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The city of Burlington bought the land and held it in a development agreement for three years to give the developers time to get permits and financing.
"They negotiate with corporations on a development agreement for each project" which dictates that the developer must include or fund certain pieces of public infrastructure.
The London Paramount resort will be a tie-up between the US studio responsible for the Godfather and Star Trek films and BBC Worldwide, the corporation's commercial arm, which has signed a development agreement for the park.
China has signed a development agreement for one of Turkmenistan's most promising gas fields and will get 30 billion cubic meters, or 1.1 trillion cubic feet of gas, annually over 30 years.
Local and state officials, along with Langley Park community groups, reached a non-binding "community development agreement" for the Purple Line corridor in 2015 that had affordable housing, among other issues, as a goal.
Stanford University and Palo Alto Unified School District (PAUSD) have reached a conditional agreement on community benefits that will be provided to the school district as part of a possible development agreement for the university's proposed General Use Permit.
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Any agency that has contracted with a non-Federal entity to operate a laboratory may develop and provide to such laboratory one or more model cooperative research and development agreements for purposes of standardizing practices and procedures, resolving common legal issues, and enabling review of cooperative research and development agreements to be carried out in a routine and prompt manner.
"We think it's [the fund] a meaningful and significant contribution to public arts in our city," City Arts Commissioner Robert Smith told the council members, who voted unanimously to set aside 2% of previously unallocated fees from development agreements for art and cultural facilities.
Mayor Philip A. Amicone, left, is scheduled to announce a development agreement today for the rehabilitation of two miles of industrialized waterfront land in downtown Yonkers, a spokesman for the mayor said yesterday.
Apple has also entered into a development agreement with AuthenTec for $7.5 million for product development.
GE Plastics already has a joint development agreement with Obducat for advancing the polymers used in nanoimprinting and, while the specific name is officially undisclosed, one of the world's largest semiconductor makers has been its most active customer to date.
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