align="center">CHAPTER 26. SPRING LAKE SPECIFIC PLAN BUILDING UNIT ALLOCATION PROGRAM
Sec. 26-2-20. First release BUAs.
Subject to the city’s determination as described in Section 26-2-10
of this chapter, the city shall release one thousand two hundred forty-two BUAs
(“first release group”) concurrently with the first issuance of
bonds for infrastructure financing (“first release date”). The city
may issue a maximum number of building permits per fiscal year as follows: seven
hundred fifty-one in 2004-05, four hundred ten in 2005-06 (1161 cumulative) and
eighty-one in 2006-07 (1242 cumulative) pursuant to these first release BUAs to
maintain consistency with the general plan’s goal to manage residential
growth at an even and reasonable pace. (Ord. No. 1343, § 3, (part); Ord.
No. 1396, § 1.)