Common use of Park Fee Credit Clause in Contracts

Park Fee Credit. Developer and City agree that the park in-lieu fee amount will be Nine and 40/100ths Dollars ($9.40) per square foot (unless City adopts a lower fee in which case the lower fee shall apply), increased annually by the CPI for the San Francisco-Oakland area, with the first increase implemented in January 2017 reflecting 2016 increases.Developer is eligible for partial park fee credit of thirty five percent (35%) of the land area devoted to private recreational area on site.

Park Fee Credit. Developer and City agree that the park in-lieu fee amount will be Nine valuation is currently Ten Dollars and 40/100ths Dollars ($9.40) Twenty-Seven Cents per square foot ($10.27/sf foot unless City adopts a lower fee in which case the lower fee shall apply), increased annually by the CPI for the San Francisco-Oakland area, with the first increase implemented in January 2017 2019 reflecting 2016 2018 increases.. Developer is eligible for and City agree that Developer shall receive partial park fee credit of thirty five percent (35%) of for the land area devoted to private on-site recreational area on siteimprovements in the Project.

Park Fee Credit. Developer and City agree that the park in-lieu fee amount will be Nine and 40/100ths Dollars ($9.40) 9.40 per square foot (unless City adopts a lower fee in which case the lower fee shall apply)foot, increased annually by the CPI for the San Francisco-Francisco- Oakland area, with the first increase implemented in January 2017 reflecting 2016 increases.Developer is eligible for partial park fee credit of thirty five percent (35%) of the land area devoted to private recreational area on site.

Park Fee Credit. Developer and City agree that the park in-lieu fee amount will be Nine and 40/100ths Dollars ($9.40) per square foot (unless City adopts a lower fee in which case the lower fee shall apply), increased annually by the CPI for the San Francisco-Oakland area, with the first increase implemented in January 2017 reflecting 2016 increases.Developer is eligible for partial park fee credit of thirty five percent (35%) . The timing of the land area devoted to private recreational area on sitepayment of the park in-lieu fee shall be satisfied through compliance with the Municipal Code or a separate agreement between Developer and the City.