Illinois Administrative Code › Title 77 - PUBLIC HEALTH › Part 1126 - SPECIALIZED MENTAL HEALTH REHABILITATION FACILITIES (SMHRFs) › Subpart E - FINANCIAL AND ECONOMIC FEASIBILITY - REVIEW CRITERIA › Section 1126.510 - Estimated Total Project Cost

Current through Register Vol. 48, No. 28, July 12, 2024
a) All
				applicants shall address the requirements listed in this Section, as
				applicable, in their permit application. The applicant shall provide project
				cost information for each of the following components as is applicable. When a
				project or any component of a project is to be accomplished by lease, donation,
				gift or any other means, the fair market value or dollar value that would have
				been required for purchase, construction or acquisition shall be included in
				the estimated total project cost.
1)
				Preplanning Costs - includes costs incurred prior to the submission of an
				application, such as development and feasibility studies, market studies, legal
				fees, bid solicitation, etc.;
2)
				Site Survey and Soil Investigation Fees - includes costs for surrounding
				surveying of a proposed project site and resulting soil investigation
				fees;
3) Site Preparation -
				includes costs of rental equipment for earthwork, concrete, lifting and
				hoisting, site drainage, utilities, demolition of existing structures,
				clearing, grading and earthwork;
4)
				Off-site Work - includes costs of drainage, pipes, utilities, sewage, roads and
				walks;
5) Construction and
				Modernization Contracts - includes expenses covered under the construction
				contract, including major medical and other fixed equipment, contractor's
				overhead and profit;
6)
				Contingencies - means an allowance for unforeseeable events relating to
				construction or modernization;
7)
				Architectural & Engineering Fees - includes fees associated with the
				development and implementation of drawings and design materials for a proposed
				project;
8) Consulting and Other
				Fees - includes charges for the services of various types of consulting and
				professional expertise, including environmental impact, acoustical studies,
				computer software fees, etc.;
9)
				Movable Capital Equipment not in Construction Contracts - includes the cost of
				all movable capital equipment, including any movable major medical equipment
				and the cost of installation of the equipment, excluding any trade-in
				allowances on existing equipment;
10) Bond Issuance Expense - includes all
				costs associated with the issuance of bonds to finance a project, including
				issuer's fees, bond counsel's fees, official statements (feasibility study),
				official statement printing, printing of bonds, survey of the collateral site,
				title insurance to property, auditor's fees, trustee fees, underwriters'
				discount and government fees (if applicable);
11) Net Interest Expense During Construction
				- means the difference between interest earned on funds for construction and
				interest expense on the amount of borrowed funds;
12) Other Costs to be Capitalized - includes
				miscellaneous fees and working capital expenses related to the project;
				and
13) Acquisition of Buildings or
				Other Property - includes the cost incurred for (or the fair market value of)
				the acquisition of buildings or property for the project. Any acquisition that
				has occurred within two years prior to the date the application for permit is
				submitted shall be included as part of project costs.