When a change of zone is made to permit the use of property for a particular project, in the event of the abandonment of such project, the Village Board of Trustees may, after public hearing, restore the property to its former zoning district or such other district as it may determine. The failure to obtain building permits within one year of the date of change of zone, or the failure to complete the project within two years after the issuance of building permits, may be deemed to be an abandonment.