Examples of Verified Total Project Costs in a sentence
Verified Total Project Costs shall exclude the aggregate amount of all fees, general conditions and general requirements payable to the Contractor if and only to the extent that such aggregate amount exceeds eighteen percent (18%) of the construction costs as identified in the Budget.
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.
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.
Developer shall not include developer fees, tax credit partner fees or consultant fees for any service typically performed by the Developer in the Verified Total Project Costs.