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:7 <br />ORDINANCE NO. 82 -30 <br />AN -ORDINANCE -OF THE CITY -OF NEWPORT BEACH <br />AMENDING TITLE 15 OF THE NEWPORT BEACH MUNICI- <br />PAL CODE BY ADDING CHAPTER 45, SECTIONS 010 <br />THROUGH 090 THERETO ESTABLISHING PROCEDURES <br />AND REQUIREMENTS FOR THE ADOPTION'OF DEVELOP- <br />MENT AGREEMENTS; 'ORDERING A PUBLIC HEARING <br />THEREON <br />The City Council of the City of Newport Beach DOES <br />ORDAIN as follows: <br />SECTION 1. Title 15, Chapter 45, Sections 010, 020, <br />030, 040, 050, 060, 070, 080 and 090 are hereby added to the <br />Newport Beach Municipal Code and shall read as follows: <br />• Sections: <br />15.45.010 <br />15.45.020 <br />15.45.030 <br />15.45.040 <br />15.45.050 <br />15.45.060 <br />15.45.070 <br />15.45.080 <br />15.45.090 <br />Title 15, Chapter 45 <br />DEVELOPMENT AGREEMENT <br />Purpose <br />Application 6 Fees <br />Contents <br />Public Heari ngl Noti ce <br />Findings <br />Amendment/ Cancellation <br />Periodic Review <br />Local Coastal Program <br />Recordation <br />15.45.010 Purpose. <br />The lack of certainty in the approval of development <br />projects can result in a waste of resources, escalate the cost of <br />• the project and discourage investment i n, and commitment to, <br />comprehensive planning. <br />