(2) The city selected for participation in the pilot program by the commission shall ensure that the commercial or industrial developments on the pilot program site continue to be used to implement the master plan for economic development for a period of at least 50 years after the selection of the pilot program site through:
(a) Zoning restrictions; or
(b) Other regulations, provisions or conditions determined by the city.
(3) The city selected for participation in the pilot program by the commission may:
(a) Annex the land included in the pilot program site.
(b) Rezone the land, or any portion thereof, included in the pilot program site to accommodate the provisions of the city’s master plan for economic development. [2017 c.709 §3]