(a) An agreement shall include:
(1) a description of the real property subject to the agreement;
(2) the parties involved;
(3) the specific purposes of the agreement;
(4) the duration of the agreement;
(5) a physical description and location of the structures and supporting facilities and features on the real property;
(6) a description of all anticipated permits required or already approved for the development of the real property;
(7) provisions for the construction or financing of adequate public facilities for schools;
(8) a statement that the proposed development is consistent with:
(i) the Commission’s general plan; and
(ii) all applicable development laws and regulations; and
(9) a description of the requirements determined by the county planning board to be necessary to ensure the public health, safety, and welfare.
(b) An agreement may:
(1) establish the terms by which and a period of time when development, or individual phases, shall begin and be completed; and
(2) provide for other matters in accordance with this division.