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Inst 2015213766
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Inst 2015213766
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8/17/2015 3:59:29 PM
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8/17/2015 3:56:40 PM
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CM City Clerk-City Council
CM City Clerk-City Council - Document Type
Agreement
Document Date (6)
6/30/2015
Recorded Document Type
Payment Schedule Agreement~
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. <br /> B. The DFSI shall be paid by Property Owner to the City within thirty (30) <br /> days of receipt of written notice from City demanding payment and in accordance with <br /> the following schedule and amounts: <br /> 1. First Payment; Payment due shall be equal to one-fourth (1/4) of <br /> the actual fee or Five Thousand, Eight Hundred Eighty Dollars and <br /> Zero Cents ($5,880.00), of which Three Thousand, Nine Hundred <br /> Twelve Dollars and Twenty One Cents ($3,912.21) is designated <br /> for the base DFSI fee, and One Thousand, Nine Hundred Sixty <br /> Seven Dollars and Seventy Nine Cents ($1,967.79) is designated <br /> for the Marina Boulevard/Interstate 880 Interchange Traffic Impact <br /> Fee. This payment shall be paid to City at the time the building <br /> 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 Five Thousand, Eight Hundred Eighty Dollars and <br /> Zero Cents ($5,880.00), PLUS interest as set forth in this <br /> Agreement which equals Six Thousand, Five Hundred Eighty Five <br /> Dollars and Sixty Cents ($6,585.60), of which Four Thousand, <br /> Three Hundred Eighty One Dollars and Sixty Eight Cents <br /> ($4,381.68) is designated for the base DFSI fee, and Two <br /> Thousand, Two Hundred Three Dollars and Ninety Two Cents <br /> ($2,203.92) is designated for the Marina Boulevard/Interstate 880 <br /> Interchange Traffic Impact Fee. The payment shall be due and <br /> payable one (1) year following the date of issuance of the building <br /> permit. <br /> 3. Third Payment. Payment due shall be equal to one-fourth (1/4) of <br /> the actual fee or Five Thousand, Eight Hundred Eighty Dollars and <br /> Zero Cents ($5,880.00), PLUS interest as set forth in this <br /> Agreement which equals Six Thousand, Three Hundred Fifty <br /> Dollars and Forty Cents ($6,350.40), of which Four Thousand, Two <br /> Hundred Twenty Five Dollars and Nineteen Cents ($4,225.19) is <br /> designated for the base DFSI fee, and Two Thousand, One <br /> Hundred Twenty Five Dollars and Twenty One Cents ($2,125.21) is <br /> designated for the Marina Boulevard/Interstate 880 Interchange <br /> Traffic Impact Fee. The payment shall be due and payable one (1) <br /> year following the date of the second payment. <br /> 4. Fourth Payment: Payment due shall be equal to one-fourth (1/4) of <br /> the actual fee or Five Thousand, Eight Hundred Eighty Dollars and <br /> Zero Cents ($5,880.00), PLUS interest as set forth in this <br /> DFSI Payment Schedule Agreement Page 2 of 4 <br /> 13547 AURORA DRIVE 6/8/2015 <br />
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