Contribution to Open Space, Recreation and Parks Sample Clauses

Contribution to Open Space, Recreation and Parks. In order to alleviate any effect of the occupancy and use of the Project upon public parks and recreational areas within the City, Owner agrees to construct within the Property, and as part of the Project, significant open space and recreational amenities (including pool/spa areas, fitness center and club room, courtyards, bar-b-que areas, tot lot, and public realm), as more particularly described and depicted in the Plan Documents and Fairfield Specific Plan, and incorporated herein, and to contribute up to $2,503,000 to the City for the acquisition, improvement, and/or maintenance of public open space and park facilities (“Park Contribution”). Such contribution amount is based on the City approved 1.75 persons per household factor and on-site recreational amenity credit, as detailed in Exhibit E attached hereto. Completion of the on-site Recreational Amenities and payment of the fee listed above, shall constitute Owner’s sole and complete obligation to the City for the Project with respect to alleviating any effect of the occupancy and use of the Project upon public parks and recreational areas within the City. The full payment of the fee shall be made at the time the first building permit is issued for the project. The parties acknowledge that Owner’s payment of the Park Contribution and the construction of the Recreational Areas provide significant public benefits to the City and its residents with respect to the use and availability of parks and recreational areas, and is a material inducement to the City in entering into this Agreement. Should the project or any portion of the project be converted from apartment to home ownership the Owner shall be subject to payment of full park fees as required by the La Habra Municipal Code Section 15.48.062, except that credit shall be given to the owner for the park fees paid by the Owner or the developer of the Project against the amount due to the City as required by Section 15.48.062.
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