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purchase price of each Banked Seat, as established in Section 4 of this Agreement)by the <br /> number of seats purchased by the Applicant - nine (9), resulting in an estimated Impact <br /> Fee Credit amount of Two Hundred Three Thousand Three Hundred Eighty Two Dollars <br /> ($203,382), (i.e. $22,598 purchase price of the Banked Seats x 9 purchased Banked Seat <br /> =($203,382) <br /> The final Impact Fee Credit amount shall be determined by t 4 County, pu'suant <br /> to the then current Miami-Dade County Educational Facilities I• pact °•: Ordinance <br /> x.. <br /> 1' <br /> Yp4r <br /> (Chapter 33K, of Miami-Dade County Code of Ordinances)' . rlocal Agreement <br /> r,!„ <br /> Between Dade County and The School Board ias- Co'b ty, Florida, relating to <br /> Educational Facilities Impact Fee Monie .. and the ~`1..ropolitan Dade County <br /> Educational Facilities Impact Fee Administra','e?A.:. <br /> Educational Manual, as each may have <br /> �f, <br /> been amended or may be amende! 4 .m time to ime. The amount of the Impact Fee <br /> Credit will not include any a nistrativ- ,, other fees which the County may impose as <br /> part of its administrative proce " <br /> :q . <br /> 6. EFFEC 1 ATE. This Agreement shall take effect upon the last of_ <br /> the Partie'"ie..i IR:re ement, but in no event later than July 15, 2015 ("Effective <br /> Dat• `. Fai'I;, to''a- iver this Agreement to the School Board executed by the Applicant <br /> and thy:=._ity q' June 30, 2015 may, in the sole discretion of the School District, result in <br /> 9 <br /> the revocation of the Concurrency Determination issued by the School District on <br /> October 17, 2014, incorporated herein by reference. <br /> SCHOOL BOARD/PROPORTIONATE SHARE MITIGATION- — <br /> SUNNY ISLES PROPERTY VENTURE,LLC AGREEMENT—DRAFT#2—5/14/15 Page 8 of 22 <br /> 1 <br />