Developer Contribution definition
Examples of Developer Contribution in a sentence
If the Estimated Developer Contribution was greater than the exact amount of the Developer Contribution, the difference between the amount paid and the Estimated Developer Contribution shall be credited to the Developer against future payments due to the School District or, if no future payments are expected, refunded to the Developer not later than April 30 of the calendar year in which the exact amount of the Developer Contribution is determined.
The Developer and the District acknowledge that the JP Developer Contribution is, under no circumstances, either directly or indirectly to be reimbursed to the Developer, or any other party, from any revenues of the Town or the District or from the proceeds of any of the Bond or Other Obligations.
A sample Calculation of Developer Contribution is attached hereto and incorporated herein by reference as Exhibit A.
The Developer agrees that it shall contribute the Developer Contribution to the School District to be used as determined by the Board.
The County and the City acknowledge and agree that this Agreement shall not apply to or govern any Impact Fees credited or collected pursuant to Section 2.11 of the Polk County Impact Fee Ordinance providing for Developer Contribution Credits.