A. Residential Development Rights: The right to construct all residential units shall vest at the time the final plat is recorded and the first valid permit is issued. If construction is not commenced within five (5) years of the date a final plat is recorded, such rights shall expire and require reapproval of the plat.
B. Nonresidential Development Rights: Development rights for all purposes other than residential use shall vest upon the issuance of all valid permits required by the city, and construction has commenced beyond the foundation or slab installations. (Ord. 1067, 6-19-2006)