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seats to be created as a result of School Project, resulting in an individual <br />Estimated Reimbursable Value of S9,316.00 per Banked Seat (i.e. <br />S204,962.00 divided by 22 seats = S9,316.00). This Estimated Reimbursable <br />Value shall be adjusted to reflect actual total Educational Facilities Impact <br />Fees assessed by the County, resulting in a final determination by the School <br />District of the actual reimbursable value of each Banked Seat ("Final <br />Reimbursable Value "). Applicant hereby authorizes the School District to <br />enter into any required agreement with future developers who may desire to <br />purchase Capacity Credits from the Mitigation Bank, under the terms and <br />conditions set forth herein, and to effectuate the transfer of Capacity Credits <br />accordingly. Payment by the School District to the Applicant for the Final <br />Reimbursable Value of the Banked Seats purchased shall be made within <br />thirty (30) days after the final amount of the Applicant's Impact Fee Credit <br />has been determined, and a reconciliation of funds is completed by the School <br />District. <br />f Expiration of Capacity Credits. Capacity Credits may be purchased by <br />future applicant(s) within six (6) years from the date the School Board <br />authorized the execution of this Agreement; which in this instance, is hereby <br />established as 20 and subject to expiration of <br />timeframe set forth under Section 17 hereof. After 5:00 PM (Miami Time), <br />20, any remaining Capacity Credits created <br />by the Monetary Proportionate Share Mitigation option shall be deemed <br />SCHOOL BOARD /Proportionate Share Mitigation Agreement for Muse (SP3114053000892) Page 10 of 26 <br />Revised 12 -02 -2014 <br />