This chapter shall take effect on June 1, 2000. However, this chapter shall not apply to any development activity with respect to which the developer has, prior to June 1, 2000:
A. 1. Acquired title to or control of the property to be developed, or
2. Obtained a commitment for financing of the development activity; and
B. Submitted development plans for the development activity to the City for review.
For purposes of this section, a person acquires "control" of property when that person becomes the lessee of the property, obtains an option to purchase the property or becomes a party to a fully executed purchase contract for the property. (Ord. 23-00 § 2, 2000: Ord. 106-99 § 2, 1999)