Laserfiche WebLink
Elements of <br />Project Costs <br />improvements and professional fees directly attributable and <br />essential to a project such as survey, engineering, architectural, <br />legal and accounting. In this context legal expenditures for such <br />items as zoning changes title searches, title insurance, recording <br />fees, etc., which are clearly essential to the total project can be <br />included as project costs. While there is considerable flexibility in <br />determining the composition of a project, in general it should be a <br />productive asset when competed. In the classic sense, this would <br />be land, building, machinery, and equipment. <br />In developing the aggregate project costs for the Oakdale Seed <br />Fund the following guidelines will be used: <br />Land <br />Valuation of land injected by the small business concern into the <br />project should be at the appraised value based on an appraisal <br />acceptable to the EDA. The appraisal should conform with current <br />bank regulatory requirements. <br />Land Improvements <br />Improvements which are paid through special tax assessments or <br />user fees should not be included in determining project costs. <br />Improvements to the land which are a portion of the project cost <br />could include but are not limited to the following: <br />1) Grading <br />2) New streets or street improvements including curb and <br />gutter <br />3) Parking lots <br />4) Utilities — water, sewer, gas, electric or <br />5) Landscaping <br />Purchased and/or Remodel an Existing Building <br />The cost of purchasing an existing building generally includes the <br />value of the land and applicable fees and charges required to gain <br />clear title to the property. Purchasing an existing facility with <br />funds provided by the Oakdale Seed Fund is permissible. <br />53 <br />