Land Use & Zoning
In NC, a 'development agreement' between a developer and a local government provides:
AAutomatic approval for any project
BVested rights, regulatory certainty, and defined infrastructure obligations in exchange for developer commitments✓ Correct
CA government guarantee of project financing
DExemption from all environmental reviews
Explanation
Development agreements in NC are legally binding contracts between a developer and local government that provide regulatory certainty and vested rights while specifying public benefits and infrastructure commitments.
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