Road Impact Fee Credit. Proportionate share contributions made pursuant to this Agreement shall establish road impact fee credits. These credits are assignable and transferrable in accordance with Section 163.31801(10), Florida Statutes as described in Chapter 2021-63, Laws of Florida. The Developer understands and agrees that in no event shall the Developer be entitled to road impact fee credits in excess of the proportionate share contribution and in the event the contribution exceeds the amount of road impact fees owed by the Project through buildout, Developer shall not be entitled to a refund for the proportionate share contribution in excess of such road impact fees.
Appears in 4 contracts
Samples: Proportionate Share Agreement, Proportionate Share Agreement, Proportionate Share Agreement
