A Landowner can eliminate a lot of uncertainty and risk when developing land in Texas by entering into a Development Agreement with local Municipalities. The Development Agreement also helps the local Municipality set forth rules for development that specifically apply to the subject property.
We at The Moore Group have assisted both Landowners and Municipalities in the preparation of Development Agreements. A Development Agreement should be a “win-win” agreement that helps both parties achieve their goals. It can also streamline procedures for obtaining the additional entitlements that follow the Development Agreement.
One aspect of Land Development that can benefit from a Development Agreement is offsite improvements. Municipalities typically require larger developments to make improvements to the infrastructure adjacent to the proposed development. The infrastructure improvements are needed because of the additional burden a large development puts on local streets and utilities. With a Development Agreement, the Landowner can know in advance how much will be required for offsite improvements, and the Municipality can be sure that the necessary improvements will be made to support the development.
In summary, a Development Agreement can help both the Landowner and the local Municipality plan Development in a way that benefits both parties. We at The Moore Group have experience in the preparation of Development Agreements. We can help prepare a successful Development Agreement