This permit shall lapse if the Permittee dces not substantially commence the construction, or the first phase of a phased developnent, permitted by this permit within two (2) years of the date of this permit. This permit is not a building permit. AUTHORIZING RESOLUTION PASSED BY THE COUNCIL THE 19 APPROVED BY THE MINISTER OF TRANSPORTATION AND HIGHWAYS ON THE DAY OF (If applicable.) ISSUED THIS 19 I ACKNOWLEDGE THAT I HAVE READ AND UNDERSTAND THE TERMS AND CONDITIONS UPON WHICH THIS PERMIT IS ISSUED. Applicant (or Authorized Agent — or Representative “£ Applicant)