A. A development agreement shall be initiated by written request from the property owner(s) to the city outlining the area proposed for the development agreement and the reasons a development agreement is being pursued;

B. If the city council determines that a development agreement is an appropriate method to handle the proposed development, the property owner shall be so informed;

C. When a development agreement is being considered, the applicant shall provide the city with plans with sufficient detail to determine the extent of development and its impacts. The city planner shall specify in writing the required materials that must be submitted with the development agreement;

D. The city council in its sole discretion may approve a development agreement; and

E. An approved and fully executed development agreement shall be recorded with the county auditor.