Laserfiche WebLink
"Site Improvements" means the site improvements undertaken or to be undertaken on <br />the Development Property. Payments will be issued on a pay-as-you-go basis over 4 <br />years (beginning August 1, 2018) with interest at a rate of 4% per annum. <br />9. Building Value: The 121 apartment units to be constructed upon the Property are <br />anticipated to have a value of approximately $14,300,000 or $118,000 per unit. <br />10. Fees: The Developer remitted to the City the sum of Seven Thousand Dollars ($7,000.00) <br />to pay for the reasonable out-of-pocket Legal and Administrative Expenses associated <br />with this transaction. Any excess will be returned to the Developer after payment of all <br />Legal and Administrative Expenses. If the City determines the deposit to be inadequate, <br />the Developer shall provide additional funds in the amount determined by the City to be <br />escrowed. <br />