LD 858
pg. 7
Page 6 of 13 An Act To Establish a Municipal Affordable Housing Development District Tax Inc... Page 8 of 13
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LR 787
Item 1

 
(1)__Capital costs, including, but not limited to:

 
(a)__The acquisition of land or construction of
public infrastructure improvements for
affordable housing development;

 
(b)__The demolition, alteration, remodeling,
repair or reconstruction of existing buildings,
structures and fixtures;

 
(c)__Site preparation and finishing work; and

 
(d)__All fees and expenses that are eligible to
be included in the capital cost of such
improvements, including, but not limited to,
licensing and permitting expenses and planning,
engineering, architectural, testing, legal and
accounting expenses;

 
(2)__Financing costs, including, but not limited to,
closing costs, issuance costs and interest paid to
holders of evidences of indebtedness issued to pay
for project costs and any premium paid over the
principal amount of that indebtedness because of the
redemption of the obligations before maturity;

 
(3)__Real property assembly costs;

 
(4)__Professional service costs, including, but not
limited to, licensing, architectural, planning,
engineering and legal expenses;

 
(5)__Administrative costs, including, but not limited
to, reasonable charges for the time spent by
municipal employees in connection with the
implementation of an affordable housing development
program;

 
(6)__Relocation costs, including, but not limited to,
relocation payments made following condemnation;

 
(7)__Organizational costs relating to the
establishment of the affordable housing district,
including, but not limited to, the costs of
conducting environmental impact and other studies and
the costs of informing the public about the creation
of affordable housing development districts and the
implementation of project plans;

 
(8)__Costs of facilities used predominantly for recreational
purposes, including, but not limited to,


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