§ 51.038 DEVELOPMENT NON-PERFORMANCE; FORFEITURE OF WATER RIGHTS.

Once a development has received a water allocation from the town’s water portfolio, the developer shall perform as per the development agreement. If the developer does not perform as per the development agreement, and begin construction within 2 years, the developer’s town water allocation shall be forfeited and no fees shall be refunded.

(Ord. 04-578, passed 7-22-2004; Am. Ord. 2022-913, passed 2-22-2022)

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