Reso 2014-2353 - Laserfiche WebLink

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acceptable to the School Board's Office of Treasury Management. In the event Applicant fails to pay the Monetary Proportionate Share Mitigation Payment as provided for herein, the School District, at its sole option, may cancel this Agreement and may credit the reserved seats to the Concurrency Service Area from which they were reserved. Issuance of a Finding by the School District shall be a pre- condition to issuance of building permits by the City for the subject Development Proposal. 5. EDUCATIONAL FACILITIES IMPACT FEE CREDIT. As consideration for the Applicant's 1Monetary Proportionate Share Mitigation specified herein, and as firrther elaborated in Section 6(c) of this Agreement, the Parties agree that the School District shall provide a credit estimated at Two Hundred Twenty Four Thousand, Four Hundred Dollars (S224,400.00), toward any Educational Facilities Impact Fees imposed by Miami -Dade County ( "County ") ordinance for construction of the Development Proposal ( "Impact Fee Credit "). The final Impact Fee Credit amount shall be determined by the County, pursuant to the then current Miami -Dade County Educational Facilities Impact Fee Ordinance (Chapter 33K, of Mialni -Dade County Code of Ordinances). the Interlocal Agreement Between Dade County and The School Board of Dade County, Florida, relating to Educational Facilities Impact Fee Monies, and the Metropolitan Dade County Educational Facilities Impact Fee Administrative Procedures Manual, as each may have been amended or may be amended from time to time. The amount of the Impact Fee Credit will not include any administrative or other fees which the County may impose as part of its administrative process. 6. MITIGATION BANKING. The Applicant has selected the Monetary Proportionate Share Mitigation option, which will provide for the cost of construction by SCHOOL BOARD /Proportionate Share Mitigation Agreement for Muse (SP3114053000892) Page 6 of 26 ReAsed 12 -02 -2014