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y Applicant by certified, return receipt mail. Within twenty-one (21) days of the date said development agreement has been mailed by the Board of Selectmen, the Qualified Applicant shall execute the agreement and return either by certified mail or hand delivery, the fully executed development agreement. E. Elements of Development Agreements. (1) Proffers by a Qualified Applicant: A development agreement may include, but is j not limited to, provisions whereby a Qualified Applicant agrees to provide certain benefits which contribute to one or more of the following: infrastructure; public capital facilities; land dedication and / or preservation; affordable housing, either on or off-site; employment opportunities; community facilities; recreational facilities and / or any other benefit intended to serve the proposed development, the Town, another municipality or the county, including site design standards to ensure preservation of community character and natural resources. (2) Proffers by a Lead Community: A development agreement may include provisions i. whereby a Lead Community and / or an abutting municipality agree to provide certain protection from future changes in applicable local regulations and assistance in streamlining the local regulatory approval process. Streamlining may include, where not in conflict with existing local, state or federal law, holding of joint hearings, coordination of permit applications and, where possible, `i accelerated review of permit approvals. A development agreement may also provide for extensions of time within which development approvals under state, regional and local laws may be extended to coincide with the expiration of the development agreement established in Subsection G. below. When the Cape Cod Commission is not a party to the development agreement, land use development rights shall not vest with respect to Cape Cod Commission regulations and designations and the property shall be subject to subsequent changes in the Commission's regulations and designations. 1 i F. Procedural requirements for Development Agreements where the Cape Cod Commission is a party to the Agreement. (1) Where the Cape Cod Commission is to be a party to a development agreement, a Qualified Applicant shall complete a Development Agreement Application Form and comply with the specific requirements set forth in Section 5 of Chapter D of the Code of Cape Cod Commission Regulations of General Application, as revised. (2) Where the Cape Cod Commission is to be a party to a development agreement, the procedural requirements established in Section 5 of Chapter D of the Code of Cape Cod Commission Regulations of General Application, as revised shall be followed and no such development agreement shall be valid unless and until the requirements of said Section 5 of Chapter D have been complied with in full. G. Procedural requirements for Development Agreements where the Cape Cod Commission is not a party to the Agreement 27 I