Elderly Housing
- (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)