Sewer Capacity Charges definition

Sewer Capacity Charges means all capital expansion fees, system improvement fees or other similar fees and charges, including, without limitation, impact fees, separately imposed by the City as a nonuser capacity charge for the proportionate share of the cost of expanding, oversizing, separating or constructing new additions to the Sewer System, and any income from the investment of funds deposited into the Sewer Capacity Charge Fund pursuant to the Bond Resolution. Sewer Capacity Charges do not include payments received by the City as reimbursement for the cost of connecting a new customer with the nearest lateral service lines of the Sewer System.
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Examples of Sewer Capacity Charges in a sentence

  • If and to the extent that the Development Project’s actual Sewer Capacity Charges obligation exceeds the amount of the Sewer Capacity Charges Bond Proceeds, the balance of the Development Project’s Sewer Capacity Charges obligation shall be payable pursuant to the provisions of the Chula Vista Municipal Code.

  • The Sewer Capacity Charges obligation amount shall be established as the then Sewer Capacity Charge fee at the time of payment.

  • If and to the extent that the Development Project’s actual Sewer Capacity Charges obligation is less than the Sewer Capacity Charges Bond Proceeds, such surplus shall remain in the Acquisition Account of the Project Fund and used for any lawful pursuant to the Indenture.

  • Proceeds of the Bonds in an amount equal to the Development Project’s Sewer Capacity Charges obligation (the “Sewer Capacity Charges Bond Proceeds”) shall be deposited and set aside in the Acquisition Account of the Project Fund.

  • The use of such proceeds shall be for any lawful purpose of the Sewer Capacity Charges.

  • Sewer Capacity Charges Bond Proceeds may be drawn by the City at any time.

  • Upon the deposit of the Sewer Capacity Charges Bond Proceeds in such account, such amount shall be credited against the Development Project’s Sewer Capacity Charges obligation.