Common use of Predevelopment Costs Clause in Contracts

Predevelopment Costs. Predevelopment Costs shall mean those "soft costs" paid by DEVELOPER to third-party providers, including without limitation, architectural design costs, payment of fees to obtain governmental approvals, cost of donated professional services, and other costs approved by CITY, necessary to be incurred in order to finance and construct the Completed Assisted Units.

Appears in 2 contracts

Sources: Regulatory and Performance Agreement, Grant Agreement