Financial Analysis. The evaluator will review the financial documents submitted to determine the financial strength of the proposer. Added value should be given to proposers submitting certified financial statements or in the case of publicly traded companies, their annual report. Scores may range from a high of 5 points to a low of 0 points.
Financial Analysis. County shall be provided with the proposed assignee’s financing plan for the operation of the Premises and for any contemplated improvement thereof, demonstrating such proposed assignee’s financial capability to so operate the Premises and construct such improvements. Such financing plan shall include, but not be limited to, information detailing (1) equity capital; (2) sources and uses of funds; (3) terms of financing; (4) debt service coverage and ratio; and (5) loan to value ratio. The proposed assignee shall also provide County with documentation demonstrating such proposed assignee’s financial viability, such as letters of commitment from financial institutions which demonstrate the availability of sufficient funds to complete any proposed construction or improvements on the Premises. Further, such proposed assignee shall authorize the release of financial information to County from financial institutions relating to the proposed assignee or other information supplied in support of the proposed assignment.
Financial Analysis. County shall be provided with the proposed assignee’s financing plan for the operation of the Premises (unless the assignment is pursuant to a Change of Ownership that is an Excluded Transfer or is pursuant to a Change of Ownership that involves the transfer of only beneficial interests in the constituent owners of Lessee, and following such transfer there is no intended change in the financing plan for the operation and improvement of the Premises) and for any contemplated improvement thereof, demonstrating such proposed assignee’s financial capability to so operate the Premises and construct such improvements. Such financing plan shall include, but not be limited to, information detailing (1) equity capital; (2) sources and uses of funds; (3) terms of financing; (4) debt service coverage and ratio; and
Financial Analysis. Ÿ Provide financial analysis in conjunction with budgeting, planning and forecasting ü Ÿ Analyze the cost versus benefit of modifications to processes and technology ü
Financial Analysis. 7.6.1 Hackney’s domestic waste collection, recycling and disposal net budget is approximately £14.8m in 2011/12 (excludes commercial waste collection and disposal costs, which are recovered through the charges to commercial waste customers). Waste collection service 5.400 Recycling 4.038 NLWA levy for domestic waste (budget held by Corporate Finance) 5.412 14.850 Source: CLG Revenue Analysis 2011/12 return
7.6.2 The cost of managing and disposing of waste generated within Hackney is due to rise significantly in the coming years. Where we currently pay NLWA £5.4m to manage Xxxxxxx’x household waste in 2011/12, NLWA expect the equivalent cost to be between £9m and £12m by 2016/17, once menu pricing and the cost of NLWA infrastructure investment (both certainties) are accounted for, in addition to landfill tax increasing year on year.
7.6.3 The cost has been partly suppressed in recent years by balances within NLWA, which is not an option going forward. The shift to single stream co-mingled recycling arrangements works as a platform that enables Xxxxxxx to contribute towards the NLWA region achieving its target recycling rate of 40% through borough collection services by 2020 (other measures will also need to be considered in order to achieve this rate), and mitigate some of the additional future costs of waste disposal and collection.
7.6.4 The proposal to “in-source” Hackney’s recycling function will mean significant savings on current arrangements, and will contribute further to mitigating the rising cost of waste disposal.
7.6.5 The recycling contract will cost £2.6m for the period March 2011 to February 2012. The contract rises with RPI annually, and for the purposes of this report is estimated at 4% for the final year of the contract, meaning an annual cost of £2.7m for the period March 2012 to February 2013. The existing contract also allows the contractor to retain the income derived from selling of recyclate (though Xxxxxxx has benefited from reductions to its contract cost in recent years through negotiation on this point).
7.6.6 An in-sourced recycling service will be managed and operated within the Environmental Operations division of Public Realm. The service has costed the new function, and has estimated that replacing the contract with an in-house function delivering a co-mingled recycling service will achieve an annual revenue saving of £1.35m by 2017/18, (which has a gross controllable budget of £21m in 2012/13), as a result of the change in ...
Financial Analysis. It has been agreed that the City Council may modify the fee charged with a ninety (90) day advanced notice of any increase. The Inter-local Agreement is for a period of five years. At the City’s current tipping rate, the approximate annual payment the City will receive is $800,020. The current cost to the City for handling the additional tonnage is approximately $908,115. However, SWM is currently negotiating a new contract for operations, hauling, and disposal of MSW. The new contract beginning on July 1, 2013 will have a cost to the City between $702,000 and $780,000. Should this agreement be amended to add other municipalities, the potential revenue and costs would be increased accordingly at the per ton rate.
Financial Analysis. With the approval of Amendment #3, funds will be transferred from impact fees to the Project Account #023-122-4496-7900 to cover the costs associated with the added work scope.
Financial Analysis. Introduction
Financial Analysis. The Project’s proposed financing structure consists of conventional construction and permanent loans, a loan from the Los Angeles Housing Department (LAHD) Affordable Housing Trust Fund, and equity from the syndication of 9% Low-Income Housing Tax Credits (see Attachment D, Sources and Uses). The permanent loan request from the CRA/LA represents approximately 23% of the Project’s total development costs. The Project is slated to commence construction after the Borrower satisfactorily obtains commitments/awards for all funding sources sufficient for development of the Project as proposed. If LAHD and TCAC commitments/awards are obtained in the current and upcoming rounds, respectively, construction is expected to commence by winter 2011. The Borrower applied for funding in LAHD’s April 2011 NOFA round, and intends to apply for a TCAC allocation by the July 6, 2011 deadline (assuming approval of the $4 million loan request). The Borrower will be allowed up to two attempts to obtain LAHD and TCAC commitments/awards. If unsuccessful, CRA/LA will reconsider whether the funds should be reprogrammed for other uses. Upon approval of the recommendations, CRA/LA will enter into a Loan Agreement with the Borrower, which will provide a total of $4 million in construction and permanent loan funds. Once the Project is fully ready for construction and all preconditions for closing have been satisfied, the CRA/LA loan would close. The associated second-lien deed of trust would be subordinate to the liens of the construction, and permanent conventional lenders. At construction completion, once the preconditions for conversion have been satisfied, the construction loan will automatically convert into a permanent loan. The permanent loan will have a 55-year term and 3% simple interest accruing from the date of the promissory note, payable based on CRA/LA’s prorata share of residual receipts (see Attachment B, Project Term Sheet). The Project’s total development cost is $17,153,000, or approximately $398,889 per affordable unit ($209,179 per affordable bedroom). These amounts are inclusive of 45 parking spaces, 2 community rooms, laundry room, a one-bedroom manager’s unit, open space, LEED sustainability features and other project amenities. The 6,891 sq. ft. of open space, including balconies, landscaped areas, and usable common open space (not including set-backs) exceeds City of LA Municipal Code requirements by 28%. The Borrower has incorporated the following underwriting...
Financial Analysis. County shall be provided with the proposed assignee’s financing plan for the operation of the Property (unless the assignment is pursuant to a Change of Ownership that is an Excluded Transfer or is pursuant to a Change of Ownership that involves the transfer of only Beneficial Interests in the constituent owners of Lessee, and following such transfer there is no intended change in the financing plan for the operation and improvement of the Property) and for any contemplated improvement thereof, demonstrating such proposed assignee’s financial capability to so operate the Property and construct such improvements. Such financing plan shall include, but not be limited to, information detailing (a) equity capital; (b) sources and uses of funds; (c) terms of financing; (d) debt service coverage and ratio; and (e) loan to value ratio. The proposed assignee shall also provide County with documentation demonstrating such proposed assignee’s financial viability, such as letters of commitment from financial institutions which demonstrate the availability of sufficient funds to complete any proposed construction or improvements on the Property. Further, such proposed assignee shall authorize the release of financial information to County from financial institutions relating to the proposed assignee or other information supplied in support of the proposed assignment.
