SDC Credits definition
Examples of SDC Credits in a sentence
If any of the wastewater collection infrastructure required under this Agreement and the ▇▇▇▇▇▇’s Ranch Master Plan are later included on any SDC Project List or CIP, Owner will be permitted to apply for SDC Credits under BC 12.10.130 for any such improvements, subject at all times to the requirements of BC Chapter 12.10 in effect at the time of application.
District, in its sole discretion, may also adjust the SDC Credits based upon evidence submitted by Developer of unanticipated change orders and expenses associated with the scope of work for the Improvements.
This Agreement, including all documents attached to this Agreement and all documents incorporated by reference herein, represents the entire Agreement between the parties with respect to Owner’s obligation to pay its share of SDC Credits for the Costa Circle Extension and Roundabout.
District Resolution and Order (R&O) 08-46, as amended by R&O ▇▇-▇▇, ▇▇▇▇▇▇ ▇▇▇▇▇▇▇▇ to make payments to a developer in the form of SDC Credits or Direct Payment for Master Plan improvements.
Payment for Allowed Project Costs as defined in Paragraph B.4 will be made in the form of SDC Credits per Paragraph B.5 when Developer: a) completes the Improvements i) according to the terms of the City Agreement as it may be amended by City and Developer and; ii) in substantial accordance with preliminary plans and specifications provided to District for the Development dated January 31, 2019, and Approved Sanitary Sewer Main SS-A dated January 9, 2019.
The SDC Credits are not transferable but the Developer may sell any lot on which a SDC credit is assigned and the credit may be used by the purchaser of that lot when applying for a sanitary sewer connection permit.
If any of the Non-SDC Projects are later included on any SDC Project List or CIP, Owners will be permitted to seek SDC Credits under BC 12.10.130 for any such improvements, subject at all times to the requirements of BC Chapter 12.10 then in effect.
If any of the Non-SDC Projects are later included on any SDC Project List or CIP, Owner will be permitted to seek SDC Credits under BDC 12.10.130 for any such improvements, subject at all times to the requirements of BDC Chapter 12.10 then in effect.
If any of the wastewater collection infrastructure required under this Agreement and the Petrosa Master Plan are later included on any SDC Project List or CIP, Owners will be permitted to apply for SDC Credits under BC 12.10.130 for any such improvements, subject at all times to the requirements of BC Chapter 12.10 in effect at the time of application.
Date: President/CEO The following annual administrative fees will be assessed to all Donor Advised Funds.