Common use of Community Benefit Fee Clause in Contracts

Community Benefit Fee. In recognition of the benefits conveyed by this Agreement, Xxxxxxxxx hereby agrees to pay two hundred fifty dollars ($250.00) per dwelling unit as a community benefit fee. The proceeds from said fee may be used to achieve community benefits as the City Council may deem appropriate. Payment of the community benefit fee shall be made at the time that each building permit for a dwelling unit is issued by the City. The fee of $250.00 per unit shall be adjusted each year on July 1st by the City based on cost of living or other such inflationary adjustments (including inflationary adjustments based on the Engineering News Record Cost of Construction Index, a Consumer Price Index, or other method) in accordance with City ordinances or the financing plan.

Community Benefit Fee. In recognition of the benefits conveyed by this Agreement, Xxxxxxxxx hereby agrees to pay two hundred fifty dollars ($250.00) per dwelling unit as a community benefit fee. The proceeds from said fee may be used to achieve community benefits as the City Council may deem appropriate. Payment of the community benefit fee shall be made at the time that each building permit for a dwelling unit is issued by the City. The fee of $250.00 per unit shall be adjusted each year on July 1st by the City based on cost of living or other such inflationary adjustments (including inflationary adjustments based on the Engineering News New Record Cost of Construction Index, a Consumer Price Index, Index or other method) method in accordance with City ordinances or the financing plan.

Community Benefit Fee. In recognition of the benefits conveyed by this Agreement, Xxxxxxxxx Developer hereby agrees to pay two hundred fifty dollars ($250.00) per dwelling unit as a community benefit fee. The proceeds from said fee may be used to achieve community benefits as the City Council may deem appropriate. Payment of the community benefit fee shall be made at the time that each building permit for a dwelling unit is issued by the City. The fee of $250.00 per unit shall be adjusted each year on July 1st by the City based on cost of living or other such inflationary adjustments (including inflationary adjustments based on the Engineering News Record Cost of Construction Index, a Consumer Price Index, or other method) in accordance with City ordinances or the financing plan.