Net Construction Costs definition
Net Construction Costs means the final costs of the Speedway Project, net of design costs, capitalized interest and cost of issuance of the Bonds), as agreed upon by the Parties pursuant to the Development Agreement.
Examples of Net Construction Costs in a sentence
All SDF's payable to the District shall be applied to the Net Construction Costs and upon payment in full of the Net Construction Costs, the balance of the SDF's paid to the District shall be retained by District and used solely for the repair, maintenance and replacement of the Home of Heroes Expansion or any part thereof.
The SDF shall be based on the Net Construction Costs and the benefit of the Home of Heroes Expansion to the Adjacent Properties as determined by the District and approved by the City.
Bond and insurance amounts shall be determined at the final GMP based on the actual Pre-Construction Costs plus the Net Construction Costs as defined above.