Part 8
Regulatory, enforcement, and coercive powers of local
authorities
Development contributions:
Development agreements
207CContent of development agreement
A development agreement must be in writing and be signed by all parties that are to be bound by the agreement.
A development agreement must include—
- the legal name of the territorial authority that will be
bound by the agreement; and
- the legal name of the developer that will be bound by the
agreement; and
- a description of the land to which the agreement will
relate, including its legal description and, if
applicable,—
- the street address of the land; and
- other identifiers of the location of the land, its
boundaries, and extent; and
- the street address of the land; and
- details of the infrastructure (if any) that each party to
the agreement will provide or pay for.
A development agreement may also include, without limitation, information relating to all or any of the following:
- a description of the development to which the agreement
will relate:
- when infrastructure will be provided, including whether
the infrastructure will be provided in stages:
- who will own, operate, and maintain the infrastructure
being provided:
- the timing and arrangements of any vesting of
infrastructure:
- the mechanism for the resolution of disputes under the
agreement:
- the arrangements for, and timing of, any transfer of land
between the territorial authority and the developer:
- the nature, amount, and timing of any monetary payments
to be made between the parties to the agreement:
- the enforcement of the development agreement by a
suitable means in the event of a breach, including, but
not limited to,—
- a guarantee; or
- a bond; or
- a memorandum of encumbrance.
- a guarantee; or
Notes
- Section 207C: inserted, on , by section 62 of the Local Government Act 2002 Amendment Act 2014 (2014 No 55).