Common use of Payment of City's Costs/Administrative Fee Clause in Contracts

Payment of City's Costs/Administrative Fee. The Agreement provides that the Developer will pay the City's costs for negotiating this Agreement and implementing the TIF. It also provides for a TIF administrative gee in an amount equal to the greater of $5,000 or 1% of the TIF revenues collected annually during the term of the Agreement.

Payment of City's Costs/Administrative Fee. The Agreement provides that the Developer will pay the City's costs for negotiating this Agreement and implementing the TIFTIF and CID. It also provides for (a) a TIF administrative gee fee in an amount equal to the greater of $5,000 or 1% of the TIF revenues collected annually during the term of the Agreement, and (b) a CID administrative fee in an amount equal to the greater of $5,000 or 1% of the CID revenues collected annually during the term of the Agreement.

Payment of City's Costs/Administrative Fee. The Agreement provides that the Developer will pay the City's costs for negotiating this Agreement and implementing the TIF. It also provides for a TIF administrative gee fee in an amount equal to the greater of $5,000 or 1% of the TIF revenues collected annually during the term of the Agreement.