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prior to termination of the Due Diligence period for the home purchase . To request this approval, Developer will provide Grantee with a property description , proof of abandoned , foreclosed , or vacant status as applicable, preliminary plans and specifications for rehabilitation or construction work, a preliminary development cost, an estimate of sale price , and an estimate of net sales proceeds, including line item estimates of sales and marketing costs, closing costs and financing to be provided to the buyer . The preliminary cost estimate will be provided in a form similar to the development cost estimates in Exhibit A, herein . Grantee will base its approval upon an assessment of NSP3 compliance, financial feasibility, conformity to expenditure limits described herein , and the potential marketability of the property . In addition , properties must be located in NSP3 target areas as described herein . g . Maximum NSP3 expenditure per dwelling unit : Developer may spend no more than $ 100, 000 on any single dwelling unit, unless Grantee gives written approval for an additional amount due to the strategic value of a property for the NSP3 program or unforeseen costs that were beyond the control of Developer . h . Average NSP3 expenditure per dwelling unit : The average NSP3 expenditure per dwelling unit may not exceed $ 85 , 000 ( including developer' s fee ) . Grantee encourages Developer to acquire additional homes at a lower average NSP3 cost if it is feasible . i . Developer fee allowed per dwelling unit : The allowed developer fee is 10% of the purchase price and a fixed amount of $ 1 , 000 per dwelling unit for rehabilitation of each dwelling unit . Developer' s fee shall be due and payable as follows : An amount equal to five percent ( 5 % ) of the purchase price paid to the seller for the property being acquired shall be due and payable to Developer upon the acquisition of each property by Developer . One thousand dollars ( $ 1 , 000 ) per unit will be paid upon final inspection approval by County of the rehabilitation of each unit . An amount equal to five percent ( 5 % ) of the purchase price paid to the seller for the property shall be due and payable to Developer at the time of resale of the dwelling unit . It is understood by both parties that the County, utilizing NSP funding, will pay all costs associated with the acquisition and rehabilitation of each property, including all closing costs and recording fees . It is understood by both parties that Developer is responsible for obtaining property insurance , coordinating yard maintenance , providing all utilities, paying all property taxes, and maintaining the acquired housing units; however, the cost of all services required for each housing unit, beginning at initial acquisition of the property by Developer and ending at resale of the property, will be paid by the County utilizing .._.... ... ......... _ 3 11 ge