Technical Feasibility. Technical fea- sibility reports shall be prepared by in- dividuals who have previous experience in the design and analysis of similar fa- cilities and/or processes as are proposed in the application. The technical feasi- bility reports shall address the suit- ability of the selected site for the in- tended use, including an environmental impact analysis. The report shall be based upon verifiable data and contain sufficient information and analysis so that a determination may be made on the technical feasibility of achieving the levels of income and/or production that are projected in the financial statements. The report shall also iden- tify any constraints or limitations in these financial projections and any other facility or design related factors which might affect the success of the enterprise. The report shall also iden- tify and estimate project operating and development costs and specify the level of accuracy of these estimates and the assumptions on which these estimates have been based. For the purpose of the technical feasibility reports, the project engineer or architect may be considered an independent party pro- vided the principals of the firm or any individual of the firm who participates in the technical feasibility report does not have a financial interest in the project, and provided further that no other individual or firm with the exper- tise necessary to make such a deter- mination is reasonably available to perform the function.
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