01/15/2020 PLANNING BOARD Minutes

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Along with these opportunities,though, come the challenges of a rapidly changing development marketplace, particularly in retail, high costs of development and infrastructure, and uncertainty as to future regulations. A development agreement is an appropriate legal mechanism in that it involves a cooperative process where the parties can create a strategic yet flexible and mutually rewarding vested framework within which the project may succeed and the public benefits ensue. NO1 CRITERIA The proposal meets the criteria listed in Section 5(a)of the Chapter D(Development Agreement Regulations)for eligibility for a Development Agreement as set forth below: i. The project would benefit from a comprehensive review of the foreseeable and planned development to allow for the planning of efficient infrastructure.The development agreement approach also uniquely Incorporates the CCC's planning vision into the regulatory process thereby resulting in more efficient and comprehensive review process. ii. The project exhibits all three of the characteristics listed,including:a large land area(approximately 186 acres);the proposal involves multiple uses and structures;and the land consists of multiple parcels under control by the applicants. iii. Development under the proposed Development Agreement is anticipated to be built in phases over a period of time which would exceed 7 years. IV. The project involves future phases that are not fully or definitively defined. V. The Secretary of Energy and Environmental Affairs has issued several MEPA Certificates on the Property, the most recent of which.1s a March 2, 2001 Certificate on an FEIR for the"Mashpee Commons Master Plan" project. Following Cape Cod Commission certification that this proposal is eligible for a development agreement,the applicants intend to discuss with the MEPA office permitting for future phases of development. vi. The Town of Mashpee has submitted correspondence to the Cape Cod Commission in support of the applicants' request to enter into a Development Agreement, See Exhibit B.