(A) Consideration of an agreement concerning the development of land by the planning commission:
1. The planning commission shall set a date for public hearing of the application to enter into an agreement concerning the development of land. Such public hearing shall be held after a public notice of time, date and place of such hearing has been given in accordance with any requirements of Nevada Revised Statutes. Such notice shall include a legal description of the land which is the subject of the agreement, a statement of existing zoning and current use of the property, and a general description of the proposed content of the agreement.
2. Within forty (40) days after the conclusion of the public hearing, the planning commission shall file a written report containing the commission's recommendation to the city council which shall include a finding of conformance or nonconformance with the general plan.
3. Upon receipt of the planning commission's recommendation to the city council, the city council shall set a date for public hearing of the matter concerning the agreement for the consideration of the city council subject to the same notice requirements contained within this section.
4. At the conclusion of the public hearing, or within thirty (30) days thereafter, the city council may, if it finds that the provisions of the agreement are consistent with the general plan, approve the agreement by ordinance.
5. Within a reasonable time after approval of the agreement, the city clerk shall cause the original agreement and a certified copy of the local ordinance adopting the agreement to be filed with the county recorder for recording. Upon recordation the agreement binds all parties and their successors in interest for the duration of the agreement. (Ord. 221, 12-13-2006)