When a valid building permit is issued for a project utilizing encumbered capacity, that capacity shall become vested capacity and shall not be recaptured unless the building permit lapses or expires without the issuance of a certificate of occupancy. (Ord. 2014 § 1 (Exh. A), 2009; Ord. 1946 § 4, 2005; Ord. 1654 § 2, 1996; Ord. 1633 § 1, 1996).