Developer Deposit. The City will provide Developer with an itemized monthly invoice for Processing Costs, including staff time and invoices from contracted consultants, if any, commencing on the fifth day of the month following the first month during which the City incurs Processing Costs. Developer shall pay the City’s invoice on or before the 20th day (or fifteen days after mailing of the invoice by the City, whichever is later), subject to the provisions of the Memorandum of Understanding paragraph 2.6, together with any additional amounts required to maintain the required credit balance as required by Memorandum of Understanding paragraph 2.3. If any sum required to be paid hereunder is not timely remitted, the City may suspend processing until payment is made, and/or may terminate the Memorandum of Understanding and require the deposit of the full estimated amount of Processing Costs.
Developer Deposit. The City will provide Developer with an itemized monthly invoice for Processing Costs, including staff time and invoices from contracted consultants, if any, commencing on the fifth day of the month following the first month during which the City incurs Processing Costs. Developer shall pay the City’s invoice on or before the 20th day (or fifteen days
Developer Deposit. The City will provide Developer with an itemized monthly invoice for Processing Costs, including staff time and invoices from contracted consultants, if any, commencing on the fifth day of the month following the first month during which the City incurs Processing Costs. Developer shall pay the City’s invoice on or before the 20th day (or fifteen days after mailing of the invoice by the City, whichever is later), subject to the provisions of the Memorandum of Understanding paragraph 2.6, together with any additional amounts required to maintain the required credit balance as required by Memorandum of Understanding paragraph 2.3. If any sum required to be paid hereunder is not timely remitted, the City may suspend processing until payment is made, and/or may terminate the Memorandum of Understanding and require the deposit of the full estimated amount of Processing Costs. The City’s initial estimate for the fees, costs and charges is set forth below. Developer shall deposit the total amount indicated upon execution of this Agreement:
Developer Deposit. The Developer shall deposit with the City upon execution of this Agreement the amount of the City’s initial estimate of certain fees, costs and charges associated with this Agreement. Should the actual amount of these fees, costs or charges exceed the amount deposited, the City may, at the end on the month in which the fees, costs and charges exceed the deposit, provide an updated written estimate to the Developer. Within fifteen (15) days of receiving the new estimate, the Developer shall deposit with the City an amount equal to the difference between the City’s new estimate and the amount previously deposited by the Developer. Deposits not made within fifteen (15) days shall bear interest at 12% per month or portion thereof until paid. No Extension shall be connected to the City’s systems until all fees, charges, and other costs due under this Agreement are paid in full by the Developer. The City’s initial estimate for the fees, costs and charges is set forth below. The Developer shall deposit the total amount indicated upon execution of this Agreement: Phase 1 1. Administrative $ 500.00 (Estimate) 2. Remaining Engineering Services $ 10,000.00 (Estimate) 3. Construction Inspection $ 70,000.00 (Estimate) 4. Legal Services $ 2,000.00 (Estimate) 5. Final Plat Processing $ 10,000.00 (Estimate) 6. Construction Cash $ 0.00 7. Other Costs $ 0.00 TOTAL DEPOSIT $ 92,500.00
Developer Deposit. The City will provide Developer with an itemized monthly invoice for Processing Costs, including staff time and invoices from contracted consultants, if any, commencing on the fifth day of the month following the first month during which the City incurs Processing Costs. Developer shall pay the City’s invoice on or before the 20th day (or fifteen days after mailing of the invoice by the City, whichever is later), subject to the provisions of the Memorandum of Understanding paragraph 2.6, together with any additional amounts required to maintain the required credit balance as required by Memorandum of
Developer Deposit. Within five (5) days of the Effective Date, Developer will provide the County a refundable Deposit of seventy-five thousand dollars ($75,000).
Developer Deposit. The Developer shall deposit the Developer Deposit with Escrow Holder. Within ten (10) business days after the City’s and WRSA execution and delivery of the DDA.
Developer Deposit. The City will provide Developer with an itemized monthly invoice for Processing Costs, including staff time and invoices from contracted consultants, if any, commencing on the fifth day of the month following the first month during which the City incurs Processing Costs. Developer shall pay the City’s invoice on or before the 20th day (or fifteen days after mailing of the invoice by the City, whichever is later), subject to the provisions of the Memorandum of Understanding paragraph 2.6, together with any additional amounts required to maintain the required credit balance as required by Memorandum of Understanding paragraph 2.3. If any sum required to be paid hereunder is not timely remitted, the City may suspend processing until payment is made, and/or may terminate the Memorandum of Understanding and require the deposit of the full estimated amount of Processing Costs. Developer shall deposit with the City upon execution of this Agreement the amount of the City’s initial estimate of certain fees, costs, and charges associated with this Agreement. Should the actual amount of these fees, costs, or charges exceed the amount deposited, the City shall, at the end on the month in which the fees, costs, and charges exceed the deposit, provide an updated written estimate to the Developer. Within fifteen (15) days of receiving the new estimate, Developer shall deposit with the City an amount equal to the difference between the City’s new estimate and the amount previously deposited by Developer. Deposits not made within fifteen (15) days shall bear interest at 12% per month or portion thereof until paid. No Extension shall be connected to the City’s systems until all fees, charges, and other costs due under this Agreement are paid in full by the Developer. The City’s initial estimate for the fees, costs, and charges is set forth below. Developer shall deposit the total amount indicated upon execution of this Agreement:
Developer Deposit. Developer shall pay to the Authority $10,000, which represents the agreed upon Developer Deposit to be paid to underlying owner. Within 15 days of the Effective Date.
Developer Deposit. Developer shall deposit with the City upon execution of this Agreement the amount of the City’s initial estimate of certain fees, costs and charges associated with this Agreement. Should the actual amount of these fees, costs or charges exceed the amount deposited, the City shall, at the end on the month in which the fees, costs and charges exceed the deposit, provide an updated written estimate to the Developer. Within fifteen
