Common use of PARK SERVICES Clause in Contracts

PARK SERVICES. The Park Services CFD shall provide the funding required for new and/or enhanced services to be provided by the Park District to the Property and within the Plan Area which would not have been necessary but for the approval of the Entitlements (collectively, the “Park Services”). The funds shall be utilized for some or all of the following purposes: 1) Maintenance of parks and park improvements; 2) Maintenance of landscaping, excluding median landscaping within road rights of way, sound walls, and landscaping adjacent to non- residential uses and multifamily development. The Finance Plan does not currently include an allocation of funding to maintain any sound walls or landscaping adjacent to non-residential or multi-family development, but the County may elect to include such funding at the time of formation of the Park Services CFD. If such election is made, it will not require an amendment to this Agreement.; 3) Park District administration and recreation program services, including operation and maintenance of recreation activities and facilities; 4) Maintenance of open space within the Specific Plan, 5) Maintenance of habitat mitigation lands within such open space and performance of habitat monitoring and maintenance consistent with the Open Space Management Plan adopted in connection with or related to the approval of the Fill Permit. The County may require that the Fill Permit and Open Space Management Plan be approved prior to or at the time of formation of the Parks Services CFD to facilitate the estimation of the maintenance costs that will be allocable to the Park Agency under the Open Space Management Plan to be included within such financing. 6) Maintenance of the open channel Drainage Areas within such open space areas; 7) Maintenance of public trails; and 8) Any other service related to the provision and maintenance of parks, open space and trails provided by the Park District to the Plan Area that may be allowed by law to be funded through the Park Services CFD consistent with the Finance Plan. At the time of formation of the Park Services CFD, the maximum special tax to be authorized to fund the foregoing services shall be based initially on the then estimated costs to provide the services described in items 1, 2, and 4 through 8 above (including, as identified and approved by the Park Agency, the costs to comply with the Open Space Management Plan requirements allocated to the Park Agency as part of the approved Fill Permit), and the costs to provide the administration and recreation services described in item 3 above shall be based on the costs set forth in the Finance Plan for this item, The costs to provide the services described in items 4, 5 and 6 above and the cost to maintain trails within the open space areas shall be referred to collectively as the “Open Space Management Costs.” The methodology for allocating the share of these costs across the different land uses within the Specific Plan and for establishing the corresponding maximum special taxes applicable to each land use shall be as provided in the Finance Plan. . Until such time as the community parks and facilities identified in the items above are completed and operational, funds derived from the Park Services CFD for maintenance and operation shall be eligible for use in the funding of development of park and recreation facilities to be constructed by the Park Agency, which funding authorization shall be included in the formation documents of the Park Services CFD. Developer acknowledges that the Placer County General Plan requires that new development must pay the cost of providing public services that are needed to serve new development. Although the exact amount of funding to provide the Park Services is not certain at this time, particularly with respect to the Open Space Maintenance Costs, which may change as a result of approval of the Fill Permit and Open Space Management Plan, Developer acknowledges that the Finance Plan estimates special taxes to fund such Park Services at the rates applicable by land use set forth in Exhibit 3.20.2, attached hereto. In association with the formation of the Park Services CFD, Developer agrees to a special tax by land use that is sufficient to provide funding for the Park Services as ultimately required by County based upon the necessary levels of Park Services for the Project and any update to the Finance Plan required by the County in connection with such CFD formation.

PARK SERVICES. The Park Services CFD shall provide the funding required for new and/or enhanced services to be provided by the Park District to the Property and within the Plan Area which would not have been necessary but for the approval of the Entitlements (collectively, the “Park Services”). The funds shall be utilized for some or all of the following purposes: 1) Maintenance of parks and park improvements; 2) Maintenance of landscaping, excluding median landscaping within road rights of way, sound walls, and landscaping adjacent to non- residential uses and multifamily development. The Finance Plan does not currently include an allocation of funding to maintain any sound walls or landscaping adjacent to non-residential or multi-family development, but the County may elect to include such funding at the time of formation of the Park Services CFD. If such election is made, it will not require an amendment to this Agreement.; 3) Park District administration and recreation program services, including operation and maintenance of recreation activities and facilities; 4) Maintenance of open space within the Specific Plan, 5) Maintenance of habitat mitigation lands within such open space and performance of habitat monitoring and maintenance consistent with the Open Space Management Plan adopted in connection with or related to the approval of the Fill Permit. The County may require that the Fill Permit and Open Space Management Plan be approved prior to or at the time of formation of the Parks Services CFD to facilitate the estimation of the maintenance costs that will be allocable to the Park Agency under the Open Space Management Plan to be included within such financing. 6) Maintenance of the open channel Drainage Areas within such open space areas; 7) Maintenance of public trails; and 8) Any other service related to the provision and maintenance of parks, open space and trails provided by the Park District to the Plan Area that may be allowed by law to be funded through the Park Services CFD consistent with the Finance Plan. At the time of formation of the Park Services CFD, the maximum special tax to be authorized to fund the foregoing services shall be based initially on the then estimated costs to provide the services described in items 1, 2, and 4 through 8 above (including, as identified and approved by the Park Agency, the costs to comply with the Open Space Management Plan requirements allocated to the Park Agency as part of the approved Fill Permit), and the costs to provide the administration and recreation services described in item 3 above shall be based on the costs set forth in the Finance Plan for this item, The costs to provide the services described in items 4, 5 and 6 above and the cost to maintain trails within the open space areas shall be referred to collectively as the “Open Space Management Costs.” The methodology for allocating the share of these costs across the different land uses within the Specific Plan and for establishing the corresponding maximum special taxes applicable to each land use shall be as provided in the Finance Plan. . Until such time as the community parks and facilities identified in the items above are completed and operational, funds derived from the Park Services CFD for maintenance and operation shall be eligible for use in the funding of development of park and recreation facilities to be constructed by the Park Agency, which funding authorization shall be included in the formation documents of the Park Services CFD. Developer acknowledges that the Placer County General Plan requires that new development must pay the cost of providing public services that are needed to serve new development. Although the exact amount of funding to provide the Park Services is not certain at this time, particularly with respect to the Open Space Maintenance Costs, which may change as a result of approval of the Fill Permit and Open Space Management Plan, Developer acknowledges that the Finance Plan estimates special taxes to fund such Park Services at the rates applicable by land use set forth in Exhibit 3.20.2, attached hereto. In association with the formation of the Park Services CFD, Developer ▇▇▇▇▇▇▇▇▇ agrees to a special tax by land use that is sufficient to provide funding for the Park Services as ultimately required by County based upon the necessary levels of Park Services for the Project and any update to the Finance Plan required by the County in connection with such CFD formation.