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RESOLUTION 24092010 - <br />Commencement and Process of Development <br />2. In the event the developer fails, within enc year eighteen months from the effective <br />date of the DO, to commence significant physical development beyond the <br />development in existence on the approval date of the DO, development approval shall <br />terminate, and the development shall be subject to further DRI review by the Council, <br />Department of Community Affairs, and Indian River County pursuant to Section <br />380.06, Florida Statutes. For the purpose of this paragraph, construction shall be <br />deemed to have initiated after placement of permanent evidence of a structure (other <br />than a mobile home) on a site, such as the pouring of slabs or footings or any work <br />beyond the stage of excavation or a land clearing, or construction of a permanent <br />access road. <br />Phasing <br />3. a. The phasing of the development is approved and building permits shall be issued <br />and vested for traffic concurrency except as noted as follows: <br />Pha <br />se <br />Commencement <br />Residential/ <br />Single <br />Family <br />Dwelling <br />unit -s ni <br />Multiple <br />Family <br />Dwelling <br />Units <br />Recreational/ <br />Clubhouse <br />Other <br />Date <br />Commercial <br />Years <br />Vested <br />Until <br />Is <br />1 <br />2005-4006 <br />12/31/2016 <br />733 <br />0 <br />2.2 acre <br />School site <br />518 <br />and <br />Preservation <br />areas <br />2 <br />2012 <br />12/31/2019 <br />150 <br />0 <br />2.7 acre <br />2006 2007 <br />310 <br />3 <br />2013 <br />12/31/2020 <br />150 <br />0 <br />0 <br />2007 2008 <br />442 <br />4 <br />2014 <br />12/31/2021 <br />52 <br />98 <br />1.5 acre <br />20,000 sq. ft. <br />2008 2009 <br />0 <br />Neighborhood <br />Commercial* <br />5 <br />2015 <br />12/31/2022 <br />150 <br />0 <br />2.4 acre <br />2009 2010 <br />261 <br />6 <br />2016 <br />12/31/2023 <br />26 <br />124 <br />4.2 acre <br />2010 2011 <br />7 <br />2017 <br />12/31/2024 <br />113 <br />0 <br />0 <br />Totals <br />1,374 <br />222 <br />13.0 acre <br />RM: 7375429: 1 <br />3 <br />