Common use of Proportionate Fair Share Clause in Contracts

Proportionate Fair Share. For purposes of this Agreement, the amount of $103,101.75, referred to herein as "Proportionate Fair Share," shall be paid to the County prior to the issuance of a final site plan approval letter by the City of Daytona Beach. If Developer does not pay the Proportionate Fair Share within one year of the date of the execution of this Agreement by all parties hereto, then the Proportionate Fair Share shall be revised based on the applicable Florida Department of Transportation published inflationary rate. The parties agree that construction of the thoroughfare road improvements shall be constructed as determined by the County. Once payment is made, the Owner agrees to waive the right to request a return of the Proportionate Fair Share payment. Owner shall be entitled to County thoroughfare road impact fee credits against the payment of the Proportionate Fair Share.

Proportionate Fair Share. For purposes of this Agreement, the amount of $103,101.7541,648.66, referred to herein as "Proportionate Fair Share," shall be paid to the County prior to the issuance of a final site plan approval letter by the City of Daytona Beach. If Developer does not pay the Proportionate Fair Share within one year of the date of the execution of this Agreement by all parties hereto, then the Proportionate Fair Share shall be revised based on the applicable Florida Department of Transportation published inflationary rate. The parties agree that construction of the thoroughfare road improvements shall be constructed as determined by the County. Once payment is made, the Owner agrees to waive the right to request a return of the Proportionate Fair Share payment. Owner shall be entitled to County thoroughfare road impact fee credits against the payment of the Proportionate Fair Share.