§ 311-4.03. Review of pro forma or other financial statements.

The Board may request an outside review of the pro forma or other financial statements for a project only after the following preconditions have been met:

A. 

Other consultant review has been completed;

B. 

The applicant has had an opportunity to modify its original proposal to address issues raised;

C. 

The Board has had an opportunity to propose conditions to mitigate the project's impacts and to consider requested waivers; and

D. 

The applicant has indicated that it does not agree to the proposed condition(s) or Waiver denial(s) because they would render the project uneconomic. A Board may not conduct review of a pro forma in order to see whether a project would still be economic if the number of dwelling units were reduced, unless such reduction is justified by a valid health, safety, environmental, design, open space, planning, or other local concern that directly results from the size of a project on a particular site, consistent with 760 CMR 56.07(3).