Developer’s Capacity Payment Sample Clauses

Developer’s Capacity Payment. Based on the Concept Plan and as set forth in that certain Memorandum Regarding Offsite Wastewater Interceptor & WWTP Shared Expansion, dated May 2, 2019, from Xxxx X. Xxxxx, P.E. of Xxxxxxxxxx Engineering, it is estimated that the required WWTP capacity to serve the Development at full build-out will be 0.294 MGD. Developer, on behalf of the District, will pay the City an amount equal to the product of $2,550 per single-family residential lot or $2,550 per XXX for any non-single-family residential lot [excluding any non-single-family residential lots conveyed to Aqua (defined below), the City, the ISD (defined below) or the ESD (defined below)], multiplied by the actual number of single-family residential lots/LUEs within the Development, estimated to be approximately $3,060,000 (the “Capacity Payment”), which will be applied by the City to pay the costs of such 0.294 MGD portion of the WWTP Expansion. The City is responsible for all costs of the WWTP Expansion in addition to the Capacity Payment, and all costs for any subsequent expansions to the WWTP, which will occur as the need arises per TCEQ criteria for design and construction of wastewater treatment plants. As a condition of the City’s approval of each final plat for a portion of the Development, Developer will pay to the City the sum of $2,550 per single-family residential lot or $2,550 per XXX for any non-single-family residential lot within such final plat (excluding any non-single-family residential lots conveyed to Aqua, the City, the ISD, or the ESD), which amount will fund the Capacity Payment and be utilized by the City to pay the costs of, in part, and reimburse the City for the costs of, in part, the 0.294 MGD portion of the WWTP Expansion.
Sample 1
Developer’s Capacity Payment. Based on the Concept Plan and as set forth in that certain Wastewater Recommendation Memorandum regarding “City of Elgin Wastewater Treatment Plant No. 1”, dated from Xxxxx & Gay Engineering (the “Developer Engineer”), it is estimated that the required WWTP capacity to serve the Development at full build-out will be 0.310 MGD. Developer, on behalf of the District, will pay the City an amount equal to the product of $2,550* per single-family residential lot or $2,550* per XXX for any non-single-family residential lot [excluding any non-single-family residential lots conveyed to Aqua (defined below), the City, the ISD (defined below) or the ESD (defined below)], multiplied by the number of single-family residential lots/LUEs within the Development, estimated to be approximately $4,398,750* (the “Capacity Payment”), which will be applied by the City to pay the costs of such 0.310 MGD portion of the WWTP Expansion.
Sample 1

Related to Developer’s Capacity Payment

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