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ARTICLE 31 <br /> To see if the Town will vote to amend the zoning bylaw by adding a new Section 174-27.1 as follows: <br /> "174-27.1 Development Agreements. <br /> A. Purpose and Intent. This bylaw enables the Town to enter into development agreements consistent <br /> with the provisions of the Cape Cod Commission Act and Chapter D-Code of Cape Cod Commission <br /> Regulations of General Application. The Act provides that such development agreements may be <br /> entered into so long as the Town's Local Comprehensive Plan has been certified by the Cape Cod <br /> Commission as consistent with the Regional Policy Plan and said certification has not been revoked. <br /> B. Definitions. In addition to the definitions contained in Section 174-3, the following shall apply to this <br /> section: <br /> DEVELOPMENT AGREEMENT - a contract entered into among the Town and/or the Cape Cod <br /> ' Commission, and/or another municipality or municipalities and a holder of property development <br /> rights (Qualified Applicant), the principal purpose of which is to negotiate and to establish the <br /> development regulations that will apply to the subject property during the term of the agreement and to <br /> establish the conditions to which the development will be subject including, without limitation, a <br /> schedule of impact fees. <br /> LEAD COMMUNITY - The Town or, where more the one municipality is a signatory on a <br /> development agreement, the municipality having the largest land area encompassed by the proposed <br /> development, or otherwise by consensus of the municipalities. The Board of Selectmen or their <br /> designee shall be authorized to execute,on behalf of the Town,a development agreement. <br /> r <br /> QUALIFIED APPLICANT - A person who has a majority legal or equitable interest in the real <br /> property which is the subject of the development agreement. A Qualified Applicant may be <br /> represented by an authorized agent. <br /> C. Parties to Development Agreements. A development agreement may be executed by and between the <br /> Town,a Qualified Applicant and <br /> (1) the Cape Cod Commission;or <br /> (2) the Cape Cod Commission and another municipality or municipalities within which the <br /> development is located;or <br /> (3) the Cape Cod Commission and another municipality or municipalities within which the <br /> development is located and with a state agency or agencies;or <br /> (4) another municipality or municipalities within which the development is located;or <br /> ? (5) another municipality or municipalities within which the development is located and a state agency <br /> or agencies. <br /> D. Negotiation and Execution of Development Agreements. <br /> (1) Negotiation of the elements of a development agreement between authorized parties (Subsection <br /> C.) and a Qualified Applicant shall follow all pertinent rules of due process currently required for <br /> public meetings,public hearings,and ratification of board decisions. <br /> (2) Negotiation of the elements of a development agreement between authorized parties (Subsection <br /> C.) and a Qualified Applicant shall be led by the Planning Board or its designee, and may incltide <br /> representatives from other municipal boards, departments and commissions where said joint <br /> participation will assist the negotiation process. Upon completion of such negotiations, the <br /> Planning Board shall prepare a proposed development agreement and vote to recommend it to the <br /> Board of Selectmen for execution. <br /> (3) The Board of Selectmen may execute the development agreement or propose amendments and refer <br /> the development agreement back to the Planning Board for further action. <br />