Laserfiche WebLink
1. First Payment; Payment due shall be equal to one-fourth (1/4) of <br /> the actual fee or Three Thousand, Three Hundred Forty Four <br /> Dollars and Thirty Eight Cents ($3,344.38). This payment shall be <br /> paid to City at the time the building permit is issued for the Site. <br /> 2. Second Payment: Payment due shall be equal to one-fourth (1/4) of <br /> the actual fee or Three Thousand, Three Hundred Forty Four <br /> Dollars and Thirty Eight Cents ($3,344.38), PLUS interest as set <br /> forth in this Agreement which equals Three Thousand, Six Hundred <br /> Forty Five Dollars and Thirty Seven Cents ($3,645.37). The <br /> payment shall be due and payable one (1) year following the date <br /> of issuance of the occupancy permit. <br /> 3. Third Payment. Payment due shall be equal to one-fourth (1/4) of <br /> the actual fee or Three Thousand, Three Hundred Forty Four <br /> Dollars and Thirty Eight Cents ($3,344.38), PLUS interest as set <br /> forth in this Agreement which equals Three Thousand, Five <br /> Hundred Forty Five Dollars and Four Cents ($3,545.04). The <br /> payment shall be due and payable one (1) year following the date <br /> of the second payment. <br /> 4. Fourth Payment: Payment due shall be equal to one-fourth (1/4) of <br /> the actual fee or Three Thousand, Three Hundred Forty Four <br /> Dollars and Thirty Eight Cents ($3,344.38), PLUS interest as set <br /> forth in this Agreement which equals Three Thousand, Four <br /> Hundred Forty Four Dollars and Seventy One Cents ($3,444.71). <br /> The payment shall be due and payable two (2) years following the <br /> date of the second payment. <br /> C. The Property Owner shall pay to the City interest on the unpaid balance of <br /> the PFDI. Said interest obligation shall commence on the issuance of occupancy permit <br /> and end on the date of final payment of said fees. Interest shall be at the rate of three <br /> percent (3.0%) per annum. <br /> D. Property Owner may at any time pay to the City the balance due for the <br /> PFDI, including interest prorated to the date of final payment. <br /> E. Should Property Owner fail to pay the PFDI in accordance with the above <br /> time payment schedule, the balance of such fees payable including interest shall <br /> constitute a special assessment against the Site, and upon the City's filing a certified <br /> statement of non-payment of such fees with the County Assessor, the special <br /> assessment shall be entered on the tax roll and shall attach against the Site. Said <br /> PFDI Payment Schedule Agreement Page 2 of 4 <br /> 1315 CLARKE STREET 11/12/2014 <br />