Examples of Park Fees in a sentence
The County may, during the Term of this Agreement, without obtaining the prior written consent of the City, issue any SSRBs payable in whole or in part from, or grant or otherwise make available any SSRCs against or payment derived from, Park Fees, other than from the City New Investment Fees payable under this Agreement, so long as, after giving effect to such SSRCs or SSRBs, a sufficient amount of Park Fees remains to repay any other SSRBs issued and outstanding at such time.
The City shall be responsible for constructing improvements within Xxxxxxxxx Regional Park with the Regional Park Fees.
As to all Park Property, after application of SSRCs, if any, one percent (1%) of the total remaining Park Fees received by the County with respect to each Tax Year (the “Partner County Park Fees”) will be distributed to the Partner County in accordance with the Park Agreement.
Full development of such anticipated joint use facilities is understood to be dependent on future agreement with and participation of the school district and on sufficient Community Park Fees being generated over full build out of the Specific Plan.
As to all Park Property, Park Fees shall be distributed to the Partner County in accordance with the Park Agreement, such Park Fees being hereinafter referred to as the “Partner County Park Fees.” After distribution of the Partner County Park Fees to the Partner County, the remaining Park Fees received by the County which are not New Investment Fees shall be distributed by the County in its sole discretion.
In the event the Private Recreational Amenities is not maintained or operated in accordance with the requirements of this Agreement or the Developer fails to meet the reporting requirements of Section 3, City shall have the right to demand payment of the previously credited Park Fees, in their entirety.
In the event that the payment of Park Fees paid by any owner or lessee of any of the Park Property is made under protest or is otherwise in dispute, the County shall not be obligated to pay to the City more than the City’s share of the undisputed portion thereof until thirty (30) days after the final resolution of such protest or dispute.
In the event that the payment of Park Fees paid by any owner or lessee of any of the Improvement Parcels is made under protest or is otherwise in dispute, the County shall not be obligated to pay to the City more than the City’s share of the undisputed portion thereof until thirty (30) days after the final resolution of such protest or dispute.
In the event the POPS is not maintained or operated in accordance with the requirements of this Agreement or reporting requirement set forth in Section 3 are not met, City shall have the right to demand payment of the previously credited Park Fees, in their entirety.
Therefore reimbursement of the entirety of the projected Parks Fees is an appropriate use of Park Fees subject to the terms and conditions of this MOU.