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and.language of the agreement it would then be presented to the Board of Selectmen and <br /> Town Meeting for the formal approval. <br /> Mr. Iascombe described the differences between a Development Agreement and <br /> Development of Regional Impact, the.-regulatory process. One,ofthe advantages of the <br /> Development Agreement for complicated projects with a lot of phasing over a long <br /> period of time is that the time came for approval is much longer. Under the DRI process <br /> a permit can be developed for seven years. with a process for extension contingent upon <br /> consistency with current regulations. Regulations could possibly change twice within <br /> that seven year timeframe. A Development Agreement could potentially be-developed <br /> within twelve }ream and creates a certainty for the developer and the Town, and <br /> establishes and enables more comprchensive planning. <br /> Dennis lalarini asked about benefits to the Cape Cod Commission, <br /> acknowledging that both the developer and the Town should realize certain benefits. <br /> Mr. Niedwiecki responded that there would be no financial benefit for the <br /> Commission. The advantage to the Commission is that the applicant/developer and the <br /> Town benefit, allowing the Commission to facilitate comprehensive planning which is <br /> the Commission's role as the regional planning-agency. <br /> Mr. Niedwiecki stated that some of the monies for mitigation 'Would benefit other <br /> towns. The desire is for those benefits to remain as local and relevant to the immediate <br /> impacts of the project as possible. <br /> The Town Planner asked for clarification as to whether the developer is ready to <br /> begin the Development Agreement, or are these discussions to be considered preliminary. <br /> Mr. Storrs expressed concern regarding the IRI process stipulation that suspends <br /> all local permit process. <br /> Mr. Niedwiecki reported that he has spoken to Commission counsel regarding <br /> some of these issues of concern and has found that because these are considered to be <br /> pre-discussions and Commission Staff is involved,.it does not present itself in a formal <br /> way or violate the L RI process. whether or not a Development Agreement is to be <br /> considered is entirely up to the applicant to decide. A formal application could be filed at <br /> any point in time, and at which point the particular rules of engagement would become <br /> much clearer Commission Planning Board roles). <br /> Inc ftwffier stated that he feels it is appropriate to engage in preliminary Planning <br /> Board participation at this point in order to assist the Commission. He suggested that <br /> process related issues be discussed, and that the Commission recognizes the importance <br /> of the role of the Town./Planning Board wh n-that point has been officially reached as <br /> determined by the appropriate vehicle. The formal process would begin when and if a <br /> Development Agreement application is filed. <br /> 3 <br />