SIGNATURE PROPERTIES TRACT 6551 - Laserfiche WebLink

D. Developer shall not build units at a rate faster than its annual allocation, and it must semi-annually (in February and August) modify, if necessary, its projections to reflect its then-existing best estimate of actual construction. Modifications of projected build-out are unlimited for a participating developer, but the year (s) when construction will be permitted will be determined by Council . Applications must be received by June 30 (for August) and December 31 (for February) . E. When semi-annual reviews are made, Developer may move units into later years or into earlier years from those originally estimated, subject to Council approval. F. Council may extend the Developer' s requested time-frame for pulling building permits in years when actual construction is projected to exceed the General Plan maximum and/or if infrastructure is projected not to be available for new development . G. If the Council must defer Developer' s proposed rescheduling of units to a year later than that requested, Developer shall have a preference in returning units to the originally desired year (if desired) should units in that year become available due to other developers' shifting units to later years . H. For production units, a building permit will be issued only in the calendar year for which a unit has growth management approval . No building permits will be allowed to be pulled 6 months in advance of the calendar year of allocation as allowed under the former growth management ordinance. I . Custom lots, once the public improvements are completed, will not be subject to further developer reallocation, but custom lots, will not be sold prior to the time the public improvements are completed. City will monitor custom lot development and will use estimates of actual custom lot construction in the semi-annual analysis of projected building starts. Custom lots projected to start in a calendar year count toward the General Plan maximum. " 3 -