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Development Impact Fee Deferral Agreement for 2110, 2114 and 2020 East First Street <br />October 15, 2019 <br />Page 4 <br />The final fee amount to be deferred will be calculated at the time of the final inspection or issuance <br />of a certificate of occupancy for the project, whichever comes first. There is no negative fiscal <br />impact as the deferred amount will be paid back to the City. However, it should be noted that the <br />FY 19-20 deferred amount may be received in FY 20-21. <br />Steven A. Mendoza <br />Executive Director <br />Community Development Agency <br />APPROVED AS TO FUNDS AND ACCOUNTS: <br />Kathryn Downs, CPA <br />Executive Director <br />Finance and Management Services Agency <br />Fuad S. Sweiss, PE, PLS <br />Executive Director <br />Public Works Agency <br />Exhibits: 1. Request for Deferral of Development Impact Fees <br />2. Development Impact Fee Deferral Agreement <br />25A-4 <br />