Common use of Development Impact Fees Clause in Contracts

Development Impact Fees. Developer shall pay to City all applicable “Development Impact Fees” which are in effect as of the Effective Date. A complete list of these applicable Development Impact Fees is attached as Exhibit B. Further, in the event Developer applies for multiple grading or building permits covering portions or phases of the Project, Developer shall only pay those Development Impact Fees applicable to the portion or phase of the Project covered by the issued permit.

Appears in 2 contracts

Sources: Development Agreement, Development Agreement