A. Applicability. An applicant for a planned development shall be entitled to reserve capacity in the transportation system for the proposed development’s trip generation and shall be deemed to have achieved transportation concurrency, under the concurrency rules and regulations in effect at the time that the concept plan application is vested under 20.260.090 VMC above, if (1) the applicant obtains a certificate of concurrency for all or any portion of its proposed development under Chapter Title 11 VMC, Transportation Concurrency; or (2) the applicant and the City enter into a development agreement as regulated by State statute (36.70B.170 et seq. RCW), which by its terms reserves capacity in the transportation system and includes a finding of transportation concurrency. The term for the concurrency determination shall be set as the term in the certificate of concurrency or the development agreement. (Ord. M-3643, 01/26/2004)