Endowment Fee definition
Examples of Endowment Fee in a sentence
The term "Mitigation Fees" means, collectively, the Administrative Fee, the Endowment Fee, the Habitat Acquisition Fee and the Habitat Management Fee.
The term "Endowment Fee" means that component of the Mitigation Fees consisting of a one time fee per gross acre of land converted to Urban Development computed and collected pursuant to the provisions of this Agreement in order to fund establishment an endowment which will provide funding for the operation, management and administration of the Conservancy Lands in perpetuity, This component is identified in the NBHCP as "O & M Endowment Fund" in Table IV-1 of the NBHCP.
The Voluntary Scholarship Endowment Fee has been established to offer those families in need of tuition assistance the opportunity to attend Sacred Heart School.
In recognition of the $5,292,795 of Development Agreement Fees already paid by this Project, the City will consider the following fees fully satisfied; and, thus, will not collect any outstanding amounts on the Development Agreement Fee, Public Facilities Fee, Public Safety Endowment Fee, Development Services Fee, or Recreation Amenities Fee enumerated in the Original Development Agreement for this Project.
No additional fees or costs shall be payable upon the sale of niches by Temple, except the Endowment Fee provided for in paragraph 6.5.
The Endowment Fee component of the Mitigation Fees shall be $950 per acre, as adjusted pursuant to Sections 4.5.7 and 4.5.8 of this Agreement.