Impact Fees definition

Impact Fees means cash contributions, contributions of land or interests in land or any other items of value that are imposed on a developer by a municipality under this section.

Impact Fees means those fees imposed so that developments bear a proportionate share of the cost of public facilities and service improvements that are reasonably related to the impacts and burdens of the Project, adopted pursuant to Morgan Hill Municipal Code Chapter 3.56 and California Government Code Section 66001 et seq.

Impact Fees. (regardless of when due or whether they are paid as a lump sum or in installments over time) which are required as a condition to the issuance of site plan approval, zoning variances or building permits, which impact fees shall be treated as capital costs of construction and not as Deductions.

Examples of Impact Fees in a sentence

• As also provided in the Financing Plan, the City’s grant of credits against Development Impact Fees (as defined in the Development Agreement) as a result of Owner’s construction of any Improvement shall not prevent the financing of all or any portion of the Purchase Price of such Improvement with the proceeds of the Bonds and Surplus Special Taxes of the Improvement Areas.

• City Staff will be requesting from Sarasota County to use the remaining ($259,708) of the Sarasota County Park Impact Fees for Fiscal Year 2022 for the development of the park in the Xxxxxxxx District.

• Water Impact Fees and Wastewater Impact Fees as set forth by City ordinances will be assessed at the time of final plat recording and shall be paid by the builder, property owner, or developer at the time of Building Permit issuance for each individual lot within Bastrop Grove Section 5 and shall be based on the Water and Wastewater Impact Fee for Service as set forth in the City of Bastrop Impact Fee Ordinance 2022-18 that is in effect as of this agreement.

• During the preparation of the Fiscal Year 2020-21 budget, Parks and Recreation Director Xxxxx Xxxxx requested $942,000 from Sarasota County in Parks Impact Fees to fund the acquisition.

• In the Sarasota County Board of County Commissioners adopted Fiscal Year 2020-21 budget, the use of Park Impact Fees to fund the new park within the Xxxxxxxx District is included.

More Definitions of Impact Fees

Impact Fees shall have the meaning ascribed to it in Section 4.07.A.

Impact Fees means and refers to all fees, charges, dedications, obligations, or exactions of any kind whatsoever that may be imposed by the City under existing City Ordinances, existing or future state statues, or as a matter of legal or equitable right arising, directly or indirectly from any Development of the Property.

Impact Fees which are required of Owner as a condition to the issuance of site plan approval, zoning variances or building permits; and (4) "Tax-increment financing" or similar financing whereby the municipality or other taxing authority has assisted in financing the construction of the Hotel by temporarily reducing or abating normal Impositions in return for substantially higher levels of Impositions at later dates.

Impact Fees which are required of TRS as a condition to the issuance of site plan approval, zoning variances, or building permits; and (4) “Tax-increment financing” or similar financing whereby the municipality or other taxing authority has assisted in financing the construction of the Hotel by temporarily reducing or abating normal Impositions in return for substantially higher levels of Impositions at later dates.

Impact Fees means those fees, assessments, or payments of money which may be imposed by the City, or any local or special service district as specified in the Utah Impact Fees Act, Utah Code Xxx. §§ 11-36a-101, et seq., (2021).

Impact Fees means a monetary exaction other than a tax or special assessment that is charged by the City to the Developer in connection with approval of the Project, for the purpose of defraying all or a portion of the cost of the public facilities related to the Project, and as set forth in California Government Code §§66000 et seq. Impact Fees do not include (i) Processing Fees, (ii) Public Benefit Fees, or (iii) other City-wide fees or charges of general applicability, provided that such City-wide fees or charges are not imposed on impacts of new development.

Impact Fees. (regardless of when due or whether they are paid as a lump sum or in installments over time) which are required of Owner as a condition to the issuance of zoning variances or building permits, and similar charges on or relating to the Inn (collectively, "Impositions") during the Term shall be paid by Manager from Gross Revenues, before any fine, penalty, or interest is added thereto or lien placed upon the Inn or upon this Agreement, unless payment thereof is in good faith being contested and enforcement thereof is stayed. Any such payments shall be Deductions in determining Operating Profit. Owner shall, within five (5) days after receipt, furnish Manager with copies of official tax bills and assessments which it may receive with respect to the Inn. Either Owner or Manager (in which case Owner agrees to sign the required applications and otherwise cooperate with Manager in expediting the matter) may initiate proceedings to contest any negotiations or proceedings with respect to any Imposition, and all reasonable costs of any such contest shall be paid from Gross Revenues and shall be a Deduction in determining Operating Profit. Manager shall, as part of its contest or negotiation of any Imposition, be entitled, on Owner's behalf, to waive any applicable statute of limitations in order to avoid paying the Imposition during the pendency of any proceedings or negotiations with applicable authorities.