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All homes for which building permits were pending at City Hall on January 16, 1978, shall be permitted in accordance with the building code and fee schedule as it existed prior to January 16, 1978. Between January 16, 1978, and February 1, 1978, no builder, developer, or contractor shall be permitted for more homes than he has been permitted for in a pro-rata time period for the next immediate proceeding twelve-month period of time prior to February 1, 1978. For the purpose of this computation, the builder, developer, or contractor shall be authorized additional permits for any homes that he certifies to as having been validly contracted for sale to a bona-fide third party purchaser prior to January 16, 1978.
('69 Code, § 6-24) (Ord. 461, passed 1-16-78; Am. Ord. 1715, passed 5-2-12)