Nevada Revised Statutes 278.02598 – Governing body authorized to negotiate master development agreements to carry out plan for infrastructure
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1. A governing body may carry out the plan for infrastructure by negotiating master development agreements, independently or in conjunction with an interlocal agreement for the area.
Terms Used In Nevada Revised Statutes 278.02598
- Equitable: Pertaining to civil suits in "equity" rather than in "law." In English legal history, the courts of "law" could order the payment of damages and could afford no other remedy. See damages. A separate court of "equity" could order someone to do something or to cease to do something. See, e.g., injunction. In American jurisprudence, the federal courts have both legal and equitable power, but the distinction is still an important one. For example, a trial by jury is normally available in "law" cases but not in "equity" cases. Source: U.S. Courts
- person: means a natural person, any form of business or social organization and any other nongovernmental legal entity including, but not limited to, a corporation, partnership, association, trust or unincorporated organization. See Nevada Revised Statutes 0.039
2. As used in this section, ‘master development agreement’ means a written agreement:
(a) Between a governing body and a person who has a legal or equitable interest in land that is entered into upon the application of the person who wishes to develop that land;
(b) To enable the governing body to distribute equitably the costs to develop infrastructure for an area of land that is undeveloped land; and
(c) That is based on an analysis of the need for infrastructure that is prepared pursuant to NRS 278.02591.