Municipality Due Diligence for Development Projects: Strategies for Avoiding Developer-Sided Agreements
Course Details
- smart_display Format
On-Demand
- signal_cellular_alt Difficulty Level
Intermediate
- work Practice Area
Government
- event Date
Tuesday, June 27, 2023
- schedule Time
1:00 p.m. ET./10:00 a.m. PT
- timer Program Length
90 minutes
-
This 90-minute webinar is eligible in most states for 1.5 CLE credits.
This CLE webinar will discuss the issues a municipality should consider when selecting and negotiating a construction or development agreement with a developer. The program will review what cities and towns should think about from both business and legal perspectives.
When considering development agreements, municipalities can get taken advantage of with respect to a number of critical issues because they are not as specialized or experienced as the developers who want to do business with them.
Municipalities need more training on how to navigate these public-private partnerships. They also need additional instruction and insights about all financing structures available, including tax exempt bonds.
Without knowing what questions to ask and what red flags to watch for, a municipality can end up with one-sided development agreements weighted in the developer's favor, with potentially dire financial consequences.
Listen as this experienced panel discusses the issues a municipality should be considering when selecting and negotiating a development agreement with a developer.
- Defining due diligence for each project
- Business issues
- Legal issues
- Strategies for municipalities
The panel will review these and other critical issues:
- What are the most important sections of the development agreements for municipalities?
- What financing structures are available for public-private partnerships?
- How can cities shift the risk to developers or at least keep the risks even?
