The Mayor and Council of Federalsburg shall exercise the authority
granted by § 13.01 of Article 66B, Zoning and Planning,
of the Annotated Code of Maryland to enter into development rights
and responsibilities agreements.
Any person having a legal or equitable interest in real property
located within the boundaries of the Town may petition the Mayor and
Council of Federalsburg to enter into an agreement pertaining to the
development of that property.
Upon receipt of a petition to enter into an agreement, the Mayor
and Council of Federalsburg shall refer the petition to the Planning
Commission for a determination as to whether the proposed agreement
is consistent with the Town's Comprehensive Plan. The Mayor and Council
of Federalsburg may not enter into an agreement unless the Planning
Commission determines whether the proposed agreement is consistent
with the Comprehensive Plan.
Unless terminated under §
245-151 of this article, the Town or the petitioner, and their successors in interest, may enforce the agreement.