[Amended 6-19-2008 by L.L. No. 4-2008; 7-21-2011 by L.L. No. 2-2011]
After the Building Official has issued a permit, other than occupancy or temporary permits, or after the Board has varied any provisions of this chapter, the permit so issued or the variance so granted shall lapse after the expiration of one year if no substantial construction has taken place in accordance with the plan or plans for which such permit was issued or variance granted, and a new permit or variance shall be obtained before the construction is started, except that, after notice and public hearing and a finding that the delay is due to reasonable cause and an additional fee has been paid to the Village in such amount as determined, from time to time, by resolution of the Board of Trustees, the Board of Appeals may grant an extension of such permit or variance for an additional period not exceeding one year.