1. (a) A development rights and responsibilities agreement shall include:

   1. (1) a legal description of the real property subject to the agreement;
   2. (2) the names of the persons having a legal or equitable interest in the real property subject to the agreement;
   3. (3) the duration of the agreement;
   4. (4) the permissible uses of the real property;
   5. (5) the density or intensity of use of the real property;
   6. (6) the maximum height and size of structures to be located on the real property;
   7. (7) a description of the permits required or already approved for the development of the real property;
   8. (8) a statement that the proposed development is consistent with the comprehensive plan and development regulations of the local jurisdiction;
   9. (9) a description of the conditions, terms, restrictions, or other requirements determined by the local governing body of the local jurisdiction to be necessary to ensure the public health, safety, or welfare; and

   10. (10) to the extent applicable, provisions for the:

       1. (i) dedication of a portion of the real property for public use;
       2. (ii) protection of sensitive areas;
       3. (iii) preservation and restoration of historic structures; and
       4. (iv) construction or financing of public facilities.

2. (b) An agreement may:

   1. (1) set the time frame and terms for development and construction on the real property; and
   2. (2) provide for other matters consistent with this division.

Added by Acts 2012, c. 426, § 2, eff. Oct. 1, 2012.