Development agreements.

HB 205 creates a new legal framework for cities, towns, and counties in Wyoming to enter into development agreements with property owners. The bill requires these agreements to lock in existing zoning, building codes, and land use rules at the time of signing - meaning future changes to those rules won't override the agreement. Key provisions include specifying agreement duration, permitted land uses, building height limits, public facility requirements, and construction timelines. It also ensures agreements remain enforceable even if local land use plans change, and sets conditions for annexation of unincorporated land. This directly affects local governments, developers, and property owners by stabilizing development terms during project planning.