Fee Credits Clause Samples

Fee Credits. The Offsite Traffic Improvements to be constructed directly by Owner are oversized Public Improvements in that Owner is conditioned to construct such improvements that the Parties agree are identified in the DIF Study and for which the cost will exceed the fees due for such improvements from the Project as specifically provided in the Traffic Study and approved by the City. In consideration for Owner, at its own cost and expense or through a community facilities district, funding and, if requested by the City, constructing such oversized Offsite Traffic Improvements, Owner shall receive credits towards the payment of amounts otherwise due and payable by Owner as Development Fees (“Owner’s Fee Credit”) provided the oversized Offsite Traffic Improvements are specifically identified in the DIF Study. TUMF credits are subject to the approval of WRCOG and only WRCOG can grant fee credits to TUMF in its discretion and subject to its rules. The City has no liability or obligations to collect or administer TUMF fees at this time. Alternatively, at the election of the Owner, oversized Public Improvements may be recovered by Owner under the procedures in Section 2.8.3(b) applicable to Additional Capacity

Fee Credits. The Town shall have the authority to review and comment on all County stormwater fee credit applications requested upon parcels within the Town limits.

Fee Credits. Each Owner shall receive fee credits against its overall RTIF obligation equal to the total value of the construction of the RTIF public infrastructure funded by Owner and dedication of real property by the Owner. Owners will not receive fee credits for the costs of CIP Modification and Master Planning and Design Work. Those costs will be reimbursed pursuant to the terms described in paragraph h, below. Fee credits will be applied toward Owner’s RTIF obligations so long as Owner has available fee credits, except that such credits shall not be applied toward the portion of the RTIF that is attributable to administration costs (the “Administration Portion”). The Administration Portion of the RTIF shall be paid at the time of building permit issuance, and shall be accounted for by the City separately from the remainder of the RTIF. Upon application of any fee credit to units to be constructed by Owner, Owner’s Credit/Reimbursement Account will be reduced in the amount of the fee credit. Fee credits that are based on dedication of real property shall be available to be used by Owner only after the real property dedication is accepted by the City. Fee credits that are based on construction of public infrastructure shall be available to be used by Owner only after the public infrastructure has been accepted by the City and the City Engineer or designee has verified the costs incurred by Owner for such infrastructure. Notwithstanding the foregoing, Owners may request authorization to utilize fee credits for the construction of public infrastructure prior to acceptance of such public infrastructure by the City, provided that the City will only authorize the utilization of fee credits prior to completion one time for each public infrastructure project. The authorized fee credit shall be limited to 85% of the value of the public infrastructure as set forth in the CIP at the time of Property Owner’s request, excluding values in the CIP for soft costs and contingency. Any such request for fee credits prior to acceptance of the applicable partially completed public infrastructure shall be made in writing, and approved by the City in writing based on the sole discretion of the City Engineer. The City Engineer shall verify that the requested amount of fee credits is justified based on the amount of completed infrastructure, including testing of infrastructure. Each Owner that funds the design and construction for the CR 25A/SR 113 interchange shall receive fee credits at...

Fee Credits. The Dreyfus-affiliated funds for which the Transfer Agent acts as transfer agent, as a group, shall be entitled to the following fee credits: General Credit: $86,000/year One-twelfth of the annual credit amount shall be applied to each monthly invoice (beginning with the invoice covering October 2005), and shall be allocated to each Fund pro rata based on number of accounts as of the end of the monthly billing period. Subject to the terms and conditions set forth in the Agreement, the Transfer Agent shall perform the following services:

Fee Credits. All reimbursements due to Developer under this Agreement. The Town shall maintain an ongoing accounting of all credits and reimbursements eligible, due, collected, and paid under this Agreement.

Fee Credits. Park Impact Fees 1. Developer shall receive Park Impact Fee credits for the public parks and qualifying pocket parks (as described more particularly in Section 5.11.4 below), Developer constructs, as provided in this subsection. 2. The public park improvements eligible for fee credits are only those listed in Exhibit 13-1, unless additional park improvements are added by the City. The types of fee credits provided by City for public park, and qualifying pocket park, improvements constructed by Developer consist of the following: a. City’s Contemplated AB 1600 Park Impact Fees; and

Fee Credits. “Fee Credits” means credits against EUC PBDIFs, Village 11 PBDIFs, and Traffic Signal Fees that Developer has received or may receive in the future from the City for Eligible Costs Developer incurred in designing and/or construction the Subject Facilities.

Fee Credits. The Project shall be entitled to a credit against its Development Impact Fee obligations for the dedication of land and the construction of improvements or the payment of fees

Fee Credits. Each of the 1,863.92 ESDs and the Excess Fee Credits, which have an aggregate value of $20,919,994.00 which are a component of the Contributed Assets, and which are being transferred as hereinabove set forth (collectively, the “Fee Credits”) are owned by the Contributing Parties, free of claims or liens of any person, and the Fee Credits, except for the PIFs, are each fully paid for, are currently fully entitled, without the need for any additional payment, charge, fee or cost of any type or nature, and without the need for any further action by any person (including, without limitation, any governmental authority or water or sewer district), to be exchanged, for credit in lieu of paying cash to the various permitting authorities in connection with the T-9 Project, are in full force and effect and in good standing, and fully vested and not subject to divestiture. In order to receive the Park Credits, parks yet to be developed must be developed according to approved agreements with the City Parks Department.