Common use of System Development Charges Clause in Contracts

System Development Charges. Greeley shall pay to Evans the following system development charges for general sanitary sewer treatment services provided pursuant to section 3 above, until the Greeley ▇▇▇▇▇▇▇▇ Draw Sanitary Sewer Lift Station is constructed and operational. System development charges are not refundable. 5.1 For each new sanitary sewer tap installed in the Greeley ▇▇▇▇▇▇▇▇ Draw Service Area and served by Evans pursuant to section 3 above, Greeley shall pay to Evans a monthly system development charge (“SDC”) in the amount of 4.17 percent (i.e., one- twelfth of one-half) of the plant investment fee charged by Evans for sanitary sewer customers outside its own city limits at the time such tap is installed. 5.2 Greeley shall be responsible for the monthly SDC payments described in section 5.1 above only until the Greeley ▇▇▇▇▇▇▇▇ Draw Sanitary Sewer Lift Station is constructed and operational, and only up to a maximum of twelve (12) monthly SDC payments for each new sanitary sewer tap installed in the Greeley ▇▇▇▇▇▇▇▇ Draw Service Area and served by Evans (i.e., a total maximum amount for each tap equal to one-half of the plant investment fee charged by Evans for sanitary sewer customers outside its city limits at the time such tap is installed). 5.3 In the event that the Greeley ▇▇▇▇▇▇▇▇ Draw Sanitary Sewer Lift Station is not constructed and operational within five (5) years from the execution of this Agreement, Greeley shall be responsible for twelve (12) additional monthly SDC payments to Evans for each new sanitary sewer tap installed in the Greeley ▇▇▇▇▇▇▇▇ Draw Service Area and served by Evans (i.e., a total maximum amount for each tap equal to the entire plant investment fee charged by Evans for sanitary sewer customers outside its city limits at the time such tap is installed).

System Development Charges. Greeley shall pay to Evans the following system development charges for general sanitary sewer treatment services provided pursuant to section 3 above, until the Greeley ▇▇▇▇▇▇▇▇ Draw Sanitary Sewer Lift Station is constructed and operational. System development charges are not refundable. 5.1 For each new sanitary sewer tap installed in the Greeley ▇▇▇▇▇▇▇▇ Draw Service Area and served by Evans pursuant to section 3 above, Greeley shall pay to Evans a monthly system development charge (“SDC”) in the amount of 4.17 percent (i.e., one- one-twelfth of one-half) of the plant investment fee charged by Evans for sanitary sewer customers outside its own city limits at the time such tap is installed. 5.2 Greeley shall be responsible for the monthly SDC payments described in section 5.1 above only until the Greeley ▇▇▇▇▇▇▇▇ Draw Sanitary Sewer Lift Station is constructed and operational, and only up to a maximum of twelve (12) monthly SDC payments for each new sanitary sewer tap installed in the Greeley ▇▇▇▇▇▇▇▇ Draw Service Area and served by Evans (i.e., a total maximum amount for each tap equal to one-half of the plant investment fee charged by Evans for sanitary sewer customers outside its city limits at the time such tap is installed). 5.3 In the event that the Greeley ▇▇▇▇▇▇▇▇ Draw Sanitary Sewer Lift Station is not constructed and operational within five (5) years from the execution of this Agreement, Greeley shall be responsible for twelve (12) additional monthly SDC payments to Evans for each new sanitary sewer tap installed in the Greeley ▇▇▇▇▇▇▇▇ Draw Service Area and served by Evans (i.e., a total maximum amount for each tap equal to the entire plant investment fee charged by Evans for sanitary sewer customers outside its city limits at the time such tap is installed).