Domestic and Emergency Potable Water Sample Clauses

Domestic and Emergency Potable Water. City agrees to provide the Project an annual allocation of 37.04 acre feet as defined under the Resource Management Services Code to service all Project uses. Developer shall pay a connection fee of $1,242.544.00 (“Water Service Connection Fee”) as provided in Exhibit C, which Water Service Connection fee shall be nonrefundable, except as provided for in this Section. 4.3.1 Three years from date of occupancy of the hotel described in the Project Approvals (“Resort Occupancy”), City and Developer shall review the Project’s actual annual demand on water supplies against the projected demand of 37.04 acre feet and adjust as follows: (a) If the Project’s actual annual demand averaged over the three years of operation from Resort Occupancy, adjusted to account for the eventual stable occupancy rate of the Project, exceeds the 37.04 acre ft allocation, Developer shall pay to City the differential connection fees due at the generally applicable fee schedule in effect at the time, up to an additional 5 acre feet and City shall increase the Project’s allocation of water supply to the level of actual annual demand. Example: If after three (3) years of full Resort Project operations the project is using 42.04 acre ft of water, project will pay City 5 acre feet x $38,463 (estimated cost per acre foot in three years) = $192,315 in additional allocations. Developer shall place a reservation, in the form of a surety bond, for the additional 5 acre feet of water that may be provided under the City’s Resource Management Systems code. If additional connection fees are paid, the water supply baseline will be increased accordingly. (b) If the Project’s actual annual demand over the three years of operation from Resort Occupancy, adjusted to account for the eventual stable occupancy rate of the Project, is less than, the 37.04 acre ft allocation, if requested, the Developer will receive a rebate from the City in the amount of the connection fee rate that was originally paid that is below the original allocation. Example: If after three (3) years of operations the project is using 32.04 acre feet of water, the City will refund the Developer 5 x $33,546= $167,730. If connection fees are repaid, the water supply baseline will be decreased accordingly. 4.3.2 The Project may only purchase sufficient allocation that is deemed necessary three years after Resort Occupancy under the terms of this Agreement. However, after this time period, the Developer may apply for additional domesti...
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Domestic and Emergency Potable Water. The total existing baseline is
Domestic and Emergency Potable Water 

Related to Domestic and Emergency Potable Water

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