align="center">CHAPTER 26. SPRING LAKE SPECIFIC PLAN BUILDING UNIT ALLOCATION PROGRAM
Sec. 26-2-10. Staged release of BUAs.
The city shall release BUAs in three stages as described in this article.
The projected dates for each stage, or “release,” are based on the
assumption that landowners have obtained land use entitlements and are prepared
to advance the funds or obligate their respective properties to bond financing
to begin construction of the physical improvements. Accordingly, the release
dates identified in this chapter may be earlier or later than planned,
contingent upon the city’s determination, in its sole discretion, that
sufficient progress has been achieved toward securing approval of land use
entitlements. (Ord. No. 1343, § 3, (part).)