Notwithstanding any other provision of this chapter, a city or county, upon petition by a landowner, may enter into an agreement with the landowner to rescind a contract in accordance with the contract cancellation provisions of

Section in order to simultaneously place other land within that city, the county, or the county where the contract is rescinded under an agricultural conservation easement, consistent with the purposes and, except as provided in subdivision (b), the requirements of the California Farmland Conservancy pursuant to Division 10.2 (commencing with

Section 10200) of the Public Resources Code, provided that the board or council makes all of the following findings: (

a) The proposed agricultural conservation easement is consistent with the criteria set forth in

Section of the Public Resources Code. (

b) The proposed agricultural conservation easement is evaluated pursuant to the selection criteria in

Section of the Public Resources Code, and particularly subdivisions (a), (c), (e), (f), and (h), and the board or council makes a finding that the proposed easement will make a beneficial contribution to the conservation of agricultural land in its area. (

c) The land proposed to be placed under an agricultural conservation easement is of equal size or larger than the land subject to the contract to be rescinded, and is equally or more suitable for agricultural use than the land subject to the contract to be rescinded. In determining the suitability of the land for agricultural use, the city or county shall consider the soil quality and water availability of the land, adjacent land uses, and any agricultural support infrastructure. (

d) The value of the proposed agricultural conservation easement, as determined pursuant to

Section of the Public Resources Code, is equal to or greater than either of the following:

(1) Twelve and one-half percent of the cancellation valuation of the land subject to the contract to be rescinded, pursuant to subdivision (

a) of

Section 51283.

(2) Twenty-five percent of the cancellation valuation of the land subject to the contract to be rescinded pursuant to paragraph (3) of subdivision (

c) of

Section 51297, if the contract was entered into pursuant to

Article 7 (commencing with

Section 51296). (

e) The easement value and the cancellation valuation shall be determined within days before the approval of the city or county of an agreement pursuant to this section.