Financial feasibility definition
Financial feasibility means that sufficient revenues are currently available or will be available from committed funding sources for the first 3 years, or will be available from committed or planned funding sources for years 4 and 5, of a 5-year capital improvement schedule for financing capital improvements, such as ad valorem taxes, bonds, state and federal funds, tax revenues, impact fees, and developer contributions, which are adequate to fund the projected costs of the capital improvements identified in the comprehensive plan necessary to ensure that adopted level-of-service standards are achieved and maintained within the period covered by the 5-year schedule of capital improvements. The requirement that level-of-service standards be achieved and maintained shall not apply if the proportionate-share process set forth in s. 163.3180(12) and (16) is used.5
Financial feasibility means the ability of a project, once completed, to be maintained and operated for its useful life with funds either generated by the project itself or from an identifiable source of funds available for such purpose.
Financial feasibility means that sufficient
Examples of Financial feasibility in a sentence
Financial feasibility of the proposed activities by means of a realistic and reasonable budget.
Financial feasibility, including cost, development budget operating pro forma and the provision of secured and leverage funds.
The remodeling, replacing or equipping of existing buildings, as well as the building or equipping of new structures.b. Financial feasibility.
Financial feasibility shall be determined using professionally accepted methodologies.
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More Definitions of Financial feasibility
Financial feasibility means that sufficient revenues are currently available or will be available from committed funding sources for the first 3 years, or will be
Financial feasibility. An assurance that sufficient revenues are currently available or will be available from committed funding sources for the first three (3) years, or will be available from committed or planned funding sources for years four (4) and five (5), of a five-year capital improvement schedule, and as further defined in Section 163.3164(32) Florida Statutes, as amended.
Financial feasibility means the viability of a project after taking into consideration its total costs and projected revenues. ¶
Financial feasibility means sufficient revenues are currently available or will be available from committed or planned funding sources available for financing capital improvements, such as ad valorem taxes, bonds, state and federal funds, tax revenues, impact fees, and developer contributions, which are adequate to fund the projected costs of the capital improvements and as otherwise identified within this act necessary to ensure that adopted level-of-service standards are achieved and maintained within the 5-year schedule of capital improvements.
Financial feasibility. As provided in Section 163.3164(32), F.S., as amended, sufficient revenues are currently available or will be available from committed funding sources for the first 3 years, or will be available from committed or planned funding sources for years 4 and 5, of a 5-year capital improvement schedule for financing capital improvements, such as ad valorem taxes, bonds, state and federal funds, tax revenues, impact fees, and Applicant contributions, which are adequate to fund the projected costs of the capital improvements identified in the comprehensive plan necessary to ensure that adopted level of service standards are achieved and maintained within the period covered by the 5-year schedule of capital improvements.
Financial feasibility means that sufficient revenues are currently available or will be available from committed funding sources for the first 3 years, or will be available from committed or planned funding sources for years 4 and 5, of a 5-year capital improvement schedule for financing capital improvements, such as ad valorem taxes, bonds, state and federal funds, tax revenues, impact fees, and developer contributions, which are adequate to fund the projected costs of the capital improvements identified in the comprehensive plan necessary to ensure that adopted level-of-service standards are achieved and maintained within the period covered by the 5-year schedule of capital improvements. A comprehensive plan shall be deemed financially feasible for transportation and school facilities through- out the planning period addressed by the capital improvements schedule if it can be demonstrated that the level-of-service standards will be achieved and maintained by the end of the planning period even if in a particular year such improvements are not concurrent as required by s. 163.3180.
Financial feasibility. Financial feasibility is directly proportional to the amount of net income that could be derived from the subject. Rents have slightly increased over the previous 12 months and the apartment market overall appears to be favorable. Area realtors indicate that condominium and cooperative unit developments favor on-beach locations and the subject is a distance from the actual beach. After having eliminated all other development from our analysis, the financial feasibility of multifamily development must be tested. The subject site is in the "Beaches" apartment submarket area. The survey conducted by Vestcor Realty Management, Inc., the occupancy level for the apartment projects in the Beaches submarket was 94.3 percent during the Xxxxx Xxxxxxx 0000. This reflects a 0.7 percent increase from one year earlier and 15.8 percent increase from the previous quarter (Second Quarter 1997). During the same one-year period between the Third Quarters 1996 and 1997, rental rates have increased about 1.0 percent from $674 to $680 per month. Apartment development has been taking place in the Beaches submarket. From the preceding, apartment development appears feasible. Occupancy rates have increased only slightly during the past year and rental rates have risen moderately according to the most recent apartment survey. The following reflects apartment development costs on a square foot basis. Cost to Construct (Class C Average to Good)........ $50.00 Land Acquisitions.................................. 4.00 ------ Total Cost of Development.......................... $54.00 The preceding indicates that development is feasible for multifamily residential development. As indicated in the Sales Comparison Approach in this report, apartments developed since 1995 reflect sale prices in the $60 to $75 per square foot category. Most of the sale prices are above the cost of development. MAXIMUM PRODUCTIVITY - After considering the current economic climate and the subject's location and financial feasibility of certain land uses, we are of the opinion that the demand for multifamily apartment units conducive to the subject site would produce the highest net return over the longest period of time. This is due to the subject's location and the popularity of the neighborhood. In summary, the multifamily apartment market has shown signs of increasing health. The site's location near Jacksonville area beaches in the exclusive Ponte Vedra residential and resort communities, and within easy co...