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Agreements for the Development of the Crossroads at Washington <br />June 21, 2022 <br />Page 7 <br />2 <br />7 <br />6 <br />6 <br />date the certificate of occupancy is issued, whichever occurs first.” The specific <br />development impact fees that are part of this deferral request includes the following: <br />Fee Description Factor Factor Total <br />Transit Zoning <br />Code Traffic Impact <br />Mitigation Fair <br />Share <br />$1,333.54 per unit 86 Units $114,685 <br />Drainage Area <br />Assessment Fee $7,748.21 per acre 2.286 Acres $17,712 <br />Sewer Connection <br />Fee $49.00 per F.U.562 F.U. (est.)$25,774 <br />Park Acquisition <br />and Development <br />Fee <br />$400,448 <br />Fire Facilities $0.94psf 100,104 SF $94,098 <br />TOTAL $652,717 <br />As an affordable housing project, the Project qualifies for this request for deferral of their <br />development impact fees. The Development Impact Fee Deferral Agreement will defer <br />approximately $652,717 of the development impact fees for the development of the <br />Project. <br />The following terms are incorporated into the Agreement: <br />Fee Deferral and Amount: The deferred collection of the development impact <br />fees in the estimated amount of approximately $652,717. <br />Deferral Period: The development impact fees will be deferred until the final <br />inspection or issuance of a certificate of occupancy for the Project, whichever <br />comes first. <br />Extension: An extension of the Agreement may only be granted by the City <br />Council. <br />Payment Security: Payment of fee is a personal obligation of the owner, or any <br />successor secured by the property, and if left unpaid, shall be collected as a special <br />lien against the property.