Administrative Costs definition
Examples of Administrative Costs in a sentence
Administrative Costs include data collection, supplies, equipment, management, rent, and reporting requirements and anything else needed to effectively run the program and reporting requirements and indirect costs attributable to an approved indirect cost rate.
In order to secure payment of the Administrative Costs, the Developer shall deliver to the Authority cash or a certified check in the amount of $15,000, such delivery to occur upon delivery by the Developer of Developer’s application for tax increment assistance.
For the purposes of this paragraph, Administrative Costs are considered to be incurred if they have been paid, relate to services performed, or are payable under a contract entered into, on or before the date of the notice of termination.
In addition, the Developer shall reimburse the City and the Authority for Administrative Costs, as hereafter defined.
In the event that the Administrative Costs exceed $64,892 in FY 2025 or FY 2026, The Town of ▇▇▇▇▇▇▇ will owe no portion of the deficiency unless the parties may subsequently agree.