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, .- , Chapter 1 Development Procedures - Article 4 General Legislative Procedures It is the responsibility of the Planning and Zoning Commission to perform ongoing review of the City's Master Plan, including: (a) Holding an annual public hearing on the plan and recommend any necessary or desirable changes to the Council; (b) Holding public hearings and making recommendations to the Council regarding updates to the land use and transportation elements of the plan at least once every three years; and (c) Holding public hearings and making recommendations to the Council regarding the update of the entire Master Plan document at least once every ten years. Division 2: Petition for Development Agreement Section 1.4.2.1 Purpose, Applicability and Effect (a) Purpose. The purpose of a petition for approval of a development agreement is to determine whether the City wishes to authorize by binding contract a plan of development for land located in the City's extraterritorial jurisdiction, to prescribe land uses, environmental standards, development standards and public facilities standards governing development of the land for the term of the agreement, to provide for delivery of public facilities to the property, and to provide for annexation of the property to the City. (b) Applicability. A development agreement may be approved only for land located in the extraterritorial jurisdiction of the City. A development agreement may be approved to effect a development transfer if the granting site or the receiving site, or both, are located outside the City limits at the time the development agreement is executed. (c) Effect. Approval of a petition for a development agreement authorizes the petitioner to submit a draft development agreement and land use plan to the City for approval. Subsequent approval of the development agreement and land use plan puts into effect the regulations governing the use and development of the land subject to the agreement, authorizes provision of City services in accordance with the agreement, and authorizes the property owner to make application for subordinate development permits. An executed development agreement shall be binding on the property owner, the City and their respective successors-in-interest and assigns for the term of the agreement. Section 1.4.2.2 Sequence of Approvals City of San Marcos, Texas 1-43 Land Development Code - Final