Commercial Linkage Fee definition

Commercial Linkage Fee means the fee paid by the applicant of commercial development projects to mitigate the impacts that such developments have on the demand for affordable housing in the City (see Municipal Code Chapter 4.60).
View Source
Commercial Linkage Fee or "CLF" means the commercial linkage fee adopted by the City Council as set forth in Chapter 5.11 of Title 5 of the San José Municipal Code in effect on the Effective Date of this Development Agreement.
View Source
Commercial Linkage Fee means the fee adopted by the City Council pursuant to this Chapter to be paid to the City pursuant to Section 5.11.030 of this Chapter in connection with approval of a Development Permit to contribute to the creation of Affordable Housing production or preservation to offset additional need for Affordable Housing generated by new Non-Residential development.
View Source

Examples of Commercial Linkage Fee in a sentence

  • Prior to issuance of a building permit for the Project, Developer shall pay the City an Affordable Housing Commercial Linkage Fee of one hundred and seventy-five thousand dollars ($175,000) for affordable housing.

  • Prior to issuance of a building permit for the Project, Developer shall pay the City an Affordable Housing Commercial Linkage Fee of three hundred and twenty-five thousand dollars ($325,000) for affordable housing.

  • Upon close of Escrow, One Million One Hundred Thousand Dollars ($1,100,000) of the Loan shall be repaid to the City’s Commercial Linkage Fee Fund.

  • Prior to obtaining a building permit for the Project, Developer shall pay to the City an Affordable Housing Commercial Linkage Fee in the amount of Seven-Hundred and Twenty Thousand Dollars ($720,000.00) to be used by the City to facilitate the development and availability of housing affordable to a broad range of households with varying income levels within the City.

  • Prior to the issuance of a building permit for the Project, Developer shall pay the City an Affordable Housing Commercial Linkage Fee of Three Hundred Seventy-Nine Thousand Dollars ($379,000).

  • Proceeds for the Loan come from the City's Commercial Linkage Fee Fund (Fund 823).


More Definitions of Commercial Linkage Fee

Commercial Linkage Fee means the fee paid by applicant of commercial development projects to mitigate the impacts that such developments have on the demand for affordable housing in the city.
View Source
Commercial Linkage Fee means the fee assessed on commercial development to help off-
View Source