Development Impact Fee Clause Samples
Development Impact Fee. In light of the substantial Developer contributions towards infrastructure, parks and other public benefits as set forth in Article 3 of this Agreement secured through payment of the Development Agreement Fee, it is understood that the City will not assess Development Impact Fees pursuant to Ordinance No. 19-1931. Accordingly, the Parties understand, acknowledge and agree that no credits or reimbursements will be available to Developer pursuant to Ordinance No. 19-1931 or any provision of the CMC (as may be amended) to offset, reduce or refund any portion of the Development Agreement Fee.
Development Impact Fee. Notwithstanding any other provision of this Agreement, to the extent allowed by law, the City shall approve, impose, and collect the Development Impact Fee for fire facilities currently imposed by the District on all new development within the Annexation Area.
a. The Development Impact Fee collected by the City shall be paid to the District to mitigate the impacts of growth in the Annexation Area on District capital facilities and equipment. The City and District shall work in a collaborative manner and in good faith to ensure that any update to the District’s Development Impact Fee provides for a specific fee for the development in the Annexation Area and that the fee does not duplicate any City Facility Impact Fees.
b. For the purposes of this section, the City agrees to approve and begin collecting Development Impact Fees for fire facilities no later than July 1, 2026. Payments to the District shall be paid quarterly by the City.