In the event that the developer fails to commence construction of the buildings in a designed multiple dwelling project within one year from the date of issuance of a building permit therefor or within such further period as may be subsequently authorized by the Building Inspector, then and in that event the Borough may:
(a) Declare the building permit void and all permit fees paid thereunder forfeited.
(b) Declare the bond furnished pursuant to the requirements of Section 1351.06(a) forfeited, and then at its discretion cause all grading, paving, landscaping, screening and all necessary retaining walls to be constructed and/or completed in accordance with the development plan submitted with such application for the designed multiple dwelling project and to recover the costs therefor from such performance bond.
(Ord. 2717. Passed 2-10-86.)