A. If a site-specific vesting plan is based on an approval required by a local development regulation, the city shall provide whatever notice and hearing is required for that underlying approval.
B. A duration of the underlying approval that is less than 2 years does not affect the duration of the site- specific vesting plan established under this section or G.S. 160D-108.1.
C. If the site-specific vesting plan is not based on such an approval, a legislative hearing with notice as required by G.S. 160D-602 shall be held.
D. The city may approve a site-specific vesting plan upon any terms and conditions that may reasonably be necessary to protect the public health, safety, and welfare.
E. Conditional approval results in a vested right, although failure to abide by the terms and conditions of the approval will result in a forfeiture of vested rights.
F. The city shall not require a landowner to waive the landowner's vested rights as a condition of development approval.
G. A site-specific vesting plan is deemed approved upon the effective date of the city's decision approving the plan or another date determined by the governing board upon approval.
H. An approved site-specific vesting plan and its conditions may be amended with the approval of the owner and the City. Any substantial modification must be reviewed and approved in the same manner as the original approval.
(Ord. No. O-21-06-15-5, §1, 6-15-21)