There shall be a finite number of residential building permits for each quarter of each year. A quarter is defined as a three-month period that begins on the first day of January, April, July or October. From the effective date of this Section to April 1, 2000, there shall be no residential permits issued whatsoever. Thereafter, the number of residential permits to be issued shall be limited in accordance with the following formula: Total Permits per Quarter = (equals) 28.96% of the currently available seats within the Chariho Regional School District PLUS 28.96% of the projected increase of seats within the Chariho Regional School District over the next ten years, commencing with April 1, 2000 + (divided by) .590 + (divided by) forty.

← Previous § 218-84 Issuance of Residential Building Permits. Next → § 218-86 Initial Quota.

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