(A) Start of construction; completion. The developer must begin initial construction of the Special Development District within three years from the time of its final approval, and continue diligently toward the completion of the project. If the Special Development District is to be developed in phases, the developer must begin construction of subsequent phases within one year of the completion of the previous phase.
(B) Approval voided. If the applicant does not begin and diligently work toward the completion of the Special Development District or any stage of the Special Development District within the time limits imposed by the preceding subsection (A), the approval of said Special Development District shall be void. The Planning and Environmental Commission and Town Council shall review the Special Development District upon submittal of an application to reestablish the Special Development District following the procedures outlined in § 12-9A-4 of this article.
(Ord. 21(1988) § 1; Ord. 29(2005) § 26)