Section 67-58.010 - Total Project CostThe 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.Fla. Admin. Code Ann. R. 67-58.010
Rulemaking Authority 420.5095 FS. Law Implemented 420.5095 FS.
New 12-17-06, Amended 12-23-07.New 12-17-06, Amended 12-23-07.