Eligible Redevelopment Project Costs definition

Eligible Redevelopment Project Costs means those costs paid and incurred in connection with the Project which are authorized to be reimbursed or paid from the Fund as a loan as provided in Section 5/11-74.4-3(q) (2) and (3) of the TIF Act, including the rehabilitation, reconstruction, repair or remodeling of an existing building upon the Property.

Eligible Redevelopment Project Costs means those costs paid and incurred in connection with the Private Development Project which are authorized to be reimbursed or paid from the Fund as provided in Section 5/11-74.4-3(q) of the TIF Act.

Eligible Redevelopment Project Costs means those costs paid and incurred in connection with the Project which are authorized to be reimbursed or paid from the Fund as provided in Section 5/11-74.4-3(q)(2) and (3) of the TIF Act, including the acquisition of the Property and the rehabilitation, reconstruction, repair or remodeling of the existing building, fixtures and improvements upon the Property.

Examples of Eligible Redevelopment Project Costs in a sentence

• No such approval shall be denied except on the basis that the amount of the total Eligible Redevelopment Project Costs paid and incurred by the Developer have not been sufficiently documented as specified herein.

• The City shall have the obligations set forth in this Section 3.1 relative to financing Eligible Redevelopment Project Costs in connection with the Private Development Project.

• The City hereby designates the City’s Chief Administrative Officer (the “CAO”) as its representative to coordinate the authorization of disbursement of any annual Reimbursement Amounts for the Eligible Redevelopment Project Costs.

• Payments to the Developer of any Reimbursement Amounts for Eligible Redevelopment Project Costs shall be made upon request therefor, in form reasonably acceptable to the City (each being a “Requisition”), submitted by the Developer on or after September 1 in each calendar year in which any Reimbursement Amounts are or become reimbursable by the City under Section 3.1 of this Agreement.

• The City and the Developer agree that the Eligible Redevelopment Project Costs constituting the Reimbursement Amounts shall be paid solely, and to the extent available, from Incremental Property Taxes that are deposited in the Fund and not otherwise.

More Definitions of Eligible Redevelopment Project Costs

Eligible Redevelopment Project Costs means those costs paid and incurred in connection with the Project which are authorized to be reimbursed or paid from the Fund as provided in Section 5/11-74.4-3(q) of the TIF Act, including: (a) costs of studies, surveys, development of plans and specifications including but not limited to professional service costs for architectural, engineering, legal, financial, planning or other services; (b) property assembly costs, including the acquisition of the Property, site preparation, and the clearing and grading of land; (c) costs of the construction of public works or improvements; and (d) up to 30% per year of interest costs incurred by the Developer related to the construction of the Project subject to the total cost limitations of such interest payments as set forth in subparagraph (D) of such Section, 5/11-74.4-3(q)(11).

Eligible Redevelopment Project Costs means those costs paid and incurred in connection with the rehabilitation, reconstruction, repair or remodeling of the Private Development Project and which are authorized to be reimbursed or paid from the Fund as provided in Section 5/11-74.4-3(q) of the TIF Act.

Eligible Redevelopment Project Costs means those costs paid and incurred by the Developer which are incurred in connection with the acquisition of land or rights or interests therein, demolition of buildings and site preparation related to the Development Project Site and which are authorized to be reimbursed or paid from the Fund as provided in Section 5/11-74.4- 3(q)(2) of the TIF Act.

Eligible Redevelopment Project Costs means those costs paid and incurred in connection with Phase I, Phase II and Phase III of the Project which are authorized to be reimbursed or paid from the Fund as provided in Section 5/11-74.4-3(q) (2) and (3) of the TIF Act, including the partial demolition of an existing building and the subsequent rehabilitation, reconstruction, repair or remodeling of such building upon the Property.

Eligible Redevelopment Project Costs means those costs paid and incurred by the Developer in connection with property assembly costs, including but not limited to the acquisition of land and other property, real or personal, or rights or interests therein for the Development

Eligible Redevelopment Project Costs means those costs paid and incurred by the Developer in connection with the Development Project Site and the Development Project which are

Eligible Redevelopment Project Costs means those costs paid and incurred by the Developer in connection with the Development Project Site and the Development Project which are authorized to be reimbursed or paid from the Fund as provided in Section 5/11-74.4-3(q) of the TIF Act.