Page 77 - A U4SSC deliverable - Guidelines on tools and mechanisms to finance Smart Sustainable Cities projects

A preliminary run of the financials defining the returns should be already feasible, considering the
direct cash returns (fees, rents, and sales) and the accountable KPIs.

Please note that, although more complicated for private investors, public investors should be
able to calculate and account for the KPIs, taking into consideration important values of indirect
return, such as land value increase in neighbouring areas, the recycling of assets, and the life span
extension of those assets.

Note: All official documents, certifications, permits, plans, and deeds, existing in any public
or private body, are of utmost importance for any further permit or licensing procedure in the
development process, as they could lead to potential challenges by third parties, incurring costs
in time and money that would hamper chances of success. The best strategy is to divulge them
if found, undertaking a procedure to modify or adopt what is said in these, or, if not found, to
make a clear statement of the lack of these and therefore show good faith in the proceeds by
the developer/investor with “good business manner” and to their “best knowledge”. Receiving
independent local legal and technical professional advice is mandatory.

U4SSC: Guidelines on tools and mechanisms to finance Smart Sustainable Cities projects 59