RES 01105 - Laserfiche WebLink

(d) Notwithstanding Section 2.2(a), at the request of the City, District shall not anpose Residential School Fees on Affordable Residential Units provided, however, that with respect to any Affordable Residential Unit that loses its designation as an Affordable Residential Unit due to the violation of conditions placed in such designations, the Residential School Fee shall be imposed in the amount otherwise applicable to such Unit under this Amended Cooperative Fee Agreement as of the date such designation is revoked. (e) Notwithstanding Section 2.2(a), with respect to Planned Residential Units that exceed Seven Thousand (7,000) square feet, Residential School Fees shall not be imposed for any square foot of Assessable Space in excess of Seven Thousand (7,000) square feet per Residential Unit. For lots that Signature is able to document to District's satisfaction as having been sold or contracted for sale to individual homebuilders or home buyers unaffiliated with Signature as of January 15, 2001, Residential School Fees shall not be imposed for any square foot of Assessable Space in excess of five thousand (5,000) square feet per Residential Unit. (f) The fee for Multiple Family Residential Units shall be subject to the annual inflationary increase provisions of section 2.2(a) of this Amended Cooperative Fee Agreement. Notwithstanding the remaining provisions of Section 2.2(a), the Residential School Fees applicable to Multiple-Family Residential Rental Units shall be determined as follows: Except as provided in 2.2(d), for each Multiple-Family Residential Rental Unit. the Residential School Fees shall be Two Dollars and Twenty-Eight Cents ($2.28) per square foot of Assessable Space; provided, however, that with respect to any such Multiple Family Residential Rental Unit that is subsequently converted to a Single-Family Residential Unit. the amount of Residential School Fees applicable to such convened unit under this Amended Cooperative Fee Agreement shall be equal to the amount otherwise applicable to Planned Residential Units under this Amended Cooperative Fee Agreement as of the date of such conversion, less the amount of Residential School Fees previously paid with respect to such Unit. The date of the conversion as used in this subsection shall be the date the final map for the Planned Residential Project records. At the request of the Cooperative Fee Developers or at its own direction, the District shall consider adjustments to this fee based on changes to the student generation yields of Multiple Family Residential Rental Units. Section 2.3 Payment of Residential School Fees. During the Term of this Amended Cooperative Fee Agreement, the Cooperative Fee Developers shall pay the Residential School Fees in accordance with the provisions of this Amended Cooperative Fee Agreement. The Residential School Fees attributable to each Planned Residential Unit within a Planned Residential Project shall be paid by the Cooperative Fee Developers to District in accordance with City's written procedures for issuance by City of a building permit for such Planned Residential Unit. Section 2.4 .State Funds. If the total of received State Funds plus the Residential School Fees that have been paid or are scheduled to be paid to the District exceeds the amount as District, determines wilt provide the School Facilities, or so much of the School Facilities as are actually needed by District, then each Cooperative Fee Developer that has already paid Residential School Fees pursuant to this Amended Cooperative Fee Agreement shall June 1. 2001