Redevelopment Project Costs Sample Clauses
POPULAR SAMPLE Copied 1 times
Redevelopment Project Costs. All requests for reimbursement of Redevelopment Project Costs shall be made in a Certificate of Redevelopment Project Costs in substantial compliance with the form attached hereto as Exhibit B-1. The Developer shall provide itemized invoices, receipts or other information, if any, to confirm that any such cost is so incurred and does so qualify as a Redevelopment Project Cost and only reflects such redevelopment project costs included in or contemplated by Exhibit G of the North Project Plan. To the extent any invoice, receipt or other information includes expenses that are partially eligible for reimbursement as a Redevelopment Project Cost and partially ineligible, Developer’s reimbursement request shall specify that portion of such expense that Developer certifies is a Redevelopment Project Cost and the basis for such allocation. The Developer shall provide such additional information as requested by the City to confirm that such costs have been incurred and qualify as Redevelopment Project Costs.
Redevelopment Project Costs. Eligible redevelopment project costs as defined in the TIF Act, including, but not limited to, the following: • Studies, Surveys, Development of Plans, and Specifications, Implementation and Administration o Feasibility Study
Redevelopment Project Costs. The Conditional Redeveloper shall be solely responsible for all Redevelopment Project costs, both ordinary and extraordinary, including but not limited to all predevelopment expenses, improvements outside of the Project Area (including improvements to Passaic Avenue, infrastructure and a contribution for the construction and maintenance of open space and a waterfront park along a portion of the Passaic River), environmental remediation of the Project Area as may be necessary, site work, building construction and renovation and landlord contributions to tenant improvement and affordable housing contributions. A more specific list of the infrastructure and other off site improvement costs to be paid by the Conditional Redeveloper shall be negotiated during the Conditional Designation Period to be included as part of the Redeveloper Agreement if the same is executed.
Redevelopment Project Costs. Except as may be otherwise available from Funding Sources, the Redeveloper will bear all costs of implementing and completing the Redevelopment Project, including the Municipal Costs.
Redevelopment Project Costs. The City and Authority shall be named as beneficiaries under such bond.
Redevelopment Project Costs. Except as may be otherwise available from Funding Sources, the Redeveloper will bear all costs of implementing and completing the Redevelopment Project, including the Township Costs, provided, however, Redeveloper shall not be obligated for the costs associated with the remediation of environmental matters that are the responsibility of the Department of the Navy.
Redevelopment Project Costs. (a) The City agrees to reimburse the Developer for the verified Reimbursable Project Costs, as set forth on Exhibit A hereto, upon provision of evidence to the City’s satisfaction of itemized invoices, receipts or other information demonstrating that the Developer has incurred Reimbursable Project Costs; provided the total reimbursements to the Developer or its successors or assigns under this Agreement shall not exceed the amount(s) set forth on Exhibit A.
(b) The Developer shall provide such information as the City may reasonably request, and shall make its books and records available to the City, for the City to confirm that any cost qualifies under this Agreement and has been incurred and paid by the Developer. The City may retain such consultants as it deems necessary in connection with such review, the cost of which shall be initially borne by the City but which is subject to reimbursement from TIF Revenues following reimbursement to the Developer hereunder.
(c) The City will apply money in the Special Allocation Fund to the payment of Reimbursable Project Costs on an “as collected” basis. The City shall seek disbursements from the Special Allocation Account quarterly or such other regular dates as shall be established which allow the City the opportunity to procure necessary information and perform required calculations. The Developer shall be given the opportunity to review information related to the amount deposited in the Special Allocation Fund and such other information as is publicly available, provided that in no event shall this Section be construed as to allow the Developer access to confidential or proprietary information of any kind, or information not otherwise publicly available as provided by law. The Developer understands that its sole source of repayment for Reimbursable Project Costs is TIF Revenues attributable to the Development Parcel and not any other money in the Special Allocation Fund.
(d) To assist the City in calculating TIF Revenues, the Developer shall provide to the City’s finance director its monthly or quarterly sales tax information in a form substantially similar to the sales tax returns filed by such seller with the Missouri Department of Revenue, together with any other information requested by the City from time to time.
Redevelopment Project Costs