05/03/1999 Annual Town Meeting - Laserfiche WebLink

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(3) The Board of Selectmen may execute the development agreement or propose amendments and refer the development agreement back to the Planning Board for further action. (4) The Board of Selectmen or their designee shall be authorized to execute, on behalf of the Town, a development agreement. Prior to executing said development agreement, the Board of Selectmen shall, at a public meeting, vote to authorize said execution. The Board of Selectmen shall, within seven (7) days of the vote authorizing the execution of the development agreement, cause said development agreement to be so executed and forward the same to the Qualified 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 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 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, 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. 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.