Certainty in the development review process can significantly encourage development or redevelopment of real property. This certainty is especially important for large-scale or multiphase developments that take years to complete and that require substantial financial commitments at an early stage. The city may, when appropriate, enhance certainty by entering into a development agreement with a project sponsor that addresses the "ground rules" for review of the development application and construction of the project. A development agreement provides the opportunity for the city and the developer to agree on the scope and timing of the project, applicable regulations and requirements, mitigation requirements and other matters relating to the development process. A development agreement promotes the general welfare by:
A.
Balancing the public and private interests;
B.
Producing a development which would be as good or better than that resulting from the traditional lot by lot development;
C.
Correlating comprehensively the provisions of state law, the development code, and other ordinances and codes of the city, to permit developments which will provide a desirable and stable environment in harmony with that of the surrounding area;
D.
Encouraging a more creative approach in the development of land that will result in a more efficient, aesthetic, and desirable use of open area, while at the same time maintaining substantially the same population density and area coverage permitted in the zone in which the project is located; and
E.
Permitting flexibility in design, placement of buildings, use of open spaces, circulation facilities, off-street parking areas, and utilizing the potential of sites characterized by special features of geography, topography, size, or shape.
(Ord. 1558 § 1, 2016)