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approved by the City Council and shall take the form of <br /> amended growth management agreements. <br /> <br /> (iii) Units successfully transferred to the current year shall be <br /> treated in all ways as current year allocations. Building <br /> permits may be secured from the date of approval until <br /> December 31 of that calendar year and at any rate. <br /> <br /> 3. Should a major project developer seek to use the unused first-come, <br /> first-served sub-allocation which may be available after December 1 of any <br /> year, the developer shall apply for the number of units for which it wishes <br /> to receive permits. If on December 1 major project developers apply for <br /> remaining available units within the first-come, first-served sub-allocation <br /> which exceed the remaining units available, the permits shall be issued on a <br /> pro rata basis, as described in subsection 17.36.080(C)(2)(d). After <br /> December 1, all permits under this subsection shall be issued on a <br /> first-come, first-served basis. In all events, major projects shall be subject <br /> to the rules governing issuance of first-come, first-served units when they <br /> avail themselves of the unused first-come, first-served sub-allocation. Any <br /> units issued to a major project developer pursuant to this subsection shall <br /> be subtracted from the final year of the major project developer's <br /> allocation. <br /> <br /> 4. Developers who have current year units and do not request the units to be <br /> reallocated as of September 1 and who subsequently do not obtain a <br /> building permit prior to January 1 of the following year, or where building <br /> permits lapse pursuant to the provisions of the Uniform Building Code <br /> after December 31 of the year of their allocation, shall lose their growth <br /> management approval for those units. No building permit shall be issued <br /> for such units until a new application for growth management approval has <br /> been made and a new approval granted by the City Council following the <br /> procedures for major project initial approvals. <br /> <br />C. First-Come, First-Served Projects <br /> <br /> 1. A first-come, first-served project shall be issued a building permit, if <br /> available, as described in subsection 17.36.080(C). The building permit <br /> shall be governed by the applicable provisions of the Uniform Building <br /> Code. <br /> <br /> 2. In the event a building permit lapses pursuant to the provisions of the <br /> Uniform Building Code, the permit owner may petition the City Council to <br /> reinstate the permit. The City Council, at its discretion, may grant a <br /> reinstatement for a specified period of time or may require the owner to <br /> reapply for a new permit, subject to the rules for first-come, first-served <br /> <br /> 17 <br /> <br /> <br />