Developer Fees has the meaning set forth in Section 15.1.
Developer Fees means those monetary fees, exactions, or impositions, other than taxes, whether established for or imposed upon the Project individually or as part of a class of projects, that are established, adopted, or imposed by City on the Project in connection with any Project Approval for the Project for any purpose, including, without limitation, defraying all or a portion of the cost of public services and/or facilities construction, improvement, operation and maintenance attributable to the burden created by the Project. Any fee, exaction or imposition imposed on the Project which is not a Processing Fee is a Developer Fee. Such fees may include impact fees, linkage fees, exactions, assessments, fair share charges, or other similar impact fees imposed by City on or in connection with new development. Developer Fees do not mean or include Processing Fees.
Developer Fees means the fee earned by the Developer of a Development. Developer Fees include Developer overhead, Developer profit, and the contingency reserve. Developer Fees are not included in the calculation of Total Development Costs. For new construction Developments, Developer fees shall be limited to 20 percent of Total Development Costs, excluding land costs and any reserves required by lenders. For acquisition and rehabilitation Developments, Such fee Developer fees shall be limited to 16 15 percent of Total Development Costs excluding land and building acquisition costs. A Developer Fee on the building acquisition cost shall be limited to 4% of the cost of the building(s) exclusive of land cost. Consulting fees, if any, must be paid out of the Developer Fee. Consulting fees include, for example, payments for Application consultants, construction management or supervision, or local government consultants. Fees for the Applicant’s attorney(s) which are in excess of an amount equal to the greater of $40,000 or 0.75% of the total amount of the Bonds must also be paid out of the Developer Fee. Fees for services provided by architects, accountants, appraisers, engineers or Financial Advisors may be included as part of the Total Development Costs, except those fees for a Financial Advisor that are in excess of $10,000 must be paid out of the Developer Fee before Developer overhead, profit and acquisition costs, and any reserves required by lenders, plus five percent of total acquisition costs. For the purpose of the HUD Risk Sharing Program, if there exists an Identity of Interest relationship as defined herein between the Applicant,
Examples of Developer Fees in a sentence
Concurrently with the date of the termination of this Development Agreement, and following the payment of all Developer Fees and expenses due and owing to Developer under the terms of this Development Agreement, Developer shall deliver to or at the direction of the DDA, (i) all keys and other items providing for access to the Project, and (ii) possession of the Project, including vacation of any space in the Project occupied by Developer or its agents.
If the DDA shall fail to pay the Developer Fees on time as set forth on Schedule 5.01(a), such amount shall thereafter accrue interest at one and [one-half percent (1.5%)] per month from until paid.
Upon notice of termination by any Party for any reason, Developer will submit to the DDA an estimate of the additional liabilities and obligations incurred by the Project through the Termination Date, and all other obligations of the DDA hereunder (including without limitation all Unpaid Developer Fees).
More Definitions of Developer Fees
Developer Fees shall have the meaning set forth in Section XI(D), and include without limitation Fire Development Fees, Police Development Fees, Park Development Fees, Public Works Development Fees, Community Facility Development Fees, and Administrative Development Fees.
Developer Fees means those fees established, adopted, or imposed by the City pursuant to Section 66000-66008, of the Government Code of the State of California or the California Subdivision Map Act to offset the impact of development on the City’s capital facilities. Such fees may include impact fees, linkage fees, exactions, assessments, fair share charges, or other similar impact fees imposed by the City on or in connection with new development. Developer Fees shall also include fees levied by other public entities and required to be collected by the City. Developer Fees do not mean or include Processing Fees.
Developer Fees. Any developer fee awarded in connection with any Project will be allocated proportionately between the Parties, with [SENIOR PARTNER] receiving [X%] and [JUNIOR PARTNER] receiving [X%].
Developer Fees has the meaning assigned to such term in the Developer Agreement.
Developer Fees has the meaning assigned to such term in the Developer Agreement. DHS 2 LLC Limited Liability Company Agreement
Developer Fees has the meaning set forth in Paragraph 3(a).
Developer Fees has the meaning set forth in Section 4.01(a).