Satisfaction of Park Obligations. The County acknowledges that Developer’s covenants to construct the neighborhood park and trails improvements pursuant to this Section 3.13 and to pay the Neighborhood Park Fee, which includes the Dedication In-Lieu Fee and components for the costs of such neighborhood park and trail improvements, and to pay and the Community Park Fee, which includes funding for the Community Park Improvements contemplated by the Financing Plan, fully satisfy the County’s development mitigation fee requirements for parks and recreation facilities as set forth in Placer County Code Article 15.34, based on the Specific Plan land uses and densities in effect as of the Effective Date of this Agreement.
Satisfaction of Park Obligations. The County acknowledges that Developer’s covenants to construct the Project’s portion of Park 1 as well as the Trail Improvements pursuant to this Agreement fully satisfies the County’s development mitigation fee requirements for parks and recreation facilities as set forth in Placer County Code Chapter 15, Article 15.34.
