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90 St. Anthony-Land Usage (E) Formal review periods. Within the PUD Agreement,the city may schedule formal City Council review periods on an annual or less frequent basis to ascertain that actual development on the site meets the conditions of the approved PUD. (1993 Code, § 1655.07) NTE -O (A) Comparison with approved development schedule. The Planning Commission shall compare the actual development accomplished in the various portions of the PUD with the approved development schedule. (B) Extension of limits of development schedule. Upon recommendation of the Plann' g Commission and for good cause shown by the developer, the City Council may extend t e limits of the development schedule. (C) Construction rates of dwelling and open space. The construction and ovision of all of the common open space and public and recreational facilities which are shown o the final development plan must proceed at the same rate as the construction of dwelling units, i ny. The Development Review Committee shall review all of the building permits issued for t PUD and examine the construction which has taken place on the site. If they find that the a of construction of dwelling units is greater than the rate at which common open spaces and p lic and recreational facilities have been constructed and provided, they shall forward this inform on to the City Council for action. (D) Security. A letter of credit in form acceptable t e city shall be required to guarantee performance by the developer. The amount of the lett of credit and the specific elements of the development program that it is intended to guarant will be stipulated in the PUD Agreement. (1993 Code, § 1655.08) § 152.208 CONTROL OF PUD FOL WING COMPLETION. (A) Final development plan verns. After a certificate of occupancy has been issued for all or any portion of a PUD, the use o the land covered by the certificate of occupancy and the construction, modification, and alteration any buildings or structures within the PUD shall be governed by the final development plan. (B) Changes of r issuance of certificate of occupancy. After a certificate of occupancy has been issued for all or a portion of a PUD, no changes shall be made in the approved final development plan except up application as provided below. ) Any minor extensions, alterations, or modifications of existing buildings or structures may b authorized by the Development Review Committee if they are consistent with the purposes and int t of the final development plan. No change authorized by this section may increase the mass or ilding_ar_structure ° .