Total Allowable Expenses definition

Total Allowable Expenses means the actual costs incurred, paid for, and documented by the Participant and approved by the City Manager or his/her designee for the proper performance of the improvement work required by the plans and specifications and/or architectural/design renderings for the Project.
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Examples of Total Allowable Expenses in a sentence

  • CAP ---------------------------- Year Index ---- ----- Prior Year = 1990 = 100 ** ** Current Year = 1991 = 104 ** ** (**) - All Items less Food and Energy 104 CPICAP = ------ = 1.04 100 CAP Amount = 1.04 X Prior Year Allowable Building Operating Costs (less utilities) = 1.04 X $520,000 = $540,800 (CAP Amt.) CURRENT Year Expenses = $555,000 (less utilities) CAP Amount Expenses = $540,800 Total Allowable Expenses (lesser of CURRENT Year or CAP Amt.

  • Upon completion of the Improvements and provided that Borrower has satisfied the conditions set forth in Section 1.6, City shall (i) determine the amount of Total Allowable Expenses; (ii) calculate the Loan amount; (iii) prepare the Loan Documents to reflect the final Loan amount; and (iv) disburse the Loan Proceeds to Borrower.