Common use of Payments Required Clause in Contracts

Payments Required. The City hereby agrees that these street improvements will benefit properties within the street assessment reimbursement area defined in the South Richland Collector Street Financing Plan. Future developments within the street assessment reimbursement area shall pay a fair prorated share of Developer's costs through payment of the traffic impact fee.

Payments Required. The City hereby agrees that these street improvements will benefit properties within the street assessment reimbursement area defined in the South Richland Collector Street Financing Plan. Future developments within the street assessment reimbursement area shall pay a fair prorated share of the Developer's costs through payment of the traffic impact fee.