Platinum Triangle Interim Development Fees Sample Clauses

Platinum Triangle Interim Development Fees. CITY anticipates that a number of fees will be adopted to pay the costs attributable to new development in the Platinum Triangle. The Interim Development Fees constitute amounts estimated by the applicable City Departments to be the approximate fair share of costs attributable to the Project. If an identified fee has been adopted prior to issuance of the certificate of occupancy for the Project, the OWNER shall pay the fee. If an identified fee has not been adopted prior to the issuance of said certificate of occupancy, the OWNER shall pay the applicable Platinum Triangle Interim Development Fees set forth in attached Exhibit “D.” If the OWNER has paid a Platinum Triangle Interim Development Fee, and upon subsequent adoption of a corresponding fee it is determined that the OWNER has paid an amount greater than the amount payable pursuant to the adopted fee, the excess amount paid as an Interim Development Fee shall be refunded to the OWNER. CITY shall not be obligated to adopt any of the identified fees. If any such identified fee is not adopted, the parties agree that the Interim Development Fee is adequate to address the impacts of the Project.