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i <br /> (5) another municipality or municipalities within which the development <br /> is located and a state agency or agencies. <br /> D. Negotiation and Execution of Development Agreements. <br /> (1) Negotiation of the elements of a development agreement between <br /> authorized parties (Subsection C.) and a Qualified Applicant shall follow <br /> all pertinent rules of due process currently required for public meetings, <br /> public hearings, and ratification of board decisions. <br /> (2) Negotiation of the elements of a development agreement between <br /> authorized parties (Subsection C.) and a Qualified Applicant shall be led <br /> by the Planning Board or its designee, and may include representatives <br /> from other municipal boards, departments and commissions where said <br /> joint participation will assist the negotiation process. <br /> (3) The Board of Selectmen or its designee shall be authorized to <br /> execute, on behalf of the Town, a development agreement. Prior to <br /> executing said development agreement, the Board of Selectmen shall, at a <br /> public meeting,vote to authorize said execution. The Board of Selectmen <br /> shall, within seven (7) days of the vote authorizing the execution of the <br /> development agreement, cause said development agreement to be so <br /> executed and forward the same to the Qualified Applicant by certified, <br /> return receipt mail. Within twenty-one (21) days of the date said <br /> development agreement has been mailed by the Board of Selectmen, the <br /> Qualified Applicant shall execute the agreement and return either by <br /> certified mail or hand delivery, the fully executed development <br /> agreement. <br /> E. Elements of Development Agreements. <br /> (1) Proffers by a Qualified Applicant: A development agreement may <br /> include, but is not limited to, provisions whereby a Qualified Applicant <br /> agrees to provide certain benefits which contribute to one or more of the <br /> following: infrastructure; public capital facilities; land dedication and/ or <br /> preservation; affordable housing, either on or off-site; employment <br /> opportunities; community facilities; recreational facilities and / or any <br /> other benefit intended to serve the proposed development, the Town, <br /> another municipality or the county, including site design standards to <br /> ensure preservation of community character and natural resources. <br /> (2) Proffers by a Lead Community: A development agreement may <br /> include provisions whereby a Lead Community and / or an abutting <br /> municipality agree to provide certain protection from future changes in <br /> applicable local regulations and assistance in streamlining the local <br /> regulatory approval process. Streamlining may include, where not in <br /> conflict with existing local, state or federal law, holding of joint hearings, <br /> coordination of permit applications and, where possible, accelerated <br />