§ 400-45
Timing of development
- A. Development within the SMD shall be constructed in phases. In order to regulate the development of new construction within the SMD, and to prevent excessive development from exceeding the capacity of the Town and/or other public or private agencies to provide essential services and facilities, the Planning Board shall require that commercial phasing shall be constructed over four consecutive calendar years.
- B. Minimum commercial phasing schedule (acceleration is permitted):
- (1) Phase 1: 80,000 square feet gross floor area.
- (2) Phase 2: 80,000 square feet gross floor area, plus, 20 one-bedroom low- or moderate-income housing units.
- (3) Phase 3: 80,000 square feet gross floor area.
- (4) Phase 4: 80,000 square feet gross floor area.
- C. Commercial Phase 1 shall commence in calendar year 2005.