The purpose of this section is to set forth the decision-making and appeal procedures for development agreement applications. In adopting these provisions, the City acknowledges the benefits, including development or redevelopment, of providing certainty regarding applicable development standards, uses, and/or mitigation for major projects or long-term, phased proposals that take years to complete and that require substantial financial commitments at an early stage. The City may, when appropriate, enhance certainty by entering into a development agreement with a project sponsor that addresses the requirements for review of the development application and construction of the project. A development agreement provides the opportunity for the City and the developer to agree on the scope and timing of the project, applicable regulations and requirements, mitigation requirements and other matters relating to the development process. A development agreement promotes the general welfare by balancing the public and private interests, providing reasonable certainty for a development project, and addressing other matters, including reimbursement over time for the financing of public facilities. Development agreements may provide public benefits, such as affordable housing, pedestrian-oriented communities, mixed use development, and creation of public amenities such as park and open spaces.