City Park Impact Fees Sample Clauses

City Park Impact Fees. The Public Park constitutes “impact-fee eligible system improvements” for which reimbursements or transportation credits may be approved by the City pursuant to Section 58-109, Unified Land Development Code of the City of North Port, Florida. Upon the Public Park being certified complete by the engineer of record and such original written certification being provided to the City Engineer, Land Partners shall file an impact fee credit petition with the City reflecting the total Contribution incurred in connection with the Public Park and including a “developer agreementfor approval and entry by City. The District’s completion of the Public Park as memorialized in the written certification provided to the City Engineer, shall constitute acceptance by the City for the purpose of Section 58-109(b). The City credit shall take the form of a reduction in the otherwise applicable park impact fee assessed for development within Village A and Village B until the amount of credit is exhausted, or, if development within Village A and Village B has proceeded to building permit issuance and park impact fees have been paid prior to approval of a developer agreement, the credit shall be provided as a reimbursement payment by the City to Land Partners in accordance with a payment schedule established in such developer agreement. Consistent with Section 5.A, the City, to the extent of a conflict, the District and the Developers agree that the terms of this Section 6.E prevails over the terms of the General Principles of Agreement.
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Related to City Park Impact Fees

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