System Development Fee Sample Clauses
System Development Fee. Until and through December 31, 2029, Developer shall require its individual lot purchasers to pay fifty percent (50%) of the then-applicable wastewater system development fee to Salida upon closing, with the remaining fifty percent (50%) of the system development fee to Salida upon building permit approval. Said individual lot purchasers will have their wastewater system development fee locked in at the amount applicable at the time of lot closing, based upon the then-effective City of Salida Schedule of Fees, and that fee amount shall continue to be in effect as the applicable system development fee on the property until paid in full at building permit approval. However, this requirement does not arise until the individual lots are sold and does not arise if the Developer is selling the entire development. Subject to ▇▇▇▇▇▇’s approval as to proper documentation recorded with the Chaffee County Clerk and Recorder, if the Developer sells the entire development, this obligation will arise when the Developer’s successor sells the individual lots, but at no point shall this obligation be due later than the time of building permit application.
System Development Fee. Until and through December 31, 2029, Developer shall require its individual lot purchasers to pay fifty percent (50%) of the then-applicable wastewater system development fee to Salida upon closing, with the remaining fifty percent (50%) of the system development fee to be paid to Salida upon building permit approval. Said individual lot purchasers will have their wastewater system development fee locked in at the amount applicable at the time of lot closing, based upon the then-effective City of Salida Schedule of Fees, and that fee amount shall continue to be in effect as the applicable system development fee on the property until paid in full at building permit approval.