(A) Authority. The Planning Commission and the City Council shall have the right to review the appropriateness of a change of zone if the privilege granted by such change of zone are not exercised within a period of 12 months or such other length of time as may have been specified for the development of the land in the ordinance granting such change.
('64 Code, § 81.00)
(B) Grounds for reversion. It is hereby declared that failure to utilize a new zone classification within 12 months of the effective date of granting of the change shall be considered ample evidence that the change of zone was not necessary nor justified, and shall be sufficient grounds for reverting the land to its original zone, or to such other zone as the Commission and Council deem to be in the best interest of the health, safety, convenience and general welfare of the community.
('64 Code, § 81.01)
(C) Notification of property owners. The owners of any land involved in a proposed reversion of zone shall be notified in writing of the Council's intent at least 30 days prior to the required hearing.
('64 Code, § 81.02)
(D) Public hearing required. A public hearing shall be required on any proposed reversion of zone and notice of said hearing shall be given in the same manner as required in § 155.862 for a hearing on a change of zone.
('64 Code, § 81.03)
(E) Council action. Subsequent to the required hearing, the Council may change the land to its original zone or to such other zone as the Council deems to be in the best interest of the health, safety convenience and general welfare of the community.
('64 Code, § 81.04)