Fulfillment of Development Fee Requirement Sample Clauses

Fulfillment of Development Fee Requirement. The sum of $2,968,000 (in 2019 Dollars), paid by Altec as described in Section 4.1(a) and Section 5.6, the deposit of security as described in Section 4.1(c), the grant of conservation easement described in Section 3.1 at the times set forth therein, together shall fulfill the HCP/NCCP requirement to pay a Development Fee for the Covered Project on the Montreux Property. No other fees or fee amounts shall be due under the HCP/NCCP for the maintenance of the Dedication Property or with respect to the Covered Project, except for any wetland impact fees, rural road fees, or temporary impact fees that may be required consistent with standard application of the HCP/NCCP (except no temporary impact or rural road fees shall be imposed for work done to maintain, repair, or replace in situ, existing roads and improvements); provided, however, that Altec shall pay for other costs provided in this Agreement, as well as any administrative fee imposed by Pittsburg. Once the Grading Permit fee set forth in Section 4.1(a)(i) is paid, no rural road or temporary impact fees shall thereafter be imposed on such phase.