A. The city may enter into a development agreement with the owner of real property within the city. The city may enter into a development agreement for real property outside its boundaries as part of a proposed annexation or a service agreement. For purposes of this chapter, the term “owner” shall include both the owner of such real property and such person having control of such property; provided, that such person provides documentation of the owner’s authorization to execute the agreement. A development agreement must set forth the development standards and other provisions that shall apply to and govern and vest the development, use and mitigation of the development of the subject property for the duration specified in the agreement.

B. The decision of the city council to approve or deny a request for a development agreement is a proper exercise of police power and contract authority. The decision whether to approve a development agreement shall lie within the city council’s exclusive discretion. (Ord. 1172-19 § 3 (Exh. A)).