Development Charge. Development costs of an insurance program shall be funded by a development charge, as established by the Board of Directors. The development charge shall be paid by each participant in the program following the program’s adoption by the Board. Development costs are those costs actually incurred by the Authority in developing a program for review and adoption by the Board of Directors, including but not limited to: research, feasibility studies, information and liaison work among participants, preparation and review of documents, and actuarial and risk management consulting services. The development charge may also include a share of Authority general expenses, as allocated to the program development function. The development charge shall be billed by the Authority to all participants in the program upon establishment of the program and shall be payable in accordance with the Authority’s invoice and payment policy. Upon the conclusion of program development: any deficiency in development funds shall be billed to all participants which have paid the development charge, on a pro-rata or other equitable basis, as determined by the Board; any surplus in such funds shall be transferred into the Authority's general expense funds.
Development Charge. Development costs of a program shall be funded by a development charge, as determined by the Board of Trustees, to be paid by each Member joining in the development of the program and thereby reserving the option to participate in the program following its adoption by the Board. Development charges are those costs incurred by the Public Agency Compensation Trust in developing a program for subsequent review and adoption by the Board, including, but not limited to research, feasibility studies, information and liaison work among Public Agencies, preparation and review of documents, and actuarial and risk management consulting services, and may also include a share of the Pool’s general expense as allocated by the Board of Trustees.
Development Charge. The amount of the development charge payable by the Applicant has been calculated on the basis of the following information: Type Units / m2 of Gross Floor Area (A) Development Charges Rate (B) Development Charges Payable (A) * (B) Single & Semi-Detached Multiples / Town Homes Apartments 1 Bedroom/Bachelor 96 $2,120.70 $203,587.20 Apartments >= 2 Bedrooms 30 $2,615.90 $78,477.00 Non-Residential 25,295 sq ft $0.59 $ 14,924.05 TOTAL $296,988.25
Development Charge. Every Subsequent Contract shall require the Subsequent Customer to pay to the Authority a Development Charge to recognize that Charter Customers invested the time and money necessary to enable the Authority to acquire a Potable Water supply, and that the Subsequent Customers did not bear these burdens which were borne solely by the Charter Customers. A Subsequent Customer’s Development Charge shall be determined based upon the number and sizes of water meters served by the Subsequent Customer. For each water meter served, the Subsequent Customer shall pay a charge equal to $50.00 multiplied by a factor determined by the size of the water meter, with a maximum fee of $260.00 per meter. The size of the meter, the appropriate factor, and the resulting development charge for that meter is as set forth in Exhibit D. A Subsequent Customer’s total Development Charge shall equal the sum of all charges on all water meters served by the Subsequent Customer, plus interest. Interest shall accrue on this amount from December 1, 2003 until the date of the Subsequent Contract. The rate of interest shall equal the sum of the weighted average effective interest rate on all series of Bonds of the Authority any of which are outstanding on the date of the Subsequent Contract plus two percent (2%). [Revised by Second Amendment to Contract effective 11/14/07]
Development Charge. Development costs of an insurance program shall be funded by a development charge as fixed by the Executive Board. The development charge shall be paid by each Member Agency which wishes to join in development of the program, after receipt of information as estimated on the cost and scope of the program, and thereby reserve the option to participate in the program following its adoption by the Board of Directors. Development costs are those costs incurred by the Authority in developing a program for review and adoption by the Board of Directors, including but not limited to: research, feasibility studies, information and liaison work among Districts, preparation and review of documents, and actuarial and risk management consulting services. The development charge may also include an equitable share of Authority general expense incurred in the development function. Upon the conclusion of program development: any deficiency in development funds shall be billed to all Member Agencies which have paid the development charge, on a pro-rata or other equitable basis, as determined by the Executive Board; and any surplus in such funds shall be transferred into the loss reserve fund for the program, or, if the program is not implemented, into the Authority's general fund.
Development Charge. Integrator agrees to pay Xxxxxx Mae the below charge for Xxxxxx Mae’s work in connection with development of the corresponding Interface described in Exhibit C- , due on the date(s) set forth below. INTERFACE PRODUCT XXXXXX MAE SERVICE DEVELOPMENT CHARGE DUE
