Common use of Developer’s TUMF Obligation Clause in Contracts

Developer’s TUMF Obligation. Developer hereby agrees and accepts that as of the date of this Agreement, the amount Developer is obligated to pay to AGENCY pursuant to Ordinance No. 1091 as part of the TUMF Program is Ten Million Four Hundred Twenty Five Thousand Seven Hundred and Seventy Five Dollars ($10,425,775.00) (“TUMF Obligation”). This TUMF Obligation shall be initially determined under the TUMF fee schedule in effect for the AGENCY at the time the Developer submits a building permit application for the TUMF Improvement. Notwithstanding, this TUMF Obligation does not have to be paid until the Certificate of Occupancy is obtained.

Developer’s TUMF Obligation. Developer hereby agrees and accepts that as of the date of this Agreement, the amount Developer is obligated to pay to AGENCY pursuant to County Ordinance No. 1091 824 as part of the TUMF Program is Ten Million Four Hundred Twenty Five Thousand Seven Hundred and Seventy Five Dollars TWENTY SIX THOUSAND FOUR HUNDRED THIRTY FOUR DOLLARS ($10,425,775.0026,434) (“TUMF Obligation”). This TUMF Obligation shall be initially determined under the TUMF fee schedule in effect for the AGENCY at the time the Developer submits a building permit application for the TUMF Improvement. Notwithstanding, this TUMF Obligation does not have to be paid until the Certificate of Occupancy is obtained.

Developer’s TUMF Obligation. Developer hereby agrees and accepts that as of the date of this Agreement, the amount Developer is obligated to pay to AGENCY pursuant to Ordinance No. 1091 824 as part of the TUMF Program is Ten Million Four Hundred Twenty Five Thousand Seven Hundred and Seventy Five Dollars ONE MILLION EIGHT HUNDRED NINE THOUSAND TWO HUNDRED NINETY TWO DOLLARS ($10,425,775.001,809,292) (“TUMF Obligation”). This TUMF Obligation shall be initially determined under the TUMF fee schedule in effect for the AGENCY at the time the Developer submits a building permit application for the TUMF Improvement. Notwithstanding, this TUMF Obligation does not have to be paid until the Certificate of Occupancy is obtained.

Developer’s TUMF Obligation. Developer hereby agrees and accepts that as of the date of this Agreement, the amount Developer is obligated to pay to AGENCY pursuant to Ordinance No. 1091 824 as part of the TUMF Program is Ten Million Four Hundred Twenty Five Thousand Seven Hundred and Seventy Five Dollars EIGHTY FOUR THOUSAND FIVE HUNDRED EIGHTY TWO DOLLARS ($10,425,775.0084,582) (“TUMF Obligation”). This TUMF Obligation shall be initially determined under the TUMF fee schedule in effect for the AGENCY at the time the Developer submits a building permit application for the TUMF Improvement. Notwithstanding, this TUMF Obligation does not have to be paid until the Certificate of Occupancy is obtained.