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<br />moratorium shall automatically dissolve upon the adoption of the Comp Plan the formulation and adoption <br />of which shall be expeditiously pursued. The moratorium may be reasonably extended, if necessary, but <br />only until the completion of final non-appealable adoption of a comprehensive plan for the City pursuant <br />to Chapter 163, Florida Statutes (1995). <br /> <br />Section 4. <br /> <br />Vested Rights. <br /> <br />(A) Nothing in this Ordinance shall be construed or applied to abrogate the vested rights <br />of a property owner to complete development where the property owner can demonstrate each of the <br />following: <br /> <br />1. A governmental act of development approval which was obtained prior to the <br />effective date of this Ordinance; and <br /> <br />2. The property owner has detrimentally relied, in good faith by making substantial <br />expenditures; and <br /> <br />3. That it would be highly inequitable to deny the property owner the right to <br />complete the development. <br /> <br />(B) Except as provided in Paragraph (C) of this Section, any property owner claiming to <br />have vested rights under this Section 4, must file an application with the City Commission for vested rights <br />determination within ninety (90) days after the effective date of this Ordinance, provided however, in the <br />event the term of the moratorium is extended beyond the term provided in Section 3, hereinabove, the filing <br />period for vested rights shall ensue again for a period of ninety (90) days from such extension. The <br />applicant shall present a detailed description of the existing or pending vested rights for the particular <br />development in question including the period of time for which the applicant claims rights are vested in any <br />and all conditions and limitations applicable to the asserted existing or pending application for vested rights <br />to develop. The application shall be accompanied by a fee of $2,500.00, and contain a sworn statement <br />as the basis upon which the vested rights are asserted together with documentation required by the City <br />and other documentary evidence supporting the claim. The City Commission shall hold a public hearing <br />on the application and based upon the evidence submitted shall make a determination as to whether the <br />owner has established vested rights. <br /> <br />(C) Any property owner claiming to have vested rights by virtue of a governmental act <br />of development approval obtained prior to the date of incorporation of the City need not follow the <br />procedure authorized in the paragraph above. Rather, and in lieu of said procedure, the following <br />procedure shall apply: <br /> <br />1. <br /> <br />The property owner claiming such vested rights shall file an application with the <br />City Manager for a vested rights determination within ninety (90) days after the <br /> <br />Moratorium Ord, <br /> <br />-3- <br />