TRANSPORTATION CORRIDOR AGENCY - SAN JOAQUIN CORRIDOR

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to residences. Land uses were combined into three general land use categories (2 residential and 1 non - residential) for the purposes of applying fees to development projects. Presently, as of June 12, 1997, fees for each of the fee zones within the Areas of Benefit are: SJHTC* Zone A Zone B F/ETC ** Zone A Zone B Single Family Residential $3,133 /unit $2, 426 /unit $3,673 /unit $2,612 /unit Multi -Unit Residential $1, 824 /unit $1, 416 /unit $2,144 /unit $1,520 /unit Non - Residential $4.20 /sf. $3.11 /sf. $5.10 /sf. $2.96/sf. * The foregoing SJHTC fee rates shall be increased on July 1, 1998, and annually thereafter, by 2.667 % without further action by the Board. ** The foregoing F/ETC fee rates shall be increased on July 1, 1998, and annually thereafter, by 2.206% without further action by the Board. Developers who are required to construct portions of the transportation corridors will receive credit for that work toward the payment of their fees by the Transportation Corridor Agency pursuant to approved plans, specifications and phasing of the Agency, or by agreements with Parties executed prior to the effective date of the First Amended and Restated Joint Exercise of Powers Agreement creating the SJHTCA or the F/ETCA, as appropriate. The amount of credit neither will be adjusted with subsequent revisions to the fee program nor will additional fees based upon such subsequent revisions be required once such credit is memorialized by agreement. This credit may be transferred in accordance with the provisions of Section XI to subsequent owners of the property from which the credits were generated. Payment of fees for residential multi -unit rental projects may be deferred for a period of five years from issuance of a building permit. The developer must enter into an agreement to pay the fee in effect at the time payment is due and provide a security in the amount of the fee plus 15 %. Properties which are exempt from payment of property taxes will generally be exempt from payment of corridor fees. Governmental owned and constructed facilities and utilities will be exempt unless the facility is used for commercial or revenue generating purposes. Portions of seventeen cities are included within the benefit areas for the SJHTC and F /ETC in addition to portions of the unincorporated County of Orange. The County may adopt a fee 223512_2.DOC