[Added 4-16-1998 by L.L. No. 1-1998]
Approval of a site plan by the Planning Board shall be valid for a period of six months from the date thereof for the purpose of obtaining a building permit. Failure to secure a permit during the period shall cause the site plan approval to become null and void. Upon application, the Planning Board shall have the right to extend the period of approval for successive six-month periods to not more than two years from the date of original approval. This requirement to timely obtain a building permit shall apply to all site plan approvals previously granted by the Planning Board, except that if the six-month period has expired but the two-year period has not, upon application within six months of the effective date of this provision said approval period may be extended to no more than 30 months from the date of the original approval. All previous site plan approvals, for which no building permit has been obtained within 30 months of such approval are null and void.