Developer’s Costs definition
Developer’s Costs means the total actual costs incurred by the Developer prior to and after the date of this DDA in connection with the planning, designing, financing, constructing, and development of the Developer Improvements; provided that the Developer’s Costs incurred prior to June 5, 2007 shall not exceed Four Hundred Thousand Dollars ($400,000). The Developer’s Costs shall include, without limitation, the following: closing costs for the acquisition of the applicable Development Site, costs of grading and site preparation; the cost of construction of all of the Developer Improvements, including architectural, engineering and design fees, reproduction costs, and development, permit, and inspection fees charged by any public agency incurred and paid by the Developer; general contractor fee, performance or completion bond premiums, construction loan fees and points, title insurance premiums and endorsement costs, survey costs, hazardous materials investigation and remediation costs, payment of construction loan, interest and contingent interest; interest on this Note; “Minimum Return on Developer’s Equity” (as herein defined); other fees and costs of construction loans and equity financing, including consulting and professional fees (including without limitation legal, accounting, environmental and financial consulting fees) paid to third parties with respect to this Agreement and the construction of the Developer Improvements or in connection with litigation against the Agency or Developer claiming that the City or Agency failed to comply with CEQA or other land use requirements; ground lease payments; or any other litigation in connection with the Project, all ad valorem property taxes and assessments imposed with respect to the Site attributable to the Developer; insurance costs; security costs; utility costs; maintenance expenses; Developer’s fee (not to exceed 5% of the hard construction costs), leasing and acquisition commissions paid in connection with initial occupancy of each leasable area: any costs or expenses incurred by Developer under Section 208.2 of the DDA (including, without limitation, attorneys’ fees); all engineering, permit and other fees and costs in connection with preparing and obtaining approval of the Map pursuant to Section 205.2(p) of the DDA; the Brookfield Reimbursement paid by Developer; and any other actual costs to the Developer of planning, designing, financing, constructing, and developing the Developer Improvements which have not bee...
Developer’s Costs means the total actual cost to the Developer of planning, designing, financing, constructing, and developing the Applicable Development Element, as determined by the Applicable Computation Process. The Developer’s Cost shall include Hard Costs and Soft Costs, and the following: closing costs for the acquisition of the applicable Parcel, costs of grading and site preparation; the cost of construction of all of the applicable Development Element and required onsite and offsite improvements, including architectural, engineering and design fees, reproduction costs, and development, permit, and inspection fees charged by any public agency incurred and paid by the Developer; general contractor fee, performance or completion bond premiums, construction loan fees and points, title insurance premiums and endorsement costs, survey costs, hazardous materials remediation costs, payment of construction loan, interest and contingent interest; other fees and costs of construction loans and equity financing; consulting and professional fees (including without limitation legal, accounting, environmental and financial consulting fees) paid to third parties with respect to this Agreement and the construction of the applicable Development Element; or in connection with litigation against the Agency or City claiming that the City or Agency failed to comply with CEQA or other land use requirements; all ad valorem property taxes and assessments imposed with respect to the applicable Parcel during the Term of the Applicable Lease, insurance costs, security costs, utility costs and maintenance expenses during the Term of the Applicable Lease. Developer’s Cost shall also include all costs of leasing, including without limitation leasing commissions and legal fees.
Developer’s Costs means the costs paid or contracted to be paid by the Developer in pursuing the Development including (without limitation) the purchase price of property, stamp duty land tax, and professional and consultant team fees