This permit shall lapse if the Permittee does not substantially commence the construction, or the first phase of a phased development, permitted by this permit within two (2) years of the date of this permit. This permit is not a building permit. AUTHORIZING RESOLUTION PASSED BY THE COUNCIL THE 9TH DAY OF SEPTEMBER, 1991. ISSUED THIS DAY OF I ACKNOWLEDGE THAT I HAVE READ AND UNDERSTAND THE TERMS AND CONDITIONS UPON WHICH THIS PERMIT IS ISSUED. Applicant (or Authorized Agent or Representative of Applicant) 1D392/264~265 aren cee Seu iy