A fiscal feasibility review required pursuant to § 11-9-17.1 : (1) Must contain: (a) A description of the project plan, proposed district boundaries, and estimated project costs; (b) An analysis of the tax increment base and the projected tax increment valuation for the anticipated duration of the district; (c) An evaluation of whether the projected tax increment revenue is sufficient to pay the project costs and any other obligation proposed to be paid from the revenue; (d) An analysis of the timing of projected revenue relative to anticipated expenditures or debt service requirements; (e) A discussion of material financial risks to the feasibility of the project plan; (f) A statement identifying material assumptions, limitations, and reliance on information from other third persons; and (g) A conclusion stating whether, based on the assumptions and analyses described in the report, the project plan is reasonably feasible from a financing standpoint; (2) Is advisory in nature and does not constitute a guarantee of project completion, revenue, or valuation; (3) Does not relieve the governing body of the responsibility to evaluate the project plan; and (4) Must be completed and made available to the governing body and the public at least fourteen days prior to the governing body's consideration of the resolution establishing the district.
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