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Agmt82 DDA Redwood Shores Inc. GID 1-64
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Agmt82 DDA Redwood Shores Inc. GID 1-64
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Last modified
5/14/2018 12:14:09 PM
Creation date
5/14/2018 12:08:16 PM
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Agreement
Contractor Name
Redwood Shores Inc.
PROJECT NAME
GID 64
RMP File Number
304
Date
6/16/1982
MO Ref
SEE ORD 1859
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I <br />t <br />unit fee. Subject to the provisions of paragraph 6(b) - 6(c), <br />inclusive, hereof, owners of the real property described in "Exhibi <br />>' B" shall be obligated a, a condition to issuance of a building permft <br />F <br />'L <br />for construction within said property to pay the charge .pith respect <br />U <br />o to the Lonstrurtion of anv new additional residentia. or commercial <br />ra <br />F <br />4 unit (exclusi v, of the repair or remodeling of existing structures) <br />M on lands developed or to be developed within said property. <br />Vi <br />ra (b) The charge for each E.D.U., as set forth in Lhe Rate <br />rr <br />H <br />Pk Scheeule, shall be imposed and paid at the time at which a building) <br />6 n <br />m purt"rt is issued for each C.U.U. (new starts only) and shall be <br />L; <br />collected by City from all applicants for such permits within the <br />clcl <br />above described areas as a condition to the issuance thereof. V' <br />w d <br />`z (c) The charge established by the Rate Schedule ;hall not be <br />G <br />I <br />adjusted except by mutual consent of the parties her^_to, in <br />( <br />accordance with the terms of this agreement, and may be done only <br />• <br />at a regular quarterly review meeting as described in paragraph B. <br />tIotwithstanding the foregoing, the Rate may not be increased more <br />.a <br />•§ <br />Lhan 5% in any given quarter over the amount of the previous quarter,' <br />• <br />unless the proposed increase is approved by the City Council after <br />noticed public hearing in accordance with the Amendment provisions of t <br />paragrapi, 14. <br />(d) It is understood and agreed by the parties hereto that. <br />. <br />the charge imposed pursuant to this paragraph shall be separate from, y <br />and in addition to, any other fres or costs presently in effect <br />related to subdivision and/or development, including, but not limitld <br />M1, <br />'`*%f,+[•_ <br />to, Building Permit fees, applications for various governmental ` <br />�'✓� <br />f <br />i- <br />approvals and charges imposed as conditions upon such approvals; <br />provided, however, that the charges imposed herein shall be in lieu <br />of any other fees, costs or impositions for the purpose of financin <br />G <br />I <br />
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