Community Benefit Contributions. Developer shall provide the following Community Benefits, which are above and beyond the Project's requirements to mitigate for project-related impacts, conditions of approval and features included in the project description. Unless otherwise set forth herein, all payment obligations are to be applied to the 410 market rate residential units constructed in the Project.
Community Benefit Contributions. Developer shall provide the following Community Benefits, which are above and beyond the Project's requirements to mitigate for project-related impacts, conditions of approval and features included in the project description. Unless otherwise set forth herein, all payment obligations are to be applied to the 410 market rate residential units constructed in the Project.
(a) $1,000,000 in private Community Benefit Funds which will be held in a separate escrow account managed by the City for use by the City’s aquatic clubs, including but not limited to Xxxxx Aquatic Masters, for the acquisition of land and/or construction of a new competitive swim facility, payable in the amount of $2,865 per detached residential unit and $1,865 per attached residential unit to be paid prior to issuance of a Certificate of Occupancy. Prior to release of said funds, the City Council shall review the aquatic clubs’ development proposal, including location and concept, to ensure the new swim facility provides the appropriate level of community benefit. If said funds are not utilized by the aquatics clubs for a new aquatics facility, or if funds are utilized to acquire land but construction has not commenced, within five years from first Final Map, the escrow account or title to property shall transfer to the City to be utilized at the sole discretion of the City Council to address community needs as are then deemed appropriate. Other community benefit obligations of the Project include:
(a) Energy retrofit grant program, as specified in Exhibit E;
(b) Rubberized asphalt, as specified in Exhibit E; and
(c) Acorns to Oaks program, as specified in Exhibit E.
Community Benefit Contributions. In consideration of the benefits received by Owner pursuant to the terms of this Agreement, Owner shall pay to City the following Community Benefit Contributions (“CBCs”):
Community Benefit Contributions. In partial consideration of the benefits received by OWNER pursuant to the terms of this Agreement and the Project Approvals, OWNER shall pay to City the following Community Benefit Contributions.
