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'7.r7 <br /> 10 <br /> not specified in the contract will be provided to the owner and the <br /> contractor. <br /> A required part of this meeting will be a discussion between <br /> owner, contractor, and the Rehabilitation Advisor regarding the <br /> effect of the rehabilitation work on the tenant, and the measures <br /> which will be taken to avoid damage to tenant property and disruption <br /> of the tenant's normal routine. If temporary relocation is required, <br /> the owner will be requested to contact the Section 8 Moderate Rehabili, <br /> tation Advisor, who will be responsible for notifying the tenant of the <br /> necessity for temporary relocation and of the tenant's rights in conne( <br /> tion with the relocation. Temporary relocation activities are describ( <br /> more fully in a later section of this Plan. <br /> 8. Final Feasibility Analysis <br /> Utilizing the proposed contract amount from the selected bid, the <br /> base rent calculated according to program regulations, an allowance <br /> for utilities (if any) , and the estimated cost of temporary relocation <br /> (if any) , and assuming the terms and rate of available financing and <br /> a contingency of ten percent of the contract amount, the Rehabilitatior <br /> Advisor will calculate the Moderate Rehabilitation Gross Rent and its <br /> term. HUD regulations for establishing the loan period, contained in <br /> 24 CFR 882.409, will be followed. The financing rate will be calculate <br /> at an anticipated rate, based on information obtained by the Authority <br /> during its initial discussions with lenders, or based on information <br /> supplied by the owner if he has obtained a financing commitment. <br /> Based on this analysis, the Rehabilitation Advisor will make a <br /> final determination of whether the owner's proposal is feasible under <br /> the Moderate Rehabilitation Program Fair Market Rents and regulations. <br /> For proposals which are not found feasible, the Rehabilitation Advisor <br /> will evaluate whether the proposal could meet feasibility criteria if <br /> work items were modified and/or the contractor's price were adjusted. <br /> If the possibility of modification exists, the owner will be given <br /> the opportunity to make the changes that would be necessary to bring <br /> the proposal within approvable rent limits. <br /> Proposals determined to be infeasible will be rejected at this <br /> point, and owners will be sent a notification of rejection in accord- <br /> ance with the procedures described in the section, Notification to <br /> Owners, of this Plan. <br /> Owners whose proposals are found to be feasible will be notified <br /> of this fact and will be advised that, subject to the sprurinn nf <br />