ATTACHMENT 5

May 12, 2008

Draft outline of Development Agreement

I. Recitals  /  Preamble  /   Parties

II. Purpose / Intent / Statutory Authority

a. Part 3D, Article 19

III. Definitions

a. Included in this Agreement/ list or attach

b. Reference to article 19, part 3D

c. Reference to LUMO

d. Ordinary meaning unless context indicates otherwise

IV. Term of Agreement/Duration

a. May be extended, amended by agreement of parties

b. Periodic review--frequency

c. Runs with the land

d. Recordation

e. Development schedule

V. How this Agreement is enacted

VI. Legal Description of Property Subject to Agreement

VII. Procedural Provisions

VIII. Substantive Standards-  may include but not be limited to:

a. Permitted Uses

b. Road network/transportation corridors/ bike/ pedestrian

c. Other public facilities:  160A-400.25(4)

d. Identify areas to be preserved, conserved

e. Fiscal Impact

f. Environmental, Energy Conservation, Air quality, Landscape, Stormwater

g. Public facilities- defined and who will provide

h. Public Art standards

i. Required local permits

j. Noise

k. Lighting

l. Neighborhood protection

m. Other conditions for public health, safety or welfare

IX. Modifications and amendments

X. Termination/Default

XI. Remedies/Dispute Resolution

XII. Effect of subsequently enacted laws

XIII. Assignment

XIV. Severability

XV. Governing Law

XVI. Notices

XVII. Entire agreement

XVIII. Counterparts

XIX. Exhibits