Contemplated Northeast Fee Transportation Sample Clauses

Contemplated Northeast Fee Transportation. Improvements Constructed by Developer 1. Parties acknowledge that phasing of the construction Transportation Improvements by Developer cannot be determined at this time due to the uncertainty regarding the timing of: (a) roads constructed by Villages at Fairfield project, (b) funding of Xxxxxx Parkway improvements by STA, and (c) roads constructed by other projects within the Specific Plan area. This section provides that Developer will have a specified financial obligation to construct, or to pay for City’s construction of, Transportation Improvements with each Development Project, and that City shall determine what Transportation Improvements will be constructed in connection with each such Development Project. 2. The dollar amount of the Transportation Improvements required to be constructed by Developer or funded by Developer with each Development Project shall be equal to 150% of: a. the number of residential units within each Development Project application, b. multiplied by the per unit dollar amount of the transportation component of Contemplated Northeast Fee in effect at the time of Development Project Approval. Because the amount of the Contemplated Northeast Fee varies by residential density category, the number of residential units in each density category shall be multiplied by the fee for that density category. 3. The number of residential units within a Development Project shall be calculated as follows: a. Each lot designated by the Master PUD Permit as a single family residential shall be considered as one dwelling unit. b. The number of residential units for each lot designated by the Master PUD Permit as multifamily residential, condominium or townhouse shall be equal to the maximum number of residential units allowed by the Master PUD Permit. 4. In order to ensure that the Transportation Improvements are constructed in logical and cost effective segments, City shall, as determined through its adoption of conditions of approval of a Development Project, require Developer to: a. Construct certain Transportation Improvements, as determined by City. The cost of those Transportation Improvements shall not exceed the sum of the transportation component of the Contemplated Northeast Fees which would be paid by development of that Development Project multiplied by 150%, except as may be provided in subsection (c) immediately below. The cost of the Transportation Improvements shall be based on the most recent version of the construction cost es...
Sample 1
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Contemplated Northeast Fee Transportation. Improvements Constructed by Developer 1. Parties acknowledge that phasing of the construction Transportation Improvements by Developer cannot be determined at this time due to the uncertainty regarding the timing of: (a) roads constructed by Villages at Fairfield project, (b) funding of Xxxxxx Parkway improvements by STA, and (c) roads constructed by other projects within the Specific Plan area. This section provides that Developer will have a specified financial obligation to construct or pay for City’s construction of Transportation Improvements with each Development Project and that City shall determine what Transportation Improvements will be constructed.
Sample 1

Related to Contemplated Northeast Fee Transportation

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