Common use of Financing Plan Reimbursement Fee Clause in Contracts

Financing Plan Reimbursement Fee. Within ninety (90) days of City’s approval of this Agreement, City shall establish a financing plan reimbursement fee, as set forth in Chapter 5 of Volume 1 of the Infrastructure Financing Plan, for purposes of reimbursing the Participating Developers who advance-funded the costs to prepare the Infrastructure Financing Plan (“Financing Plan Reimbursement Fee”). City hereby agrees to collect the Financing Plan Reimbursement Fee prior to accepting any small lot final map for property owned by a Non-Participating Landowner, and to distribute said proceeds to the Participating Developers based on their pro-rata share, on a per-acre basis, within thirty (30) days of receipt thereof.