract between a local government and developer that vests development rights (protecting against future zoning changes for a specified period) in exchange for public benefits like infrastructure.
Related New Mexico Land Use & Zoning Questions
- A New Mexico municipality adopts a 'form-based code.' This type of zoning regulation focuses primarily on:
- New Mexico's Albuquerque Comprehensive Plan guides long-range land use by:
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- In New Mexico, a 'specific plan' or 'sector development plan' differs from a general zoning code by:
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- In New Mexico, 'extraterritorial jurisdiction' (ETJ) allows a municipality to:
- The Santa Fe Historic Districts Ordinance is an example of which type of land use control?
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