If the Village suspends final plat approval for any subdivision plat under these regulations, it shall record a document with the County Recorder of Deeds declaring that final approval for the subdivision is suspended and that the further sale, lease, or development of property within the subdivision is prohibited; except, that this prohibition shall not apply to persons or parties who have acquired property from the subdivider unless the person or party acquiring property meets the definition of "common ownership" in section 11-2-2 of this title. If any court of competent jurisdiction invalidates final plat approval for any subdivision, the Village shall record a document with the County Recorder of Deeds declaring that the final plat for subdivision is no longer valid and that further subdivision activity is prohibited. (Ord. 2012-11, 3-13-2012)