§ 400-168
Limitation on permits issued
- A. In order to assure that permits for residential building construction are equitably distributed among all qualified applicants, no more than 10% (rounded off to the nearest whole number) of the available permits for dwelling units (based on the number of the previous year's quota and based on 20 permits for the first year) shall be granted to either any single applicant (including any related entity as defined below) or to any owner (including any related entity) of any single subdivision or land development project within any year if doing so would result in denial of a permit for any other applicant.
- B. "Related entity" means, with respect to a specific person, group of people, or corporation ("party"):
- (1) Such party's spouse or parents, children, grandparents, grandchildren or siblings (blood or adopted);
- (2) A trustee of a trust for the benefit of such party, or for the benefit of any person identified in Subsection B(1) above;
- (3) A corporation, partnership, firm, business or legal entity of which the 15% of more of the voting interest is owned by such party, or any person identified in either Subsection B(1) or (2) above; or
- (4) A person who is an officer, director, trustee, employee or partner of any legal entity referred to in Subsection B(2) or (3) above.