Development Agreements Between Municipalities and Private Parties
February 23, 2022
1:00pm - 2:30pm
Farrell Fritz attorney John Armentano will be a co-presenter of this Stafford webinar.This CLE course will offer guidance to private and local government attorneys negotiating development agreements. The panel will discuss and provide examples for key terms to ensure effective implementation and protect against challenges to the arrangements.
Development agreements offer innovative solutions to local governments and private developers. Public-private development agreements provide various benefits to both parties, including flexibility for long-term projects, innovative funding and financing solutions for developers, and management of infrastructure, taxes, and other issues. Development agreements also provide government oversight and monitoring, more accessible funding, facilitation of a municipality’s comprehensive planning goals, and commitments for public facilities and off-site infrastructure.
Counsel negotiating development agreements must understand what terms will optimize the benefits and reduce the risks of public-private endeavors. A carefully thought-through and explicit agreement should ensure efficient implementation of the parties’ goals and protect them against legal challenges that could arise at different points in the project or plan’s lifecycle.
Listen as our authoritative panel examines the benefits of development agreements and offers practical guidance on provisions and approaches to avoid or handle challenges to the agreements.
For more information and to register, please click here.