96 STATUTORY DEVELOPMENT AGREEMENTS
If federal, state or regional laws or rules are enacted after City approval of this agreement, which are applicable to and preclude either party's compliance with the terms of this agreement, this agreement shall be modified, amended, cancelled or terminated, as is necessary, to comply with the relevant federal, state or regional laws or rules. |
The terms of the Development Agreement are binding on the City and Owner/Developer for the duration of the Agreement. The Agreement is enforceable by any party to the Agreement. A Development Agreement may be amended or canceled as provided in the Agreement, or by mutual consent of the parties to the Agreement, including agreement with their successors in interest. The governing body of a city or county shall amend or cancel a Development Agreement by adoption of an ordinance declaring cancellation of the Agreement or setting forth the amendments to the Agreement. |