Common Contracts
1 similar Development Charges Deferral Agreement contracts
Applications for deferral of City Development Charges (DCs) are accepted for industrial, non-residential, and high-density residential developments with a minimum City Development Charge payable of $50,000. Application does not guarantee approval. For...Development Charges Deferral Agreement • December 14th, 2022
Development Information Name of Development: Address of Development: Legal Description of Land: Type of Development: Building Permit Number: e.g. 60,000 square foot industrial building, 320 unit apartment building, etc. Expected Building PermitIssuance Date: Note: execution of approved deferral agreements can take 3-4 months. Building Permits will not be issued until DCs have been paidor a deferral agreement has been executed. Requested dollar value of DCsto be Deferred: $ Note: only City DCs are eligible for deferral. APPLICATION RECEIPT For DCPP Use Only Application Number: Staff Initials Date Application Received: Date Application Fee Received: DC Deferral Amount: Date Application Approved: DEFERRAL PROGRAM DETAILS Interest Industrial Developments: Interest shall be charged on DC Deferral Agreements based on the City's Five Year Debenture Rate for the month the relevant building permit is issued. 1st to 4th priority on title:
