Police and Fire Station Credit Sample Clauses

Police and Fire Station Credit. Developer shall not be obligated to pay the “Police Facilities” and “Fire Facilities” components of the Public Facilities Impact Fee that would be otherwise payable in connection with the construction and development of the Project because such obligation has been satisfied by Developer’s commitment to construct and dedicate the Police and Fire Station for the City. City and Developer agree that the cost of constructing the Police and Fire Station significantly exceeds the “Police Facilities” and “Fire Facilities” component of the Public Facilities Impact Fee that would otherwise be payable in connection with the construction and development of the Project. Notwithstanding the foregoing, the construction of the Police and Fire Station for the City is one of the Public Benefits that Developer is providing pursuant to this Development Agreement, and Developer shall not be entitled to reimbursement for the amount by which the cost of constructing the Police and Fire Station exceeds the “Police Facilities” and “Fire Facilities” component of the Public Facilities Impact Fee that would otherwise be payable in connection with the construction and development of the Project.
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