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 has the meaning assigned to such term in the Developer Agreement.
Examples of Developer Fees in a sentence
Note: deferred Developer Fees are not considered “waived fees.” Developer Fee and General Contractor fee must be disclosed.
For purposes of this Developer Fee limit, Total Project Costs do not include Developer Fees, Project reserves or land costs.
Applications with “soft loans” (e.g., Affordable Housing Program, Deferred Developer Fees) must adequately explain the repayment terms.
If the project involves acquisition and rehabilitation, the applicant will need to breakdown the cost percentage attributed to acquisition versus rehabilitation for costs such as Developer Fees.
Total project costs are not limited to the Project Finance Limits; however, SDHDA will utilize them as the basis for the calculation of SDHDA financing and Developer Fees.
More Definitions of Developer 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,
Developer Fees shall have the meaning set forth in Section XII(K), and include without limitation Fire Development Fees, Police Development Fees, Park Development Fees, Library Development Fees, School Development Fees, and Road Development Fees.
Developer Fees shall have the meaning provided in section 2.2(b).
Developer Fees shall have the meaning set forth in Article XII.E. “Development Rights” shall mean the rights of the Owner or Developers to undertake or engage in the Development of all or any portion of the Property in accordance with the Zoning Regulations and this Agreement.
Developer Fees means the fees for the Project to be paid by Developer to the entity that will serve as the administrative general partner of the limited partnership that will develop the Project pursuant to this Agreement, which fees are compensation to perform, or to engage and supervise others to perform, services in connection with the negotiating, coordinating, and supervising the planning, architectural, engineering and construction activities necessary to cause completion and complete the Project, including all other on- site and off-site improvements required to be constructed in connection therewith, in accordance with the Scope of Development and the Entitlements, as set forth in the approved Construction Budget and the Approved Financing. The Developer Fees consist of the Developer Fee, the Deferred Developer Fee and the Deferred Developer Fee Payable from Residual Receipts.
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 do not mean or include Processing 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.