1. Preliminary Development Plan. An applicant for a change of zoning involving a planned development district shall submit to the Planning and Zoning Commission four (4) copies of a preliminary development plan for the proposed development. Said preliminary plan shall also serve as a preliminary plat for the property and shall contain, in addition to those requirements of this order, all requirements for a preliminary subdivision plat.

2. Public Hearing. The Commission shall hold a public hearing on the preliminary development plan in accordance with the provisions of Subsection (D) of this Section.

3. Findings Of Fact And Recommendation. The Commission shall review the preliminary development plan and all required documents for compliance with the standards for the proposed district. It shall make such findings of fact as are required by this Section and by the standard requirements for each district and forward its recommendations to the City Council, in accordance with Subsection (E) of this Section.

4. Action By The City Council. The City Council may approve, with conditions, or deny the application for a planned development district. If the City Council approves the application with conditions, the applicant shall be notified of the reasons for such action and what requirements will be necessary to comply with the conditions.

5. Final Plan.

a. Upon approval of the preliminary plan, the applicant shall have two (2) years to submit a final plan to the Commission for review and approval. The final plan may be submitted for all or a portion of the area covered by the preliminary development plan. If the Commission finds that the final plan conforms to the approved preliminary plan, it shall approve such plan and file it for record in the office of the City Clerk.
b. If the final plan fails to conform to the preliminary development plan, it may be submitted as an amended preliminary development plan, in which case the Planning and Zoning Commission shall advertise and hold a public hearing and make its findings and recommendations to the City Council as prescribed in this Section.
c. No building permit shall be issued for any construction until the Commission shall have approved the final plan and preliminary plat of the first stage of development and notified the City Clerk.
d. The developer shall prepare a schedule of construction, which construction shall begin within one (1) year following approval of the final plan. Failure to begin construction within one (1) year after approval shall void the plan unless a request for an extension of time is made by the applicant and approved by the Commission.
e. After the final plan has been approved, and when, in the course of carrying out the plan, adjustments or rearrangements of buildings, parking areas, entrances, or open spaces are requested by the applicant and such requests conform to the standards established by the approved final plan, such adjustments may be approved by the Commission.
f. The City Council may require that off-site improvements be installed, including, but not limited to, off-site drainage systems to ensure that all drainage, storm run-off and subsurface waters are carried into approved watercourses and drainage systems, off-site connections to the public water or sewer system and off-site improvements to a public road when, in the opinion of the Council, such improvement is necessary to ensure adequate access to the development. When improvements are required in this fashion, a performance bond, sufficient to cover the full cost of same as estimated by the Council, shall be furnished to the City by the applicant. Such performance bond shall be issued by a surety or bonding company approved by the City Council or by the owner with security acceptable to the City Council and shall also be approved by the courts as to form, sufficiency, and manner of execution. Such performance bond shall run for the term fixed by the Council not to exceed two (2) years, unless extended by consent of the Council and shall be approved prior to issuance of a building permit.