(i) the estimated revenues of the project or the monies of the
corporation will be sufficient to cover all probable costs of operation
and maintenance, all fixed charges and operating reserves and
depreciation reserves if any;
(ii) the plans and specifications conform to the requirements of all
laws applicable thereto and assure light, air, sanitation and fire
protection;
(iii) the project is in conformity with an approved urban renewal
plan, as defined in article fifteen of the general municipal law.