The City may consider and enter into a development agreement with the owners of real property within the City, or with persons having control of real property within the City if the owners of such real property execute an authorization for such real property to be subject to and bound by the development agreement. In this chapter, the term “owner” shall include both the owner of such real property and such person having control of such property. Per RCW 36.70B.170, the execution of a development agreement is a proper exercise of City police power and contract authority. 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 real property for the duration specified in the agreement. The decision of the city council to approve or reject a request for a development agreement is a proper exercise of police power and contract authority and shall be a discretionary, legislative act.
(Ord. 12-0347 § 1 (Att. A); Ord. 15-0395 § 1 (Att. A))