Common use of Development Impact Fees Clause in Contracts

Development Impact Fees. The Authority shall not impose a development impact fee unless it also imposes a sales or use tax or an ad valorem tax pursuant to this agreement, or both and in the manner established by C.R.S. § 29-1-204.5, as it may be amended from time to time. No development impact fee imposed by the Authority shall be imposed on the development, construction or permitting of low- or moderate-income housing or affordable employee housing. No impact fee shall be imposed by the authority without the prior written consent of the governing party or parties having jurisdiction over the property on which the impact fees are imposed. Any development impact fee imposed by the Authority shall not exceed the rate of two dollars ($2.00) per square foot of gross floor area of any building constructed thereon.

Development Impact Fees. The Authority shall not impose a development impact fee unless it also imposes a sales or use tax pursuant to Section 4.3, or an ad valorem tax pursuant to this agreementSection 4.4, or both and in the manner established by C.R.S. § 29-1-204.5, as it may be amended from time to timeboth. No development impact fee imposed by the Authority shall be imposed on the development, construction or permitting of low- low or moderate-moderate income housing or affordable MIWH employee housing. No impact fee shall be imposed by the authority without the prior written consent of the governing party or parties having jurisdiction over the property on which the impact fees are imposed. Any development impact fee imposed by the Authority shall not exceed the rate of two dollars ($2.00) per square foot of gross floor living area of any building constructed thereonthereon .