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9. Impact Fees. If OM receives the permits and approvals necessary to develop the Project, <br /> it will pay the following impact fees: <br /> 9.1 Transportation Impact Fees. Chapter 18.40 EMC requires project applicants to <br /> prepare a traffic analysis that studies the amount of traffic to he generated by the project,the <br /> potential transportation effects of the project,and measures to avoid or otherwise mitigate <br /> adverse transportation effects. The code requires that traffic impact fees be collected for projects <br /> that generate more than 50 peak hour trips. A traffic analysis is included in the EIS for the <br /> Project which shows that the Project will generate more than 50 peak hour trips. OM will pay <br /> the traffic impact fees required by Ch. 18.40 EMC..In 2009 or 2010,the City may revise its <br /> transportation impact fees in Ch. 18.40 EMC. If it does,OM will pay the 2009/2010-revised fees <br /> for each new building prior to issuance of a building permit for each structure. The 2009/2010- <br /> revised fees shall apply to the Project for eight years from the date of this Agreement. If the City <br /> does not revise its transportation impact fees in Ch. 18.40 EMC in 2009 or 2010,OM will pay <br /> the fees in Ch. 18.40 EMC in effect on the date of this Agreement and these fees shall apply to <br /> the Project for eight years from the date of this Agreement. <br />