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Resolution No. 93-139 <br />Page Four <br /> <br /> When semi-annual reviews are made, developers may move units <br />10. into later years or into earlier years from those originally <br /> estimated, subject to Council approval- The intent is to <br /> allow a developer who is ready to build to utilize the <br /> allocated units of a developer who is moving units to later <br /> years, thus coming closer to actual construction meeting the <br /> total yearly allocation, as well as eliminating the backlog. <br /> <br /> 11. par~icipating developers agree to allow Council to extend the <br /> requested time-frame for pulling building permits in years <br /> when actual construction is projected to exceed the General <br /> Plan maximum and/or if infrastructure is projected not to be <br /> available for new development- <br /> <br /> 12. For production units or apartments, a building permit will be <br /> issued only in the calendar year for which a unit .has growth <br /> management approval. No building permits will be allowed to <br /> be pulled 6 months in advance of the calendar year of <br /> allocation as .allowed under the former growth management <br /> ordinance · <br /> <br /> 13. If the Council must defer a developer*s proposed rescheduling <br /> of units to a year later than that requested, that developer <br /> shall have a preference in returning units to the originally <br /> desired year (if desired)'should units in that year become <br /> available due to other developers' shifting units to later <br /> years · <br /> For example, assume that after the initial reallocation <br /> the units look like this:- <br /> <br /> 700 650 500 450 400 <br /> <br /> Assume Developer X has 50 units for 1994, 30 in 1995, al~d <br /> 20 in 1996. In July 1994, X believes it will only be <br /> able tc pull 30 building permits for 1994. Consequently, <br /> X ~ reallocate the remaining 20 units and thereby <br /> requests reallocation for 1995. Because, however, 1995 <br /> already has 650 approved units, Council reallocates the <br /> 20 units to 1996. <br /> Then in July 1995, Developer Y who had 50 units for 1995 <br /> asks to move 30 units to 1996. Council agrees, but now <br /> an -opening" in 1995 has been created. Developer X would <br /> be .given a preference to move the 20 un'its (reallocated <br /> from 1994 to 1996) to 1995. <br /> <br /> <br />