(8) Certification . Each map, final plat, site plan or other documents as evidence of a site-specific vesting plan designation shall contain the following notation, in addition to applicable certifications and notations established by Appendix E Certifications: “ The Town Board of Commissioners of the Town of Fuquay-Varina approved this plan on (Date) establishing a vested rights under North Carolina General Statutes §160D-108.1 unless such plan designation is terminated at an earlier date in accordance with this Article, the vested rights shall be valid until (Date)” .
(9) Expiration of Approval . The designation of an approved plan as a site-specific vesting plan shall automatically expire at the end of the approved vested rights period, unless work authorized by the permit has substantially commenced.
(10) Vested Right Runs with Land . Vested rights shall run with the land and will expire at the end of the two (2) years or upon the completion of the additional time approved by the Town Board of Commissioners.
(11) Revocation of Site-Specific Vesting Plan . The Town may revoke the approval of a site-specific vesting plan designation under the following circumstances:
A. Failure to Comply . The applicant fails to comply with all applicable terms and conditions of the approval.
B. Consent . The affected property owner/developer consents in writing to the revocation.
C. Legislative Hearing Held . The Town Board of Commissioners may hold a duly noticed legislative hearing and adopt an ordinance revoking the approved site- specific vesting plan designation in accordance with the following: i. Natural or Man-Made Hazards . Based on a finding that natural or man- made hazards pose a threat to public health, safety, and welfare if the development were to proceed. ii. False Information . Based on a finding that the property owner/developer or their representatives intentionally supplied inaccurate information or misrepresented the development proposal in a manner that made a difference in the Town Board’s approval.
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