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4. VESTING <br />VESTING CAN BE BRIEFLY DEFINED AS A RIGHT A PROPERTY OR PROJECT HAS TO BE <br />SUBJECT TO A CERTAIN SET OF REGULATIONS BASED ON CERTAIN ACTIONS OR <br />APROVAL DATES. <br />ALT. A DEVELOPMENT THAT IS VESTED PRIOR TO THE EFFECTIVE DATE OF THIS ORDINANCE <br />IS EXEMPT FOR THE DEVELOPMENT APPROVAL FOR WHICH VESTED STATUS <br />ACHIEVED BY SUBDIVISION APPROVAL. <br />ALT. B VESTING AT TIME OF SUBDIVISION APPROVAL FOR RESIDENTIAL (MANY . <br />SUBDIVISIONS.ARE EXEMPT AND THEREFORE AN APPROVAL WOULD NOT OCCUR). <br />ALT. C VESTING AT THE TIME OF ZONING PERMIT APPROVAL. ALL EXISTING UNDEVELOPED <br />SUBDMSIONS WOULD BE ISSUES ZONING PERMITS INCLUDING AN ALLOCATION OF <br />UNITS OVER TIME. UNUSED UNITS WOULD LOSE VESTING AFTER SIX YEARS UNLESS <br />CONTROLLED BY OTHER ZONING DOCUMENTS SUCH AS SPECIAL USE APPROVAL <br />WITH LONGER TIME APPROVALS. <br />DISCUSSION THIS ALT. A TAKES A LESS AGGRESSIVE POSITION REGARDING VESTED RIGHTS BY <br />EXEMPTING ANY DEVELOPMENT AFTER IT INITIALLY VESTS. ALSO, VESTING FOR ONE <br />TYPE OF DEVELOPMENT PERMIT DOES NOT AUTOMATICALLY CREATE VESTING FOR <br />SUBSEQUENT PERMITS FOR THE SAME PARCEL. <br />ALT. X <br />RECOMMENDATION C <br />G: \cmig \ques111- 5 -99 \jb <br />4 <br />m <br />