Viability Review definition

Viability Review means a review to be provided by the Owner and Developer assessing the ability of the Development to viably deliver some or all of the Deferred Affordable Housing or a requirement for a Revised Affordable Housing Scheme based upon a review of relevant income assumptions undertaken VIABILITY REVIEWThree months prior to the Implementation of the Development the Owner and/or Developer shall undertake a Viability Review and submit the same to the District Council which shall be accompanied by:-either:- the Relevant Report; ora Revised Affordable Housing Scheme; ora Deferred Affordable Housing Payment proposal; ora Deferred Affordable Housing Scheme (together the "Accompanying Documents").VALIDATION OF VIABILITY REVIEW AND REQUESTS FOR FURTHER INFORMATIOnThe Owner and/or the Developer shall allow the District Council a minimum of 28 Working Days to consider the Viability Review and Accompanying Documents and if it chooses to do so to either:confirm in writing to the Owner or Developer that it has received a valid Viability Review and the necessary Accompanying Documents ("Validation Date"); orrequest such further financial, planning, legal or other information as acting reasonably it deems necessary in order to assess viability.In the event that the District Council does not issue a response within the period.REVIEW OF VIABILITY REVIEW AND DEFERRED AFFORDABLE HOUSING SCHEMEFor a period not exceeding 2 (two) calendar months commencing on the Validation Date (unless otherwise agreed with the District Council in writing), the Owner and/or Developer and the District Council (or its surveyor) may review and seek to agree:-
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Viability Review means the upwards only review of the financial viability of the Development using Formula 1a to determine whether an Affordable Housing Contribution is payable;
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Viability Review means any review of a Viability Assessment by the Borough Council's Assessor in accordance with Part 2 of Schedule 2 to this Deed with the purpose of dete rmining the viability of the Relevant Balance of the Development (as applicable to the respective Viability Assessment) in order to calculate whether any Surplus exists and is to be applied to Defen-ed Affordable Housing Units and/or Deferred Contributions and/or recovery ofHIF Funding and the amount of such provision or payment;
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Examples of Viability Review in a sentence

  • The Valuation Date for this Viability Review is the date of this report, as stated on the title page.

  • Any appraisal submitted as part of a Viability Review must be produced in a manner which the Council agree is capable of allowing a direct comparison with the original Viability Appraisal.

  • This Viability Review adheres to the RICS Professional Statement on Financial Viability in Planning (published May 2019).

  • This Viability Review has been undertaken in accordance with the Terms & Conditions provided to the Council and with any associated Letters of Engagement and should only be viewed by those parties that have been authorised to do so by the Council.

  • Provision of affordable housing in accordance with Policies CS15, CS16 & CS25 of the Local Development Framework Core Strategy Development Plan Document - Adopted Version (as amended 2015) and the adopted SPD relating to Planning Obligations (September 2013) including an Affordable Housing Viability Review Clause reflective of the DVS appraisal.

  • This living document of the 62 recommendations from the Viability Review was created and is updated as things progress.

  • Viability Review Committee composed of college administration and faculty in appropriate positions to research program and course need and render informed recommendations.

  • Early, Mid and Late Stage Viability Review Mechanisms should be secured given the size and timescales for the development.

  • To incentivise delivery of the development and the delivery of the affordable housing, an Early Stage Viability Review will be triggered if the scheme is not implemented within two years of the permission being granted or as agreed with the Local Planning Authority.

  • Program Viability Review – is the process of determining the appropriateness of a Program Initiation, Program Modification or Program Discontinuance.


More Definitions of Viability Review

Viability Review means a review to be provided by the Owner and Developer assessing the ability of the Development to viably deliver some or all of the Deferred Affordable Housing or a requirement for a Revised Affordable Housing Scheme based upon a review of relevant income assumptions undertaken where such review will take place using an ‘open book’ economic viability assessment and it will use the Council’s residual value based appraisal model to the extent this is still applicable at the time
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Viability Review means a review conducted by TfNSW to determine the number of passengers using a Dedicated School Service over a two year period, commencing from the date notified by TfNSW to the Operator (whether such notification has been given under the Previous Service Contract or is given under this Contract).
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Viability Review. – means a financial appraisal to be undertaken by the Owner and submitted to the Council pursuant to paragraph 7 assessing the viability of the Development to deliver Affordable Housing up to 35% Affordable Housing by habitable rooms in accordance with the tenure split prescribed in the New Southwark Plan Proposed Submission Version dated December 2017, (reflecting the agreed methodology in the FVA)1”
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Viability Review means the upwards only review of the financial viability of the Development using Formula 1a to determine whether an Affordable Housing Contribution is payable; “Wheelchair Units” means the 12 Student Accommodation Units (accessible studio units) designed for wheelchair users or Students with accessibility needs and which are to be constructed to the Base Specification with 1 (one) to be fully fitted (at no cost to the occupier) prior to Occupation of the Development and the remainder to be fully fitted (at no cost to the occupier) in the event of there being demand for the use of such units by those in need of wheelchair/accessible accommodation and which are shown coloured maroon and orange on the drawing attached at Annexure 1 hereto and labelled 0xx Xxxxx Xxxx, 0xx Xxxxx Xxxx, 0xx Xxxxx Plan, 5th Floor Plan, 6th Floor Plan, 7th Floor Plan, 8th Floor Plan, 9th Floor Plan, 10th Floor Plan, 11th Floor Plan, 12th Floor Plan, and 13th Floor Plan; "Working Days" means any Monday, Tuesday, Wednesday, Thursday and Friday except bank or public holidays. In this Undertaking (except where the context otherwise requires):
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Viability Review means a review to be provided by the Owner and Developer
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Viability Review means a review to be provided by the Owner and Developer assessing the ability of the Development to viably deliver some or all of the Deferred Affordable Housing or a requirement for a Revised Affordable Housing Scheme based upon a review of relevant income assumptions undertaken
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Related to Viability Review

  • Clinical review criteria means the written screening procedures, decision abstracts, clinical protocols, and practice guidelines used by a health carrier to determine the necessity and appropriateness of health care services.

  • Performance Review means a summative evaluation of a teacher other than a beginning teacher and used to determine whether the teacher’s practice meets school district expectations and the Iowa teaching standards, and to determine whether the teacher’s practice meets school district expectations for career advancement in accordance with Iowa Code section 284.7.

  • Peer review means evaluation of professional services rendered by a professional practitioner.

  • Evaluation Team means the team appointed by the City; “Information Meeting” has the meaning set out in section 2.2;

  • Student growth objective means an academic goal that teachers and designated supervisors set for groups of students.