Laserfiche WebLink
<br />Terms and Definitions <br /> <br />"Affected jurisdiction" means any county, city, or town in which all or a portion of a qualifying <br />project is located. <br /> <br />"Appropriating body" means the body responsible for appropriating or authorizing funding to <br />pay for a qualifying project. <br /> <br />"Comprehensive agreement" means the comprehensive agreement between the private entity <br />and the responsible public entity that is required prior to the development or operation of a <br />qualifying project. <br /> <br />"Conceptual stage" means the initial phase of project evaluation when the public entity makes a <br />determination whether the proposed project serves a public purpose, meets the criteria for a <br />qualifying project, assesses the qualifications and experience of a private entity proposer, reviews <br />the project for financial feasibility, and warrants further pursuit. <br /> <br />"Cost-benefit analysis" means an analysis that weighs expected costs against expected benefits <br />in order to choose the best option. For example, a city manager may compare the costs and <br />benefits of constructing a new office building to those of renovating and maintaining an existing <br />structure in order to select the most financially advantageous option. <br /> <br />"Detailed stage" means the second phase of project evaluation where the public entity has <br />completed the conceptual stage and accepted the proposal and may request additional information <br /> <br />Page 27 of 29 <br />