(A) If no construction has begun in the Planned Residential Development within one year from the date of approval and recording of documents, the approval shall lapse and be of no further effect. The city council, for good cause, may extend, for periods not to exceed one year, the time for beginning construction.
(B) If an approved development application shall lapse, as provided herein, notice of the lapse shall be recorded by the city clerk in the Cook County recorder's office, and thereafter the approval shall be considered as having been revoked.
(C) Nothing herein shall be considered as affecting the lapse and revocation if the developer commences construction. If construction commences, the final development approval may be modified only in accordance with § 153.129 hereafter.
(D) If no construction has begun in any subdivision within a development within 6 months from the date the approved subdivision map was recorded, the subdivision approval shall lapse and be of no further effect. The city council, for good cause, may extend for periods of 6 months the time for beginning construction. Except as provided in division (A) above, the lapsing of subdivision approval shall not result in the lapsing of a development approval.
(E) Written notification of the lapse shall be forwarded to the developer, and the city clerk shall attach a copy of the notification to the recorded subdivision map.
(Ord. O-17-70, passed 7-7-70)