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3. In the event a project's phasing schedule is revised or voided, any unused affordable <br /> housing project suballocation shall be available for use by a different qualifying project in that <br /> calendar year and, if it remains unused, it shall be carried over and shall be available for use by <br /> the same or a different qualifying affordable housing project in the following years. <br /> B.Major Project. <br /> I. A major project developer may be issued building permits up to the maximum yearly <br /> number established in its agreement. Permits may be issued at any time during the calendar <br /> year and at any rate. <br /> 2. Should a major project developer wish to revise its annual allocation, the following <br /> regulations shall apply: <br /> a. For project developers seeking to move units into a later year or years: <br /> (I) Prior to September 1st of a given calendar year, a project's developer <br /> may request a reallocation to a later year of some or all of its allocation. The <br /> planning division shall provide the necessary application forms, and a project <br /> developer must file the application with the planning division. The application shall <br /> be accompanied by a fee established by the resolution establishing fees and the <br /> charges for various municipal services. <br /> (2) The city shall coordinate the"trade"of units for developers seeking to <br /> move to later years with those of developers seeking more permits in the current <br /> year. If an agreeable"trade" is established by the city,the units shall be moved to <br /> later years and shall be placed in the project's annual allocation in the year in which <br /> the "traded" unit originally occupied before the trade. If units moving forward come <br /> from a year later than the last allocation year of the project moving units to a future <br /> year, the units may be moved to the project's last allocation year, if available, rather <br /> than to the later year of the"trading"project. The city shall not refuse to make any <br /> trade which otherwise follows the provisions of this section. The traded units shall <br /> be approved by the city council and shall take the form of amended growth <br /> management agreements. <br /> (3) If no"trade" is available for a unit or units, those units shall be <br /> reallocated to the last year for which the project has an allocation. (Subsequent year <br /> unused allocations shall also be added to the last year for which the project has an <br /> allocation.)This automatic reallocation shall occur only if the year to which the <br /> units are moving has available capacity in the major project suballocation. If no <br /> capacity is available, the reallocation shall be made to the first available year <br /> following the last year of the project's allocation. This reallocation shall be <br /> nondiscretionary on the part of the council and shall be documented in a revised <br /> schedule in a project's growth management agreement. <br /> b. For project developers seeking to move units from later years into the current <br /> year: <br /> (I) Prior to September I st of a given calendar year, a project's developer <br /> may request a reallocation to the current year of some or all of its future years' <br /> allocations by filing an application with the planning division, together with any fee <br /> 24 which may be established. <br />