![]() (4) The finance charges actually incurred and paid in conjunction with loans obtained to meet any of the allowable costs enumerated above. (3) The direct costs actually incurred and paid for design and engineering services with respect to the improvements described in (b)(2) of this section. (2) The direct costs actually incurred and paid for improvements that serve only the property, including road construction, storm and sanitary sewer construction, other public facilities or utility construction, building rehabilitation and demolition, landscaping, grading, and other site or public improvements. (1) The purchase price of the real property. (b) For purposes of this covenant, the Grantee's or a subsequent seller's allowable costs shall include the following: In the event of a sale of less than the entire property, actual allowable costs will be apportioned to the property based on a fair and reasonable determination by the Grantor. With respect to the property described in this deed, if at any time within a 3-year period from the date of transfer of title by the Grantor, the Grantee, or its successors or assigns, shall sell or enter into agreements to sell the property, either in a single transaction or in a series of transactions, it is covenanted and agreed that all proceeds received or to be received in excess of the Grantee's or a subsequent seller's actual allowable costs will be remitted to the Grantor. (a) This covenant shall run with the land for a period of 3 years from the date of conveyance. ![]() ![]() Excess Profits Covenant for Negotiated Sales to Public Bodies
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