1111.07  EFFECTIVE PERIOD OF APPROVAL.
   (a)   Approval shall be effective for a period of twenty-four months from the date the preliminary subdivision plan is approved by the Planning Commission, unless an extension of time is granted by the Commission for good cause shown. Upon the expiration of the time limit, the preliminary subdivision plan must be resubmitted in accordance with preliminary subdivision plan procedures and requirements.
   (b)   The construction of improvements shall be started within one year and all improvements shall be completed within three years of the approval of the preliminary subdivision plan by the Commission. If no construction has begun within one year from the date of approval, the approval shall lapse. At least thirty percent of the total construction costs shall be incurred to define the start of construction.
   (c)   Any request from a developer for an extension of the effective period for a preliminary subdivision plan, over and beyond that set forth in subsection (b) hereof, shall be granted only if the Commission determines that such extension is absolutely necessary and, in addition, the City Engineer determines that the developer is proceeding in a satisfactory manner with the installation of the required improvements. An extension of the effective period for a preliminary subdivision plan, as provided for in this section, shall be for a period not to exceed one year, provided that during the one-year extension period, the developer must meet all applicable rules and regulations, current and in force, during that one-year period, including, but not restricted to, these Regulations and all provisions of the Elyria Zoning Code, and provided further that the developer shall post a performance guarantee, as indicated in Chapter 1114, with the City, to insure completion of the project improvements within the said one-year extension period.
(Ord. 97-297.  Passed 12-15-97.)