Development Agreement

A development agreement is a legally binding contract between a local government and a developer that outlines the terms and conditions for a specific project. These agreements provide certainty for both parties by detailing the responsibilities, timelines, and standards for development, including infrastructure improvements, public benefits, and mitigation measures. 

Development agreements are often used for large-scale or complex projects to address potential impacts, ensure compliance with zoning and planning regulations, and secure community benefits such as affordable housing, parks, transit improvements, and hazard mitigation. They facilitate collaboration between public and private sectors, enabling flexible and context-sensitive development while protecting public interests.