Illinois Administrative Code › Title 77 - PUBLIC HEALTH › Part 1120 - HEALTH FACILITIES AND SERVICES FINANCIAL AND ECONOMIC FEASIBILITY REVIEW › Subpart B - INFORMATION REQUIREMENTS AND REVIEW CRITERIA › Section 1120.110 - Project and Related Cost Data - Review Criteria

Current through Register Vol. 48, No. 28, July 12, 2024
a) Estimated Total Project Cost
The applicant shall provide the estimated total project cost,
				  including the amounts for each cost component (line item) applicable to the
				  project. When a project or any component of a project is to be accomplished by
				  lease, donation, gift or any similar 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. The applicant shall
				  submit documentation as to the fair market or dollar value as defined in 77
				  Ill. Adm. Code
				  1130.140. Costs shall
				  be provided for the following components (line items), as applicable:
1) Preplanning Costs - those 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 -
				the costs for surveying of a proposed project site and related soil
				investigation fees;
3) Site
				Preparation Costs includes, but is not limited to, costs for equipment rental
				for earthwork, concrete, lifting and hoisting, site drainage, utilities,
				demolition of existing buildings or structures on site, clearing, grading and
				related earthwork;
4) Off-site Work
				Costs - all costs related to off-site activities, such as drainage, pipes,
				utilities, sewage, traffic signals, roads and walks;
5) Construction and Modernization Contracts -
				all costs and expenses covered under the construction contract, including major
				medical and other fixed equipment, contractor's overhead and profit;
6) Contingencies - a cost allowance to be
				used solely for unforeseeable events relating to construction or modernization
				costs;
7) Architectural and
				Engineering Fees - the costs associated with the design, development of
				contract documents, and construction administration related to the proposed
				project, including only those fees defined as "basic services" in Document
				B101-2007, Standard Form of Agreement Between Owner and Architect (www.aia.org)
				(American Institute of Architects, 1735 New York Ave., NW, Washington DC
				20006-5292, 800/242-3837; 2007, no later editions or amendments
				included);
8) Consulting and Other
				Fees - the costs and charges for the services of various types of consulting
				and professional expertise, including environmental impact, computer software
				fees, certificate of need fees, etc. (the applicant shall provide a detailed
				listing of types and amounts of such fees);
9) Capital Equipment Not Included in
				Construction Contracts - the cost of all fixed and movable capital equipment,
				including any medical equipment and the cost of installation of the equipment,
				excluding any trade-in allowances on existing equipment, that are not included
				in construction contracts;
10) Bond
				Issuance Expense - 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
				- the cost representing the difference between interest earned on funds for
				construction and interest expense on the amount of borrowed funds;
12) Other Costs that Are To Be Capitalized -
				miscellaneous fees, expenses (e.g., asbestos removal, mold treatment, temporary
				insurance, workers' compensation, surface parking lots, temporary roads or
				paving, lighting, fencing, security, etc., that are not included in
				construction contracts) and working capital expenses related to the project
				(the applicant shall provide a detailed listing of all other fees and expenses
				and the amount of each);
13)
				Acquisition of Buildings or Other Property (excluding land) - the cost incurred
				(or the fair market value) for the acquisition of buildings or property for the
				project. Any acquisition that has occurred within two years prior to the date
				of application for permit submission must be included as part of project costs.
HFSRB NOTE: If the acquisition is by a lease, and the terms
				  of the lease include capital improvements to the property, then those capital
				  improvements are to be listed separately.