Reimbursement of Project Costs. The Secretary agrees to reimburse the City fifty percent (50%) of the total actual costs of construction (which includes the costs of all construction contingency items) and construction engineering, but not to exceed $200,000.00, as the Secretary’s total share of the cost to construct the Project. The Secretary shall not be responsible for the total actual costs of construction (which includes the costs of all construction contingency items) and construction engineering that exceed $400,000.00. The Secretary shall not be responsible for the total actual costs of preliminary engineering, utility adjustments, or items not participating in the XXXXX Resurfacing Program.
Reimbursement of Project Costs. Subject to the limitations set forth in this Agreement, including the restrictions set forth in Section 4.07, the City shall reimburse the Developer for all certified Developer Reimbursable Project Costs which do not exceed the limitations on Developer Reimbursable Project Costs set forth in Section 3.01, under the conditions and restrictions set forth in this Agreement, plus all Advanced Funds. The Parties agree that reimbursement will occur on a “pay as you go” basis as revenues are collected in the Special Allocation Fund in accordance with this Agreement. The City shall have no obligation to reimburse Developer until funds are available in the Special Allocation Fund or from any funds other than those funds in the Special Allocation Fund. In connection with the Work associated with the Redevelopment Project, the Developer shall submit an Application for Reimbursable Project Costs in substantial compliance with Exhibit F for any Developer Reimbursable Project Costs. The City will not reimburse the Developer for any cost that is not a “redevelopment project cost” under Section 99.805(15) of the TIF Act and which does not fall within one of the categories of Developer Reimbursable Project Costs shown in the Project Budget. The City shall make reimbursements from the Special Allocation Fund in the order of priority set forth in Section 4.07.
Reimbursement of Project Costs. In accordance with the ITS Set-Aside Project guidelines, the Secretary agrees to reimburse the City for fifty five percent (55%) of the total actual and eligible costs incurred by the City for the Project, but not to exceed $129,250 for the Project. The Secretary shall not be responsible for the total actual costs that exceed $235,000 for the Project.
Reimbursement of Project Costs. ACHD shall reimburse Developer the Project Costs pursuant to the Reserve at Deer Valley Extraordinary Impact Fee Agreement.
Reimbursement of Project Costs. 1. The Recipient will be reimbursed in accordance with the terms of a Grant Agreement between the Government (MARAD) or other specified form or agreement as determined by the Government that incorporates this agreement by reference.
Reimbursement of Project Costs. Pursuant to 49 C.F.R. 18.21(d) or 19.22(e), as applicable, the Grantee may request reimbursement of costs incurred in the performance hereof as are allowable under the applicable cost provisions, not-to-exceed the funds currently available as stated in this Agreement, and in accordance with the provisions of section 4(d)(3) of Attachment 1.
Reimbursement of Project Costs. Except as set forth in subsection (c) below, City will reimburse the Foundation for costs of the Project in an amount up to $125,000. Of this amount, $25,000 is specifically designated as the City’s contribution to the utility relocation costs to be funded by the Foundation pursuant to Section 3(c) described below. The Foundation understands and agrees that City’s reimbursement of Foundation’s costs described herein is wholly contingent upon the Foundation completing Phases One and Two of the Project by November 30, 2022, unless the delay is an excusable delay. An excusable delay is one caused by a “Force Majeure Event” meaning unforeseeable causes beyond Foundation’s control and without its fault or negligence, including, but not limited to, governmental action or inaction, war, acts of nature, riots, fires, floods, earthquakes, strikes, lockouts, or freight embargoes. If there is not an excusable delay as defined herein, and the Foundation does not achieve completion of Phases I and II by November 30, 2022, the City shall have no obligation to reimburse the Foundation for the costs of the Project, and this Agreement shall terminate immediately. Upon timely completion of Phases One and Two, the Foundation shall submit invoices and adequate supporting documentation to the City, and the City shall make such reimbursement payments. The Foundation acknowledges and agrees that, except as provided in subsection (c) below, the City’s funding commitment is absolutely limited to the above-referenced $125,000.
Reimbursement of Project Costs. The County covenants to cause the County Authority to reimburse the Municipalities, out of proceeds derived from sale of the Initially Issued Bonds or, if applicable, out of proceeds derived from sale of Additional Bonds or out of other legally avail- able funds, for all sums paid or costs incurred by the Municipalities, if any, which properly are chargeable as Costs (as defined in the Indenture) of the Project.
Reimbursement of Project Costs. The District understands and agrees that ARTA does not currently have sufficient appropriated funds to fund the Project or to reimburse the District for costs associated with the Project expected to be expended by the District hereunder. Subject to the availability of adequate funds and appropriation by the Board of Directors of ARTA, and on the express condition precedent that the GVRE Property is included into the boundaries of ARTA, ARTA agrees to reimburse the District for actual costs incurred to complete the Project as follows:
Reimbursement of Project Costs. Developer shall not be required to advance any of its own funds for the payment of any costs and expenses incurred by or on behalf of Owner in connection with Project, but if Developer advances Developer’s own funds or intends to make payment of any of such costs and expenses covered by the Development Budget or that Developer is permitted to incur hereunder, Owner, subject to the provisions of Article 5 hereof, agrees to reimburse or advance to Developer the funds for such costs and expenses. The amounts to be reimbursed or advanced by Owner to Developer pursuant to this Section 12.5 shall be paid monthly, within thirty (30) calendar days after receipt by Owner of a statement therefore accompanied by such supporting documentation as Owner shall reasonably require or, if such supporting documentation is not available due to the nature of the cost or expense incurred, an explanation in reasonable detail from Developer of the costs and expenses to be reimbursed. Among the costs and expenses for Project to be reimbursed or advanced by Owner to Developer are the following: (a) all construction and permitting costs incurred or to be incurred by Developer on behalf of Project as previously approved by Owner as part of the Development Budget and/or modifications thereto; and (b) fees and disbursements for third parties as previously approved by Owner as part of the Development Budget and/or modifications thereto, including, without limitation, architects, attorneys, consultants, engineers and other Specialists and Consultants engaged by Developer in the performance of work relating to Project or in connection with the performance of its obligations hereunder and the on-site manager engaged by or on behalf of Owner to oversee construction and development of Project; provided, however, that Owner retains the right to direct Developer to hold back advances to any such third party which are disputed by Owner, but in such event Owner shall defend, hold harmless and indemnify Developer against any claim, loss, cost or expense related thereto or arising therefrom. If and to the extent Developer advances such costs from its own account (which Developer shall have no obligation to do) then, regardless of any subsequent dispute by Owner with the third-party payee over such costs and expenses, Owner shall reimburse Developer for such costs within thirty (30) days after being billed for such costs by Developer.
