Fees For Other Services and Facilities. (A) Landowners agree to pay a bundled fee in the amount of Seven Thousand Seven Hundred Seventy-one Dollars ($7,771) per EDU ("Bundled Fee") to District for all development on the Property to account for their reduced Security Impact Fee, as shown in Exhibit M. The Bundled Fee shall be paid in full at the time of issuance of a building permit for residential units, and shall be paid in full at the time of issuance of a certificate of occupancy for commercial buildings. The Bundled Fee shall be adjusted annually in proportion to the annual increase in the Consumer Price Index for All Urban Consumers, U.S. City Average, All Items and Major Group Figures, published by the United States Department of Labor, Bureau of Labor Statistics, or similar index used by the District, in its reasonable discretion. The Bundled Fee includes a Water Augmentation Fee in the amount of Four Thousand Five Hundred Seventy-one Dollars ($4,571) (“Water Augmentation Fee”). Landowners shall be entitled to a fee credit in the amount of Two Thousand Dollars ($2,000) per EDU against the Water Augmentation Fee when such Landowner installs the in-tract reclaimed water system for the Property. In addition, should the District reduce the amount of the Water Augmentation Fee after the execution of this Agreement, Landowners shall be entitled to pay the reduced Water Augmentation Fee after the effective date of such reduction. Landowners shall not be entitled to reimbursement for the amount of any fees paid prior to the effective date of any reduction in the Water Augmentation Fee.
