Which stage involves community meetings and gathering approvals during the development process?

The correct answer pertains to the development process stage where community meetings and gathering approvals take place. This stage typically involves engaging with stakeholders, including current residents and potential buyers, to discuss the proposed condominium development, address concerns, and obtain community support.

During this stage, developers may also seek official approvals from local government bodies, which often require demonstrating community engagement and addressing feedback received during meetings. This process is crucial in ensuring that the development aligns with local regulations and community standards, and it helps to foster a sense of transparency and collaboration between developers and the community.

The other stages mentioned do not specifically focus on community engagement and approval gathering. For instance, Site Plan Approval deals more with technical assessments and compliance with zoning laws rather than direct community interaction. The Cooling Off Period is a timeframe after a buyer has signed an Agreement of Purchase and Sale, allowing them to reconsider their decision without penalty. Lastly, the Agreement of Purchase and Sale refers to the formal contract between the buyer and developer but does not encompass the community involvement aspect that is critical at this developmental stage.