A. Within thirty days of final City Council approval of an assessment reimbursement agreement, the applicant shall execute and present such agreement for the signature of the appropriate city officials.

B. To be binding the agreement must be recorded with the King County department of records within thirty days of the final execution of the agreement.

C. If the contract is so filed and recorded, it shall be binding on owners of record within the assessment area who are not party to the agreement. (Ord. 1474 § 1 (part), 1989).