Common use of Development Fees Clause in Contracts

Development Fees. The Owner acknowledges and agrees that the City has enacted and may in the future increase the amount of citywide impact fees or similar exactions. The Owner acknowledges that the Subject Property shall be subject to all fees and credits in effect at the time of permitting; however, the rights of Owner to receive impact fee credits shall be as provided in the DRI/DO.

Development Fees. The Owner acknowledges and agrees that the City has enacted and may in the future future, increase the amount of citywide impact fees or similar exactionsfees. The Except as provided for herein, the Owner acknowledges that the Subject Property shall be subject to all fees and credits in effect at the time of permitting; however, the rights of Owner to receive impact fee credits shall be as provided in the DRI/DO.

Development Fees. The Owner acknowledges and agrees that the City has enacted and may in the future increase the amount of citywide impact fees or similar exactions. The Owner acknowledges that the Subject Property shall be subject to all fees and credits in effect at the time of permitting; however, the rights of Owner to receive impact fee credits shall be as provided in the DRI/DO.