City’s Right to Audit Developer’s Books and Records. The Developer agrees that the City or its agents shall have the right and authority to review and audit, from time to time (at the Developer’s principal office during normal business hours) the Developer’s books and records relating to the total amount of all costs paid or incurred by the Developer for the Private Redevelopment Project and the total amount of related Eligible Redevelopment Project Costs, including, if any, loan agreements, notes or other obligations in connection with any indebtedness of the Developer directly related to such costs paid or incurred by the Developer for the Private Redevelopment Project in order to confirm that any such Eligible Redevelopment Project Costs claimed to have been paid and incurred by the Developer were directly related and allocable to the costs of the Private Redevelopment Project that was financed by the Developer and in fact paid and incurred by the Developer.
City’s Right to Audit Developer’s Books and Records. Developer agrees that the City shall have the right and authority to review and audit, from time to time, Xxxxxxxxx's books and records relating to the TIF Improvements (including Xxxxxxxxx's loan statements, general contractor's sworn statements, general contracts, subcontracts purchase orders, waivers of lien, paid receipts and invoices) in order to confirm that the Water Street Commons TIF Funds are or have been expended for purposes of undertaking the TIF Improvements or other purposes permitted under the Act. Developer further agrees to incorporate the City's right to audit books and records as described herein into all contracts entered into by Developer with respect to the TIF Improvements.
City’s Right to Audit Developer’s Books and Records. Developer agrees that the City shall have the right and authority to review and audit, from time to time, Xxxxxxxxx's such books and records as relate to the Project Improvements (including Xxxxxxxxx's general contractor's sworn statements, general contracts, subcontracts purchase orders, waivers of lien, paid receipts and invoices) in order to confirm that the City’s Funds are or have been expended for purposes of undertaking the Project Improvements. Developer further agrees to incorporate the City's right to audit books and records as described herein into all contracts entered into by Developer with respect to the Project Improvements.
City’s Right to Audit Developer’s Books and Records. The Developer agrees that the City or its agents shall have the right and authority to review and audit, from time to time (at the Developer’s principal office during normal business hours) the Developer’s books and records relating to the total amount of all costs paid or incurred by the Developer for the Private Development and the total amount of related Eligible Costs, including, if any, loan agreements, notes or other obligations in connection with any indebtedness of the Developer directly related to such costs paid or incurred by the Developer for the Private Development in order to confirm that any site preparation costs or interest costs claimed to have been paid and incurred by the Developer were directly related and allocable to the costs of the Private Development that was financed by the Developer and in fact paid and incurred by the Developer.
