5-2-3: ANNEXED PROPERTY:
   A.   Any and all property which may hereafter be annexed to the city shall be zoned AG agricultural district upon its annexation. Any property annexed to the city may be rezoned at any time after annexation, in the manner provided by this code and by the applicable laws and statutes of the state.
   B.   If the owner of any property sought to be annexed to the city is desirous of having same zoned anything other than an AG agricultural district, the owner may, prior to annexation, present a proposed use plan and preannexation agreement to the city council for its review. Said proposed use plan and preannexation agreement shall comply with all applicable city ordinances and state laws regarding plats, subdivisions, land use, city plans and preannexation agreements and state the requested zoning classification. The owner of such property shall pay a nonrefundable fee to the city of five hundred dollars ($500.00) plus ten dollars ($10.00) per acre (or any part thereof) for every acre over twenty five (25) acres in the property proposed to be annexed. Upon approval of the proposed use plan and preannexation agreement, if same are approved by the city council, the city may commit to zoning the land as something other than AG agricultural upon annexation.
   C.   The city's approval of any preannexation agreement and zoning classification shall not be final and binding upon the city until the preannexation agreement is executed by all parties.
   D.   Any preannexation agreement executed by the city shall contain a deadline date by which the person seeking annexation shall petition for same with the city. Failure to petition for annexation by said deadline date shall invalidate and render null and void the preannexation agreement and none of the parties shall have any further rights or obligations with respect thereof. (Ord. 461, 4-25-1994)