Payment of the City’s Administrative Service Fee. The City shall be paid from the CID Sales Tax Fund an Administrative Service Fee in an amount equal to five percent (5%) of the total CID revenues generated within the District. The $5,000 application fee paid by Developer upon submission of this Agreement to the City shall be applied as a credit toward payment of the Administrative Service Fee.
Appears in 3 contracts
Samples: Community Improvement District Development Agreement, Development Agreement, Development Agreement
Payment of the City’s Administrative Service Fee. The City shall be paid from the CID Sales Tax Fund an Administrative Service Fee administrative service fee in an amount equal to five percent (5%) of the total CID revenues generated within the District. The $5,000 application fee paid by Developer upon submission of this Agreement to the City shall be applied as a credit toward payment of the Administrative Service Fee.administrative service fee
Appears in 1 contract
Samples: Development Agreement
