Common use of City of Charleston Impact Fees Clause in Contracts

City of Charleston Impact Fees. The City agrees that the Developer shall not be subject to any additional impact fees other than those impact fees in effect as of the Effective Date of this Agreement, and the City further agrees that any increases in the existing impact fees and any new impact fees adopted by the City during the term of this Agreement shall not apply to the Property. Impact Fees in effect as of the Effective Date of this Agreement for residential uses are Environmental – $82.00 per residential unit and Public Safety – $79.00 per residential unit. Impact Fees for commercial uses are $.04 per square foot.