This text of North Dakota § 48-02.1-04 (Contents of development agreements) is published on Counsel Stack Legal Research, covering North Dakota primary law. Counsel Stack provides free access to over 12 million legal documents including statutes, case law, regulations, and constitutions.
A development agreement for a fee-based facility entered into pursuant to this chapter may
provide for private ownership of the facility without reversion of title; for operating the facility
under lease or management contract; for build, operate, and transfer facilities or build, transfer,
and operate facilities; or any other form of ownership or operation considered advisable by the
public authority. A development agreement may permit the private operator to:
1.Assemble funds from any available source, including federal, state, and local grants,
bond revenues, contributions, and pledges; and
2.Incorporate related improvements into the fee-based facility, subject to requirements of
state and federal law.
A development agreement may also include grants of title, easements, rights of way,
Free access — add to your briefcase to read the full text and ask questions with AI
A development agreement for a fee-based facility entered into pursuant to this chapter may
provide for private ownership of the facility without reversion of title; for operating the facility
under lease or management contract; for build, operate, and transfer facilities or build, transfer,
and operate facilities; or any other form of ownership or operation considered advisable by the
public authority. A development agreement may permit the private operator to:
1. Assemble funds from any available source, including federal, state, and local grants,
bond revenues, contributions, and pledges; and
2. Incorporate related improvements into the fee-based facility, subject to requirements of
state and federal law.
A development agreement may also include grants of title, easements, rights of way, and
leasehold estates that are necessary to the fee-based facility. In addition, a development
agreement may authorize the private operator to charge variable-rate fees based on time of day,
characteristics of services, or other factors and measurement methods considered significant by
the public authority for the particular facility.