(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.