Common use of Directed Impact Fees Clause in Contracts

Directed Impact Fees. Owner acknowledges and agrees that the City does not have sufficient funds on hand to design, grade and construct the Xxxx Xxxxxxxx Xxxxxx improvement commencing in 2020 and that funding for the total estimated cost said improvements includes an estimated $300,000 in anticipated arterial street impact fees to be generated by private development of the Owner’s property in addition to the approximately $275,000 in arterial street impact fees already collected from the Hub Hall Heights Community Unit Plan and the Hub Hall Heights Commercial Center Planned Unit Development. Owners agrees to complete the design, grading, and construction for the improvements to X. Xxxxxxxx Xxxxxx described herein at its cost subject to reimbursement according to the terms described below. Said contribution shall be made in advance of the City advertising for bids for the grading and/or construction of the improvements to X.

Directed Impact Fees. Owner acknowledges acknowlec^es and agrees that the City does not have sufficient funds on hand to design, grade and construct the Xxxx Xxxxxxxx Xxxxxx improvement commencing in 2020 and that funding for the total estimated cost said improvements includes an estimated $300,000 in anticipated arterial street impact fees to be generated by private development of the Owner’s property in addition to the approximately $275,000 in arterial street impact fees already collected from the Hub Hall Heights Community Unit Plan and the Hub Hall Heights Commercial Center Planned Unit Development. Owners agrees to complete the design, grading, and construction for the improvements to X. Xxxxxxxx Xxxxxx described herein at its cost subject to reimbursement according to the terms described below. Said contribution shall be made in advance of the City advertising for bids for the grading and/or construction of the improvements to X.

Directed Impact Fees. Owner acknowledges and agrees that the City does not have sufficient funds on hand to design, grade and construct the Xxxx Xxxxxxxx Xxxxxx improvement commencing in 2020 and that funding for the total estimated cost said improvements includes an estimated $300,000 in anticipated arterial street impact fees to be generated by private development of the Owner’s property in addition to the approximately $275,000 in arterial street impact fees already collected from the Hub Hall Heights Community Unit Plan and the Hub Hall Heights Commercial Center Planned Unit Development. Owners agrees to complete the design, grading, and construction for the improvements to X. Xxxxxxxx Xxxxxx described herein at its cost subject to reimbursement according to the terms described below. Said contribution shall be made in advance of the City advertising for bids for the grading and/or construction of the ofthe improvements to X.

Directed Impact Fees. Owner acknowledges and agrees that the City does not have sufficient funds on hand to design, grade and construct the Xxxx Xxxxxxxx Xxxxxx improvement commencing in 2020 and that funding for the total estimated cost said improvements includes an estimated $300,000 300,000550,000 in anticipated arterial street impact fees to be generated by private development of the Owner’s property in addition to the approximately $275,000 in arterial street impact fees already collected from the Hub Hall Heights Community Unit Plan and the Hub Hall Heights Commercial Center Planned Unit Development. Owners agrees to complete the design, grading, and construction for the improvements to X. Xxxxxxxx Xxxxxx described herein at its cost subject to reimbursement according to the terms described below. Said contribution shall be made in advance of the City advertising for bids for the grading and/or construction of the improvements to X.