Land Use & Zoning

In Tennessee, a 'development agreement' between a municipality and a developer typically provides:

AA guaranteed sale price for the developed property
BVesting of development rights and regulatory certainty in exchange for developer commitments on infrastructure or amenities✓ Correct
CA tax abatement for all future owners
DAutomatic approval of future rezoning requests

Explanation

Development agreements vest the developer's right to develop under existing regulations for a specified period, while the developer commits to providing infrastructure improvements or other community benefits.

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