Park Impact Fees Sample Clauses

Park Impact Fees. All impact park fees are to be expended by the Village to pay for capital costs for such park development for which the fees were imposed, under the above provisions, within seven (7) years from collection or are to be refunded to the current owner of lands upon which the fees were collected; provided, however, the seven
Sample 1
AutoNDA by SimpleDocs
Park Impact Fees. All impact park fees are to be expended by the Village to pay for capital costs for such park development for which the fees were imposed, under the above provisions, within seven (7) years from collection or are to be refunded to the current owner of lands upon which the fees were collected; provided, however, the seven (7) year limit may be extended for three (3) additional years if the Village Board adopts a resolution stating that due to extenuating circumstances or hardship in meeting the seven (7) year limit, specifying the extenuating circumstances or hardship, it needs an additional three (3) years to use the park impact fees. (Ord. 407 – 9/5/06) Amended per Ord. 413 – 1/16/07)
Sample 1
Park Impact Fees. No Park Impact Fees for any component of Project.
Sample 1
Park Impact Fees. Section 7 of the Agreement shall be amended as follows: City Contribution. To the extent that the City collects Park Impact Fees from developers during the term of this agreement and any portion of those Park Impact Fees are attributable to construction of the Improvements, the City shall transfer those impact fees to the District not less than one time per year and the District shall apply the full amount of any such transfer either directly against the outstanding bond levy principal balance or against actual construction costs associated with the Improvements more fully described in Exhibit A-1 and A-2 to this Agreement.
Sample 1
Park Impact Fees. The City and Developer hereby agree that if the Project is subdivided, the Developer shall pay the current park impact fee of thirteen thousand and eight hundred twenty nine dollars ($13,829.00) per dwelling unit (“Park Impact Fees”). Moreover, the Public Infrastructure Improvement Contribution set forth in paragraph 5 shall be credited against the Developer’s Park Impact Fees.
Sample 1
Park Impact Fees. The City may wish to contribute park impact fees to improvements to the Property from time to time. The parties will agree on such contributions prior to the City making such contributions but no further amendments to this Agreement shall be required other than a Motion by the North Bend City Council authorizing such distribution and inclusion of such expenditure in the City’s budget.
Sample 1
Park Impact Fees. The City shall not charge Developer Park Impact Fees based on Developer’s dedication and construction of Regional Park’s and associated improvements as more fully set forth in this MDA. To ensure that the Regional Park’s improvements are completed, beginning on the first Phase of the Project and continuing until Developer has completed the Regional Park’s improvements, Developer shall pay the City an amount equal to the then-current park impact fees upon platting each lot within the Project that the City will hold in the Park Escrow Account. Developer can draw on the Park Escrow Account to pay for construction of the Regional Park’s improvements. If Developer fails to complete the Regional Park’s improvements prior to expiration of the term of this MDA, then (i) Developer shall be deemed to release any right to all remaining funds in the Park Escrow Account and (ii) the City shall transfer all remaining funds in the Park Escrow Account into the City’s general park impact fee fund. In the event there are funds remaining in the Park Escrow Account after all improvements in the Regional Park are completed and accepted by the City, all remaining funds shall be returned to the Developer. The parties acknowledge that the escrow fund contemplated in this subsection is intended only to provide collateral for the City to ensure the completion of the Regional Park’s improvements and that it does not replace or amend the Developer’s obligation to complete the Regional Park with its improvements at the Developer’s sole costs and expense. The parties further understand and agree that the balance of the fund shall not be deemed or considered as evidence to be used to establish the value of either the burden or benefit of parks and facilities contemplated by the development, as there are numerous factors outside of the City’s current Park Impact Fees that the parties have taken into consideration in entering into this MDA and reaffirm their understanding and agreement that there is an essential link between the City’s interest in developing open space for the public and that the benefit provided to the City is roughly proportionate, both in nature and extent to the burden created by the Development.
Sample 1
AutoNDA by SimpleDocs

Related to Park Impact Fees

  • Support Fees Medical Practice shall be eligible to receive either Basic Support or Premium Support (the “Support Options”) based on the Support Option listed on Schedule “A” to the License Agreement. Medical Practice shall pay Modernizing Medicine the monthly fee specified on Schedule “A” of the License Agreement for either Basic Support (the “Basic Support Fee”) or Premium Support (the “Premium Support Fee” and together with the Basic Support Fee, the “Support Fees”) based on the Support Option that Medical Practice has selected. Medical Practice may elect to change the Support Option it has selected by providing at least ten (10) days prior written notice to Modernizing Medicine of such change, which change shall become effective at the commencement of the next applicable Renewal Term, unless otherwise agreed to in writing by Modernizing Medicine.

  • Franchise Fees As compensation for the Franchise granted to the Company, the City shall receive payment of a total annual fee of three (3) percent of gross receipts per year from the Company's sale of electricity to electric-consuming entities inside the City's corporate limits; provided, however, that such fee shall be payable by the Company only if and to the extent the Company is authorized by the Kentucky Public Service Commission (or its successor) to pass through such fee to the entities served by it inside the City's corporate limits; and provided further, the City shall provide the Company a list, in electronic format, of all electric-consuming entities within the City limits that are to be served by the Company, which list shall be updated annually.

  • Property Management Fee For its services in managing the day-to-day operations of the Property in accordance with the terms of this Agreement, Company shall pay to Property Manager an annual property management fee (the “Property Management Fee”) equal to 4.0% of the Gross Revenue (as hereinafter defined). The Property Management Fee shall be prorated for any partial year and shall be payable in equal monthly installments, in advance. The Property Management Fee shall be payable on the first day of each month from the Operating Account or from other funds timely provided by the Company. Upon the expiration or earlier termination of this Agreement, the parties will prorate the Property Management Fee on a daily basis to the effective date of such expiration or termination. For purposes of this Agreement, the term “Gross Revenue” shall mean all gross collections from the operations of the Property, including, without limitation, rental receipts, late fees, application fees, pet fees, damages, lease buy-out payments, reimbursements by Tenants for common area expenses, operating expenses and taxes and similar pass-through obligations paid by Tenants, but shall expressly exclude (i) security deposits received from Tenants and interest accrued thereon for the benefit of the Tenants until such deposits or interest are included in the taxable income of the Company; (ii) advance rents (but not lease buy-out payments) until the month in which payments are to apply as rental income; (iii) reimbursements by Tenants for work done for a particular Tenant; (iv) proceeds from the sale or other disposition of all or any portion of the Property; (v) insurance proceeds received by the Company as a result of any insured loss (except proceeds from rent insurance or the excess of insurance proceeds for repairs over the actual costs of such repairs); (vi) condemnation proceeds not attributable to rent; (vii) capital contributions made by the Company; (viii) proceeds from capital, financing and any other transactions not in the ordinary course of the operation of the Property; (ix) income derived from interest on investments or otherwise; (x) abatement of taxes, awards arising out of takings by eminent domain and discounts and dividends on insurance policies; and (xi) rental concessions not paid by third parties.

  • License Fees If so provided in the Prospectus, the Depositor may enter into a Licensing Agreement (the "Agreement") with a licensor (the "Licensor") described in the Prospectus in which the Trust(s), as consideration for the licenses granted by the Licensor for the right to use its trademarks and trade names, intellectual property rights or for the use of databases and research owned by the Licensor, will pay a fee set forth in the Agreement to the applicable Licensor or the Depositor to reimburse the Depositor for payment of the expenses. If the Agreement provides for an annual license fee computed in whole or part by reference to the average daily net asset value of the Trust assets, for purpose of calculating the accrual of estimated expenses such annual fee shall accrue at a daily rate and the Trustee is authorized to compute an estimated license fee payment (i) until the Depositor has informed the Trustee that there will be no further deposits of additional Securities, by reference to an estimate of the average daily net asset value of the Trust assets which the Depositor shall provide the Trustee, (ii) thereafter and during the calendar quarter in which the last business day of the period described in clause (i) occurs, by reference to the net asset value of the Trust assets as of such last business day, and (iii) during each subsequent calendar quarter, by reference to the net asset value of the Trust assets as of the last business day of the preceding calendar quarter. The Trustee shall adjust the net asset value (Trust Fund Evaluation) as of the dates specified in the preceding sentence to account for any variation between accrual of estimated license fee and the license fee payable pursuant to the Agreement, but such adjustment shall not affect calculations made prior thereto and no adjustment shall be made in respect thereof. (17) Sections 2.05(a) and 2.05(b) are hereby amended and replaced in their entirety with the following:

Draft better contracts in just 5 minutes Get the weekly Law Insider newsletter packed with expert videos, webinars, ebooks, and more!