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A development permit may be abandoned within the time period established by section 9-1-17-8 of this chapter where no development activity authorized by the permit has been commenced. The abandonment of a permit shall be accomplished by the delivery to the director of a properly signed and acknowledged statement evidencing the property owner's decision to abandon the permit. The abandonment of the permit shall become effective and irrevocable upon the director's receipt of the owner's statement of abandonment. (Ord. 7, Series 1993)