HB 787

Zoning; development agreements in certain localities. Allows any locality with a population in excess of 250,000 that has adopted a transfer of development rights ordinance to include provisions in its zoning ordinance that allow the governing body to enter into binding development agreements with owners of real property in the locality, so long as the property to be developed contains at least 1,000 acres or is located within a receiving area of a transfer of development rights program. Current law allows only New Kent County to include such provisions allowing for development agreements in its zoning ordinance.