A. Adoption of an Ordinance.
1. If the Council approves the development agreement, it shall do so by the adoption of an ordinance.
2. The City shall not execute the development agreement until 30 days after the ordinance approving the development agreement is adopted.
B. Recordation of Agreement.
1. Within 10 days after the City executes the development agreement, the City Clerk shall submit the agreement for recording with the Office of the County Recorder.
2. If the parties to the agreement or their successor(s)-in-interest, amend or cancel the agreement or if the City terminates or modifies the agreement for failure of the developer to comply in good faith with the terms or conditions of the agreement, the City Clerk shall record the notice of the action with the Office of the County Recorder. (Ord. 935 § 3 (part), 2015)