The following time limitations shall apply to planned developments.
(A) Actual construction shall occur within one year following the date of final approval of the development plan and shall be diligently pursued to completion. In any event, where construction has not been commenced within the one-year period, the Board of Trustees may allow a reasonable extension upon written request by the applicant providing reasonable cause for an extension to be granted.
(B) In the event construction has not been commenced within the one year following final approval and an extension of time has not been granted by the Village Board, the special use permit shall automatically lapse.