Developer Reimbursement definition

Developer Reimbursement in the amount of one and three quarters percent (1.75%) of the Purchase Price, including any charges for option or extras now or hereafter contracted for which are not included in the Purchase Price.
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Examples of Developer Reimbursement in a sentence

  • Any repayment shall comply with the Section 2 Developer Reimbursement.

  • When the services benefit any benefitting Third-Party Lands, the City shall repay the Developer in accordance with Section 3 – Developer Reimbursement.

  • When the services benefit any adjacent lands, the City shall repay the Developer in accordance with the Developer Reimbursement section.

  • Any excess funds that remain on deposit in the Developer Reimbursement Fund at the time such Fund is closed shall be transferred to the Redemption Fund to be used to redeem Bonds pursuant to Section 4.4 of this Indenture.

  • Disbursements from the Developer Reimbursement Fund to pay Improvement Area #1 Project Costs shall be made by the Trustee upon receipt by the Trustee of a properly executed and completed Certificate for Payment; provided, however, that the Trustee shall not disburse any funds to the Developer from the Developer Reimbursement Fund until the Improvement Area #1 Bond Improvement Account of the Project Fund has been fully depleted.

  • The application for a Developer Reimbursement Agreement shall be made within 30 days after the date street and/or utility system improvements have been accepted by the city.

  • Such repayment shall be in accordance with Section 2 Developer Reimbursement.

  • The Line Expansion Sewer Tap Fee shall be made in the form of a check made out to Developer, but delivered to the District as a condition to the issuance of any single tap for the Proponent’s Benefited Properties, and the District shall deliver said check for the Developer Reimbursement Amount to Developer as soon as practicable.

  • Applicants for a Developer Reimbursement Agreement are required to notify all property owners who will have assessments placed on their property at least 10-days prior to Council considerations.

  • Except for the payment from the Developer Reimbursement Amount described in this Agreement, the Developer shall receive no other monies from the City in connection with the construction of the Public Infrastructure Improvements.