In order to create a project in an orderly manner, the following time limits shall apply:
A. No more than ninety (90) days shall elapse from the date of the initial agreements to the submission of the feasibility report.
B. No more than ninety (90) days shall elapse from the date of submission of the feasibility report to the date of consummation of the project.
C. In extenuating circumstances these limits may be extended by the city council. Any extension of time will be granted only after due consideration of the circumstances involved. (Ord. 310, 5-2-1960)