Fee Credit definition

Fee Credit has the meaning ascribed to the term in Clause 2.5 hereunder.

Fee Credit means credit that Developers may receive for costs they incur designing and constructing the Public Facilities in accordance with CVMC 3.54.150.

Fee Credit means a cash credit towards the remaining Fees payable hereunder. If any Party is entitled to a Fee Credit under this Agreement with respect to any Contract Year, the Fee Credit shall be applied to the Fee for the Contract Year immediately following the Contract Year in which the Party becomes entitled to the Fee Credit. In the event a Party is entitled to a Fee Credit for Contract Year 19 (the final Contract Year of the Term), the Fee Credit shall be applied as a cash refund due to the entitled Party by January 1 of the immediately following year.

Examples of Fee Credit in a sentence

• The Bureau of Watershed Protection and Restoration (BWPR) established the Watershed Protection and Restoration Fee (WPRF) Stormwater Remediation Fee Credit Agreement to provide credit to property owners that have installed small-scale (i.e., under 5,000 square feet of land disturbance) stormwater BMP’s on their property.

• The WPRF Stormwater Remediation Fee Credit Agreement is an agreement by and between the property owner and the County where currently there is no Inspection and Maintenance Agreement for private stormwater management and a County grading permit was not required for the installation of the practice(s), and the property owner would like to apply for credit for the stormwater practice(s) through the WPRF Credit Program.

• Those inspections will be in accordance with the WPRF Stormwater Remediation Fee Credit Agreement and will occur at a minimum of once every three years.

• The new owner will be contacted by the County and will be given a chance to enter into a new WPRF Stormwater Remediation Fee Credit Agreement in order to continue the application of the credit.

• Transfer In the event that the Owner transfers the Property to a new owner(s), the WPRF Stormwater Remediation Fee Credit Agreement that the Owner had with the County shall automatically terminate and no longer be effective as this type of agreement does not transfer.

• If the credit is revoked for this reason, it does not prevent the new owner from re-applying for a Fee Credit on the property in the future.

More Definitions of Fee Credit

Fee Credit means a credit to be applied to certain fees due to the City of Fairfield in connection with a development project prior to the issuance of a building permit, as more fully described in Section 5.3.5.10.

Fee Credit means an amount equal to $300,000.