Common use of Future Development Approvals Clause in Contracts

Future Development Approvals. The Participating Local Government agrees that future development approvals for the Development of Record shall not be denied on the basis of the policy level of service being exceeded on the Offered Improvements. In witness whereof, the parties have executed this Offset Agreement on the day of January, 2020. By: ▇▇▇ ▇▇▇▇▇, Chairman ▇▇▇▇ ▇▇▇▇▇▇▇▇, RTC Chief Counsel STATE OF NEVADA COUNTY OF WASHOE The above-instrument was acknowledged before me this day of , 20 , by ▇▇▇ ▇▇▇▇▇, Chairman of the Regional Transportation Commission. Notary Public By: By: ▇▇▇▇▇▇ ▇ ▇▇▇▇▇, Mayor ▇▇▇▇▇▇ ▇▇▇▇▇▇, Chief Assistant City Attorney STATE OF NEVADA ) ) ss COUNTY OF WASHOE ) The above-instrument was acknowledged before me this day of , 2020 by ▇▇▇▇▇▇ ▇. ▇▇▇▇▇, Mayor of the City of Sparks, Nevada. Attest by City/County Clerk: ▇▇▇▇ ▇▇▇▇▇▇▇▇▇, City Clerk By: __ Name: Its: STATE OF COUNTY OF The above-instrument was acknowledged before me this day of , 20 by Notary Public ▇▇▇▇▇ ▇▇▇▇▇ ▇▇▇▇▇ ▇▇▇▇▇▇▇▇ ▇▇▇▇ Impact Fee Offsets‌‌‌‌ Section X of the Regional Road Impact GAM- 6th Edition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

Future Development Approvals. The Participating Local Government agrees that future development approvals for the Development of Record shall not be denied on the basis of the policy level of service being exceeded on the Offered Improvements. In witness whereof, the parties have executed this Offset Agreement on the day of January, 2020. By: ▇▇▇ ▇▇▇▇▇, Chairman ▇▇▇▇ ▇▇▇▇▇▇▇▇, RTC Chief Counsel STATE OF NEVADA COUNTY OF WASHOE The above-instrument was acknowledged before me this day of , 20 , by ▇▇▇ ▇▇▇▇▇, Chairman of the Regional Transportation Commission. Notary Public By: By: ▇▇▇▇▇▇ ▇ ▇▇▇▇▇, Mayor ▇▇▇▇▇▇ ▇▇▇▇▇▇, Chief Assistant City Attorney STATE OF NEVADA ) ) ss COUNTY OF WASHOE ) The above-instrument was acknowledged before me this day of , 2020 by ▇▇▇▇▇▇ ▇. ▇▇▇▇▇, Mayor of the City of Sparks, Nevada. Attest by City/County Clerk: ▇▇▇▇ ▇▇▇▇▇▇▇▇▇, City Clerk By: __ Name: Its: STATE OF COUNTY OF The above-instrument was acknowledged before me this day of , 20 by Notary Public ▇▇▇▇▇ ▇▇▇▇▇ ▇▇▇▇▇ ▇Pioneer ▇▇▇▇▇▇▇ ▇▇▇▇ Impact Fee Offsets‌‌‌‌ Section X of the Master Planned Community Regional Road Impact GAM- 6th Edition Fee Offsets‌ Page 5 of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