Common use of Transportation Impact Fee Credits Clause in Contracts

Transportation Impact Fee Credits. Promptly upon County’s approval of any Environmental Assessments and Title Commitment required under Section 2, and upon approval and acceptance of the general warranty deed <or in the case of conveyance by plat dedication, County’s acceptance of the plat dedication>, County shall credit on its books to the account of Owner, for purposes of Article IV of Chapter 23 of the Orange County Code and any successor code provisions (the “Impact Fee Ordinance”), the aforementioned amount of transportation impact fee credits to which Owner is entitled under the Impact Fee Ordinance. Such transportation impact fee credits may only be used in transportation impact fee zone <ZONE #> Thereafter, as impact fees become payable from time to time in connection with the Project, and if so instructed by Owner, County shall deduct such amounts payable from Owner’s account. For purposes of the foregoing, County shall make deductions from Owner’s account from time to time only upon receipt of written direction from Owner (or from such person or entity to whom Owner expressly may assign this authority, in writing, in the future) to effect the particular deduction. Nothing herein shall prevent Owner from assigning transportation impact fee credits as provided for in Section 23-95(e) of the Orange County Code, as may be amended from time to time.

Transportation Impact Fee Credits. Promptly upon County’s approval of 104 any Environmental Assessments and Title Commitment required under Section 2, and upon 105 approval and acceptance of the general warranty deed <deed, or in the case of conveyance by plat xxxx 106 dedication, County’s acceptance of the plat dedication>, County shall credit on its books to the 107 account of Owner, for purposes of Article IV of Chapter 23 of the Orange County Code and any 108 successor code provisions (the “Impact Fee Ordinance”), the aforementioned amount of 109 transportation impact fee credits to which Owner is entitled under the Impact Fee Ordinance. 110 Such transportation impact fee credits may only be used in transportation impact fee zone <ZONE #> . 111 Thereafter, as impact fees become payable from time to time in connection with the Project, and 112 if so instructed by Owner, County shall deduct such amounts payable from Owner’s account. 113 For purposes of the foregoing, County shall make deductions from Owner’s account from 114 time to time only upon receipt of written direction from Owner (or from such person or entity to 115 whom Owner expressly may assign this authority, in writing, in the future) to effect effectuate the 116 particular deduction. 117 Nothing herein shall prevent Owner from assigning transportation impact fee credits as 118 provided for in Section 23-95(e) of the Orange County Code, as may be amended from time to 119 time.

Transportation Impact Fee Credits. Promptly upon County’s approval of any Environmental Assessments and Title Commitment required under Section 2, and upon approval and acceptance of the general warranty deed <or in the case of conveyance by plat dedication>, County’s acceptance of the plat dedication>, County shall credit on its books to the account of Owner, for purposes of Article IV of Chapter 23 of the Orange County Code and any successor code provisions (the “Impact Fee Ordinance”), the aforementioned amount of transportation impact fee credits to which Owner is entitled under the Impact Fee Ordinance. Such transportation impact fee credits may only be used in transportation road impact fee zone <ZONE #> Thereafter, as impact fees become payable from time to time in connection with the Project, and if so instructed by Owner, County shall deduct such amounts payable from Owner’s account. For purposes of the foregoing, County shall make deductions from Owner’s account from time to time only upon receipt of written direction from Owner (or from such person or entity to whom Owner expressly may assign this authority, in writing, in the future) to effect the particular deduction. Nothing herein shall prevent Owner from assigning transportation impact fee credits as provided for in Section 23-95(e) of the Orange County Code, as may be amended from time to time.