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<br /> <br /> <br /> <br /> <br /> <br /> <br /> <br /> <br /> <br /> TERM OF THE DEVELOPMENT AGREEMENT <br /> <br /> The Development Agreement shall be effective for a period of thirty (30) years unless terminated <br /> sooner by mutual agreement of Oceanside and the County. (Section 3, Page 14). <br /> <br /> PROCESS <br /> <br /> In accordance with the requirements of Ordinance 93-37, Hawaii County Code and Office of the <br /> Mayor Rule No. 1, the procedure for processing the Development Agreement application is as <br /> follows: <br /> <br /> 1. Upon receipt of a Development Agreement Application, the Planning Department <br /> shall review the application for completeness. <br /> <br /> 2. Within thirty (30) days of receipt of the complete application, the Planning <br /> Department shall submit a summary description of the project, comments and <br /> recommendations and draft Development Agreement to the Mayor. <br /> <br /> 3. The Mayor or his designee shall then negotiate the terms of the Development <br /> Agreement with the applicant and shall prepare the final draft agreement for <br /> submittal to the County Council. <br /> <br /> 4. The County Council shall conduct a public hearing in the Council District where <br /> the subject property is located. <br /> <br /> 5. The Council may either approve, modify, or reject the draft Development <br /> Agreement. <br /> <br /> 6. The Council approval by resolution shall be a precondition for execution of the <br /> Development Agreement by the Mayor. <br /> <br /> 7. Upon receipt of the approved resolution of the Development Agreement, the <br /> Mayor may then execute the agreement on behalf of the County. <br /> <br /> 8. The copy of the executed Development Agreement shall be provided to the <br /> applicant and a copy filed with the Bureau of Conveyances within twenty (20) days <br /> of its execution. <br /> <br /> Development Agreement Fzecutive Summary <br /> 3 <br />