Washington State Development Agreements: What You Need to Know
Development agreements are an essential tool for local governments and private developers to plan and execute large-scale projects. In Washington State, the Growth Management Act (GMA) requires cities and counties to adopt comprehensive plans that designate land for various uses, such as housing, commercial, industrial, and open space. Development agreements enable private developers to work with local governments to implement the comprehensive plan and build projects that meet the community`s needs.
What is a Development Agreement?
A development agreement is a contract between a local government and a private developer that sets forth the terms and conditions for the development of a property. The agreement typically includes the project`s scope, timeline, design, financing, construction, and other matters related to the development. The agreement also specifies the rights and obligations of the parties involved in the project.
Under the GMA, development agreements must be consistent with the comprehensive plan, local zoning and land use regulations, environmental laws, and other relevant local, state, and federal laws. The purpose of the development agreement is to provide certainty and predictability for both the developer and the community by establishing clear rules and expectations for the project.
Benefits of Development Agreements
Development agreements offer several benefits to local governments, private developers, and communities, including:
1. Alignment with the Comprehensive Plan: Development agreements allow for a comprehensive and integrated approach to development that aligns with the local comprehensive plan. The agreement provides a framework for the development that balances the community`s needs and goals with the developer`s vision and objectives.
2. Certainty and Predictability: Development agreements establish clear rules and expectations for the project, which reduces uncertainty and risks for both the developer and the community. The agreement provides a roadmap for the project`s timeline, design, financing, construction, and other critical aspects of the development.
3. Public Participation: Development agreements provide opportunities for public participation in the development process. The agreement requires public notices, hearings, and meetings to ensure that the community`s interests and concerns are considered and addressed.
4. Economic Development: Development agreements can stimulate economic development by incentivizing private investment in the community. The agreement can provide tax abatements, grants, and other financial benefits that encourage private developers to invest in the community and create jobs.
Washington State Development Agreements
In Washington State, development agreements are governed by the GMA, the State Environmental Policy Act (SEPA), and other applicable laws and regulations. The GMA requires cities and counties to adopt comprehensive plans that guide land use and development in the state. The comprehensive plan must include a capital facilities plan that identifies the public facilities needed to support the development, such as transportation, water, sewer, and parks.
Before entering into a development agreement, local governments must conduct environmental reviews under SEPA. The environmental review assesses the potential environmental impacts of the proposed development and identifies measures to mitigate any adverse effects.
Conclusion
Development agreements provide a valuable tool for local governments and private developers to collaborate on large-scale projects that benefit the community. In Washington State, development agreements must comply with the GMA, SEPA, and other applicable laws and regulations. The agreement provides certainty, predictability, and public participation in the development process, which supports economic development and improves the quality of life for residents. As a professional, I hope this article has provided helpful insights into Washington State development agreements.