1. (a) An agreement shall include:

   1. (1) a description of the real property subject to the agreement;
   2. (2) the parties involved;
   3. (3) the specific purposes of the agreement;
   4. (4) the duration of the agreement;
   5. (5) a physical description and location of the structures and supporting facilities and features on the real property;
   6. (6) a description of all anticipated permits required or already approved for the development of the real property;
   7. (7) provisions for the construction or financing of adequate public facilities for schools;

   8. (8) a statement that the proposed development is consistent with:

      1. (i) the Commission's general plan; and
      2. (ii) all applicable development laws and regulations; and
   9. (9) a description of the requirements determined by the county planning board to be necessary to ensure the public health, safety, and welfare.

2. (b) An agreement may:

   1. (1) establish the terms by which and a period of time when development, or individual phases, shall begin and be completed; and
   2. (2) provide for other matters in accordance with this division.

Added by Acts 2012, c. 426, § 2, eff. Oct. 1, 2012.