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The approval of a final development plan for a planned unit development district shall be for a period not to exceed two years to allow for preparation and recording of the required subdivision plat and the development of the project. If construction of 25% of the total cost of the project or 25% of the construction cost for the first phase of a project has not been completed within two years after approval is granted, the approved final development plan shall be void, and the land shall revert to the district regulations in which it is located. An extension of the time limit or modification of the approved final development plan may be approved if Council finds that such extension or modification is not in conflict with the public interest.
(Ord. 09-3306, passed 10-15-09)