Directed Arterial Street Impact Fees Sample Clauses

Directed Arterial Street Impact Fees. The City agrees to reimburse Owner for the cost to construct the NW 12th Street, Alvo Road, and/or NW 00xx Xxxxxx Xxxxxxxx Xxxxxx Impact Fee Facility Improvements without interest from Directed Arterial Street Impact Fees collected against the entire development of the Property up to the Directed Arterial Street Impact Fee Amount of $1,049,426 which reflects the amount attributable to 100% development of the proposed development of the Property in 2006 based upon the 0000 Xxxxxxxx Xxxxxx Impact Fee Schedule. Reimbursement shall be subject to the following conditions: (a) Said reimbursement shall be paid quarterly from Impact Fees actually received from this development; (b) Any reimbursement to be paid from Impact Fees shall not constitute a general obligation or debt of the City.
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Directed Arterial Street Impact Fees. The City agrees to reimburse Owner for the cost to construct the North 00xx Xxxxxx Xxxxxxxx Xxxxxx Impact Fee Facility Improvements (¶5.A.(1)(a)), the Xxxxx Street Impact Fee Facility Improvements (¶6.A.(6)), and the Arterial Street Impact Fee Facility Traffic Signals (¶7.B.) without interest from Arterial Street Impact Fees collected against the entire development of the Property up to the Directed Arterial Street Impact Fee Amount of $1,699,520 which reflects the amount attributable to 100% development of the proposed development of the Property in 2006 based upon the 0000 Xxxxxxxx Xxxxxx Impact Fee Schedule. Reimbursement shall be subject to the following conditions: (1) Said reimbursement shall be paid quarterly from Impact Fees actually received from this development, and from development occurring on the land included in the PV Agreement and on Owner’s property located south of the Xxxxxxx Trail; (2) Any reimbursement to be paid from Impact Fees shall not constitute a general obligation or debt of the City.
Directed Arterial Street Impact Fees. The City agrees to reimburse Owner for the cost to construct Yankee Hill Road identified in Exhibit “C” from Directed Arterial Street Impact Fees up to the Arterial Street Impact Fee Amount of $281,233 which reflects the amount attributable to 100% development of the proposed development of the Property in 2006 based upon the 0000 Xxxxxxxx Xxxxxx Impact Fee Schedule. Reimbursement shall be subject to the following conditions: (a) The reimbursement shall be repaid quarterly from Arterial Street Impact Fees collected from the Property; (b) Owner shall not be entitled to any reimbursement of said construction cost in excess of Impact Fees actually received; (c) Any reimbursement to be paid from such Impact Fees shall not constitute a general obligation or debt of the City.

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