North Carolina General Statutes 160D-1004. Size and duration
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A local government may enter into a development agreement with a developer for the development of property as provided in this Article for developable property of any size. Development agreements shall be of a reasonable term specified in the agreement. ?(2019-111, s. 2.4; 2020-3, s. 4.33(a); 2020-25, s. 51(a), (b), (d).)
Terms Used In North Carolina General Statutes 160D-1004
- Developer: A person, including a governmental agency or redevelopment authority, who undertakes any development and who is the landowner of the property to be developed or who has been authorized by the landowner to undertake development on that property. See North Carolina General Statutes 160D-102
- Development: Any of the following:
- Local government: A city or county. See North Carolina General Statutes 160D-102
- Property: All real property subject to land-use regulation by a local government. See North Carolina General Statutes 160D-102