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A. Use: Use of development agreements in the annexation or rezoning process may be utilized in any zoning district, regardless of lot size, subject to the standards provided for in this chapter.
B. Subsequent Actions: A development agreement shall not prevent the city in subsequent actions applicable to the property from applying new standards, regulations or policies that do not conflict with the written commitments within the development agreement.
C. Encumbrance: The development agreement is binding on the owner of the subject property and each other person acquiring an interest in the property. The owner, lessee, or owners of a valid interest in the property and all subsequent property owners of the property encumbered by the development agreement shall comply with all conditions, terms, obligations and duties contained in the development agreement. Failure to comply may result in termination of the agreement in accordance with section 9-15-8 of this chapter. (Ord. 224, 8-13-2008)