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Code · Oregon · ORS Chapter 94 · Real Property Development · Development Agreements

94.522 Amendment or cancellation of agreement; enforceability

95 words·~1 min read·/or/ors-chapter-94/real-property-development/development-agreements/94-522·

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94.522 Amendment or cancellation of agreement; enforceability.
(1)A development agreement may be amended or canceled by mutual consent of the parties to the agreement or their successors in interest. The governing body of a city or county shall amend or cancel a development agreement by adoption of an ordinance declaring cancellation of the agreement or setting forth the amendments to the agreement.
(2)Until a development agreement is canceled under this section, the terms of the development agreement are enforceable by any party to the agreement. [1993 c.780 §5]
Note: See note under 94.504.
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