Transportation Impact Fees. The DEVELOPER shall pay impact fees and be entitled to impact fee credits or reimbursements in accordance with the County’s Transportation Impact Fee Ordinance as amended (the "Impact Fee Ordinance") the S.R. 56 Roadway Agreement and this Restated D.A. (2011).
Transportation Impact Fees. The DEVELOPER and Project shall be assessed TIF in accordance with the COUNTY'S adopted TIF Ordinance as amended and this DA. The COUNTY agrees to budget impact fees paid within the Project in an impact fee account attributable to the pipeline projects for reimbursement or TIF credit to the DEVELOPER or to another entity or entities; e.g., the CDD, to the extent that such entity finances or otherwise pays for or contributes to the pipeline project(s) as determined by the COUNTY (hereinafter referred to as the Credit Receiving Entity). Once the DEVELOPER has posted the performance guarantees and commenced construction for the pipeline projects referenced in this DA, the COUNTY agrees to reimburse or provide impact fee credits to the Credit Receiving Entity for those expenditures on the pipeline projects approved by the COUNTY to be impact fee creditable in accordance with this DA and the TIF Ordinance. The DEVELOPER and Credit Receiving Entity shall not be entitled to any interest on the account. TIFs paid for or by the Project shall be held for the pipeline projects beyond seven (7) years after payment and can thereafter be spent anywhere as desired by the COUNTY in accordance with the TIF Ordinance. In addition, the time limits on the encumbrance and expenditure of these funds, as provided in the TIF Ordinance, shall be waived by the DEVELOPER and by its successors and assigns. The DEVELOPER and Project shall pay TIFs in accordance with the TIF Ordinance whenever it does not have COUNTY-approved impact fee credits or offsets sufficient to cover impact fees that are due. The foregoing paragraph shall also apply to Pipeline Project No. 4 if Pipeline Project No. 4 when it is determined to be impact fee creditable pursuant to the TIF Ordinance.
Transportation Impact Fees. The DEVELOPER and Project shall be assessed transportation impact fees in accordance with the COUNTY'S adopted TIF Ordinance as amended and this DA. The COUNTY agrees to budget impact fees paid within the Project in an impact fee account attributable to the S.R. 54 Pipeline Project for reimbursement or impact fee credit to the DEVELOPER or to another entity or entities; e.g., the CDD, to the extent that such entity finances or otherwise pays for or contributes to the
Transportation Impact Fees. The DEVELOPER and Project shall be assessed TIFs in accordance with the COUNTY'S adopted TIF Ordinance as amended and this DA.
Transportation Impact Fees. On or before Closing, Seller shall obtain from the City written confirmation that Buyer’s proposed project on the Property is either: (a) vested at the Transportation Impact Fee rates in effect as of the date of this letter or (b) vested with rights so that no Transportation Impact Fees are due. If Seller confirms or assigns to Buyer rights under option (b) above the Buyer shall pay to Seller at the time the Purchase Money Note is due a sum equal to the impact fees that would otherwise have been due on Buyer’s project as of the date of this letter.
Transportation Impact Fees. Total Transportation Impact Fees for Project computed by crediting square footage of demolished EOB. • Total Transportation Impact Fees attributable to residential component of Project to be credited by an amount equal to right of way improvements installed by Buyer within the Project area as benefiting traffic within the City. • The Parties will attempt to identify Growth Management Act qualifying transportation improvement projects close to the Project area. To the extent identified, Transportation Impact Fees received by the City from the Project may be earmarked for such qualifying projects.
Transportation Impact Fees. The DEVELOPER and Project shall be assessed TIFs in accordance with the COUNTY's adopted TIF Ordinance as amended and this DA. The COUNTY agrees to budget transportation impact fees paid within the Project in an impact fee account attributable to the pipeline projects (hereinafter "Seven Oaks, PH II, TIF Developer Credit Account") for reimbursement to the DEVELOPER or to another entity or entities; e.g., the CDD, to the extent that such entity finances or otherwise pays for or contributes to the pipeline project(s) as determined by the COUNTY (hereinafter referred to as the Reimbursement Receiving Entity). Once the DEVELOPER and/or contractor has posted the performance guarantees and commenced construction for the pipeline project referenced in this DA, the COUNTY agrees to reimburse the Reimbursement Receiving Entity for those expenditures on the pipeline project approved by the COUNTY to be impact fee creditable in accordance with this DA and the TIF Ordinance. The DEVELOPER and Reimbursement Receiving Entity shall not be entitled to any interest on the account. The DEVELOPER and Project shall pay TIFs in accordance with the TIF Ordinance. On or after December 1, 2010, it is anticipated that, to the maximum extent possible, impact fee credit letters will be submitted to the COUNTY whenever the DEVELOPER has COUNTY-approved impact fee credits to cover impact fees that are due.
Transportation Impact Fees a) The “Coordinated Impact Fee Program” adopted in 1997 and subsequently amended guides administration of the Coordinated Impact Fee Program. The City and County agree to the following principles. Amendments to the CIFP and Transition Services Agreements shall be consistent with these principles:
Transportation Impact Fees. The City procedure for calculating net new project demand for mobility units for purposes of transportation concurrency and impact fees shall be modified for development within the Master Plan Area to account for demolition of Existing Structures. Upon demolition of an Existing Structure, credit for reduction of existing demand for mobility units attributable to such Existing Structure shall automatically accrue to the owner of the Existing Structure. The credit may be used in whole or part by such owner to reduce the demand for mobility units attributable to such owner’s development within the Master Plan Area, or may be assigned to another owner or developer of property within the Master Plan Area. Credits may only be used in the calculation of net new mobility unit demand for development within the Master Plan Area and may not be used in connection with any development located outside of the Master Plan Area. Consistent with the Redmond Municipal Code (RMC) 3.10.120, at the time of building permit issuance, the Owner may choose to use the City’s standard traffic impact fee rates outlined in the schedules in RMC 3.10.100 for the year of the building permit issuance, or have an independent study conducted to develop unique transportation impact fee rates. All independent fee calculation studies shall meet the standards outlined in RMC 3.10.120 and shall be submitted to the City for review and approval.
Transportation Impact Fees. The City and the County hereby acknowledge the County Payment shall be deemed to satisfy all Osceola County transportation impacts created by the Development, and TDCP shall not be responsible for the payment of any transportation impact fees therefor.
