Examples of Plan Area Fee in a sentence
As a result of Developer’s dedication of improved parkland pursuant to Section 3.9.4, Developer shall not be required to pay the neighborhood park development fee component or the neighborhood park land acquisition fee component of the Plan Area Fee, notwithstanding the actual costs incurred by Developer to provide the improved parkland, so long as the improvements installed by Developer are constructed according to plans and specifications approved by City pursuant to Section 3.9.4 below.
As more particularly described in Chapter 6 of Volume 1 of the Infrastructure Financing Plan, Developer shall be entitled to Plan Area Fee credits and/or reimbursements from the Plan Area Fee Program for the actual costs incurred to design and/or construct eligible Public Improvements.
For purposes of calculating and applying Plan Area Fee credits and/or reimbursements, City shall maintain segregated Plan Area Fee Program accounts for each component.
As more particularly described in Chapter 6 of Volume 1 of the Infrastructure Financing Plan, City shall adopt and implement the Village 1 Plan Area Fee Program (“Plan Area Fee Program”) to finance the costs of excluded or underfunded public facilities and fairly spread the costs thereof to all developing parcels within the Specific Plan area.
The Plan Area Fee credit and reimbursement obligations will be calculated in the manner set forth in the Plan Area Fee Program.
However, if Developer files a small lot final map consisting of less than ten (10) acres, Developer shall be required to pay the Plan Area Fee for a minimum of ten (10) acres until such time as Developer has met its obligations under the Plan Area Fee Program.
City shall also maintain an accounting of the current balance of Plan Area Fee credits and/or reimbursements.
City hereby agrees and acknowledges that Developer’s payment of the PFE Fee regional park fee component and Plan Area Fee regional park land acquisition fee component shall fully satisfy Developer’s regional park obligations.
The amount of such Plan Area Fee credits and/or reimbursements shall be adjusted every year consistent with the Plan Area Fee Program.
Within sixty (60) days of receipt of written request by Developer, City shall provide Developer with a written accounting of Developer’s current balance of Plan Area Fee credits and/or reimbursements, including complete documentation showing the basis for such Plan Area Fee credits and/or reimbursements.