(a) Each site-specific vesting plan shall include the information required by the Town of Lake Lure for the underlying type of development plan.
(b) Each site-specific vesting plan shall provide the notice and hearing required for the underlying type of development plan.
(c) An approved site-specific vesting plan and its conditions may be amended with the approval of the owner and the local government in the same manner as required for the underlying type of development plan.
(d) Upon following the same process as required for the original approval, the decision-making board or official may extend the vesting of a site-specific vesting plan up to three years (with total length of vesting not to exceed five years) upon finding that:
(1) The permit has not yet expired;
(2) Conditions have not changed so substantially as to warrant a new application; and
(3) The extension is warranted in light of all other relevant circumstances—including, but not limited to the size and phasing of development, the level of investment, the need for the development, economic cycles, and market conditions or other considerations.
(Ord. No. 21-05-11, 5-11-2021)