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<br />2. That the approved site plan shall remain valid for a period of 24-months from the date of <br />approval. If no building permit is issued within the 24-month time period, the site plan shall <br />be considered null and void and of no force and effect. Developer may request extension in <br />accordance with Code Section 265-3(b) (6). <br /> <br />3. That the Applicant shall comply with all City Ordinances applicable to development and <br />permit approvals. <br /> <br />4. Failure to pay the Ten Percent Deposit within three days of the approval of the purchase price <br />on December 8, 2005, but in no event later than 5 p.m. on Tuesday, December 13, 2005, <br />shall result in an automatic voiding of the Commission approval of the Receiving Site, and <br />transfer of TDR's, site plan pursuant to Section 265-23.5(b)(2) of the TDR Ordinance, each <br />element of the Application shall be deemed denied, and Applicant shall not be permitted to <br />refile an application for development of the Property for one year. <br /> <br />NO BUILDING PERMIT SHALL BE ISSUED (EXCEPT FOR DEMOLITION AND <br />SALES CENTER) UNLESS THE APPLICANT HAS SUBMITTED ALL DOCUMENTS <br />REFERRED TO UNDER THIS RESOLUTION AND SHALL HAVE PAID ALL <br />IMP ACT FEES, BONUSES, THE ONE MILLION DOLLAR VOLUNT ARY <br />MITIGATION FEE, AND TRANSFER OF DEVELOPMENT RIGHTS TO THE CITY <br />(IF APPLICABLE), OR OTHERWISE PRODUCED EVIDENCE THAT THE <br />PERMITTED PRIV ATE DEVELOPMENT RIGHTS AS SET FORTH IN SECTION III <br />HEREINABOVE HAVE BEEN TRANSFERRED, PROFESSIONAL FEES PURSUANT <br />TO SECTION 267 OF CODE OF THE CITY OF SUNNY ISLES BEACH AND ALL <br />OTHER FEES DUE AND OWING PURSUANT TO THE APPLICABLE LAND <br />DEVELOPMENT REGULATIONS. <br /> <br />FAILURE BY THE CITY TO TIMELY ENFORCE ANY OF THE ABOVE <br />CONDITIONS DOES NOT CONSTITUTE A WAIVER OF THE SAME AND IF THE <br />APPLICANT, ITS SUCCESSORS, OR, ASSIGNS, DOES NOT PERFORM SUCH <br />CONDITIONS WITHIN FIVE (5) DAYS AFTER WRITTEN NOTICE, THE CITY <br />RETAINS THE RIGHT TO STOP CONSTRUCTION, IF NECESSARY, UNTIL THAT <br />CONDITION IS MET. BY ACTING UNDER THIS APPROVAL, APPLICANT <br />HEREBY CONSENTS TO ALL THESE TERMS AND CONDITIONS. <br /> <br />V. SEVERABILITY AND EFFECTIVE DATE. <br /> <br />I. If any section, subsection, clause of provision of this Resolution is held invalid, the <br />remainder shall not be affected by such invalidity. All Resolutions or parts of resolutions <br />in conflict herewith shall be and hereby are repealed. <br /> <br />2. This Resolution shall become effective upon adoption. <br /> <br />PASSED and ADOPTED this 8th day of December, 2005. <br /> <br />DaVinc Reso <br /> <br />9 <br /> <br />JV~ <br />