Page 74 - A U4SSC deliverable - Guidelines on tools and mechanisms to finance Smart Sustainable Cities projects

to pay the debts of the bankrupted company, no matter how long ago the bankruptcy took place
in some cases.

II. Urbanistic due diligence

2.0. Urban planning evidence, in the form of sketches and excerpts from the general development
plans, be these general urban plans (GUPs), regional development plans (RDPs), strategic
development plans, or any other plan setting the zoning, use and design for the future development
of land in cities, suburban and rural areas.

2.1. Graphic individualization of the real estate, according to the schemes of the GUP of the city,
RDPs, or any other urbanistic code that sets out the purpose of the land as per the spatial planning
system.

2.2. Designation and limitations, according to the GUP and the detailed urban plan (DUP): references
in the GUP of designating the area of the plots in the urban zone, and the generic use (residential,
tertiary, public services, green areas, infrastructure) and purpose designation as set by the plan.

The DUP designates the area of the plots as urban zones with territories with specific use and
purpose designation set by the law for the specific sectors and plots. In cities, these should
necessarily include: urban standards and limitations on urban planning, such as green areas and
service areas, streets, roads, communication lines , electricity lines, sewage, parking, etc.

2.3. Urban parameters according to the GUP:

max. building density (%) max. intensity factor x,x min. green areas (%) max. height allowed (m)

2.4. Regulation status and history: latest registration recorded in the property registry on activities
of creation and amendment of regulation plans affecting the real estate.

2.5. Cadastre proofs: information from the geodesy and cartography agency and the cadastre
office, with the valid cadastral map approved for the locality.

2.6 Applicable sectorial law.

2.7 Applicable tax and fiscal law.

Note: even when urbanistic documents are provided during the analysis, many questions shall
remain as to whether all urbanistic procedures (regulation, expropriation, addition, donation, etc.)
have been completed correctly. Questions will remain also in relation to mortgage beneficiaries
of explicit agreements for the partial or total lift of the established mortgage over the real estate,
which, besides the urbanistic, might also have legal implications.

56 U4SSC: Guidelines on tools and mechanisms to finance Smart Sustainable Cities projects