Examples of City Fees in a sentence
As Bond Proceeds are transferred to City as described in Section 5 below, the portion of the Property with respect to which such transfer was made shall receive a credit in the amount transferred against the payment of City Fees.
The purpose of this Agreement is to provide a mechanism by which the CFD may issue the Bonds to provide a source of funds to finance portions of City Fee Facilities in lieu of the payment of City Fees.
Upon such notice and City’s receipt of such disbursement relating to City Fees, Property Owner shall be deemed to have satisfied the portion of applicable City Fees with respect to the number of dwelling units or lots for which City Fees would otherwise have been required in an amount equal to the amount of such disbursement divided by the per lot or unit amount of the applicable City Fees.
Nothing herein shall supersede the obligation of Property Owner to make Advances or otherwise pay City Fees to City when due.
In the event that Bond Proceeds are not available or sufficient to fully satisfy the obligation, then Property Owner shall remain obligated to make Advances or otherwise pay City Fees to City as required by City in accordance with applicable law.