Common use of Park Fee Credit Clause in Contracts

Park Fee Credit. Developer and City agree that the park in-lieu fee valuation is currently Ten Dollars and 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 2019 reflecting 2018 increases. Developer and City agree that Developer shall receive partial park fee credit for the on-site recreational improvements in the Project.

Park Fee Credit. Developer and City agree that the park in-lieu fee valuation is currently Ten amount will be Nine and 40/100ths Dollars and Twenty-Seven Cents ($9.40) 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 2019 2017 reflecting 2018 2016 increases. .Developer and City agree that Developer shall receive is eligible for partial park fee credit for of thirty five percent (35%) of the on-site land area devoted to private recreational improvements in the Projectarea on site.

Park Fee Credit. Developer and City agree that the park in-lieu fee valuation is currently Ten amount will be Nine and 40/100ths Dollars and Twenty-Seven Cents ($9.40) 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 2019 2017 reflecting 2018 2016 increases. The timing of the payment of the park in-lieu fee shall be satisfied through compliance with the Municipal Code or a separate agreement between Developer and City agree that Developer shall receive partial park fee credit for the on-site recreational improvements in the ProjectCity.

Park Fee Credit. Developer and City agree that the park in-lieu fee valuation is currently Ten Dollars and Twenty-Seven Cents amount will be $9.40 per square foot ($10.27/sf 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 2019 2017 reflecting 2018 2016 increases. Developer and City agree that Developer shall receive partial park fee credit for the on-site recreational improvements in the Project.