Examples of Redevelopment Project Costs in a sentence
To the extent Developer certifies Redevelopment Project Costs in excess of the North Project TIF Cap, such excess (the “TIF Excess”) shall be attributed to those Redevelopment Project Costs that are also certified as TDD Costs (regardless of when certified).
The Developer agrees to advance all Redevelopment Project Costs and TDD Costs as necessary to complete the Project, all subject to the Developer’s right to terminate this Agreement as set forth in Section 9.04.
The Developer agrees that, up to one year after completion of the Project, the City, with reasonable advance notice and during normal business hours, shall have the right and authority to review, audit, and copy, from time to time, all the Developer’s books and records relating to the Redevelopment Project Costs and TDD Costs (including, but not limited to, all general contractor’s sworn statements, general contracts, subcontracts, material purchase orders, waivers of lien, paid receipts and invoices).
The City shall make payments for reimbursement of Redevelopment Project Costs from the Tax Increment Fund on a Pay As You Go basis in the order of priority set forth in Section 6.01.
No disbursement from the Tax Increment Fund shall offset or affect the outstanding reimbursable balance of TDD Costs unless and until the Tax Increment Fund reimburses Developer for Redevelopment Project Costs that are also certified as TDD Costs, plus interest.