City Administrative Fee definition

City Administrative Fee means one percent (1%) of the par amount of the Bonds to be paid from the proceeds of the Bonds on the Issue Date.

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City Administrative Fee means that annual fee to the City during the RHID Term provided by Section 4.06 hereof, equal to the lesser of (a) $15,000 or (b) the amount of RHID Incremental Tax Revenues held in the RHID Increment Fund.

City Administrative Fee means an amount equal to five percent (5%) of the total annual CID Sales Tax Revenues received by the City.

Examples of City Administrative Fee in a sentence

Developer acknowledges that the City Administrative Fee will not be accessible for use by the City until the effective date of Project Plan 1.
All disbursements from the Tax Increment Fund shall be made only to pay Redevelopment Project Costs and the City Administrative Fee provided in Section 7.02.
All Incremental Tax Revenues received by the City after payment of the City Administrative Fee and expenses provided in Section 7.02 shall be deposited into the Tax Increment Fund.
Developer will be responsible for payment of such reasonable Third Party Expenses as set forth in this Section but only to the extent the Third Party Expenses incurred in any calendar year exceed the City Administrative Fee received by the City during such calendar year.
The City shall have no obligation to reimburse Developer unless at least ten thousand dollars ($10,000) is available in the Tax Increment Fund after accounting for the City Administrative Fee.

More Definitions of City Administrative Fee

City Administrative Fee means an amount equal to five percent (5%) of the total annual CID Sales Tax Revenues received by the City and applied as set forth in Article VI hereof.

City Administrative Fee means an amount equal to 5% of the Project Costs.

City Administrative Fee means the on-going administrative service fee of the City an amount not to exceed equal to 5% of the total Project Costs.

City Administrative Fee means an amount equal to 5% of the Eligible Costs.

City Administrative Fee means the amount of the City administrative fee specified in the Fee Resolution.

City Administrative Fee means the annual fee payable to the City from funds held in the Tax Increment Fund as set forth in Section 7.02.

City Administrative Fee means an administrative fee to compensate the City for internal City costs incurred in connection with the formation of the CFD, the issuance of Bonds and the administration of this Agreement of one and one-half of one percent (1.50%) of the aggregate of the Budgeted Amounts of the Acquisition Improvements, whether paid for with the proceeds of the Bonds or with the special tax revenues, due to the City upon Acquisition of each Acquisition Improvement or, with respect to Acquisition Improvements to be funded with the proceeds of the Bonds, upon the issuance and delivery of each series of the Bonds.