A.
This title shall be known as the "Development Agreement Ordinance" of the Municipal Code and is adopted to supplement and implement Article 2.5, Development Agreements, of the state Planning and Zoning Law.
B.
It is the purpose of this title to:
1.
Minimize the waste of resources and the escalation in the costs of housing and other development arising from uncertainties inherent in the approval of such projects; and
2.
Provide a means of assuring that, upon approval of a project, the project may proceed with development in accord with the rules, regulations and policies made part of the development agreement.
(Ord. 94-04)