Landowners’ Cost in Excess of Directed Impact Fees Sample Clauses

Landowners’ Cost in Excess of Directed Impact Fees. In the event the Landowners’ cost to construct Impact Fee Facility Improvements are in excess of the applicable Impact Fee Facility Contribution amounts set forth in Paragraph 5 above, the City agrees to use its best efforts to reimburse Landowners with interest for the excess cost from the applicable Impact Fees collected first from the Neighboring Development and then from other development within the same benefit district, or from other funding sources identified in the Bond Ordinance within eleven (11) years from the date of the Impact Fee Facility Improvement is substantially constructed. Notwithstanding the above, the City’s best efforts to reimburse Landowners with the impact fees collected from other development within the same benefit district does not restrict the City from agreeing to reimburse future developers within the same benefit district from directed impact fees if those developers fund Impact Fee Facility Improvements.
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Related to Landowners’ Cost in Excess of Directed Impact Fees

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