Common use of Mitigation Options Clause in Contracts

Mitigation Options. Mitigation may be allowed for those developments that cannot meet the adopted LOS standards. Mitigation options shall include options listed below for which the School Board assumes operational responsibility through incorporation in the School District’s 5-Year District Facilities Work Program and which will maintain adopted LOS standards. (a) The payment of a proportionate share amount to the School Board as calculated by the formula prescribed in 8.7.2 or the equivalent donation, construction, or funding of school facilities or sites in accordance with costs determined by the School Board; (b) The creation of mitigation banking within designated areas based on the construction of a public school facility in exchange for the right to sell capacity credits; and, (c) The establishment of a charter school with facilities constructed in accordance with the State Requirements for Educational Facilities (SREF).

Mitigation Options. Mitigation may be allowed for those developments that cannot meet the adopted LOS standardssStandards. Mitigation options shall include options listed below for which the School Board assumes operational responsibility through incorporation in the School District’s 5-Year District Facilities Work Program and which will maintain adopted LOS standards. (a) The payment of a proportionate share amount to the School Board as calculated by the formula prescribed in 8.7.2 or the equivalent donation, construction, or funding of school facilities or sites sufficient to offset the demand for public school facilities created by the proposed development in accordance with costs determined by the School Board; (b) The creation of mitigation banking within designated areas based on the construction of a public school facility in exchange for the right to sell capacity credits; and, (c) The establishment of a charter school with facilities constructed in accordance with the State Requirements for Educational Facilities (SREF).