Segregated Arterial Street Impact Fees Sample Clauses

Segregated Arterial Street Impact Fees. The City agrees to segregate arterial street impact fees collected by the City (i) from development of Parcel 1 after the date of this Agreement (“Sundance Segregated Arterial Street Impact Fees”) and utilize said Sundance Segregated Arterial Street Impact Fees to fund and contribute to the cost of the ¼ mile Roundabout and South 40th Street Connection and (ii) from development of Parcel 2 after the date of this Agreement (“Xxxxx Segregated Arterial Street Impact Fees”) and utilize said Xxxxx Segregated Arterial Street Impact Fees to fund and contribute to the cost of ¼ mile Roundabout and South 40th Street Connection. The Sundance Segregated Arterial Street Impact Fees and Xxxxx Segregated Arterial Street Impact Fees are sometimes referred to herein as “Segregated Arterial Street Impact Fees”. In the event there are not enough Segregated Arterial Street Impact Fees available to fund the ¼ mile Roundabout and Xxxxx 00xx Xxxxxx Connection at the time they are constructed by the applicable Parcel Owners, the Parcel Owners shall fund said ¼ mile Roundabout and Xxxxx 00xx Xxxxxx Connection based upon the above stated percentages and said costs shall be reimbursed to the applicable Parcel Owner by the City when said Parcel’s Segregated Arterial Impact Fees become available. Sundance shall be entitled to receive the Sundance Segregated Arterial Street Impact Fees generated from Parcel 1 to reimburse Sundance for its initial contributions and Xxxxx shall be entitled to receive the Xxxxx Segregated Arterial Street Impact Fees generated from Parcel 2 to reimburse Xxxxx for its initial contributions.
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Segregated Arterial Street Impact Fees. The City agrees to segregate arterial street impact fees collected by the City from development of Waterford Estates, which area is identified on Attachment “4-B”, which is attached hereto and incorporated herein by this reference (“Segregated Arterial Street Impact Fees”), and utilize said Segregated Arterial Street Impact Fees to fund the N. 104th Street Roundabout. In the event Segregated Arterial Street Impact Fees are not available to fund the N. 000xx Xxxxxx Roundabout at the time it is constructed by the Developer, the Developer shall fund the N. 000xx Xxxxxx Roundabout and said costs shall be reimbursed to the Developer quarterly by the City from Segregated Arterial Impact Fees actually collected. If required, the Developer shall prepare and process, and the City agrees to sign, as permittee, an application for any Section 404 permit required for construction of the N. 104th Street Roundabout.
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Segregated Arterial Street Impact Fees. The City agrees to segregate arterial street impact fees collected by the City from development of the Property, as well as the property included within Southwest Village Heights Preliminary Plat, which area is identified on Exhibit “ D” (“Segregated Arterial Street Impact Fees”) and utilize said Segregated Arterial Street Impact Fees to fund the X. Xxxxxx Street Impact Fee Facility Improvements. In the event Segregated Arterial Street Impact Fees are not available to fund the X. Xxxxxx Street Impact Fee Facility Improvements at the time they are constructed by the Property Owner, the Property Owner shall fund said X. Xxxxxx Street Arterial Street Impact Fee Facility Improvements and said costs shall be reimbursed to the Property Owner semi-annually by the City from Segregated Arterial Impact Fees actually collected. If required, the X. Xxxxxx Street Arterial Street Impact Fee Facility Improvements shall be publicly bid and awarded as provided by law. If required, the Property Owner shall prepare and process, and the City agrees to sign, as permittee, an application for any Section 404 permit required for construction of the X. Xxxxxx Street Arterial Street Impact Fee Facility Improvements.
Sample 1

Related to Segregated Arterial Street Impact Fees

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