Developer Reimbursement. If the Developer fails to complete a portion of the 60 Housing Units contemplated as part of the Minimum Improvements by September 1, 2023, then the Developer shall pay to the City an amount equal to a proportionate percentage of the City’s costs in constructing the Public Improvements, within 30 days of the City’s written demand therefor. For example, if the Developer fails to complete 20 of the 60 Housing Units, which is one third of the proposed Housing Units, then the Developer shall be obligated to pay to the City an amount equal to one-third of the City’s costs in constructing the Public Improvements.
Developer Reimbursement. Second, to reimburse Developer, up to the amount equal to the sum of (a) any portion of the Purchase Price of the Property that Developer has paid to PDC and (b) the PDC-approved development costs for the Project paid by Developer, or for which Developer remains liable, that were not funded by the PDC (if PDC provided financing for the Project), less any gains or income withdrawn or made as to the Project to the extent actually realized or received; and
Developer Reimbursement. Reimbursement opportunities, as provided for in ------------------------ Article 5 of RANGEVIEW's Rules and Regulations, shall be available to the DEVELOPER only for the Offsite Water Transmission Pipeline, Special Facility "C".
Developer Reimbursement. The Parties acknowledge and agree that, in connection with the DDA, Developer incurred (or will incur) certain costs on behalf of, or of benefit to, Agency (the “Reimbursable Costs”). Accordingly, Developer shall provide Agency documentation reasonably acceptable to Agency regarding the Reimbursable Costs and Agency shall promptly reimburse Developer for such reasonably documented Reimbursable Costs in an aggregate amount not to exceed Ninety-Five Thousand Five Hundred Dollars ($95,500) (the “Maximum Reimbursable Amount”).
Developer Reimbursement. DRAFT
Section 4.01. CTUB will not reimburse the Developer for the installation, cost or any other costs associated with the installation and construction of the Sewage Collection System. Developer expressly waives any right to reimbursement under the PSC Rules and Regulations for the Government of Sewer Utilities, 150 CSR 5, Rule 5.5, a copy of which is attached hereto as Exhibit , and made a part hereof, and understand that CTUB’s extension of service outlined in the Agreement herein shall be construed as an exemption to Rule 5.5 The Developer will collect reimbursement through appropriate pricing of real estate within its Development.
Section 4.02. Not later than fifteen (15) business days following the time of the transfer of ownership of the Sewage Collection System or phase thereof as provided in Article III, Developer shall provide CTUB with an itemized accounting of the costs of the Sewage Collection System or phase thereof. The costs shall include, but not limited to, labor, materials, engineering fees and costs of permits. CTUB shall have a right to review copies of the records of Developer relating to the development of the Sewage Collection System and Developer shall, at the request of CTUB, provide CTUB with copies of all invoices relating to the development of the Sewage Collection System or phase thereof. CTUB shall verify the total cost of the Sewage Collection System or phase thereof and shall give notice in writing to Developer of CTUB’s calculation of the total cost of the Sewage Collection System or phase thereof (the “Project Cost”).
Developer Reimbursement. This item and the payments related to Navy leases are enforceable obligations under the Conveyance Agreement, which is a transfer agreement between Successor Agency and Navy that expires when last parcel transferred. The Navy sells each parcel to Successor Agency for $1/each. Contract expiration date reflects Successor Agency's obligations pursuant Navy / Agency Conveyance Agreement, through to the final Navy parcel to transfer, which is projected to be December 31, 2033 76 HPS Property Management: Source of Funds: Developer Reimbursement. Site Office/administrative services, and Maintenance Services are required by the Interim Lease, Exhibit E-1 - Baseline Services. These services are provided on an as-needed basis. Contract expiration date reflects OCII obligations to transfer property to the Developer per the Phase 2 DDA Schedule of Performance, which provides for completion by December 31, 2036 77 HPS Building 606 Lease to SFPD: Source of funds: City and County-SFPD rent payments. Pursuant to HPS Conveyance Agreement with U.S. Navy. Lease payments are from the SF Police Department. The lease is on a month-to-month basis and the Successor Agency will amend the lease to expire no later than the property transfer date. Contract expiration date reflects Successor Agency obligations pursuant to the Navy / Agency Conveyance Agreement, through to the final Navy parcel to transfer, which is projected to be December 31, 2033.
Developer Reimbursement. If the Bond Transaction is consummated, then Developer shall be reimbursed out of the proceeds of the Bond for all of the Area Costs actually paid (or reimbursed) by Developer to the Town, and/or the Area Advisors.
Developer Reimbursement a) Staff is authorized to reimburse Development Charges works constructed by developers in accordance with front end financing agreements approved by Council, provided all conditions have been met.
b) In order to address depreciation and the cost of early maintenance, front end financing repayments will not be indexed.
c) Repayment occurs after the performance criteria outlined in the front end financing agreement has been met. This will include repayment tied to building permit issuance and any other performance standards outlined in the agreement.
d) The repayment amount will be the lesser of the developer’s total project costs, the costs anticipated by the Region of Peel in the applicable Development Charges Background Study, or costs calculated in accordance with market prices current at the time the work is performed, as adjusted to reflect site specific conditions, e.g. depth, soil conditions.
e) The Region reserves the right to limit cumulative payments per calendar year in reimbursements to all participating developers to $10,000,000 (Ten Million dollars) if necessary to protect the Regions cash flow in any particular year.
Developer Reimbursement. Where the land of a third party directly benefits from services installed by a Developer, the Village may include in the development agreement to endeavour to collect a cost recovery for the Developer. Interest will be added to that initial cost (compounded annually) from the first anniversary date of substantial completion of those services to the date of payment at a rate equal to the Village’s capital borrowing rate. In circumstances where application of such interest would be inequitable or beyond the power of the Village, the cost recovery may be at the relevant local improvement by-law applicable during the year of recovery or whatever amount is recoverable within the Village’s powers. Where the Developer, the Village, and the third party so agree the cost recovery may be calculated as above provided or in any other manner agreed to and either paid by the third party directly to the Developer or though the Village. A development agreement may provide that where the land of a third party directly benefits from services installed by the Developer, as determined by the Village, the Village shall in accordance with these guidelines pay to the Developer the cost and interest as described above in paragraph one and two subject to and upon capital funding being approved for that payment.
Developer Reimbursement. The Parties acknowledge and agree that, in connection with the DDA, Developer incurred costs on behalf of, or of benefit to, Agency and the Agency Parcel North in an aggregate amount equal to Six Hundred Fifty-Five Thousand Dollars ($655,000) (the “Reimbursable Amount”). Accordingly, Agency shall deliver directly to Developer funds equal to the Reimbursable Amount within fifteen (15) days of the Effective Date.
