Verified Total Project Costs means the sum total of all reasonable or necessary costs incurred in connection with the Redevelopment Project, and any such costs incidental to the Redevelopment Project or the Work, including, but not limited to, all Acquisition Costs, Redevelopment Project Costs and Reimbursable Redevelopment Project Costs, as limited by the provisions of Section 4.3 hereof.
Verified Total Project Costs means the sum total of all reasonable or necessary costs incurred by the Developer (and a tenant or purchaser of a site within the Redevelopment Area) in connection with, or incidental to, the Redevelopment Project and verified to the City’s satisfaction pursuant to Section 5.6; provided, however, that (a) the Developer shall not include developer fees, project management, construction management, property acquisition fees or consultant fees for any service performed by or fee charged by the Developer or a Related Party in the Verified Total Project Costs and (b) with respect to any other costs for any services provided by the Developer or any entity related to Developer, the amount of such costs shall not exceed an amount determined by the City as acceptable.
Verified Total Project Costs means the total of all documented, reasonable, necessary and direct costs incurred in performing the Work and completing the Project, as certified by the Redeveloper to the Authority, excluding, however, the Developer Fee or other amounts of a type neither approved by the Authority nor permitted under this Agreement, as limited by the provisions of Section 4.08 hereof.
Examples of Verified Total Project Costs in a sentence
Prior to the issuance of the TIF Notes, the Developer shall furnish to the City a statement of Verified Total Project Costs, which shall be in substantially the same format as the budget set forth as Exhibit H, attached hereto and incorporated herein by reference.
Within one year following the Developer’s submission of a Certificate of Substantial Completion in accordance with Section 3.12 for its last possible Phase (or at any point prior to such time as Developer shall desire), the Developer shall furnish to the City a statement of Verified Total Project Costs incurred to such point.
The Developer or applicable Sub-Developer shall not include developer fees, project management fees or consultant fees for any service typically performed by the Developer or Sub-Developer in the Verified Total Project Costs.
If requested by the City or SLDC, the Developer or applicable Sub-Developer shall also submit an affidavit as to the accuracy of the statements as to the costs, the relationship of any payee to the Developer or the Sub-Developer, the accuracy of the statements as to the amounts and types of tax credits received or other funding sources received, and the veracity of any other aspect of the statements of Verified Total Project Costs or Post-Completion Funding Sources.
More Definitions of Verified Total Project Costs
Verified Total Project Costs means the sum total of all reasonable or necessary costs incurred or caused to be incurred (which, for the purposes of clarity, includes costs incurred by unrelated third parties which Developer or its Related Party requires to be expended pursuant to contract) by the Developer in connection with, or incidental to, the Redevelopment Project and verified to the City’s satisfaction pursuant to Section 5.6, including, without limitation, the costs of acquiring the D3 Property, Redevelopment Project Costs and any costs associated with the District Project; provided, however, that with respect to any other costs for any services provided by the Developer or any entity related to Developer, the amount of such costs shall not exceed an amount determined by the City as acceptable.
Verified Total Project Costs means the sum total of all reasonable or necessary costs incurred by the Developer (and a tenant or purchaser of a site within the Redevelopment Area) in connection with, or incidental to, the Redevelopment Project and verified to the City’s satisfaction pursuant to Section 5.6; provided, however, that (a) the Developer shall not include
Verified Total Project Costs means the sum total of all reasonable or necessary costs incurred, and any such costs incidental to the Redevelopment Project or the Work, including, but not limited to, all Acquisition Costs, Issuance Costs, Redevelopment Project Costs and Reimbursable Redevelopment Project Costs, as limited by other paragraphs in this Section 1.1. “Work” means all work necessary to prepare the Redevelopment Area and to construct or cause the construction and completion of the Redevelopment Project described in the Redevelopment Plan and this Agreement, including but not limited to: (1) property acquisition; (2) site preparation and environmental remediation; (3) construction, reconstruction, renovation and/or rehabilitation of the building within the Redevelopment Area into residential units and commercial space; (4) construction, reconstruction, renovation and/or rehabilitation of the building’s exterior, (5) construction, reconstruction, renovation and/or rehabilitation of related infrastructure and/or public improvements, including without limitation surrounding roads, sidewalks, sewer, water, electrical, parking and other utilities; (6) professional services, including, but not limited to, architecture, engineering, surveying, financing, legal, planning and consulting; (7) and all other work described in the Redevelopment Proposal, Redevelopment Plan and this Agreement, or reasonably necessary to effectuate the intent of this Agreement.
Verified Total Project Costs means the sum total of all reasonable or necessary Costs Incurred by Developer and/or any Related Party in connection with the Development Project and/or the Work including, but not limited to, the aggregate site preparation, public improvements and construction costs associated with the Development Project (as more particularly described in items (a) and (b) on Exhibit B), the aggregate soft costs associated with the Development Project (as more particularly described in items (d) and (e) on Exhibit B), the aggregate financing costs associated with the Development Project (as more particularly
Verified Total Project Costs means the sum total of all reasonable or necessary costs incurred, and any such costs incidental to anthe 4731 Delmar Project or the 4800 Delmar Project, as applicable Sub-Project, including, but not limited to, all Acquisition Costs, Redevelopment Project Costs and Reimbursable Redevelopment Project Costs in connection with the Sub-4731 Delmar Project or the 4800 Delmar Project, as limited by the provisions of Section 4.3.
Verified Total Project Costs means the sum total of all reasonable or necessary costs incurred, and any such costs incidental to the Redevelopment Project or the Work, including, but not limited to, all Acquisition Costs, Redevelopment Project
Verified Total Project Costs means the sum total of all reasonable or necessary costs incurred, and any such costs incidental to the Work, including but not limited to, all Acquisition Costs, Issuance Costs, Redevelopment Project Costs and Reimbursable Redevelopment Project Costs, as limited by other paragraphs in this Section 1.1.