CID Costs Cap definition
CID Costs Cap means initially $3,200,000 (subject to adjustment as set forth in Section 3.01), plus interest thereon as described in Section 4.04 at a rate not to exceed the Developer’s actual cost of borrowing, such borrowing cost to be evidenced by the Developer to the reasonable satisfaction of the City. The CID Administrative Service Fee will not be applied against the CID Costs Cap.
CID Costs Cap means $530,000. The CID Administrative Fee will not be applied against the CID Costs Cap.
CID Costs Cap means the maximum amount of CID Eligible Costs that may be reimbursed to Developer through the CID Sales Tax Fund, which shall be $1,600,000.00, exclusive of the City’s Administrative Fee.
Examples of CID Costs Cap in a sentence
The Developer shall be solely responsible for and will pay the costs of the Project, subject to the terms and conditions of this Agreement including, without limitation, the Developer’s right to reimbursement of CID Eligible Project Costs from CID Sales Tax Revenues up to the CID Costs Cap and reimbursement of TIF Eligible Costs from Incremental Tax Revenues up to the TIF Costs Cap.
In no event will Developer be reimbursed from the CID Fund in an amount in excess of the CID Costs Cap.
More Definitions of CID Costs Cap
CID Costs Cap means $930,000, as more particularly set forth on Exhibit L hereto and limited by Section 5.03, which shall apply to the actual costs of the CID Improvements and the Other Eligible Expenses, but will not apply to the City’s Administrative Service Fee.
CID Costs Cap means $3,600,000, which shall apply to CID Improvement Costs, but will not apply to the State Administrative Fee, the City Administrative Fee or the City Expense Fee.
CID Costs Cap means $4,875,000.
CID Costs Cap means $8,326,250, as more particularly set forth on Exhibit C hereto, which shall apply to the actual costs of the CID Improvements and the Other Eligible Expenses, but will not apply to the City’s Administrative Service Fee.