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"Actual Cost(s)" means, with respect to the Public Improvements, the Landowner's
<br />demonstrated, reasonable, allocable, and allowable costs of constructing such Public
<br />Improvement, as specified in a payment request in a form that has been reviewed and
<br />approved by the City and in an amount not to exceed the amount for each Public
<br />Improvement as set forth in the 2018 SAP. Actual Costs may include (a) the costs incurred
<br />by or on behalf of the Landowner (either directly or through affiliates) for the design,
<br />planning, financing, administration/management, acquisition, installation, construction
<br />and/or implementation of such Public Improvements, (b) the fees paid for obtaining permits,
<br />licenses or other governmental approvals for such Public Improvements, (c) construction
<br />management fee, (d) the costs incurred by or on behalf of the Landowner for external
<br />professional costs, such as engineering, geotechnical, surveying, land planning, architectural
<br />landscapers, advertising, marketing and research studies, appraisals, legal, accounting and
<br />similar professional services, (e) all labor, bonds and materials, including equipment and
<br />fixtures, by contractors, builders and materialmen in connection with the acquisition,
<br />construction or implementation of the Public Improvements, CO all related permitting and
<br />public approval expenses, architectural, engineering, and consulting fees, financing charges,
<br />taxes, governmental fees and charges, insurance premiums, and all payments for Annual
<br />Collection Costs after the date of a resolution authorizing such reimbursement.
<br />"Additional Interest" means the amounts collected by application of the Additional Interest
<br />Rate.
<br />"Additional Interest Rate" means the 0.50% additional interest charged on Assessments
<br />pursuant to Section 372.018 of the PID Act.
<br />"Additional PID Bonds" means the bonds issued to fund Public Improvements (or a portion
<br />thereof) that were not funded with the Initial PID Bonds and are secured by Assessments
<br />levied on Assessed Property.
<br />"Additional Assessments" means the $10,925,000 of Assessment levied on all Assessed
<br />Property within the PID pursuant to the Assessment Ordinance 2018-38 dated October 16,
<br />2018, as amended and restated by Ordinance 2018-51 dated December 12, 2018 and levied
<br />in accordance with Sections 372.019 and 372.020 of the PID Act..
<br />"Administrator" means an employee of the City or third party designee of the City who shall
<br />have the responsibilities provided for herein, in an Indenture relating to PID Bonds or in any
<br />other agreement approved by the City Council.
<br />"Amenity Center Site" means that certain Trace Park/Presido Amenity Center as depicted
<br />on Appendix C.
<br />"Annual Collection Costs" means the administrative, organization, maintenance and
<br />operation costs and expenses associated with, or incident to, the administration,
<br />organization, maintenance and operation of the PID, including, but not limited to, the costs
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