Land Use & Zoning
What is a development agreement between a developer and Ohio municipality?
AA building permit application
BA negotiated contract specifying development standards, public improvements, and vesting of rights for a specific project✓ Correct
CA standard construction contract
DA government purchase of development rights
Explanation
A development agreement is a contract between a developer and a municipality specifying development standards, required public improvements, project phasing, and vesting of development rights. It provides certainty to both parties.
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