Development Impact Fee Offset Sample Clauses

Development Impact Fee Offset. City agrees Owner’s Sewer Line Fee may be considered offsets to development impact fees for those sewer and wastewater elements that are eligible for reimbursement, credit or offset as and if allowed pursuant to the City’s development impact fee ordinance. Such offsets may be credited against such impact fees at the time permits are issued for construction within the Project or, upon Owner’s request, such impact fees shall be collected by the City from the permit applicant and subsequently paid to Owner in reimbursement (it being acknowledged that if the Owner is the permit applicant, the Owner may elect to either offset the reimbursable amount of the impact fee or pay the impact fee without offset and thereafter be reimbursed separately, but Owner shall not be entitled to both such offset and such separate reimbursement.) In no case shall Owner be entitled to Impact Fee credit or offset for amounts secured pursuant to Section 3.3(a) but not released to City. Such amounts may only be subject to reimbursement after payment to City of the balances due under the Sewer Line Fee and then only as and if allowed pursuant to the City’s development impact fee ordinance.