The city may enter into a concomitant or development agreement with the applicant as a condition of amending the generalized comprehensive land use map and reclassification, and may through that agreement impose development conditions designed to mitigate potential impacts of the reclassification and development pursuant thereto. A development agreement shall be consistent with applicable development regulations. A development agreement may obligate a party to fund or provide services, infrastructure or other facilities. A development agreement shall reserve authority to impose new or different regulations to the extent required by a serious threat to public health and safety. A public hearing shall be required for both the reclassification of land and the development agreement (RCW 36.70B.180, 36.70B.190 and 36.70B.200). (Ord. 1025, 1998).