Developer’s Fee definition
Examples of Developer’s Fee in a sentence
The Developer’s Fee shall be paid to the Developer in periodic equal payments with each Request for Payment for the Phase II Work to cover Project overhead costs, and costs incurred at the jobsite for supervision and administration.
Developer’s Fee shall be dispensed when construction is 100% completed and certificate of occupancy is received.
Proposed Project Budget Site Improvements 26,500 Construction 797,215 Construction Contingency 79,785 Other Hard Costs 32,226 Architect, Engineer, Attorney 45,000 Developer’s Fee 108,000 Operating Reserve 10,680 Other Soft Costs 26,400 Upon completion of the bid package process and selection of a general contractor to perform the work, a schedule of values must be submitted and approved by the architect and the City of Durham.
Proposed Project Budget Land Acquisition and Site Improvements $192,445 New Construction 1,048,357 Construction Contingency 100,000 Architect Design, inspection and Engineering 55,000 Soft costs 15,350 Developer’s Fee 115,000 Total Cost $1,526,152 Upon completion of the bid package process and selection of a general contractor to perform the work, a schedule of values must be submitted and approved by the architect and the City of Durham.
The LWDC shall adhere to the following budget in the performance of this contract: Construction $ 230,000.00 (50% HOME & 50% WD Communities) Soft Cost $ 40,264.78 Developer’s Fee $ 10,000.00 Except for the modifications made by this Amendment, the terms and conditions of the Agreement, as previously amended, shall remain in full force and effect.
The resulting initial base rent during the first year of the lease term shall equal: (Total Development Costs + Land Cost + Developer’s Fee) X Rent Factor.
Pursuant to the Development Agreement, the Company is obligated to pay to Developer the Developer’s Fee in connection with the construction of the Project.
NYTC Member acknowledges that part of the consideration for this Agreement is that NYTC Member shall pay such Developer’s Fee.
The Developer’s Fee shall be paid as follows: 50% upon commencement of construction of the Public Project, and the remainder monthly over the course of construction of the Project, in proportion to the percentage of work completed on the Project as a whole.
The following costs shall be excluded from the calculation of the Developer’s Fee under Section VII.