Common use of Impact Fee Clause in Contracts

Impact Fee. It is understood that there is currently on record with the City of Palm Bay projected water and sewer uses with regard to the demised premises. Lessor has previously paid to the City of Palm Bay an impact fee based upon such projected usage. Lessor has been advised by the City of Palm Bay that Lessee's proposed use will not require the additional payment of impact fees. However, should the actual usage of water and sewer by Lessee hereunder increase over and above the projected usage, and should the City of Palm Bay assess an additional impact fee against the Lessor as a result of such increased usage, Lessee shall be and become responsible for any increased impact fee. Such increase shall be due and payable as additional rent hereunder and shall be paid by Lessee to Lessor within twenty (20) days after submission of invoice for said amount.

Appears in 2 contracts

Sources: Lease Agreement (Diagnostic Retrieval Systems Inc), Lease Agreement (Diagnostic Retrieval Systems Inc)

Impact Fee. It is understood that there is currently on record with the City of Palm Bay projected water and sewer uses with regard to the demised premises. Lessor ▇▇▇▇▇▇ has previously paid to the City of Palm Bay an impact fee based upon such projected usage. Lessor has been advised by the City of Palm Bay that Lessee's proposed use will wi11 not require the additional payment of impact fees. However, should the actual usage of water and sewer by Lessee hereunder increase over and above the projected usage, and should the City of Palm Bay assess an additional impact fee against the Lessor as a result of such increased usage, Lessee shall be and become responsible for any increased impact fee. Such increase shall be due and payable as additional additiona1 rent hereunder and shall be paid by Lessee to Lessor within twenty (20) days after submission of invoice for said amount.

Appears in 1 contract

Sources: Lease Agreement (Diagnostic Retrieval Systems Inc)