§ 416.080. Expiration of An Approved Development Plan.

Final redevelopment plan approval shall not be valid for a period longer than twelve (12) months from the date of such approval, unless within such period a building permit is obtained and substantial construction is commenced and all additional building permits necessary to complete the project as approved in the final redevelopment plan schedule are obtained in a timely fashion as determined by the Building Commissioner. The Board of Aldermen may grant one (1) extension of no more than twelve (12) months upon written request of the original applicant. An application for extension of a final redevelopment plan may be granted, if the application is filed before the final redevelopment plan expires. Upon granting an extension, the Board of Aldermen has the authority to attach new conditions to the final redevelopment plan as it deems appropriate. "Substantial construction", as used in this Section, shall mean completion of at least ten percent (10%) of the construction in terms of the total expected cost of the project for which the permit was issued.

R.O. 2012 §416.080; Ord. No. 1295 §3, 8-19-2003