Impact Fee Credits Sample Clauses

Impact Fee Credits. The County agrees that transportation impact fee credits shall be provided to LLR LLC, with respect to the actual, reasonable cost of construction paid by LLR LLC, for the addition of lanes three (3) and four (4), only, to the LLR LLC Segment (the "LLR Fee Credit Amount"). The LLR Fee Credit Amount shall be 40 percent of the actual reasonable amount spent by LLR LLC for the four (4) lane LLR LLC Segment. As the Construction Entity, the County agrees that Amprop shall receive 100 percent impact fee credits for all sums actually and reasonably expended by it for design, permitting, and construction (but not any sums expended by others, nor any sums reimbursed by the County or others to Amprop) on the Sunlake Boulevard Pipeline Project, excluding only the construction costs for the Hillsborough Segment. In exchange, Amprop agrees that it shall be responsible for, and shall pay, any amounts necessary to complete the Sunlake Boulevard Pipeline Project that are not required to be paid by LLR LLC, or others. The County acknowledges and agrees that the S.R. 54/Sunlake Boulevard intersection, including signalization, is included within the Sunlake Boulevard Pipeline Project that is impact fee creditable to Amprop hereunder. Conversely, Amprop acknowledges that the S.R. ▇▇/▇▇▇▇ ▇▇▇▇▇▇▇▇ ▇▇▇▇ intersection is not part of the Sunlake Boulevard Pipeline Project, and is not impact fee creditable hereunder. For all purposes under this DA, the determination of whether an expense is an "actual reasonable" expense eligible for reimbursement or impact fee credit shall be made by the County Administrator or his designee consistent with the County's Transportation Impact Fee (TIF) Ordinance and this DA. The County agrees to amend its CIP budget as required to provide for the TIF credits due to Amprop and LLR LLC under this DA, and to insure compliance with the TIF Ordinance, consistent with their reasonably projected project absorption rates, as determined by the County Administrator or his designee. To facilitate the budget process, each Developer (Amprop and LLR LLC, respectively) shall provide to the County Administrator or his designee, on or before June 1 of each year, commencing June 1, 2009, a good faith projection of the schedule for production of building units (residential dwellings, retail, or office square footage, etc.) for the ensuing three (3) County Fiscal Years (October 1 through September 30). In conjunction with the preparation of the County's annual CIP budg...

Impact Fee Credits. The City hereby grants the Developer a credit against transportation impact fees for its costs to finance, design, and construct the ▇▇▇▇▇▇▇▇▇ Projects. The credit is available to parcels located in the areas identified and shown on Exhibits A-1 and A-2. The credits will be calculated and applied as follows: a) Each parcel or lot that is developed within the ▇▇▇▇▇▇▇▇▇ Property credit area (Exhibits A-1 and A-2) will pay the City’s adopted impact fees until Developer provides documentation to the City that Developer has expended a minimum of $50,000 towards the design or construction of one of the ▇▇▇▇▇▇▇▇▇ Projects. At the time of this Agreement, the parties believe that Developer has already met this threshold, therefore, once Developer provides the documentation, the City will begin applying the credit described in this Agreement. b) Once ▇▇▇▇▇▇▇▇▇ provides documentation to the City of such $50,000 expenditure, the City will grant a credit in the amount of $1,000 per new home (or per peak pm trip for commercial/multifamily development) against its standard transportation impact fee for each application to develop a lot or parcel within the ▇▇▇▇▇▇▇▇▇ Property credit area (Exhibits A-1 and A-2) until such time as the credits granted by the City equal the amount of credit due to Developer under Section 12 above. This credit amount shall be adjusted as follows: i. The $1,000 credit shall be adjusted annually per the CPI-U, such adjustment to occur on March 1st of each year; ii. If the amount outstanding for reimbursement of project costs is less than the credit, then the lesser amount shall be provided as a credit; iii. If the City reimburses the Developer directly with SEPA mitigation funds received from another developer, then that amount shall be deducted dollar for dollar from the amount of project costs outstanding and the credits available will be reduced accordingly. c) Upon completion of each Project, Developer shall submit certified project costs to the City for review and acceptance by the City Engineer. Once these costs and executed ▇▇▇▇ of Sale are reviewed and accepted by the City Engineer, the maximum credit due to Developer will be established and will equal the amount of the project costs as so certified in accordance with this subsection and Section

Impact Fee Credits. Landlord hereby assigns to Tenant any and all impact fee credits, fee waivers or rebates provided, or which may be provided, by the City of Phoenix or the State of Arizona in connection with the location of Tenant’s business operations within the Premises. In the event that Landlord receives the benefit of any such impact fee credits, fee waivers or rebates as a result of the location of Tenant’s business within the Premises, Landlord shall promptly remit to Tenant the benefit to Tenant in the form of a check, net of any costs incurred by Landlord to obtain, maintain or otherwise relating to the benefits.

Impact Fee Credits. The City agrees to establish a transportation impact fee credit account for the Project in the name of Developer, its successors and assigns, for 100% of the Transit Payment. Developer may transfer such impact fee credits in the account to purchasers of lots within the Project. Such impact fee credits shall be awarded to Developer within fifteen (15) days of Developer making each installment of the Transit Payment. If constructed prior to approval of the plat containing the 500th single-family dwelling unit or trip equivalent, any excess capacity generated by Roads A2 and B/Medulla Road Extension, as determined relative to buildout traffic of Project, shall be eligible for City transportation impact fee credits. Developer shall receive transportation impact fee credits for the dedication of the Roundabout Area consistent with Section C.4 of this Agreement. The costs of signalization of the ▇▇▇▇▇▇ Road and ▇▇▇▇▇ Road intersections shall not be eligible for City transportation impact fee credits, but instead shall be the subject of a fair-share funding agreement with other adjacent developments, such as ▇▇▇▇▇▇ Creek Preserve and Riverstone. The determination of City transportation impact fee credits shall include the actual costs of design, engineering, permitting and construction and shall be made in accordance with the applicable City Ordinances in place at the time an application for credits is received by the City or County. Developer required project access improvements are not eligible for Impact Fee Credits.

Impact Fee Credits. To Seller’s knowledge, there are no impact fee credits available with respect to the Property. Except for any assessments or costs that may be imposed on the development of the Property and except for any taxes or assessments which may hereafter be levied on the Property due to a change in usage or ownership Seller has received no written notice of any pending or contemplated special assessments with respect to the Property and has no knowledge of any pending or being contemplated. Seller has received no written request from any governmental entity with regard to dedication of the Property or any part thereof and has no knowledge of any donations or payments to or for schools, parks, fire departments or any other public entity which are required to be made by the owner of the Property other than as set forth in the ad valorem tax bills or public utility bills applicable to the Property.

Impact Fee Credits. The payments made for the Line Capacity Fee described in the LDA as the PFSM Payment shall be eligible for impact fee credits pursuant to the County’s impact fee ordinance, as amended form time to time.

Impact Fee Credits. (A) The Final Adoption of an agreement between the County and the Developer (and the CDD, if so designated by Developer) regarding impact fees and credits for roads, parks, public facilities, recreational facilities, etc, shall be a Purchase Condition Precedent. (B) A description of the roadway and other related improvements for which Developer will be entitled to receive impact fee credits, together with the amounts of such credits, is attached as Appendix “X”. The amount of the impact fee credits set forth in Appendix “X” are based upon current estimates and the actual amount of such impact fee credits will be determined based upon the actual cost of each applicable improvement at the time the same is constructed. Except as otherwise provide in Appendix “X”, Developer will not seek any road impact fee credits for loan dedication (C) The parties contemplate that the interlocal agreement referenced herein shall take into consideration impact fee credits for parks, recreational and public facilities that are provided by the Developer. (D) It is contemplated that the impact fee credit agreement described in this Section 5.21 shall also contain a provision that additional impact fee credits may be granted by the County for improvements other than as set forth in subparagraphs (B) and (C) above, from time to time, based upon the mutual written agreement of the County and Developer and/or the CDD. (E) In the event that Final Adoption of the foregoing agreement has not occurred prior to the date set for Closing herein (subject to extension in accordance with Section 6.01 hereof), or, if Final Adoption has occurred, but the terms and conditions of the foregoing agreement are not acceptable to the Developer in its sole discretion, the Developer shall have the option of either (1) waiving this Purchase Condition Precedent, or (2) canceling this Agreement, whereupon the Deposit shall be retained by the County and the parties shall be released from any further rights or obligations hereunder.

Impact Fee Credits. The City has computed and will grant certain impact fee credits for the Project to the Developer consistent with City ordinances and reflecting previous uses on the Property. The impact fee credits to be applied to the Project are as follows:

Impact Fee Credits. SED shall be entitled to transportation impact fee credits pursuant to Chapter 56 of the Orlando City Code and Sewer Benefit Fee Credits pursuant to Chapter 30 of the Orlando City Code.