§ 59.603. Reservation Time Period.

Capacity shall be reserved for a specified time frame under certain conditions.

1 .

[Capacity Reservation Certificate.] Capacity Reservation Certificate shall allow the applicant to reserve infrastructure capacity for up to three years. Capacity shall be reserved based on the standards and criteria for Concurrency Evaluations identified in Part 3 of this Chapter. For accounting purposes, the Concurrency Management Officer (CMO) shall reserve the requested capacity from the appropriate capacity bank for the timeframe specified in the approved capacity reservation certificate.

2.

Reserved.

3.

Limit on Reservation. In no event shall the CMO allow the reservation of more than ninety percent (90%) of the available capacity of any public facility.

4.

Reserved.

5.

Reserved.

Expiration. Upon expiration of the time frame set forth in the Capacity Reservation Certificate, if a building permit was not obtained within the reservation period, the Concurrency Management Official shall transfer the reserved capacity to the available capacity bank.

(Ord. of 9-16-1991, Doc. #25096; Ord. of 11-16-1992, Doc. #26149; Ord. of 12-13-1993, Doc. #27098; Ord. of 10-5-2009, § 8, Doc. #0910051104; Ord. No. 2017-4, § 1(Exh. A), 2-27-2017, Doc. #1702271206)