Housing impact fee definition

Housing impact fee or "housing fee" means the fee paid by developers of residential and nonresidential projects to mitigate the impacts that such developments have on the demand for affordable housing in the City.
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Housing impact fee means a fee paid as an alternative to providing an allocated unit or a fraction of an allocated unit.
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Housing impact fee means the fee paid under Municipal Code Chapter 18, Article XVII by developers of residential development projects to mitigate the impacts that such developments have on the demand for affordable housing in the City.
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Examples of Housing impact fee in a sentence

  • The amount of the Housing Impact Fee shall be equal to two and one half percent (2.5%) of the final sales price for each unit, without any offsets or deductions for commission, credits, or any other costs or incentives that may be provided, or as may be otherwise provided in the currently adopted fee schedule establishing the amount of Housing Impact Fees for the City of Santa Xxxx.

  • This Agreement shall act as the escrow instructions for the City of Santa Xxxx in collecting and distributing the Housing Impact Fee to the City.

  • The Housing Impact Fee shall be increased on January 1, 2019, and on January 1st of each year thereafter during the Term by the escalation amount identified in Exhibit J or in the absence of an identified escalation rate, the Default Escalator.

  • Developer shall satisfy all of the Project’s affordable housing obligations, including those imposed by Municipal Code Chapter 18, Article XVII, by payment of a Housing Impact Fee for each dwelling unit payable prior to issuance of the building permit for that dwelling unit.

  • In the event that any for-sale unit subject to this Agreement is not sold within one year from the date of final inspection for such unit for whatever reason, Property Owner shall pay the Housing Impact Fee in an amount determined by the City based on an estimated value for each unit as reasonably determined by the City based on current comparable sales in the area.

  • As set forth in Exhibit J the Housing Impact Fee as of the Effective Date is $20 per square foot of residential floor area of each dwelling unit.

  • Upon payment of the Housing Impact Fee in full, the City will execute and deliver a release of the obligations owing under this Agreement.

  • The Housing Impact Fee shall be collected prior to the closing of the initial sale of any for-sale unit subject to this Agreement.

  • Said condition includes, but is not limited to the condition of the grounds, all buildings, improvements, appliances, fixtures, carpets, drapes and paint.

  • As set forth in Section 8.2 of the Agreement, Landowner must pay the County's Non-Residential Affordable Housing Impact Fee directly to County in connection with the issuance of all non-residential building permits issued for development of the Property, regardless of whether such permits are issued for a portion of the Property that has been annexed to the City or for a portion of the Property that remains in an unincorporated area of the County.


More Definitions of Housing impact fee

Housing impact fee means the fee paid by developers of residential and non-residential development projects pursuant to this Chapter to mitigate the impacts that such developments have on the demand for affordable housing.
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Related to Housing impact fee

  • Impact fee means a payment of money imposed under Title 11, Chapter 36a, Impact Fees Act.

  • Housing costs means the compensation or fees paid or charged, usually periodically, for the use of any property. land, buildings, or equipment. For purposes of this chapter, housing costs include the basic rent charge and any periodic or monthly fees for other services paid to the landlord by the tenant, but do not include utility charges that are based on usage and that the tenant has agreed in the rental agreement to pay, unless the obligation to pay those charges is itself a change in the terms of the rental agreement.

  • Development Fee means a fee for the packaging of a Property, including negotiating and approving plans, and undertaking to assist in obtaining zoning and necessary variances and necessary financing for the Property, either initially or at a later date.

  • Impact Fees means those fees imposed so that developments bear a proportionate share of the cost of public facilities and service improvements that are reasonably related to the impacts and burdens of the Project, adopted pursuant to Morgan Hill Municipal Code Chapter 3.56 and California Government Code Section 66001 et seq.

  • Access Fee means a fee prescribed for the purposes of section 22(6) or 54(6), as the case may be;

  • Contract Fee means the lump sum rates as outlined in Schedule ‘B’ – Quote Form.

  • Public improvement costs means the costs of:

  • Upfront Fee has the meaning specified in Section 2.07 hereof.

  • Property Management Fee means the fee payable to the Manager for its day-to-day management of the Property pursuant to the Management Agreement.

  • Rental Fee A fee charged by the Contractor for the rental of a compactor or roll-off container.

  • Hire Fee the hire fee specified in Item 13.

  • LWDA PAGA Payment means the 75% of the PAGA Penalties paid to the LWDA under Labor Code section 2699, subd. (i).

  • Improvement Costs means any additional expenditure on a fixed asset that materially increases the capacity of the asset or materially improves its functioning or represents more than 10% of the initial depreciation base of the asset;

  • Applicable Facility Fee means the percentage set forth in the table below corresponding to the Level at which the “Applicable Margin” is determined in accordance with the definition thereof: Level Facility Fee 2 0.125% 3 0.150% 4 0.200% 5 0.250%

  • Target fee, as used in this contract, means the fee initially negotiated on the assumption that this contract would be performed for a cost equal to the estimated cost initially negotiated, adjusted in accordance with paragraph (d) of this clause.

  • Non-Extended Facility has the meaning assigned to such term in Section 3.6(d).

  • Franchise Fee means a direct or indirect payment to purchase or operate a franchise. Franchise fee does not include any of the following:

  • Training costs means reasonable costs incurred to upgrade the technological skills of Full-Time Employees in Illinois and includes: curriculum development; training materials (including scrap product cost); trainee domestic travel expenses; instructor costs (including wages, fringe benefits, tuition and domestic travel expenses); rent, purchase or lease of training equipment; and other usual and customary training cots. “Training costs” do not include, except where the Company receives prior written approval of the Department, costs associated with travel outside the United States, wages and fringe benefits of employees during periods of training, administrative costs related to Full-Time Employees of the Taxpayer, or amounts paid to an affiliate of the Company.

  • Assigned Annual Special Tax means the Special Tax of that name described in Section D.

  • Facility Fee has the meaning specified in Section 2.09(a).

  • Renewal Fee means the fee that Borrower must pay Coast upon renewal of this Agreement pursuant to Section 9.1 hereof, in the amount set forth on the Schedule.

  • Advance Reimbursement Amount has the meaning stated in Section 4.4(b) of the Servicing Supplement.

  • Contingent fee as used in this clause, means any commission, percentage, brokerage, or other fee that is contingent upon the success that a person or concern has in securing a Government contract.

  • training allowance means an allowance (whether by way of periodical grants or otherwise) payable—

  • Sewage sludge fee weight means the weight of sewage sludge, in dry U.S. tons, excluding admixtures such as liming materials or bulking agents. Annual sewage sludge fees, as per section 3745.11(Y) of the Ohio Revised Code, are based on the reported sludge fee weight for the most recent calendar year.