Developer Payments. 24.1 In this Clause 24:
Developer Payments. (a) On an annual basis, the City agrees to pay Developer, within thirty (30) days of the end of each Fiscal Year, all amounts then on deposit in the Project Cost Account.
Developer Payments. (a) The Town agrees to pay Developer, within thirty (30) days following the Tax Payment Date, or the date on which the payment is actually received by the Town from the Developer, whichever is later, an amount equal to 75% of the Property Tax paid on the Increased Assessed Value of the Developer Property for each Tax Year beginning on the April 1 following completion of the Project, but in no event later than April 1, 2023 2025, and continuing for a period of fifteen (15) Tax Years, not to exceed the term of the District until March 31, 2038; provided, however, that such payment shall not exceed a total dollar value of $78,636 in any one Tax Year.
Developer Payments. (a) So long as no event described in Section 14 hereof shall have occurred and be continuing, the Village shall pay to the Developer a Sales Tax Rebate with respect to each Applicable Project for the Sales Tax Participation Period that pertains to each such Applicable Project, an amount equal to forty percent (40%) of the Sales Tax Revenue received by the Village with respect to sales made from each such Applicable Project (the “Sales Tax Rebate”) during the Sales Tax Participation Period applicable to such project, which Sales Tax Rebate shall be calculated by the Village only from the portions of the said Sales Taxes generated by each Applicable Project approved by the Village Board and actually received by the Village after any deductions made by the Illinois Department of Revenue (“IDOR”). By way of illustration only:
Developer Payments. (a) The City agrees to pay Developer, within thirty (30) days following each Tax Payment Date, all amounts then on deposit in the LabelTech Project Cost Subaccount.
Developer Payments. (a) The Town agrees to pay Developer, within thirty (30) days following the Tax Payment Date, or the date on which the payment is actually received by the Town from the Developer, whichever is later, an amount equal to 75% of the Property Tax paid on the Increased Assessed Value of the Developer Property for each Tax Year beginning April 1, 2023 and continuing until March 31, 2038; provided, however, that such payment shall not exceed a total dollar value of $ in any one Tax Year.
Developer Payments a. Subject to the Expense Cap, as hereinafter defined, the Developer shall reimburse the City for the fees, out-of-pocket costs, all charges for counsel and consultants and all other expenses incurred by the City in providing the City Services (the “Charges”), Charges incurred prior to the Effective Date (“Prior Charges”) shall be reimbursed solely in accordance with Section 3.b and 3.d of this Agreement and Charges incurred after the Effective Date (“Subsequent Charges”) in accordance with Section 3.e of this Agreement. The City shall not be required to obtain the Developer’s approval for payment of any of the Charges incurred within the Expense Cap.
Developer Payments. (a) The Town agrees to pay Developer, within thirty (30) days following each Tax Payment Date, all amounts then on deposit in the Evergreen Project Cost Subaccount.
Developer Payments. Reserved.
