For one year following preliminary approval and for two years following final approval, unless the subdivider and the city agree otherwise, no amendment to a Comprehensive Plan or official control shall apply to or affect the use, development density, lot size, lot layout or dedication or platting required or permitted by the approved application. Thereafter, pursuant to the city regulations, the city may extend the period by agreement with the subdivider subject to all applicable performance conditions and requirements, or the city may require submission of a new application unless substantial physical investment has occurred in reasonable reliance on the approved application and the subdivider will suffer substantial financial damage as a consequence of a requirement to submit a new application. In connection with a subdivision involving planned and staged development, the city may, by resolution or agreement, grant the rights referred to herein for such periods of time longer than two years where it determines to be reasonable and appropriate.
(1992 Code, § 315:00) (Ord. 1069, passed 3-2-1993)