NVI Technical College Information

Technical Feasibility

Identify and estimate project operation and development costs

The subject project technically as planned is to use the same

and specify the level of accuracy of these estimates and the

technology that is in-place and has been used to accommodate a

assumptions on which these estimates have been based.

vocational educational facility successfully. Because of this factor,

Operational costs are based on historical operating costs of the

there does not appear to be additional risks.

subject project improvements as a vocational educational facility.

As described, the subject project site is suitable for its continued use

Based on the data provided and compared with the Marshall & Swift

based on the availability of utilities, road service and other features

A

Cost Guide related to maintenance schedules, operating factors and

related to the existing improvements.

major capital items replacements, and given the improvements have

a good condition, the operational costs in pro forma appear to be

There was no deferred maintenance reported by the management

well-supported. There is no new development associated with the

of the Company or site inspection indicated in a recent real estate

subject project.

appraisal that was provided.

Overall, the continuance of the subject project improvements are

Technical Feasibility Conclusion

consistent with their historical uses.

Based on the continued

The subject project is the planned continuance of an existing

historical use, and historical usage capacities of up to 1,420

vocational educational facility.

students, the plan to accommodate about 400 students per 6

month term (2 terms annually) is technically feasible.

Source: USDA, Wert-Berater Feasibility Studies, LLC and the Management of the Company

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