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applicant's written request for such an extension. F. Final Plat 1) Purpose. The approved final plat is the official record of the subdivision to be filed with the County Clerk. It is verification that the subdivided land has been developed sub- stantially in accordance with the approved preliminary plat (or that a bond has been posted which will secure the development as specified in the final plat). The final plat must be approved by the Board of County Commissioners and recorded by the Clerk of the Circuit Court before the developer may sell any lot or parcel. 2) Development Phases. The applicant may schedule proposed development phases within any proposed subdivision. The scheduled development phases shall have been specified on the approved preliminary plat and shall be of such a size and design and be scheduled so that all portions completed at any time can exist independently as a subdivision in complete conformity with the requirements of this ordinance. Any change in the schedule of phases must receive prior approval by the Planning and Zoning Commission. If phased, the applicant shall have the option of requesting either final plat approval or the issuance of a certificate of completion on one or more of the development phases in conformity with all the procedures and requirements of this ordinance. The applicant may not apply for final plat approval on any portion of the approved preliminary plat which he does not propose to record and develop within the following twelve (12) months. Failure to make application for final plat approval of a development phase or for the issuance of a certificate of comple- tion for a development phase on an approved preliminary plat within a period of eighteen (18) months from the date of approval of the preliminary plat shall result in automatic revocation of said preliminary plat unless the applicant applies for an exten- sion from the Board prior to the lapse. The request for extension must be made in writing to the Board and the applicant must demon- strate good cause for the extension. only one extension may be granted and shall not be for a period exceeding eighteen (18) months. -32-