The purpose of this chapter is to provide procedures and requirements for consideration of development agreements in compliance with the provisions of California Government Code Sections 65864 through 65869.5. The purpose of development agreements is to benefit the public, in that:
A.
Development agreements increase the certainty in the approval of development projects, thereby preventing the waste of resources, reducing the cost of development to the consumer, and encouraging investment in and commitment to comprehensive planning, all leading to the maximum efficient utilization of resources at the least economic cost to the public.
B.
Development agreements provide assurance to the applicant for a development project that upon approval of the project, the applicant may proceed with the project in accordance with existing policies, rules, and regulations, and subject to conditions of approval, thereby strengthening the public planning process, encouraging private participation in comprehensive planning, and reducing the economic costs of development.
C.
Development agreements enable the City to plan or and finance public facilities, including, but not limited to, streets, sewerage, transportation drinking water, school, and utility facilities, thereby removing a serious impediment to the development of new housing.
(Ord. 247, 1/15/2025)