Planning and Soft Costs Sample Clauses

Planning and Soft Costs. Pursuant to the Preliminary Funding Agreement, the Developer has agreed to reimburse the City for any third-party planning and soft costs, including attorneys’ fees, associated with the negotiation, approval and administration of this Agreement and other documents. Any portion of the funds that are not spent by the time this Agreement is executed shall be applied to pay (1) the City’s reasonable planning, legal, financial and other consultants, and (2) administrative costs and expenses that are incurred in connection with the approval of the Development Plan, the negotiation and administration of this Agreement (including, without limitation, the review of Certificates of Reimbursable Redevelopment Project Costs), and the creation of the CID. If the funds provided pursuant to the Preliminary Funding Agreement have been fully expended, the Developer agrees to pay to the City such amount as may be required from time to time to pay costs set out in (1) and (2) above within 30 days following delivery to the Developer of an invoice therefor; provided, (A) the City shall obtain the Developer’s approval before entering into any new engagements with any third party, and (B) the City shall provide the Developer with a monthly statement showing each agreement executed, amounts paid pursuant to each such agreement, and amounts remaining due with respect to each agreement. To the extent permitted by law, all sums advanced or deemed advanced by the Developer under this Section shall constitute Reimbursable District Project Costs.
Sample 1
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