Cost of Scheme

58-A Cost of Scheme.- (1) The town development scheme shall include,- (i) A brief summary of all the costs including the cost of development cost of compensation, Legal expenses if any, establishment cost etc; (ii) A brief summary of the revenue generation from the scheme, Loan component repayment and grants, if any; (iii) all sums payable by the Town and Country Development authority under the provisions of this Act, which are not specifically excluded from the costs of the scheme; (iv) all sums spent or estimated to be spent by the Town and Country Development Authority in the making and execution of the scheme; (v) all sums payable as compensation for land reserved or designated for any public purpose or for the purpose's of the Town and Country Development Authority which is solely beneficial to the owners of land or residents within the area of the scheme; (vi) such portion of the sums payable as compensation for land reserved or designated for any public purpose or for the purpose of the Town and Country Development Authority, which is beneficial partly to the owners of land or residents within the area of the scheme and partly to the general public, as is attributable to the benefit accruing to the owners of land or residents within the area of the scheme from such reservation or designation; (vii) all legal expenses incurred by the Town and Country Development Authority in the making and in the execution of the scheme; (viii) any amount by which the total amount of the values of the original plots exceeds the total amount of the values of the plots included in the final scheme, each of such plots being estimated at its market value at the date of the declaration of intention to make a scheme, with all the buildings and works thereon at the said date and without reference to improvements contemplated in the scheme other than improvements due to alteration of its boundaries; (ix) Amount towards cost of infrastructure as may be prescribed for the area adjacent to the area of the scheme as is necessary for the purpose of and incidental to the scheme. (2) If in any case the total amount of the values of the plots included in the final scheme exceeds the total amount of the values of the original plots, each of such plots being estimated in the manner provided in clause (viii) of sub-section (1), then the amount of such excess shall be deducted in arriving at the costs of the scheme as defined in sub-section (1).