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1. A property right which has been vested as provided in this Article shall remain vested for a period of three (3) years.

2. At no time shall the vesting period extend beyond eight (8) years following the original date of approval of the site specific development plan.

3. The Board of Trustees may, in its sole discretion, grant vested property rights for a longer period when warranted in light of all relevant circumstances, including but not limited to:

a. The size and phasing of the development

b. Economic cycles

c. Market conditions

4. The vesting period shall not be extended by any amendments to a site specific development plan unless expressly authorized by the Board of Trustees in the written ordinance approving such amendments.