What does PDR mean? Physicians` Desk Reference PTR stands for Project Technical Review Science, Medicine, Engineering, etc. Eligible Project Costs: The benefits of this program are not directly based on project costs. Rather, the benefits of this program are based on capital improvements to existing properties or the cost of retrofitting new buildings, resulting in a significant increase in ad valorem (property tax). The owner is only entitled to the additional tax increase generated by the project and returned to the CRA as tax increase income. The proposed project must comply with the plan, CRA planning guidelines, and applicable land use regulations, subject to review or approval by the Planning Department and CRA staff of the City of Fort Lauderdale. All construction work must be carried out by licensed contractors with the required building permits and progress checks. Significant improvements to capital assets or new buildings. Significant capital improvements mean that the cost of remediation or renovation exceeds 50% of the current value of the property, as indicated by the Broward County Real Estate Appraiser or private assessment. Special Conditions: If possible, the Developer will do its best to engage Fort Lauderdale contractors to work on approved projects. If a contractor approved by DHC or cra is awarded the contract, this is the cra-funded portion of the project. PROCUREMENT GUIDELINES: The RTP provides for the refund of ad valorem property taxes paid.
A ptrif allocation has a maximum duration of five (5) years and the limits are as follows: Eligible Properties: Any commercial, multi-family or mixed-use building (residential or commercial) in the NPF CRA area whose uses are permitted by applicable land use regulations or approved conditional uses that have undergone significant capital improvements or new construction. Significant capital improvements mean that the cost of remediation and renovation exceeds 50% of the current value of the property, as indicated by the Broward County Real Estate Appraiser or Private Assessment. .