Examples of Impact fee account in a sentence
The City shall establish a Roadway Impact Fee Account and a Water Impact Fee Account and shall use the funds in said account to make payments to the Owner under this Agreement and said payments shall be made every three (3) months beginning three (3) months after the first deposit in to said account.
The Impact Fee Account was created upon mutual execution of the Development Agreement.
Impact Fee Credits means the credit balance in the Impact Fee Account established for the Plant as a result of the calculation of system capacity credits for the land uses in effect on the date of adoption of the City’s impact fee ordinance, (date), as depicted on Exhibit 8 to the Development Agreement.
The development agreement entered into by (“the Developer”) and the City of (“City”) dated concerning property owned by the Developer known as the Plant includes a provision for the establishment of an Impact Fee Account to account for the total number of trips and grandfathered capacity impact fee credits applied for the various lots on the property (“Impact Fee Credit”).