[Amended 3-10-2003 by L.L. No. 1-2003]
Site plan approval shall automatically terminate one year after the same is granted unless a building permit has been issued and there is physical evidence that the project is in progress. The one-year time period shall start once all conditions imposed by the Planning Board have been met, and a copy of the plan has been filed with the Town Clerk in accordance with § 95-51A(1) or (2). If a copy of the plan, endorsed with the approval of the Planning Board, has not been filed with the Town Clerk within 182 days of the date of the Planning Board meeting at which final approval, with or without modifications, was granted, such approval shall expire; provided, however, that the Planning Board may, in its discretion and for good cause shown, extend the time for filing of the endorsed plan for not to exceed two additional periods of 91 days each.