A. The number of new residential building permits issued each year in the Town of Fairfield will be a maximum of ten percent (10%) of the existing dwellings within the Town.
B. The annual allotment shall be continuously applicable to the Town's jurisdictional boundaries and shall include any additional territory annexed.
C. For purposes of the ordinance, a year shall be the calendar year. If the annual allotment of building permits for a given year is not allotted, it cannot be carried over to a subsequent year.