Affordable Housing Fee Credits for Land Dedication Sample Clauses

Affordable Housing Fee Credits for Land Dedication. Pursuant to Municipal Code Section 18.155.080(c), and in accordance with Section 5.4A above, Developer shall receive a credit against Affordable Housing Fees for the market-rate for-sale component of the Project for dedication and conveyance of the Affordable Housing Parcel (as defined in Section 6.4A) to the Affordable Housing Developer (or to City as provided in Section 6.4A(5) below) in fee. The Parties agree that the amount of the Affordable Housing Fees credit that Developer shall receive for dedication and conveyance of the Affordable Housing Parcel in rough graded condition with buildings demolished shall be Six Million Five Hundred Thousand Dollars ($6,500,000.00).
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