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CITY OF PLANO COUNCIL AGENDA ITEM CITY SECRETARY USE ONLY Consent Regular Statutory Council Meeting Date: 05/28/13 Economic Development Department: Department Head Sally Bane Agenda Coordinator (include
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How to fill out development incentive agreement by:

01
Start by obtaining the necessary form or template for the development incentive agreement. This can usually be found online or obtained from the appropriate authorities.
02
Read through the agreement carefully and make sure you understand all the terms and conditions outlined in it. If there are any legal terms or concepts that you are unsure of, consider seeking professional advice.
03
Fill in the required information in the agreement form. This typically includes details such as the names of the parties involved, project description, development timeline, and any financial incentives or benefits being offered.
04
Double-check all the information you have provided to ensure accuracy and completeness. It's crucial to avoid any errors or omissions that could lead to complications or misunderstandings later on.
05
Review any supporting documents or attachments that may be required to accompany the agreement, such as project plans, financial statements, or permits. Ensure that these documents are properly referenced and attached.
06
Consider having the agreement reviewed by legal counsel or a knowledgeable professional to ensure its compliance with relevant laws and regulations.
07
After completing all the necessary steps, obtain the required signatures from all parties involved. This may include representatives from the developer, government agencies, or other stakeholders.
08
Make copies of the fully executed agreement for all parties involved, retaining the original for your records. Distribute the copies as required, and ensure that all parties have a clear understanding of their rights and obligations.

Who needs development incentive agreement by:

01
Developers or individuals seeking to undertake a specific development project may need a development incentive agreement. This can include real estate developers, construction companies, or entrepreneurs looking to establish new businesses.
02
Local or state governments may also require development incentive agreements to provide incentives, such as tax breaks or grants, to attract investment and spur economic development in their jurisdictions.
03
Other stakeholders, such as community organizations or non-profit entities, may also have a vested interest in the terms and conditions of the development incentive agreement. This can include considerations such as affordable housing provisions, environmental impact assessments, or community benefits agreements.
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The development incentive agreement is a contract between a developer and a government entity that provides certain benefits or incentives for the development of a specific project.
Developers who wish to take advantage of incentives offered by a government entity are required to file a development incentive agreement.
Developers must provide detailed information about their project, the incentives they are seeking, and any other relevant details as outlined in the agreement form.
The purpose of a development incentive agreement is to incentivize and support economic development by offering benefits or incentives to developers that will help stimulate growth and create jobs.
Developers must report information such as project details, proposed incentives requested, timelines, financial projections, and any other relevant information specified in the agreement form.
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