A. The zoning official shall periodically review all permits issued for the planned development, examine all construction that has taken place on the planned development site, and compare actual development with the approved development schedule.
B. If the zoning official shall find that the owners of the property in the planned development area have failed to meet the approved development schedule, or that the rate of construction of dwelling units is greater than the rate at which planned open space and public and recreational facilities have been constructed and provided, the zoning official shall notify the planning commission and village board in writing.
C. Within thirty (30) days of such notice, the village board shall either revoke the PUD classification, and the land shall revert to its former classification, or for good cause shown by the landowner, the limits of the development schedule shall be extended for a reasonable time. (Ord. 2004-10, 6-8-2004)