Developer’s Fee Clause Samples
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Developer’s Fee. While, in accord- ance with § 3560.54(a)(9), payment of a developer’s fee is not an eligible use of Agency loan funds, the Agency will in- clude in total development costs a de- veloper’s fee paid from other sources when analyzing the Federal Govern- ment assistance to the housing. The Agency may recognize a developer’s fee paid from other sources on construc- tion or rehabilitation of up to 15 per- cent of the total development costs au- thorized for low-income housing tax credit purposes, or by another Federal Government program. Likewise for transfer proposals that include acquisi- tion costs, the developer’s fee on the acquisition cost may be recognized up to 8 percent of the acquisition costs only when authorized under a Federal Government program providing assist- ance. The developer’s fee is not in- cluded in determining the Agency’s maximum debt limit and loan amount.
Developer’s Fee percent (_ %) of the Cost of the Work as described in Sections 2.1.1, 2.1.2, 2.1.3, 2.1.4 and 2.1.5.
Developer’s Fee. Four and Ninety-Five Hundredths percent (4.95%) of the Cost of the Work as described in Section 2.1.
Developer’s Fee. Borrower shall cause Mortgagor to refrain from drawing $200,000 from the Senior Loan allocated toward the developer’s allowance (as set forth in the budget attached to the Senior Loan) until the payment in full of this Loan.
Developer’s Fee. The term “Developer’s Fee” shall have the meaning attributed to it in Section 5.1.
Developer’s Fee. An amount not to exceed $ 30,000.00 in a HOME funds shall be provided to ▇▇▇▇▇ ▇▇▇▇▇▇ Development Corporation from Year 2020 HOME Program funds for administration and coordination of the construction of the development of one (1)) single family unit within the ▇▇▇▇▇ ▇▇▇▇▇▇ Community. Developer’s Fee will be dispersed when construction is 100% completed and a certificate of occupancy is received.
Developer’s Fee percent (_ %) of the Cost of the Work as described in Section 2.1.
Developer’s Fee. Landlord shall earn a developer’s fee (the “Developer’s Fee”) of five percent (5%) of the total Project Cost. The Developer’s Fee shall be deemed earned on the Commencement Date. The Developer’s Fee shall be financed as part of the total Project Cost and shall be paid out to Landlord during the construction of Landlord’s Work.
Developer’s Fee. In addition to rent and additional rent, Lessee shall pay to Lessor a Developer’s Fee of $70,300, which shall be due at the closing on the Improvement Financing. The Developers fee shall compensate the Lessor for the following services related to the Improvements: coordination of design, bidding, inspection, materials testing, and construction; administration of change orders and submittals; fiscal administration for construction of improvement including loan draws, processing contractor payments, and administering retainage; permit applications and compliance; state grant and loan program compliance; administration of grant including preparing application, compliance monitoring, and requisitions for payment; and photo documentation of Improvements.
Developer’s Fee. Owner and Developer shall engage in good faith negotiations to determine Developer’s fee (the “Developer’s Fee”) for each respective Phase of the Project. For Phase I of the Project, Owner shall pay to Developer a fixed Developer’s Fee in the amount of Twenty Million dollars (US$20,000,000.00). Three Million dollars (US$3,000,000.00) of the Developer’s Fee for Phase I shall be paid on the Effective Date. Additional advances against the remainder of the total Developer’s Fee shall be paid on a monthly basis, without set-off, deduction or counterclaim, during the applicable development period of Phase I of the Project based upon Developer’s good faith estimate of the total fee payable and the duration of the development period for Phase I. The amount of the monthly installments shall be modified from time to time to reflect changes to the Budget and/or construction schedule. Costs and expenses to be reimbursed to Developer shall be paid within thirty (30) days after Developer’s requisition therefore.