(A) The approval of a Stage II Site Plan for a planned institutional development shall be for a period not to exceed two years from the enactment date of the official zoning map amendment to allow for the development of the project.
(B) If construction of 25% of the total cost of the project has not been completed within two years after the enactment date of the official zoning map amendment, the approved final Stage II Site Plan shall be void, and the land shall revert to the zoning district designation in which it is located at the time of PID application.
(C) If the project is not completed within two years after the enactment date of the official zoning map amendment and if construction of at least 25% of the total cost of the project has been completed within the same two year period, the applicant may apply for a one year extension to fully complete the project. A one year extension of the initial two year project approval period may be granted if Council finds that such extension is not in conflict with the public interest and the applicant has demonstrated substantial progress towards completing the project.
(D) If Council approves a one year extension, the project shall be wholly completed within three years from the enactment date of the official zoning map amendment. Failure to complete the project within this three year period shall constitute a zoning violation under this Zoning Code and the penalty provisions set forth in § 153.027 shall apply.
(Ord. 11-3336, passed 4-7-11)