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expired, and any Banked Seat(s) not yet transferred will be returned to the <br />Concurrency Service Area where the School Project was constructed <br />g. Purchasing of Capacity Credits by Future Applicants. The School <br />District agrees to make known to all future residential development applicants <br />within the Concurrency Service Area or Adjacent Concurrency Service Areas <br />within the same Geographic Area, the option to purchase Capacity Credits <br />from this Mitigation Bank. Future applicants may purchase Capacity Credit(s) <br />only if the Mitigation Bank(s) has sufficient number of available seats to <br />provide for the entire school capacity deficiency. <br />h. Prioritv of Capacity Credit Transfers. In the event multiple mitigation <br />banks are created by other applicants, for the same Concurrency Service Area <br />or Adjacent Concurrency Service Areas within the same Geographic Area. the <br />Capacity Credits shall be made available for transfer to future applicants in the <br />order in which each mitigation bank was created. <br />i. Annual Reports. The School District will provide annual reports to the <br />Applicant ( "Annual Reports "), containing the balance of Banked Seats <br />remaining, if any, and Capacity Credit transfers, if any, prior to July I of each <br />year. The School District shall charge an annual administrative fee as may be <br />established in the Procedures Manual for Implementing the Amended and <br />Restated Interlocal Agreement for Public School Facility Planning in Miami - <br />Dade County. The annual administrative fee shall be paid by the Applicant to <br />the School District prior to issuance of the Annual Report. Upon expiration <br />SCHOOL BOARD /Proportionate Share Mitigation Agreement for Muse (SP3114053000892) Page 11 of 26 <br />Revised 12 -02 -2014 <br />