Common use of Segregated Arterial Street Impact Fees Clause in Contracts

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.

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 ofthe 14 mile Roundabout Roimdabout and South 40th Street Xxxxx 00* Xxxxxx 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 Xxxxx 00* Xxxxxx 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 00* Xxxxxx Connection at the time they are constructed by the applicable Parcel Owners, the Parcel Owners shall fund said ¼ Va mile Roundabout and Xxxxx 00xx 00* 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.

Segregated Arterial Street Impact Fees. The City agrees to segregate arterial street impact fees collected by the City (i) from development of Parcel 1 and Parcel 3 as described on Exhibit “A” 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 as described on Exhibit “A” 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 and Parcel 3 as described on Exhibit “A” 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 as described on Exhibit “A” to reimburse Xxxxx for its initial contributions.

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 Property, as well as the property included within Southwest Village Heights Preliminary Plat, which area is identified on E xhibit “E-1” attached hereto (“Sundance Segregated Arterial Street Impact Fees”) ), and utilize said Sundance Segregated Arterial Street Impact Fees to fund and contribute the X. Xxxxxx Street Improvements, W. Old Xxxxxx Road Roundabout, and, if they are determined by the City to be impact fee facility improvements, the cost of SW 12th Turn Lanes (collectively the ¼ mile Roundabout and South 40th Street Connection and (ii) from development of Parcel 2 after “Road Improvements”). In 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 event 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 Road Improvements at the time they are constructed by the applicable Parcel OwnersProperty Owner, the Parcel Owners Property Owner shall fund said ¼ mile Roundabout and Xxxxx 00xx Xxxxxx Connection based upon the above stated percentages Road Improvements and said costs shall be reimbursed to the applicable Parcel Property Owner quarterly by the City when said Parcel’s from Segregated Arterial Impact Fees become availableactually collected. Sundance If required, the Road Improvements shall be entitled publicly bid and awarded as provided by law. If required, the Property Owner shall prepare and process, and the City agrees to receive sign, as permittee, an application for any Section 404 permit required for construction of the Sundance Road Improvements. In the event the Property Owner’s costs for the Road Improvements are in excess of the anticipated Segregated Arterial Street Impact Fees, defined below, and said costs are not reimbursed from other City funds, then the City agrees to use Impact Fees generated collected from Parcel 1 within the same benefit district to reimburse Sundance the Property Owner 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 contributionssuch costs.

Segregated Arterial Street Impact Fees. The City does not currently have funding to pay for the Grading Arterial Street Impact Fee Facility Improvements to Xxx Xxxx Street. Consequently, the City agrees to segregate arterial street impact fees collected by the City (i) from development of Parcel 1 the Property 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 Grading Arterial Street Impact Fees”) Fee Facility Improvements associated with the temporary right and utilize said Xxxxx Segregated Arterial Street Impact Fees to fund and contribute to left turn lanes. In the cost of ¼ mile Roundabout and South 40th Street Connection. The Sundance Segregated Arterial Street Impact Fees and Xxxxx event 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 Grading Arterial Street Impact Fee Facility Improvements at the time they are constructed by the applicable Parcel OwnersOwner, the applicable Parcel Owners Owner shall fund said ¼ mile Roundabout and Xxxxx 00xx Xxxxxx Connection based upon the above stated percentages Grading Arterial Street Impact Fee Facility Improvements 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 If required, the Sundance Segregated Grading Arterial Street Impact Fees generated from Parcel 1 to reimburse Sundance for its initial contributions and Xxxxx Fee Facility Improvements shall be entitled publicly bid and awarded as provided by law. If required, the applicable Parcel Owner shall prepare and process, and the City agrees to receive sign, as permittee, an application for the Xxxxx Segregated Section 404 permit required for construction of the Grading Arterial Street Impact Fees generated from Fee Facility Improvements associated with the temporary right and left turn lanes (“Xxx Xxxx 404 Permit”). The applicable Parcel 2 Owner will submit any required Van Dorn 404 Permit application to reimburse Xxxxx the Corps of Engineers for review concurrently with its initial contributionssubmittal of applications for the Section 404 permits required for development of the Property.