Fla. Admin. Code Ann. R. 67-58.010 - Total Project Cost
The Total Project Cost includes the following:
(1) The cost of acquiring real property and
any buildings thereon, including payment for options, deposits, or contracts to
purchase properties.
(2) The cost
of site preparation, demolition, and development.
(3) Any expenses relating to the issuance of
tax-exempt bonds or taxable bonds, if any, related to the particular
Project.
(4) Fees in connection
with the planning, execution, and financing of the Project, such as those of
architects, engineers, attorneys, accountants, Developer fee, and the
Corporation.
(5) The cost of
studies, surveys, plans, permits, insurance, interest, financing, tax and
assessment costs, and other operating and carrying costs during New
Construction or Rehabilitation of the Project.
(6) The cost of the New Construction,
Rehabilitation, and equipping of the Project.
(7) The cost of land improvements, such as
landscaping and offsite improvements related to the Project, whether such costs
are paid in cash, property, or services.
(8) Expenses in connection with initial
occupancy of the Project.
(9)
Allowances for working capital, contingency reserves, and reserves for any
anticipated operating deficits during the first two (2) years after completion
of the Project.
(10) The cost of
such other items, including relocation costs, indemnity and surety bonds,
insurance premiums, trustees fees and expenses, depositories, and agent's fees
for the Corporation's bonds, for the New Construction or Rehabilitation of the
Project.
Notes
Rulemaking Authority 420.5095 FS. Law Implemented 420.5095 FS.
New 12-17-06, Amended 12-23-07.
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