Common use of Cost Certification Clause in Contracts

Cost Certification. The Redeveloper shall submit a reimbursement request, accompanied by a certificate from the Redeveloper’s architect or engineer that the reimbursable work has been completed in accordance with the Contract Documents, to the City for reimbursement from the Project Account, of any reimbursable expenses related to construction of the Redeveloper Project Improvements. The Redeveloper shall timely submit receipts, invoices, or proof of payment concurrently with the request for reimbursement of such Redeveloper Project Improvement costs. The City shall approve or reject the same with reasons stated, based on the review within ten (10) days of receipt of the same; provided, however, the City shall generally approve request for reimbursement made by Redeveloper that are consistent with this Agreement. If the applicable reimbursement proceeds are held in the City Project Account, the reimbursement payment by the City to Redeveloper shall be made within fifteen

Cost Certification. The Redeveloper shall submit a reimbursement request, accompanied by a certificate from the Redeveloper’s architect or engineer that the reimbursable work has been completed in accordance with the Contract Documents, to the City for reimbursement from the Project Account, of any reimbursable expenses related to construction of the Redeveloper Project ImprovementsSite Acquisition. The Redeveloper shall timely submit receipts, invoices, or proof of payment concurrently with the request for reimbursement of such Redeveloper Project Improvement costs. The City shall approve or reject the same with reasons stated, based on the review within ten (10) days of receipt of the same; provided, however, the City shall generally approve request for reimbursement made by Redeveloper that are consistent with this Agreement. If the applicable reimbursement proceeds are held in the City Project Account, the reimbursement payment by the City to Redeveloper shall be made within fifteenfifteen (15) days after approval by the City. If the reimbursement proceeds are held in the Lender Project Account, the reimbursement payment shall be made by the Lender.

Cost Certification. The Redeveloper shall submit a reimbursement request, accompanied by a certificate from photographs or images showing and the Redeveloper’s architect or engineer certification that the reimbursable work has Public Enhancements have been completed in accordance with the Contract Documentsthis Agreement, to the City for requesting reimbursement from the City or Lender Project Account, Account (as defined in Section 402.A below) of any reimbursable expenses related to construction of the Redeveloper Project ImprovementsPublic Enhancements. The Redeveloper shall timely submit receipts, invoices, or proof of payment concurrently with the request for reimbursement of such Redeveloper Project Improvement costsreimbursement. The City shall approve or reject the same with reasons stated, based on the review within ten (10) days of receipt of the same; provided, however, the City shall generally approve request for reimbursement made by Redeveloper that are consistent with this Agreement. If the applicable reimbursement proceeds TIF Bond Proceeds are held in the a City Project Account, the reimbursement payment by the City to Redeveloper shall be made within fifteenfifteen (15) days after approval by the City. If the TIF Bond Proceeds are held in a Lender Project Account, the reimbursement payment shall be promptly made by the Lender.

Cost Certification. The Redeveloper shall submit a reimbursement construction draw request, accompanied by a certificate from the Redeveloper’s architect or engineer that the reimbursable work has been completed in accordance with the Contract Documents, to the City for reimbursement from the City or Lender Project Account, Account (as defined in Section 502.A below) of any reimbursable expenses related to construction of the Redeveloper Project Improvements. The Redeveloper shall timely submit receipts, invoices, or proof of payment concurrently with the request for reimbursement of such Redeveloper Project Improvement costs. The City shall approve or reject the same with reasons stated, based on the review within ten (10) days of receipt of the same; provided, however, the City shall generally approve request for reimbursement made by Redeveloper that are consistent with this Agreement. If the applicable reimbursement proceeds TIF Bond Proceeds are held in the a City Project Account, the reimbursement payment by the City to Redeveloper shall be made within fifteenfifteen (15) days after approval by the City. If the TIF Bond Proceeds are held in a Lender Project Account, the reimbursement payment shall be promptly made by the Lender.