18.02.050 - Qualified applicants.
A. Only a qualified applicant may file an application to enter into a development agreement. A qualified applicant is a person who has legal, equitable or leasehold interest in the real property which is the subject of the development agreement.
B. If the applicant has an equitable interest in the property the owner shall join in the application or the development agreement shall be conditioned upon the close of escrow vesting fee title to the real property in the developer applicant.
C. If the qualified applicant has a leasehold interest in the real property the term of the development agreement shall be limited to the term of the applicant's interest, including any exercised option period. The term of the development agreement shall not exceed the term of the leasehold interest unless the developer applicant acquires fee title to the real property.
D. The planning director may require an applicant to submit proof of the applicant's interest in the real property. The qualified applicant and any successors in interest are hereinafter referred to as "developer."
(Ord. 28986.)