Common use of Lot 1 Clause in Contracts

Lot 1. In the event that the CITY determines that a connection to the CITY’s Water Distribution System is reasonably available to Lot 1 or any lot(s) created by any future replat(s) of Lot 1, Capital Facilities Charges shall be collected by CITY prior to construction of a water line to connect Lot 1 or any lot resulting from a future replat of Lot 1 to the CITY’s Water Distribution System. Capital Facilities Charges shall be invoiced by CITY at the rate established in the Master Fee Schedule that is in effect at the time that the requisite water connection agreement is executed. DEVELOPER shall remit such Capital Facilities Charges to CITY within ninety (90) days of the date of the invoice. CITY shall be authorized to withhold connect to CITY’s Water Distribution System until such time that DEVELOPER has remitted the invoiced Capital Facilities Charge to CITY. In the event that CITY approves the necessary applications to replat and rezone, as applicable, Lot 1 into developable lots and CITY determines that connection to the CITY’s Water Distribution is reasonably available, CITY shall be entitled to collect Capital Facilities Charges pursuant to a future amendment to this Agreement as contemplated in Section 6(C).

Lot 1. In the event that the CITY determines that a connection to the CITY’s Water Distribution System is reasonably available to Lot 1 or any lot(s) created by any future replat(s) of Lot 1▇▇▇ ▇, Capital Facilities Charges ▇▇▇▇▇▇▇ ▇▇▇▇▇▇▇▇▇▇ ▇▇▇▇▇▇▇ shall be collected by CITY prior to construction of a water line to connect Lot 1 or any lot resulting from a future replat of Lot 1 to the CITY’s Water Distribution System. Capital Facilities Charges shall be invoiced by CITY at the rate established in the Master Fee Schedule that is in effect at the time that the requisite water connection agreement is executed. DEVELOPER shall remit such Capital Facilities Charges to CITY within ninety (90) days of the date of the invoice. CITY shall be authorized to withhold connect to CITY’s Water Distribution System until such time that DEVELOPER has remitted the invoiced Capital Facilities Charge to CITY. In the event that CITY approves the necessary applications to replat and rezone, as applicable, Lot 1 into developable lots and CITY determines that connection to the CITY’s Water Distribution is reasonably available, CITY shall be entitled to collect Capital Facilities Charges pursuant to a future amendment to this Agreement as contemplated in Section 6(C).