§ 59.602. Issuance of a Capacity Reservation Certificate.

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Within twenty (20) working days of the receipt of a request for a CRC, accompanied by a valid Concurrency Encumbrance Letter and the applicable reservation fee, the Concurrency Management Official shall issue a Capacity Reservation Certificate. The Capacity Reservation Certificate shall describe the amount and length of time the capacity shall be reserved. Upon issuance of the Capacity Reservation Certificate, the Concurrency Management Official shall transfer the requested capacity from the encumbered capacity bank to the reserved capacity bank.

(Ord. of 9-16-1991, Doc. #25096; Ord. of 11-16-1992, Doc. #26149)

                    
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