Development Agreements and Vested Rights
Thursday, July 27, 2017, midnight
Friday, July 27, 2018, midnight CDT
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Starting with California in 1979, many states have adopted Development Agreement statutes which allow cities and counties to enter into contracts with landowners and developers which vest their development rights at the time of project approval.
This topic will familiarize you with the practical aspects of vesting your development rights, whether through a common law approach, reliance on a statute such as, in California, the Subdivision Map Act, or entry into a Development Agreement with the local agency. It will address the practical considerations of each approach and the reasons why you might consider a 'belt and suspenders' approach to vesting. With particular emphasis on Development Agreements, the material will address important negotiation and drafting considerations to achieve the best protection for the landowner. It will also look at lessons learned through litigation over development agreements.