Sec.8-358-8. Definitions

Latest version.

(a) "Developers' Fee" means a bonus earned by developers that have successfully completed key events in the development process.
(b) "Key Events" means the four main phases in the development process: (1) Preliminary Application Approval, (2) Final Application Approval, (3) Construction Start; and (4) Construction Completion.
(c) "Successfully Completed" means completion of key events in a timely manner.

(Effective December 27, 1990)

                    
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