Common use of Compensation to Developer Clause in Contracts

Compensation to Developer. In consideration of DEVELOPER’s performance of services hereunder, DISTRICT agrees to: Reimburse DEVELOPER in the total amount not to exceed Dollars ($ ), for the performance of services contemplated by this Agreement. DEVELOPER shall be paid monthly for the actual fees and allowed costs and expenses for all time and materials required and expended for work requested and specified by the DISTRICT as completed. Said amount shall be paid within thirty (30) days upon submittal to and verification by the DISTRICT of a monthly billing statement showing completion of the tasks for that month on a line item basis. In the event DEVELOPER and DISTRICT enter into the lease/leaseback agreements for the development of the Project, this compensation for services rendered will be included as part of the Guaranteed Maximum Price to be paid to DEVELOPER by DISTRICT. DEVELOPER shall be responsible for any and all costs and expenses incurred by DEVELOPER, including but not limited to the costs of hiring sub-consultants, sub-contractors and other professionals, review of the Project’s Plans and Specifications, review and preparation of necessary documentation relating to the development of the Project, all travel-related expenses, as well as for meetings with DISTRICT and its representatives, long distance telephone charges, copying expenses, salaries of DEVELOPER staff and employees working on the Project, overhead, and any other reasonable expenses incurred by DEVELOPER in performance of the services contemplated by this Agreement.

Compensation to Developer. In consideration of DEVELOPER’s performance of services hereunder, DISTRICT agrees to: Reimburse DEVELOPER in the total amount not to exceed Five thousand Dollars ($ $_5000.00), for the performance of services contemplated by this Agreement. DEVELOPER shall be paid monthly for the actual fees and allowed costs and expenses for all time and materials required and expended for work requested and specified by the DISTRICT as completed. Said amount shall be paid within thirty (30) days upon submittal to and verification by the DISTRICT of a monthly billing statement showing completion of the tasks for that month on a line item basis. In the event DEVELOPER and DISTRICT enter into the lease/leaseback agreements for the development of the Project, this compensation for services rendered will be included as part of the Guaranteed Maximum Price to be paid to DEVELOPER by DISTRICT. DEVELOPER shall be responsible for any and all costs and expenses incurred by DEVELOPER, including but not limited to the costs of hiring sub-consultants, sub-contractors and other professionals, review of the Project’s Plans and Specifications, review and preparation of necessary documentation relating to the development of the Project, all travel-related expenses, as well as for meetings with DISTRICT and its representatives, long distance telephone charges, copying expenses, salaries of DEVELOPER staff and employees working on the Project, overhead, and any other reasonable expenses incurred by DEVELOPER in performance of the services contemplated by this Agreement.

Compensation to Developer. In consideration of DEVELOPER’s DEVELOPER performance of services hereunder, DISTRICT agrees to: Reimburse DEVELOPER in the total amount not to exceed FOUR HUNDRED SEVENTY- FIVE THOUSAND Dollars ($ ), $475,000. ) for the performance of services contemplated by this Agreement. DEVELOPER shall be paid monthly for the actual fees and allowed costs and expenses for all time and materials required and expended for work requested and specified by the DISTRICT as completed. Said amount shall be paid within thirty (30) days upon submittal to (and verification by by) the DISTRICT of a monthly billing statement showing completion of the tasks for that month on a line item basis. In the event DEVELOPER and DISTRICT enter into the lease/leaseback agreements for the development of the Project, this compensation for services rendered will be included as part of the Guaranteed Maximum Price to be paid to DEVELOPER by DISTRICT. DEVELOPER shall be responsible for any and all costs and expenses incurred by DEVELOPER, including but not limited to the costs of hiring sub-consultants, sub-contractors and other professionals, review of the Project’s , Plans and Specifications, review and preparation of necessary documentation relating to the development of the Project, all travel-related expenses, as well as for meetings with DISTRICT and its representatives, long distance telephone charges, copying expenses, salaries of DEVELOPER staff and employees working on the Project, overhead, and any other reasonable expenses incurred by DEVELOPER in performance of the services contemplated by this Agreement.