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Foothill /Eastern A0E (Zone A): <br />(5,000 s.f. x $1.80 /s.f.) $ 91000 <br />Total fee for development if located in <br />Zone A of Foothill /Eastern AOH $ 91000 <br />IX. DEFERRAL OF FEES <br />i It is proposed that fees may be deferred for residential multi -unit rental <br />projects or projects which include State or Federal requirements to provide <br />units affordable to families with incomes less than 809 of the median income <br />(Section VIII housing). The deferral may be for a period of.five years from <br />1- the issuance of building permits or the period of the State /Federal-funding <br />requirements beginning upon issuance of the first building permit. The fees <br />to be paid shall be those in effect at the time of payment and shall be <br />( secured by an agreement and renewable letter of credit held by an escrow <br />company, or cash or time certificate of deposit in the amount of fees plus <br />15 percent in anticipation of inflationary increases. <br />(; X. CRITERIA FOR COLLECTION OF FEES <br />The enabling ordinance provides for collection of fees as a condition of <br />final map approval or issuance of building permits. Fees shall be collected <br />prior to issuance of all building permits for new residential structures and <br />commercial /industrial structures which establish new and enlarged floor <br />space. Fees will not be required for remodeling or reconstructing existing <br />1 structures to the same number of residential dwelling units or equal <br />commercial building area. Fees will not be required for construction of <br />retaining walls, patio covers, swimming pools or other non inhabitable <br />residential structures. <br />XI. DEVELOPMENT EXACTIONS s CREDITS <br />Development Projects containing portions of transportation corridors within <br />their boundaries shall be required by condition of approval of cities or <br />County to accomplish the following: <br />i 1. Dedicate right- o£-way in accordance with schematic plans approved by the <br />Joint Powers Agency. <br />2. Grade corridor right -of -way in accordance with schematic plans approved <br />by the Joint Powers Agency and shown on the Tentative Tract Map and <br />rough grading plans. <br />3. Construct arterial overcrossings for internal arterials. Width of <br />overcrossing structure (i.e., number of travel lanes) is to be <br />determined based upon vehicular and pedestrian traffic generated by the <br />proposed project. <br />4. Construct corridor travel lanes and interchange ramps required <br />immediately for access to proposed development or system continuity <br />-21- <br />