DIF Clause Samples

DIF. Developer shall be required to pay the City’s Development Impact Fees (“DIF”) as set forth in Ordinance No. 19-1931 equal to a minimum of $2,338,605; provided, however, the City recognizes and acknowledges the infrastructure improvements required under the FEIR by Developer for the Project, which Developer is entitled to a credit for (based on the actual costs of such infrastructure). Therefore, subject to the construction or in lieu payment of construction cost of such infrastructure improvements and Developer’s compliance with the mitigation measures and requirements under the FEIR, Developer shall be entitled to a credit to the DIF payments in the maximum amount of $1,451,527. Therefore, the total amount of DIF due prior to issuance of building permits is $887,078.