§ 6.04.7630. Periodic review.

1.

Every development agreement, approved and executed in compliance with this section, shall be subject to periodic city review during the full term of the agreement. (The review schedule shall be specified in the agreement.) Appropriate fees to cover the city's cost(s) to conduct the periodic reviews shall be collected from the applicant/contracting party in compliance with Subsection 6.04.7605;

2.

The purpose of the periodic reviews shall be to determine whether the applicant/contracting party or its successor-in-interest has complied in good faith with the terms or conditions of the development agreement. The burden of proof shall be on the applicant/contracting party or its successor to demonstrate compliance, to the full satisfaction of, and in a manner prescribed by, the city; and

3.

If, as a result of periodic review in compliance with this subsection, the council/redevelopment agency finds and determines, on the basis of substantial evidence, that the applicant/contracting party or its successor-in-interest has not complied in good faith with the terms or conditions of the development agreement, the council/redevelopment agency may order, after a noticed public hearing in compliance with Subsection 6.04.7610, that the agreement be terminated or modified.