Mitigation fee definition
Examples of Mitigation fee in a sentence
Final units that do not meet the inspection thresholds as defined in the above paragraph will be required to pay the balance up to 100 percent of the Housing In-lieu fee/Housing Mitigation fee prior to the issuance of a certificate of occupancy.
Extension Term (Years 16-30) $1,562,929 Mitigation fee paid annually.
This project is required to pay the Housing In-Lieu fee/Housing Mitigation fee for any remaining fraction of a Below Market Rate unit commitment which is due at the completion of the entire project.
Initial Term (Years 1-15) $1,155,841 Mitigation fee paid annually.
If the final building permits are commenced (per council policy CP 07-04) on or prior to September 30, 2010, April 30, 2012** and the unit passes a foundation inspection within 90 days of permit issuance and passes a shear and roof sheeting inspection within 90 days of the foundation inspection the project is eligible for a 50 percent reduction of the Housing In-lieu fee/Housing Mitigation fee.