B. Valid Building Permit . Upon the issuance of a building permit, the expiration provisions as outlined in North Carolina General Statutes §160D-403(c) and the revocation provisions of North Carolina General Statutes §160D-403(f) shall apply, except that a building permit shall not expire or be revoked during the time that the approved vested rights is valid. C. Number of Vested Rights Permitted . Only one (1) vested rights shall be granted for any one (1) parcel(s) of land approved as a site-specific vesting plan designation. After a vested rights has expired, the property owner or developer shall be subject to all requirements and conditions of the Land Development Ordinance as may be in force at the time if no building permit has been issued or a substantial investment has been made in accordance with this Article. D. Compliance Maintained . Upon approval of a site-specific vesting plan designation, nothing in this article shall exclude such development from subsequent reviews, regulations, and approvals by the Town of Fuquay-Varina to ensure compliance with the terms and conditions of the original approval, and provided further, that subsequent reviews, regulations and approvals are not inconsistent and do not affect the type and intensity of the original approval. E. Recorded Document . A vested rights approval by the Town Board of Commissioners shall be recorded with the Wake County Register of Deeds Office as an instrument of the property deed at the expense of the applicant. A copy of the recorded vested rights shall be submitted to the Town Planning Department as part of the approved site-specific vesting plan designation. F. Annexation of a Vested a Rights Property . An application for annexation of property which has a site-specific vesting plan designation shall be filed with the Town of Fuquay-Varina under North Carolina General Statutes §160A- 31 or North Carolina General Statutes §160A- 58.1 and shall contain a signed statement declaring whether or not any vested rights with respect to the properties in question, and subject to the annexation application has been established under North Carolina General Statutes §160D-108.1, or the failure to sign a statement declaring whether or not a vested rights has been established, shall be binding on the land owner and subsequently any such vested rights shall be terminated.
G. Vested Rights Limitation . Nothing in this Article is intended or shall be deemed to create any vested rights other than those established pursuant to North
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