Agenda Packet Sept 17 2012PERSON COUNTY
BOARD OF COUNTY COMMISSIONERS
MEETING AGENDA
304 South Morgan Street, Room 215
Roxboro, NC 27573-5245
336-597-1720
Fax 336-599-1609
September 17, 2012
9:00 am
CALL TO ORDER…………………………………………………. Chairman Clayton
INVOCATION
PLEDGE OF ALLEGIANCE
DISCUSSION/ADJUSTMENT/APPROVAL OF AGENDA
ITEM #1
Resolution of Recognition …………………………………………. Chairman Clayton
PUBLIC HEARING:
ITEM #2
Request to Rezone Tax Map 102 Parcel 149 on Patterson Drive
Adjacent to Meadowbrook Subdivision and Optimist Park from
Residential to Rural Conservation ……………………………………. Paula Murphy
ITEM #3
Consideration to Grant or Deny Request to Rezone Tax Map
102 Parcel 149 on Patterson Drive Adjacent to Meadowbrook
Subdivision and Optimist Park from Residential to
Rural Conservation ………………………………………………... Chairman Clayton
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INFORMAL COMMENTS
Board of Commissioners established a 10 minute
APPROVAL OF MINUTES:
The Person County
segment which is open for informal comments and/or questions from citizens
of this county on issues, other than those issues for which a public hearing
has been scheduled. The time will be divided equally among those wishing to
comment. It is requested that any person who wishes to address the Board,
register with the Clerk to the Board prior to the meeting.
ITEM #4
August 20, 2012
TAX ADMINISTRATIVE REPORT:
ITEM #5
Releases for the month of July, 2012
LD BUSINESS:
EM #6
O
IT
Presentation of the Person County
ty
…………Heidi York & John Hill
EW BUSINESS:
EM #7
Follow-up
Recreation and Senior Center Project Feasibili
Study …………………………………………………
N
IT
Study for a Potential Joint Person-Durham Multi-
……….. Heidi York
EM #8
Feasibility
Jurisdictional Business Park ………………………………………
IT
roperability Plan for Emergency Responders
… Wes Lail & Heidi York
EM #9
Voice Inte
Lease Agreement ……………………………………………
IT
unty Non-Smoking Ordinance ……………………………… Janet Clayton Person Co
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ITEM #10
Approving an Installment Financing Contract and
various
my Wehrenberg
EM #11
Resolution
Other Documents and Providing for Certain Matters in
Connection with the Financing of a portion of the costs of
Capital Improvements ……………………………………………… A
IT
nty Re-Roofing Projects for School Buildings
………. Amy Wehrenberg
EM #12
Person Cou
Capital Project Ordinance …………………………………
IT
edule of Values and set Public Hearing ……………………. Russell Jones
EM #13
Accept Sch
IT
n –Cares Enough to Wear Pink Days ……………….. Chairman Clayton
EM #14
Proclamatio
IT
– Craven County 300th Anniversary …………………. Chairman Clayton
EM #15
Resolution
IT
endment ……………………………………………...…. Amy Wehrenberg
CHAIRMAN’S REPORT
ANAGER’S REPORT
OMMISSIONER REPORTS/COMMENTS
LOSED SESSION (if desired by the Board)
ote: All Items on the Agenda are for Discussion and Action as deemed
Budget Am
M
C
C
N
appropriate by the Board.
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RESOLUTION OF APPRECIATION
WHEREAS, Judith Casseday has served the people of Person County
during her tenure as a Vocational Evaluator at Person
Industries; and
WHEREAS, Judith Casseday has served the citizens of Person County
with honor, integrity, sincerity and dedication, providing
accurate, concise services for twenty-one years, October,
1991 – August, 2012; and
WHEREAS, Judith Casseday has earned the respect and admiration of
all who have known her and worked with her throughout
her career; and
WHEREAS, the County of Person recognizes the many contributions
Judith Casseday has made to the County and offers her
sincere best wishes for her retirement.
NOW, THEREFORE, I, Jimmy B. Clayton, Chairman of the Person County
Board of Commissioners, do hereby extend this Resolution of Appreciation
to Judith Casseday for continually striving to make Roxboro and Person
County a better place to live and work.
Adopted this, the 17th day of September, 2012.
____________________________________
Jimmy B. Clayton, Chairman
Person County Board of Commissioners
Attest:
____________________________________
Brenda B. Reaves
Clerk to the Board
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August 20, 2012
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PERSON COUNTY BOARD OF COMMISSIONERS AUGUST 20, 2012
MEMBERS PRESENT OTHERS PRESENT
Jimmy B. Clayton Heidi York, County Manager
Kyle W. Puryear C. Ronald Aycock, County Attorney
B. Ray Jeffers Brenda B. Reaves, Clerk to the Board
Samuel R. Kennington
Frances P. Blalock
The Board of Commissioners for the County of Person, North Carolina, met in
regular session on Monday, August 20, 2012 at 9:00 am in the Commissioners’ meeting
room in the Person County Office Building.
Chairman Clayton called the meeting to order, led invocation and asked
Commissioner Kennington to lead the Pledge of Allegiance.
DISCUSSION/ADJUSTMENT/APPROVAL OF AGENDA:
Chairman Clayton asked the Board to consider adding the following two items to
the agenda:
1) Recognition of Sheriff Department Staff to follow the approval of the
agenda, and
2) Item #4, add discussion of reorganization of the EDC Board
A motion was made by Commissioner Jeffers, seconded by Vice Chairman
Puryear and carried 5-0 to add to the agenda Recognition of Sheriff Department Staff to
follow the approval of the agenda.
A motion was made by Commissioner Kennington, seconded by Commissioner
Blalock and carried 5-0 to add discussion to item #4, Board and Committee
Appointments, related to reorganization of the Economic Development Board and to
approve the agenda as adjusted.
RECOGNITION OF SHERIFF DEPARTMENT STAFF:
Chairman Clayton and Board members recognized Sheriff Dewey Jones, Chief
Deputy Al Rhew, Captain AJ (Joe) Weaver, Sergeant John Walker, Investigator Mark
Massey, and Deputy Mickey Rodgers who were present at the meeting. Deputy Dustin
Harris and Investigator Jamie Harris were not present but were included in the
recognition. Chairman Clayton extended each a Certificate of Appreciation from the US
Department of Justice Federal Bureau of Investigation for outstanding assistance in a
joint investigative effort. Sheriff Jones stated it was a privilege and an honor for him and
his staff to be recognized noting they were happy to be a part of a high profile case that
eradicated an individual that was considered armed and dangerous out of Person County.
Commissioner Kennington asked for a moment of silence in memory of former
Person County Commissioner, Stony Stonbraker.
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INFORMAL COMMENTS:
The following individual appeared before the Board to make informal comments:
Ms. Mikel (Blossom) Gardner of 1001 Gardner Road, Roxboro represented the
Museum of History noting the dependence upon the Tourism Development Authority’s
(TDA) 1% of occupancy tax receipts for its budget as well as the consideration and
support of TDA for other grant funds for specific programs. Ms. Gardner described the
upcoming Farm Day program scheduled for the second week of September.
APPROVAL OF MINUTES:
A motion was made by Commissioner Jeffers, seconded by Commissioner
Blalock, and carried 5-0 to approve the minutes of August 6, 2012.
NEW BUSINESS:
2011 CDBG SCATTERED SITE REHABILITATION PROGRAM:
Julie Reid, Grants Administrator with the Kerr-Tar Regional Council of
Governments stated documents are required to be approved, executed and submitted to
the Department of Commerce, Community Investment and Development to obtain a
release of funds and to begin the project. Ms. Reid requested Board approval for
authorization to execute said documents which included:
A. A resolution authorizing the execution of a Funding/Grant Agreement and other
required documents to allow the acceptance of a $400,000 grant for the 2011
Person County Scattered Site Housing Rehabilitation Program.
B. Resolution identifying personnel given the authority to execute requisitions.
C. Project Ordinance – specifying the budget for the grant.
D. Contract for Administrative Service
E. Use of Experienced Administrator form
F. Performance Based Contract
A motion was made by Commissioner Blalock, seconded by Commissioner
Jeffers, and carried 5-0 to approve and authorize execution of the required documents to
allow the acceptance of a $400,000 grant for the 2011 Person County Scattered Site
Housing Rehabilitation Program as presented.
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ANNUAL REPORT FROM PC TOURISM DEVELOPMENT AUTHORITY:
Tourism Development Authority (TDA) Director, Margaret McMann presented
the Board with the 2011-2012 Annual Report that included historical and statistical data,
projects supported and outcomes, occupancy tax data and future directives.
Ms. McMann stated the tourism impact on Person County increased 6.84% over
2010 totals noting the state and local tax revenues from travel to Person County
amounted to $2.5 million representing a $63.07 tax savings to each resident.
Ms. McMann noted the lakes (Hyco and Mayo) are the biggest draws for Person
County highlighting a traffic count at Mayo being 63,000 with 52% being out of town
guests as well as 3,132 people using the Mayo camp site during a seven month period.
Ms. McMann announced a new venture with UNC-Greensboro’s Tourism
Management class for Person County to have an intern to complete a comprehensive
inventory of tourism and hospitality resources so to create a strategic tourism
development plan and create drafts of promotional, informational materials.
Ms. McMann told the Board hotel occupancy rates continue to be good due to the
plant outages, new plant start ups, family reunions, and weddings.
Ms. Mann invited the group to visit the TDA office located at 29 Reams Avenue.
Commissioner Blalock asked about the Eat, Shop and Enjoy program. Ms.
McMann noted TDA’s support of the program through promotion, further noting the
program has not done as well due primarily to RDG not having a full time Main Street
Director.
Commissioner Jeffers asked Ms. McMann to confirm the occupancy totals for the
last two years. Ms. McMann reported the 2011-12 occupancy tax was at $170,000
comparable to $155,000 the year before noting the tax rate increased from 5% to 6% in
October, 2011 with that 1% increase actual revenues allocated to the Person County
Museum.
Commissioner Kennington inquired about the 210 jobs that were listed in the
Annual Report. Ms. McMann stated the state considers the hospitality industry noting a
percentage of jobs related to the hotels, restaurant workers, attractions, events, trucking
companies, etc., are counted. Commissioner Kennington asked about the wine industry.
Ms. McMann stated the Rock of Ages Winery is not listed on the Haw River Trail but on
the Triangle Trail. Commissioner Kennington requested TDA’s assistance to help
promote and persuade the Rock of Ages Winery to get on the Haw River Trail. Ms.
McMann noted her willingness to meet with the owner to assist with the required
qualifications to get on the Haw River Trail noting TDA’s advertising/promotion for the
winery in the past.
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Commissioner Kennington asked Ms. McMann about working with the Hyco
Lake Authority. Ms. McMann noted brochures have been printed as well as a grant
awarded to update their website for online reservations which she understands is in
process.
Ms. McMann told the group that the Chamber is considering revamping the
Personality event to a major concert venue plus other separate events.
REORGANIZATION OF THE EDC BOARD AND BOARD/COMMITTEE
APPOINTMENTS:
Chairman Clayton stated the Economic Development Commission appointments
have been on hold for awhile and presented the Board for discussion and consideration a
Resolution Reconstructing the Membership of the Person County Economic
Development Board.
Commissioner Kennington stated his support for reconstructing the membership
of the Economic Development Board designating specific positions versus personalities
including all major stakeholders.
A motion was made by Commissioner Kennington, seconded by Commissioner
Blalock, to adopt the Resolution Reconstructing the Membership of the Person County
Economic Development Board.
Commission Jeffers stated his concerns related to taking action while there were
board appointments on hold as well as consideration for minority representation.
Vice Chairman Puryear asked Chairman Clayton if the current Economic
Development Commission (EDC) Chairman had knowledge of the proposed resolution.
Chairman Clayton stated the resolution before the board had not been brought to
anyone’s attention other than the County Attorney. Chairman Clayton noted
reorganization has been discussed for quite some time noting it has been suggested by the
former EDC Chairman as well as recommended in the Strategic Plan. Chairman Clayton
added that if the resolution passed favorably, he would be requesting the County Manager
to set a meeting on Thursday (August 23, 2012) and to have regular monthly meetings.
County Attorney, Ron Aycock clarified that the Board could amend the resolution
before them to add a term limit to the member at-large appointed seat noting that was the
only appointed position with all others being position-based.
Commissioner Blalock noted the Economic Development Director was not listed
and inquired as to that individual’s role with the proposed restructure of EDC. Mr.
Aycock assumed that the Economic Development Director would be the principle staff to
the EDC (non-voting capacity).
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An amended motion was made by Commissioner Kennington, seconded by
Commissioner Blalock, to adopt the Resolution Reconstructing the Membership of the
Person County Economic Development Board with #2, item b-9 of the resolution to
reflect the member at-large to be elected by the Board of County Commissioners for a
two-year term.
A substitute motion was made by Vice Chairman Puryear to entertain the
Resolution at the Board’s next meeting in September to allow the EDC members to be
present to thank personally for their contributions to the community and to give them
time to know this is a proposal being considered by the Board of Commissioners and to
not to do this without notification. Vice Chairman Puryear stated his support of the idea
to restructure as proposed by the former Chairman of EDC but opposed dissolution of the
EDC without prior notification. Chairman Clayton stated the substitute motion died
for lack of a second.
The amended motion carried 4-1 with Vice Chairman Puryear casting the lone
dissenting vote.
A motion was made by Chairman Clayton, seconded by Commissioner Jeffers,
and carried 5-0 to appoint Kenneth Perry as the at-large individual to the Economic
Development Board.
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Clerk to the Board, Brenda Reaves presented the Board with citizen applications
for consideration for appointment in response to Person County’s ad soliciting volunteers
published in the Courier Times on July18, 2012 with a deadline to submit application by
noon on August 14, 2012. Ms. Reaves noted the highlighted boards denote a competitive
board and are eligible for the informal interview process requesting direction be given to
the Clerk to organize and inform the applicants of the informal interviews or consider
waiving the process and Board nominate the applicants for appointment.
- Board of Adjustment
Unexpired Term to June 30, 2013: 1 position available due to resignation
1) Herb Harris served on the Board Adjustment as a voting member July 1,
1996 to June 30, 2008 at which time he was appointed to serve and is still
the current non-voting alternate for an unspecified term. Mr. Harris
requested Board consideration to fill the unexpired term due to the recent
resignation.
2) William Gold Brooks requested appointment
A motion was made by Commissioner Jeffers, seconded by Chairman Clayton,
and carried 5-0 to appoint Herb Harris to fill the unexpired term to June 30, 2013 as well
as appoint William Gold Brooks to fill the alternate position on the Board of Adjustment.
- Tourism Development Board
Unexpired Term to December 31, 2012: 1 position available due to resignation
Options:
1) Accommodate Ms. McMann’s requested to appoint Ms. Ellen Baer as outlined
in the attached correspondence to complete term to 12/31/12
2) Advertise, solicit applications, hold informal interviews, if desired to fill the
unexpired vacancy to 12/31/12
3) Consider the short term appointment candidate(s) as well as for the new 3 year
appointment that will be due at end of year will you choose to advertise the
vacancy
4) Consider the impact of not filling the vacancy at this time and wait to appoint
when the 12/31/12 term expirations are advertised, etc.
A motion was made by Commissioner Jeffers, seconded by Commissioner
Blalock, and carried 5-0 to appoint Ms. Ellen Baer to fill the unexpired term to
December 31, 2012 on the Tourism Development Board.
- Planning Board
3-Year Term: 2 positions available
1) Michael Brandon requested appointment
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A motion was made by Commissioner Jeffers, seconded by Commissioner
Blalock, and carried 5-0 to appoint Michael Brandon to the Planning Board for a 3-year
term.
There were no applications received for the vacant positions advertised for the
Juvenile Crime Prevention Council, Person Area Transportation System Board,
Roxboro/Person County Human Relations Commission, and Work Force Development
Board. These board and committee vacancies will be re-advertised at a later date.
DSS ATTORNEY CONTRACTS:
Interim Director for the Department of Social Services (DSS), Carlton Paylor,
requested approval for the DSS Attorney Contracts for legal services to be paid at an
hourly rate to the agency’s primary attorney, Tom Fitzgerald, and secondary attorneys,
Walter Cates, Julie Ramsey and Joe Weinberger noting there are separate contracts for
Child Support services so there are two contracts per attorney. Mr. Paylor told the Board
the attorneys represent DSS for child protective services, foster care, child support, adult
protective services and guardianship cases for adults. Mr. Paylor noted that due to the
increasing amount of cases the total hours was increased from 500 to 600 for this fiscal
year. Mr. Paylor confirmed the hourly rate also increased from $125 to $135 per hour.
A motion was made by Commissioner Jeffers, seconded by Vice Chairman
Puryear, and carried 5-0 to approve the Department of Social Services Contracts for
legal services to be paid at an hourly rate to the agency’s primary attorney, Tom
Fitzgerald, and secondary attorneys, Walter Cates, Julie Ramsey and Joe Weinberger as
presented.
UTILITY EASEMENT FOR PERSON COUNTY SCHOOLS’ NEW LEARNING
ACADEMY:
General Services Director, Ray Foushee recommended to the Board of
Commissioners for Person County to grant Progress Energy a utility easement. Mr.
Foushee stated Progress Energy is requesting a utility easement, which will consist of an
underground power line that originates at a pad mounted transformer located in front of
the Person County owned School Bus Garage, and goes underground across County
property to serve power to the new Person County Schools’ Learning Academy located
on NC Highway 49 North. The Progress Energy easement will be 10 foot wide, with the
County receiving $1.00 for this consideration.
A motion was made by Commissioner Blalock, seconded by Vice Chairman
Puryear, and carried 5-0 to approve the utility easement requested by Progress Energy to
serve power to the new Person County Schools’ Learning Academy.
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RECYCLING GRANTS FOR PERSON COUNTY SCHOOLS:
Commissioner Blalock stated it is a responsibility of the Board of Commissioners
to identify and maximize the use of all assets and resources. Commissioner Blalock
stated NC General Statute 130A-309.09A notes a local government solid waste
responsibility and she read “each local government shall develop a 10-year
comprehensive solid waste management plan to make a good faith effort to achieve the
state’s goal of 40% of municipal solid waste reduction. Each unit of the local
government shall implement programs and take other actions determined necessary to
address deficiencies and service or capacity required to meet local needs and to protect
human health and the environment. A unit of local government may adopt ordinances
governing the disposal in facilities that it operates”. Commissioner Blalock stated
Person County is at the 3-year evaluation period of its Solid Waste Plan. Commissioner
Blalock stated Person County reduced its waste stream about 1,000 tons the first year the
MRF was opened with 1,400 tons the following year and 1,600 tons this year noting the
total waste stream in Person County is approximately 40,000 tons. 16,000 tons of waste
would need to be reduced in Person County to reach the state’s 40% goal. Commissioner
Blalock stated at the current rate, it will take 70 years to reach that goal noting the
potential revenue to be earned (16,000 tons at $115 per ton = $1.8 million).
Commissioner Blalock stated the purpose of the recycling grants is to encourage
public and private schools to provide public outreach and education to students, parents
and staff about recycling.
The amount of funds available for the grant program will be 50% of the average
annual revenue generated per ton for each ton over the previous year’s collection. Funds
will come from the County’s General Fund. The amounts used in the formula will be
determined in August after the end of the fiscal year. Allocations will be made once
annually and the total amount available is $25,000.
Formula
For example, if funds had been allocated in FY13 budget process using this formula, then
the county would have allocated $14,490 to the school recycling grant program. Any k-
12 school located in Person County could apply for the funds. Funds that are not
allocated during the grant process would go back into the General Fund.
Sample Calculation for FY2013
FY-1 = FY12
FY-2 = FY11
FY12 tons recycled=1658
FY11 tons recycled=1406
FY12 average $ per ton = $115
(1658-1406) * $115*.50= $14,490
August 20, 2012
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Commissioner Blalock stated the grant funds must be used to promote recycling
and the schools will be required to report annually to Person Industries and the Person
County Solid Waste Advisory Committee (SWAC) about how the money was used and
what programs were implemented to promote recycling.
Commissioner Blalock requested the Board to provide input related to including
the recycling grants program in the FY2014 budget process noting the schools have an
avenue to inform and educate parents to increase recycling efforts.
Commissioner Jeffers suggested Board consideration that if committed to the
proposal that commitment also will be needed to Person Industries (PI) to have the means
to handle the increase in recycling.
Wanda Rogers, PI Director, thanked Person High School Special Education
classes for complimenting PI’s efforts by teaching students the vocation to work beyond
high school in the recycling center.
Chairman Clayton thanked all schools for their recycling efforts.
A motion was made by Commissioner Blalock, seconded by Commissioner
Kennington, and carried 5-0 to pursue the recycling grants program process for next
fiscal year.
BROADBAND GRANTING AUTHORITY:
Assistant County Manager, Sybil Tate told the Board that on June 28, 2012, the
General Assembly ratified an act that gives counties the authority to provide grants to
promote high-speed internet access service in un-served areas for economic development.
The act stipulates that grant money can be provided to qualified private providers,
awarded on a technology neutral basis and may require matching funds from the private
provider. Only unrestricted general fund revenue may be used for grants.
The act requires counties to use the procedures outlined in § 160A-340.6 to solicit
proposals. Proposals must include information about the vendor’s experience and
qualifications, ability to secure financing, ability to carry out the necessary work tasks
and a cost estimate. The county will be required to contact vendors by mail, advertise in
the newspaper and on the county web page 30 days in advance of the due date.
Ms. Tate stated minutes from the February 12, 2009 Person County High Speed
Committee included an estimate of $500,000 to provide wireless service to un-served
areas of the county which would pay for approximately 15 towers and the equipment
needed at the provider’s office and in the home. Ms. Tate noted an updated estimate is
needed.
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Ms. Tate presented the Board with a draft Request for Proposal (RFP) for
broadband public-private partnership and requested input related for further research to
proceed with an RFP and what requirements should be included, such as matching funds,
total amount of grant award, etc., for funding for a broadband grant program to be
allocated through the FY2014 budget process.
Vice Chairman Puryear stated his support to proceed with the RFP.
Commissioner Blalock advocated for the county to retrieve some of the funds
allocated through the public-private partnership once the un-served areas have the
service.
Chairman Clayton asked the County Attorney to clarify the law related to the
granting authority. County Attorney, Ron Aycock confirmed General Assembly gave the
counties the authority to exercise cooperation with private entities to the extent of giving
grants to private entities for the purpose of providing internet access to un-served areas
noting the RFP process will explore the possibilities with the private sector, i.e., an
agreement that a company voluntarily reimburse the county could be an option. Mr.
Aycock stated the county has no taxing authority.
Commissioner Jeffers told the group that Rockingham County has started the
process noting a RFP has to be done in order to award grants. Chairman Clayton
commented a potential opportunity would be to collect revenue when private entities
located equipment on county property. Commissioner Jeffers advocated for the service,
once expanded, to remain affordable.
Ms. Tate stated CenturyLink was awarded a grant by the federal government to
expand broadband however; CenturyLink does not plan to expand further in Person
County.
Chairman Clayton stated the local activity around the county, he believes, is due
to fiber being buried for the federal/state partnership for a digital loop that serves all
community colleges and schools throughout the state.
Commissioner Kennington advocated for 100% coverage for internet access and
requested further study for providing such coverage to the un-served areas.
County Manager, Heidi York stated the RFP process will indicate the needs in the
community and costs.
Vice Chairman Puryear requested for staff to proceed as quickly as possible. Ms.
York and Ms. Tate noted there is a 30-day notice in the RFP process.
It was the consensus of the Board for staff to move forward with the RFP process.
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BUDGET AMENDMENT:
Finance Director, Amy Wehrenberg presented and explained the following
Budget Amendment.
Upon a motion by Commissioner Kennington, and a second by Vice Chairman
Puryear and majority vote (5-0), the Board of Commissioners of Person County does
hereby amend the Budget of the General Fund(s) on this, the 20th day of August 2012,
as follows:
Dept./Acct No. Department Name Amount
Incr / (Decr)
EXPENDITURES General Fund
Public Safety
60,000
Human Services
757,784
Community Development Block Grant
(400,000)
Waterline Extension Construction Project-ARRA
(1,512,000)
REVENUES General Fund
Intergovernmental Funds
757,784
Fund Balance Appropriation
60,000
Community Development Block Grant
Intergovernmental Funds
(400,000)
Waterline Extension Construction Project-ARRA
Intergovernmental Funds
(1,512,000)
Explanation:
Appropriating fund balance in Law Enforcement Restricted Fund for the purchase of
eligible equipment under the federal seizure and forfeiture guidelines ($60,000);
recording the Community Transformations Grant received from the Center for Disease
Control (CDC) in the Health Department for smoke-free strategies and healthy living
incentives ($757,784); closing out Community Development Block Grant (-$400,000)
that was completed in FY 2011; and closing out the ARRA Waterline Extension
Construction Project (-$1,512,000) which was completed in FY 2012.
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CHAIRMAN’S REPORT:
Chairman Clayton reported on the following:
NC Association of County Commissioners (NCACC) Legislative Goals due by
September 17, 2012. County Manager, Heidi York stated she would facilitate the
process for the Board and asked the Board members to send any legislative goals
to her by the second week of September noting each submitted goal will require a
letter from the Board Chairman on behalf of the Board. Commissioner Jeffers
added that over half of the goals that were adopted two years ago by the NCACC
were passed into legislation.
Recognized and congratulated Commissioner Jeffers as President Elect of
NCACC
Announced the Kerr-Tar COG Annual Awards Banquet which is scheduled to be
held on Thursday, September 27, 2012 at the Warren County Armory & Civic
Center noting he will be moving into the Vice Chairman position. Chairman
Clayton updated the group that the search committee is presently working to fill
the COG Executive Director position.
MANAGER’S REPORT:
County Manager, Heidi York requested Board consensus for the joint meeting
with the City of Roxboro on Tuesday, September 25, 2012 at 6:00 pm at the Police
Department training room. Ms. York noted on that same date (September 25),
CertainTeed has invited Board members to an Open House tour scheduled from 9:00 am
– 3:00 pm, further noting the COG Banquet is that same week on Thursday evening,
September 27, 2012. It was the consensus of the Board to confirm the joint meeting with
the City of Roxboro on September 25, 2012 at 6:00 pm. Ms. York asked the Board about
pursuing a joint meeting with the Board of Education before or after the election. It was
the consensus of the Board to schedule the meeting following the election and once the
new board is in place.
Ms. York stated the Board, at its next meeting, would be hearing the proposal
from the feasibility study related to the Durham and Person counties joint venture. Ms.
York noted Durham County preferred to have a joint meeting after the site selection step
of the process.
Chairman Clayton asked Ms. York to schedule an Economic Development Board
meeting for Thursday, August 23, 2012. It was the consensus of the Board to direct Ms.
York to notify the previous Economic Development Commission members of the action
taken by the Board of Commissioners to restructure the Economic Development Board
at the conclusion of the Board of Commissioners’ meeting. Ms. York added that an
announcement related to an Economic Development Director is forthcoming.
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COMMISSIONER REPORT/COMMENTS:
Commissioner Kennington inquired as to the status of the Tolling Agreement.
County Attorney, Ron Aycock stated the Tolling Agreement which extended the statute
of limitations related to the Force Protection project whereby the county is exploring the
return of some of the incentives due to the failure to meet the requirements for the
number of jobs. Mr. Aycock noted there are ongoing negotiations at this time with a
meeting scheduled this week with the attorneys, further noting, the county is within the 1-
2 week deadline for the agreement to expire. County Manager, Heidi York noted she
would be on a conference call this date with the attorneys and representatives of Force
Protection/General Dynamics to further discuss and would have an update after that time.
Commissioner Blalock commented on the following:
Recently visited Mr. Leonard Grant on McGhee’s Mill Road who once had an
issue related to a non-conforming lot and now has a beautiful room.
Talked with Anthony Talley and Ron Garrett related to complaints on Roby
Barton Road due to the additional traffic related to the GKN expansion and they
will be reducing the speed limit from 55 to 45 mph.
Announced contractors can take shingles to the Oxford landfill ($24.00 per ton
charge) to be recycled into a paving product
Hope Taylor of Clean Water will be at the Senior Center on Thursday evening,
August 23, 2012 at 7:00 pm related to fracking.
Commissioner Jeffers commented on the following:
Thanked the Board for their support as he was seeking office with the NCACC.
Noted the NACo president was present at the recent NCACC conference to
which he received an appointment for the Vice Chairman of the Rural Action
Caucus for the Rural Affairs Subcommittee, further noting North Carolina
received many appointments this year.
Recommended web site related to social studies/civics for educational purposes –
icivics.org
Reported savings related to the NACo prescription card noting 360 Person
County citizens have used for 10,270 prescriptions with a total savings at
$154,000 which is an average savings of 26.5% above the national average of
24% - the card can be used for pet products as well.
Announced the Democratic party has an office at 212 N. Madison Blvd with an
Open House scheduled from 5:00 – 7:30 pm.
Vice Chairman Puryear had no report.
60
August 20, 2012
34
A motion was made by Commissioner Jeffers, seconded by Commissioner
Kennington, and carried 5-0 to recess briefly at 11:01 am prior to the orientation
training.
The Board reconvened its meeting at 11:10 am.
BOARD ORIENTATION TRAINING USING IPADS:
The Board received group and individual orientation training using iPads with
Gary Latta and Chris Puryear from the Person County IT Department.
Vice Chairman left the meeting at 11:21 am.
Chairman Clayton announced an EDC meeting will be held on Thursday morning,
August 23, 2012 at 9:30 am in the conference room located in the Tax/Register of Deeds
Office.
ADJOURNMENT:
A motion was made by Commissioner Blalock, seconded by Commissioner
Jeffers, and carried 5-0 to adjourn the meeting at 11:23 am.
_____________________________ ______________________________
Brenda B. Reaves Jimmy B. Clayton
Clerk to the Board Chairman
(Draft Board minutes are subject to the Board approval).
61
AGENDA ABSTRACT
Meeting Date: September 17, 2012
Agenda Title: Releases for July 2012
Summary of Information: Attached please find the tax releases for July 2012
Recommended Action: Motion to accept report.
Submitted By: Russell Jones, Tax Administrator
62
COSSYS PERSON COUNTY TAX OFFICE COLLECTION SCROLL-12:LEVY ADJUSTMENTS ALL TAX YEARS 07302012 PAGE: 1
ACCOUNT # COLREC COUNTY-TAX DISTRICT DISTRICT DOG PENALTY INT/DISC LIEN-COST TOTAL NUMBER TRNREC CLRK DATE DISTRICT-"
15726 1112011 SHERROD JOHN EDWARD G35 COUPE CP 15726 111 57001 -42.30 0.00- 0 0.00- 0 0.00 0.00 0.00 0.00 -42.30 14848R 795 MP 07022012 REASON:TAG TURNED IN VEH
48168 3012012 MOORE DEWEY L & TURID S H/L LONG AVE 48168 301 12958 -906.62 0.00- 0 0.00- 0 0.00 0.00 0.00 0.00 -906.62 6171R 798 CW 07022012 -795.24-50 0.00 0.00 -795.24__________ -1701.86 REASON:FOR 2012 CIRCUIT BREAKER TAX
783912352012 JONES COY DOUGLAS GOLD WING 1200 ASP MC 78391235 63684 -4.95 0.00- 0 0.00- 0 0.00 0.00 0.00 0.00 -4.95 14849R 822 MP 07062012 REASON:TAG TURNED IN VEHICLE SOLD
4624332572012 CARSWELL JENNIFER NICHOLE SUNFIRE CP 462433257 65706 0.00 0.00- 0 0.00- 0 0.00 0.00 0.00 0.00 0.00 14850R 823 MP 07062012 -30.88-50 0.00 0.00 -30.88__________ -30.88 REASON:NOT CITY
362637372012 WILSON CYNTHIA CRUMPTON MUSTANG GT V 8 CP 36263737 66186 -70.17 0.00- 0 0.00- 0 0.00 0.00 0.00 0.00 -70.17 14851R 824 MP 07062012 REASON:TAG TURNED IN VEHICLE SOLD
1489139012012 EAKES ANNETTE WHITFIELD FORENZA 4S 148913901 66350 -29.29 0.00- 0 0.00- 0 0.00 0.00 0.00 0.00 -29.29 14852R 825 MP 07062012 REASON:TAG TURNED IN VEHICLE TOTAL LOSS
6083122642012 YAVELAK GREGORY CR V LX 4WD AUTO SW 608312264 64713 -54.67 0.00- 0 0.00- 0 0.00 0.00 0.00 0.00 -54.67 14853R 826 MP 07062012 REASON:RELEASE TO ORANGE COUNTY
1511212872012 POOLE GEORGE THOMAS PICKUP F150 1/2 TON TK 151121287 63736 -7.42 0.00- 0 0.00- 0 0.00 0.00 0.00 0.00 -7.42 14854R 827 MP 07062012 REASON:RELEASE TO CASWELL COUNTY
287026302012 CLAYTON JOHN LEE ACCORD LX 4S 28702630 65079 -15.39 0.00- 0 0.00- 0 0.00 0.00 0.00 0.00 -15.39 14855R 828 MP 07062012 REASON:TAG TURNED IN VEHICLE SOLD
38646 1112011 FRANKS ROBERT DANIEL TRAILBLAZER EXT 2WD MP 38646 111 56230 -7.08 0.00- 0 0.00- 0 0.00 0.00 0.00 0.00 -7.08 14856R 829 MP 07062012 REASON:TAG TURNED IN VEHICLE SOLD
60759 1112011 KRANK TAYLOR PATRICE CHARGER SXT 4S 60759 111 60191 -127.75 0.00- 0 0.00- 0 0.00 0.00 0.00 0.00 -127.75 14857R 830 MP 07062012 -112.06-50 0.00 0.00 -112.06__________ -239.81 REASON:RELEASE TO BEAUFORT
60759 1112011 KRANK TAYLOR PATRICE CHARGER SXT 4S 60759 111 60191 127.75 0.00- 0 0.00- 0 0.00 0.00 0.00 0.00 127.75 14857R 831 MP 07062012 112.06-50 0.00 0.00 112.06__________ 239.81 REASON:RELEASE MUNICIPAL FEE
60759 1112011 KRANK TAYLOR PATRICE CHARGER SXT 4S 60759 111 60191 -127.75 0.00- 0 0.00- 0 0.00 0.00 0.00 0.00 -127.75 14857R 832 MP 07062012 -122.06-50 0.00 0.00 -122.06__________ -249.81 REASON:RELEASE TO BEAUFORT COUNTY
5973753122012 GRAVITT BOBBY DAVID CAMRY 4S 597375312 67761 -20.93 0.00- 0 0.00- 0 0.00 0.00 0.00 0.00 -20.93 14858R 833 MP 07062012 REASON:RELEASE TO GRANVILLE
5905620112012 SLAYDON SHANNON CARDEN SUNFIRE CP 590562011 64460 -8.81 0.00- 0 0.00- 0 0.00 0.00 0.00 0.00 -8.81 14859R 836 CW 07092012 REASON:SOLD VEH TURNED IN TAG
5576311882012 TOLER ALICE ALLEN ACCORD LX 4S 557631188 63637 -13.44 0.00- 0 0.00- 0 0.00 0.00 0.00 0.00 -13.44 14860R 837 MP 07092012 -21.79-50 0.00 0.00 -21.79__________ -35.23 REASON:TAG TURNED IN VEHICLE CANCELLED TO VIRGINIA
63
COSSYS PERSON COUNTY TAX OFFICE COLLECTION SCROLL-12:LEVY ADJUSTMENTS ALL TAX YEARS 07302012 PAGE: 2
ACCOUNT # COLREC COUNTY-TAX DISTRICT DISTRICT DOG PENALTY INT/DISC LIEN-COST TOTAL NUMBER TRNREC CLRK DATE DISTRICT-"
994424542012 CARVER TALMADGE BRENT MAXIMA SE 4S 99442454 64903 -33.39 0.00- 0 0.00- 0 0.00 0.00 0.00 0.00 -33.39 14861R 838 MP 07092012 REASON:TOTAL LOSS TITLE
4771239942012 WHEELER WILLIAM BURNETTE JR PICKUP X CAB 4WD 1/2 TTK 477123994 66443 -93.24 0.00- 0 0.00- 0 0.00 0.00 0.00 0.00 -93.24 14862R 839 MP 07092012 REASON:TAG TURNED IN VEHICLE SOLD HAD TAG LESS THAN ONE MONTH
15565 1112011 WALLER ROBERT DYSON PICKUP S10 4WD 1/2 TONTK 15565 111 55237 -7.27 0.00- 0 0.00- 0 0.00 0.00 0.00 0.00 -7.27 14863R 840 MP 07092012 REASON:TAG TURNED IN VEHICLE SODL
4639227952012 SMITH DIANA BRIDGES PICKUP 1500 1/2 TON TK 463922795 65244 -28.41 0.00- 0 0.00- 0 0.00 0.00 0.00 0.00 -28.41 14864R 841 MP 07092012 -24.92-50 0.00 0.00 -24.92__________ -53.33 REASON:TAG TURNED IN VEHICLE SOLD
5108835502012 BAREFOOT WANDA MATHEWS ROGUE FWD MP 510883550 65999 0.00 0.00- 0 0.00- 0 0.00 0.00 0.00 0.00 0.00 14865R 842 MP 07092012 -127.46-50 0.00 0.00 -127.46__________ -127.46 REASON:NOTE CITY
3760125622012 BIRCH RANDY JOHN PICKUP F150 4X4 1/2 TOTK 376012562 65011 0.00 0.00- 0 0.00- 0 0.00 0.00 0.00 0.00 0.00 14866R 843 MP 07092012 -42.85-50 0.00 0.00 -42.85__________ -42.85 REASON:NOT CITY
5305743062012 KAROW PATRICE BARBARA SENTRA 4S 530574306 66755 -50.26 0.00- 0 0.00- 0 0.00 0.00 0.00 0.00 -50.26 14867R 844 MP 07092012 REASON:RELEASE TO ORANGE COUNTY
60132 3022012 SATTERFIELD CLYDE ANTHONY 53 & 70/100AC/LOT 5 60132 302 27627 -369.43 0.00- 0 0.00- 0 0.00 0.00 0.00 0.00 -369.43 6173R 845 CW 07092012 REASON:APPROVED FOR LAND USE FOR 2012
6089346022012 FULENWIDER CATHERINE LINDSAY X3 2 5 SW 608934602 67051 -101.15 0.00- 0 0.00- 0 0.00 0.00 0.00 0.00 -101.15 14867R 848 MP 07102012 REASON:RELEASE TO ORANGE COUNTY
6089446342012 CHAVIS THEODORE ROOSEVELT 2009 LGCH TL TL 608944634 67083 -21.00 0.00- 0 0.00- 0 0.00 0.00 0.00 0.00 -21.00 14868R 849 MP 07102012 REASON:RELEASE TO GRANVILLE COUNTY
3571615662012 LAGRONE LUTHER EDWARD JR PICKUP F150 1/2 TON TK 357161566 64015 -5.81 0.00- 0 0.00- 0 0.00 0.00 0.00 0.00 -5.81 14869R 850 MP 07102012 REASON:TAG TURNED IN VEHICLE SOLD
4257930422012 PERSON LIMO SERVICES TOWN CAR LM 425793042 65491 -9.72 0.00- 0 0.00- 0 0.00 0.00 0.00 0.00 -9.72 14870R 851 MP 07102012 -8.52-50 0.00 0.00 -8.52__________ -18.24 REASON:TAG TURNED IN VEHICLE SOLD
4798745972012 WILSON DEBORAH MANGUM COBALT 4S 479874597 67046 -14.00 0.00- 0 0.00- 0 0.00 0.00 0.00 0.00 -14.00 14871R 852 MP 07102012 REASON:CONDITION ADJUSTMENT HAIL DAMAGE
60058 1112011 CHASE WENDI LOU P UP C1500 X CAB 1/2 TTK 60058 111 55981 -51.89 0.00- 0 0.00- 0 0.00 0.00 0.00 0.00 -51.89 14872R 853 MP 07102012 REASON:TAG TURNED IN VEHICLE SOLD
21645 3032012 SMITH AMELIA M & HIRES VIVIAN 3 & 79/100 ACRES 21645 303 19511 -24.50 0.00- 0 0.00- 0 0.00 0.00 0.00 0.00 -24.50 6174R 854 RH 07102012 REASON:NO PERC LETTER RECD FOR 2012
20162 3082012 BUCHANAN RUFUS T & SANDRA M 2 ACRES 20162 308 19792 -51.96 0.00- 0 0.00- 0 0.00 0.00 0.00 0.00 -51.96 6175R 855 RH 07102012 REASON:CREATE LH F SW REC 27526
5161228802012 CAULDER JULIE WILLIAMS CAVALIER 4S 516122880 65329 -10.18 0.00- 0 0.00- 0 0.00 0.00 0.00 0.00 -10.18 14873R 857 RH 07112012 REASON:TURN IN TAG SOLD VEH
64
COSSYS PERSON COUNTY TAX OFFICE COLLECTION SCROLL-12:LEVY ADJUSTMENTS ALL TAX YEARS 07302012 PAGE: 3
ACCOUNT # COLREC COUNTY-TAX DISTRICT DISTRICT DOG PENALTY INT/DISC LIEN-COST TOTAL NUMBER TRNREC CLRK DATE DISTRICT-"
5807821462012 LADSON KEITH ALLEN RAINIER AWD MP 580782146 64595 -39.90 0.00- 0 0.00- 0 0.00 0.00 0.00 0.00 -39.90 14874R 858 MP 07112012 REASON:TAG TURNED IN VEHICLE TOTAL LOSS
651036042012 SUITT LYNDA EDWARDS EXPLORER SPT TRAC XLT MP 65103604 66053 -11.02 0.00- 0 0.00- 0 0.00 0.00 0.00 0.00 -11.02 14875R 859 MP 07112012 REASON:MILEAGE ADJ 10 PERDCENT
5928846332012 DAVIS WILLIAM ALEXANDER MALIBU 1LT 4S 592884633 67082 -17.10 0.00- 0 0.00- 0 0.00 0.00 0.00 0.00 -17.10 14876R 861 MP 07122012 -15.00-50 0.00 0.00 -15.00__________ -32.10 REASON:MILEAGE ADJ OF 15 66 PERCENT
631421362012 CLAY BLANCH BOWMAN COROLLA 4S 63142136 69085 -11.06 0.00- 0 0.00- 0 0.00 0.00 0.00 0.00 -11.06 14877R 863 RH 07132012 REASON:TURN IN TAG SOLD VEH
214040692012 CHAMBERS TIMOTHY MARSHALL VT 750C MC 21404069 71018 -12.60 0.00- 0 0.00- 0 0.00 0.00 0.00 0.00 -12.60 14878R 866 MP 07132012 REASON:TAG TURNED IN VEHICLE SOLD HAD TAG LESS THAN ONE MONTH
2728033142012 GATES JOSEPH STEPHEN SR 30 FT CT 272803314 65763 -43.19 0.00- 0 0.00- 0 0.00 0.00 0.00 0.00 -43.19 14879R 867 MP 07132012 REASON:RELEASE TO ORANGE COUNTY
1181320842012 LATTA ANTHONY RAY JR P UP RAM 1/2 TON QUAD TK 118132084 69033 -48.77 0.00- 0 0.00- 0 0.00 0.00 0.00 0.00 -48.77 14879R 868 MP 07132012 REASON:TAG TURNED IN VEHICLE TOTAL LOSS
1086933882012 PHILLIPS TERRY WAYNE XC90 MP 108693388 70337 0.00 0.00- 0 0.00- 0 0.00 0.00 0.00 0.00 0.00 14880R 870 MP 07132012 -140.84-50 0.00 0.00 -140.84__________ -140.84 REASON:NOTE CITY
6089348492012 FULENWIDER CATHERINE LINDSAY MINI COOPER S CNTRY AWSW 608934849 71798 -174.23 0.00- 0 0.00- 0 0.00 0.00 0.00 0.00 -174.23 14881R 871 MP 07132012 REASON:RELEASE TO ORANGE COUNTY
59435 1112011 WRIGHT CAROLYN SUE NEON SXT 4S 59435 111 54460 -23.10 0.00- 0 0.00- 0 0.00 0.00 0.00 0.00 -23.10 14882R 872 CW 07162012 REASON:SOLD VEH TURNED IN TAG
4958451412012 STONE AMANDA DUNCAN ACCORD EX 4S 495845141 67590 -31.12 0.00- 0 0.00- 0 0.00 0.00 0.00 0.00 -31.12 14883R 873 MP 07162012 REASON:MILEAGE AJUSTMENT OF 36 90 PERCENT
112731752012 HICKS LUCINDA GORDON 8 FT UTILITY TRAILER TL 11273175 65624 -2.53 0.00- 0 0.00- 0 0.00 0.00 0.00 0.00 -2.53 14884R 874 MP 07162012 -2.22-50 0.00 0.00 -2.22__________ -4.75 REASON:VALUE TO STAY 500
5769453572012 THACH NGHIA NGOC CHALLENGER SXT CP 576945357 67806 0.00 0.00- 0 0.00- 0 0.00 0.00 0.00 0.00 0.00 14885R 875 MP 07162012 -146.86-50 0.00 0.00 -146.86__________ -146.86 REASON:NOT CITY
6111749352012 MCCAIN YOSHIKA SHONETEL ALTIMA 2 5 4S 611174935 71884 -149.17 0.00- 0 0.00- 0 0.00 0.00 0.00 0.00 -149.17 14886R 876 MP 07162012 -140.84-50 0.00 0.00 -140.84__________ -290.01 REASON:RELEASE TO PITT COUNTY
5708243092012 BARTELMEY JEREMEY EDWARD TUNDRA D CAB SR5 V8 TK 570824309 66758 -86.58 0.00- 0 0.00- 0 0.00 0.00 0.00 0.00 -86.58 14887R 877 MP 07162012 REASON:TAG TURNED IN VEHICLE SOLD
3878830972012 WILHELM CHASITY LEILANI PICKUP F150 4X4 1/2 TOTK 387883097 70046 -9.29 0.00- 0 0.00- 0 0.00 0.00 0.00 0.00 -9.29 14888R 878 MP 07172012 -8.15-50 0.00 0.00 -8.15__________ -17.44 REASON:GAINED 4 MONTHS
65
COSSYS PERSON COUNTY TAX OFFICE COLLECTION SCROLL-12:LEVY ADJUSTMENTS ALL TAX YEARS 07302012 PAGE: 4
ACCOUNT # COLREC COUNTY-TAX DISTRICT DISTRICT DOG PENALTY INT/DISC LIEN-COST TOTAL NUMBER TRNREC CLRK DATE DISTRICT-"
850918732012 NEEDHAM HARLAN LEIGH ANTIQUE 2S 85091873 68822 -14.00 0.00- 0 0.00- 0 0.00 0.00 0.00 0.00 -14.00 14889R 879 MP 07182012 REASON:CONDITION ADJ VALUE TO STAY 1000
32834 1012012 D & T LAWN CARE BUSINESS PERSONAL 32834 101 40585 -44.73 0.00- 0 0.00- 0 0.00 0.00 0.00 0.00 -44.73 6176R 880 RH 07182012 REASON:CLOSED BUS 2010//EQUIP NOW PERSONAL
779143702012 HOWERTON ANTHONY LANE ACADIA SLT2 4X2 MP 77914370 71319 -31.09 0.00- 0 0.00- 0 0.00 0.00 0.00 0.00 -31.09 14890R 881 MP 07182012 REASON:MILEAGE ADJ OF 14 02 PERCENT
2128328292012 BARBOUR RICKY RAY XS1100 MC 212832829 65278 -3.71 0.00- 0 0.00- 0 0.00 0.00 0.00 0.00 -3.71 14891R 882 MP 07182012 REASON:TAG TURNED IN MC SOLD
59539 3022012 JOHNSON PHYLLIS M & JAMES A 1&79/100 ACRES/DW&L 59539 302 6364 -47.58 0.00- 0 0.00- 0 0.00 -4.76 0.00 0.00 -52.34 6177R 883 CW 07192012 REASON:SINGLEWIDE WAS SOLD AND BILLED ON RECORD NBR 27610 FOR 2012
3199143132012 DIXON JAMES CLINT SR COMPASS SPORT 4X2 MP 319914313 71262 0.00 0.00- 0 0.00- 0 0.00 0.00 0.00 0.00 0.00 14892R 885 MP 07192012 -124.20-50 0.00 0.00 -124.20__________ -124.20 REASON:NOT CITY
56976 1012012 ROXBORO FAMILY DENTISTRY BUSINESS PERSONAL 56976 101 40718 0.00 0.00- 0 0.00- 0 0.00 -220.97 0.00 0.00 -220.97 6178R 886 RH 07192012 0.00-50 -193.82 0.00 -193.82__________ -414.79 REASON:RELEASE LATE LISTING PEN
946030702012 KELLY STEVEN LEE MOUNTAINEER 4X4 MP 94603070 70019 -14.07 0.00- 0 0.00- 0 0.00 0.00 0.00 0.00 -14.07 14893R 887 MP 07192012 -12.35-50 0.00 0.00 -12.35__________ -26.42 REASON:TAG TURNED IN VEHICLE SOLD
59810 2012012 GRANT RODNEY CLAY PERSONAL/BOAT 59810 201 37099 -7.98 0.00- 0 0.00- 0 0.00 -0.80 0.00 0.00 -8.78 6179R 889 RH 07192012 REASON:DUP BILL SEE REC 36246
58644 1012012 NC DEPT OF TRANSPORTATION 1 LOT VACANT 58644 101 13188 -56.00 0.00- 0 0.00- 0 0.00 0.00 0.00 0.00 -56.00 6180R 890 CW 07192012 REASON:EXEMPT FOR 2012
2618349062012 ROBERSON AMBER SNIPES 4 RUNNER 4WD MP 261834906 67355 -77.71 0.00- 0 0.00- 0 0.00 0.00 0.00 0.00 -77.71 14894R 891 CW 07202012 REASON:SOLD VEH TURNED IN TAG
28482 1012012 COLONY MINI MART BUSINESS PERSONAL 28482 101 36870 -53.37 0.00- 0 0.00- 0 0.00 -5.34 0.00 0.00 -58.71 6181R 892 RH 07202012 -46.81-50 -4.68 0.00 -51.49__________ -110.20 REASON:BUSINESS CLOSED 12/21/11
28482 1012012 BOULEVARD KWIK PIK BUSINESS PERSONAL 28482 101 36777 -51.70 0.00- 0 0.00- 0 0.00 -5.17 0.00 0.00 -56.87 6181R 893 RH 07202012 -45.35-50 -4.54 0.00 -49.89__________ -106.76 REASON:BUSINESS CLOSED 12/31/11
51324022012 WHITLOW GRALEY HOVIS TUNDRA LTD 4X4 TK 5132402 64851 -41.18 0.00- 0 0.00- 0 0.00 0.00 0.00 0.00 -41.18 14895R 894 MP 07232012 REASON:TAG TURNED IN VEHICLE SOLD
1979150062012 MONTAGUE SHELIA LONG TRAILBLAZER 4WD MP 197915006 67455 -36.90 0.00- 0 0.00- 0 0.00 0.00 0.00 0.00 -36.90 14896R 895 MP 07232012 REASON:MILEAGE ADJ OF 46 93 PERCENT
10318 1102010 ALLEN CLAYVON ENVOY 4X4 4DR MP 10318 110 51249 -54.46 0.00- 0 0.00- 0 0.00 0.00 -8.05 0.00 -62.51 14897R 896 MP 07232012 REASON:TEMP
10318 1112011 ALLEN CLAYVON ENVOY 4X4 4DR MP 10318 111 53970 -31.77 0.00- 0 0.00- 0 0.00 0.00 0.00 0.00 -31.77 14898R 897 MP 07232012 REASON:GAINED 5 MONTHS
66
COSSYS PERSON COUNTY TAX OFFICE COLLECTION SCROLL-12:LEVY ADJUSTMENTS ALL TAX YEARS 07302012 PAGE: 5
ACCOUNT # COLREC COUNTY-TAX DISTRICT DISTRICT DOG PENALTY INT/DISC LIEN-COST TOTAL NUMBER TRNREC CLRK DATE DISTRICT-"
1373 3012012 GREEN WILLIAM H HOUSE & LOT 1373 301 11086 -14.00 0.00- 0 0.00- 0 0.00 0.00 0.00 0.00 -14.00 6182R 898 RH 07242012 -12.28-50 0.00 0.00 -12.28__________ -26.28 REASON:REMOVE SHED F2012
1373 3032012 GREEN WILLIAM H LAND & BLDG 1373 303 11088 -14.00 0.00- 0 0.00- 0 0.00 0.00 0.00 0.00 -14.00 6182R 899 RH 07242012 -12.28-50 0.00 0.00 -12.28__________ -26.28 REASON:REMOVE SHED F2012
1373 3012012 GREEN WILLIAM H HOUSE & LOT 1373 301 11086 14.00 0.00- 0 0.00- 0 0.00 0.00 0.00 0.00 14.00 6182R 900 RH 07242012 12.28-50 0.00 0.00 12.28__________ 26.28 REASON:CORRECTION
17241 1012012 RED OAK WELDING & ERECTOR BUSINESS PERSONAL 17241 101 33322 -14.08 0.00- 0 0.00- 0 0.00 -1.41 0.00 0.00 -15.49 6183R 901 RH 07242012 REASON:NO LONGER IN BUS
5784946462012 LARKIN TERRI LYNN GRAND AM SE 4S 578494646 71595 -6.53 0.00- 0 0.00- 0 0.00 0.00 0.00 0.00 -6.53 14897R 902 MP 07242012 REASON:TAG TURNED IN VEHICLE SOLD
438037812012 MORTON GINA ROSS PICKUP F150 4X4 X CAB TK 43803781 66230 -11.00 0.00- 0 0.00- 0 0.00 0.00 0.00 0.00 -11.00 14898R 903 MP 07242012 REASON:MILEAGE ADJ OF 26 27 PERCENT
14334 1022012 SHADY HILL BAPTIST CHURCH VACANT LOT 14334 102 9707 -130.41 0.00- 0 0.00- 0 0.00 0.00 0.00 0.00 -130.41 6184R 904 RH 07252012 -114.39-50 0.00 0.00 -114.39__________ -244.80 REASON:PROPERTY NOW EXEMPT F2012 TAX YEAR
1193437322012 ACKER ROBERT CHARLES ANTIQUE 2S 119343732 66181 -17.50 0.00- 0 0.00- 0 0.00 0.00 0.00 0.00 -17.50 14899R 905 MP 07252012 REASON:VALUE ADJ PER RJONES VALUE TO STAY THE SAME YEAR AFTER YEAR
1014010142012 KIRBY JOAN PATRICIA ROADMASTER LTD 4S 101401014 67963 -6.65 0.00- 0 0.00- 0 0.00 0.00 0.00 0.00 -6.65 14899R 906 RH 07252012 -5.83-50 0.00 0.00 -5.83__________ -12.48 REASON:VEH TOTAL LOSS TURN IN TAG
6081014952012 ELLIXSON GENE DOUGLAS PICKUP W150 4X4 1/2 TOTK 608101495 63944 -7.77 0.00- 0 0.00- 0 0.00 0.00 0.00 0.00 -7.77 14900R 907 MP 07262012 REASON:RELEASE TO GRANVILLE COUNTY
6081027382012 ELLIXSON GENE DOUGLAS TRAILER TL 608102738 69687 -7.00 0.00- 0 0.00- 0 0.00 0.00 0.00 0.00 -7.00 14901R 908 MP 07262012 -6.14-50 0.00 0.00 -6.14__________ -13.14 REASON:RELEASE TO GRANVILLE COUNTY
1325129842012 PERSON PRINTING COMPANY VAN G20 3/4 TON VN 132512984 69933 -32.83 0.00- 0 0.00- 0 0.00 0.00 0.00 0.00 -32.83 14902R 909 MP 07262012 -28.80-50 0.00 0.00 -28.80__________ -61.63 REASON:TAG TURNED IN VEHICLE TOTAL LOSS HAD TAG LESS THAN ONE MONTH
1325129842012 PERSON PRINTING COMPANY VAN G20 3/4 TON VN 132512984 69933 32.83 0.00- 0 0.00- 0 0.00 0.00 0.00 0.00 32.83 14902R 910 MP 07262012 28.80-50 0.00 0.00 28.80__________ 61.63 REASON:MUNICIPLE FEE
1325129842012 PERSON PRINTING COMPANY VAN G20 3/4 TON VN 132512984 69933 -32.83 0.00- 0 0.00- 0 0.00 0.00 0.00 0.00 -32.83 14902R 911 MP 07262012 -38.80-50 0.00 0.00 -38.80__________ -71.63
3717231892012 SMITH WILL JR BOAT TRAILER BT 371723189 65638 0.00 0.00- 0 0.00- 0 0.00 0.00 0.00 0.00 0.00 14903R 912 MP 07262012 -0.61-50 0.00 0.00 -0.61__________ -0.61 REASON:NOT CITY 67
COSSYS PERSON COUNTY TAX OFFICE COLLECTION SCROLL-12:LEVY ADJUSTMENTS ALL TAX YEARS 07302012 PAGE: 6
ACCOUNT # COLREC COUNTY-TAX DISTRICT DISTRICT DOG PENALTY INT/DISC LIEN-COST TOTAL NUMBER TRNREC CLRK DATE DISTRICT-"
53206 1112011 MCANDREW JOSEPH JOHN P UP C1500 X CAB 1/2 TTK 53206 111 56918 -29.82 0.00- 0 0.00- 0 0.00 0.00 0.00 0.00 -29.82 14904R 913 MP 07262012 REASON:TAG TURNED IN VEHICLE SOLD
56990 1112011 CHASE DANETT REGAN CAMRY 4S 56990 111 55671 -17.85 0.00- 0 0.00- 0 0.00 0.00 0.00 0.00 -17.85 14905R 914 MP 07262012 -15.65-50 0.00 0.00 -15.65__________ -33.50 REASON:TAG TURNED IN VEHICLE SOLD
6010816322012 WINSTON ALEXANDER P UP C1500/R10 1/2 TONTK 601081632 68581 -7.91 0.00- 0 0.00- 0 0.00 0.00 0.00 0.00 -7.91 14906R 915 MP 07262012 REASON:RELEASE TO GRANVILLE
60742 1112011 WOMBLE ROBERT THOMAS F 150 STYLESIDE CREW XTK 60742 111 60132 -193.41 0.00- 0 0.00- 0 0.00 0.00 -9.67 0.00 -203.08 14907R 916 MP 07262012 REASON:RELEASE TO CASWELL
325452012012 HERRMANN CHRISTOPHER ROSS FORENZA S 4S 32545201 67650 -25.47 0.00- 0 0.00- 0 0.00 0.00 0.00 0.00 -25.47 14907R 917 MP 07262012 REASON:TAG TURNED IN VEHICLE SOLD
15027 3012012 MILAM BRAD J & DONNA J TIMBER RIDGE/PH1/LTA/H&L 15027 301 18437 -64.31 0.00- 0 0.00- 0 0.00 0.00 0.00 0.00 -64.31 6185R 919 RH 07272012 REASON:CORRECT GRADE AND OFB2
60795 3012012 HEDGEPETH HOLDINGS LLC HOUSE & LOT 60795 301 10865 -3.50 0.00- 0 0.00- 0 0.00 0.00 0.00 0.00 -3.50 6186R 920 RH 07272012 -3.07-50 0.00 0.00 -3.07__________ -6.57 REASON:REMOVE CARPORT F12
1025723032012 PAINTER EDWARD LOUIS SABLE GS 4S 102572303 69252 -6.40 0.00- 0 0.00- 0 0.00 0.00 0.00 0.00 -6.40 14908R 921 RH 07272012 REASON:TURN IN TAG SOLD VEH
9719 3012012 PAYLOR FRED JR HOUSE & LOT 9719 301 2810 -84.00 0.00- 0 0.00- 0 0.00 0.00 0.00 0.00 -84.00 6187R 922 RH 07272012 REASON:CORRECT LAND VALUE F12
7477 3022012 THOMAS LOUISE SALLEY 1 LOT 7477 302 580 -5.60 0.00- 0 0.00- 0 0.00 0.00 0.00 0.00 -5.60 6188R 924 RH 07272012 REASON:CORRECT LAND PER DEED
14822 3012012 LYNCH DAVID E & MARGARET K NORTH FARMS/LT15/MHP/H&L 14822 301 17164 0.00 0.00- 0 0.00- 0 -6.00 0.00 0.00D 0.00 -6.00 6189R 926 CW 07302012 REASON:ONLY HAS 2 DOGS NOT 4 SENT LISTING FORM IN LATE
262 2022012 REAVES PHILLIP PERSONAL/BOAT 262 202 37227 -19.88 0.00- 0 0.00- 0 0.00 0.00 0.00 0.00 -19.88 6190R 927 CW 07302012 REASON:NC ALVIN SHOWS HERMAN REAVES IS THE OWNER OF BOAT
22929 1112011 TINGEN EMILY WHITLOW IMPALA LT 3 5 4S 22929 111 58253 -42.21 0.00- 0 0.00- 0 0.00 0.00 0.00 0.00 -42.21 14909R 929 MP 07302012 REASON:TAG TURNED IN VEHICLE TOTAL LOSS
4696044862012 HADEN WILLIAM BLAIR 2009 RVSI TL TL 469604486 66935 0.00 0.00- 0 0.00- 0 0.00 0.00 0.00 0.00 0.00 14910R 930 MP 07302012 -59.68-50 0.00 0.00 -59.68__________ -59.68 REASON:NOT CITY
4696041502012 HADEN TINA BRYANT PACIFICA TOURING MP 469604150 71099 0.00 0.00- 0 0.00- 0 0.00 0.00 0.00 0.00 0.00 14911R 931 MP 07302012 -71.95-50 0.00 0.00 -71.95__________ -71.95 REASON:NOT CITY
52690 1072007 HOLLAND ROBERT DALE PT CRUISER VN 52690 107 44704 -0.18 0.00- 0 0.00- 0 0.00 0.00 0.00 0.00 -0.18 2007R 934 SRJ 07302012 REASON:UNDER ONE DOLLAR
55004 1082008 LUNSFORD NAOMI ROGERS SABLE LS PREMIUM 4S 55004 108 45674 -0.17 0.00- 0 0.00- 0 0.00 0.00 0.00 0.00 -0.17 2008R 935 SRJ 07302012 -0.23-50 0.00 0.00 -0.23__________ -0.40 REASON:UNDER ONE DOLLAR
68
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ACCOUNT # COLREC COUNTY-TAX DISTRICT DISTRICT DOG PENALTY INT/DISC LIEN-COST TOTAL NUMBER TRNREC CLRK DATE DISTRICT-"
36838 1082008 ROOT DAVID KENNETH VN1500 B2 VULCAN 88SE MC 36838 108 45330 -0.68 0.00- 0 0.00- 0 0.00 0.00 0.00 0.00 -0.68 2008R 936 SRJ 07302012 REASON:UNDER ONE DOLLAR
27285 1092009 MCCRACKEN RANDY & WEBER JANICE PERS/MH/TOMS TLPK 27285 109 48409 -0.37 0.00- 0 0.00- 0 0.00 0.00 0.00 0.00 -0.37 2009R 937 SRJ 07302012 -0.33-50 0.00 0.00 -0.33__________ -0.70 REASON:UNDER ONE DOLLAR
19105 1112011 AVERETTE CHARLES THOMAS PICKUP X CAB 4WD 1/2 TTK 19105 111 58319 -0.39 0.00- 0 0.00- 0 0.00 0.00 0.00 0.00 -0.39 2011R 938 SRJ 07302012 REASON:UNDER ONE DOLLAR
14481 1112011 BOLICK GARY MELVIN WRANGLER X MP 14481 111 58052 -0.02 0.00- 0 0.00- 0 0.00 0.00 0.00 0.00 -0.02 2011R 939 SRJ 07302012 REASON:UNDER ONE DOLLAR
1754 1112011 BOWES TINA PERS/MH/PERSONALIZED VIL 1754 111 60239 -0.03 0.00- 0 0.00- 0 0.00 0.00 0.00 0.00 -0.03 2011R 940 SRJ 07302012 -0.03-50 0.00 0.00 -0.03__________ -0.06 REASON:UNDER ONE DOLLAR
49651 1112011 BRIGGS KELLY BRAY YUKON 4DR 4X4 MP 49651 111 55684 -0.14 0.00- 0 0.00- 0 0.00 0.00 0.00 0.00 -0.14 2011R 941 SRJ 07302012 REASON:UNDER ONE DOLLAR
38073 1112011 BURTON SHARON MARIE G6 4D V6 4S 38073 111 57081 -0.72 0.00- 0 0.00- 0 0.00 0.00 0.00 0.00 -0.72 2011R 942 SRJ 07302012 REASON:UNDER ONE DOLLAR
48366 1112011 DAVIS ASA ZANE CAMRY V6 4S 48366 111 57219 -0.58 0.00- 0 0.00- 0 0.00 0.00 0.00 0.00 -0.58 2011R 943 SRJ 07302012 REASON:UNDER ONE DOLLAR
3876 1112011 DAVIS JEAN WINSTEAD PICKUP K10 4WD 1/2 TONTK 3876 111 58389 -0.49 0.00- 0 0.00- 0 0.00 0.00 0.00 0.00 -0.49 2011R 944 SRJ 07302012 REASON:UNDER ONE DOLLAR
17176 1112011 DUNN TIMMY RAY PICKUP F250 4X4 3/4 TOTK 17176 111 58312 -0.43 0.00- 0 0.00- 0 0.00 0.00 0.00 0.00 -0.43 2011R 945 SRJ 07302012 REASON:UNDER ONE DOLLAR
38972 1112011 EDGE KENNETH & SHERRI SW/ON F HOBBS 38972 111 61480 -0.28 0.00- 0 0.00- 0 -0.01 0.00 0.00 0.00 -0.29 2011R 946 SRJ 07302012 REASON:UNDER ONE DOLLAR
34279 1112011 FERRELL BOBBY OWEN PICKUP C20/R20 3/4 TONTK 34279 111 58494 -0.32 0.00- 0 0.00- 0 0.00 0.00 0.00 0.00 -0.32 2011R 947 SRJ 07302012 REASON:UNDER ONE DOLLAR
20101 1112011 HESTER HOME IMPROVEMENT BUSINESS PERSONAL 20101 111 60470 -0.01 0.00- 0 0.00- 0 0.00 0.00 0.00 0.00 -0.01 2011R 948 SRJ 07302012 REASON:UNDER ONE DOLLAR
46958 1112011 HONEYCUTT JOSEPH LEE JR PICKUP F250 4X4 CREW TK 46958 111 59958 -0.70 0.00- 0 0.00- 0 0.00 0.00 -0.04 0.00 -0.74 2011R 949 SRJ 07302012 REASON:UNDER ONE DOLLAR
32046 1112011 INMAN RICKY RAY FXRS SP MC 32046 111 56667 -0.16 0.00- 0 0.00- 0 0.00 0.00 0.00 0.00 -0.16 2011R 950 SRJ 07302012 -0.22-50 0.00 0.00 -0.22__________ -0.38 REASON:UNDER ONE DOLLAR
56007 1112011 KIDWELL CLARE ELIZABETH TUCSON GLS MP 56007 111 55394 -0.63 0.00- 0 0.00- 0 0.00 0.00 0.00 0.00 -0.63 2011R 951 SRJ 07302012 REASON:UNDER ONE DOLLAR
9728 1112011 KNOTT TRACIE POTTS BLAZER 4DR 4X4 MP 9728 111 56432 -0.16 0.00- 0 0.00- 0 0.00 0.00 0.00 0.00 -0.16 2011R 952 SRJ 07302012 REASON:UNDER ONE DOLLAR
7814 1112011 LONG DEVEREAUX THOMAS RESIDUAL TL 7814 111 59248 -0.10 0.00- 0 0.00- 0 0.00 0.00 0.00 0.00 -0.10 2011R 953 SRJ 07302012 REASON:UNDER ONE DOLLAR
69
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ACCOUNT # COLREC COUNTY-TAX DISTRICT DISTRICT DOG PENALTY INT/DISC LIEN-COST TOTAL NUMBER TRNREC CLRK DATE DISTRICT-"
2274 1112011 LONG ELMER DEAN & PAMELA S 1 & 07/100AC & HOUSE 2274 111 61135 -0.03 0.00- 0 0.00- 0 -0.01 0.00 0.00 0.00 -0.04 2011R 954 SRJ 07302012 REASON:UNDER ONE DOLLAR
51194 1112011 MABRY BILLIE JO 325I 4S 51194 111 56192 -0.78 0.00- 0 0.00- 0 0.00 0.00 0.00 0.00 -0.78 2011R 955 SRJ 07302012 REASON:UNDER ONE DOLLAR
49397 1112011 MANN LESTER WAYNE PICKUP F100 1/2 TON TK 49397 111 57391 -0.17 0.00- 0 0.00- 0 0.00 0.00 0.00 0.00 -0.17 2011R 956 SRJ 07302012 REASON:UNDER ONE DOLLAR
35551 1112011 MAROTTO LISA MARIE SIX 5DR 4S 35551 111 57208 -0.66 0.00- 0 0.00- 0 0.00 0.00 0.00 0.00 -0.66 2011R 957 SRJ 07302012 REASON:UNDER ONE DOLLAR
17288 1112011 MELTON STEPHEN EUGENE JR ACCORD LX P AUTO 4S 17288 111 58305 -0.03 0.00- 0 0.00- 0 0.00 0.00 0.00 0.00 -0.03 2011R 958 SRJ 07302012 REASON:UNDER ONE DOLLAR
35501 1112011 NYE JULIE BLUME 1998 KING TL TL 35501 111 56306 -0.01 0.00- 0 0.00- 0 0.00 0.00 0.00 0.00 -0.01 2011R 959 SRJ 07302012 REASON:UNDER ONE DOLLAR
13948 1112011 REAVES JESSIE JAMES PICKUP F350 4X4 4D DUATK 13948 111 60187 -0.10 0.00- 0 0.00- 0 0.00 0.00 0.00 0.00 -0.10 2011R 960 SRJ 07302012 REASON:UNDER ONE DOLLAR
39112 1112011 RICH CLARICE HELEN G6 4D GT 4S 39112 111 56589 -0.53 0.00- 0 0.00- 0 0.00 0.00 0.00 0.00 -0.53 2011R 961 SRJ 07302012 REASON:UNDER ONE DOLLAR
46561 1112011 RINEHART BRETT DANIEL MUSTANG CP 46561 111 55836 -0.45 0.00- 0 0.00- 0 0.00 0.00 0.00 0.00 -0.45 2011R 962 SRJ 07302012 REASON:UNDER ONE DOLLAR
17219 1112011 ROBERTS RANDY EDWARD TACOMA D CAB PRERUNNERTK 17219 111 54253 -0.40 0.00- 0 0.00- 0 0.00 0.00 0.00 0.00 -0.40 2011R 963 SRJ 07302012 REASON:UNDER ONE DOLLAR
36080 1112011 STEVENS ENTERPRISE CHEROKEE GRAND LTD 4WDMP 36080 111 59623 -0.73 0.00- 0 0.00- 0 0.00 0.00 0.00 0.00 -0.73 2011R 964 SRJ 07302012 REASON:UNDER ONE DOLLAR
36080 1112011 STEVENS ENTERPRISE CHEROKEE GRAND LARED 4MP 36080 111 59319 -0.56 0.00- 0 0.00- 0 0.00 0.00 0.00 0.00 -0.56 2011R 965 SRJ 07302012 REASON:UNDER ONE DOLLAR
52402 1112011 UMSTEAD KESHA NICOLE 1998 COAC HC HC 52402 111 54519 -0.11 0.00- 0 0.00- 0 0.00 0.00 0.00 0.00 -0.11 2011R 966 SRJ 07302012 REASON:UNDER ONE DOLLAR
28855 1112011 VILLINES REGINALD DAVID GRAND AM SE 4S 28855 111 56897 -0.20 0.00- 0 0.00- 0 0.00 0.00 0.00 0.00 -0.20 2011R 967 SRJ 07302012 REASON:UNDER ONE DOLLAR
15565 1112011 WALLER ROBERT DYSON PICKUP S10 4WD 1/2 TONTK 15565 111 55237 -0.16 0.00- 0 0.00- 0 0.00 0.00 0.00 0.00 -0.16 2011R 968 SRJ 07302012 REASON:UNDER ONE DOLLAR
12885 1112011 WATKINS CLYDE FOREST SHORE/P2/L14/VL 12885 111 60579 -0.02 0.00- 0 0.00- 0 0.00 0.00 0.00 0.00 -0.02 2011R 969 SRJ 07302012 REASON:UNDER ONE DOLLAR
24627 1112011 WILBORN JIMMY BASCOM PICKUP F150 SUPERCREW TK 24627 111 54654 -0.57 0.00- 0 0.00- 0 0.00 0.00 0.00 0.00 -0.57 2011R 970 SRJ 07302012 REASON:UNDER ONE DOLLAR
41792 1112011 WILLIAMS TIMOTHY LEE PICKUP F100 1/2 TON TK 41792 111 58403 -0.08 0.00- 0 0.00- 0 0.00 0.00 0.00 0.00 -0.08 2011R 971 SRJ 07302012 REASON:UNDER ONE DOLLAR
53634 1112011 WILSON SHEMEKIA LAVONDUS CAPRICE CLASSIC 4S 53634 111 55925 -0.61 0.00- 0 0.00- 0 0.00 0.00 0.00 0.00 -0.61 2011R 972 SRJ 07302012 REASON:UNDER ONE DOLLAR
70
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ACCOUNT # COLREC COUNTY-TAX DISTRICT DISTRICT DOG PENALTY INT/DISC LIEN-COST TOTAL NUMBER TRNREC CLRK DATE DISTRICT-"
17675 1012012 ACCENT ON SERVICE BUSINESS PERSONAL 17675 101 40773 -0.49 0.00- 0 0.00- 0 0.00 0.00 0.00 0.00 -0.49 2012R 973 SRJ 07302012 REASON:UNDER ONE DOLLAR
4799942962012 ADAMS LARRY STEVEN UTILITY TRAILER TL 479994296 66745 -0.70 0.00- 0 0.00- 0 0.00 0.00 0.00 0.00 -0.70 2012R 974 SRJ 07302012 REASON:UNDER ONE DOLLAR
203011522012 AILKEN WILLIAM HUBERT BOAT TRAILER BT 20301152 68101 -0.70 0.00- 0 0.00- 0 0.00 0.00 0.00 0.00 -0.70 2012R 975 SRJ 07302012 REASON:UNDER ONE DOLLAR
52936 1012012 ALL PRO HEATING & AIR BUSINESS PERSONAL 52936 101 41712 -0.10 0.00- 0 0.00- 0 0.00 0.00 0.00 0.00 -0.10 2012R 976 SRJ 07302012 REASON:UNDER ONE DOLLAR
430725842012 ALLEN NICHOLAS WALTER BOAT TRAILER BT 43072584 65033 -0.70 0.00- 0 0.00- 0 0.00 0.00 0.00 0.00 -0.70 2012R 977 SRJ 07302012 REASON:UNDER ONE DOLLAR
3261317082012 ALLISON RALEIGH BRADFORD BOAT TRAILER BT 326131708 64157 -0.70 0.00- 0 0.00- 0 0.00 0.00 0.00 0.00 -0.70 2012R 978 SRJ 07302012 REASON:UNDER ONE DOLLAR
3261319262012 ALLISON RALEIGH BRADFORD TRAILER TL 326131926 68875 -0.70 0.00- 0 0.00- 0 0.00 0.00 0.00 0.00 -0.70 2012R 979 SRJ 07302012 REASON:UNDER ONE DOLLAR
3074134212012 ALPS TRUBY CAROLYN JOANN RESIDUAL CT 307413421 70370 -0.70 0.00- 0 0.00- 0 0.00 0.00 0.00 0.00 -0.70 2012R 980 SRJ 07302012 REASON:UNDER ONE DOLLAR
1351029782012 ALSTON EUGENE BENSON TRAILER TL 135102978 69927 -0.70 0.00- 0 0.00- 0 0.00 0.00 0.00 0.00 -0.70 2012R 981 SRJ 07302012 REASON:UNDER ONE DOLLAR
5665429622012 ANAYA ALFREDO UTILITY TRAILER TL 566542962 69911 -0.70 0.00- 0 0.00- 0 0.00 0.00 0.00 0.00 -0.70 2012R 982 SRJ 07302012 REASON:UNDER ONE DOLLAR
2713118382012 ANDREWS STEPHEN WAYNE UTILITY TR SINGLE AXLEUL 271311838 64287 -0.77 0.00- 0 0.00- 0 0.00 0.00 0.00 0.00 -0.77 2012R 983 SRJ 07302012 REASON:UNDER ONE DOLLAR
1501214302012 BAILEY ROY PHIL BOAT TRAILER BT 150121430 68379 -0.70 0.00- 0 0.00- 0 0.00 0.00 0.00 0.00 -0.70 2012R 984 SRJ 07302012 REASON:UNDER ONE DOLLAR
4133231682012 BARNETTE S PROWASH UTILITY TRAILER TL 413323168 70117 -0.70 0.00- 0 0.00- 0 0.00 0.00 0.00 0.00 -0.70 2012R 985 SRJ 07302012 REASON:UNDER ONE DOLLAR
191417362012 BARTS EUGENE BOAT TRAILER BT 19141736 68685 -0.70 0.00- 0 0.00- 0 0.00 0.00 0.00 0.00 -0.70 2012R 986 SRJ 07302012 REASON:UNDER ONE DOLLAR
4567514582012 BATEMAN DONALD ALBERT BOAT TRAILER BT 456751458 63907 -0.70 0.00- 0 0.00- 0 0.00 0.00 0.00 0.00 -0.70 2012R 987 SRJ 07302012 REASON:UNDER ONE DOLLAR
1886626572012 BEAKES THOMAS MAHLON UTILITY TRAILER TL 188662657 69606 -0.70 0.00- 0 0.00- 0 0.00 0.00 0.00 0.00 -0.70 2012R 988 SRJ 07302012 REASON:UNDER ONE DOLLAR
545210872012 BEAL WALTER EDWIN JR TRAILER TL 54521087 68036 -0.70 0.00- 0 0.00- 0 0.00 0.00 0.00 0.00 -0.70 2012R 989 SRJ 07302012 REASON:UNDER ONE DOLLAR
1674111902012 BEAVER PAUL TRENT UTILITY TRAILER TL 167411190 63639 -0.70 0.00- 0 0.00- 0 0.00 0.00 0.00 0.00 -0.70 2012R 990 SRJ 07302012 REASON:UNDER ONE DOLLAR
4139117942012 BECKWITH DOUGLAS YARBOROUGH TRAILER TL 413911794 64243 -0.70 0.00- 0 0.00- 0 0.00 0.00 0.00 0.00 -0.70 2012R 991 SRJ 07302012 REASON:UNDER ONE DOLLAR
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ACCOUNT # COLREC COUNTY-TAX DISTRICT DISTRICT DOG PENALTY INT/DISC LIEN-COST TOTAL NUMBER TRNREC CLRK DATE DISTRICT-"
4438728242012 BENJAMIN SCOTT EVERETTE BOAT TRAILER BT 443872824 69773 -0.70 0.00- 0 0.00- 0 0.00 0.00 0.00 0.00 -0.70 2012R 992 SRJ 07302012 REASON:UNDER ONE DOLLAR
1105016282012 BIEVER WILLIAM JOSEPH RESIDUAL TL 110501628 64077 -0.70 0.00- 0 0.00- 0 0.00 0.00 0.00 0.00 -0.70 2012R 993 SRJ 07302012 REASON:UNDER ONE DOLLAR
2185813462012 BIVINS KAREN WHITFIELD UTILITY TRAILER TL 218581346 68295 -0.70 0.00- 0 0.00- 0 0.00 0.00 0.00 0.00 -0.70 2012R 994 SRJ 07302012 REASON:UNDER ONE DOLLAR
1464934622012 BLACKWELL VICTOR CHARLES UTILITY TRAILER TL 146493462 70411 -0.70 0.00- 0 0.00- 0 0.00 0.00 0.00 0.00 -0.70 2012R 995 SRJ 07302012 REASON:UNDER ONE DOLLAR
604613492012 BLALOCK HUGH GLANCE JR UTILITY TRAILER TL 60461349 63798 -0.70 0.00- 0 0.00- 0 0.00 0.00 0.00 0.00 -0.70 2012R 996 SRJ 07302012 REASON:UNDER ONE DOLLAR
981715962012 BLALOCK JACK CECIL JR UTILITY TRAILER TL 98171596 68545 -0.70 0.00- 0 0.00- 0 0.00 0.00 0.00 0.00 -0.70 2012R 997 SRJ 07302012 REASON:UNDER ONE DOLLAR
789412992012 BLALOCK JARRY DAVID BOAT TRAILER BT 78941299 68248 -0.70 0.00- 0 0.00- 0 0.00 0.00 0.00 0.00 -0.70 2012R 998 SRJ 07302012 REASON:UNDER ONE DOLLAR
13140 3052012 BLALOCK RANDY C DEF/T 19/100 ACRES 13140 305 27421 -0.30 0.00- 0 0.00- 0 0.00 0.00 0.00 0.00 -0.30 2012R 999 SRJ 07302012 REASON:UNDER ONE DOLLAR
392011862012 BLALOCK WALLACE MATTHEW UTILITY TRAILER TL 39201186 63635 -0.70 0.00- 0 0.00- 0 0.00 0.00 0.00 0.00 -0.70 2012R 1000 SRJ 07302012 REASON:UNDER ONE DOLLAR
392011862012 BLALOCK WALLACE MATTHEW TRAILER TL 39201186 68135 -0.70 0.00- 0 0.00- 0 0.00 0.00 0.00 0.00 -0.70 2012R 1001 SRJ 07302012 REASON:UNDER ONE DOLLAR
231515152012 BLANKS JOHNNY LAWRENCE UTILITY TRAILER TL 23151515 63964 -0.70 0.00- 0 0.00- 0 0.00 0.00 0.00 0.00 -0.70 2012R 1002 SRJ 07302012 REASON:UNDER ONE DOLLAR
1063235212012 BLAYLOCK WILLIAM MICHAEL TRAILER TL 106323521 65970 -0.70 0.00- 0 0.00- 0 0.00 0.00 0.00 0.00 -0.70 2012R 1003 SRJ 07302012 REASON:UNDER ONE DOLLAR
5169424642012 BOWES DAVID ALLEN BOAT TRAILER BT 516942464 64913 -0.70 0.00- 0 0.00- 0 0.00 0.00 0.00 0.00 -0.70 2012R 1004 SRJ 07302012 REASON:UNDER ONE DOLLAR
61511192012 BOWES DONALD READE BOAT TRAILER BT 6151119 63568 -0.70 0.00- 0 0.00- 0 0.00 0.00 0.00 0.00 -0.70 2012R 1005 SRJ 07302012 REASON:UNDER ONE DOLLAR
2338223172012 BOWES DONALD THAXTON BOAT TRAILER TL 233822317 69266 -0.70 0.00- 0 0.00- 0 0.00 0.00 0.00 0.00 -0.70 2012R 1006 SRJ 07302012 REASON:UNDER ONE DOLLAR
2147917302012 BRADBURN RAY BOAT TRAILER BT 214791730 68679 -0.70 0.00- 0 0.00- 0 0.00 0.00 0.00 0.00 -0.70 2012R 1007 SRJ 07302012 REASON:UNDER ONE DOLLAR
54560 1022012 BRADSHER BROTHERS AUCTION BUSINESS PERSONAL 54560 102 33094 -0.78 0.00- 0 0.00- 0 0.00 0.00 0.00 0.00 -0.78 2012R 1008 SRJ 07302012 REASON:UNDER ONE DOLLAR
863418722012 BRANN BOBBY LEON TRAILER TL 86341872 68821 -0.70 0.00- 0 0.00- 0 0.00 0.00 0.00 0.00 -0.70 2012R 1009 SRJ 07302012 REASON:UNDER ONE DOLLAR
549237192012 BRANN RANDY WILLIAM UTILITY TRAILER TL 54923719 66168 -0.70 0.00- 0 0.00- 0 0.00 0.00 0.00 0.00 -0.70 2012R 1010 SRJ 07302012 REASON:UNDER ONE DOLLAR
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ACCOUNT # COLREC COUNTY-TAX DISTRICT DISTRICT DOG PENALTY INT/DISC LIEN-COST TOTAL NUMBER TRNREC CLRK DATE DISTRICT-"
1090419522012 BREWER JOEL HENRY UTILITY TRAILER TL 109041952 64401 -0.70 0.00- 0 0.00- 0 0.00 0.00 0.00 0.00 -0.70 2012R 1011 SRJ 07302012 REASON:UNDER ONE DOLLAR
13011 1222012 BROOKLAND INC BROOKLAND/VL 13011 122 23423 -0.54 0.00- 0 0.00- 0 0.00 0.00 0.00 0.00 -0.54 2012R 1012 SRJ 07302012 REASON:UNDER ONE DOLLAR
435330022012 BROWN GENE AUTRY UTILITY TRAILER TL 43533002 69951 -0.70 0.00- 0 0.00- 0 0.00 0.00 0.00 0.00 -0.70 2012R 1013 SRJ 07302012 REASON:UNDER ONE DOLLAR
518415492012 BROWNING PHILIP LAYTON JR TRAILER TL 51841549 63998 -0.70 0.00- 0 0.00- 0 0.00 0.00 0.00 0.00 -0.70 2012R 1014 SRJ 07302012 REASON:UNDER ONE DOLLAR
2711612652012 BRYAN JAMES RICHARD RESIDUAL TL 271161265 63714 -0.70 0.00- 0 0.00- 0 0.00 0.00 0.00 0.00 -0.70 2012R 1015 SRJ 07302012 REASON:UNDER ONE DOLLAR
1212319072012 BUFFALO LANDSCAPE MANAGEMENT, UTILITY TRAILER TL 121231907 64356 -0.70 0.00- 0 0.00- 0 0.00 0.00 0.00 0.00 -0.70 2012R 1016 SRJ 07302012 REASON:UNDER ONE DOLLAR
2346644062012 BULLA JEFFERSON DAVIS II TRAILER TL 234664406 71355 -0.70 0.00- 0 0.00- 0 0.00 0.00 0.00 0.00 -0.70 2012R 1017 SRJ 07302012 REASON:UNDER ONE DOLLAR
949022332012 BUTTS DIANE ELIZABETH JET SKI TRAILER SINGLETL 94902233 64682 -0.70 0.00- 0 0.00- 0 0.00 0.00 0.00 0.00 -0.70 2012R 1018 SRJ 07302012 REASON:UNDER ONE DOLLAR
2944823832012 CAMPBELL MICHAEL ANDREW UTILITY TRAILER TL 294482383 64832 -0.70 0.00- 0 0.00- 0 0.00 0.00 0.00 0.00 -0.70 2012R 1019 SRJ 07302012 REASON:UNDER ONE DOLLAR
5761236162012 CARSWELL SAMUAL ROY BOAT TRAILER BT 576123616 70565 -0.70 0.00- 0 0.00- 0 0.00 0.00 0.00 0.00 -0.70 2012R 1020 SRJ 07302012 REASON:UNDER ONE DOLLAR
1214812802012 CARVER HAL GORDON BOAT TRAILER BT 121481280 63729 -0.70 0.00- 0 0.00- 0 0.00 0.00 0.00 0.00 -0.70 2012R 1021 SRJ 07302012 REASON:UNDER ONE DOLLAR
3187611182012 CARVER LANDON SCOTT UTILITY TRAILER TL 318761118 68067 -0.70 0.00- 0 0.00- 0 0.00 0.00 0.00 0.00 -0.70 2012R 1022 SRJ 07302012 REASON:UNDER ONE DOLLAR
2181827532012 CASH JOSEPH LAWRENCE UTILITY TRAILER TL 218182753 65202 -0.70 0.00- 0 0.00- 0 0.00 0.00 0.00 0.00 -0.70 2012R 1023 SRJ 07302012 REASON:UNDER ONE DOLLAR
2181818122012 CASH JOSEPH LAWRENCE BOAT TRAILER BT 218181812 64261 -0.70 0.00- 0 0.00- 0 0.00 0.00 0.00 0.00 -0.70 2012R 1024 SRJ 07302012 REASON:UNDER ONE DOLLAR
142812162012 CAVALIER CONSTRUCTION, INC UTILITY TRAILER TL 14281216 63665 -0.70 0.00- 0 0.00- 0 0.00 0.00 0.00 0.00 -0.70 2012R 1025 SRJ 07302012 REASON:UNDER ONE DOLLAR
1890920352012 CHAMBERS DONALD LEE UTILITY TRAILER TL 189092035 68984 -0.70 0.00- 0 0.00- 0 0.00 0.00 0.00 0.00 -0.70 2012R 1026 SRJ 07302012 REASON:UNDER ONE DOLLAR
528818342012 CHAMBERS JOHNNIE WILLIAM RESIDUAL TL 52881834 68783 -0.70 0.00- 0 0.00- 0 0.00 0.00 0.00 0.00 -0.70 2012R 1027 SRJ 07302012 REASON:UNDER ONE DOLLAR
442527362012 CHAMBERS RONALD CLAY UTILITY TRAILER TL 44252736 65185 -0.70 0.00- 0 0.00- 0 0.00 0.00 0.00 0.00 -0.70 2012R 1028 SRJ 07302012 REASON:UNDER ONE DOLLAR
627113222012 CHAMBERS WILLIE HAYWOOD UTILITY TRAILER TL 62711322 63771 -0.70 0.00- 0 0.00- 0 0.00 0.00 0.00 0.00 -0.70 2012R 1029 SRJ 07302012 REASON:UNDER ONE DOLLAR
73
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ACCOUNT # COLREC COUNTY-TAX DISTRICT DISTRICT DOG PENALTY INT/DISC LIEN-COST TOTAL NUMBER TRNREC CLRK DATE DISTRICT-"
3602517032012 CHAMPION BILLY JOE TRAILER TL 360251703 68652 -0.70 0.00- 0 0.00- 0 0.00 0.00 0.00 0.00 -0.70 2012R 1030 SRJ 07302012 REASON:UNDER ONE DOLLAR
287710712012 CHANDLER CURTIS CLEO UTILITY TRAILER UL 28771071 68020 -0.70 0.00- 0 0.00- 0 0.00 0.00 0.00 0.00 -0.70 2012R 1031 SRJ 07302012 REASON:UNDER ONE DOLLAR
15814 3012012 CIOFFI ANDREW P & ELEANOR M 15/100 ACRE 15814 301 19505 -0.19 0.00- 0 0.00- 0 0.00 0.00 0.00 0.00 -0.19 2012R 1032 SRJ 07302012 -0.17-50 0.00 0.00 -0.17__________ -0.36 REASON:UNDER ONE DOLLAR
1510012252012 CLARK DWAYNE BURTON BOAT TRAILER BT 151001225 63674 -0.70 0.00- 0 0.00- 0 0.00 0.00 0.00 0.00 -0.70 2012R 1033 SRJ 07302012 REASON:UNDER ONE DOLLAR
998132112012 CLAYTON DWAYNE ANTHONY CB 750 MC 99813211 70160 -0.91 0.00- 0 0.00- 0 0.00 0.00 0.00 0.00 -0.91 2012R 1034 SRJ 07302012 REASON:UNDER ONE DOLLAR
621011912012 CLAYTON ELAINE LONG UTILITY TRAILER TL 62101191 63640 -0.70 0.00- 0 0.00- 0 0.00 0.00 0.00 0.00 -0.70 2012R 1035 SRJ 07302012 REASON:UNDER ONE DOLLAR
1003410982012 CLAYTON GAIL TATUM UTILITY TRAILER TL 100341098 68047 -0.70 0.00- 0 0.00- 0 0.00 0.00 0.00 0.00 -0.70 2012R 1036 SRJ 07302012 REASON:UNDER ONE DOLLAR
969816812012 CLAYTON GARY CHRISTOPHER RESIDUAL TL 96981681 68630 -0.70 0.00- 0 0.00- 0 0.00 0.00 0.00 0.00 -0.70 2012R 1037 SRJ 07302012 REASON:UNDER ONE DOLLAR
3008649442012 CLAYTON JAMES DONALD II BOAT TRAILER BT 300864944 67393 -0.70 0.00- 0 0.00- 0 0.00 0.00 0.00 0.00 -0.70 2012R 1038 SRJ 07302012 REASON:UNDER ONE DOLLAR
241413322012 CLAYTON JARVIS RODERICK TRAILER TL 24141332 68281 -0.70 0.00- 0 0.00- 0 0.00 0.00 0.00 0.00 -0.70 2012R 1039 SRJ 07302012 REASON:UNDER ONE DOLLAR
4102732642012 CLAYTON JEREMY TRAVERS UTILITY TRAILER TL 410273264 70213 -0.70 0.00- 0 0.00- 0 0.00 0.00 0.00 0.00 -0.70 2012R 1040 SRJ 07302012 REASON:UNDER ONE DOLLAR
860111732012 CLAYTON VERA WEAVER RESIDUAL TL 86011173 68122 -0.70 0.00- 0 0.00- 0 0.00 0.00 0.00 0.00 -0.70 2012R 1041 SRJ 07302012 REASON:UNDER ONE DOLLAR
287515972012 CLAYTON WILBUR THOMAS JR UTILITY TRAILER TL 28751597 64046 -0.70 0.00- 0 0.00- 0 0.00 0.00 0.00 0.00 -0.70 2012R 1042 SRJ 07302012 REASON:UNDER ONE DOLLAR
1177018492012 CLAYTON WILLIE KYLE BOAT TRAILER BT 117701849 68798 -0.70 0.00- 0 0.00- 0 0.00 0.00 0.00 0.00 -0.70 2012R 1043 SRJ 07302012 REASON:UNDER ONE DOLLAR
1177040132012 CLAYTON WILLIE KYLE BOAT TRAILER BT 117704013 70962 -0.70 0.00- 0 0.00- 0 0.00 0.00 0.00 0.00 -0.70 2012R 1044 SRJ 07302012 REASON:UNDER ONE DOLLAR
5125212282012 CLAYTON WILLIE LAWRENCE JR UTILITY TRAILER TL 512521228 63677 -0.70 0.00- 0 0.00- 0 0.00 0.00 0.00 0.00 -0.70 2012R 1045 SRJ 07302012 REASON:UNDER ONE DOLLAR
5125211502012 CLAYTON WILLIE LAWRENCE JR UTILITY TRAILER TL 512521150 63599 -0.70 0.00- 0 0.00- 0 0.00 0.00 0.00 0.00 -0.70 2012R 1046 SRJ 07302012 REASON:UNDER ONE DOLLAR
1916814832012 COATES GARY DAN RESIDUAL TL 191681483 68432 -0.70 0.00- 0 0.00- 0 0.00 0.00 0.00 0.00 -0.70 2012R 1047 SRJ 07302012 REASON:UNDER ONE DOLLAR
4078826992012 COLE ELIZABETH MOODY UTILITY TRAILER TL 407882699 69648 -0.70 0.00- 0 0.00- 0 0.00 0.00 0.00 0.00 -0.70 2012R 1048 SRJ 07302012 REASON:UNDER ONE DOLLAR
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ACCOUNT # COLREC COUNTY-TAX DISTRICT DISTRICT DOG PENALTY INT/DISC LIEN-COST TOTAL NUMBER TRNREC CLRK DATE DISTRICT-"
60416 2012012 CONWAY JERRELL EDWARD SR PERS/BOAT 60416 201 37274 -0.70 0.00- 0 0.00- 0 0.00 -0.07 0.00 0.00 -0.77 2012R 1049 SRJ 07302012 REASON:UNDER ONE DOLLAR
580052722012 COOKE VAN GEOFFREY UTILITY TRAILER UL 58005272 67721 -0.70 0.00- 0 0.00- 0 0.00 0.00 0.00 0.00 -0.70 2012R 1050 SRJ 07302012 REASON:UNDER ONE DOLLAR
261222792012 COTHRAN HAL TRENT UTILITY TL 26122279 69228 -0.70 0.00- 0 0.00- 0 0.00 0.00 0.00 0.00 -0.70 2012R 1051 SRJ 07302012 REASON:UNDER ONE DOLLAR
1220318242012 COZART CLARENCE GRADY RESIDUAL TL 122031824 64273 -0.70 0.00- 0 0.00- 0 0.00 0.00 0.00 0.00 -0.70 2012R 1052 SRJ 07302012 REASON:UNDER ONE DOLLAR
491022112012 CROSS WILLIAM LEE JR UTILITY TRAILER TL 49102211 69160 -0.70 0.00- 0 0.00- 0 0.00 0.00 0.00 0.00 -0.70 2012R 1053 SRJ 07302012 REASON:UNDER ONE DOLLAR
3519312012012 CRUTCHFIELD JESSIE ALVIN JR BOAT TRAILER BT 351931201 68150 -0.70 0.00- 0 0.00- 0 0.00 0.00 0.00 0.00 -0.70 2012R 1054 SRJ 07302012 REASON:UNDER ONE DOLLAR
228424112012 D & W VAUGHAN INC RESIDUAL TL 22842411 69360 -0.70 0.00- 0 0.00- 0 0.00 0.00 0.00 0.00 -0.70 2012R 1055 SRJ 07302012 REASON:UNDER ONE DOLLAR
5792312662012 DALTON ANGELICA MICHELLE DYNASTY 4S 579231266 63715 -0.06 0.00- 0 0.00- 0 0.00 0.00 0.00 0.00 -0.06 2012R 1056 SRJ 07302012 -0.24-50 0.00 0.00 -0.24__________ -0.30 REASON:UNDER ONE DOLLAR
109414462012 DANIEL BRENDA HILL RESIDUAL UL 10941446 68395 -0.70 0.00- 0 0.00- 0 0.00 0.00 0.00 0.00 -0.70 2012R 1057 SRJ 07302012 REASON:UNDER ONE DOLLAR
19183 3012012 DANIEL CYNTHIA L ROADWAY COVINGTON PLACE 19183 301 18839 -0.11 0.00- 0 0.00- 0 0.00 0.00 0.00 0.00 -0.11 2012R 1058 SRJ 07302012 REASON:UNDER ONE DOLLAR
948251112012 DANIEL JOSEPH SELDEN TRAILER TL 94825111 67560 -0.70 0.00- 0 0.00- 0 0.00 0.00 0.00 0.00 -0.70 2012R 1059 SRJ 07302012 REASON:UNDER ONE DOLLAR
1140113672012 DARK AARON BARRY UTILITY TRAILER UL 114011367 68316 -0.70 0.00- 0 0.00- 0 0.00 0.00 0.00 0.00 -0.70 2012R 1060 SRJ 07302012 REASON:UNDER ONE DOLLAR
2046318642012 DAVIS COREY EDWARD RESIDUAL TL 204631864 68813 -0.41 0.00- 0 0.00- 0 0.00 0.00 0.00 0.00 -0.41 2012R 1061 SRJ 07302012 REASON:UNDER ONE DOLLAR
1019016112012 DAVIS MICHAEL ROBERSON TRAILER TL 101901611 64060 -0.70 0.00- 0 0.00- 0 0.00 0.00 0.00 0.00 -0.70 2012R 1062 SRJ 07302012 REASON:UNDER ONE DOLLAR
1019014712012 DAVIS MICHAEL ROBERSON UTILITY TRAILER TL 101901471 63920 -0.70 0.00- 0 0.00- 0 0.00 0.00 0.00 0.00 -0.70 2012R 1063 SRJ 07302012 REASON:UNDER ONE DOLLAR
1068312092012 DAVIS RICKY LEE BOAT TRAILER BT 106831209 63658 -0.70 0.00- 0 0.00- 0 0.00 0.00 0.00 0.00 -0.70 2012R 1064 SRJ 07302012 REASON:UNDER ONE DOLLAR
1382419812012 DAVIS ROBERT MELVIN JR RESIDUAL TL 138241981 68930 -0.70 0.00- 0 0.00- 0 0.00 0.00 0.00 0.00 -0.70 2012R 1065 SRJ 07302012 REASON:UNDER ONE DOLLAR
2148049142012 DAWSON DUDLEY ATHEY BOAT TRAILER BT 214804914 71863 -0.70 0.00- 0 0.00- 0 0.00 0.00 0.00 0.00 -0.70 2012R 1066 SRJ 07302012 REASON:UNDER ONE DOLLAR
18178 3032012 DAWSON PAMELA READE DEF/T 43/100 AC/TR B 18178 303 23382 -0.68 0.00- 0 0.00- 0 0.00 0.00 0.00 0.00 -0.68 2012R 1067 SRJ 07302012 REASON:UNDER ONE DOLLAR
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ACCOUNT # COLREC COUNTY-TAX DISTRICT DISTRICT DOG PENALTY INT/DISC LIEN-COST TOTAL NUMBER TRNREC CLRK DATE DISTRICT-"
524618082012 DAY BURLEY THOMAS JR TRAILER TL 52461808 68757 -0.70 0.00- 0 0.00- 0 0.00 0.00 0.00 0.00 -0.70 2012R 1068 SRJ 07302012 REASON:UNDER ONE DOLLAR
20008 1012012 DEEP CREEK S/D HOMEOWNERS ASSO DEEP CREEK/VL 20008 101 19313 -0.70 0.00- 0 0.00- 0 0.00 0.00 0.00 0.00 -0.70 2012R 1069 SRJ 07302012 REASON:UNDER ONE DOLLAR
4063611322012 DEESE JONATHAN SCOTT BOAT TRAILER BT 406361132 68081 -0.70 0.00- 0 0.00- 0 0.00 0.00 0.00 0.00 -0.70 2012R 1070 SRJ 07302012 REASON:UNDER ONE DOLLAR
21416762012 DILLARD MANLEY EUGENE UTILITY TRAILER UL 2141676 68625 -0.70 0.00- 0 0.00- 0 0.00 0.00 0.00 0.00 -0.70 2012R 1071 SRJ 07302012 REASON:UNDER ONE DOLLAR
21416392012 DILLARD MANLEY EUGENE RESIDUAL TL 2141639 68588 -0.70 0.00- 0 0.00- 0 0.00 0.00 0.00 0.00 -0.70 2012R 1072 SRJ 07302012 REASON:UNDER ONE DOLLAR
1959917092012 DIXON DARREN BOAT TRAILER BT 195991709 68658 -0.70 0.00- 0 0.00- 0 0.00 0.00 0.00 0.00 -0.70 2012R 1073 SRJ 07302012 REASON:UNDER ONE DOLLAR
54074 1012012 DMX INC BUSINESS PERSONAL 54074 101 41433 -0.38 0.00- 0 0.00- 0 0.00 0.00 0.00 0.00 -0.38 2012R 1074 SRJ 07302012 -0.33-50 0.00 0.00 -0.33__________ -0.71 REASON:UNDER ONE DOLLAR
782511442012 DRUMWRIGHT CLYDE PATRICK UTILITY TRAILER TL 78251144 68093 -0.70 0.00- 0 0.00- 0 0.00 0.00 0.00 0.00 -0.70 2012R 1075 SRJ 07302012 REASON:UNDER ONE DOLLAR
2420717992012 DUNCAN KAYLIN TROY BOAT TRAILER BT 242071799 64248 -0.70 0.00- 0 0.00- 0 0.00 0.00 0.00 0.00 -0.70 2012R 1076 SRJ 07302012 REASON:UNDER ONE DOLLAR
1930018712012 DUNLAP JAMES DENNIS BOAT TRAILER BT 193001871 68820 -0.70 0.00- 0 0.00- 0 0.00 0.00 0.00 0.00 -0.70 2012R 1077 SRJ 07302012 REASON:UNDER ONE DOLLAR
854115162012 DUNN RICKIE LEE BOAT TRAILER BT 85411516 68465 -0.70 0.00- 0 0.00- 0 0.00 0.00 0.00 0.00 -0.70 2012R 1078 SRJ 07302012 REASON:UNDER ONE DOLLAR
180811262012 ELLIOTT CLYDE THOMAS UTILITY TRAILER TL 18081126 63575 -0.70 0.00- 0 0.00- 0 0.00 0.00 0.00 0.00 -0.70 2012R 1079 SRJ 07302012 REASON:UNDER ONE DOLLAR
1495625932012 ELLIOTT DOUGLAS CLINTON BOAT TRAILER BT 149562593 65042 -0.70 0.00- 0 0.00- 0 0.00 0.00 0.00 0.00 -0.70 2012R 1080 SRJ 07302012 REASON:UNDER ONE DOLLAR
668928102012 ELLIOTT JACKSON TILDON BOAT TRAILER TL 66892810 65259 -0.70 0.00- 0 0.00- 0 0.00 0.00 0.00 0.00 -0.70 2012R 1081 SRJ 07302012 REASON:UNDER ONE DOLLAR
3381 3022012 ELLIOTT WINSTON H JR L/H BULKBARN ON G THOMAS 3381 302 23065 -0.70 0.00- 0 0.00- 0 0.00 0.00 0.00 0.00 -0.70 2012R 1082 SRJ 07302012 REASON:UNDER ONE DOLLAR
48219292012 ELLIS MICHAEL STEWART UTILITY TRAILER TL 4821929 64378 -0.70 0.00- 0 0.00- 0 0.00 0.00 0.00 0.00 -0.70 2012R 1083 SRJ 07302012 REASON:UNDER ONE DOLLAR
1757728112012 EMERY ERWIN LLOYD UTILITY TRAILER TL 175772811 69760 -0.70 0.00- 0 0.00- 0 0.00 0.00 0.00 0.00 -0.70 2012R 1084 SRJ 07302012 REASON:UNDER ONE DOLLAR
2134226862012 ENGEN EUGENE ALERT BOAT TRAILER TL 213422686 69635 -0.70 0.00- 0 0.00- 0 0.00 0.00 0.00 0.00 -0.70 2012R 1085 SRJ 07302012 REASON:UNDER ONE DOLLAR
2184311432012 EVANS DAVID EARL UTILITY TRAILER TL 218431143 63592 -0.70 0.00- 0 0.00- 0 0.00 0.00 0.00 0.00 -0.70 2012R 1086 SRJ 07302012 REASON:UNDER ONE DOLLAR
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ACCOUNT # COLREC COUNTY-TAX DISTRICT DISTRICT DOG PENALTY INT/DISC LIEN-COST TOTAL NUMBER TRNREC CLRK DATE DISTRICT-"
3983912142012 EVANS SCOTT HAMILTON UTILITY TRAILER UL 398391214 63663 -0.70 0.00- 0 0.00- 0 0.00 0.00 0.00 0.00 -0.70 2012R 1087 SRJ 07302012 REASON:UNDER ONE DOLLAR
4380039112012 EVERETT MICHAEL HOUSTON RESIDUAL TL 438003911 70860 -0.70 0.00- 0 0.00- 0 0.00 0.00 0.00 0.00 -0.70 2012R 1088 SRJ 07302012 REASON:UNDER ONE DOLLAR
823511532012 EVERETTE PAULA NEATHERY BOAT TRAILER BT 82351153 68102 -0.70 0.00- 0 0.00- 0 0.00 0.00 0.00 0.00 -0.70 2012R 1089 SRJ 07302012 REASON:UNDER ONE DOLLAR
2172510282012 FARMS WRENN TRAILER TL 217251028 67977 -0.70 0.00- 0 0.00- 0 0.00 0.00 0.00 0.00 -0.70 2012R 1090 SRJ 07302012 REASON:UNDER ONE DOLLAR
5098213772012 FARRELL BARRY CHRISTIAN BOAT TRAILER BT 509821377 68326 -0.70 0.00- 0 0.00- 0 0.00 0.00 0.00 0.00 -0.70 2012R 1091 SRJ 07302012 REASON:UNDER ONE DOLLAR
4737611982012 FLEMING ALAN TODD BOAT TRAILER BT 473761198 68147 -0.70 0.00- 0 0.00- 0 0.00 0.00 0.00 0.00 -0.70 2012R 1092 SRJ 07302012 REASON:UNDER ONE DOLLAR
4616926872012 FLOWERS JAMES RANDERSON UTILITY TRAILER TL 461692687 65136 -0.70 0.00- 0 0.00- 0 0.00 0.00 0.00 0.00 -0.70 2012R 1093 SRJ 07302012 REASON:UNDER ONE DOLLAR
220015952012 FOX EARL THOMAS UTILITY TRAILER TL 22001595 68544 -0.70 0.00- 0 0.00- 0 0.00 0.00 0.00 0.00 -0.70 2012R 1094 SRJ 07302012 REASON:UNDER ONE DOLLAR
566011062012 FOX GARY LYNN BOAT TRAILER BT 56601106 68055 -0.70 0.00- 0 0.00- 0 0.00 0.00 0.00 0.00 -0.70 2012R 1095 SRJ 07302012 REASON:UNDER ONE DOLLAR
11811 3012012 FOX LANE PROPERTY OWNERS ASSOC FOX LANE/COMMERCIAL 11811 301 13678 -0.90 0.00- 0 0.00- 0 0.00 0.00 0.00 0.00 -0.90 2012R 1096 SRJ 07302012 REASON:UNDER ONE DOLLAR
602213582012 FOX WALTER EDWARD UTILITY TRAILER TL 60221358 68307 -0.70 0.00- 0 0.00- 0 0.00 0.00 0.00 0.00 -0.70 2012R 1097 SRJ 07302012 REASON:UNDER ONE DOLLAR
2219624862012 FULLER MICHAEL WAYNE UTILITY TRAILER TL 221962486 64935 -0.70 0.00- 0 0.00- 0 0.00 0.00 0.00 0.00 -0.70 2012R 1098 SRJ 07302012 REASON:UNDER ONE DOLLAR
2219616552012 FULLER MICHAEL WAYNE UTILITY TRAILER UL 221961655 64104 -0.70 0.00- 0 0.00- 0 0.00 0.00 0.00 0.00 -0.70 2012R 1099 SRJ 07302012 REASON:UNDER ONE DOLLAR
490911092012 FUQUA DARRELL WAYNE UTILITY TRAILER TL 49091109 68058 -0.70 0.00- 0 0.00- 0 0.00 0.00 0.00 0.00 -0.70 2012R 1100 SRJ 07302012 REASON:UNDER ONE DOLLAR
3747316692012 FUQUA MICHAEL WAYNE BOAT TRAILER BT 374731669 68618 -0.70 0.00- 0 0.00- 0 0.00 0.00 0.00 0.00 -0.70 2012R 1101 SRJ 07302012 REASON:UNDER ONE DOLLAR
296012592012 GALLIMORE DONALD RAY UTILITY TRAILER UL 29601259 63708 -0.70 0.00- 0 0.00- 0 0.00 0.00 0.00 0.00 -0.70 2012R 1102 SRJ 07302012 REASON:UNDER ONE DOLLAR
527020122012 GARNER STEPHEN HARRISON JR JET SKI TRAILER TL 52702012 68961 -0.70 0.00- 0 0.00- 0 0.00 0.00 0.00 0.00 -0.70 2012R 1103 SRJ 07302012 REASON:UNDER ONE DOLLAR
5296626722012 GARRETSON RICHARD STOCKTON BOAT TRAILER BT 529662672 65121 -0.70 0.00- 0 0.00- 0 0.00 0.00 0.00 0.00 -0.70 2012R 1104 SRJ 07302012 REASON:UNDER ONE DOLLAR
628628692012 GARRETT EARL THOMAS UTILITY TRAILER TL 62862869 69818 -0.70 0.00- 0 0.00- 0 0.00 0.00 0.00 0.00 -0.70 2012R 1105 SRJ 07302012 REASON:UNDER ONE DOLLAR
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ACCOUNT # COLREC COUNTY-TAX DISTRICT DISTRICT DOG PENALTY INT/DISC LIEN-COST TOTAL NUMBER TRNREC CLRK DATE DISTRICT-"
120727872012 GARRETT GARY DEAN UTILITY TRAILER TL 12072787 69736 -0.70 0.00- 0 0.00- 0 0.00 0.00 0.00 0.00 -0.70 2012R 1106 SRJ 07302012 REASON:UNDER ONE DOLLAR
4007 3022012 GARRETT HERBERT L & MABEL B 00 & 79/100 ACRE 4007 302 67938 -0.21 0.00- 0 0.00- 0 0.00 0.00 0.00 0.00 -0.21 2012R 1107 SRJ 07302012 REASON:UNDER ONE DOLLAR
3399613972012 GARRETT JERONE KYLE UTILITY TRAILER UL 339961397 68346 -0.70 0.00- 0 0.00- 0 0.00 0.00 0.00 0.00 -0.70 2012R 1108 SRJ 07302012 REASON:UNDER ONE DOLLAR
320620642012 GENTRY BRUCE ROGERS BOAT TRAILER BT 32062064 69013 -0.70 0.00- 0 0.00- 0 0.00 0.00 0.00 0.00 -0.70 2012R 1109 SRJ 07302012 REASON:UNDER ONE DOLLAR
599617522012 GENTRY JAMES ALFRED BOAT TRAILER BT 59961752 68701 -0.70 0.00- 0 0.00- 0 0.00 0.00 0.00 0.00 -0.70 2012R 1110 SRJ 07302012 REASON:UNDER ONE DOLLAR
786113662012 GENTRY LARRY WAYNE UTILITY TRAILER TL 78611366 68315 -0.70 0.00- 0 0.00- 0 0.00 0.00 0.00 0.00 -0.70 2012R 1111 SRJ 07302012 REASON:UNDER ONE DOLLAR
435211392012 GILLILAND LISA JEFFREY BOAT TRAILER BT 43521139 68088 -0.70 0.00- 0 0.00- 0 0.00 0.00 0.00 0.00 -0.70 2012R 1112 SRJ 07302012 REASON:UNDER ONE DOLLAR
1233110182012 GLEI BRYAN KEITH BOAT TRAILER BT 123311018 67967 -0.70 0.00- 0 0.00- 0 0.00 0.00 0.00 0.00 -0.70 2012R 1113 SRJ 07302012 REASON:UNDER ONE DOLLAR
6100528342012 GLENN MARKEY EDWARD JR BOAT TRAILER BT 610052834 69783 -0.70 0.00- 0 0.00- 0 0.00 0.00 0.00 0.00 -0.70 2012R 1114 SRJ 07302012 REASON:UNDER ONE DOLLAR
1580826382012 GODWIN RICHARD GENE BOAT TRAILER BT 158082638 69587 -0.70 0.00- 0 0.00- 0 0.00 0.00 0.00 0.00 -0.70 2012R 1115 SRJ 07302012 REASON:UNDER ONE DOLLAR
4597127012012 GRANT LEONARD REGINALD BOAT TRAILER TL 459712701 69650 -0.70 0.00- 0 0.00- 0 0.00 0.00 0.00 0.00 -0.70 2012R 1116 SRJ 07302012 REASON:UNDER ONE DOLLAR
4058221072012 GRIFFITH DAVID MATTHEW UTILITY TRAILER TL 405822107 69056 -0.70 0.00- 0 0.00- 0 0.00 0.00 0.00 0.00 -0.70 2012R 1117 SRJ 07302012 REASON:UNDER ONE DOLLAR
359418932012 GUARD JEFFREY LEE BOAT TRAILER BT 35941893 68842 -0.70 0.00- 0 0.00- 0 0.00 0.00 0.00 0.00 -0.70 2012R 1118 SRJ 07302012 REASON:UNDER ONE DOLLAR
3944117752012 GUERRANT JOHN KIPLING BOAT TRAILER TL 394411775 64224 -0.70 0.00- 0 0.00- 0 0.00 0.00 0.00 0.00 -0.70 2012R 1119 SRJ 07302012 REASON:UNDER ONE DOLLAR
4685510242012 HACKLER DENNIS EDWIN RESIDUAL TL 468551024 67973 -0.70 0.00- 0 0.00- 0 0.00 0.00 0.00 0.00 -0.70 2012R 1120 SRJ 07302012 REASON:UNDER ONE DOLLAR
3289816132012 HAMLETT PAULINE ODESSA UTILITY TRAILER TL 328981613 68562 -0.70 0.00- 0 0.00- 0 0.00 0.00 0.00 0.00 -0.70 2012R 1121 SRJ 07302012 REASON:UNDER ONE DOLLAR
3709222112012 HAMLETT WILLIAM LAWRENCE BOAT TRAILER BT 370922211 64660 -0.70 0.00- 0 0.00- 0 0.00 0.00 0.00 0.00 -0.70 2012R 1122 SRJ 07302012 REASON:UNDER ONE DOLLAR
671924622012 HARRIS RONALD ELBERT UTILITY TRAILER TL 67192462 64911 -0.70 0.00- 0 0.00- 0 0.00 0.00 0.00 0.00 -0.70 2012R 1123 SRJ 07302012 REASON:UNDER ONE DOLLAR
1756321422012 HAWKINS CHRISTINA AYSCUE BOAT TRAILER BT 175632142 69091 -0.70 0.00- 0 0.00- 0 0.00 0.00 0.00 0.00 -0.70 2012R 1124 SRJ 07302012 REASON:UNDER ONE DOLLAR
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ACCOUNT # COLREC COUNTY-TAX DISTRICT DISTRICT DOG PENALTY INT/DISC LIEN-COST TOTAL NUMBER TRNREC CLRK DATE DISTRICT-"
184616672012 HAWKINS SAMMY BROOKS UTILITY TRAILER TL 18461667 64116 -0.70 0.00- 0 0.00- 0 0.00 0.00 0.00 0.00 -0.70 2012R 1125 SRJ 07302012 REASON:UNDER ONE DOLLAR
184633422012 HAWKINS SAMMY BROOKS TRAILER TL 18463342 65791 -0.70 0.00- 0 0.00- 0 0.00 0.00 0.00 0.00 -0.70 2012R 1126 SRJ 07302012 REASON:UNDER ONE DOLLAR
39933112012 HAZEL RONALD JOSEPH UTILITY TRAILER UL 3993311 65760 -0.70 0.00- 0 0.00- 0 0.00 0.00 0.00 0.00 -0.70 2012R 1127 SRJ 07302012 REASON:UNDER ONE DOLLAR
1978831022012 HAZELWOOD JAMES EDWARD BOAT TRAILER BT 197883102 65551 -0.70 0.00- 0 0.00- 0 0.00 0.00 0.00 0.00 -0.70 2012R 1128 SRJ 07302012 REASON:UNDER ONE DOLLAR
2777747242012 HERNDON EDGAR WELDON III UTILITY TRAILER TL 277774724 71673 -0.70 0.00- 0 0.00- 0 0.00 0.00 0.00 0.00 -0.70 2012R 1129 SRJ 07302012 REASON:UNDER ONE DOLLAR
1590514052012 HICKS JOSEPH ALAN UTILITY TRAILER TL 159051405 63854 -0.70 0.00- 0 0.00- 0 0.00 0.00 0.00 0.00 -0.70 2012R 1130 SRJ 07302012 REASON:UNDER ONE DOLLAR
117025542012 HICKS RONNY CLARENCE BOAT TRAILER BT 11702554 69503 -0.70 0.00- 0 0.00- 0 0.00 0.00 0.00 0.00 -0.70 2012R 1131 SRJ 07302012 REASON:UNDER ONE DOLLAR
666816682012 HOLEMAN JAMES BROWN JR UTILITY TRAILER TL 66681668 64117 -0.70 0.00- 0 0.00- 0 0.00 0.00 0.00 0.00 -0.70 2012R 1132 SRJ 07302012 REASON:UNDER ONE DOLLAR
52824 1012012 HOLEMAN PLNTN HOMEOWNER ASSOC HOLEMAN PLTN COMM AREA 52824 101 26611 -0.70 0.00- 0 0.00- 0 0.00 0.00 0.00 0.00 -0.70 2012R 1133 SRJ 07302012 REASON:UNDER ONE DOLLAR
1735510232012 HOLT BOBBY RAYFORD UTILITY TRAILER TL 173551023 63472 -0.70 0.00- 0 0.00- 0 0.00 0.00 0.00 0.00 -0.70 2012R 1134 SRJ 07302012 REASON:UNDER ONE DOLLAR
927724022012 HOLT TIMOTHY RAY UTILITY TRAILER TL 92772402 69351 -0.70 0.00- 0 0.00- 0 0.00 0.00 0.00 0.00 -0.70 2012R 1135 SRJ 07302012 REASON:UNDER ONE DOLLAR
1834122542012 HORNER DANNY WAYNE UTILITY TRAILER TL 183412254 69203 -0.70 0.00- 0 0.00- 0 0.00 0.00 0.00 0.00 -0.70 2012R 1136 SRJ 07302012 REASON:UNDER ONE DOLLAR
4379 3092012 HORTON CHARLENE DRAPER GARRETT CEMETERY 4379 309 27283 -0.95 0.00- 0 0.00- 0 0.00 0.00 0.00 0.00 -0.95 2012R 1137 SRJ 07302012 REASON:UNDER ONE DOLLAR
3252313762012 HOWERTON ELISHA LEROY BOAT TRAILER BT 325231376 68325 -0.70 0.00- 0 0.00- 0 0.00 0.00 0.00 0.00 -0.70 2012R 1138 SRJ 07302012 REASON:UNDER ONE DOLLAR
237418542012 HOWERTON RODNEY JAMES TRAILER TL 23741854 64303 -0.70 0.00- 0 0.00- 0 0.00 0.00 0.00 0.00 -0.70 2012R 1139 SRJ 07302012 REASON:UNDER ONE DOLLAR
1993111772012 INTERNATIONAL AGGREGATE INC UTILITY TRAILER UL 199311177 63626 -0.70 0.00- 0 0.00- 0 0.00 0.00 0.00 0.00 -0.70 2012R 1140 SRJ 07302012 REASON:UNDER ONE DOLLAR
2595317832012 IRVIN DANNY JOE RESIDUAL TL 259531783 64232 -0.70 0.00- 0 0.00- 0 0.00 0.00 0.00 0.00 -0.70 2012R 1141 SRJ 07302012 REASON:UNDER ONE DOLLAR
1990431182012 IVEY ZACHARY TODD UTILITY TRAILER TL 199043118 70067 -0.70 0.00- 0 0.00- 0 0.00 0.00 0.00 0.00 -0.70 2012R 1142 SRJ 07302012 REASON:UNDER ONE DOLLAR
5629640052012 JARMON RICKIE LINWOOD 2005 TRLR TL TL 562964005 70954 -0.53 0.00- 0 0.00- 0 0.00 0.00 0.00 0.00 -0.53 2012R 1143 SRJ 07302012 REASON:UNDER ONE DOLLAR
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ACCOUNT # COLREC COUNTY-TAX DISTRICT DISTRICT DOG PENALTY INT/DISC LIEN-COST TOTAL NUMBER TRNREC CLRK DATE DISTRICT-"
1072930452012 JOHNSON RUFUS LEONARD SR UTILITY TRAILER TL 107293045 65494 -0.70 0.00- 0 0.00- 0 0.00 0.00 0.00 0.00 -0.70 2012R 1144 SRJ 07302012 REASON:UNDER ONE DOLLAR
5910621942012 JONES DON ANTHONY RESIDUAL UL 591062194 69143 -0.70 0.00- 0 0.00- 0 0.00 0.00 0.00 0.00 -0.70 2012R 1145 SRJ 07302012 REASON:UNDER ONE DOLLAR
194716842012 JONES JOHN AMBROSE UTILITY TRAILER TL 19471684 64133 -0.70 0.00- 0 0.00- 0 0.00 0.00 0.00 0.00 -0.70 2012R 1146 SRJ 07302012 REASON:UNDER ONE DOLLAR
1894112612012 JONES PAMELA SILCO BOAT TRAILER BT 189411261 68210 -0.70 0.00- 0 0.00- 0 0.00 0.00 0.00 0.00 -0.70 2012R 1147 SRJ 07302012 REASON:UNDER ONE DOLLAR
692418252012 KEATTS RICHARD PAUL BOAT TRAILER BT 69241825 64274 -0.70 0.00- 0 0.00- 0 0.00 0.00 0.00 0.00 -0.70 2012R 1148 SRJ 07302012 REASON:UNDER ONE DOLLAR
3005547692012 KEENER MARY JOAN BOAT TRAILER BT 300554769 67218 -0.70 0.00- 0 0.00- 0 0.00 0.00 0.00 0.00 -0.70 2012R 1149 SRJ 07302012 REASON:UNDER ONE DOLLAR
1396541142012 KELLEY BILLY MARTIN UTILITY TRAILER TL 139654114 71063 -0.70 0.00- 0 0.00- 0 0.00 0.00 0.00 0.00 -0.70 2012R 1150 SRJ 07302012 REASON:UNDER ONE DOLLAR
5017437182012 KELLEY MICHAEL EDWARD RESIDUAL TL 501743718 66167 -0.70 0.00- 0 0.00- 0 0.00 0.00 0.00 0.00 -0.70 2012R 1151 SRJ 07302012 REASON:UNDER ONE DOLLAR
5017431922012 KELLEY MICHAEL EDWARD UTILITY TRAILER TL 501743192 70141 -0.70 0.00- 0 0.00- 0 0.00 0.00 0.00 0.00 -0.70 2012R 1152 SRJ 07302012 REASON:UNDER ONE DOLLAR
41437 1022012 KELLY PROPERTIES NORTHPOINTE/VL 41437 102 2614 -0.20 0.00- 0 0.00- 0 0.00 0.00 0.00 0.00 -0.20 2012R 1153 SRJ 07302012 REASON:UNDER ONE DOLLAR
3937931392012 KENNEDY JEFFREY CRAIG UTILITY TRAILER TL 393793139 65588 -0.70 0.00- 0 0.00- 0 0.00 0.00 0.00 0.00 -0.70 2012R 1154 SRJ 07302012 REASON:UNDER ONE DOLLAR
355328202012 KERR JOHN DANIEL BOAT TRAILER TL 35532820 69769 -0.70 0.00- 0 0.00- 0 0.00 0.00 0.00 0.00 -0.70 2012R 1155 SRJ 07302012 REASON:UNDER ONE DOLLAR
263117502012 KEZIAH RICHARD CLARK TRAILER TL 26311750 68699 -0.98 0.00- 0 0.00- 0 0.00 0.00 0.00 0.00 -0.98 2012R 1156 SRJ 07302012 REASON:UNDER ONE DOLLAR
3951124852012 KING ARTHUR CLINTON BOAT TRAILER BT 395112485 69434 -0.70 0.00- 0 0.00- 0 0.00 0.00 0.00 0.00 -0.70 2012R 1157 SRJ 07302012 REASON:UNDER ONE DOLLAR
3428710052012 KITCHENS THOMAS RUSSELL RESIDUAL TL 342871005 67954 -0.70 0.00- 0 0.00- 0 0.00 0.00 0.00 0.00 -0.70 2012R 1158 SRJ 07302012 REASON:UNDER ONE DOLLAR
3571636172012 LAGRONE LUTHER EDWARD JR RESIDUAL TL 357163617 70566 -0.68 0.00- 0 0.00- 0 0.00 0.00 0.00 0.00 -0.68 2012R 1159 SRJ 07302012 REASON:UNDER ONE DOLLAR
5049418432012 LAMB JOHN ROBERT UTILITY TR SINGLE AXLEUL 504941843 68792 -0.98 0.00- 0 0.00- 0 0.00 0.00 0.00 0.00 -0.98 2012R 1160 SRJ 07302012 REASON:UNDER ONE DOLLAR
544610902012 LAND RICHARD THOMAS RESIDUAL TL 54461090 68039 -0.70 0.00- 0 0.00- 0 0.00 0.00 0.00 0.00 -0.70 2012R 1161 SRJ 07302012 REASON:UNDER ONE DOLLAR
3190722092012 LANE WILLIE JR BOAT TRAILER BT 319072209 64658 -0.70 0.00- 0 0.00- 0 0.00 0.00 0.00 0.00 -0.70 2012R 1162 SRJ 07302012 REASON:UNDER ONE DOLLAR
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ACCOUNT # COLREC COUNTY-TAX DISTRICT DISTRICT DOG PENALTY INT/DISC LIEN-COST TOTAL NUMBER TRNREC CLRK DATE DISTRICT-"
365014132012 LATTA BARNEY LEE BOAT TRAILER TL 36501413 68362 -0.70 0.00- 0 0.00- 0 0.00 0.00 0.00 0.00 -0.70 2012R 1163 SRJ 07302012 REASON:UNDER ONE DOLLAR
229620582012 LAWRENCE REBECCA L TRAILER TL 22962058 69007 -0.70 0.00- 0 0.00- 0 0.00 0.00 0.00 0.00 -0.70 2012R 1164 SRJ 07302012 REASON:UNDER ONE DOLLAR
220113032012 LAWS MICHAEL RUSSELL UTILITY TRAILER UL 22011303 63752 -0.70 0.00- 0 0.00- 0 0.00 0.00 0.00 0.00 -0.70 2012R 1165 SRJ 07302012 REASON:UNDER ONE DOLLAR
241616542012 LEA HERBERT MANLEY JR UTILITY TRAILER TL 24161654 64103 -0.70 0.00- 0 0.00- 0 0.00 0.00 0.00 0.00 -0.70 2012R 1166 SRJ 07302012 REASON:UNDER ONE DOLLAR
474315812012 LEA WILLIAM LOYD RESIDUAL MC 47431581 68530 -0.70 0.00- 0 0.00- 0 0.00 0.00 0.00 0.00 -0.70 2012R 1167 SRJ 07302012 REASON:UNDER ONE DOLLAR
958610682012 LEE EDWARD LAWTON UTILITY TRAILER TL 95861068 63517 -0.70 0.00- 0 0.00- 0 0.00 0.00 0.00 0.00 -0.70 2012R 1168 SRJ 07302012 REASON:UNDER ONE DOLLAR
5685213812012 LENSKI THERESA MARY UTILITY TRAILER UL 568521381 68330 -0.70 0.00- 0 0.00- 0 0.00 0.00 0.00 0.00 -0.70 2012R 1169 SRJ 07302012 REASON:UNDER ONE DOLLAR
29714722012 LEWIS JIMMY CARTER UTILITY TRAILER TL 2971472 63921 -0.70 0.00- 0 0.00- 0 0.00 0.00 0.00 0.00 -0.70 2012R 1170 SRJ 07302012 REASON:UNDER ONE DOLLAR
2339846652012 LEWIS MICHAEL CAMERON RESIDUAL TL 233984665 71614 -0.70 0.00- 0 0.00- 0 0.00 0.00 0.00 0.00 -0.70 2012R 1171 SRJ 07302012 REASON:UNDER ONE DOLLAR
35294 1012012 LITTLE BROWNIES BUSINESS PERSONAL 35294 101 41616 -0.01 0.00- 0 0.00- 0 0.00 0.00 0.00 0.00 -0.01 2012R 1172 SRJ 07302012 REASON:UNDER ONE DOLLAR
2647420712012 LLAMAS MICHAEL IAN BOAT TRAILER BT 264742071 64520 -0.70 0.00- 0 0.00- 0 0.00 0.00 0.00 0.00 -0.70 2012R 1173 SRJ 07302012 REASON:UNDER ONE DOLLAR
1945513892012 LONG BARRY DALE BOAT TRAILER TL 194551389 63838 -0.70 0.00- 0 0.00- 0 0.00 0.00 0.00 0.00 -0.70 2012R 1174 SRJ 07302012 REASON:UNDER ONE DOLLAR
759234372012 LONG BILLY SINGLETON UTILITY TRAILER TL 75923437 65886 -0.70 0.00- 0 0.00- 0 0.00 0.00 0.00 0.00 -0.70 2012R 1175 SRJ 07302012 REASON:UNDER ONE DOLLAR
1075811432012 LONG DUSTIN STEVEN UTILITY TRAILER TL 107581143 68092 -0.70 0.00- 0 0.00- 0 0.00 0.00 0.00 0.00 -0.70 2012R 1176 SRJ 07302012 REASON:UNDER ONE DOLLAR
1097425382012 LONG EDWIN THOMAS JR UTILITY TRAILER TL 109742538 64987 -0.70 0.00- 0 0.00- 0 0.00 0.00 0.00 0.00 -0.70 2012R 1177 SRJ 07302012 REASON:UNDER ONE DOLLAR
2789215342012 LONG KENDALL SCOTT RESIDUAL TL 278921534 68483 -0.70 0.00- 0 0.00- 0 0.00 0.00 0.00 0.00 -0.70 2012R 1178 SRJ 07302012 REASON:UNDER ONE DOLLAR
4784929662012 LONG PATRICK LYNN BOAT TRAILER BT 478492966 69915 -0.70 0.00- 0 0.00- 0 0.00 0.00 0.00 0.00 -0.70 2012R 1179 SRJ 07302012 REASON:UNDER ONE DOLLAR
1075812292012 LONG STEVE MONROE TRAILER TL 107581229 63678 -0.70 0.00- 0 0.00- 0 0.00 0.00 0.00 0.00 -0.70 2012R 1180 SRJ 07302012 REASON:UNDER ONE DOLLAR
1075817942012 LONG STEVE MONROE TRAILER TL 107581794 68743 -0.70 0.00- 0 0.00- 0 0.00 0.00 0.00 0.00 -0.70 2012R 1181 SRJ 07302012 REASON:UNDER ONE DOLLAR
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ACCOUNT # COLREC COUNTY-TAX DISTRICT DISTRICT DOG PENALTY INT/DISC LIEN-COST TOTAL NUMBER TRNREC CLRK DATE DISTRICT-"
94811032012 LOWERY RAYMOND GRAY JR BOAT TRAILER TL 9481103 63552 -0.70 0.00- 0 0.00- 0 0.00 0.00 0.00 0.00 -0.70 2012R 1182 SRJ 07302012 REASON:UNDER ONE DOLLAR
2328124412012 LYNCH JOSEPH DANIEL UTILITY TRAILER TL 232812441 64890 -0.70 0.00- 0 0.00- 0 0.00 0.00 0.00 0.00 -0.70 2012R 1183 SRJ 07302012 REASON:UNDER ONE DOLLAR
3604554812012 MADDEN WILLIAM DARRELL BOAT TRAILER BT 360455481 67930 -0.70 0.00- 0 0.00- 0 0.00 0.00 0.00 0.00 -0.70 2012R 1184 SRJ 07302012 REASON:UNDER ONE DOLLAR
4726213372012 MALDONADO SAMUEL BOAT TRAILER BT 472621337 63786 -0.70 0.00- 0 0.00- 0 0.00 0.00 0.00 0.00 -0.70 2012R 1185 SRJ 07302012 REASON:UNDER ONE DOLLAR
4954846132012 MAULTSBY GUS LEE JETTA 2 0 S 4S 495484613 67062 -0.03 0.00- 0 0.00- 0 0.00 0.00 0.00 0.00 -0.03 2012R 1186 SRJ 07302012 REASON:UNDER ONE DOLLAR
3503333612012 MAURER TRACY LYNN BOAT TRAILER BT 350333361 65810 -0.70 0.00- 0 0.00- 0 0.00 0.00 0.00 0.00 -0.70 2012R 1187 SRJ 07302012 REASON:UNDER ONE DOLLAR
49872 1292012 MAYO DEVELOPMENT CORP WATERS EDG/MAYO/OPEN SPA 49872 129 26446 -0.70 0.00- 0 0.00- 0 0.00 0.00 0.00 0.00 -0.70 2012R 1188 SRJ 07302012 REASON:UNDER ONE DOLLAR
5521924672012 MCCAIN ANTONIO DONTE BOAT TRAILER BT 552192467 69416 -0.70 0.00- 0 0.00- 0 0.00 0.00 0.00 0.00 -0.70 2012R 1189 SRJ 07302012 REASON:UNDER ONE DOLLAR
2154011662012 MCCARTER ROGER LEE RESIDUAL TL 215401166 68115 -0.70 0.00- 0 0.00- 0 0.00 0.00 0.00 0.00 -0.70 2012R 1190 SRJ 07302012 REASON:UNDER ONE DOLLAR
1889610152012 MCCASKILL ROBERT DOSSIE BOAT TRAILER BT 188961015 67964 -0.70 0.00- 0 0.00- 0 0.00 0.00 0.00 0.00 -0.70 2012R 1191 SRJ 07302012 REASON:UNDER ONE DOLLAR
45316832012 MCCONNELL THOMAS GRAYLAND BOAT TRAILER TL 4531683 64132 -0.70 0.00- 0 0.00- 0 0.00 0.00 0.00 0.00 -0.70 2012R 1192 SRJ 07302012 REASON:UNDER ONE DOLLAR
2911013322012 MCELVEEN THOMAS LARRY BOAT TRAILER BT 291101332 63781 -0.70 0.00- 0 0.00- 0 0.00 0.00 0.00 0.00 -0.70 2012R 1193 SRJ 07302012 REASON:UNDER ONE DOLLAR
993922072012 MCGHEE STANLEY BOAT TRAILER BT 99392207 69156 -0.70 0.00- 0 0.00- 0 0.00 0.00 0.00 0.00 -0.70 2012R 1194 SRJ 07302012 REASON:UNDER ONE DOLLAR
1445510522012 MIKAT EILEEN MARIE BOAT TRAILER BT 144551052 68001 -0.70 0.00- 0 0.00- 0 0.00 0.00 0.00 0.00 -0.70 2012R 1195 SRJ 07302012 REASON:UNDER ONE DOLLAR
1502730652012 MILAM DONNA JEAN RESIDUAL TL 150273065 65514 -0.70 0.00- 0 0.00- 0 0.00 0.00 0.00 0.00 -0.70 2012R 1196 SRJ 07302012 REASON:UNDER ONE DOLLAR
756112142012 MITCHINER WILLIAM CLIFTON UTILITY TRAILER TL 75611214 68163 -0.70 0.00- 0 0.00- 0 0.00 0.00 0.00 0.00 -0.70 2012R 1197 SRJ 07302012 REASON:UNDER ONE DOLLAR
3861110462012 MONDRAGON INES BOAT TRAILER BT 386111046 67995 -0.70 0.00- 0 0.00- 0 0.00 0.00 0.00 0.00 -0.70 2012R 1198 SRJ 07302012 REASON:UNDER ONE DOLLAR
5301117232012 MOORE JAMES HERBERT UTILITY TRAILER TL 530111723 64172 -0.70 0.00- 0 0.00- 0 0.00 0.00 0.00 0.00 -0.70 2012R 1199 SRJ 07302012 REASON:UNDER ONE DOLLAR
204527532012 MOORE JERRY LEE UTILITY TRAILER TL 20452753 69702 -0.70 0.00- 0 0.00- 0 0.00 0.00 0.00 0.00 -0.70 2012R 1200 SRJ 07302012 REASON:UNDER ONE DOLLAR
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ACCOUNT # COLREC COUNTY-TAX DISTRICT DISTRICT DOG PENALTY INT/DISC LIEN-COST TOTAL NUMBER TRNREC CLRK DATE DISTRICT-"
1599612182012 MOORE JIMMY ALTON TRAILER TL 159961218 63667 -0.70 0.00- 0 0.00- 0 0.00 0.00 0.00 0.00 -0.70 2012R 1201 SRJ 07302012 REASON:UNDER ONE DOLLAR
3035618042012 MORRIS BRYANT THOMAS UTILITY TR SINGLE AXLEUL 303561804 68753 -0.84 0.00- 0 0.00- 0 0.00 0.00 0.00 0.00 -0.84 2012R 1202 SRJ 07302012 REASON:UNDER ONE DOLLAR
694430272012 MORRIS DONALD WAYNE RESIDUAL TL 69443027 65476 -0.70 0.00- 0 0.00- 0 0.00 0.00 0.00 0.00 -0.70 2012R 1203 SRJ 07302012 REASON:UNDER ONE DOLLAR
1385831842012 MORRIS GEORGE EDWARD JR UTILITY TRAILER TL 138583184 65633 -0.70 0.00- 0 0.00- 0 0.00 0.00 0.00 0.00 -0.70 2012R 1204 SRJ 07302012 REASON:UNDER ONE DOLLAR
970713022012 MUNDY JAMES HAROLD JR UTILITY TRAILER TL 97071302 68251 -0.70 0.00- 0 0.00- 0 0.00 0.00 0.00 0.00 -0.70 2012R 1205 SRJ 07302012 REASON:UNDER ONE DOLLAR
4144220982012 MURRAY WILLIAM M RESIDUAL TL 414422098 69047 -0.70 0.00- 0 0.00- 0 0.00 0.00 0.00 0.00 -0.70 2012R 1206 SRJ 07302012 REASON:UNDER ONE DOLLAR
1548532462012 NELSON DARIUS LEANDER UTILITY TRAILER TL 154853246 65695 -0.70 0.00- 0 0.00- 0 0.00 0.00 0.00 0.00 -0.70 2012R 1207 SRJ 07302012 REASON:UNDER ONE DOLLAR
1548516382012 NELSON DARIUS LEANDER UTILITY TRAILER UL 154851638 68587 -0.70 0.00- 0 0.00- 0 0.00 0.00 0.00 0.00 -0.70 2012R 1208 SRJ 07302012 REASON:UNDER ONE DOLLAR
46406 3022012 NEVILLE CHRISTINE MARIE HUNTERS EDGE/LT16A/VL 46406 302 23900 -0.32 0.00- 0 0.00- 0 0.00 0.00 0.00 0.00 -0.32 2012R 1209 SRJ 07302012 REASON:UNDER ONE DOLLAR
1059518062012 NEWTON BOBBY GERALD BOAT TRAILER BT 105951806 68755 -0.70 0.00- 0 0.00- 0 0.00 0.00 0.00 0.00 -0.70 2012R 1210 SRJ 07302012 REASON:UNDER ONE DOLLAR
1594512842012 NIDLE JEFFERY CHARLES UTILITY TRAILER UL 159451284 63733 -0.70 0.00- 0 0.00- 0 0.00 0.00 0.00 0.00 -0.70 2012R 1211 SRJ 07302012 REASON:UNDER ONE DOLLAR
2152435712012 NORRIS GERALD LOREN BOAT TRAILER BT 215243571 66020 -0.70 0.00- 0 0.00- 0 0.00 0.00 0.00 0.00 -0.70 2012R 1212 SRJ 07302012 REASON:UNDER ONE DOLLAR
193118562012 OAKLEY DONALD FERRELL RESIDUAL TL 19311856 68805 -0.70 0.00- 0 0.00- 0 0.00 0.00 0.00 0.00 -0.70 2012R 1213 SRJ 07302012 REASON:UNDER ONE DOLLAR
4487 3012012 OAKLEY HENRY C & MARY S 4/100 ACRE 4487 301 18830 -0.84 0.00- 0 0.00- 0 0.00 0.00 0.00 0.00 -0.84 2012R 1214 SRJ 07302012 REASON:UNDER ONE DOLLAR
417318262012 OAKLEY WILLIAM RUSSELL TRAILER TL 41731826 68775 -0.70 0.00- 0 0.00- 0 0.00 0.00 0.00 0.00 -0.70 2012R 1215 SRJ 07302012 REASON:UNDER ONE DOLLAR
4616119072012 OBRIANT JAMES KENT BOAT TRAILER BT 461611907 68856 -0.70 0.00- 0 0.00- 0 0.00 0.00 0.00 0.00 -0.70 2012R 1216 SRJ 07302012 REASON:UNDER ONE DOLLAR
434147132012 OLIVER EARL TRENT TRAILER TL 43414713 71662 -0.70 0.00- 0 0.00- 0 0.00 0.00 0.00 0.00 -0.70 2012R 1217 SRJ 07302012 REASON:UNDER ONE DOLLAR
60090 3022012 OWEN HERMAN A L/H ON MICHAEL/E OWEN 60090 302 27520 -0.01 0.00- 0 0.00- 0 0.00 0.00 0.00 0.00 -0.01 2012R 1218 SRJ 07302012 REASON:UNDER ONE DOLLAR
797914512012 OWEN MICHAEL KELLY BOAT TRAILER BT 79791451 68400 -0.70 0.00- 0 0.00- 0 0.00 0.00 0.00 0.00 -0.70 2012R 1219 SRJ 07302012 REASON:UNDER ONE DOLLAR
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ACCOUNT # COLREC COUNTY-TAX DISTRICT DISTRICT DOG PENALTY INT/DISC LIEN-COST TOTAL NUMBER TRNREC CLRK DATE DISTRICT-"
1757450972012 PALUF ROBERT JOSEPH RESIDUAL TL 175745097 67546 -0.70 0.00- 0 0.00- 0 0.00 0.00 0.00 0.00 -0.70 2012R 1220 SRJ 07302012 REASON:UNDER ONE DOLLAR
765133292012 PARKER THEODORE COLLINS RESIDUAL MC 76513329 70278 -0.70 0.00- 0 0.00- 0 0.00 0.00 0.00 0.00 -0.70 2012R 1221 SRJ 07302012 REASON:UNDER ONE DOLLAR
3190019182012 PASCHALL ROGER DALE BOAT TRAILER BT 319001918 68867 -0.70 0.00- 0 0.00- 0 0.00 0.00 0.00 0.00 -0.70 2012R 1222 SRJ 07302012 REASON:UNDER ONE DOLLAR
1045013542012 PATTERSON SAMUEL HALFORD RESIDUAL TL 104501354 68303 -0.70 0.00- 0 0.00- 0 0.00 0.00 0.00 0.00 -0.70 2012R 1223 SRJ 07302012 REASON:UNDER ONE DOLLAR
5346534202012 PAULETTE JOHN WILLIAM BOAT TRAILER BT 534653420 70369 -0.70 0.00- 0 0.00- 0 0.00 0.00 0.00 0.00 -0.70 2012R 1224 SRJ 07302012 REASON:UNDER ONE DOLLAR
4949630042012 PEREZ ALEJANDRO SOSA UTILITY TRAILER TL 494963004 69953 -0.70 0.00- 0 0.00- 0 0.00 0.00 0.00 0.00 -0.70 2012R 1225 SRJ 07302012 REASON:UNDER ONE DOLLAR
445314362012 PERGERSON MICHAEL DEAN TRAILER TL 44531436 68385 -0.70 0.00- 0 0.00- 0 0.00 0.00 0.00 0.00 -0.70 2012R 1226 SRJ 07302012 REASON:UNDER ONE DOLLAR
4059032972012 PERKINS THOMAS CHRISTOPHER TRAILER TL 405903297 70246 -0.70 0.00- 0 0.00- 0 0.00 0.00 0.00 0.00 -0.70 2012R 1227 SRJ 07302012 REASON:UNDER ONE DOLLAR
707019042012 PHELPS CHRISTOPHER RAY UTILITY TRAILER TL 70701904 68853 -0.70 0.00- 0 0.00- 0 0.00 0.00 0.00 0.00 -0.70 2012R 1228 SRJ 07302012 REASON:UNDER ONE DOLLAR
1379232922012 PIEDMONT MAINTENANCE & SERVICE CH&CAB F350 4 DR TK 137923292 65741 -0.10 0.00- 0 0.00- 0 0.00 0.00 0.00 0.00 -0.10 2012R 1229 SRJ 07302012 REASON:UNDER ONE DOLLAR
409618232012 POLLOCK FRANKLIN DEAMS TRAILER TL 40961823 68772 -0.70 0.00- 0 0.00- 0 0.00 0.00 0.00 0.00 -0.70 2012R 1230 SRJ 07302012 REASON:UNDER ONE DOLLAR
127111052012 POOLE JASON DEWITT RESIDUAL TL 12711105 68054 -0.70 0.00- 0 0.00- 0 0.00 0.00 0.00 0.00 -0.70 2012R 1231 SRJ 07302012 REASON:UNDER ONE DOLLAR
2293221032012 PORTERFIELD BRADLEY BRADSHER UTILITY TRAILER TL 229322103 64552 -0.70 0.00- 0 0.00- 0 0.00 0.00 0.00 0.00 -0.70 2012R 1232 SRJ 07302012 REASON:UNDER ONE DOLLAR
4383 1182012 POTLUCK COMMUNITY FARM INC POTLUCK COM FRM/VL 4383 118 21656 -0.25 0.00- 0 0.00- 0 0.00 0.00 0.00 0.00 -0.25 2012R 1233 SRJ 07302012 REASON:UNDER ONE DOLLAR
877510812012 POWELL GEORGE NELSON BOAT TRAILER BT 87751081 68030 -0.70 0.00- 0 0.00- 0 0.00 0.00 0.00 0.00 -0.70 2012R 1234 SRJ 07302012 REASON:UNDER ONE DOLLAR
877548152012 POWELL GEORGE NELSON UTILITY TRAILER TL 87754815 71764 -0.70 0.00- 0 0.00- 0 0.00 0.00 0.00 0.00 -0.70 2012R 1235 SRJ 07302012 REASON:UNDER ONE DOLLAR
982913012012 PULLIAM GRAHAM WILTON TRAILER TL 98291301 68250 -0.70 0.00- 0 0.00- 0 0.00 0.00 0.00 0.00 -0.70 2012R 1236 SRJ 07302012 REASON:UNDER ONE DOLLAR
2401724742012 PULLIAM MICHAEL WAYNE VAN ECONOLINE 1/2 TON VN 240172474 64923 -0.01 0.00- 0 0.00- 0 0.00 0.00 0.00 0.00 -0.01 2012R 1237 SRJ 07302012 REASON:UNDER ONE DOLLAR
542134262012 PULLIAM WILLIAM JOSEPH RESIDUAL TL 54213426 70375 -0.70 0.00- 0 0.00- 0 0.00 0.00 0.00 0.00 -0.70 2012R 1238 SRJ 07302012 REASON:UNDER ONE DOLLAR
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ACCOUNT # COLREC COUNTY-TAX DISTRICT DISTRICT DOG PENALTY INT/DISC LIEN-COST TOTAL NUMBER TRNREC CLRK DATE DISTRICT-"
8105 3012012 PULLY HENRY & OTHERS 44 & 73/100 ACRES 8105 301 755 -0.03 0.00- 0 0.00- 0 0.00 0.00 0.00 0.00 -0.03 2012R 1239 SRJ 07302012 REASON:UNDER ONE DOLLAR
5178515092012 RAGLAND CLIFTON ANDREW RESIDUAL TL 517851509 68458 -0.70 0.00- 0 0.00- 0 0.00 0.00 0.00 0.00 -0.70 2012R 1240 SRJ 07302012 REASON:UNDER ONE DOLLAR
2501025692012 RAMEE GAIL SUZANNE UTILITY TRAILER TL 250102569 69518 -0.70 0.00- 0 0.00- 0 0.00 0.00 0.00 0.00 -0.70 2012R 1241 SRJ 07302012 REASON:UNDER ONE DOLLAR
1029211992012 REAVES HERMAN WAYNE BOAT TRAILER BT 102921199 63648 -0.70 0.00- 0 0.00- 0 0.00 0.00 0.00 0.00 -0.70 2012R 1242 SRJ 07302012 REASON:UNDER ONE DOLLAR
608018662012 REGAN RASSIE THOMAS UTILITY TRAILER TL 60801866 68815 -0.70 0.00- 0 0.00- 0 0.00 0.00 0.00 0.00 -0.70 2012R 1243 SRJ 07302012 REASON:UNDER ONE DOLLAR
683518202012 RHEW RICKEY SEALY RESIDUAL TL 68351820 68769 -0.70 0.00- 0 0.00- 0 0.00 0.00 0.00 0.00 -0.70 2012R 1244 SRJ 07302012 REASON:UNDER ONE DOLLAR
2247948692012 RICE WENDELL JAMES TRAILER UL 224794869 71818 -0.70 0.00- 0 0.00- 0 0.00 0.00 0.00 0.00 -0.70 2012R 1245 SRJ 07302012 REASON:UNDER ONE DOLLAR
1742312002012 RIGSBEE DONNIE LOUIS BOAT TRAILER TL 174231200 63649 -0.70 0.00- 0 0.00- 0 0.00 0.00 0.00 0.00 -0.70 2012R 1246 SRJ 07302012 REASON:UNDER ONE DOLLAR
2716811912012 RJ THOMPSON HARVESTING LLC RESIDUAL TL 271681191 68140 -0.70 0.00- 0 0.00- 0 0.00 0.00 0.00 0.00 -0.70 2012R 1247 SRJ 07302012 REASON:UNDER ONE DOLLAR
2716810602012 RJ THOMPSON HARVESTING LLC RESIDUAL TL 271681060 68009 -0.70 0.00- 0 0.00- 0 0.00 0.00 0.00 0.00 -0.70 2012R 1248 SRJ 07302012 REASON:UNDER ONE DOLLAR
5415611892012 ROACH LEON GEORGE BOAT TRAILER BT 541561189 68138 -0.70 0.00- 0 0.00- 0 0.00 0.00 0.00 0.00 -0.70 2012R 1249 SRJ 07302012 REASON:UNDER ONE DOLLAR
1922616902012 ROWE CLYDE EDWARD JR BOAT TRAILER BT 192261690 68639 -0.70 0.00- 0 0.00- 0 0.00 0.00 0.00 0.00 -0.70 2012R 1250 SRJ 07302012 REASON:UNDER ONE DOLLAR
3049133482012 S & S LOGGING RESIDUAL TL 304913348 70297 -0.70 0.00- 0 0.00- 0 0.00 0.00 0.00 0.00 -0.70 2012R 1251 SRJ 07302012 REASON:UNDER ONE DOLLAR
5451140222012 SCHULZ JONN MARK BOAT TRAILER BT 545114022 66471 -0.70 0.00- 0 0.00- 0 0.00 0.00 0.00 0.00 -0.70 2012R 1252 SRJ 07302012 REASON:UNDER ONE DOLLAR
3923916972012 SCHUMACHER JAMES ROBERT BOAT TRAILER BT 392391697 68646 -0.70 0.00- 0 0.00- 0 0.00 0.00 0.00 0.00 -0.70 2012R 1253 SRJ 07302012 REASON:UNDER ONE DOLLAR
1569432982012 SELLERS KERRY STEPHEN TRAILER TL 156943298 70247 -0.70 0.00- 0 0.00- 0 0.00 0.00 0.00 0.00 -0.70 2012R 1254 SRJ 07302012 REASON:UNDER ONE DOLLAR
451510882012 SHAW JAMES BRENT TRAILER TL 45151088 68037 -0.70 0.00- 0 0.00- 0 0.00 0.00 0.00 0.00 -0.70 2012R 1255 SRJ 07302012 REASON:UNDER ONE DOLLAR
4133618112012 SHEPHERD JASON BOONE BOAT TRAILER BT 413361811 64260 -0.70 0.00- 0 0.00- 0 0.00 0.00 0.00 0.00 -0.70 2012R 1256 SRJ 07302012 REASON:UNDER ONE DOLLAR
1763112772012 SHULL PEARLY MARVIN JR TRAILER TL 176311277 68226 -0.70 0.00- 0 0.00- 0 0.00 0.00 0.00 0.00 -0.70 2012R 1257 SRJ 07302012 REASON:UNDER ONE DOLLAR
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ACCOUNT # COLREC COUNTY-TAX DISTRICT DISTRICT DOG PENALTY INT/DISC LIEN-COST TOTAL NUMBER TRNREC CLRK DATE DISTRICT-"
60522 1012012 SIEMENS INDUSTRY INC BUSINESS PERSONAL 60522 101 41829 -0.17 0.00- 0 0.00- 0 0.00 0.00 0.00 0.00 -0.17 2012R 1258 SRJ 07302012 REASON:UNDER ONE DOLLAR
288516242012 SIMPSON MELVIN LYNN UTILITY TRAILER TL 28851624 68573 -0.70 0.00- 0 0.00- 0 0.00 0.00 0.00 0.00 -0.70 2012R 1259 SRJ 07302012 REASON:UNDER ONE DOLLAR
170327792012 SKINNER WAYNE JOSEPH TRAILER TL 17032779 69728 -0.70 0.00- 0 0.00- 0 0.00 0.00 0.00 0.00 -0.70 2012R 1260 SRJ 07302012 REASON:UNDER ONE DOLLAR
2485616992012 SMITH HENRY LONNIE BOAT TRAILER BT 248561699 68648 -0.70 0.00- 0 0.00- 0 0.00 0.00 0.00 0.00 -0.70 2012R 1261 SRJ 07302012 REASON:UNDER ONE DOLLAR
5221043192012 SMITH ROBERT ARTHUR BOAT TRAILER BT 522104319 71268 -0.70 0.00- 0 0.00- 0 0.00 0.00 0.00 0.00 -0.70 2012R 1262 SRJ 07302012 REASON:UNDER ONE DOLLAR
3717231892012 SMITH WILL JR BOAT TRAILER BT 371723189 65638 -0.70 0.00- 0 0.00- 0 0.00 0.00 0.00 0.00 -0.70 2012R 1263 SRJ 07302012 REASON:UNDER ONE DOLLAR
5561319222012 SNIPES ALFRED DONALD UTILITY TRAILER UL 556131922 68871 -0.70 0.00- 0 0.00- 0 0.00 0.00 0.00 0.00 -0.70 2012R 1264 SRJ 07302012 REASON:UNDER ONE DOLLAR
1788510042012 SOUTHERN GORDON CARL UTILITY TRAILER TL 178851004 67953 -0.70 0.00- 0 0.00- 0 0.00 0.00 0.00 0.00 -0.70 2012R 1265 SRJ 07302012 REASON:UNDER ONE DOLLAR
17076 3012012 SPEED CHRISTINE W & WILLIE G FOREST HILL/H&L 17076 301 8081 -0.24 0.00- 0 0.00- 0 0.00 0.00 0.00 0.00 -0.24 2012R 1266 SRJ 07302012 REASON:UNDER ONE DOLLAR
330018672012 STANFIELD ARCHIE GRAHAM JR RESIDUAL TL 33001867 68816 -0.70 0.00- 0 0.00- 0 0.00 0.00 0.00 0.00 -0.70 2012R 1267 SRJ 07302012 REASON:UNDER ONE DOLLAR
4958241242012 STANFORD PAMELA TEW OUTLANDER SE MP 495824124 66573 -0.45 0.00- 0 0.00- 0 0.00 0.00 0.00 0.00 -0.45 2012R 1268 SRJ 07302012 REASON:UNDER ONE DOLLAR
725520922012 STONBRAKER HARRY GLENN TRAILER TL 72552092 69041 -0.70 0.00- 0 0.00- 0 0.00 0.00 0.00 0.00 -0.70 2012R 1269 SRJ 07302012 REASON:UNDER ONE DOLLAR
1003315662012 STONE TONY RAY BOAT TRAILER BT 100331566 68515 -0.70 0.00- 0 0.00- 0 0.00 0.00 0.00 0.00 -0.70 2012R 1270 SRJ 07302012 REASON:UNDER ONE DOLLAR
773415772012 STROUPE RACHEL ROBBINS BOAT TRAILER BT 77341577 64026 -0.70 0.00- 0 0.00- 0 0.00 0.00 0.00 0.00 -0.70 2012R 1271 SRJ 07302012 REASON:UNDER ONE DOLLAR
1345925712012 SULLIVAN GARY JOSEPH BOAT TRAILER BT 134592571 69520 -0.70 0.00- 0 0.00- 0 0.00 0.00 0.00 0.00 -0.70 2012R 1272 SRJ 07302012 REASON:UNDER ONE DOLLAR
401 3032012 SUMNER WILLIAM THOMAS 06/100AC /ROADWAY 401 303 27485 -0.84 0.00- 0 0.00- 0 0.00 0.00 0.00 0.00 -0.84 2012R 1273 SRJ 07302012 REASON:UNDER ONE DOLLAR
56145 3032012 SWAN PAIGE H DEF/T 61/100AC/TRTD/VL 56145 303 26442 -0.96 0.00- 0 0.00- 0 0.00 0.00 0.00 0.00 -0.96 2012R 1274 SRJ 07302012 REASON:UNDER ONE DOLLAR
4818847682012 SZYMANSKI MICHAEL A BOAT TRAILER BT 481884768 67217 -0.70 0.00- 0 0.00- 0 0.00 0.00 0.00 0.00 -0.70 2012R 1275 SRJ 07302012 REASON:UNDER ONE DOLLAR
2909 3012012 TALBERT EDGAR D JR & TERRI M 18/100 ACRES WATERFRONT 2909 301 2750 -0.70 0.00- 0 0.00- 0 0.00 0.00 0.00 0.00 -0.70 2012R 1276 SRJ 07302012 REASON:UNDER ONE DOLLAR
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ACCOUNT # COLREC COUNTY-TAX DISTRICT DISTRICT DOG PENALTY INT/DISC LIEN-COST TOTAL NUMBER TRNREC CLRK DATE DISTRICT-"
2095518002012 TALBOT GEORGE RANDALL UTILITY TL 209551800 64249 -0.70 0.00- 0 0.00- 0 0.00 0.00 0.00 0.00 -0.70 2012R 1277 SRJ 07302012 REASON:UNDER ONE DOLLAR
289827652012 TATUM JOSEPH SCOTT III UTILITY TRAILER TL 28982765 69714 -0.70 0.00- 0 0.00- 0 0.00 0.00 0.00 0.00 -0.70 2012R 1278 SRJ 07302012 REASON:UNDER ONE DOLLAR
838327222012 TERRELL ELBERT LEWIS JR BOAT TRAILER BT 83832722 65171 -0.70 0.00- 0 0.00- 0 0.00 0.00 0.00 0.00 -0.70 2012R 1279 SRJ 07302012 REASON:UNDER ONE DOLLAR
4789114842012 TERRY ERIC LIVINGSTON BOAT TRAILER TL 478911484 63933 -0.70 0.00- 0 0.00- 0 0.00 0.00 0.00 0.00 -0.70 2012R 1280 SRJ 07302012 REASON:UNDER ONE DOLLAR
338719242012 THOMAS DEAN DARNELL UTILITY TRAILER TL 33871924 68873 -0.70 0.00- 0 0.00- 0 0.00 0.00 0.00 0.00 -0.70 2012R 1281 SRJ 07302012 REASON:UNDER ONE DOLLAR
894111832012 THOMAS GARLAND OLANDRY CB 750 MC 89411183 68132 -0.98 0.00- 0 0.00- 0 0.00 0.00 0.00 0.00 -0.98 2012R 1282 SRJ 07302012 REASON:UNDER ONE DOLLAR
876739032012 THOMAS STEVE RAY RESIDUAL TL 87673903 70852 -0.70 0.00- 0 0.00- 0 0.00 0.00 0.00 0.00 -0.70 2012R 1283 SRJ 07302012 REASON:UNDER ONE DOLLAR
965717652012 THOMPSON SIDNEY JACOB UTILITY TRAILER TL 96571765 68714 -0.70 0.00- 0 0.00- 0 0.00 0.00 0.00 0.00 -0.70 2012R 1284 SRJ 07302012 REASON:UNDER ONE DOLLAR
965716522012 THOMPSON SIDNEY JACOB UTILITY TRAILER TL 96571652 68601 -0.70 0.00- 0 0.00- 0 0.00 0.00 0.00 0.00 -0.70 2012R 1285 SRJ 07302012 REASON:UNDER ONE DOLLAR
2887318192012 THWING RICHARD AARON BOAT TRAILER BT 288731819 64268 -0.70 0.00- 0 0.00- 0 0.00 0.00 0.00 0.00 -0.70 2012R 1286 SRJ 07302012 REASON:UNDER ONE DOLLAR
4652817422012 TILLMAN JOHN CLIFTON III BOAT TRAILER BT 465281742 68691 -0.70 0.00- 0 0.00- 0 0.00 0.00 0.00 0.00 -0.70 2012R 1287 SRJ 07302012 REASON:UNDER ONE DOLLAR
348917372012 TIMBERLAKE WILLIAM JOSEPH TRAILER TL 34891737 68686 -0.70 0.00- 0 0.00- 0 0.00 0.00 0.00 0.00 -0.70 2012R 1288 SRJ 07302012 REASON:UNDER ONE DOLLAR
762814652012 TINGEN THOMAS TERRY UTILITY TRAILER TL 76281465 63914 -0.70 0.00- 0 0.00- 0 0.00 0.00 0.00 0.00 -0.70 2012R 1289 SRJ 07302012 REASON:UNDER ONE DOLLAR
762850492012 TINGEN THOMAS TERRY RESIDUAL TL 76285049 67498 -0.70 0.00- 0 0.00- 0 0.00 0.00 0.00 0.00 -0.70 2012R 1290 SRJ 07302012 REASON:UNDER ONE DOLLAR
1007725032012 TORAIN KENNETH MAURICE UTILITY TRAILER TL 100772503 64952 -0.70 0.00- 0 0.00- 0 0.00 0.00 0.00 0.00 -0.70 2012R 1291 SRJ 07302012 REASON:UNDER ONE DOLLAR
12858 3022012 TROTTER KELLY & NELLIE 12/100AC ROADWAY 12858 302 24226 -0.84 0.00- 0 0.00- 0 0.00 0.00 0.00 0.00 -0.84 2012R 1292 SRJ 07302012 REASON:UNDER ONE DOLLAR
712819172012 TUCKER RANDOLPH LEON BOAT TRAILER BT 71281917 68866 -0.70 0.00- 0 0.00- 0 0.00 0.00 0.00 0.00 -0.70 2012R 1293 SRJ 07302012 REASON:UNDER ONE DOLLAR
3355414632012 VAUGHAN CLINTON CLAYTON JR BOAT TRAILER BT 335541463 68412 -0.70 0.00- 0 0.00- 0 0.00 0.00 0.00 0.00 -0.70 2012R 1294 SRJ 07302012 REASON:UNDER ONE DOLLAR
228414812012 VAUGHAN DANNY THOMAS RESIDUAL TL 22841481 68430 -0.70 0.00- 0 0.00- 0 0.00 0.00 0.00 0.00 -0.70 2012R 1295 SRJ 07302012 REASON:UNDER ONE DOLLAR
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ACCOUNT # COLREC COUNTY-TAX DISTRICT DISTRICT DOG PENALTY INT/DISC LIEN-COST TOTAL NUMBER TRNREC CLRK DATE DISTRICT-"
440215952012 VAUGHAN DONALD RAY TRAILER TL 44021595 64044 -0.98 0.00- 0 0.00- 0 0.00 0.00 0.00 0.00 -0.98 2012R 1296 SRJ 07302012 REASON:UNDER ONE DOLLAR
225818272012 VAUGHAN EDDIE AL BOAT TRAILER BT 22581827 68776 -0.70 0.00- 0 0.00- 0 0.00 0.00 0.00 0.00 -0.70 2012R 1297 SRJ 07302012 REASON:UNDER ONE DOLLAR
2022617622012 WADE LOUIS MANN JR BOAT TRAILER TL 202261762 64211 -0.70 0.00- 0 0.00- 0 0.00 0.00 0.00 0.00 -0.70 2012R 1298 SRJ 07302012 REASON:UNDER ONE DOLLAR
2022612902012 WADE LOUIS MANN JR UTILITY TRAILER TL 202261290 68239 -0.70 0.00- 0 0.00- 0 0.00 0.00 0.00 0.00 -0.70 2012R 1299 SRJ 07302012 REASON:UNDER ONE DOLLAR
2022610822012 WADE LOUIS MANN JR BOAT TRAILER BT 202261082 68031 -0.70 0.00- 0 0.00- 0 0.00 0.00 0.00 0.00 -0.70 2012R 1300 SRJ 07302012 REASON:UNDER ONE DOLLAR
1766410632012 WADE MATTHEW DONALD UTILITY TRAILER TL 176641063 63512 -0.70 0.00- 0 0.00- 0 0.00 0.00 0.00 0.00 -0.70 2012R 1301 SRJ 07302012 REASON:UNDER ONE DOLLAR
11476 3072012 WAGSTAFF LINDSAY JR DEF/T & 13/100 11476 307 5027 -0.20 0.00- 0 0.00- 0 0.00 0.00 0.00 0.00 -0.20 2012R 1302 SRJ 07302012 REASON:UNDER ONE DOLLAR
3072 3012012 WALKER MARVIN WAYNE & CAROL C FARMRIDGE/VL/ROADWAY 3072 301 18685 -0.08 0.00- 0 0.00- 0 0.00 0.00 0.00 0.00 -0.08 2012R 1303 SRJ 07302012 REASON:UNDER ONE DOLLAR
4629827172012 WALL NATHAN ALONZA III TRAILER TL 462982717 69666 -0.70 0.00- 0 0.00- 0 0.00 0.00 0.00 0.00 -0.70 2012R 1304 SRJ 07302012 REASON:UNDER ONE DOLLAR
372228392012 WARD LISA JEANINE BOAT TRAILER BT 37222839 69788 -0.70 0.00- 0 0.00- 0 0.00 0.00 0.00 0.00 -0.70 2012R 1305 SRJ 07302012 REASON:UNDER ONE DOLLAR
4642015572012 WARREN RANDY WAYNE BOAT TRAILER BT 464201557 68506 -0.70 0.00- 0 0.00- 0 0.00 0.00 0.00 0.00 -0.70 2012R 1306 SRJ 07302012 REASON:UNDER ONE DOLLAR
3320018252012 WATKINS RONALD ALFORD RESIDUAL TL 332001825 68774 -0.70 0.00- 0 0.00- 0 0.00 0.00 0.00 0.00 -0.70 2012R 1307 SRJ 07302012 REASON:UNDER ONE DOLLAR
1885833242012 WATSON WALTER LAMAR TRAILER TL 188583324 70273 -0.70 0.00- 0 0.00- 0 0.00 0.00 0.00 0.00 -0.70 2012R 1308 SRJ 07302012 REASON:UNDER ONE DOLLAR
682216422012 WEAVER LARRY ELMO BOAT TRAILER BT 68221642 64091 -0.70 0.00- 0 0.00- 0 0.00 0.00 0.00 0.00 -0.70 2012R 1309 SRJ 07302012 REASON:UNDER ONE DOLLAR
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COSSYS PERSON COUNTY TAX OFFICE COLLECTION SCROLL-12:LEVY ADJUSTMENTS ALL TAX YEARS 07302012 PAGE: 27
ACCOUNT # COLREC COUNTY-TAX DISTRICT DISTRICT DOG PENALTY INT/DISC LIEN-COST TOTAL NUMBER TRNREC CLRK DATE DISTRICT-"
608518592012 WHITFIELD DAVID EWING RESIDUAL TL 60851859 64308 -0.70 0.00- 0 0.00- 0 0.00 0.00 0.00 0.00 -0.70 2012R 1315 SRJ 07302012 REASON:UNDER ONE DOLLAR
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ACCOUNT # COLREC COUNTY-TAX DISTRICT DISTRICT DOG PENALTY INT/DISC LIEN-COST TOTAL NUMBER TRNREC CLRK DATE DISTRICT-"
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58247 1012012 ZEVEX INC BUSINESS PERSONAL 58247 101 41666 -0.18 0.00- 0 0.00- 0 0.00 0.00 0.00 0.00 -0.18 2012R 1338 SRJ 07302012 -0.15-50 0.00 0.00 -0.15__________ -0.33 REASON:UNDER ONE DOLLAR
7210 1062006 MAHONEY TIMOTHY EUGENE 88 ROYALE 4S 7210 106 44050 -0.12 0.00- 0 0.00- 0 0.00 0.00 0.00 0.00 -0.12 2006R 1339 SRJ 07302012 REASON:UNDER ONE DOLLAR
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TRANSACTION TOTALS PAGE
TRANSACTIONS FROM 778 THROUGH 1339 IN SY0:TAX .MOD AMOUNTS FROM -999999999.99 THROUGH 999999999.99TRANSACTION TYPES:R
TRANSACTIONS 0000-099->99992027 0 PAYMENTS 0 DISC/CORR 502 RELEASES TOTAL CREDIT NET CREDIT (PAYMENT+RELEASE) (TOTAL-DISC/CORR)PERSON COUNTY TAX OFFICE 0.00 0.00 -4414.00 4414.00 4414.00LATE LISTING 0.00 0.00 -238.52 238.52 238.52DOG 0.00 0.00 -6.02 6.02 6.02 --------------- --------------- --------------- --------------- --------------- SUB-TOTAL 0.00 0.00 -4658.54 4658.54 4658.54STATE 3PCT INTEREST 0.00 0.00 0.00 0.00 0.00DISCOUNT 0.00 0.00 0.00 0.00 0.00INTEREST 0.00 0.00 -17.76 17.76 17.76LIEN SALE COST 0.00 0.00 0.00 0.00 0.00 --------------- --------------- --------------- --------------- --------------- TOTAL 0.00 0.00 -4676.30 4676.30 4676.30
DISTRICT PAYMENTS DISC/CORR RELEASES TOTAL CREDIT NET CREDIT (PAYMENT+RELEASE) (TOTAL-DISC/CORR)
50 CITY OF ROXBORO 0.00 0.00 -2186.44 2186.44 2186.44LATE LISTING 0.00 0.00 -203.04 203.04 203.04 --------------- --------------- --------------- --------------- --------------- SUB-TOTAL 0.00 0.00 -2389.48 2389.48 2389.48DISCOUNT 0.00 0.00 0.00 0.00 0.00INTEREST 0.00 0.00 0.00 0.00 0.00 --------------- --------------- --------------- --------------- --------------- TOTAL 0.00 0.00 -2389.48 2389.48 2389.48
TOTAL TAXES 0.00 0.00 -7048.02 7048.02 7048.02TOTAL LIEN COST 0.00 0.00 0.00 0.00 0.00TOTAL DISCOUNT 0.00 0.00 0.00 0.00 0.00TOTAL INTEREST 0.00 0.00 -17.76 17.76 17.76TOTAL STATE 3PCT INTEREST 0.00 0.00 0.00 0.00 0.00 =============== =============== =============== =============== =============== GRAND TOTAL 0.00 0.00 -7065.78 7065.78 7065.78
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AGENDA ABSTRACT
Meeting Date: September 17, 2012
Agenda Title: Follow-up Presentation of the Person County Recreation and Senior Center
Project Feasibility Study
Summary of Information:
At the Board’s August 6th meeting, a draft Feasibility Study was presented and feedback was
provided by the Board.
Additional comments and feedback were solicited and received over the last several weeks and now
MHA Works (Michael Hining Architecture) will present the Person County Board of
Commissioners the findings, results and recommendations for the Person County Recreation and
Senior Center Complex Feasibility Study. This feasibly study contains the following elements:
1. Project Summary
2. Data Analysis of Participants, public meeting input, and research of wants and need.
3. Design process and meeting reports:
Site Plan Building Design Concepts including Space Programs and Building Narratives
(Includes engineering answers to: best design practices, best location, cost effective
construction locations and practices)
4. Design Concept and Space Narratives
5. Building Cost Analysis and Development Time Line
6. Operational Cost Analysis
7. Market Analysis
8. Conclusion and Recommendations
Presentation will be conducted by MHA Works Planning and Architecture Firm with supporting
Civil Engineering information from Coulter Jewell Thames Engineering.
Recommended Action: Receive the presentation and authorize staff to move forward with
project planning and development if appropriate.
Submitted By: Heidi York, County Manager and John Hill, Director of Recreation, Arts, & Parks
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AGENDA ABSTRACT
Meeting Date: September 17, 2012
Agenda Title: Feasibility Study for a Potential Joint Person-Durham Multi-
Jurisdictional Business Park
Summary of Information: In February 2010, the Board met in joint session with the Durham
County Board of Commissioners to gauge interest in a joint economic development venture; a
potential joint business park near in the southern end of Person County and the northern section
of Durham County. The two boards directed their managers to explore this idea further. A
request for proposals was developed for a joint feasibility study that fall and a contract for
services was awarded to Sanford Holshouser. This feasibility study looked to:
Evaluate existing business/industrial parks in Durham and Person Counties;
Review land use plans for a development area for a Person-Durham multi-jurisdictional
park;
Evaluate infrastructure (water, sewer, electric, transportation, natural gas, and
telecommunications) capacity to serve a park development; and
Review the current target sectors of Person and Durham Counties, Research Triangle
Region, and adjoining counties close to the sites reviewed to determine which targets
would most likely find the multi-jurisdictional park attractive
In June, 2012, staff received the feasibility report. On June 26, 2012, Durham and Person
County Managers met with Sanford Holshouser to discuss the report findings. The report was
shared with the Durham County Commissioners on September 5, 2012. Their Board authorized
their Manager to proceed with the next phase of site identification.
Recommended Action: The County Manager recommends that the Board discuss the Feasibility
Study and authorize the Manager to move forward and begin to identify possible sites for a joint
Person-Durham business park, if appropriate.
Submitted By: Heidi York, County Manager
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September 2012
Feasibility Study for a
Person-Durham
Multi-Jurisdictional
Business Park
Development
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Sanford Holshouser 1
Table of Contents
Executive Summary 2
Existing Parks and Sites 4
Assessment of Infrastructure 7
Target Sectors 11
Multi-Jurisdictional Parks as an Economic Development Tool 13
Potential Areas for Development 17
Next Steps 18
Summary 22
Attachment A: Creating Economic Opportunity Through Multi-Jurisdictional Parks
Attachment B: Structural Options for Industrial Development
Sanford Holshouser Economic Development Consulting
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Executive Summary
Person and Durham Counties engaged Sanford Holshouser Economic Development Consulting
to study the feasibility of developing a multi-jurisdictional park. The communities have a
common need to spur economic growth, and they share economic resources such as laborshed,
transportation routes, education and workforce training centers, and regional amenities. The
assets and challenges of the two counties are complementary. Durham County is severely limited
by natural features such as critical watershed and self-imposed growth boundaries while Person
County has abundant land and excess infrastructure capacity.
Multi-jurisdictional parks have developed as a regional solution to growth challenges. A multi-
jurisdictional business park is just as the name implies, two or more local jurisdictions partnering
to develop a business park. Multi-jurisdictional parks are formed as an economic development
tool, allowing communities to create a marketable business park in order to recruit new and
retain expanding companies. The largest multi-jurisdictional park development in North Carolina
is Triangle North made up of sites in Vance, Warren, Granville, and Franklin Counties. Other
joint parks are in Burke County, Brunswick-Columbus Counties, and the northern Mecklenburg
County area of Huntersville-Cornelius-Davidson.
This feasibility study asked a series of questions that lead to a recommendation to move forward
with a joint Durham-Person development.
What is the current status of business park and site development in Person and Durham
Counties?
Is there a need for additional developed land for new and expanding businesses?
Is there existing infrastructure capacity to serve a new business park development?
What types of companies could be attracted to a joint Durham-Person park?
Are there areas where a new park could be developed?
Sanford Holshouser’s research draws the following conclusions and finds that a joint Durham
and Person County multi-jurisdictional park is feasible:
There is limited space remaining in developed business parks in Person and Durham
Counties.
There is no local competition for a large, new business park development targeting mid-
technology, manufacturing, and distribution sectors.
There is existing infrastructure capacity to serve a new business park development.
There are several reasons to develop a Person-Durham joint park including land use
planning, competitive pricing, cost sharing, potential shared Tier status, and the ability to
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Sanford Holshouser 3
extend infrastructure. The counties also share economic resources of labor,
transportation, education, and workforce training.
Durham County is severely limited by the Urban Growth Boundary and natural features
such as critical watershed areas.
There are potential locations for a joint business park between Roxboro and Durham and
potentially in other areas of southern Person County.
We recommend a site assessment and prioritization process. This feasibility study identified
some potential areas for a large park development. However, it is important to thoroughly assess
these areas and rank order for development. Following the site assessment, due diligence,
conceptual planning, and controlling property would be next steps to make the site shovel-ready.
Following the site assessment, Sanford Holshouser recommends that Person and Durham
Counties create a nonprofit, multi-jurisdictional entity to guide the development process and
eventually control property. This report outlines the many reasons a nonprofit corporation is the
most desired and most often chosen development entity. A good example of a nonprofit
established to develop a multi-jurisdictional park is the Kerr-Tar Regional Economic
Development Corporation, which oversees Triangle North.
There are many other steps beyond making a site shovel-ready that could be carried out: signage,
landscaping, access road, grading, virtual and/or speculative building development, etc. Sanford
Holshouser recommends taking the development one step at a time. This feasibility study was
just the first step.
Multi-jurisdictional parks can be challenging because of the complexities of the partnership.
Often these partnerships take two steps forward only to take three steps back. What keeps
partners committed and moving forward is the common need to create a place where businesses
can grow, make investments, and provide quality jobs.
Site
Assess-
ment
Nonprofit
Formation
Due
Diligence Controlling
Property
Develop-
ment
Feasibility
Study
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Existing Parks and Sites
The first step in the feasibility study was to analyze existing sites and parks in Person and
Durham Counties to determine if there is a need for another business park or large acreage
site(s). We also wanted to know if there are existing sites/parks that would compete with a
Person-Durham multi-jurisdictional park.
The inventory review was based on research gathered from the NC Department of Commerce,
which maintains a database of sites, parks, and buildings. Person and Durham Counties reviewed
the information from the database and filled-in missing data points. Sanford Holshouser
reviewed location, acreage, sales price, tenant make up, and infrastructure.
Person County markets six sites through the NC Department of Commerce. Four of the
sites are, or could be through expansion, in excess of 25 acres.
Person County Sites
Industrial Drive 300-acres of multiple tracts near existing industries. It is fully served
with all infrastructure.
Person County
Business & Industrial
Center
An existing industrial park on US 501. There are two existing
businesses and a solar farm in the park. There are over 700 acres in
the area that could be included in the industrial park. The park is fully
served with infrastructure.
Person North Park An 18-acre site that could be expanded to over 200 acres. There are
two existing businesses adjacent and rail in the area. Infrastructure is
in the area serving existing businesses.
Timberlake Site Timberlake site has been marketed at 47 acres. The site is near the
Person County Airport. There are over 500 acres nearby that could be
included in a park development.
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Durham County markets 13 sites through the NC Department of Commerce. Four sites,
Teknika Parkway, Junction East and West, and Treyburn all exceed 100 acres, the largest
being Treyburn Corporate Park.
Durham County Sites
Treyburn Corporate
Park
200-acre, well-developed business park and part of a mixed-use
development. Fully served with infrastructure. Several existing
businesses in the park.
Oxford Road Site A 43-acre site fully served with infrastructure.
Comstock Road A 48-acre site in southeastern Durham County.
Teknika Parkway,
Treyburn
A 109-acre site in the Treyburn Development.
Gentry Site 113 acres on Hamlin Road in the vicinity of the Oxford Road Site and
Freudenberg development.
Junction East and
West
210 and 175 acres, respectively, south of I-85 on Junction Road
Joven Site 50 acres near Junction East and West.
Treyburn Corporate Park Aerial
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Summary
Person County has substantial acreage adjoining industrial sites or in the vicinity of
existing businesses and industries. This acreage has not been developed as a business
park. For example, a property may have multiple owners, no long-term control obtained,
infrastructure and roads have not been improved, and there are no features that
distinguish these tracts as being part of a development.
Durham County’s inventory is very limited for a community of its size and business
expansion potential. It has some very well-developed sites, such as Treyburn Corporate
Park, but lacks large acreage tracts and large business park developments in excess of
200 acres. The few large acreage sites marketed have not been developed and are not
large enough for a park setting. For example, properties like the Jovan Site would be a
stand-alone site as there is not enough adjoining acreage to expand it into a larger site or
a business park.
Treyburn Corporate Park is the only major park development with acreage remaining in
Durham County. However, Treyburn is positioned to attract headquarters and high
technology companies. There is not a competitively priced park with available land to
attract mid-technology and general manufacturing/warehouse-distribution companies to
Durham County.
The ability of Durham County to develop new parks is limited by watershed, Falls Lake,
the Urban Growth Boundary, and other natural and self-imposed limitations.
Another consideration is pricing. Undeveloped land in Person County is priced as low as
$7,000/acre. Developed land in a business park is priced at approximately $35,000.
Undeveloped land in Durham County (Junction East/West sites) is priced at $45,000
(asking price) while in a business park such as Treyburn, land is priced at approximately
$65,000 acre.
Sanford Holshouser does not believe that there is an existing park development in
Durham or Person Counties that would compete with a multi-jurisdictional development
focused on mid-technology or general manufacturing/warehousing.
Person and Durham Counties would both benefit from a
large, developed, competitively-priced business park.
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Assessment of Infrastructure Capacity
If Person and Durham Counties were to move forward with a park development, it is important
to assess if there is adequate infrastructure capacity to serve such a development.
Durham County is in an enviable position when it comes to water and sewer infrastructure with
much of the County being served by the City system. The City of Durham water system capacity
is 52 MGD with excess capacity of 19 MGD. Similarly, the wastewater system has a permitted
capacity of 40 MGD with an excess of 20 MGD. However, the City of Durham is unlikely to
extend water and sewer service north because of the Urban Growth Boundary and natural
features.
Person County is served by the Roxboro municipal water and wastewater system. Current
capacity is 8 MGD with an excess of 5.5 MGD. The Dan River agreement is in its final stages
for approval and would allow another 10 MGD. This final approval will likely be in place within
the next six to twelve months. The wastewater treatment plant has 5 MGD of capacity with only
1.75 MDG currently being utilized. The excess capacity of water (5.5 MDG) and wastewater
(3.23 MGD) is sufficient to serve a business park. NC Department of Commerce only requires
500,000 GPD of excess water capacity and 300,000 GPD of excess sewer capacity for the park to
be certified. Sanford Holshouser really likes to see higher amounts for business parks given that
a few users could exceed Commerce’s minimum standards.
Both of these area maps are displayed larger in the Appendix.
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Sanford Holshouser 10
Person County sites are primarily served by Progress Energy, and Durham County sites are
primarily served by Duke Energy. Both providers are known to be supportive of economic
development, able to serve large developments, and aggressive in the recruitment process.
PSNC is the natural gas provider in both counties. Natural gas service will be an important
consideration for a park development. While there are built-out business parks in North Carolina
that do not have natural gas, most companies do prefer to have energy choices.
Summary
Depending upon the location of a multi-jurisdictional park, both the City of Durham and
Person Counties have the ability to serve a large business park development with water
and sewer service without upgrades to the system. However, it is unlikely the City of
Durham would extend service.
A business park development in the southern area of Person/northern area of Durham
Counties could bring water and sewer extensions to areas not currently being served,
thereby bringing infrastructure to residential and commercial areas now on well/septic
service.
Infrastructure capacity is available to serve a multi-jurisdictional park
development and such a project could be used as a
catalyst to further extend services.
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Target Sectors
Sanford Holshouser researched the current target sectors of Durham and Person Counties. Target
sectors are industry sectors targeted for business recruitment. Target sectors are based on existing
business clusters, suppliers and customers of existing businesses, growing sectors, and the
industry sectors of new and expanding companies.
Durham County’s Clusters
Life Sciences
Financial Services
Pervasive Computing
Analytical Instruments/Robotics Process and Testing Equipment
Nanoscale Technologies
IT/Informatics
Green Technologies
Person County has not identified target sectors for recruitment; however, these sectors have been
the most active in terms of recent expansions and prospect activity.
Food Manufacturing
Transportation and Trucking
Automotive Components
Renewable Energy
Durham and Person Counties are part of the Research Triangle Regional Partnership (RTRP).
Being a part of the same economic development region means that there is collaboration and
cooperation in external marketing for business recruitment. Generally, there is some alignment of
target sectors between counties in the same economic development region. Recruitment targets
for RTRP are:
Advanced medical care
Agriculture biotechnology
Analytical instrumentation
Biological agents and infectious diseases
Interactive gaming and e-learning
Cleantech
Defense technologies
Informatics
Nanoscale technologies
Pervasive computing
Pharmaceuticals
Sustainability
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Summary
Person County is a manufacturing-based economy and most of the recent expansions and
prospects are in general manufacturing. Durham County recently lost manufacturing
projects due to a lack of sites. A joint development could capture companies that now
eliminate Durham County due to lack of site availability but prefer quick access to the
Durham market.
Durham County’s existing technology clusters have the potential to expand
manufacturing in the region. Without a good inventory of developed sites, Durham
County could lose the manufacturing side of a technology company’s expansion. For
example, a life sciences company conducting research on medical devices could locate its
manufacturing operation in a Durham-Person business park. This is true with other
technology companies located in the Research Triangle. Often research and development
operations are performed at a location in the Triangle where scientists, engineers, and
other professionals are located. Manufacturing operations are often located on the fringe
of the Triangle to take advantage of a lower cost environment and to attract mid-skilled
workers.
A joint park between Durham and Person Counties would provide a company the
opportunity to attract skilled workers for management, engineering, and other
professional positions along with mid-skilled workers familiar with manufacturing.
A joint business park development could attract mid-technology
manufacturing and distribution companies growing out of
technology sectors in the Triangle.
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Multi-Jurisdictional Parks as an Economic Development Tool
Sanford Holshouser Managing Partners Crystal Morphis and Ernie Pearson co-authored an
article on multi-jurisdictional parks for the International Economic Development Council in
2011. Due to the relevance of this project, we excerpt some information from that article for this
report. The full article is attached.
Overview
A multi-jurisdictional business park is just as the name implies, two or more local jurisdictions
partnering in developing a business park. The jurisdictions can be composed of any unit of local
government and can be funded with or without private partners. Multi-jurisdictional parks are
sometimes called revenue sharing parks. These types of parks have been established between
cities, counties, and private partners. The combination of partnerships is limitless. Multi-
jurisdictional parks are formed as an economic development tool, which allows localities to
create a marketable product in order to recruit new and retain expanding companies.
Perhaps the greatest benefit of a multi-jurisdictional park is that it offers a way to share the costs
and benefits of product development. Partners share the costs of due diligence, infrastructure
extensions, land, transportation access, site preparation, signage, and the many other expenses
that go into developing a business park. Return on the investment is realized by sharing property
tax revenue, which is increased as the park is developed and when businesses invest in a new
facility at the park. Tax revenue is shared among the jurisdictions that partner in the
development, regardless of whether the park is located in a particular jurisdiction. Most often,
revenue is shared proportional to each partner’s investment in overall development costs.
Reasons for a Partnership
First and foremost, multi-jurisdictional parks are good land use policy. Every
municipality and county may not need or desire to develop a business park in their
jurisdiction. In fact, many do not have the resources. Land in some areas is best suited for
tourism, recreation, or housing, and sustainable development practices may not support
business park development. Instead of developing a park in a location where it does not
fit with current land use policy, it is often better to find a partner and develop a park
where it is appropriate.
By pooling resources, communities can create a superior business park to those
developed with fewer resources. One common pitfall of smaller communities developing
parks is the lack of, or failure to commit, the substantial resources needed to create a
product that is marketable. Water and sewer lines may not have been extended, access
roads may remain unpaved, and land may remain uncleared. Developers today know that
parks must be fully developed and shovel-ready in order to be competitive. Multi-
jurisdictional parks allow communities with limited resources to pool resources with
partners and invest in the development steps needed to create a marketable park.
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Funding is more widely available from grant and appropriation sources for regional
economic development projects. This is illustrated through several examples of multi-
jurisdictional parks provided here. Grant agencies often give priority to regional
economic development projects and/or make more funding available. Arguments for
special appropriations at the state level carry more weight when made on behalf of a
region, rather than a single community. It is also easier to gain political support when a
development has the potential to positively impact the constituents of multiple districts.
There are an increasing number of communities that have outspoken groups opposed to
development. These communities need a tax base from business and industry to support
local government services but face obstacles in expanding their tax base. By joining with
a neighboring jurisdiction that welcomes business development, partnerships can be
established that allow for employment centers near a workforce but away from areas
coveted by anti-growth groups.
Land costs in some areas have been driven out of range for business and industrial
development. A city or county may desire new business locations but cannot secure
competitively priced land within its jurisdiction. If that is the case, it could be
advantageous to partner with a neighboring community in which land costs are
substantially less and, therefore, more appealing to business and industry. Communities
that have long considered themselves out of business recruiting could be back in the
ballgame through a partnership with a neighboring community with competitively priced
land.
It can be the case (particularly in mountainous areas) that it is more efficient for a
neighboring local government partner to extend infrastructure to the site of a new
business park (e.g. water), which may lie outside its jurisdiction. The provision of
infrastructure would be a basis for a multi-jurisdictional business park.
In North Carolina, and in some other states, legislation has been passed that provides for
certain multi-jurisdictional business parks to share the most favorable state incentive
treatment that would be allowed for the most distressed local government involved in the
development. The effect of “sharing” a favorable incentive tier ranking will boost the
marketability of all of the property.
The difference can be substantial. Person County is a Tier 2 County and a new company
could receive $5,000 per job in state tax credits. Durham County is a Tier 3 County and a
new company could receive $750 per job in state tax credits. The difference of $4,250 per
job can be substantial.
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Triangle North is the largest multi-jurisdictional park development in North Carolina. One regional nonprofit corporation controls sites in Vance, Granville, Warren, and Franklin Counties. Other multi-jurisdictional parks are in Huntersville-Cornelius-Davidson, Burke County and its municipalities, and Brunswick-Columbus Counties.
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Summary
Person and Durham Counties could benefit from a multi-jurisdictional park based on the
following:
Better land use planning by identifying an area suitable for a business park. Both counties
are committed to sustainable development; therefore, any new business development
would need to maximize existing resources and minimize impact.
More competitively priced land in Person County. The price difference per acre is not
huge between the two counties; however, the difference multiplied by many acres can be
substantial.
Cost sharing. Multi-jurisdictional park developments can support the development of a
superior product because of the ability to pool resources.
Opportunity to extend needed infrastructure to areas in each community.
Potential for shared Tier status for economic development incentives, allowing
application of the lower Tier status for the park.
The communities share labor force, transportation, educational institutions, workforce
training centers, regional amenities, and many other economic development resources.
There are several sound reasons to support a joint
Development between Person and Durham Counties.
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Potential Areas for a Business Park Development
Sanford Holshouser reviewed many areas, particularly in Person County, that should be
considered for a multi-jurisdictional park. Areas around the airport were reviewed because of the
airport’s capacity. The Person County Airport has a runway length of 6,005 and is used for
overflow from Raleigh-Durham International. Areas near the Person County Business and
Industrial Center offer expansion of the current business park, which houses two businesses and
a solar farm. These areas in Person County are only a few miles from the Person-Durham County
line. These areas are feasible from cost, infrastructure, and laborshed perspectives.
Durham County has few large tracts of undeveloped land to the west (bordered by Orange
County), to the south (bordered by Chatham and Wake Counties), and to the east (bordered by
Falls Lake and critical watershed). The northern area of Durham County has residential
development areas that should be considered when identifying land for business development. In
addition, the Urban Growth Boundary will limit areas for development. Therefore, site
identification will likely focus on the area between Roxboro and Durham. A joint park ideally
would span the County line, and we did visit sites that are almost on the County line.
A next step in the development process, outlined in the next section, is to further research, assess,
and prioritize potential sites for a joint development.
Based on our review of access and proximity to existing infrastructure, some areas we
recommend for consideration in the next step are:
Areas near the Person County Airport
Area near the Person County Business and Industrial Center
Areas near the Person-Durham County border
There are several areas to assess in the next phase of
development as potential sites for a joint development.
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Next Steps
This feasibility study is only the first
step to developing what could
become a transformational economic
development project.
There are many steps that follow
from this feasibility study. Precedent
shows that multi-jurisdictional park
developments often take two steps
forward only to take one step back
because of the challenges of such a
complicated partnership. Success has
come when the partners continue to
forge ahead because of shared need.
Sanford Holshouser recommends the following next steps to Durham and Person Counties.
Complete a site assessment and prioritization process. This feasibility study identified
some potential areas for a large park development. However, it is important to thoroughly
assess these areas and rank order for development. All of the assessment steps, and more,
will be needed if the site is to be certified through the NC Department of Commerce –
and Sanford Holshouser would recommend that a park be certified. None of the funds
expended on these steps would be wasted; rather, they will be a part of making the site
marketable. Some of the steps in the process would include:
o Confirm willingness of landowners to sell or be a part of a public-private
partnership.
o Determine general costs of land development such as infrastructure extension,
road improvements, land purchase or option, etc.
o Rank the sites in order to focus on the site with the highest development potential.
If for some reason the first priority sites does not work out (environmental issues
for example), you automatically have another site identified.
A budget for Site Assessment would be in the range of $20,000 to $30,000 depending
upon the exact scope of work. This step typically would take about three to four months.
For the priority site:
o Conduct limited due diligence to confirm no major environmental, geotechnical,
or land use issues with site development.
o Conceptual planning to determine general site layout.
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o Outline a development plan, step by step, that takes the site from unimproved
greenfield to shovel-ready. This would likely include site certification.
Site certification will likely range $30,000+ depending upon the size of the site and what
level of previous due diligence has been performed. In the timeline below, site
certification is recommended to come after the site assessment process is complete,
possibly in another fiscal year.
As stated above, performing these assessments will not be lost efforts but will build momentum
towards assembling a viable business park and taking the first steps toward certification.
Oftentimes the first steps are the most difficult, but the rewards of such efforts come back to the
respective communities multi-fold in terms of jobs, tax base, and an enhanced reputation as
being a significant player in the economic development arena.
There are many other steps beyond making a site shovel-ready that could be performed: signage,
landscaping an entrance, access road, grading, speculative building development, etc. Sanford
Holshouser recommends taking the development one piece at a time.
Form a nonprofit, multi-jurisdictional entity to guide the development process and
eventually control property. There are many reasons a nonprofit entity is the most
desirable development structure. We list a few notes here; however, we attached a white
paper from our strategic partner, Nexsen Pruet, authored by Ernie Pearson, that describes
in detail the nonprofit structure.
o Nonprofit entities limit liability for the local governments involved. Private
developers use limited liability companies for every individual development to
protect their assets. The public sector uses nonprofits in much the same way to
limit liability and protect public funds. Every multi-jurisdictional park in North
Carolina (except the cross-border park between Clay County, NC and Towns
County, GA) has been developed by a nonprofit entity for the main reason of
limiting liability.
o Nonprofits can make decisions faster than local governments and this is important
not only in the development process but also when the park begins to recruit
companies. It is not efficient to have to seek approval from multiple government
boards for decisions on pricing, terms of sale, restrictive covenants, etc. Nonprofit
boards can make decisions faster, which is important to the economic
development process.
o The participating local governments appoint representatives to the nonprofit board
and thus have control over decision-making. Another powerful control
mechanism is funding. The nonprofit will likely receive any necessary funding
from the local governments or through a government’s ability to apply for grants.
If the nonprofit does not make development decisions consistent with the local
government desires, board members can be changed and funding revoked.
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o Nonprofits are most often not subject to the same level of open records
requirements, which is important when dealing with confidential economic
development projects. With public appointees to the nonprofit board, the group
can be as transparent as government; however, in the specific case of recruiting
new companies, confidentiality can be maintained.
o Establishing a nonprofit for a park development clearly spells out the mission,
who does what, who is responsible, funding partnership, etc. By working out
these details, development can proceed unencumbered.
A good example of a nonprofit established to develop a multi-jurisdictional park is the
Kerr-Tar Regional Economic Development Corporation, which oversees Triangle North.
As stated above, every multi-jurisdictional park development and in fact, most business
park developments are developed through nonprofit entities.
It should be noted that a nonprofit to guide development of a multi-jurisdictional park is
different from nonprofit entities guiding local economic development operations. An
operational nonprofit organization serves one community by carrying out its economic
development program. The nonprofit recommended in this report will only take on the
task of developing the multi-jurisdictional park in which multiple units of local
government will be involved.
The nonprofit board can be structured and given responsibilities as designated by the
local governments. This is one example of how responsibilities could be designated.
Government Responsibility Nonprofit Responsibility
Appoint board members to the nonprofit Guide park development
Appropriate funding for park development Hold title or option to the property
Participate in development planning Enter into a public-private partnership for
development
Apply for grants for park development Market and promote the development
There are two aspects of forming the nonprofit that should be considered and budgeted.
First, facilitating an interlocal agreement between the partners and developing the
affiliated documents is estimated to cost $25,000 - $50,000 or higher. The wide range
reflects the uncertainty of whether the partners will agree to terms quickly or after much
deliberation. Second, the filing of the nonprofit documents and obtaining tax exempt
status is estimated to range from $4,500 to $5,500 depending upon the complexity of IRS
review.
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Summary
Proposed Timeline of Next Steps
2012-2013 2013-2014 2014-2015+
Site Assessment
Structure Nonprofit Due Diligence Controlling Property Site Certification
Improvements: access, signage, infrastructure
Next steps are assessing and prioritizing sites and forming a
nonprofit development corporation.
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Summary
Interest continues to grow in utilizing multi-jurisdictional parks as a regional economic
development tool. The interest from Durham and Person Counties is well-founded. The counties
share common assets that support a regional approach to economic development.
There is limited space remaining in developed business parks in Person and Durham
Counties.
There is no local competition for a large, new business park development targeting mid-
technology, manufacturing, and distribution sectors.
There is existing infrastructure capacity to serve a new business park development in
both counties; however, service will likely come from Person County due to the Urban
Growth Boundary in Durham County.
There are several reasons to develop a Person-Durham joint park including land use
planning, competitive pricing, cost sharing, potential shared Tier status, and the ability to
extend infrastructure.
There are potential locations for a joint business park between Roxboro and Durham and
potentially in other areas of southern Person County.
Next steps are assessing and prioritizing sites and forming a nonprofit development
corporation.
The feasibility study shows that a multi-jurisdictional park development between Durham and
Person Counties is feasible. The history of partnership between the counties bodes well for a
successful venture. The opportunity for a transformational economic development project
warrants taking the next steps of assessing specific sites for development and forming a nonprofit
entity.
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Attachment A:
Creating Economic Opportunity Through Multi-Jurisdictional Parks
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128
129
130
131
132
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Attachment B:
Structural Options for Industrial Development
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Nexsen Pruet NEXSEN PRUET, PLLC POST OFFICE BOX 30188, RALEIGH, NORTH CAROLINA 27622 919.755.1800 TELEPHONE 919.653.0435 FACSIMILE www.nexsenpruet.com
STRUCTURAL OPTIONS
FOR
INDUSTRIAL PARK DEVELOPMENT
Prepared by Ernest C. Pearson, Esq. of the Law Firm of Sanford Holshouser LLP
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TABLE OF CONTENTS
Introduction ............................................................................................................ 3
Single Jurisdictional Development Effort.................................................................. 4
Legal Authority
Development Entity
Government/Development Entity Interrelationships
Administration and Management
Financing
Multi-Jurisdictional Development Effort ................................................................. 17
Legal Authority
Development Entity
Government/Development Entity Interrelationships
Administration and Management
Financing
Conclusion .............................................................................................................. 25
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INTRODUCTION
For anyone schooled in economic development programs and initiatives, there are
certain universally accepted realities. One of these is expressed most simply by a
commonly utilized phrase to the effect that one “cannot sell out of an empty wagon.” In
order to attract business recruitment projects a threshold requirement is that a locality
have a good inventory of industrial/business park properties, and quality available
buildings. Without a quality product to sell, it is difficult or impossible to attract a regular
flow of recruitment prospects.
In certain areas in North Carolina, the private, for profit sector generates a
sufficient quality and diversity of such properties. In such areas it is generally not
advisable or necessary for public sector economic development entities to engage in the
development of industrial/business parks and shell buildings. However, this vigorous level
of private development is often not present in areas outside of the major metropolitan
areas of this State.
In areas where the private sector does not fulfill the need for a varied range of
properties generally desired by recruitment projects, it is very common that some public
sector entity, or a representative of that public sector entity, will engage in
industrial/business property development. More recently, through the efforts of this law
firm, there have been several efforts by two or more local governments to share in the
costs and benefits of such a development effort.
This paper outlines options as to how a local government, or an entity acting on its
behalf, might undertake the development of an industrial/business park through its sole
efforts. Also outlined herein is a description of how two or more local governments can
partner together to engage in a development effort. As requested, recommendations will
be made as to the structures for such efforts which are considered by this law firm to be
preferable. Lastly, recommendations as to next steps will be made.
One point should be noted. What is contained in this paper are options and
preferable approaches to this type of project, which are generally applicable. However,
the circumstances in each local governments area or group of local government are
unique. Consequently, the final structure a development project might take will be
determined largely by those unique circumstances, and might in the end, be different from
the general conclusions set forth in this paper.
First, this paper will address options and recommendations applicable to a local
government, or a representative entity, undertaking a development effort without the
involvement of another local government. Secondly, options and recommendations as to
the structure of a multi-jurisdictional industrial/business park effort will be commented
upon.
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SINGLE JURSIDICTIONAL DEVELOPMENT EFFORT
Legal Authority
As stated above, it is quite common to see a local government engage in the
development of industrial/business park property either in its own name, or by way of
some affiliated economic development entity. There is clear statutory authority for this.
Portions of the Local Development Act, found in N.C.G.S §158-7.1 provides this
authority. Subsection (a) of the Act gives very broad undefined authority for a local
government to undertake efforts and make expenditures to promote economic
development. In pertinent part, subsection (a) states:
“Each county and city in this State is authorized to make
appropriations for the purposes of aiding and encouraging the
location of manufacturing enterprises, making industrial surveys and
locating industrial and commercial plants in or near such city or in the
county;…..”
Subsection (a) goes on to state that a local government is authorized to make such
expenditures and undertake economic development efforts which:
“…in the discretion of the governing body of the city or of the
county commissioners of the county, will increase the population,
taxable property, agricultural industries and business prospects of any
city or county.”
One could make the case that the broad grant of authority under subsection (a) is
sufficient authority in and of itself to allow for a local government to develop an
industrial/business park. However, pertinent portions of subsection (b) of the Act provide
absolutely explicit authority, when it states:
“A county or city may undertake the following specific economic
development activities. (This listing is not intended to limit by
implication or otherwise the grant of authority set out in subsection
(a) of this section). The activities listed in this subsection may be
funded by the levy of property taxes pursuant to G.S. 153A-149 and
G.S. 160A-209 and by the allocation of other revenues whose use is
not otherwise restricted by law.
1. A county or city may acquire and develop land for an
industrial park, to be used for manufacturing, assembly,
fabrication, processing, warehousing, research and
development, office use, or similar industrial or
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commercial purposes. A county may acquire land
anywhere in the county, including inside of cities, for an
industrial park, while a city may acquire land anywhere in
the county or counties in which it is located. A county
or city may develop the land by installing, utilities,
drainage facilities, street and transportation facilities,
street lighting and similar facilities; may demolish or
rehabilitate existing structures; and may prepare the site
for industrial or commercial uses. A county or city may
convey property located in an industrial park pursuant to
subsection (d) of this section.
2. A county or city may acquire, assemble, and hold for
resale property that is suitable for industrial or
commercial use. A county may acquire such property
anywhere in the county, including inside cities, while a
city may acquire such property inside the city or, if the
property will be used by a business that will provide jobs
to city residents, anywhere in the county or counties in
which it is located. A county or city may convey
property acquired or assembled under this subdivision
pursuant to subsection (d) of this section.
3. A county or city may acquire options for the acquisition
of property that is suitable for industrial or commercial
use. The county or city may assign such an option,
following such procedures for such consideration, and
subject to such terms and conditions as the county or city
deems desirable.
5. A county or city may construct, extend or own utility
facilities or may provide for or assist in the extension of
utility services to be furnished to an industrial facility,
whether the utility is publicly owned or privately owned.
6. A county or city may extend or may provide for or assist
in the extension of water and sewer lines to industrial
properties or facilities, whether the industrial property or
facility is publicly or privately owned.
7. A county or city may engage in site preparation of
industrial properties or facilities, whether the industrial
property of facility is publicly or privately owned.”
The omitted subsection 4 gives a local government the additional authority to build shell
buildings.
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As another indication of legislative support for a local government to undertake a
project such as this, one can look to N.C.G.S. §153A-149(c)(16a), the statutory section
which lists in great detail various activities and efforts a county government can
appropriate tax proceeds to. A similar statute exists for municipalities. In pertinent part
this statute states:
“Each county may levy property taxes for one or more of the
purposes listed in this subsection up to a combined rate of one dollar
and fifty cents ($1.50) on the one hundred dollar ($100.00) appraised
value of property subject to taxation. Authorized purposes subject to
the rate limitation are:
(16a) Industrial Development - To provide for industrial
development as authorized by G.S. 158-7.1”
Based on the above, it is universally accepted that a local government can
undertake a industry/business industrial park development effort in its own name.
It is also accepted as the law in this State that if a local government is authorized
to undertake and appropriate funds for a certain effort, it can also contract with a separate
entity to do the same thing. N.C.G.S. §153A-449 reads as follows:
“A county may contract with and appropriate money to any person,
association, or corporation, in order to carry out any public purpose
that the county is authorized by law to engage in.”
Another statute also gives this authority to municipalities. Consequently, inasmuch
as a local government can acquire land and develop it as an industrial/business park, as a
proper public purpose, it can also contract with another entity to do this as well.
Development Entity
As suggested above, the development of an industrial/business park can be
undertaken by a local government in it is own name or it can contract with and fund
another entity to carry out such a project. The advantages of each option and a
recommended approach are summarized by the following.
A local government can undertake this development effort in its own name. This
has some advantages. This approach gives the most direct control to the entity which will
likely be the largest contributing partner, the local government. Also, to the extent that
traditional public financing is used for land acquisition and/or development, a lower
interest rate might be available to a local government than the interest rate another entity
might have to incur.
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However, there are inherently many more advantages to having an entity other
than the local government serve as the development entity. Some of these advantages are:
1. Limited Liability. By containing the land acquisition and development
effort in another entity, the public resources of the County are not exposed
to liabilities which may arise in the project. This aspect of limited liability
leads to most private developers doing each project in a separate
corporation or limited liability company. That way if there is an
unexpected, catastrophic liability in one project that liability does not go
over to other assets and projects of the developer. Should not a local
government take steps to limit liability exposure of public funds, which are
at least equivalent to what a private developer would do to protect his own
money?
2. Private Funds. Certain forms of economic development entities are much
more effective vehicles for raising funds from the private sector, than a
local government would be. Very few companies or individual would
readily choose to give some money to a government entity than was
already required as a tax assessment. However, 501(c)(3) non profit
economic development corporations have traditionally proven to be a very
effective vehicle for raising private dollars to support economic
development efforts. These dollars supplement, but generally do not
replace funding from the local government. Private funds will however
reduce the financial burden on the local government.
3. Confidentiality. Set up and maintained properly, a reasonable argument
can be made that a non-profit economic development corporation is not a
public agency subject to the public records law or the open meetings law,
to which a local government would be obligated to adhere. Breaches of
confidentiality or untimely speculations in the media can destroy the
prospects of recruiting certain projects. This ability to meet, discuss
projects and take necessary actions totally outside of the public eye is a
very valuable economic development tool. At the right time, the public
should be fully informed as to how public funds were invested in a project,
but this disclosure must be timed to be conducive to the recruitment of
projects.
4. Infusion of Expertise. Most local government boards have people of
significant expertise serving on them. However, the governing board of a
separate economic development entity can be tailored to bring individuals
into the development effort who have a particular expertise (e.g. land
planning, finance, real estate development, etc.), who have contacts that
can be helpful in the development or marketing effort, or who are major
financial supporters of the project.
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5. Greater Business Flexibility. Local governments operate under a range of
statutory requirements for acquisition of property, conveyance of property,
public bidding for work to be done, etc. that a separate entity may not be
subject to. Certainly any affiliated entity that is carrying out a development
project of this nature should adhere to sound business and fiscal practices.
However, in dealing with the recruitment of private businesses, it is many
times helpful if the recruitment entity can take action more like a private
business, and not be subject to the requirements a local government would
be required to follow.
6. Perception. It is not always true, but some recruitment prospects perceive
it to be more desirable to deal with a private sector economic development
individual/organization, rather than a public sector individual/organization.
It may be a reality in some instances that dealing with a private sector
entity, rather than a public sector entity is more effective. Or it may just be
a perception in other circumstances. However, the perception does exist.
That is one reason why most regional partnerships senior executives and
many local economic developers bear the title of President/CEO rather than
Director or Executive Director.
7. Political Repercussions. It is not the case in every locality, but inevitably
in many locations in this State, political electoral changes and other factors
can lead to unhelpful and inappropriate political influences destabilizing an
economic envelopment effort. Having an entity to carry out this type of
development project which is somewhat insulated from political disruptions
increases the likelihood of long-term success. Likewise, elected officials
have some insulation against public controversies which may arise in a
development project of this nature.
For all the reasons outlined above, it is recommend that a separate economic
development entity be utilized as the party responsible for land acquisition, land
development and marketing, as opposed to a government entity.
There are several types of economic development entities which might be utilized
as the development party in this type of project. These would include:
1. 501(c)(3) Non-Profit Corporation. This entity would be a corporation,
registered with the Secretary of State. Its Board can be designated and
perpetuated in any number of ways, but it should have a Board which
consists of a large majority of private sector individuals, not appointed by
the local government board. However, one or two positions on the Board
should be held by representatives of the local government, so that the local
government will have full insight into and some influence over how the
project is managed. Maintaining a significant majority of private sector
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members helps to reduce the chance that the non-profit would be
considered to be an alter ego of the local government, and therefore a
public agency subject to all of the public record, open meetings, public
bidding and other requirements the local government would have to follow.
Tax exempt status can be obtained under section 501(c)(3) of the Internal
Revenue Code, which allows for its treatment as a charitable organization
in that it assists in “reducing the burden of government.” From this firm’s
experience in handling a significant number of non-profit applications, a
501(c)(3) non-profit to be used as a real estate development entity receives
a stringent level of review, but this firm has never had such an application
denied. Of the greatest importance is that a 501(c)(3) non-profit
corporation maximizes the potential of raising other money to supplement
public funds, inasmuch as a donor can receive a charitable contribution
income tax deduction for a contribution to this type of entity. One
limitation of this type of entity is that there could be some issues of private
benefit/inurment which could arise in the subsidized sale of land as a
recruitment inducement. But a good case could be made that this issue,
which can create problems for a non-profit’s tax exempt status, would not
be applicable in this situation.
2. 501(c)(6) Non-Profit Corporation. This type of non-profit is allowed tax
exempt status under section 501(c)(6) of the Internal Revenue Code by
virtue of being a business association and an economic development entity,
among other applicable classifications. The other comments above about a
501(c)(3) non-profit corporation apply to a 501(c)(6) corporation as well,
with one major exception. A donor to a 501(c)(6) non-profit corporation
cannot write the contribution off as a charitable deduction. Consequently,
this type of entity is not as effective in raising private funds as is a
501(c)(3) entity. But if there is no interest now or in the future in raising
private funds, it can work fine as a real estate development entity.
3. For Profit Corporation or Limited Liability Company. A for profit
company could be utilized as a development party. This has substantially
less, if any precedent, in this State, as opposed to non-profit development
entities, which have numerous precedents. There can be conflicting
interests in having investors involved in a for profit entity (looking for a
return on their investment), versus the non-profit motives of promoting
economic development. For example, an investor with a profit motivation
is far less likely to accept less compensation for land as an inducement to
locate a recruitment prospect. If private investments are being sought by
the company, such solicitation would likely be subject to the state’s
security laws. In this regard N.C.G.S. §78A-17(13) allows for a for profit
economic development corporation to be exempt from registration as a
security. The following language of this statutory provision describes the
type of economic development corporation which is exempt:
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“Any offer or sale by a domestic entity of its own
securities [is exempt from registration as a security
and is also exempt from the requirements for filing
of a prospectors or similar sales literature] if (i) the
entity was organized for the purpose of promoting
community, agricultural or industrial development of
the area in which the principal office is located, (ii)
the offer or sale has been approved by resolution of
the county commissioners of the county in which its
principal office is located, and, if located in a
municipality or within two miles of the boundaries
thereof, by resolution of the governing body of such
municipality, (iii) no commission or other
remuneration is paid or given directly or indirectly
for soliciting any prospective buyer in this State, and
(iv) the corporation [entity] is both organized and
operated principally to promote some community,
industrial, or agricultural development that confers a
public benefit rather than organized and operated
principally to generate a pecuniary profit.
4. Economic Development Authority. Although it is not a common vehicle for
such development projects, an Authority could be set-up, if enabling legislation
is obtained from the General Assembly. This would be a government entity
which would be created by statute. If the enabling legislation so provided, the
Authority would have some useful powers, such as condemnation, issuing
bonds, and/or the designated receipt of tax revenues.
As stated earlier in this paper, there can always be specific circumstances which
call for a different approach in a particular locality. However, it is generally the case that a
501(c)(3) non-profit corporation is, for a number or reasons, a very effective vehicle as the
development party for this type of effort. Consequently, this form of entity is
recommended.
Government/Development Entity Interrelationships
Even if an entity separate from the local government is utilized as a development
party, the local government would continue to be intimately involved in the development
and recruitment effort. By virtue of the funding which would come from the local
government, and of the matters which would have to be brought back before the local
government board, the local government would continue to have a strong influence or
control over the development project, even though the local government’s representation
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on the Board of the development entity would be in a distinct minority. Some of the
mechanisms which allow the local government to continue to have great influence are:
1. Memorandum of Understanding. Any appropriation of funds should be
pursuant to a memorandum of understanding or agreement between the
local government and the separate development entity. This document
should set forth what those funds can be used for; what the funds cannot be
used for; requirements for periodic reports to the local government board
on the status of the project and the use of the public money; requirement of
an annual audit of the development entity to be provided to the local
government; and the right of the local government to inspect the books of
the separate development entity as deemed necessary by the local
government. These controls satisfy the fiduciary obligation of local
government officials to monitor the use of public funds. Also, the terms of
the agreement gives the local government a significant degree of control
over the development entity’s efforts.
2. Regulatory Approvals. The local government will continue to exercise
significant control over the project by virtue of various matters having to
come back before it for approval. Depending upon local ordinance
requirements this might include matters such as conditional or special use
permits, rezoning requests, site plan approvals, requests for appropriations
to fund infrastructure to the site, etc. The requirements to go back through
the local government for certain regulatory approvals, gives the local
government significant influence and control, even without having a
majority on the Board of the development entity.
3. Incentive Approvals. Any incentive grants the local government might be
asked to make in support of locating a recruitment project would be
subject to a public hearing, and a decision by the local government board.
Also, any reductions in cost of land as a recruitment inducement could be
made to be subject to the same public hearing and local government board
actions.
4. Financing. Any financing by the separate development entity would likely
require that the local government make a pledge to make future
appropriations to cover debt service, inasmuch as the development entity,
in its early stages, would not have a cash flow to service this debt.
All of the above would assure that the local government stays involved in the
activities of the development entity. Consequently, even without having direct control
over the affairs of the development entity by way of a majority on that entity’s governing
Board, it would be highly unlikely that the development entity would stray far from the
overall direction deemed appropriate by the local governing board
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Administration and Management
If this development project is undertaken by the local government in its own name,
the administration and management of this effort would likely be carried out by staff of the
local government.
The local government could contract with a private sector entity to carry out the
development efforts on this project. However, the obligations for oversight and ultimate
management control would rest with officials of the local government.
It would be likely and it is well precedented that the county economic developer
would be heavily involved in the development effort and largely responsible for the
marketing effort.
If this development project is handled by a separate development entity (such as a
501(c)(3) non-profit corporation), it would be likely that more of the responsibilities for
development would fall upon the local economic developer. Local government staff
would still be called upon for help on certain matters, but by the nature of this being
handled through a separate entity, it is likely that local government staff would be much
less involved in the development effort.
It is conceivable that staff could be hired for the separate development entity,
which would be in addition to the existing economic development staff. However, it
would not be advisable to create an entity which stands entirely disconnected from the
economic development program.
Given the volume of work normally on-going in local economic development
programs, and the amount of work which would be necessary to follow through on this
industrial/business park development effort, it would likely be desirable to add to the staff
of the local economic development program, so that other on-going activities do not fall
by the wayside due to the demands of the development project.
All of the above being said, there is no one way that this type of development
effort might be staffed and managed. This could be worked out in many ways to fit local
circumstances.
There are few legal impediments to how administration could be arranged.
Financing
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The manner in which this development effort might be financed could vary a great
deal, depending upon local needs and preferences. In general, the options on financing
approaches would be different depending upon whether the development party was the
local government, in its own name, or a separate development entity.
If the local government acquired the land and carried out development functions,
some of the ways by which these costs might be covered are:
1. Cash Reserves. Of course, if a local government has sufficient cash
reserves, part or all of the acquisition and development costs can be paid
for from those reserves. These funds could also be utilized if a separate
development entity is used, by way of grants or loans to that entity.
2. N.C.G.S. §160A-20 Installment Financing. N.C.G.S. §160A-20 in
subsection (a) provides local governments with the power to:
“purchase or finance the purchase of real or
personal property by installment contracts
that create in the property purchased or
security interest to secure payment…”
Subsection (b) of this statutory provision provides local governments with the
power to:
“finance the construction or repair of fixtures
or improvements on real property by
contracts that create in the fixtures or
improvements …. a security interest for
repayment….”
With this type of financing there is no deficiency claim against the local
government undertaking the financing and the local government cannot
commit future governing boards to make payments on the loan. These no
deficiency and non-appropriation provision are required by N.C.G.S.
§160A-20(f).
3. General Obligation Bonds. N.C.G.S. §159-48(b) lists various purposes
for which a “county and city is authorized to borrow money and issue its
bonds….” Within this list at subsection (24) is authority to finance and
issue bonds for “(p)roviding industrial parks, land suitable for industrial or
commercial purposes, shell buildings, in order to provide employment
opportunities for citizens of the county or city.” This authority has been
used very little in this State. This firm served as bond counsel for
Richmond County in such a bond matter, which was approved by a very
comfortable margin in the bond referendum. An obvious weakness of this
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approach is that it requires a referendum, which takes a good bit of time,
and injects political uncertainty into the process. Subsection (22) of this
Statute is a catch-all provision allowing a local government to issue general
obligation bonds within its two-third’s bonding authority, without a
referendum. This would allow for issuing bonds for an industrial/business
park in a more expeditious and certain manner. One advantage of using
general obligation bonds is that the bonds can be issued, without the local
government owning the property, since there is not security interest in the
property. This would allow for taking advantage of lower bond interest
rages, while still having the project owned and controlled by a separate
development entity.
4. Tax Increment Financing. With the approval of this type of financing in a
recent referendum, this tool might be of assistance in later stages of the
project, but likely would not be amenable to financing early stages of the
project (e.g., land acquisition, first phase of development). To use tax
increment financing, revenues must be identifiable as a source for
repayments of the financing. In the early stages of the project, with there
likely not being a project identified to locate in the park, no revenues can
be identified to serve the debt. However, if a company were to consider
locating in a yet to be developed phase of the project, tax increment
financing might be a useful finance tool to pay for the costs of development
improvements needed to serve that debt. Some of the uses of tax
increment financing and the process for using this financing are still to be
determined by the Local Government Commission. Therefore, some
uncertainties remain as to this financing tool.
5. Land Banking/Installment Sale. It is very much encouraged that
discussions be held with property owner(s) of any tract under consideration
for the industrial/business park, to explore the possibility of the owner(s)
assisting the start-up of this project by conveying the land, with all or a
large portion of the purchase price being paid in the future. If a property
owner is agreeable to reasonable terms on such an arrangement, the ability
to defer payments on the property to later dates decreases the amount of
up-front cash that has to be injected into the project, and allows available
cash or debt capacity to be focused on development costs, and perhaps the
construction of a shell building. This could be done in one of two ways.
First, the land would be acquired by way of a somewhat traditional
installment purchase. Under this arrangement, the land would be conveyed
by the property owner(s), with the rest or all of the purchase price being
paid in regularly scheduled installments over time. The second way of
doing this involves a type of transaction this law firm has been involved in
implementing in other areas, which is referred to as land banking. Under
this arrangement the land owner(s) would convey the land with little or
none of the purchase price being paid up-front. The owner(s) is paid only
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when land is sold to a recruitment prospect. The portion of the purchase
price at the time of a sale to a prospect would be the same percentage as
the number of acres purchased bears to the total acreage in the
industrial/business park. The price paid would be the value of the land at
the time of the original acquisition of the property, plus a portion of the
increased value of the land attributable to development efforts and
appreciation over time. This arrangement is attractive to some land owners
because they can realize a significant boost in the total compensation
received by sharing in the development gains. The owner(s) interests are
protected by a subordinated deed of trust on the property. This is
extremely attractive for the local government involved in the development
effort because land is not paid for until it is sold. If a land owner is
uncomfortable with either of these arrangements, a person more accepting
of deferred compensation could buy the property from the current owner(s)
and then do either an installment sales or land banking transaction with the
entity developing the industrial/business park.
If a separate entity acquired the land and carried out development functions, some
of the ways by which these costs might be covered are:
1. Cash Appropriations. As indicated above, if a separate entity is utilized as
the development entity, it is almost inevitable that the local government will
continue to be a primary funding source. To the extent that the local
government has excess revenues available and chooses to spend these
funds, appropriations can be made to the separate development entity as
either grants or loans.
2. Bank Financing. This firm has participated in closing loans in the past,
whereby a bank or consortium of banks would lend money to a non-profit
corporation for an economic development project. These loans are secured
by a deed of trust on the land. The payments on this type of debt are
backed by a pledge from one or more local units of government to make
annual appropriations to cover the debt service. Just as is the case for
N.C.G.S. 160A-20 installment finance described above, the local
government backing the loan by annual appropriations, cannot be
compelled in future years to make those appropriations. The documents
contain a very direct non-appropriations clause. However, just as banks
will readily loan money for 160A-20 installment financing, we have worked
with transactions where banks would lend to a non-profit on this basis.
Such loans have in the past been allocated to the bank’s Community
Reinvestment Act portfolio required by federal law. These are attractive
loan deals to assist in meeting a banks’ CRA requirements. In general,
CRA loans can be made based on underwriting criteria that are somewhat
relaxed, and at interest rates better than traditional loan rates. It is strongly
recommended that utilization of this type of loan should be explored.
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3. Land Banking/Installment Sale. These forms of financing land acquisition,
described above, can also be utilized by a separate development entity to
finance land acquisition. All of the points raised above, apply also to a
separate development entity. If the terms of the land banking arrangement
or installment sales contract provide for the deed of trust to be subordinate
to other deeds of trust for development costs, the land can serve as equity
to support bank financing which is discussed above. It is strongly
recommended that this type of financing be explored.
4. Bond Financing. If a statutorily created authority is utilized as a separate
development entity, and if the enabling legislation for the authority
provides for it, the authority could issue bonds to support the acquisition
and development of a site or general obligation bonds issued by a local
government could finance land acquisition and development.
This writer’s opinion as stated above is that the development and marketing of this
project should be handled by a 501(c)(3) or a 501(c)(6) non-profit corporation. There
may be a maringally lower interest rate for the financing a local government might obtain,
as opposed to what a non-profit corporation might obtain. However, there are so many
advantages of managing this project through a non-profit corporation, as opposed to it
being managed by a local government, that it is this writer’s opinion that these advantages
outweigh a slightly better interest rate.
However, if it was the local preference that the land be in the name of the local
government, and that all costs would be financed by the local government, there is a
middle ground. The local government would be the owner and financier of the project,
but enter into a development contract with a non-profit corporation to handle all
development and marketing tasks, and to make decisions on these matters. This
compromises some of the advantages that would be realized by having a non-profit
corporation to handle all of the project. But this is a middle ground.
The above are some ways that financing for this project might be realized. There
could well be other approaches which would work well also. The final decision as to the
financing structure would depend upon a number of factors which are not known at
present to the writer of this paper.
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MULTI-JURISDICTIONAL DEVELOPMENT EFFORT
Legal Authority
As noted above, there is rather clear, explicit statutory authority for a single local
government to engage in the acquisition of land and the development of an
industrial/business park, as a tool for attracting investment and jobs. Also, it seems to be
rather clear that a local government can contract with another entity to undertake this type
of project as an economic development ally of the local government.
On the other hand, prior to a few relatively recent statutory enactments, there was
no explicit statutory authority for multiple local governments to share in the cost of
developing industrial/business property, and to share a pro rata portion of the gain from
such a development effort. However, there are other statutory provisions, which existed
before the relatively recent passage of specific legislation, which give local governments
the authority to engage in said projects. This inherent authority has been supplemented by
three specific statutory amendments in recent years, whereby the legislative intent to allow
two or more local governments to enter into multi-jurisdictional industrial park projects,
has become explicit.
As a beginning point in this analysis, reliance is placed upon the statutory
provisions summarized above in the discussion of legal authority for a single local
government to acquire land an develop an industrial/business park project. That analysis
will not be repeated here, but can be summarized concisely. Statutory authority clearly
exists allowing local governments to acquire land, and develop and market
industrial/business park property. Also, there is statutory authority which makes clear that
a local government can initiate this type of project by a contract with a third party
developer which carries out this development effort. Consequently, the statutory authority
outlined above, applies equally to a multi-jurisdictional development effort.
In the initial multi-jurisdictional industrial/business park projects in which this law
firm was involved, reliance was placed upon existing statutory authority which implicitly
gave two or more local governments the authority and ability to work together on an
industrial/business park project.
N.C.G.S §160A-460 through 160A-464 (“Local Cooperation Act”) provides
explicit authority for two or more local governments to enter into contracts with each
other to jointly undertake a project which would be in pursuit of a public purpose if
carried out by any one of them alone. N.C.G.S. §160A-461 states:
“Any unit of local government in this State and any one or
more other units of local government in this State or any
other state (to the extent permitted by the laws of the other
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state) may enter into contracts or agreements with each
other in order to execute any undertaking. The contracts
and agreements shall be of reasonable duration, as
determined by the participating units, and shall be ratified by
resolution of the governing board of each unit spread upon
its minutes.”
Consequently, inasmuch as the statutory authority mentioned earlier in this paper
makes it clear that it is a proper public purpose for a local government to acquire and
develop land to assist in recruiting new company facilities, under N.C.G.S. §160A-461
two or more local governments can work together on such a project.
However, as a practical matter, two or more local governments would only be
motivated to collaborate on this type of project if each gains new jobs and increased taxes.
These are the motivating forces for economic development overall. Most local
government leaders recognize that jobs, and the citizens who fill them, know no
geographic boundaries, such as a county line. The challenge in such an arrangement is
how to have enforceable commitments for the local government, which is the host of most
or all of the property for the industrial/business park property, to share gains realized from
increased property values resulting form the development project. At the outset of this
law firm’s work on multi-jurisdictional industrial/business park project, there was not
explicit authority that addressed this issue.
However, a general grant of authority for a county to enter into a continuing
contract, thereby binding future governing boards to make appropriations in furtherance of
such contracts, is contained at N.C.G.S §153A-13, which reads as follows:
“A county may enter into continuing contracts, some
portion or all of which are to be performed in ensuing fiscal
years. In order to enter into such a contract, the county
must have sufficient funds appropriated to meet any amount
to be paid under the contract in the fiscal year in which it is
made. In each year, the board of commissioners shall
appropriate sufficient funds to meet the amounts to be paid
during the fiscal year under continuing contracts previously
entered into.”
In essence municipal government have the same authority. The wording is
somewhat different, but the result seems to be the same. N.C.G.S §160A-17 reads as
follows:
“A city is authorized to enter into continuing contracts,
some portion or all of which are to be performed in ensuing
fiscal years. Sufficient funds shall be appropriated to meet
any amount to be paid under the contract in the fiscal year
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in which it is made, and in each ensuing fiscal year, the
council shall appropriate sufficient funds to meet the
amounts to be paid during the fiscal year under continuing
contracts previously entered into.”
Based upon the above statutory authorities, it would seem that a county
government board can enter into a contract which contains future reciprocal on-going
commitments or actions on the part of each party to the agreement. By virtue of these
continuing commitments and actions by each government, in future years of contract
performance, each county government’s board “shall appropriate sufficient funds to meet
the amounts to be paid during the fiscal year under continuing contracts previously entered
into.” (N.C.G.S. §160-17, which applies to municipalities, reads “(s)ufficient funds shall
be appropriated to meet any amount to be paid under the contract in the fiscal year in
which it is made, and in each ensuing fiscal year …”) These provisions would seem to
implicitly obligate future local government boards to appropriate funds to make
contractual payments which approximate a sharing of increased taxes gained from the joint
development effort.
Fortunately since this law firm’s first involvement in this type of project, new
statutory provisions have been enacted which give rather clear, explicit authority for local
governments to enter into joint efforts to develop industrial/business park properties. In
addition, one of these recent enactments clarifies that such multi-jurisdictional
industrial/business park projects can be entered into for a period of up to forty years,
which was later amended to allow for contract terms up to ninety-nine years. This period
of time allows sufficient time for each local government, which is not host to most or all of
the industrial park, to realize enough benefit to justify investing in a development within
another local government’s jurisdiction. These new provisions arose out of a work group
in which this writer participated.
In 2003 N.C.G.S. §160A-466 was enacted, which amended the Local Cooperation
Act, referred to above. It states that:
“When two or more units of local government are engaged
in a joint undertaking, they may enter into agreements
regarding financing, expenditures, and revenues related to
the joint undertaking. Funds collected by any participating
unit of government may be transferred to and expended by
any other unit of government in a manner consistent with
the agreement. An agreement regarding expenses and
revenues may be of reasonable duration not to exceed 99
years.”
This seems to clarify that on-going financial commitments necessary for a multi-
jurisdictional industrial park project can be agreed to.
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The other statutory amendment contained in the same legislative bill is even more
explicit. A new statutory section, N.C.G.S. §158-7.4, reads as follows:
“(a) Any two or more units of local government may enter
into contracts or agreements to execute undertakings
pursuant to Part 1 of Article 20 of Chapter 160A of the
General Statues, under which each participating local
government agrees to provide resources for the
development of an industrial or commercial park or
industrial or commercial site pursuant to G.S. 158-7.1. In
consideration for that participation, the unit or units in
which the park or site is located may agree to place the
proceeds from some or all property taxes levied on the park
or site into a common fund or transfer those proceeds to a
nonprofit corporation or other entity. The proceeds placed
into the common fund or transferred to the other entity may
then be distributed among the participating local
governments as provided in the contract or agreement.
(b) Any undertaking entered into pursuant to this
section may be for that period that is agreed to by the
participating local governments, up to a maximum of 40
years.
(c) Any undertaking entered into pursuant to this
section is binding upon each participating local government
for the duration of the contract or agreement. Any
participating local government may bring an action to
specifically enforce the contract or agreement.”
This statutory amendment makes it abundantly clear that two or more local
governments can:
1. Enter into a contract to jointly “provide resources for the development of
an industrial or commercial park…”
2. Agree to place the “proceeds from some or all property taxes levied on the
park or site into a common fund or to a nonprofit corporation or other
entity.”
3. Agree to a term of such an agreement “up to a maximum of 40 years.”
4. “(B)ring an action to specifically enforce” such an agreement.
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These two new statutory enactments lend significantly explicit legislative support
for a multi-jurisdictional industrial/business park project.
Some states have a much more detailed statute which makes entering into this type
of project in those states rather formulaic. This State does not have such a provision.
However, in the opinion of this law firm, the statutory authority which exists in this State
is sufficient to enable a multi-jurisdictional industrial/business park agreement and to make
those agreements enforceable. Consultations with elements of the Institute of
Government and the Local Government Commission seem to bear out this interpretation,
subject of course to the specific terms of each transaction.
Two other statutory provisions indicate legislative approval of this type of
transaction.
One item of legislation was drafted in view of one specific project, the Burke-
McDowell project. The requirements set forth in this legislation should be amended to
give this term broader application. This provision now codified as N.C.G.S. §143B-
437.08(g) reads as follows:
“Exception for Two-County Industrial Park. For the
purpose of this Article, an eligible two-county industrial
park has the lower enterprise tier designation of the
designations of the two counties in which it is located if it
meets all of the following conditions:
(1) It is located in two contiguous counties, one of which
has a lower enterprise tier designation than the other.
(2) At least one-third of the park is located in the county
with the lower tier designation.
(3) It is owned by the two counties or a joint agency of the
counties.
(4) The county with the lower tier designation contributed
at least the lesser of one-half of the cost of developing
the park or a proportion of the cost of developing the
park equal to the proportion of land in the park located
in the county with the lower tier designation.
One other provision allowing for sharing of the most favorable incentive tier
ranking among counties involved in a multi-jurisdictional industrial park project has been
enacted for the Kerr-Tar four county hub project north of Raleigh. It is at N.C.G.S.
§143B-437.08(h) and reads as follows:
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“Exception for Certain Multi-jurisdictional Industrial Parks.
An eligible industrial park created by interlocal agreement
under G.S. 158-7.4 has the lowest development tier
designation of the designations of the counties in which it is
located if all of the following conditions are satisfied:
(1) The industrial park is located, at one or more sites, in
three or more contiguous counties.
(2) At least one of the counties in which the industrial park
is located is a development tier one area.
(3) The industrial park is owned by three or more units of
local government or a nonprofit corporation owned or
controlled by three or more units of local government.
(4) In each county in which the industrial park is located,
the park has at least 250 developable acres. For the
purposes of this subdivision, "developable acres"
includes acreage that is owned directly by the industrial
park or its owners or that is the subject of a
development agreement between the industrial park or
its owners and a third-party owner.
(5) The total population of all of the counties in which the
industrial park is located is less than 200,000.
(6) In each county in which the industrial park is located, at
least sixteen and eight-tenths percent (16.8%) of the
population was Medicaid eligible for the 2003-2004
fiscal year based on 2003 population estimates.
(2006-252, s. 1.2.)
Simply put, these provisions give the tier treatment to the property being jointly
developed, which is the same as the most favorable tier treatment enjoyed by a county
involved in this type of project. These provisions also inherently indicate a legislative
intent to allow for such transactions.
Based upon the above, this law firm is of the opinion that sufficient statutory
authority exists for multi-jurisdictional industrial park arrangements among two or more
local governments, and to make such agreements enforceable upon future local
government boards.
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Development Entity
This law firm has been involved in one multi-jurisdictional industrial/business park
development effort wherein there is no central development entity, separate from the local
governments. The host local government will acquire the property and undertake
development efforts, supported by the resources from the two other local governments.
An interlocal cooperation agreement among the local governments contains the parties’
commitments, as to the sharing and division of the proceeds.
However, for all of the reasons stated above, it is this writer’s belief that having a
separate central development entity works best in general. This is also even more the case
in a multi-jurisdictional development effort. Having authority focused in one central
development entity reduces the matters that may have to be taken on an on-going basis to
several local government boards. Consequently, it is recommended that a central, separate
development entity enter into the contract with all of the cooperating local governments to
carry out the project.
All of the discussion above regarding the types of separate development entities
applies equally to a multi-jurisdictional development effort. However, it would appear
that one statutory provision comes into play in considering what type of central, separate
entity should be utilized as a development entity. N.C.G.S. §160A-462, a portion of the
Local Cooperation Act, reads as follows:
“(a) Units agreeing to an undertaking may establish a joint
agency charged with any or all of the responsibility for the
undertaking. The units may confer on the joint agency any
power, duty, right, or function needed for the execution of
the undertaking, except that legal title to all real property
necessary to the undertaking shall be held by the
participating units individually, or jointly as tenants in
common, in such manner an proportion as they may
determine.
(b) The participating units may appropriate funds to the
joint agency on the basis of an annual budget recommended
by the agency and submitted to the governing board of each
unit for approval.”
Consequently, it would appear that some other type of joint agency could be used
as the development entity in this type of arrangement, in addition to the types of central
development entities described in this first part of this paper.
However, it continues to be the opinion of this writer and is recommended that a
501(c)(3) or a 501(c)(6) non-profit corporation be utilized as a development entity, the
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choice of which are being dependent upon whether there is an intention to raise funds
from the private sector.
Government/Development Entity Interrelationships
The discussion in the first part of this paper, which dealt with a development effort
by a separate development entity in cooperation with one local government applies in
general here, with obvious changes for the circumstances. For example, there would be
more than two parties to such an agreement. Adjustments would be necessary by virtue of
the fact that several local governments would enter into the arrangement, with a separate
central development entity. However, in general the above discussion applies equally
here.
Administration and Management
The discussion above in the first part of this paper regarding administration and
management of this type of development project would generally apply to a multi-
jurisdictional development effort.
The situation becomes somewhat more complicated in a project where several
local governments are involved. There is no one best answer to this, and the approach
would likely be tailored to the local needs.
However, it is recommended that the primary administrative and management
responsibilities should fall to the economic developer in the host county. It might also be
desirable to have the governing board of the central development entity name a
management committee which would oversee development activities. This committee
would have one or more persons from each local government as members. These
representatives might include some combination of the economic developer and senior
management from each local government. The management committee could make
certain decisions based on delegation of authority from the Board of Directors, or the
committee could recommend actions to be taken by the Board.
Ultimately, this matter would have to be worked out on a project by project basis.
Financing
The discussion above in the first portion of this paper regarding financing options
for this type of project would in general apply equally here, with obvious changes to
comport with a multi-jurisdictional effort. For example, if a central development entity
was to seek bank financing, it is highly likely that the pledge to make future appropriations
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to cover debt service, would have to come from each participating local government, and
not just the host local government.
In regard to a multi-jurisdictional development effort, it is also recommended that
the focus be on bank financing obtained by the central development entity, and a land
banking/installment sales arrangement with land owners, when possible.
CONCLUSION
It is trusted that this summary offers a complete overview of options for the
development of an industrial/business park, and recommendations of how to proceed in
this regard. To the extent that any expansion or clarification of the above is needed, this
will be provided.
As to next steps, it is recommended that first a determination should be made as to
whether this development effort should be carried out by one or more than one local
governments. Other local governments are either in or out of this project.
Once this is determined, a detailed briefing session should be held with senior
representatives of the local government(s) to be involved in the project. This meeting
would lead to a structuring memorandum being agreed upon as to most of the details of
the structure of this arrangement.
When a structuring memorandum is agreed upon, definitive documents can be
prepared. This would include documents to create to separate development entities and
the interlocal agreement to bind the parties together. Along the way in this process,
discussions would be underway to reach agreement with the property owner(s) involved in
the project and possible financing sources.
The matter would then be worked through various drafts of the definitive
documents and financing documents, until final versions of each document are agreed to.
Undertaking the development of a industrial/business park is a major project.
However, it has been done successfully by many areas of the State. It must be undertaken
and carried to fruition if a locality without a sufficient inventory of privately developed
property is to be effective in attracting recruitment projects. One cannot “sell out of an
empty wagon”.
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AGENDA ABSTRACT
Meeting Date: September 17, 2012
Agenda Title: Voice Interoperability Plan for Emergency Responders (VIPER) Lease
Agreement
Summary of Information:
The State of North Carolina and Person County Government are considering lease agreements that
would allow the State to construct a 280’ self-supported communications tower on property owned
by Person County Government located on Critcher Wilkerson Road (behind Roxboro Christian
Academy). If the terms of the lease are agreed upon, the communications tower would provide
application for all person county emergency services agencies to operate on a state-maintained 800
MHz radio system. Currently, these emergency response agencies have very limited capability with
operating in this system—a system that is being utilized by neighboring counties and by state
agencies such as NC Highway Patrol, NC Division of Emergency Management, etc. Furthermore, if
lease terms are agreed upon the State would allow Person County Government restricted use of the
communications tower for other applications besides those associated with the VIPER network.
Highlights from the lease agreements include:
25-year initial term lease (for $1.00) (September 1, 2012-August 31, 2037) with a
30-day right to terminate clause
Automatic 25-year renewal of initial term lease (unless the State of North Carolina
elects not to renew and provides a 60-day written notice)
Ground lease agreement allows for 0.05 acres or approximately 2,262 sq. ft. of space
to be utilized at the Critcher Wilkerson location to be used for a communications
tower, equipment building, concrete generator pad, and secured fencing (for the
primary purposes of providing VIPER communications capability)
Per the agreement, the State requires a proposed 12’ gravel drive for access and
utility easement
The State will self-insure and maintain its tower, equipment, utility charges, repair of
damages (except those caused by negligent or wrongful acts or omissions of Person
County Government or its contractors and agents) and any other related
communications equipment and property of the State
Recommended Action: Review the proposed Lease Agreement and accept if appropriate.
Authorize the County Manager to execute the Agreement.
Submitted By: Wes Lail, Emergency Services Director and Heidi York, County Manager
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AGENDA ABSTRACT
Meeting Date: 09/17/2012
Agenda Title: Person County Non-Smoking Ordinance
Summary of Information: On February 27, 2012, the Person County Board of Health
recommended the prohibition of tobacco products on all County grounds. On March 7,
2012, the Person County Recreation Advisory Board voted in support of the prohibition of
smoking on County grounds. A work group was formed and the members are Ron Aycock,
County Attorney, Janet Clayton, Health Director, John Hill, Director of Recreation, Arts, and
Parks, and Angie Warren, Director of Human Resources. The work group developed the
proposed non-smoking ordinance and requests the County Commissioners to consider the
adoption of this ordinance.
Recommended Action: To begin discussions regarding the proposed non-smoking
ordinance and to schedule a public hearing for community input.
Submitted By: Janet Clayton, Health Director
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PERSON COUNTY NON‐SMOKING ORDINANCE
ORDINANCE BANNING SMOKING IN COUNTY FACILITIES AND
ON COUNTY PROPERTY
WHEREAS, on February 25, 2008, the Person County Board of Health adopted a rule
pursuant to then existing state law banning smoking in certain locations on
County and City of Roxboro Property in Person County;
WHEREAS, on May 19, 2009, the State of North Carolina passed "An Act To Prohibit Smoking
In Certain Public Places And Certain Places Of Employment" amending Chapter
130A of the General Statutes and thereby authorizing local governments to
adopt and enforce ordinances "that are more restrictive than State law and that
apply in local government buildings, on local government grounds, in local
vehicles, or in public places;"
WHEREAS, within said legislation the General Assembly finds "that secondhand smoke has
been proven to cause cancer, heart disease, and asthma attacks in both smokers
and nonsmokers. In 2006, a report issued by the United States Surgeon General
stated that the scientific evidence indicates that there is no risk‐free level of
exposure to secondhand smoke;"
WHEREAS, the Person County Board of Health has reviewed this legislation and at its
meeting on February 27, 2012 took action requesting that the Person County
Board of Commissioners enact an ordinance further regulating tobacco use in
the County;
WHEREAS, the Person County Recreation Advisory Board has considered the effect of second
hand smoke on participants and spectators at recreation programs and facilities
and took action at its board meeting on March 7, 2012 requesting that the
Person County Board of County Commissioners ban smoking at Recreation
events and on certain Recreation and Park Lands.
WHEREAS, smoking is prohibited in certain county buildings and on certain other county
property pursuant to Health Department Rules and other County Regulations.
WHEREAS, Person County recognizes the health risks of tobacco use and secondhand smoke
for non‐smokers and wishes to minimize the harmful effects of tobacco use
among staff and eliminate secondhand smoke exposure for staff and the public
in those facilities and grounds controlled by Person County. Further Person
County is committed to providing a safe and healthy workplace in County
facilities for its employees and the visiting public;
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WHEREAS, this Board is of the opinion that it is in the best interests of the citizens and
residents of the County to further prohibiting smoking in certain County
buildings and on certain County grounds.
NOW, THEREFORE, BE IT ORDAINED by the Board of Commissioners for the County of Person as
follows:
Section 1 ‐ Authority and definitions
(a) Authority. This section is enacted pursuant to authority granted in legislation titled "An
Act To Prohibit Smoking In Certain Public Places And Certain Places Of
Employment" and pursuant to authority contained in GS 130A‐498 and the
provisions of G.S. 153A‐121 as an exercise of the police power to protect,
promote and preserve the public health, welfare and safety of individuals in
Person County buildings, on Person County grounds, or in County vehicles.
(b) Definitions. The following definitions apply:
(1) "Grounds" ‐ An unenclosed area owned, leased, or occupied by Person County.
(2) "Person County government building" ‐ A building owned, leased as lessor, or the
area leased as lessee and occupied by Person County.
(3) "Person County vehicle" ‐ A passenger‐carrying vehicle owned, leased, or
otherwise controlled by Person County and assigned permanently or temporarily
by Person County to Person County employees, agencies, institutions, or facilities
for official Person County business.
(4) "Smoking or smoke" ‐ The use or possession of a lighted cigarette, lighted cigar,
lighted pipe, or any other lighted tobacco product.
Section 2 ‐ Prohibitions, Notices, Exceptions and Enforcement
(a) Smoking prohibited. No person shall smoke, carry or possess a lighted cigar, cigarette, pipe
or other lighted smoking equipment or paraphernalia in any Person County
buildings, on Person County grounds, or in Person County vehicles.
(b) No smoking signs and instructions. The individual or the individual's designee who is in
charge of Person County buildings, Person County grounds, or Person County
vehicles shall post signs in conspicuous areas of the building, vehicles and/or
grounds. The signs shall state that "smoking is prohibited" and may include the
international "No Smoking" symbol, which consists of a pictorial representation
of a burning cigarette enclosed in a red circle with a red bar across it. In
addition, the individual or the individual’s designee in charge of the building,
vehicle and/or grounds shall direct a person who is smoking inside the building,
or on the grounds, or in a vehicle, to extinguish the lighted smoking product.
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(c) Exceptions. This ordinance does not restrict or prohibit smoking in the following places:
(a) The County Court House and the Grounds around it
(b) Recreation Camp Sites
(c) Bushy Fork Grange Building
(d) Piedmont Community College buildings and grounds
(e) County parking lots
(d) Penalty for violation of section. Any person violating the provisions of this section shall be
guilty of an infraction, and the person committing the infraction may be
punished by a fine of not more than fifty dollars ($50.00). Conviction of an
infraction under this section has no consequence other than payment of a
penalty. A person smoking in violation of this local ordinance may not be
assessed court costs.
That this ordinance shall be effective upon adoption by the Board of Commissioners.
Adopted, this, the ____ day of ________________, 2012
PERSON COUNTY
BOARD OF COMMISSIONERS
____________________________________
Jimmy Clayton, Chairman
Attest:
____________________________________
Brenda B. Reaves, Clerk to the Person
County Board of County Commissioners
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AGENDA ABSTRACT
Meeting date:
September 17, 2012
Agenda Title:
Resolution Approving an Installment Financing Contract and Other Documents - Re-
Roofing for Southern Middle School and a portion of Person High School
Summary of Information:
Finance Director requests action on:
“RESOLUTION APPROVING AN INSTALLMENT FINANCING CONTRACT AND
OTHER DOCUMENTS AND PROVIDING FOR CERTAIN MATTERS IN
CONNECTION WITH THE FINANCING OF A PORTION OF THE COST OF VARIOUS
CAPITAL IMPROVEMENTS.”
This Resolution is set forth by sections in the following:
Preamble
The final approval of documents associated with the plan to finance the Project
using Qualified School Construction Bonds (QSCBs) and with the conveyance
of Southern Middle School to the County as collateral.
1. States that the County and Board of Education have agreed to finance a portion
of the cost for this Project for which each has found it necessary and desirable
to provide improved educational facilities for the citizens of Person County.
2. To finance a portion of the cost to re-roof Southern Middle School and a
portion of Person High School for $3,132,537.50 as a taxable direct payment
under the restrictions of the QSCBs.
3. Sets forth the requirement that the Board of Commissioners approve and
receive copies of the installment financing contract and associated documents
related to this financing to be finalized.
4. Lists the financing documents that were included in your packets for review,
including (a) the Installment Financing Contract between the County and
BB&T, the lending institution, that sets up the arrangement for the
advancement of funds to the County to be repaid in installments until the debt
is paid; (b) the Deed of Trust which allows for the ownership of Southern
Middle School as security for the County's obligation to repay the Loan
Amount; (c) an Administrative Agreement between the County and the Board
of Education which authorizes the conveyance of Southern Middle School and
the improvements described; and (d) the Lease between the County and Board
of Education to lease Southern Middle School to the Schools and the
improvements for the duration of the loan as part of the plan to finance the
costs.
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5. That the Board finds and determines that it is in the best interest of the County
to enter into these financing agreements in order to proceed with the financing
of the cost of the Project.
6. Designates and authorizes certain County officials to represent the County in
the execution and delivery of final financing documents to the appropriate
parties with any changes that are deemed necessary and appropriate, and that
the final Installment Payment take place no later than December 31, 2027 and
does not exceed $3,132,537.50.
7. The resolution is effective upon its passage by the Board
Recommended Action:
To approve the resolution as presented.
Submitted By:
Amy Wehrenberg, Finance Director
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A regular meeting of the Board of Commissioners for the County of Person, North
Carolina, was held in the Commissioners’ Meeting Room in the Person County Office Building,
in Roxboro, North Carolina, on September 17, 2012, at 9:00 A.M.
Present: Chairman Jimmy B. Clayton, presiding, and Commissioners Kyle W. Puryear,
B. Ray Jeffers, Frances P. Blalock and Samuel R. Kennington.
Absent: None.
* * * * *
Chairman Jimmy B. Clayton introduced the following resolution, a copy of which had
been provided to each Commissioner and which was read by its title:
RESOLUTION APPROVING AN INSTALLMENT FINANCING CONTRACT,
A DEED OF TRUST AND OTHER DOCUMENTS AND APPROVING AND
AUTHORIZING CERTAIN ACTIONS IN CONNECTION WITH FINANCING
A PORTION OF THE COST OF CERTAIN IMPROVEMENTS TO SCHOOL
FACILITIES.
WHEREAS, the County of Person, North Carolina (the “County”), is a validly existing
political subdivision of the State of North Carolina (the “State”), under and by virtue of the
Constitution and laws of the State; and
WHEREAS, the County has the power, pursuant to Section 160A-20 of the General
Statutes of North Carolina, as amended, to (a) finance the purchase of real and personal property
by installment agreements that create in the property purchased a security interest to secure
payment of the purchase price to the entity advancing moneys for such transaction and
(b) finance the construction of fixtures or improvements on real property by agreements that
create in such fixtures or improvements and in the real property on which such fixtures or
improvements are located a security interest to secure repayment of moneys advanced or made
available for such construction; and
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WHEREAS, the County and The Person County Board of Education, a body corporate
which has general control and supervision of all matters pertaining to the public schools in the
Person County Schools, its respective school administrative unit (the “Board of Education”),
have determined to cooperate in a plan to finance a portion of the cost of a project which each
has found to be necessary and desirable to provide for improved public school facilities and
improved public education in such school administrative unit; and
WHEREAS, such project consists of the repair or replacement of roofs at Southern
Middle School and Person High School (the “Project”); and
WHEREAS, the Board of Commissioners for the County (the “Board”) has determined to
proceed with the financing pursuant to said Section 160A-20 of a portion of the cost of the
Project in an amount not to exceed $3,132,537.50 (the “Amount Advanced”), and it is necessary
to approve an installment financing contract, a deed of trust and other documents and approve
and authorize certain actions in connection therewith; and
WHEREAS, pursuant to Section 54F of the Internal Revenue Code of 1986, as amended
(the “Code”), the County has received an allocation of qualified school construction bond
authority in an amount of not less than $3,132,537.50 and desires that its obligation to repay the
Amount Advanced under the Installment Financing Contract (as hereinafter defined) constitute a
taxable direct payment qualified school construction bond pursuant to Section 54F of the Code;
and
WHEREAS, there have been presented for consideration by the Board copies of the
following documents relating to such matter:
(a) a draft of an Installment Financing Contract, between the County and Branch
Banking and Trust Company (the “Installment Financing Contract”), under which Branch
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Banking and Trust Company (the “Bank”) would advance the Amount Advanced to finance a
portion of the cost of the Project and the County would be obligated to make Installment
Payments (as defined therein) to repay the Amount Advanced and to make certain other
payments, among other requirements, such obligations being subject to termination by the
County under certain circumstances as provided therein;
(b) a draft of a Deed of Trust and Security Agreement (the “Deed of Trust”) which
the County would execute and deliver to a trustee for the benefit of the Bank and which would
encumber the site of Southern Middle School and the improvements on such site and certain
related property, subject to certain exceptions, as security for the County’s obligation to repay
the Amount Advanced and any other funds advanced to it pursuant to the Installment Financing
Contract;
(c) a draft of an Agreement Concerning School Roof Improvements (the
“Administrative Agreement”) between the Board of Education and the County, under which the
Board of Education would convey to the County the site of Southern Middle School and the
improvements thereon by a General Warranty Deed and undertake certain responsibilities with
respect to the Project as described therein; and
(d) a draft of a Lease (the “Lease”) between the County, as lessor, and the Board of
Education, as lessee, which provides for the lease by the County to the Board of Education of the
site of Southern Middle School and the improvements thereon as a part of such plan to finance a
portion of the cost of the Project;
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NOW, THEREFORE, BE IT RESOLVED by the Board as follows:
Section 1. The Board hereby confirms that the Project and its use are essential for
improved public education in the County and the Project will permit the County to carry out
public functions that it is authorized by law to perform.
Section 2. The Board hereby finds and determines that it is in the best interest of the
County to enter into the Installment Financing Contract, the Deed of Trust, the Administrative
Agreement and the Lease in order to effectuate the financing of a portion of the cost of the
Project as described above.
Section 3. The form and content of the Installment Financing Contract, the Deed of
Trust, the Administrative Agreement and the Lease, each of which will be a valid, legal and
binding obligation of the County in accordance with its terms, are hereby approved in all respects
and the Chairman of the Board, the County Manager of the County, the Finance Director of the
County, the County Attorney of the County and the Clerk to the Board are hereby authorized and
directed to execute and deliver the Installment Financing Contract, the Deed of Trust, the
Administrative Agreement and the Lease, as may be applicable, in substantially the forms
presented to the Board, together with such additions, changes, modifications and deletions as
they, with the advice of counsel, may deem necessary and appropriate, and such execution and
delivery shall be conclusive evidence of the approval and authorization thereof by the Board and
the County; provided, however, that the due date of the final Installment Payment is not later
than December 31, 2027 and that the Amount Advanced does not exceed $3,132,537.50.
Section 4. The Board hereby approves, ratifies and confirms the actions of the
County Manager, the Finance Director and the County Attorney of the County in connection
with this matter.
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Section 5. The officers and employees of the County are authorized and directed
(without limitation except as may be expressly set forth herein) to take such other actions and to
execute and deliver such other documents, certificates, undertakings, agreements or other
instruments as they, with the advice of counsel, may deem necessary or appropriate to effectuate
the transactions contemplated by the Installment Financing Contract, the Deed of Trust, the
Administrative Agreement and the Lease.
Section 6. The County hereby designates its obligation to repay the Amount
Advanced under the Installment Financing Contract a qualified school construction bond for the
purposes of Section 54F(a)(3) of the Code and hereby makes an irrevocable election on its books
and records that Section 6431(f) of the Code will apply to such obligation to repay the Amount
Advanced.
Section 7. If any section, phrase or provision of this resolution is for any reason
declared to be invalid, such declaration shall not affect the validity of the remainder of the
sections, phrases or provisions of this resolution.
Section 8. All motions, orders, resolutions, ordinances and parts thereof in conflict
herewith are hereby repealed.
Section 9. This resolution shall take effect immediately upon its passage.
Upon motion duly made and seconded, the foregoing resolution was passed by the
following vote:
Ayes: Commissioners ____________________________________________________
_____________________________________________________________________________.
Noes: _________________________________________________________________.
* * * * *
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I, Brenda B. Reaves, Clerk to the Board of Commissioners for the County of Person,
North Carolina, DO HEREBY CERTIFY that the foregoing is a true copy of so much of the
proceedings of said Board at a regular meeting held on September 17, 2012 as relates in any way
to the matters described therein.
I HEREBY FURTHER CERTIFY that a schedule of regular meetings of said Board,
stating that regular meetings of said Board are held in the Commissioners’ Meeting Room in the
Person County Office Building, in Roxboro, North Carolina, on the first and third Mondays of
each month at 7:00 P.M. and 9:00 A.M., respectively, has been on file in my office as of a date
not less than seven days before the date of said meeting in accordance with G.S. §143-318.12.
WITNESS my hand and the corporate seal of said County, this 17th day of September,
2012.
_______________________________________
Brenda B. Reaves
Clerk to the Board of Commissioners
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INSTALLMENT FINANCING CONTRACT
BETWEEN
BRANCH BANKING AND TRUST COMPANY
AND
COUNTY OF PERSON, NORTH CAROLINA
DATED SEPTEMBER 20, 2012
INSTALLMENT FINANCING CONTRACT
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INSTALLMENT FINANCING CONTRACT
TABLE OF CONTENTS
Page
ARTICLE I
DEFINITIONS
Section 1.1 Definitions........................................................................................................2
ARTICLE II
AMOUNT ADVANCED
Section 2.1 Advance of Amount Advanced........................................................................6
ARTICLE III
INSTALLMENT PAYMENTS; ADDITIONAL PAYMENTS
Section 3.1 Amounts and Times of Installment Payments and Additional Payments........7
Section 3.2 Late Payments..................................................................................................7
Section 3.3 Place of Payments............................................................................................7
Section 3.4 No Abatement..................................................................................................7
Section 3.5 Prepayment of Amount Advanced...................................................................7
ARTICLE IV
PROJECT FUND
Section 4.1 Project Fund.....................................................................................................8
Section 4.2 Deposit or Investment......................................................................................8
Section 4.3 Disbursement...................................................................................................9
Section 4.4 Termination....................................................................................................10
Section 4.5 Reliance of Bank on Documents....................................................................10
Section 4.6 Indemnification of Bank................................................................................10
Section 4.7 Fees................................................................................................................10
ARTICLE V
ACQUISITION, CONSTRUCTION AND INSTALLATION OF THE PROJECT
Section 5.1 Acquisition, Construction and Installation of the Project..............................10
Section 5.2 Right of Entry and Inspection........................................................................11
Section 5.3 Completion of the Project..............................................................................11
Section 5.4 Payment and Performance Bonds..................................................................12
Section 5.5 Contractor’s General Public Liability and Property Damage Insurance .......12
Section 5.6 Contractor’s Builder’s Risk Insurance...........................................................13
Section 5.7 Contractor’s Worker’s Compensation Insurance...........................................13
Section 5.8 Filing With the Bank......................................................................................13
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TABLE OF CONTENTS
(continued)
Page
ARTICLE VI
RESPONSIBILITIES OF THE COUNTY
Section 6.1 Care and Use..................................................................................................13
Section 6.2 Inspection.......................................................................................................15
Section 6.3 Utilities...........................................................................................................15
Section 6.4 Taxes.............................................................................................................. 15
Section 6.5 Title Insurance ...............................................................................................15
Section 6.6 Insurance........................................................................................................15
Section 6.7 Rating and Insurance......................................................................................17
Section 6.8 Risk of Loss...................................................................................................17
Section 6.9 Performance by the Bank of the County’s Responsibilities..........................17
Section 6.10 Financial Statements......................................................................................17
Section 6.11 Leasing by County or Board of Education ....................................................17
ARTICLE VII
TITLE; LIENS; PERSONAL PROPERTY
Section 7.1 Title................................................................................................................18
Section 7.2 Liens...............................................................................................................18
Section 7.3 Personal Property...........................................................................................18
ARTICLE VIII
DAMAGE, DESTRUCTION AND CONDEMNATION; USE OF NET PROCEEDS
Section 8.1 Damage, Destruction or Condemnation.........................................................19
Section 8.2 Use of Net Proceeds to Repair or Replace the Mortgaged Property..............19
Section 8.3 Discharge of Obligation to Repair or Replace the Mortgaged Property........19
Section 8.4 Cooperation of Bank......................................................................................20
ARTICLE IX
REPRESENTATIONS OF THE COUNTY AND BANK
Section 9.1 Representations, Covenants and Warranties of the County...........................20
Section 9.2 Representations, Covenants and Warranties of the Bank..............................22
ARTICLE X
[RESERVED]
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TABLE OF CONTENTS
(continued)
Page
ARTICLE XI
INDEMNIFICATION
Section 11.1 Indemnification..............................................................................................22
ARTICLE XII
DISCLAIMER OF WARRANTIES
Section 12.1 No Representations by the Bank....................................................................23
Section 12.2 Disclaimer by the Bank..................................................................................23
ARTICLE XIII
DEFAULT AND REMEDIES
Section 13.1 Definition of Event of Default.......................................................................23
Section 13.2 Remedies on Default......................................................................................24
Section 13.3 Further Remedies...........................................................................................25
Section 13.4 Right of Board of Education..........................................................................25
ARTICLE XIV
ASSIGNMENT
Section 14.1 Assignment by the County.............................................................................25
Section 14.2 Assignment by the Bank................................................................................25
ARTICLE XV
LIMITED OBLIGATION OF THE COUNTY
Section 15.1 Limited Obligation of the County..................................................................26
ARTICLE XVI
MISCELLANEOUS
Section 16.1 Waiver............................................................................................................27
Section 16.2 Severability....................................................................................................27
Section 16.3 Governing Law..............................................................................................27
Section 16.4 Notices...........................................................................................................27
Section 16.5 Section Headings ...........................................................................................28
Section 16.6 Entire Contract...............................................................................................28
Section 16.7 Binding Effect................................................................................................28
Section 16.8 Time...............................................................................................................28
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Section 16.9 If Payment or Performance Date Not a Business Day...................................28
Section 16.10 Covenants of County not Covenants of Officials Individually......................28
Section 16.11 Execution in Counterparts..............................................................................28
Section 16.12 Proposal Letter...............................................................................................28
Payment Schedule..........................................................................................................................31
Exhibit A - Description of the Project...............................................................................A-1
Exhibit B - Description of the Real Property.....................................................................B-1
Exhibit C - Project Fund Requisition.................................................................................C-1
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This instrument has been pre-audited
in the manner required by
The Local Government Budget and
Fiscal Control Act.
____________________________
Amy Wehrenberg
Finance Director
INSTALLMENT FINANCING CONTRACT
This INSTALLMENT FINANCING CONTRACT, dated September 20, 2012 (this
“Contract”), is between BRANCH BANKING AND TRUST COMPANY a North Carolina
state-chartered bank (the “Bank”), and the COUNTY OF PERSON, NORTH CAROLINA, a
body corporate and politic and a political subdivision of the State of North Carolina (the
“County”), under the Constitution and laws of the State of North Carolina (the “State”).
PREAMBLE
WHEREAS, the County has the power, pursuant to Section 160A-20 of the General
Statutes of North Carolina, as amended, to (i) finance the purchase of real and personal property
by installment contracts that create in the property purchased a security interest to secure
payment of the purchase price to the entity advancing moneys for such transaction and
(ii) finance the construction of fixtures or improvements on real property by contracts that create
in such fixtures or improvements and in the real property on which such fixtures or
improvements are located a security interest to secure repayment of moneys advanced or made
available for such construction;
WHEREAS, the County and The Person County Board of Education, a body corporate
which has general control and supervision of all matters pertaining to the public schools in the
Person County Schools, its respective school administrative unit, (the “Board of Education”),
have determined to cooperate in a plan to finance a portion of the cost of a project which each
has found to be necessary and desirable to provide for improved public school facilities and
improved public education in such school administrative unit;
WHEREAS, such project consists of the repair or replacement of roofs at Southern
Middle School and Person High School, as more particularly described in Exhibit A hereto (the
“Project”);
WHEREAS, as a part of such plan, the County and the Board of Education have entered
into an Administrative Agreement (as hereinafter defined) and a Lease (as hereinafter defined)
pursuant to which the Board of Education has conveyed to the County and the County has leased
to the Board of Education the site of Southern Middle School together with the improvements
thereon;
WHEREAS, in order to finance a portion of the cost of the Project the Board of
Commissioners for the County (the “Board of Commissioners”) has determined that it is in the
best interests of the County to enter into this Contract with the Bank under which the Bank will
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advance funds for such purpose and the County will make Installment Payments and Additional
Payments (as each such term is hereinafter defined) in consideration thereof;
WHEREAS, the Bank desires to advance funds pursuant to this Contract to enable the
County to finance a portion of the cost of the Project;
WHEREAS, the obligation of the County to make Installment Payments and Additional
Payments under this Contract shall constitute a limited obligation of the County, payable solely
from then currently budgeted appropriations of the County, and shall not constitute a direct or
indirect pledge of the faith and credit or taxing power of the County within the meaning of the
Constitution of the State;
WHEREAS, in order to secure the obligations of the County under this Contract, the
County has entered into a Deed of Trust (as hereinafter defined) with the deed of trust trustee
named therein for the benefit of the Bank creating a lien on all of the right, title and interest of
the County in and to the Mortgaged Property (as hereinafter defined);
WHEREAS, no deficiency judgment may be rendered against the County in any action
for breach of a contractual obligation under this Contract, and the taxing power of the County is
not and may not be pledged in any way directly, indirectly or contingently to secure any moneys
due under this Contract;
WHEREAS, pursuant to Section 54F of the Code (as hereinafter defined), the County
has received an allocation of qualified school construction bond authority in an amount of not
less than $3,132,537.50 and desires that its obligation to repay the Amount Advanced (as
hereinafter defined) constitutes a Qualified School Construction Bond (as hereinafter defined);
WHEREAS, the execution, delivery and performance of this Contract have been
authorized, approved and directed by the Board of Commissioners by a resolution passed by the
Board of Commissioners on September 17, 2012; and
WHEREAS, the execution, delivery and performance of this Contract by the Bank have
been authorized, approved and directed by all necessary and appropriate action of the Bank;
NOW, THEREFORE, for and in consideration of the premises and the mutual
covenants in this Contract contained, the parties hereto agree as follows:
ARTICLE I
DEFINITIONS
Section 1.1 Definitions. The following terms have the meanings specified below
unless the context clearly requires otherwise:
“Additional Payments” means the reasonable and customary expenses and fees of the
Bank related to the transactions contemplated by this Contract, any expenses (including
attorneys’ fees) of the Bank in prosecuting or defending any action or proceeding in connection
with this Contract and any taxes or any other expenses, including, but not limited to, license and
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permit fees, state and local income, sales and use or ownership taxes, property taxes and other
expenses in connection with the maintenance of the Mortgaged Property that the Bank is
expressly required to pay as a result of this Contract (together with interest that may accrue
thereon in the event that the County shall fail to pay the same, as set forth in this Contract).
“Administrative Agreement” means the Agreement Concerning School Roof
Improvements, dated September 20, 2012, between the County and the Board of Education.
“Amount Advanced” means the aggregate principal amount of $3,132,537.50 advanced
by the Bank on the date hereof to enable the County to finance a portion of the Cost of the
Project.
“Bank” means Branch Banking and Trust Company or its successors and assigns.
“Bank Representative” means any vice president of the Bank or such other person or
persons at the time designated to act on behalf of the Bank for purposes of performing any act on
behalf of the Bank under this Contract by a written certificate furnished to the County and the
Board of Education containing the specimen signatures of such person or persons and signed on
behalf of the Bank by any vice president.
“Board of Commissioners” means the duly elected governing Board of Commissioners
for the County or any successor to its functions.
“Board of Education” means The Person County Board of Education or any successor to
its functions.
“Business Day” means a day on which banks in the State are not by law required or
authorized to remain closed.
“Closing Date” means the date on which this Contract is executed and delivered in
consideration of the deposit of the Amount Advanced into the Project Fund as provided herein.
“Code” means the Internal Revenue Code of 1986, as amended, including any temporary,
proposed or final Treasury Regulations promulgated thereunder.
“Completion Date” means the date on which completion of the acquisition, construction
and installation of the Project occurs, as evidenced by the certificate provided for in Section 5.3.
“Construction Contracts” means the contracts between the County or the Board of
Education and the contractors selected and hired by the County or the Board of Education
relating to the acquisition, construction and installation of the Project.
“Cost of the Project” shall be deemed to include payment of or reimbursement for the
following items:
(a) obligations incurred or assumed in connection with the acquisition,
construction and installation of the Project;
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(b) the cost of the acquisition, construction and installation of the Project,
including, without limitation, the cost of architectural and engineering services, the
Bank’s fees and expenses (including the fees and expenses of its counsel) incurred in
connection with the advance of the Amount Advanced to the County, fees and expenses
of the Local Government Commission of North Carolina, if any, other legal and fiscal
agency fees and expenses, taxes, inspection costs, the cost of permit fees and any filing
and recording costs relating to the Project, but excluding any related State sales or use tax
for which the County or the Board of Education will be entitled to a refund; and
(c) all other costs which are considered to be a part of the cost of the
acquisition, construction and installation of the Project in accordance with generally
accepted accounting principles, including sums required to reimburse the County or the
Board of Education for advances made by the County that are properly chargeable to the
acquisition, construction and installation of the Project.
“County” means the County of Person, North Carolina or any successor to its functions.
“County Representative” means (i) the Chairman of the Board of Commissioners, Clerk
to the Board of Commissioners, County Manager of the County, Finance Director of the County
or such other person or persons at the time designated to act on behalf of the County for the
purpose of performing any act under this Contract by a written certificate furnished to the Bank
and the Board of Education containing the specimen signatures of such person or persons and
signed on behalf of the County by the County Manager of the County, or (ii) if any or all of the
County’s rights and obligations are assigned under this Contract, the person or persons at the
time designated to act on behalf of the County and the assignee by a written certificate similarly
furnished and of the same tenor.
“Deed of Trust” means the Deed of Trust and Security Agreement, made September 20,
2012, from the County to F. Louis Loyd, III, as trustee, for the benefit of the Bank, as
beneficiary.
“Deed of Trust Trustee” means F. Louis Loyd, III, as trustee named in the Deed of Trust,
and any successor trustee thereto.
“Engineer” means any engineer, engineering consultant or architect, or firm thereof, hired
by or employed by the County or the Board of Education, licensed in the State and experienced
in the work for which retained.
“Event of Default” means one or more events of default as defined in Section 13.1.
“Installment Payment Dates” means the dates on which Installment Payments are due and
payable as set forth in the Payment Schedule attached hereto.
“Installment Payments” means those payments to be made by the County to the Bank as
described in Article III and in the Payment Schedule attached hereto.
“Interest Rate” means 3.93% per annum calculated on the basis of a 360-day year of
twelve 30-day months.
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“Lease” means the Lease, dated September 20, 2012, between the County, as lessor, and
the Board of Education, as lessee, pursuant to which the County has leased to the Board of
Education the site of Southern Middle School together with the improvements thereon.
“Mortgaged Property” means the Real Property and all existing improvements located on
the Real Property as of the date hereof, the portion of the Project to be acquired, constructed and
installed thereon, all other additions, alterations, enlargements, extensions, improvements and
fixtures made a part of the Real Property or the improvements thereon and all appurtenances of
any nature whatsoever, less all data processing or telecommunications equipment, all mobile or
modular classrooms, if any, all other property excluded from the lien or security interest of the
Bank under this Contract and all property released pursuant to this Contract or the Deed of Trust.
“Net Proceeds,” when used with respect to any proceeds of insurance policies, payment
bonds, performance bonds, condemnation awards or moneys received as a consequence of
default under a construction contract or otherwise made available by reason of any occurrence
described in Section 5.4 or 8.1, means the amount remaining after deducting from the gross
proceeds thereof all expenses (including, without limitation, attorneys’ fees and costs) incurred
in the collection of such proceeds.
“Payment Schedule” means the document entitled “Payment Schedule” attached hereto
and incorporated herein by reference which sets forth the Installment Payments to be made by
the County hereunder, as the same may be revised from time to time in accordance with this
Contract.
“Permitted Encumbrances” means
(1) easements, exceptions or reservations (i) for the purpose of pipelines,
telephone lines, cable television lines, telegraph lines, power lines and substations, roads,
streets, alleys, highways, parking, railroad purposes, drainage and sewerage purposes,
dikes, canals, laterals, ditches, transportation of oil, gas or other materials, removal of oil,
gas or other materials, and other like purposes, or (ii) for the joint or common use of real
property, facilities and equipment, which exist on the Closing Date or arise under the
provisions of Section 3.9 of the Deed of Trust and which, in the case of either (i) or (ii),
in the aggregate do not materially interfere with or impair the operation of the Mortgaged
Property for the purposes for which it is or may reasonably be expected to be used;
(2) the rights of the Bank under this Contract;
(3) the lien of the Deed of Trust and any other liens and encumbrances listed
in Exhibit B thereto;
(4) the Lease and any sublease by the Board of Education in conformity with
the provisions of Section 6.11, all of which are expressly subordinate to the lien of the
Deed of Trust;
(5) any materialmen’s liens incurred in the ordinary course of business and
not remaining undischarged for more than sixty (60) days from the date thereof; and
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(6) any other liens, encumbrances, charges and restrictions on the Real
Property described in Schedule B - Section II (excluding exceptions __________) of the
commitment of Commonwealth Land Title Insurance Company to issue the Title Policy
provided by the County under Section 6.5, which commitment is numbered CW-12-
08506, or approved in writing by the Bank.
“Plans and Specifications” means the plans and specifications prepared by one or more
Engineers hired or employed by the County or the Board of Education relating to the acquisition,
construction and installation of the Project.
“Prime Rate” means the interest rate so denominated and set by Branch Banking & Trust
Company of North Carolina (whether or not such Bank, or any affiliate thereof, is at any time the
beneficiary under this Agreement) as its “Prime Rate,” as in effect from time to time.
“Project” means the repair or replacement of roofs at Southern Middle School and Person
High School, as more particularly described in Exhibit A hereto.
“Project Fund” means the separate fund created under Section 4.1 for the purpose of
disbursing the Amount Advanced and interest earnings thereon and any other funds deposited
therein.
“Qualified School Construction Bond” means the County’s obligation to repay the
Amount Advanced that constitutes a taxable direct payment qualified school construction bond
under Section 54F of the Code.
“Real Property” means the site of Southern Middle School, described in Exhibit B hereto
and incorporated herein by reference, as the same may be amended from time to time in
accordance with the provisions of the Deed of Trust.
“State” means the State of North Carolina.
“Title Policy” means the policy of title insurance issued by Commonwealth Land Title
Insurance Company pursuant to Section 6.5.
ARTICLE II
AMOUNT ADVANCED
Section 2.1 Advance of Amount Advanced. The Bank hereby makes an advance to
the County of the Amount Advanced, and the County hereby accepts from the Bank the Amount
Advanced to be applied in accordance with the terms and conditions of this Contract. The
proceeds of the Amount Advanced will be used to acquire, construct and install the Project as
provided in this Contract.
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ARTICLE III
INSTALLMENT PAYMENTS; ADDITIONAL PAYMENTS
Section 3.1 Amounts and Times of Installment Payments and Additional Payments.
(a) The County shall repay the Amount Advanced in installments, together with
interest thereon at the Interest Rate, as provided in this Contract and the Payment Schedule.
Each installment shall be deemed an Installment Payment and shall be paid in the amounts and at
the time set forth in the Payment Schedule, except as otherwise provided in this Contract. Each
amount received by the Bank as an Installment Payment shall be deemed to be applied first to the
payment of the interest component and then to the payment of the principal component of such
Installment Payment.
(b) The County shall pay Additional Payments on a timely basis directly to each
person or entity to which any Additional Payments are owed.
Section 3.2 Late Payments. If the County fails to pay any Additional Payment or any
Installment Payment more than five (5) business days after the due date, then interest on the
principal component of any unpaid Installment Payment shall continue to accrue at the Interest
Rate and, to the extent permitted by law, the County shall pay additional interest on the unpaid
amount at an annual rate equal to the Prime Rate from the original due date.
Section 3.3 Place of Payments. All payments required to be made to the Bank under
this Contract shall be made to the Bank at the address set forth in the Payment Schedule in
immediately available funds or as may be otherwise directed in writing by the Bank.
Section 3.4 No Abatement. There will be no abatement or reduction of the Installment
Payments or Additional Payments by the County for any reason, including but not limited to, any
failure by the County to appropriate funds to the payment of the Installment Payments or
Additional Payments, any defense, recoupment, setoff, counterclaim or any claim (real or
imaginary) arising out of or related to the acquisition, construction and installation of the Project.
The County assumes and shall bear the entire risk of loss and damage to the Project from any
cause whatsoever, it being the intention of the parties hereto that the Installment Payments shall
be made in all events unless the obligation to make the Installment Payments is terminated as
otherwise provided in this Contract.
Section 3.5 Prepayment of Amount Advanced.
(a) The County shall have the option to prepay or provide for the prepayment of the
outstanding principal components of the Installment Payments in whole but not in part on any
Installment Payment Date at a prepayment price equal to one hundred one percent (101%) of
such principal components, plus accrued interest thereon to the date of such prepayment, upon
not less than thirty (30) days prior written notice of such prepayment to the Bank.
(b) In the event of any loss or damage to or condemnation of the Mortgaged Property
in an amount not less than $100,000, if the County determines not to apply the resulting Net
Proceeds described in Section 8.2 to the repair, restoration, modification, improvement or
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replacement of the Mortgaged Property as permitted by Section 8.3, then the County shall cause
such Net Proceeds, together with any other available funds, to be applied to prepay the
outstanding principal components of the Installment Payments in whole or in part on any date at
a prepayment price equal to one hundred percent (100%) of such principal components to be
prepaid, plus accrued interest thereon to the date of such prepayment, upon not less than (30)
days prior written notice of such prepayment to the Bank.
(c) In the event that any moneys representing the Amount Advanced remain in the
Project Fund or otherwise have not been expended at the end of the three (3)-year period
beginning on the date hereof, then the County shall cause such moneys to be applied to prepay a
portion of the outstanding principal components of the Installment Payments on any date within
ninety (90) days after the end of such period at a prepayment price equal to one hundred percent
(100%) of such principal components to be prepaid, plus accrued interest thereon to the date of
such prepayment, upon not less than thirty (30) days prior written notice of such prepayment to
the Bank.
(d) In the event that the United States of America no longer provides a refundable
credit to the County with respect to the interest components of the Installment Payments, then the
County may continue to pay the existing Interest Rate or, at the option of the County, the County
and the Bank shall arrange to refinance the outstanding principal components of the Installment
Payments as a financing with respect to which the interest is excludable from the gross income of
the Bank for federal income tax purposes. If the County exercises such option to refinance such
principal components, then (i) the Interest Rate will be changed to be equal to the rate on a new
loan in an amount equal to the outstanding principal components of the Installment Payments
following such prepayment with the same remaining maturities to a similar borrower, as
determined by the Bank in its reasonable discretion, and (ii) other provisions of this Contract will
be amended as necessary.
(e) In the event of a partial prepayment of the outstanding principal components of
the Installment Payments, the Payment Schedule shall be recalculated as necessary by the Bank
in order to reflect the effect of such prepayment.
ARTICLE IV
PROJECT FUND
Section 4.1 Project Fund. The Bank has caused the Amount Advanced to be deposited
in the Project Fund, a separate fund hereby created and established with the Bank and designated
as the “County of Person 2012 School Roof Improvements Project Fund,” to be held in trust and
applied by the Bank in accordance with the provisions of this Article IV. Until all amounts
deposited to the credit of the Project Fund are applied to pay a part of the Cost of the Project,
such amounts are hereby pledged by the County to the Bank as security for the performance by
the County of its obligation to repay the Amount Advanced when due and its other payment
obligations hereunder.
Section 4.2 Deposit or Investment. Moneys deposited in the Project Fund shall be
held in a public funds money rate savings account offered by the Bank that complies with the
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requirements of Section 159-30 of the General Statutes of North Carolina, as amended. If such
account ceases to exist while the moneys are deposited therein, then the Bank shall deposit or
invest such moneys as shall be determined by the Bank upon consultation with the County. In
addition, the County may at any time direct the Bank to deposit or invest such moneys in the
following classes of deposits or securities to the extent permitted by law: (a) The North Carolina
Capital Management Trust, (b) obligations of the United States, (c) obligations of agencies of the
United States fully guaranteed both as to principal and interest by the United States and
(d) commercial paper, certificates of deposit and bankers’ acceptances of BB&T Corporation and
its bank subsidiaries, or of other banks and corporations so long as the rating on any such
obligation is at least equal to the rating on similar obligations of BB&T Corporation (or its bank
subsidiaries, in the case of certificates of deposit and bankers’ acceptances) at the time of such
deposit or investment. The County will pay all associated costs related to the making of any
such alternative investment, including the Bank’s reasonable fees and expenses of making such
investment (including any standard fees associated with opening and maintaining an account
appropriate to such alternative investment). If necessary in connection with any such direction
by the County, the County and the Bank will make reasonable efforts to establish additional
operating arrangements, which may include amending this Contract, to effectuate such direction
by the County. Earnings on moneys deposited or invested in the Project Fund shall be retained
in the Project Fund pending their disbursement in accordance with this Article IV.
Section 4.3 Disbursement. Unless the Project Fund is earlier terminated in accordance
with the provisions of Section 4.4, moneys in the Project Fund shall be disbursed by the Bank in
payment of a part of the Cost of the Project upon receipt by the Bank of a requisition from the
County, substantially in the form set forth in Exhibit C attached hereto, signed by a County
Representative, together with the documents or other items required thereunder.
The County shall deliver each requisition to the Bank. The Bank shall undertake such
review of the matters referred to in such requisition as it shall deem appropriate, and, if it is
satisfied as to such matters, it shall then within three (3) Business Days disburse funds from the
Project Fund to the County to pay the obligations described in such requisition or to reimburse
the County for the payment of such obligations.
The Bank may conclusively rely upon all requisitions received as conditions of payment
from the Project Fund. In addition, the Bank may request such additional information as it may
reasonably request to evidence the propriety of any requested payment from the Project Fund.
If moneys in the Project Fund are insufficient to pay the Cost of the Project, the County
shall provide or cause the Board of Education to provide any balance of the funds needed to
complete the Project. Any moneys remaining in the Project Fund after completion of the Project
in accordance with Section 5.3 shall be used (a) with the consent of the Bank, which shall not be
unreasonably denied, to pay for the capital costs of such other public school facilities or related
land within the meaning of Section 54F(a)(1) of the Code as the County may determine,
provided that the Board of Education has requested the County to do so, that the County has
obtained the consent of the Bank as to such use, which consent shall not be unreasonably
withheld, and that, in the opinion of nationally recognized bond counsel, it is permissible to do
so or (b) to prepay a portion of the outstanding principal components of the Installment
Payments as provided in Section 3.5(c). Any moneys remaining in the Project Fund on
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termination thereof before completion of the Project shall be used to repay the Amount
Advanced.
Notwithstanding any other provision of this Contract, the Bank will not be obligated to
honor any requisition for disbursement of funds after thirty (30) days from the Closing Date until
the County provides the Bank with a policy of title insurance that meet the requirements of
Section 6.5.
Section 4.4 Termination. The Project Fund shall be terminated at the earliest of (a) the
final distribution of all moneys in the Project Fund, (b) the receipt by the County of written
notice of an Event of Default given by the Bank or (c) the termination of this Contract.
Section 4.5 Reliance of Bank on Documents. The Bank may act in reliance on any
writing or instrument or signature which it, in good faith, believes to be genuine and may assume
the validity and accuracy of any statement or assertion contained in such a writing or instrument.
The Bank is not liable in any manner for the sufficiency or correctness as to form, manner and
execution, or validity of any instrument nor as to the identity, authority, or right of any person
executing the same; and its duties under this Article are limited to the receipt of such moneys,
instruments or other documents received by it as the Bank and the deposit or investment and
disposition of the same in accordance herewith.
Section 4.6 Indemnification of Bank. Unless the Bank is guilty of negligence with
regard to its duties under this Article, the County agrees to indemnify the Bank and hold it
harmless as provided in Section 11.1. In connection therewith, the Bank shall be entitled to hold
all moneys deposited with it under this Contract, except for moneys expressly set aside to pay the
Installment Payments, for indemnification for reasonable attorneys’ fees, court costs, any suit,
interpleader or otherwise, or any other expenses, fees or charges of any character or nature,
including but not limited to those which may be incurred by the Bank by reason of disputes
arising between the County and the Bank as to the correct interpretation of this Contract and
instructions given to the Bank under this Contract, or otherwise, until and unless such fees, costs,
expenses or charges are fully paid.
Section 4.7 Fees. The County will pay to the Bank a fee of $2,900, which includes the
expenses incurred by the Bank in connection with the advance of the Amount Advanced under
this Contract, the fees of its counsel and any other expenses of the Bank except as hereinafter
provided. If the County at any time directs the Bank to deposit or to invest the moneys in the
Project Fund differently than the initial deposit of such moneys pursuant to Section 4.2, then the
County shall pay to the Bank any standard set-up, administration and transaction fees relating to
such change in deposit or investment.
ARTICLE V
ACQUISITION, CONSTRUCTION AND INSTALLATION OF THE PROJECT
Section 5.1 Acquisition, Construction and Installation of the Project. In accordance
with the Administrative Agreement, the County shall comply or cause the Board of Education to
comply with the provisions of Article 8 of Chapter 143 of the General Statutes of North
Carolina, as amended, and enter into or cause the Board of Education to enter into the
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Construction Contracts relating to the Project. The County shall cause the acquisition,
construction and installation of the Project to be carried on expeditiously in accordance with the
Plans and Specifications, all applicable statutes and ordinances and all other applicable
requirements of all regularly constituted authorities having jurisdiction over the same. The
County shall insure that the Project will not violate any applicable use or other restrictions
contained in prior conveyances or applicable protective covenants or restrictions. The County
shall promptly cause to be corrected any defect in the Project or any departure from the Plans
and Specifications, unless it obtains the approval of the Bank otherwise, which approval shall not
be unreasonably denied.
The County shall require or cause the Board of Education to require all contractors
entering into Construction Contracts to comply with the applicable provisions of the Davis-
Bacon Act, found in Subchapter IV of Chapter 31 of Title 40 of the United States Code.
The County may make, or cause to be made, such changes in the Project as it deems
necessary or appropriate to cause the Project to be completed for a cost within the funds
available therefor; provided, however, that no change may be made in the Project which would
result in its use for purposes other than public school facilities. In addition, no change may be
made unless the related costs are capital costs under applicable federal income tax principles and,
if a change would be material as to the scope of the Project, (i) the County has first notified the
Local Government Commission of North Carolina and the Bank of such change, (ii) in the
opinion of the County Manager or his designee, such change will not have an adverse effect on
the appraised value of the Mortgaged Property and (iii) in the opinion of nationally recognized
bond counsel, it is permissible to make such change. Furthermore, if a change would increase
the cost of the Project by more than $100,000, then the County must inform the Bank of the
source of the funds that are to be used to pay for such change before it may make such change or
cause it to be made. In the event of a change in the Project which would render materially
inaccurate the description in Exhibit A attached hereto, the County shall provide, or cause to be
provided, to the Bank a revised Exhibit A for attachment hereto which reflects accurately the
Project as changed.
Section 5.2 Right of Entry and Inspection. The Bank and its representatives and
agents shall have the right to enter on and inspect the real property upon which the Project is to
be located and the improvements thereto and thereon from time to time, during the acquisition,
construction or installation of the Project, to the extent that the County or the Board of Education
has such right, and the County shall cause any contractor or subcontractor to cooperate with the
Bank and its representatives and agents during such inspections. No right of inspection or
approval contained in this Contract imposes on the Bank any duty or obligation whatsoever to
undertake any inspection or to give any approval, except as provided in Section 5.1.
Section 5.3 Completion of the Project. The County shall use its best efforts to cause
the acquisition, construction and installation of the Project to be completed within _____ months,
unforeseeable delays beyond the reasonable control of the County or the Board of Education
only excepted. Upon completion of the acquisition, construction and installation of the Project,
the County Representative shall deliver to the Bank (a) certificates of the County and the Board
of Education stating collectively the fact and date of such completion and that all of the Cost of
the Project has been determined and paid (or that all of such Cost has been paid less specified
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claims which are subject to dispute and for which a retention in the Project Fund is to be
maintained in the full amount of such claims until such dispute is resolved) and (b) a certificate
of a duly authorized officer or agent of the architects, engineers or supervising contractors
selected and hired by the County or the Board of Education in connection with the acquisition,
construction and installation of the Project stating the fact and date of such completion. If the
accounting of the Project Fund by the Bank shows that moneys in the Project Fund will remain
unexpended for the Cost of the Project, the unexpended funds in the Project Fund shall be
applied in accordance with Section 4.3.
Section 5.4 Payment and Performance Bonds. Each contractor entering into a
Construction Contract shall be required to furnish a performance bond and a separate labor and
material payment bond as required by North Carolina General Statutes, Article 3, Chapter 44A,
each of which shall name the Bank as an obligee in addition to the County or the Board of
Education and copies of which shall be provided to the Bank. In lieu of furnishing a
performance bond and a separate labor and material payment bond, each contractor may furnish
collateral in the amount of its Construction Contract securing the County or the Board of
Education, as may be applicable, and the Bank pursuant to North Carolina General Statutes,
Article 8, Chapter 143 (Section 143-129), evidence of which shall be provided to the Bank.
In the event of any material default by a contractor under any Construction Contract, or in
the event of a material breach of warranty with respect to any materials, workmanship or
performance, the County shall promptly proceed, or cause the Board of Education to proceed
promptly, either separately or in conjunction with others, to pursue diligently its remedies against
such contractor and/or against each surety of any bond securing the performance of such
Construction Contract. The Net Proceeds of any amounts recovered by way of damages,
refunds, adjustments or otherwise in connection with the foregoing, after reimbursement to the
County or the Board of Education of any amounts theretofore paid by the County or the Board of
Education and not previously reimbursed to the County or the Board of Education for correcting
or remedying the default or breach of warranty which gave rise to the proceedings against such
contractor or surety, shall either be deposited as provided in Section 8.2 or applied as provided in
Section 8.3. To the extent that the Net Proceeds of any payment bond or collateral required by
this Section are not applied directly to pay the Cost of the Project, they shall likewise be
deposited into the Project Fund if received before the Completion Date, or, if received thereafter,
shall either be deposited as provided in Section 8.2 or applied as provided in Section 8.3.
Section 5.5 Contractor’s General Public Liability and Property Damage Insurance.
Each contractor entering into a Construction Contract shall be required to procure and maintain
at its own expense during the duration of such Construction Contract standard form
(a) comprehensive general public liability and property damage insurance in the amount of at
least $2,000,000 and (b) comprehensive automobile liability insurance on owned, hired and
non-owned vehicles in the amount of at least $2,000,000. Such policies shall include the County
or the Board of Education, as may be applicable, and the Bank as additional named insureds or
loss payees. A certificate evidencing such coverage or, if such insurance is provided by a private
carrier, a completed certificate of insurance, in form acceptable to the County or the Board of
Education and the Bank, shall be provided to the County or the Board of Education and the Bank
with respect to each contractor entering into a Construction Contract. Such insurance shall
provide protection from all claims for bodily injury, including death, property damage and
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contractual liability, products/completed operations, broad form property damage and XCU
(explosion, collapse and underground property damage), where applicable.
Section 5.6 Contractor’s Builder’s Risk Insurance. Except as hereinafter provided,
each contractor entering into a Construction Contract shall be required to procure and maintain at
its own expense property insurance (builder’s risk) with respect to the work for which it is
responsible under the Construction Contract at the full and insurable value thereof. Such
insurance will include the County or the Board of Education, as may be applicable, as an
additional named insured or loss payee and include a lender’s loss payable endorsement in favor
of the Bank, and shall insure against “all risk” subject to standard policy conditions and
exclusions. Each such contractor shall also purchase and maintain similar property insurance for
portions of such work stored off the sites of the Project or in transit when such portions of such
work are to be included in an application for payment. Each such contractor shall be responsible
for the payment of any deductible amounts associated with such insurance. A certificate
evidencing such coverage or, if such insurance is provided by a private carrier, a completed
certificate of insurance, in form acceptable to the County or Board of Education and the Bank,
shall be provided to the County or Board of Education and the Bank with respect to each
contractor entering into a Construction Contract.
The County may provide, or cause to be provided, insurance that is substantially similar
to the insurance required by this Section in lieu of requiring a contractor to provide the insurance
required by this Section.
Section 5.7 Contractor’s Worker’s Compensation Insurance. Each contractor entering
into a Construction Contract shall be required to procure and maintain at its own expense
worker’s compensation insurance during the term of the Construction Contract, covering its
employees working thereunder. A certificate evidencing such coverage or, if such insurance is
provided by a private carrier, a completed certificate of insurance, in form acceptable to the
County or Board of Education and the Bank, shall be provided to the County or Board of
Education and the Bank with respect to each contractor entering into a Construction Contract.
Each Construction Contract shall also provide that each subcontractor of any contractor who is a
party to such Construction Contract shall be required to furnish similar worker’s compensation
insurance.
Section 5.8 Filing With the Bank. The County shall cause copies of all performance
bonds and insurance contracts or approved certificates thereof, as required under sections 5.4,
5.5, 5.6 and 5.7 to be delivered to the Bank within thirty (30) days after a request therefor by the
Bank and in such form as to evidence compliance with the provisions of such sections.
ARTICLE VI
RESPONSIBILITIES OF THE COUNTY
Section 6.1 Care and Use. The County shall cause the Mortgaged Property to be used
in a careful and proper manner, in compliance with all applicable laws and regulations, and, at its
sole cost and expense, shall service, repair and maintain the Mortgaged Property, or cause the
Mortgaged Property to be serviced, repaired and maintained, so as to keep the Mortgaged
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Property in good condition, repair, appearance and working order for the purposes intended,
ordinary wear and tear excepted, and shall replace or restore, or cause to be replaced or restored,
any part of the Mortgaged Property as may from time to time become worn out, unfit for use,
destroyed or damaged. Any and all repairs or replacements of the Mortgaged Property shall
constitute accessions to the Mortgaged Property and shall be subject to all the terms and
conditions of this Contract and included in the term “Mortgaged Property” as used in this
Contract.
In any instance where the County or the Board of Education determines that any fixture
constituting a part of the Mortgaged Property has become inadequate, obsolete, worn-out,
unsuitable, undesirable or unnecessary, the County or the Board of Education may remove such
fixture and sell, trade-in, exchange or otherwise dispose of it without any responsibility or
accountability to the Bank therefor, provided that the County shall either:
(a) substitute or cause to be substituted (by direct payment of the costs thereof or by
designating as a fixture constituting a part of the Mortgaged Property other equipment,
machinery or other personal property) and install as a fixture other equipment, machinery or
other personal property having equal or greater value and utility (but not necessarily serving the
same function) in the operation of the Mortgaged Property or
(b) not make any such substitution and installation, provided that (i) the appraised
value of the remaining Mortgaged Property will not be less than the aggregate outstanding
principal components of the Installment Payments and (ii) upon the request of the Bank, which
request may be made from time to time, the County will provide or cause to be provided to the
Bank reasonable evidence of the appraised value of the Mortgaged Property at the time of such
request.
The County may also, upon the loss of or damage to any portion of any fixture
constituting a part of the Mortgaged Property that is to be protected against by insurance required
or permitted by Section 6.6 and in lieu of making any claim upon such insurance, substitute and
install or cause to be substituted and installed as a fixture other equipment, machinery or other
personal property having equal or greater value and utility (but not necessarily serving the same
function) in the operation of the Mortgaged Property for such lost or damaged fixture. In any
instance in which the County so elects to substitute or cause to be substituted any fixture for any
damaged fixture, the County or the Board of Education may remove the damaged fixture from
the Mortgaged Property and dispose of it without any further responsibility or accountability to
the Bank therefor.
All substituted equipment, machinery or other personal property installed as a fixture
pursuant to this Section, except for any data processing or telecommunications equipment and
any mobile or modular classrooms, shall be free of all liens and encumbrances (other than
Permitted Encumbrances) and shall become a part of the Mortgaged Property. The Bank will
cooperate with the County and the Board of Education in implementing the County’s rights to
dispose of fixtures pursuant to this Section and will execute any and all conveyances, releases or
other documents necessary or appropriate in connection therewith and with the release of fixtures
from the lien of the Deed of Trust or any other documents evidencing a security interest therein
in favor of the Bank.
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The parties acknowledge that the Board of Education shall have the right, in its sole
discretion and at its own expense, to acquire, construct and install real property improvements or
items of equipment or other personal property other than the Project in or upon any portion of the
Leased Property (as defined in the Lease) that do not materially impair the effective use or
materially decrease the value of the Leased Property, as provided in Section 7.2 of the Lease.
Section 6.2 Inspection. The Bank has the right on reasonable prior notice to the
County or the Board of Education, as may be applicable, to enter upon the Mortgaged Property
to inspect the Mortgaged Property and observe its use during normal business hours.
Section 6.3 Utilities. The County shall pay, or cause to be paid, all charges for gas,
water, steam, electricity, light, heat or power, telephone or other utility service furnished to or
used on or in connection with the Mortgaged Property. There shall be no abatement of any
portion of the Installment Payments on account of interruption of any such services.
Section 6.4 Taxes. The County shall pay, or cause to be paid, when due any and all
taxes relating to the Mortgaged Property and the County’s obligations under this Contract
including, but not limited to, all license or registration fees, gross receipts tax, sales and use tax,
if applicable, license fees, documentary stamp taxes, rental taxes, assessments, charges, ad
valorem taxes, excise taxes, and all other taxes, licenses and charges imposed on the ownership,
possession or use of the Mortgaged Property by any governmental body or agency, together with
any interest and penalties.
Section 6.5 Title Insurance. The County agrees to obtain, at its own cost and expense,
an American Land Title Association policy of title insurance, in form satisfactory to the Bank,
effective as of the date of execution and delivery of this Contract, in an amount not less than the
Amount Advanced, naming the Bank as insured mortgagee. Such policy shall insure the fee title
of the County to the Real Property, subject only to Permitted Encumbrances, and shall be issued
by a title insurance company qualified to do business in the State of North Carolina and
acceptable to the Bank. On or before the Closing Date, the County shall provide the Bank with a
copy of the commitment of the issuer of such policy to issue such policy and, within thirty (30)
days after the Closing Date, the County shall provide the Bank with a copy of such policy.
Section 6.6 Insurance. The County shall maintain, or cause to be maintained, except
as hereinafter provided, insurance with respect to its property and business against such
casualties and contingencies in amounts not less than is customary in similar activities and
similarly situated. Without limiting the foregoing, the County shall maintain, or cause to be
maintained, except as hereinafter provided, the following insurance:
(a) Insurance against loss and/or damage to the Mortgaged Property under a policy or
policies covering such risks as are ordinarily insured against for similar property. Such
insurance (which may be builder’s risk insurance in whole or in part until the completion of the
Project) shall be in an amount not less than the lesser of (i) the full replacement cost of the
Mortgaged Property or (ii) the outstanding principal components of the Installment Payments,
but any such policy may have a deductible amount of not more than $50,000. No such policy of
insurance shall be so written that the proceeds thereof will produce less than the minimum
coverage required by the preceding sentence, by reason of co-insurance provisions or otherwise,
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without the prior written consent thereto by the Bank. The term “full replacement cost” shall
mean the actual replacement cost of the Mortgaged Property, without deduction for physical
depreciation, and shall be determined once every three years by an insurance consultant, in any
case, selected and paid for by the County or the Board of Education. Each such policy shall
contain a replacement cost endorsement.
(b) Comprehensive general liability insurance protecting the County, the Board of
Education and the Bank as their interests may appear, against liability for injuries to persons
and/or property, occurring on, in or about the Mortgaged Property, in the minimum amount of
$2,000,000 liability to any one person for property damage, $2,000,000 liability for personal
injury for any one occurrence and an aggregate annual liability limit of not less than $2,000,000,
with a deductible amount of not more than $50,000.
(c) Workers’ compensation insurance respecting all employees of the Board of
Education working at the Mortgaged Property in such amount as is customarily carried by like
organizations engaged in like activities of comparable size and liability exposure; provided that
the Board of Education may be self-insured with respect to all or any part of its liability for
workers’ compensation.
Each policy of insurance obtained pursuant to this Section shall (i) be issued by a
generally recognized and responsible insurance company qualified under the laws of the State or
the United States of America to assume the risks covered by such policy, (ii) name the County,
the Board of Education and the Bank as insureds or loss payees, as their respective interests may
appear, except that policies described in paragraph (a) shall contain standard mortgagee clauses
naming the Bank as mortgagee; and (iii) unless unavailable from the insurer, provide that such
policy shall not be cancelled or modified in any way adverse to any insured or loss payee without
at least thirty (30) days’ prior written notice to each insured or loss payee named therein. The
County or the Board of Education, as may be applicable, shall have the right to receive the
proceeds from any insurance maintained pursuant to this Section, subject, however, to the
provisions of this Article VI and Article VIII.
All such policies shall be deposited with the Bank, provided that in lieu of such policies
there may be deposited with the Bank a certificate or certificates of the respective insurers or
other evidence satisfactory to the Bank to the effect that the insurance required by this Section is
in full force and effect. Prior to the expiration of any such policy, the County shall furnish to the
Bank evidence satisfactory to the latter that the policy has been renewed or replaced or is no
longer required by this Contract.
In lieu of separate policies the County may maintain or cause the Board of Education to
maintain blanket or umbrella policies or participate in or cause the Board of Education to
participate in group risk financing programs, risk pools, purchasing groups, captive insurance
companies or state and federal programs if such policies or other insurance alternatives provide
the same coverage as required by this Section with protection against each risk not reducible by
claims for other risks to amounts less than that specified in this Section and the County deposits
with the Bank a certificate or certificates of the respective insurers evidencing such coverage and
stating, as required, the amount of coverage with respect to the Mortgaged Property or any part
thereof.
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Section 6.7 Rating and Insurance. The Bank reserves the right to have this transaction
rated and/or insured by a qualified rating agency and/or insurer at the Bank’s sole cost at any
time during the Contract. The County agrees to cooperate with the Bank and the agency/insurer
in providing any requested financial or non-financial information that may be material to
obtaining the rating/insurance.
Section 6.8 Risk of Loss. The County shall bear all risk of loss or damage to and
condemnation of the Project. In the event of loss or damage to or condemnation of the Project
resulting in Net Proceeds of any insurance policies or condemnation awards, such Net Proceeds
shall be applied in accordance with the provisions of Section 8.2 and, if applicable, Section 8.3.
Section 6.9 Performance by the Bank of the County’s Responsibilities. Any
performance required of the County or any payments other than Installment Payments required
to be made by the County may, if not timely performed or paid, be performed or paid by the
Bank, and, in that event, the Bank shall be immediately reimbursed by the County for such
payments or other performance by the Bank with interest thereon at the Prime Rate.
Section 6.10 Financial Statements. The County shall send to the Bank (i) a copy of the
County’s audited financial statements for each fiscal year within thirty (30) days of the County’s
acceptance of such statements, but in any event within one hundred eighty (180) days of the
completion of such fiscal year and (ii) a copy of the County’s annual budget promptly after
adoption, as well as any amendments to the budget that affect the appropriation for Installment
Payments.
The County shall furnish to the Bank, at such reasonable times as the Bank shall request,
all other financial information (including, without limitation, the County’s annual budget as
submitted or approved) as the Bank may reasonably request. The County shall permit the Bank
or its agents and representatives to inspect the County’s books and records and make extracts
therefrom.
The County represents and warrants to and covenants with the Bank that all financial
statements which have been or may be delivered to the Bank reflect or will reflect fairly and
accurately the County’s financial condition and that, except as the County may notify the Bank
otherwise, there has been and will be no material adverse change in the County’s financial
condition as reflected in the financial statements since the respective dates thereof.
Section 6.11 Leasing by County or Board of Education. The County has entered into
the Lease with the Board of Education. In addition, the Board of Education, with the written
consent of the County, may sublease any portion of the Mortgaged Property leased to it pursuant
to the Lease, subject to all of the following conditions:
(a) The County shall not be relieved of any of its obligations under this Contract.
(b) The County shall, within thirty (30) days after the execution of any sublease,
furnish or cause to be furnished to the Bank a true and complete copy of such sublease.
(c) Any sublease shall be subject to the provisions of this Contract and the Deed of
Trust and subordinate to the lien of the Deed of Trust.
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The Board of Education may also grant licenses for the temporary use of the Leased
Property or make the Leased Property available for community use in accordance with the laws
of the State.
ARTICLE VII
TITLE; LIENS; PERSONAL PROPERTY
Section 7.1 Title. Title to the Mortgaged Property shall be in the County from and
after the date of execution and delivery of this Contract so long as the County shall not be in
default hereunder or this Contract shall not have been terminated pursuant to the provisions of
Article XIII hereof, subject to the Permitted Encumbrances, and shall vest permanently in the
County upon the payment in full of the Amount Advanced plus accrued interest thereon and all
other payments due hereunder, free and clear of any lien or security interest of the Bank under
this Contract. Simultaneously with the execution and delivery of this Contract, the County shall
deliver to the Bank the Deed of Trust in form satisfactory to the Bank. Upon payment in full of
all of the County’s obligations hereunder, including the Amount Advanced, interest accrued
thereon and all other payments due hereunder, the Bank, at the County’s request, shall release
and cancel the Deed of Trust.
Section 7.2 Liens. The County shall not, directly or indirectly, create, incur, assume
or suffer to exist any mortgage, pledge, lien, security interest, charge, encumbrance or claim on
or with respect to the Mortgaged Property or any interest therein (except for Permitted
Encumbrances) without the prior written consent of the Bank. The County shall promptly, at its
own expense, take such action as may be necessary to duly discharge any such mortgage, pledge,
lien, security interest, charge, encumbrance or claim if the same shall arise at any time. The
County shall reimburse the Bank for any expense incurred by it (including reasonable attorneys’
fees and reasonable expenses), after prior notice to the County, in order to discharge or remove
any such mortgage, pledge, lien, security interest, charge, encumbrance or claim.
Section 7.3 Personal Property. The County or the Board of Education at any time and
from time to time, in its sole discretion and at its own expense, may install or permit to be
installed items of equipment or other personal property in or upon any portion of the Mortgaged
Property and may remove or replace such items and property if they do not constitute fixtures.
All such items that constitute fixtures, except for any data processing or telecommunications
equipment and any mobile or modular classrooms, shall become a part of the Mortgaged
Property. All such items constituting data processing or telecommunications equipment or
mobile or modular classrooms or that are not deemed to be fixtures shall remain the sole personal
property of the County or the Board of Education, as may be applicable, in which the Bank shall
not have any interest, and may be modified or removed by the County or the Board of Education
at any time, provided that the County shall repair and restore, or cause to be repaired and
restored, any and all damage to the Mortgaged Property resulting from the installation,
modification or removal of any such items.
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ARTICLE VIII
DAMAGE, DESTRUCTION AND CONDEMNATION; USE OF NET PROCEEDS
Section 8.1 Damage, Destruction or Condemnation. If, during the term hereof, (i) the
Project or any portion thereof is destroyed or is damaged by fire or other casualty, (ii) title to or
the temporary or permanent use of the Project or any portion thereof or the estate of the County,
the Board of Education, the Bank or its assignee in the Project or any portion thereof is taken
under the power of eminent domain by any governmental authority other than the County or
(iii) a material defect in the acquisition, construction and installation of the Project becomes
apparent, then the County shall continue to be obligated, subject to the provisions of Section 8.3,
to pay the amounts specified in Section 3.1 at the respective times required regardless of whether
the documentation provided for in Section 5.3 has been delivered.
Except as otherwise provided in this Contract, if any part of the Mortgaged Property is
destroyed or damaged by fire or other casualty, then the County will promptly cause the
Mortgaged Property to be restored to the equivalent of its condition immediately prior to such
casualty, and, if any part of the Mortgaged Property or its use is damaged or restricted by any
exercise of the power of eminent domain, then the County will promptly cause the Mortgaged
Property to be restored, repaired or modified in a manner satisfactory to the Bank.
Section 8.2 Use of Net Proceeds to Repair or Replace the Mortgaged Property.
Except as hereinafter provided and subject to the provisions of Section 8.3, the Bank and the
County shall cause the Net Proceeds of any insurance policies, payment bonds, performance
bonds, condemnation awards or moneys received as a consequence of default under a
Construction Contract or otherwise made available by reason of any occurrence described in
Section 5.4 or 8.1 relating to the Mortgaged Property to be deposited in the Project Fund, if
received before the Completion Date, or, if received thereafter, to be deposited in a separate fund
held by the Bank. All Net Proceeds so deposited shall be applied by the Bank to the prompt
repair, restoration, modification, improvement or replacement of the Mortgaged Property on
receipt of requisitions from the County, substantially similar in form to the form in Exhibit C
attached hereto, signed by a County Representative, together with the documents or other items
required thereunder. If such Net Proceeds arising from any single event, or any single
substantially related sequence of events, are not more than $50,000, then the Board of Education
shall retain such Net Proceeds and apply them to the prompt repair, restoration, modification,
improvement or replacement of the Mortgaged Property and thereafter shall promptly report to
the County and the Bank regarding the use of such Net Proceeds. Any repair, restoration,
modification, improvement or replacement of the Mortgaged Property paid for in whole or in
part out of such Net Proceeds shall be the property of the County, subject to the Deed of Trust,
and shall be included as part of the Mortgaged Property under this Contract.
The County shall cause the Net Proceeds of any insurance policies, payment bonds,
performance bonds, condemnation awards or moneys received as a consequence of default under
a Construction Contract or otherwise made available by reason of any occurrence described in
Section 5.4 or 8.1 relating to any portion of the Project other than the Mortgaged Property to be
used to pay for the capital costs of such public school facilities as the County may determine,
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provided that the Board of Education has requested the County to do so and, in the opinion of
nationally recognized bond counsel, it is permissible to do so.
Section 8.3 Discharge of Obligation to Repair or Replace the Mortgaged Property. In
the event of any loss or damage to or condemnation of the Mortgaged Property in an amount not
less than $100,000, the obligation of the County to repair or replace the Mortgaged Property
under Section 8.1 and Section 8.2 may, at the option of the County, be discharged by causing the
resulting Net Proceeds described in Section 8.2, together with any other available funds, to be
applied to the prepayment of all or any part of the outstanding principal components of the
Installment Payments in accordance with Section 3.5(b). If such Net Proceeds and any other
available funds exceed the outstanding principal components of the Installment Payments or part
thereof to be prepaid in accordance with Section 3.5(b), such excess shall be paid to or retained
by the County.
Within one hundred twenty (120) days of the occurrence of an event specified in Section
8.1, the County shall commence or cause the Board of Education to commence the repair,
restoration, modification, improvement or replacement of the Mortgaged Property or shall elect,
by notice to the Bank, to proceed under the provisions of the next preceding paragraph. For
purposes of this Section, “commence” shall include the retention of an Engineer in anticipation
of repair, restoration, modification, improvement or replacement of the Mortgaged Property.
Section 8.4 Cooperation of Bank. The Bank shall cooperate fully with the County and
the Board of Education in filing any proof of loss with respect to any insurance policy covering
the events described in Section 8.1. In no event shall the Bank or the County voluntarily settle,
or consent to the settlement of, any proceeding arising out of any insurance claim with respect to
the Mortgaged Property without the written consent of the other.
ARTICLE IX
REPRESENTATIONS OF THE COUNTY AND BANK
Section 9.1 Representations, Covenants and Warranties of the County. The County
represents, covenants and warrants to the Bank as follows:
(a) The County is a body politic and corporate and a political subdivision organized
and existing under the Constitution and laws of the State.
(b) The Constitution and laws of the State authorize the County to (i) execute and
deliver this Contract, the Deed of Trust, the Lease and the Administrative Agreement, (ii) enter
into the transactions contemplated hereby and thereby and (iii) carry out its obligations
hereunder or thereunder.
(c) The County has duly authorized the execution and delivery of this Contract, the
Deed of Trust, the Lease and the Administrative Agreement in accordance with the Constitution
and laws of the State.
(d) Neither the execution and delivery of this Contract, the Deed of Trust, the Lease
or the Administrative Agreement, nor the fulfillment of or compliance with the terms and
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conditions hereof or thereof, nor the consummation of the transactions contemplated hereby or
thereby, conflicts with or results in a breach of the terms, conditions or provisions or any charter
provision or restriction or any agreement or instrument to which the County is now a party or by
which the County is bound, or constitutes a default under any of the foregoing.
(e) Other than building permits or other procedural requirements which are a
prerequisite to the construction of the Project, no approval or consent is required from any
governmental authority with respect to the entering into or performance by the County of this
Contract, the Deed of Trust, the Lease, the Administrative Agreement or any other documents
related hereto or thereto and the transactions contemplated hereby and thereby, or if such
approval is required, it has been duly obtained.
(f) There is no action, suit, proceeding or investigation at law or in equity before or
by any court, public board or body pending or threatened against or affecting the County
challenging the validity or enforceability of this Contract, the Deed of Trust, the Lease, the
Administrative Agreement or any other documents relating hereto or thereto and the performance
of the County’s obligations hereunder and thereunder.
(g) The Project is essential for improved public education in the County and the
Project will permit the County to carry out public functions that it is authorized by law to
perform.
(h) The County Manager or Finance Director of the County shall include the
Installment Payments and reasonably estimated Additional Payments coming due in each fiscal
year in the corresponding annual budget request and exercise due diligence to have the Board of
Commissioners include funds for the payment thereof in the corresponding final budget of the
County. Any deletion of such funds from the County’s final budget shall be made only pursuant
to an express resolution of the Board of Commissioners which explains the reason for such
action. Subject to applicable law, the actions required of the County and its officers and of the
Board of Commissioners pursuant to this paragraph shall be deemed to be and shall be construed
to impose ministerial duties and it shall be the duty of each and every public official of the
County to take such action and do such things as are required by law in the performance of the
official duty of such official to enable the County to carry out and perform the actions required
pursuant to this paragraph and its other agreements in this Contract. Nothing contained in this
paragraph obligates the County to appropriate the moneys so budgeted or is to be construed to
conflict with the provisions of Article XV.
If within fifteen (15) days after the beginning of any fiscal year the County has not
appropriated funds for the payment of the Installment Payments and reasonably estimated
Additional Payments coming due in such fiscal year in the annual budget for such fiscal year or
if at any time the County amends an annual budget to reduce such funds, then the County shall
send a notice to such effect to the Bank and to the Local Government Commission of North
Carolina to the attention of its Secretary at 325 North Salisbury Street, Raleigh, North Carolina
27603-1385.
(i) There has not been any material change in the County’s financial condition since
the date of the last annual financial statement of the County provided to the Bank.
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(j) The County acknowledges that the Bank has not acted as a financial advisor to the
County with respect to this Contract. The County has not relied on the Bank for any financial
advice.
(k) The County has designated its obligation to repay the Amount Advanced under
this Contract a qualified school construction bond pursuant to Section 54F(a)(3) of the Code and
irrevocably elected on its books and records that Section 6431(f) of the Code will apply to such
obligation.
(l) The County certifies that all applicable State and local law requirements
governing conflicts of interest are satisfied with respect to this Contract. If the Secretary of the
United States Treasury prescribes additional conflicts of interest rules governing the appropriate
members of Congress, federal, State and local officials, and their spouses, the County will
satisfy, or cause to be satisfied, such additional rules with respect to this Contract.
Section 9.2 Representations, Covenants and Warranties of the Bank. The Bank
represents, covenants and warrants to the County as follows:
(a) The Bank is a North Carolina state-chartered bank duly organized, existing and in
good standing under and by virtue of the laws of the State and has the power and authority to
enter into this Contract.
(b) Neither the execution and delivery of this Contract nor the fulfillment of or
compliance with the terms and conditions hereof or thereof, nor the consummation of the
transactions contemplated hereby or thereby, conflicts with or results in a breach of the terms,
conditions or provisions of the organizational documents of the Bank or any restriction or any
agreement or instrument to which the Bank is now a party or by which the Bank is bound.
ARTICLE X
[RESERVED]
ARTICLE XI
INDEMNIFICATION
Section 11.1 Indemnification. To the fullest extent permitted by law and subject to the
provisions of Section 160A-20 of the North Carolina General Statutes, as amended, the County
hereby agrees to indemnify, protect and save the Local Government Commission of North
Carolina, the Bank and the Deed of Trust Trustee and their respective officers, employees,
directors, members and agents (collectively the “Indemnitees”) harmless from all liabilities,
obligations, losses, claims, damages, actions, suits, proceedings, costs and expenses, including
reasonable attorneys’ fees, that (i) arise in tort, in contract, under 42 U.S. Code §1983 or under
the public bidding laws of the State or (ii) arise out of, are connected with, or result, directly or
indirectly, from the Project or any portion thereof, including, without limitation, the
manufacture, selection, acquisition, delivery, possession, condition, construction, improvement,
environmental or other condition, lease, use, operation or return of the Project or any portion
thereof, or the transactions contemplated by this Contract; provided, however, that the right to
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indemnification shall not apply to losses arising from (i) any action taken by any other
Indemnitee and (ii) the exercise of the right of the County not to appropriate moneys for the
payment of Installment Payments. The indemnification arising under this Article shall continue
in full force and effect notwithstanding the payment in full of all obligations under this Contract,
subject only to the remedies allowable under Section 160A-20 of the North Carolina General
Statutes, as amended.
ARTICLE XII
DISCLAIMER OF WARRANTIES
Section 12.1 No Representations by the Bank. The County acknowledges and agrees
that it or the Board of Education has selected or will select the Real Property and the components
of the Project, the vendors of any equipment acquired and the Engineers and contractors for the
acquisition, construction and installation of the Project based on its own judgment and disclaims
any reliance on any statements or representations by the Bank with respect thereto.
Section 12.2 Disclaimer by the Bank. THE BANK MAKES NO WARRANTIES OR
REPRESENTATIONS, EXPRESS OR IMPLIED, AS TO THE CONDITION,
MERCHANTABILITY OR FITNESS FOR A PARTICULAR PURPOSE OF THE PROJECT
OR ANY OTHER REPRESENTATION OR WARRANTY WITH RESPECT TO THE
PROJECT.
ARTICLE XIII
DEFAULT AND REMEDIES
Section 13.1 Definition of Event of Default. The County shall be deemed to be in
default under this Contract upon the happening of any of the following events of default (each,
an “Event of Default”):
(a) The County fails to make any Installment Payment or pay any other amount
hereunder when due.
(b) (i) The County fails to budget and appropriate moneys sufficient to pay all
Installment Payments and the reasonably estimated Additional Payments coming due in any
fiscal year of the County; or (ii) the County deletes from its duly adopted budget any
appropriation for the purposes specified in clause (i) above.
(c) The County fails to perform or observe any term, condition or covenant of this
Contract on its part to be observed or performed, other than as referred to in subparagraph (a) or
(b) above, or of the Deed of Trust on its part to be observed or performed, or breaches any
warranty by the County herein contained, other than as referred to in subparagraph (e) of this
Section, for a period of thirty (30) days after written notice specifying such failure or breach and
requesting that it be remedied has been given to the County by the Bank; provided, however, that
if such failure or breach cannot with due diligence be cured within such thirty (30)-day period
and the County has promptly commenced and diligently worked to cure such failure or breach
within such thirty (30)-day period, the County will have an additional period of ninety (90) days
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to cure such failure or breach and, further, that if such failure or breach cannot with due diligence
be cured within such ninety (90)-day period and the County has diligently continued to work to
cure such failure or breach within such ninety (90)-day period, then, upon consultation with the
Bank as to such matter, the County will have an additional reasonable period of time to cure such
failure or breach as long as the County diligently continues to work to cure such failure or
breach.
(d) Any bankruptcy, insolvency or reorganization proceedings or similar litigation is
instituted by the County, or a receiver, custodian or similar officer is appointed for the County or
any of its property, and such proceedings or appointments are not vacated or fully stayed within
ninety (90) days after the institution or occurrence thereof.
(e) Any warranty, representation or statement made by the County in this Contract,
the Deed of Trust or any other document executed or delivered in connection herewith or
therewith is found to be incorrect or misleading in any material respect on the date made.
(f) An attachment, levy or execution of a security interest or lien is levied on or
against any portion of the Mortgaged Property.
Section 13.2 Remedies on Default. On the occurrence of any Event of Default, the
Bank may exercise any one or more of the following remedies as the Bank, in it sole discretion,
shall elect:
(a) Declare the outstanding principal components of the Installment Payments plus
the interest component of the next due Installment Payment accrued to the date of such
declaration to be immediately due and payable without notice to or demand on the County.
(b) Proceed by appropriate court action to enforce performance by the County of the
applicable covenants of this Contract or to recover for the breach thereof (other than a failure to
pay Installment Payments or any other payment hereunder).
(c) Subject to the provisions of Article XV, exercise all the rights and remedies of a
secured party or creditor under the general laws of the State with respect to the enforcement of
the security interest granted under the Deed of Trust including, without limitation, to the extent
permitted by law, reenter and take possession of the Mortgaged Property without any court order
or other process of law and without liability for entering the premises and sell, lease, sublease or
make other disposition of the same in a commercially reasonable manner for the account of the
County, and apply the proceeds of any such sale, lease, sublease or other disposition, after
deducting all costs and expenses, including court costs and attorneys’ fees, incurred with the
recovery, repair, storage, sale, lease, sublease or other disposition of the Mortgaged Property,
toward the obligations due under this Contract and, thereafter, pay any remaining proceeds to the
County.
(d) Enforce its security interest or direct the Deed of Trust Trustee to institute
foreclosure proceedings under the Deed of Trust and sell the Mortgaged Property.
NOTWITHSTANDING ANY OTHER PROVISIONS IN THIS CONTRACT, IT IS
THE INTENT OF THE PARTIES HERETO TO COMPLY WITH SECTION 160A-20 OF THE
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GENERAL STATUTES OF NORTH CAROLINA, AS AMENDED. NO DEFICIENCY
JUDGMENT MAY BE ENTERED AGAINST THE COUNTY IN FAVOR OF THE BANK IN
VIOLATION OF SECTION 160A-20 OF THE GENERAL STATUTES OF NORTH
CAROLINA, AS AMENDED, INCLUDING, WITHOUT LIMITATION, ANY DEFICIENCY
JUDGMENT FOR AMOUNTS THAT MAY BE OWED UNDER THIS CONTRACT WHEN
THE SALE OF ALL OR ANY PORTION OF THE MORTGAGED PROPERTY IS
INSUFFICIENT TO PRODUCE ENOUGH MONEY TO PAY IN FULL ALL
OUTSTANDING OBLIGATIONS UNDER THIS CONTRACT.
Section 13.3 Further Remedies. Subject to the provisions of Article XV, this Contract
shall remain in full force and effect and the County shall be and remain liable for the full
performance of all its obligations under this Contract. All remedies of the Bank are cumulative
and may be exercised concurrently or separately. The exercise of any one remedy shall not be
deemed an election of such remedy or preclude the exercise of any other remedy.
Section 13.4 Right of Board of Education. The Bank acknowledges that the Board of
Education has the right (but no obligation) to pay any amounts due hereunder on behalf of the
County or to perform any other covenants of the County hereunder, provided that any such right
or the exercise thereof on the part of the Board of Education will not extend the time for payment
or other performance set forth herein.
ARTICLE XIV
ASSIGNMENT
Section 14.1 Assignment by the County. Except as provided in the Deed of Trust, the
County will not sell, assign, lease, sublease, pledge or otherwise encumber or suffer a lien or
encumbrance on or against any interest in this Contract or the Mortgaged Property (except for
the Permitted Encumbrances) without the prior written consent of the Bank.
Section 14.2 Assignment by the Bank. The Bank may, at any time and from time to
time, assign to any bank, insurance company or similar financial institution or to any other entity
or to a trust created to hold a pool of such obligations approved by the Local Government
Commission of North Carolina all or any part of its interest in the Mortgaged Property or this
Contract, including, without limitation, the Bank’s rights to receive the Installment Payments and
any Additional Payments due and to become due hereunder. Reassignment by any assignee may
also only be to a bank, insurance company or similar financial institution or to any other entity
approved by the Local Government Commission of North Carolina. The County agrees that this
Contract may become part of a pool of obligations at the Bank’s or its assignee’s option. The
Bank or its assignees may assign or reassign either the entire pool or any partial interest herein.
Notwithstanding the foregoing, no assignment or reassignment of the Bank’s interest in the
Mortgaged Property or this Contract shall be effective unless and until the County shall receive a
duplicate original counterpart of the document by which such assignment or reassignment is
made disclosing the name and address of each assignee. The County covenants and agrees with
the Bank and each subsequent assignee of the Bank to maintain for the full term of this Contract
a written record of each such assignment or reassignment. The County hereby appoints the Bank
as its agent for the purpose of maintaining any written record in connection with an assignment
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under this Section, and the Bank hereby accepts such appointment. The County agrees to
execute any document reasonably required by the Bank in connection with any assignment.
Notwithstanding any assignment by the Bank of its interest in this Contract, the County shall not
be obligated to provide any financial or other information to any assignee of the Bank except as
set forth in Section 6.10.
After the giving of notice described above to the County, the County shall thereafter
make all payments in accordance with the notice to the assignee named therein and shall, if so
requested, acknowledge such assignment in writing, but such acknowledgement shall in no way
be deemed to make the assignment effective.
The Bank covenants that any disclosure document circulated by it or an assignee in
connection with the sale of the Bank’s rights in this Contract will contain a statement to the
effect that the County has not reviewed and is not responsible for the disclosure document. The
Bank covenants to defend, indemnify and hold harmless the County and its officers, employees
and agents against any and all losses, claims, damages or liabilities, joint or several, including
fees and expenses incurred in connection therewith, to which such indemnified party may
become subject on account of any statement included in a disclosure document, or failure to
include a statement in a disclosure document, unless the County shall have expressly approved
the use of such disclosure document.
ARTICLE XV
LIMITED OBLIGATION OF THE COUNTY
Section 15.1 Limited Obligation of the County. NO PROVISION OF THIS
CONTRACT SHALL BE CONSTRUED OR INTERPRETED AS CREATING A PLEDGE OF
THE FAITH AND CREDIT OF THE COUNTY WITHIN THE MEANING OF ANY
CONSTITUTIONAL DEBT LIMITATION. NO PROVISION OF THIS CONTRACT SHALL
BE CONSTRUED OR INTERPRETED AS CREATING A DELEGATION OF
GOVERNMENTAL POWERS NOR AS A DONATION BY OR A LENDING OF THE
CREDIT OF THE COUNTY WITHIN THE MEANING OF THE CONSTITUTION OF THE
STATE. THIS CONTRACT SHALL NOT DIRECTLY OR INDIRECTLY OR
CONTINGENTLY OBLIGATE THE COUNTY TO MAKE ANY PAYMENTS BEYOND
THOSE APPROPRIATED IN THE SOLE DISCRETION OF THE COUNTY FOR ANY
FISCAL YEAR IN WHICH THIS CONTRACT IS IN EFFECT; PROVIDED, HOWEVER,
THAT ANY FAILURE OR REFUSAL BY THE COUNTY TO APPROPRIATE FUNDS
WHICH RESULTS IN THE FAILURE BY THE COUNTY TO MAKE ANY PAYMENT
COMING DUE UNDER THIS CONTRACT WILL IN NO WAY OBVIATE THE
OCCURRENCE OF THE EVENT OF DEFAULT RESULTING FROM SUCH
NONPAYMENT. NO DEFICIENCY JUDGMENT MAY BE RENDERED AGAINST THE
COUNTY IN ANY ACTION FOR BREACH OF A CONTRACTUAL OBLIGATION UNDER
THIS CONTRACT, AND THE TAXING POWER OF THE COUNTY IS NOT AND MAY
NOT BE PLEDGED DIRECTLY OR INDIRECTLY OR CONTINGENTLY TO SECURE
ANY MONEYS DUE UNDER THIS CONTRACT. NO PROVISION OF THIS CONTRACT
SHALL BE CONSTRUED TO PLEDGE OR TO CREATE A LIEN ON ANY CLASS OR
SOURCE OF THE COUNTY’S MONEYS, NOR SHALL ANY PROVISION OF THIS
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CONTRACT RESTRICT THE FUTURE ISSUANCE OF ANY OF THE COUNTY’S BONDS
OR OBLIGATIONS PAYABLE FROM ANY CLASS OR SOURCE OF THE COUNTY’S
MONEYS. TO THE EXTENT OF ANY CONFLICT BETWEEN THIS ARTICLE AND ANY
OTHER PROVISION OF THIS CONTRACT, THIS ARTICLE SHALL TAKE PRIORITY.
ARTICLE XVI
MISCELLANEOUS
Section 16.1 Waiver. No covenant or condition of this Contract can be waived except
by the written consent of the Bank. Any failure of the Bank to require strict performance by the
County or any waiver by the Bank of any terms, covenants or contracts in this Contract shall not
be construed as a waiver of any other breach of the same or any other term, covenant or contract
in this Contract.
Section 16.2 Severability. If any portion of this Contract is determined to be invalid
under any applicable law, such provision shall be deemed void and the remainder of this
Contract shall continue in full force and effect.
Section 16.3 Governing Law. This Contract shall be construed and governed in
accordance with the laws of the State.
Section 16.4 Notices. Except as provided otherwise in this Contract, any and all
notices, requests, demands and other communications given under or in connection with this
Contract are effective only if in writing and either personally delivered or mailed by registered or
certified mail, postage prepaid, return receipt requested, addressed as follows:
If to the County:
County of Person, North Carolina
304 South Morgan Street, Room 219
Roxboro, North Carolina 27573-5245
Attention: Finance Director
with a copy to:
County of Person, North Carolina
304 South Morgan Street, Room 212
Roxboro, North Carolina 27573-5245
Attention: County Manager
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If to the Bank:
Branch Banking and Trust Company
BB&T Governmental Finance
Attention: Account Administration/Municipal
Re: Person County Agreement Notice
5130 Parkway Plaza Boulevard
Building 9
Charlotte, North Carolina 28217
The County and the Bank may, by written notice to the other, designate any further or
different addresses to which subsequent notices, requests, demands and other communications
shall be sent.
Section 16.5 Section Headings. All section headings contained in this Contract are for
convenience of reference only and are not intended to define or limit the scope of any provision
of this Contract.
Section 16.6 Entire Contract. This Contract, together with the schedules and exhibits
hereto, constitutes the entire agreement between the parties and this Contract shall not be
modified, amended, altered or changed except as the County and the Bank may subsequently
agree in writing.
Section 16.7 Binding Effect. Subject to the specific provisions of this Contract, this
Contract is binding on and inures to the benefit of the parties and their respective successors and
assigns (including expressly any successor of the Bank).
Section 16.8 Time. Time is of the essence of this Contract and each and all of its
provisions.
Section 16.9 If Payment or Performance Date Not a Business Day. If the date for
making payment, or the last date for performance of any act or the exercising of any right, as
provided in this Contract, is not a Business Day, such payment may be made or act performed or
right exercised on the next succeeding Business Day, with the same force and effect as if done on
the nominal date provided in this Contract, and no interest shall accrue for the period after such
nominal date.
Section 16.10 Covenants of County not Covenants of Officials Individually. No
covenant, stipulation, obligation or agreement contained in this Contract shall be deemed to be a
covenant, stipulation, obligation or agreement of any present or future member, agent or
employee of the Board of Commissioners or the County in his individual capacity, and neither
the members of the Board of Commissioners nor any other officer of the Board of
Commissioners or the County shall be subject to any personal liability or accountability by
reason of the execution and delivery of this Contract. No member of the Board of
Commissioners or any agent or employee of the County shall incur any personal liability in
acting or proceeding or in not acting or not proceeding, in good faith, reasonably and in
accordance with the terms of this Contract.
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Section 16.11 Execution in Counterparts. This Contract may be executed in any number
of counterparts, each of which shall be an original and all of which shall constitute but one and
the same instrument.
Section 16.12 Proposal Letter. The terms of this Contract shall supersede the terms of
the proposal letter from the Bank to the County dated August 1, 2012 and any amendments
thereof or supplements thereto, as accepted by the County on August 7, 2012. To the extent of
any conflict between this Contract and such proposal letter, this Contract will take priority.
IN WITNESS WHEREOF, the parties hereto have caused this Contract to be executed by
their duly authorized officers as of the day and year first above written.
COUNTY OF PERSON, NORTH CAROLINA
[SEAL] By: ____________________________________
Jimmy B. Clayton
Chairman of the Board of Commissioners
for the County
ATTEST:
_____________________________
Brenda B. Reaves
Clerk to the Board of Commissioners
for the County
[Signatures Continued on the Following Page]
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[Counterpart Signature Page to the Installment Financing Contract,
dated September 20, 2012, between Branch Banking and Trust Company
and the County of Person, North Carolina]
BRANCH BANKING AND TRUST COMPANY
By: ____________________________________
Alison W. Peeler
Senior Vice President
[Signatures Continued on the Following Page]
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[Counterpart Signature Page to the Installment Financing Contract,
dated September 20, 2012, between Branch Banking and Trust Company
and the County of Person, North Carolina ]
THIS CONTRACT HAS BEEN APPROVED UNDER
THE PROVISIONS OF SECTION 159-152 OF THE
GENERAL STATUTES OF NORTH CAROLINA, AS AMENDED
By: ___________________________________
T. Vance Holloman
Secretary of the Local Government
Commission of North Carolina
246
PAYMENT SCHEDULE
Installment
Payment Date
Principal
Component
Interest
Component
Total
Installment
Payment
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247
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Unless otherwise instructed by the Bank, the County shall wire funds in amounts equal to
the interest components of the Installment Payments to:
Branch Banking and Trust Company
BB&T Governmental Finance
223 West Nash Street
Wilson, NC 27893-3801
ABA # 053101121
Account # 5214994315
Each wire ticket is to include:
Customer Name: County of Person, North Carolina
Customer Contract Number: __________
248
EXHIBIT A
DESCRIPTION OF THE PROJECT
The Project consists of the repair or replacement of roofs at Southern Middle School and
Person High School.
Southern Middle School is located at 209 Southern Middle School Road, Roxboro, North
Carolina 27573.
Person High School is located at 1010 Ridge Road, Roxboro, North Carolina 27573.
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EXHIBIT B
DESCRIPTION OF THE REAL PROPERTY
The Real Property consists of a tract or parcel of land described as follows:
Lying and being in the City of Roxboro, Roxboro Township, Person County, North Carolina and
being all of what is shown and designated as Parcel 1, containing 19.57 acres on that plat of
survey entitled “PERSON COUNTY BOARD OF EDUCATION – SOUTHERN JUNIOR
HIGH SCHOOL”, surveyed by E. B. Wood Land Surveying, P.C., Ernest B. Wood, Jr., RLS,
dated September, 1989 and of record in Plat Cabinet 5, Hanger 769, Person County Registry,
which plat is hereby specifically incorporated by reference herein for greater certainty of
description.
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EXHIBIT C
PROJECT FUND REQUISITION
[To be Prepared on County’s Letterhead for Submission]
[Date] _________________
Ms. Trina Britt
Project Specialist
BB&T Government Finance
tmbritt@bbandt.com
direct dial: 704-954-1873
fax: 704-954-1799
E-mail requisitions to: GFProjectfunds@bbandt.com
RE: Request for disbursement of funds from the Project Fund related to an Installation
Financing Contract (BB&T Contract No. ______________) with Person County,
North Carolina, dated September 20, 2012
Dear Ms. Britt:
Pursuant to the terms and conditions of the Installment Financing Contract, dated
September 20, 2012, between the County of Person, North Carolina (the “County”) and Branch
Banking and Trust Company (the “Contract”), the County hereby requests the disbursement of
funds to the County from the Project Fund established under the Contract for the costs described
below, each of which is a Cost of the Project. Terms used herein but not defined herein shall
have the meanings given to such terms in the Contract.
This is requisition number _____ for funds from the Project Fund.
Amount:
Vendor:
Vendor Address:
Vendor Federal Tax Number:
Applicable Vendor Invoices:
Project Description: Repair or replacement of roofs at Southern Middle School and
Person High School, as more particularly described in Exhibit A to the Contract.
Location of Facilities: The Project is located on two sites as described in Exhibit A to
the Contract.
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The County makes this requisition pursuant to the following representations:
1. The County has appropriated in its current fiscal year funds sufficient to pay the
Installment Payments and estimated Additional Payments due in the current fiscal year.
2. The purpose of this request for disbursement is for partial payment of the costs of
the Project provided for under the Contract.
3. The requested disbursement has not been subject to any previous requisition.
4. No notice of any lien, right to lien or attachment upon, or claim affecting the right
to receive payment of, any of the moneys payable herein to any of the persons, firms or
corporations named herein has been received or, if any notice of any such lien, attachment or
claim has been received, such lien, attachment or claim has been released or discharged or will
be released or discharged upon payment of this requisition.
5. To the best of my knowledge, no Event of Default is continuing under the
Contract, and no event or condition is existing which, with notice or lapse of time or both, would
become an Event of Default.
6. The County has in place insurance on the Project that complies with the insurance
provisions of the Contract.
7. Each amount requested for payment in this requisition either (a) represents
reimbursement to the County for a Cost of the Project previously paid, or (b) will be used by the
County within three Business Days of the receipt of funds from the Bank to make the payments
to the third parties described in this requisition.
Attached is evidence that the amounts shown in this requisition are properly payable at
this time, such as bills, receipts, invoices, architects’ payment certifications or other appropriate
documents.
COUNTY OF PERSON, NORTH CAROLINA
By:
Printed name:
Title:
252
DEED OF TRUST AND SECURITY AGREEMENT
Prepared by: Return to:
Gundars Aperans, Esq. F. Louis Loyd, III
Robinson, Bradshaw & Hinson, P.A. Senior Vice President
101 North Tryon Street, Suite 1900 Branch Banking and Trust Company
Charlotte, North Carolina 28246 5130 Parkway Plaza Boulevard
Building 9
Charlotte, North Carolina 28217
STATE OF NORTH CAROLINA
COUNTY OF PERSON
(COLLATERAL IS OR INCLUDES FIXTURES)
This DEED OF TRUST AND SECURITY AGREEMENT, made and entered into this
20th day of September 2012 (this “Deed of Trust”), from the COUNTY OF PERSON, NORTH
CAROLINA, a body corporate and politic and a political subdivision of the State of North
Carolina, whose address is 304 South Morgan Street, Room 219, Roxboro, North Carolina
27573-5245, Attention: Finance Director and whose organization number is 56 - 6000321, as
grantor (the “Grantor”), to F. Louis Loyd, III, whose address is 5130 Parkway Plaza Boulevard,
Building 9, Charlotte, North Carolina 28217, as trustee (the “Trustee”), for the benefit of
BRANCH BANKING AND TRUST COMPANY, a North Carolina state-chartered bank, duly
organized and existing under the laws of the State of North Carolina, whose address is BB&T
Governmental Finance, Attention: Account Administration/Municipal, Re: Person County
Agreement Notice, 5130 Parkway Plaza Boulevard, Building 9, Charlotte, North Carolina 28217
(the “Bank” and, together with its successors and assigns, the “Beneficiary”);
W I T N E S S E T H:
WHEREAS, the Grantor and the Bank have entered into an Installment Financing
Contract dated as of even date herewith (the “Installment Financing Contract”), pursuant to
which (i) the Bank has agreed to advance certain moneys to enable the Grantor to finance a
portion of the cost of the Project (as defined in the Installment Financing Contract) and (ii) the
Grantor has agreed to make the Installment Payments and Additional Payments (as each such
term is defined in the Installment Financing Contract) to the Bank;
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WHEREAS, this Deed of Trust has been executed and delivered to secure (i) the
obligations of the Grantor to make the Installment Payments and Additional Payments and
(ii) the performance of all of the other liabilities and obligations, whether now existing or
hereafter arising, of the Grantor to the Bank under the Installment Financing Contract (all such
obligations and liabilities described in (i) or (ii) above being hereinafter collectively called the
“Indebtedness”); and
WHEREAS, the Grantor desires to secure (i) the payment of the Indebtedness and any
renewals, modifications or extensions thereof, in whole or in part, and (ii) the additional
payments hereinafter agreed to be made by or on behalf of the Grantor, by a conveyance of the
lands and security interests hereinafter described;
NOW, THEREFORE, in consideration of the above preambles and for the purposes
aforesaid, and in further consideration of the sum of Ten Dollars ($10.00) paid to the Grantor by
the Trustee and other valuable consideration, receipt of which is hereby acknowledged, the
Grantor has given, granted, bargained, sold and conveyed, and by these presents does give, grant,
bargain, sell and convey, unto the Trustee, its heirs, successors and assigns, the following
property (collectively the “Premises”):
(a) The real property lying and being in the County of Person, North Carolina
and described below in the legal description attached as Exhibit A hereto (collectively the
“Real Property”):
SEE EXHIBIT A ATTACHED HERETO FOR THE REAL
PROPERTY DESCRIPTION, WHICH EXHIBIT A IS
SPECIFICALLY INCORPORATED HEREIN BY REFERENCE.
(b) All buildings, structures, additions and other improvements of every
nature whatsoever now or hereafter situated on or about the Real Property (collectively
the “Improvements”).
(c) All gas and electric fixtures, radiators, heaters, engines and machinery,
boilers, ranges, elevators and motors, plumbing and heating fixtures, carpeting and other
floor coverings, fire extinguishers and any other safety equipment required by
governmental regulation or law, washers, dryers, water heaters, mirrors, mantels, air
conditioning apparatus, refrigerating plants, refrigerators, cooking apparatus and
appurtenances, window screens, awnings and storm sashes and other machinery,
equipment or other tangible personal property, which are or shall be so attached to the
Improvements, including all extensions, additions, improvements, betterments, renewals,
replacements and substitutions, or proceeds from a permitted sale of any of the foregoing,
as to be deemed to be fixtures under North Carolina law (collectively the “Fixtures”) and
accessions to the Real Property and a part of the Premises as between the parties hereto
and all persons claiming by, through or under them, and which shall be deemed to be a
portion of the security for the Indebtedness. The location of the collateral described in
this paragraph is also the location of the Real Property, and the record owner of the Real
Property is the Grantor.
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(d) All easements, rights-of-way, strips and gores of land, vaults, streets,
ways, alleys, passages, sewer rights, waters, water courses, water rights and powers,
minerals, flowers, shrubs, crops, trees, timber and other emblements now or hereafter
located on the Real Property or under or above the same or any part or parcel thereof, and
all estates, rights, titles, interests, privileges, liberties, tenements, hereditaments and
appurtenances, reversion and reversions, remainder and remainders, whatsoever, in any
way belonging, relating or appertaining to the Premises or any part thereof, or which
hereafter shall in any way belong, relate or be appurtenant thereto, whether now owned or
hereafter acquired by the Grantor.
(e) All leases affecting the Premises or any part thereof and all income, rents
and issues of the Premises and the Improvements now or hereafter located thereon from
time to time accruing (including without limitation all payments under leases or
tenancies, proceeds of insurance, condemnation payments, tenant security deposits
whether held by the Grantor or in a trust account, and escrow funds), and all the estate,
right, title, interest, property, possession, claim and demand whatsoever at law, as well as
in equity, of the Grantor of, in and to the same; reserving only the right to the Grantor to
collect and apply the same so long as the Grantor is not in Default hereunder.
SUBJECT, HOWEVER, to such of the Permitted Encumbrances (as defined in
Exhibit B hereto and specifically incorporated herein by reference) as are superior to the security
created by this Deed of Trust and excluding all data processing or telecommunications
equipment, all mobile or modular classrooms, all other property excluded from the lien or
security interest of the Bank under the Installment Financing Contract and all property released
pursuant to the provisions of the Installment Financing Contract or this Deed of Trust.
TO HAVE AND TO HOLD, the Premises unto the Trustee, its heirs, successors and
assigns, in fee simple forever, upon the trusts, terms and conditions and for the uses and purposes
hereinafter set out;
And the Grantor covenants with the Trustee that the Grantor is lawfully seized of the
Premises in fee simple and has the right to convey the same in fee simple; that, except for
Permitted Encumbrances, the same are free and clear of all encumbrances, and that the Grantor
will warrant and defend the title to the same against the claims of all persons whomsoever arising
by, under or through the Grantor.
THIS CONVEYANCE IS MADE UPON THIS SPECIAL TRUST that, if the Grantor
shall pay the Indebtedness in accordance with the terms of the Installment Financing Contract,
together with interest thereon, and any renewals or extensions thereof in whole or in part, and
shall comply with all the covenants, terms and conditions of this Deed of Trust, then this
conveyance shall be null and void and may be cancelled of record at the request of the Grantor.
THIS DEED OF TRUST secures an obligation incurred for the construction of an
improvement on the real property covered hereby and as such constitutes a “construction
mortgage” under Section 25-9-334 of the General Statutes of North Carolina.
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TO PROTECT THE SECURITY OF THIS DEED OF TRUST, the Grantor hereby
further covenants and agrees as follows:
ARTICLE I
Section 1.1 Payment of Indebtedness. The Grantor will pay the Indebtedness and all
other sums now or hereafter secured hereby promptly as the same shall become due as provided
in the Installment Financing Contract and as permitted by law.
Section 1.2 Taxes, Liens and Other Charges.
(a) The Grantor will pay, or cause to be paid, before the same become delinquent, all
taxes, liens, assessments and charges of every character including all utility charges, whether
public or private, already levied or assessed or that may hereafter be levied or assessed upon or
against the Premises; and will furnish the Beneficiary, on or before the final date whereon the
same can be paid without penalty, evidence of the due and punctual payment of all such taxes,
liens, assessments and charges. Nothing contained herein shall require the payment or discharge
of any such tax, lien, assessment or charge by the Grantor for so long as the Grantor shall in
good faith and at its own expense contest the same or the validity thereof by appropriate legal
proceedings provided that such proceedings shall prevent (i) the collection thereof or other
realization thereof and the sale or forfeiture of the Premises or any part thereof to satisfy the
same or (ii) the enforcement thereof, against the Grantor, the Trustee, the Beneficiary and the
Premises and so long as the Grantor first deposits with the Beneficiary in escrow such sums or
other security as the Beneficiary may reasonably require to assure Beneficiary of the availability
of sufficient monies to pay such tax, lien, assessment or charge if and when the same is finally
determined to be due.
(b) The Grantor will not suffer any mechanic’s, materialman’s, laborer’s, statutory or
other lien to be created and to remain outstanding upon all or any part of the Premises. The
Grantor shall be entitled to discharge such liens by bonds or to contest any such liens pursuant to
the same procedure as the Grantor is entitled to contest taxes in the preceding subsection 1.2(a).
Section 1.3 Insurance. The Grantor shall obtain and maintain, or cause to be obtained
and maintained, during the term of this Deed of Trust the insurance coverage specified in the
Installment Financing Contract.
The net proceeds from any related insurance policy or policies shall be applied as
provided in the Installment Financing Contract. The Beneficiary shall not be held responsible
for any failure to collect any insurance proceeds due under the terms of any policy regardless of
the cause of such failure if it has complied with Section 8.4 of the Installment Financing
Contract.
In the event of the foreclosure of this Deed of Trust or any other transfer of title to the
Premises in extinguishment of the Indebtedness secured hereby, all right, title and interest of the
Grantor or the Board of Education (as defined in the Installment Financing Contract) in and to all
insurance policies then in force shall pass to the purchaser or Beneficiary, as appropriate.
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Section 1.4 Condemnation. Any award for the taking of, or damage to, all or any
part of the Premises or any interest therein upon the lawful exercise of the power of eminent
domain shall be payable and applied as provided in the Installment Financing Contract. The
Grantor shall give immediate notice to the Bank of the institution of any action or proceeding to
condemn any part of the Premises or any interest therein of which the Grantor receives notice.
Section 1.5 Care of Premises.
(a) The Grantor will keep or cause the Board of Education to keep the buildings,
parking areas, roads and walkways, recreational facilities, landscaping and all other
Improvements of any kind now or hereafter erected on the Real Property or any part thereof in
good condition and repair (ordinary wear and tear excepted), will not commit or suffer any
waste, and will not do or suffer to be done anything which will increase the risk of fire or other
hazard to the Premises or any part thereof.
(b) Except in the ordinary course of its business or as provided in Section 6.1 of the
Installment Financing Contract, the Grantor will not remove, demolish or alter or permit to be
removed, demolished or altered the structural character of any Improvement located on the Real
Property or any Fixture without the prior written consent of the Beneficiary.
(c) If the Premises or any part thereof is damaged by fire or any other cause, the
Grantor will give immediate notice thereof to the Beneficiary and the Trustee.
(d) Upon reasonable prior notice to the Grantor or the Board of Education, as may be
applicable, the Beneficiary or its representative is hereby authorized to enter upon and inspect
the Premises at any time during normal business hours. The Beneficiary agrees that any
confidential information about the Grantor or the Board of Education obtained in the exercise of
its rights under this subsection shall, except as otherwise required by law or regulation applicable
to the Beneficiary, be maintained in a confidential manner and shall be used by the Beneficiary
only for the protection of its rights and interests hereunder.
(e) The Grantor will comply promptly or cause the Board of Education to comply
promptly with all present and future laws, ordinances, rules and regulations of any governmental
authority (including, but not limited to, all environmental and ecological laws and regulations)
affecting the Premises or any part thereof.
Section 1.6 Leases Affecting Premises. The Beneficiary hereby approves the Lease
(as defined in the Installment Financing Contract), and the Board of Education may sublease any
portion of the Premises as provided in the Installment Financing Contract.
Section 1.7 Security Agreement and Financing Statement. With respect to the
Fixtures, this Deed of Trust is hereby made and declared to be a security agreement in favor of
the Beneficiary encumbering each and every item of such property included herein as a part of
the Premises, and the Grantor hereby grants a security interest to the Beneficiary in and to all of
such Fixtures. Upon request by the Beneficiary, at any time and from time to time, a financing
statement or statements reciting this Deed of Trust to be a security agreement affecting all of
such property shall be executed by the Grantor and the Beneficiary and filed in accordance with
the provisions of the Uniform Commercial Code as enacted in the State of North Carolina
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applicable to the perfection of security interests by filing financing statements thereunder. The
remedies for any violation of the covenants, terms and conditions of the security agreement
contained in this Deed of Trust shall be (i) as prescribed herein or (ii) as prescribed by general
law, at the Beneficiary’s sole election.
This Deed of Trust shall constitute a financing statement filed as a fixture filing in
accordance with Section 25-0-502 of the North Carolina General Statutes (or any amendment
thereto). For these purposes, the Grantor is the “debtor,” the Beneficiary is the “secured party”
and the Fixtures are the “collateral.”
Section 1.8 Further Assurances. At any time, and from time to time, upon request
by the Beneficiary, the Grantor will make, execute and deliver or cause to be made, executed and
delivered, to the Beneficiary and/or the Trustee and, where appropriate, cause to be recorded
and/or filed and from time to time thereafter to be re-recorded and/or refiled at such time and in
such offices and places as shall be deemed desirable by the Beneficiary, any and all such other
and further deeds of trust, security agreements, financing statements, continuation statements,
instruments of further assurance, certificates and other documents as may, in the opinion of the
Beneficiary, be necessary or desirable in order to effectuate, complete, or perfect, to continue and
preserve or to give notice of (a) the obligations of the Grantor under the Installment Financing
Contract or this Deed of Trust and (b) the lien of this Deed of Trust as a first and prior lien,
subject to Permitted Encumbrances, upon and security title in and to all of the Premises, whether
now owned or hereafter acquired by the Grantor. Upon any failure by the Grantor so to do, the
Beneficiary may make, execute, record, file, re-record and/or refile any and all such deeds of
trust, security agreements, financing statements, continuation statements, instruments,
certificates, and documents for and in the name of the Grantor and the Grantor hereby
irrevocably appoints the Beneficiary as its agent and attorney-in-fact to do so.
Section 1.9 Expenses. The Grantor will pay or reimburse the Beneficiary and the
Trustee, upon demand therefor, for all reasonable attorneys’ fees, costs and expenses actually
incurred by the Beneficiary and the Trustee in any suit, action, legal proceeding or dispute of any
kind in which the Beneficiary and/or the Trustee is made a party or appears as party plaintiff or
defendant, affecting the Indebtedness secured hereby, this Deed of Trust or the interest created
herein, or the Premises, including, but not limited to, the exercise of the power of sale contained
in this Deed of Trust, any condemnation action involving the Premises or any action to protect
the security hereof, but excepting therefrom any negligence or willful misconduct by the
Beneficiary or any breach of this Deed of Trust by the Beneficiary; and all such amounts paid by
the Beneficiary shall be added to the Indebtedness.
Section 1.10 Estoppel Affidavits. The Grantor upon ten (10) days’ prior written
notice, shall furnish the Beneficiary a written statement, duly acknowledged, setting forth the
unpaid principal of, and interest on, the Indebtedness and whether or not any offsets or defenses
exist against the payment of such principal and interest.
Section 1.11 Subrogation. The Beneficiary shall be subrogated to the claims and liens
of all parties whose claims or liens are discharged or paid with the proceeds of the Indebtedness.
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Section 1.12 Books, Records, Accounts and Annual Reports. The Grantor will keep
and maintain or will cause to be kept and maintained proper and accurate books, records and
accounts relating to the Premises. The Beneficiary shall have the right from time to time at all
times during normal business hours to examine such books, records and accounts at the office of
the Grantor or such other person or entity maintaining such books, records and accounts and to
make copies or extracts thereof as the Beneficiary shall desire.
Section 1.13 Limit of Validity. If from any circumstances whatsoever fulfillment of
any obligation pursuant to any provision of this Deed of Trust or the Installment Financing
Contract, at the time performance of such obligation shall be due, shall involve transcending the
limit of validity presently prescribed by any applicable usury statute or any other applicable law,
with regard to obligations of like character and amount, then ipso facto the obligation to be
fulfilled shall be reduced to the limit of such validity, so that in no event shall any exaction be
possible under this Deed of Trust or the Installment Financing Contract that is in excess of the
current limit of such validity, but such obligation shall be fulfilled to the limit of such validity.
Section 1.14 Changes in Ownership. The Grantor hereby acknowledges to the
Beneficiary that (a) the identity and expertise of the Grantor were and continue to be material
circumstances upon which the Beneficiary has relied in connection with, and which constitute
valuable consideration to the Beneficiary for, the extending to the Grantor of the Indebtedness
and (b) any change in such identity or expertise could materially impair or jeopardize the
security for the payment of the Indebtedness granted to the Beneficiary by this Deed of Trust.
The Grantor therefore covenants and agrees with the Beneficiary, as part of the consideration for
the extending to the Grantor of the Indebtedness, that the entire Indebtedness shall, at the option
of the Beneficiary, become immediately due and payable, should the Grantor further encumber,
pledge, convey, transfer or assign any or all of its interest in the Premises or any portion thereof
without the prior written consent of the Beneficiary or except as otherwise permitted herein or in
the Installment Financing Contract.
Section 1.15 Use and Management of the Premises. The Grantor shall not alter or
change the use of the Premises or abandon the Premises without the prior written consent of the
Beneficiary or except as otherwise permitted herein or in the Installment Financing Contract.
Section 1.16 Acquisition of Collateral. The Grantor shall not acquire any portion of
the personal property, if any, covered by this Deed of Trust, subject to any security interest,
conditional sales contract, title retention arrangement or other charge or lien taking precedence
over the security title and lien of this Deed of Trust without the prior written consent of the
Beneficiary.
Section 1.17 Hazardous Material.
(a) The Grantor represents, warrants and agrees that, except as previously disclosed
to the Bank in writing: (i) the Grantor has not used or installed any Hazardous Material (as
hereinafter defined) in violation of applicable Environmental Laws (as hereinafter defined) on,
from or in the Premises and, to the best of the Grantor’s actual knowledge, no other person has
used or installed any Hazardous Material on, from or in the Premises; (ii) to the best of the
Grantor’s actual knowledge, no other person has violated any applicable Environmental Laws
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relating to or affecting the Premises; (iii) to the best of the Grantor’s actual knowledge, the
Premises are presently in compliance with all applicable Environmental Laws, and there are no
facts or circumstances presently existing upon or under the Premises, or relating to the Premises,
which may violate any applicable Environmental Laws, and there is not now pending or
threatened any action, suit, investigation or proceeding against the Grantor or the Premises (or
against any other party relating to the Premises) seeking to enforce any right or remedy against
the Grantor or the Premises under any of the Environmental Laws; (iv) the Premises shall be kept
free of Hazardous Materials to the extent required by applicable Environmental Laws, and shall
not be used to generate, manufacture, refine, transport, treat, store, handle, dispose, transfer,
produce, or process Hazardous Materials, except as a necessary incident to the normal operation
and maintenance of the Premises by the Board of Education as public school facilities and in
connection with acquisition, construction and installation of the Project (as defined in the
Installment Financing Contract) and any additional Improvements on the Real Property; (v) the
Grantor shall not cause or permit the installation of Hazardous Materials in, on, over or under the
Premises or a Release (as hereinafter defined) of Hazardous Materials unto or from the Premises
or suffer the presence of Hazardous Materials in, on, over or under the Premises in violation of
applicable Environmental Laws; (vi) the Grantor shall comply or cause the Board of Education
to comply with Environmental Laws applicable to the Premises, all at no cost or expense to the
Beneficiary or the Trustee; (vii) the Grantor or the Board of Education has obtained and the
Grantor will at all times continue to obtain and/or maintain or cause the Board of Education to
continue to obtain and/or maintain all licenses, permits and/or other governmental or regulatory
actions necessary for the Premises to comply with applicable Environmental Laws (the
“Permits”) and the Grantor will be and at all times remain or cause the Board of Education to be
and at all times remain in full compliance with the terms and provisions of the Permits; (viii) to
the best of the Grantor’s actual knowledge, there has been no Release of any Hazardous
Materials on or from the Premises in violation of applicable Environmental Laws, whether or not
such Release emanated from the Premises or any contiguous real estate, which has not been
abated and any resulting violation of applicable Environmental Laws abated; (ix) the Grantor
shall immediately give or cause the Board of Education to give the Beneficiary oral and written
notice in the event that the Grantor receives any notice from any governmental agency, entity, or
any other party with regard to Hazardous Materials on, from or affecting the Premises and the
Grantor shall conduct and complete or cause the Board of Education to conduct and complete all
investigations, studies, sampling, and testing, and all remedial, removal, and other actions
necessary to clean up and remove all Hazardous Materials on, from or affecting the Premises in
accordance with all applicable Environmental Laws.
(b) To the extent permitted by law and subject to the provisions of Section 160A-20
of the General Statutes of North Carolina, as amended (“G.S. § 160A-20”), the Grantor hereby
agrees to indemnify the Beneficiary and the Trustee and hold the Beneficiary and the Trustee
harmless from and against any and all liens, demands, defenses, suits, proceedings,
disbursements, liabilities, losses, litigation, damages, judgments, obligations, penalties, injuries,
costs, expenses (including, without limitation, reasonable attorneys’ and experts’ fees) and
claims of any and every kind whatsoever paid, incurred, suffered by, or asserted against the
Beneficiary, the Trustee and/or the Premises for, with respect to, or as a direct or indirect result
of: (i) the presence of Hazardous Materials in, on or under the Premises, or the escape, seepage,
leakage, spillage, discharge, emission or Release on or from the Premises of any Hazardous
Materials regardless of whether or not caused by or within the control of the Grantor; (ii) the
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violation of any Environmental Laws applicable to the Premises or the Grantor, whether or not
caused by or within the control of the Grantor; (iii) the failure by the Grantor to comply fully
with the terms and provisions of this Section; (iv) the violation of any of the Environmental
Laws in connection with any other property owned by the Grantor, which violation gives or may
give rise to any rights whatsoever in any party with respect to the Premises by virtue of any of
the Environmental Laws, whether or not such violation is caused by or within the control of the
Grantor; or (v) any warranty or representation made by the Grantor in subsection (a) of this
Section being false or untrue in any material respect.
(c) In the event the Beneficiary has a reasonable basis to suspect that the Grantor has
violated any of the covenants, warranties, or representations contained in this Section, or that the
Premises are not in compliance with the applicable Environmental Laws for any reason, the
Grantor shall take such steps as the Beneficiary reasonably requires by notice to the Grantor in
order to confirm or deny such occurrences, including, without limitation, the preparation of
environmental studies, surveys or reports. In the event that the Grantor fails to take such action,
the Beneficiary may take such action as the Beneficiary reasonably believes necessary to protect
its interest, and the cost and expenses of all such actions taken by the Beneficiary, including,
without limitation, the Beneficiary’s reasonable attorneys’ fees, shall be added to the
Indebtedness.
(d) For purposes of this Deed of Trust: (i) ”Hazardous Material” or “Hazardous
Materials” means and includes, without limitation, (a) solid or hazardous waste, as defined in the
Resource Conservation and Recovery Act of 1980, or in any applicable state or local law or
regulation, (b) hazardous substances, as defined in the Comprehensive Environmental Response,
Compensation and Liability Act of 1980 (“CERCLA”), or in any applicable state or local law or
regulation, (c) gasoline, or any other petroleum product or by-product, (d) toxic substances, as
defined in the Toxic Substances Control Act of 1976, or in any applicable state or local law or
regulation or (e) insecticides, fungicides, or rodenticides, as defined in the Federal Insecticide,
Fungicide, and Rodenticide Act of 1975, or in any applicable state or local law or regulation, as
each such Act, statute or regulation may be amended from time to time; (ii) ”Release” shall have
the meaning given such term in the Environmental Laws, including, without limitation, Section
101(22) of CERCLA; and (iii) ”Environmental Law” or “Environmental Laws” shall mean any
“Super Fund” or “Super Lien” law, or any other federal, state or local statute, law, ordinance or
code, regulating, relating to or imposing liability or standards of conduct concerning any
Hazardous Materials as may now or at any time hereafter be legally in effect, including, without
limitation, the following, as same may be amended or replaced from time to time, and all
regulations promulgated and officially adopted thereunder or in connection therewith: the Super
Fund Amendments and Reauthorization Act of 1986 (“SARA”); CERCLA; The Clean Air Act
(“CAA”); the Clean Water Act (“CWA”); The Toxic Substance Control Act (“TSCA”); the Solid
Waste Disposal Act (“SWDA”), as amended by the Resource Conservation and Recovery Act
(“RCRA”); the Hazardous Waste Management System; and the Occupational Safety and Health
Act of 1970 (“OSHA”). The obligations and liabilities of the Grantor under this Section which
arise out of events or actions occurring prior to the satisfaction of this Deed of Trust shall survive
the exercise of the power of sale under or foreclosure of this Deed of Trust, the delivery of a
deed in lieu of foreclosure of this Deed of Trust, the cancellation or release of record of this
Deed of Trust, and/or the payment in full of the Indebtedness.
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(e) The parties expressly agree that an event under the provisions of this Section
which may be deemed to be a default under this Deed of Trust shall not be a default until the
Grantor has received notice of such event. Further, in terms of compliance with future
governmental laws, regulations or rulings applicable to environmental conditions, the Grantor
shall be permitted to afford itself of any defense or other protection against the application or
enforcement of any such law, regulation or ruling.
ARTICLE II
Section 2.1 Events of Default. The terms “Default”, “Event of Default” or “Events of
Default”, wherever used in this Deed of Trust, shall mean any one or more of the following
events:
(a) Failure by the Grantor to pay when due, any Installment Payment as required by
the Installment Financing Contract or by this Deed of Trust.
(b) Failure by the Grantor to duly observe or perform after notice and lapse of any
applicable grace period any other term, covenant, condition or agreement of this Deed of Trust.
(c) Any warranty of the Grantor contained in this Deed of Trust proves to be untrue
or misleading in any material respect.
(d) The occurrence of any “Event of Default” under the Installment Financing
Contract.
Section 2.2 Acceleration upon Default, Additional Remedies. In the event an Event
of Default shall have occurred and is continuing, the Beneficiary may declare all Indebtedness to
be due and payable and the same shall thereupon become due and payable without any
presentment, demand, protest or notice of any kind. Thereafter, the Beneficiary may take any
one or more of the following actions:
(a) Either in person or by agent, with or without bringing any action or proceeding, or
by a receiver appointed by a court as hereinafter provided and without regard to the adequacy of
its security, enter upon and take possession of the Premises, or any part thereof, in its own name
or in the name of the Trustee, and do any acts which it deems necessary or desirable to preserve
the value, marketability or rentability of the Premises, or part thereof or interest therein, increase
the income therefrom or protect the security hereof, and, with or without taking possession of the
Premises, sue for or otherwise collect the rents and issues thereof, including those rents and
issues past due and unpaid, and apply the same, less costs and expenses of operation and
collection including attorney’s fees, upon any Indebtedness, all in such order as the Beneficiary
may determine. The entering upon and taking possession of the Premises, the collection of such
rents and issues and the application thereof as aforesaid, shall not cure or waive any Event of
Default or notice of Event of Default hereunder or invalidate any act done in response to such
Default or pursuant to such notice of Default and notwithstanding the continuance in possession
of the Premises or the collection, receipt and application of rents and issues, the Trustee or the
Beneficiary shall be entitled to exercise every right provided for in any instrument securing or
relating to the Indebtedness or by law upon occurrence of any Event of Default, including the
right to exercise the power of sale.
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(b) Commence an action to foreclose this Deed of Trust as a mortgage, appoint a
receiver as hereinafter provided, specially enforce any of the covenants hereof, or cause the
Trustee to foreclose this Deed of Trust by power of sale.
(c) Exercise any or all of the remedies available to a secured party under any
applicable laws.
Notwithstanding any provision to the contrary in this Deed of Trust, no deficiency
judgment may be rendered against the Grantor in any action to collect any of the Indebtedness
secured by this Deed of Trust in violation of G.S. § 160A-20, including, without limitation, any
deficiency judgment for amounts that may be owed under the Installment Financing Contract or
this Deed of Trust when the sale of all or any portion of the Premises is insufficient to produce
enough money to pay in full all remaining Indebtedness under the Installment Financing
Contract or this Deed of Trust, and the taxing power of the Grantor is not and may not be
pledged directly or indirectly or contingently to secure any moneys due or secured under this
Deed of Trust.
Section 2.3 Foreclosure by Power of Sale. Should the Beneficiary elect to foreclose
by exercise of the power of sale herein contained, the Beneficiary shall notify the Trustee and
shall deposit with the Trustee this Deed of Trust and such receipts and evidence of expenditures
made and secured hereby as the Trustee may require.
Upon application of the Beneficiary, it shall be lawful for and the duty of the Trustee, and
the Trustee is hereby authorized and empowered, to expose to sale and to sell the Premises at
public auction for cash, after having first complied with all applicable requirements of laws of
the State of North Carolina with respect to the exercise of powers of sale contained in deeds of
trust, and upon such sale the Trustee shall convey title to the purchaser in fee simple. After
retaining from the proceeds of such sale just compensation for the Trustee’s services and all
expenses incurred by the Trustee, including the Trustee’s commission not exceeding one percent
(1%) of the bid and reasonable attorneys’ fees for legal services actually performed, the Trustee
shall apply the residue of the proceeds first to the payment of all sums expended by the
Beneficiary under the terms of this Deed of Trust; second, to the payment of the Indebtedness
secured hereby; and the balance, if any, shall be paid to the Grantor. The Grantor agrees that in
the event of sale hereunder, the Beneficiary shall have the right to bid thereat. The Trustee may
require the successful bidder at any sale to deposit immediately with the Trustee cash or certified
check in an amount not to exceed twenty-five percent (25%) of the bid, provided notice of such
requirement is contained in the advertisement of the sale. The bid may be rejected if the deposit
is not immediately made and thereupon the next highest bidder may be declared to be the
purchaser. Such deposit shall be refunded in case a resale is had; otherwise, it shall be applied to
the purchase price.
Section 2.4 Performance by the Beneficiary on Defaults by the Grantor. If the
Grantor shall default in the payment, performance or observance of any term, covenant or
condition of this Deed of Trust, the Beneficiary may, at its option, pay, perform or observe the
same, and all payments made or costs or expenses incurred by the Beneficiary in connection
therewith shall be secured hereby and shall be, without demand, immediately repaid by the
Grantor to the Beneficiary with interest thereon at the rate provided in the Installment Financing
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Contract. The Beneficiary shall be the sole judge of the necessity for any such actions and of the
amounts to be paid but no such action shall be taken unreasonably. The Beneficiary is hereby
empowered to enter and to authorize others to enter upon the Premises or any part thereof for the
purpose of performing or observing any such defaulted term, covenant or condition without
thereby becoming liable to the Grantor or any person in possession holding under the Grantor.
Section 2.5 Receiver. If an Event of Default shall have occurred and is continuing
and such Event of Default as to Events of Default occurring under subsections (b), (c) and (d) of
Section 2.1 continues uncured for a period of thirty (30) days or more after notice of such Event
of Default is given by the Beneficiary to the Grantor, the Beneficiary, upon application to a court
of competent jurisdiction, shall be entitled as a matter of strict right without notice and without
regard to the adequacy or value of any security for the Indebtedness secured hereby or the
solvency of any party bound for its payment, to the appointment of a receiver or receivers to take
possession of and to operate the Premises and to collect and apply the rents and issues thereof.
The Grantor hereby irrevocably consents to such appointment, provided the Grantor receives
notice of any application therefor. Any such receiver or receivers shall have all of the rights and
powers permitted under the laws of the State of North Carolina and all the powers and duties of
the Beneficiary in case of entry as provided in subsection (a) of Section 2.2, and shall continue as
such and exercise all such powers until the date of confirmation of sale of the Premises unless
such receivership is sooner terminated. Subject to the provisions of Section 2.2, the Grantor will
pay to the Beneficiary upon demand all reasonable expenses, including receiver’s fees, attorneys’
fees, costs and agent’s compensation, incurred pursuant to the provisions of this Section; and all
such expenses shall be secured by this Deed of Trust.
Section 2.6 Waiver of Appraisement, Valuation, Stay, Extension and Redemption
Laws. The Grantor agrees, to the full extent permitted by law, that in case of a Default
hereunder, neither the Grantor nor anyone claiming through or under it shall or will set up, claim
or seek to take advantage of any appraisement, valuation, stay, extension, homestead, exemption
or redemption laws now or hereafter in force, in order to prevent or hinder the enforcement or
foreclosure of this Deed of Trust, or the absolute sale of the Premises, or the final and absolute
putting into possession thereof, immediately after such sale, of the purchasers thereat, and the
Grantor, for itself and all who may at any time claim through or under it, hereby waives to the
full extent that it may lawfully so do, the benefit of all such laws, and any and all right to have
the assets comprised in the security intended to be created hereby marshalled upon any
foreclosure of the lien hereof.
Section 2.7 Leases. The Beneficiary and the Trustee, or either of them, at their option
and to the extent permitted by law, are authorized to foreclose this Deed of Trust subject to the
rights of any tenants of the Premises, and the failure to make any such tenants parties to any such
foreclosure proceedings and to foreclose their rights will not be, nor be asserted to be by the
Grantor, a defense to any proceedings instituted by the Beneficiary and the Trustee to collect the
sums secured hereby.
Section 2.8 Discontinuance of Proceedings and Restoration of the Parties. In case
the Beneficiary and the Trustee, or either of them, shall have proceeded to enforce any right,
power or remedy under this Deed of Trust by foreclosure, entry or otherwise, and such
proceedings shall have been discontinued or abandoned for any reason, or shall have been
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determined adversely to the Beneficiary and the Trustee, or either of them, then and in every
such case the Grantor and the Beneficiary and the Trustee, and each of them, shall be restored to
their former positions and rights hereunder, and all rights, powers and remedies of the
Beneficiary and the Trustee, and each of them, shall continue as if no such proceeding had been
taken.
Section 2.9 Remedies Not Exclusive. Subject to Article XV of the Installment
Financing Contract and Section 2.2 of this Deed of Trust, the Trustee and the Beneficiary, and
each of them, shall be entitled to enforce payment and performance of any Indebtedness or
obligations secured hereby and to exercise all rights and powers under this Deed of Trust or any
other agreement securing or relating to the Indebtedness secured hereby or any laws now or
hereafter in force, notwithstanding some of the Indebtedness and obligations secured hereby may
now or hereafter be otherwise secured, whether by mortgage, deed of trust, pledge, lien,
assignment or otherwise. Neither the acceptance of this Deed of Trust nor its enforcement,
whether by court action or pursuant to the power of sale or other powers herein contained, shall
prejudice or in any manner affect the Trustee’s or the Beneficiary’s right to realize upon or
enforce any other security now or hereafter held by the Trustee or the Beneficiary, it being
agreed that the Trustee and the Beneficiary, and each of them, shall be entitled to enforce this
Deed of Trust and any other security now or hereafter held by the Beneficiary or the Trustee in
such order and manner as they or either of them may in their absolute discretion determine. No
remedy herein conferred upon or reserved to the Trustee or the Beneficiary is intended to be
exclusive of any other remedy herein or by law provided or preclusive of any other remedy
herein or by law provided or permitted, but each shall be cumulative and shall be in addition to
every other remedy given hereunder or now or hereafter existing at law or in equity or by statute.
Every lawful power or remedy given by any instrument securing or relating to the Indebtedness
secured hereby to the Trustee or the Beneficiary or to which either of them may be otherwise
entitled, may be exercised, concurrently or independently, from time to time and as often as may
be deemed expedient by the Trustee or the Beneficiary and either of them may pursue
inconsistent remedies.
Section 2.10 Waiver. No delay or omission of the Beneficiary or the Trustee to
exercise any right, power or remedy accruing upon any Default shall exhaust or impair any such
right, power or remedy or shall be construed to be a waiver of any such Default, or acquiescence
therein; and every right, power and remedy given by this Deed of Trust to the Beneficiary and
the Trustee, and each of them, may be exercised from time to time and as often as may be
deemed expedient by the Beneficiary and the Trustee, and each of them. No consent or waiver,
expressed or implied, by the Beneficiary to or of any breach or Default by the Grantor in the
performance of the obligations thereof hereunder shall be deemed or construed to be a consent or
waiver to or of any other breach or Default in the performance of the same or any other
obligations of the Grantor hereunder. Failure on the part of the Beneficiary to complain of any
act or failure to act or to declare an Event of Default, irrespective of how long such failure
continues, shall not constitute a waiver by the Beneficiary of its rights hereunder or impair any
rights, powers or remedies consequent on any breach or Default by the Grantor .
Section 2.11 Suits to Protect the Premises. The Beneficiary and the Trustee, and each
of them, shall have the power (a) to institute and maintain such suits and proceedings as they
may deem expedient to prevent any impairment of the Premises by any acts which may be
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unlawful or in violation of this Deed of Trust, with notice of commencement of such suits and
proceedings to be given to the Grantor, (b) to preserve or protect their interest in the Premises
and in the rents and issues arising therefrom, and (c) to restrain the enforcement of or compliance
with any legislation or other governmental enactment, rule or order that may be unconstitutional
or otherwise invalid, if the enforcement of or compliance with such enactment, rule or order
would impair the security hereunder or be prejudicial to the interest of the Beneficiary.
Section 2.12 The Beneficiary May File Proofs of Claim. In the case of any
receivership, insolvency, bankruptcy, reorganization, arrangement, adjustment, composition or
other proceedings affecting the Grantor, its creditors or its property, the Beneficiary, to the extent
permitted by law, shall be entitled to file such proofs of claim and other documents as may be
necessary or advisable in order to have the claims of the Beneficiary allowed in such proceedings
for the entire amount due and payable by the Grantor under this Deed of Trust at the date of the
institution of such proceedings and for any additional amount which may become due and
payable by the Grantor hereunder after such date.
Section 2.13 Waiver of Rights. By execution of this Deed of Trust and to the extent
permitted by law, the Grantor expressly: acknowledges the right to accelerate the Indebtedness
and the power of sale given herein to the Trustee to sell the Premises by foreclosure under power
of sale upon default by the Grantor and without any notice other than such notice (if any) as is
specifically required to be given by law or under the provisions of this Deed of Trust; waives any
and all rights of the Grantor to appraisement, dower, curtsey and homestead rights to the extent
permitted by applicable law; acknowledges that the Grantor has read this Deed of Trust and any
and all questions regarding the legal effect of this Deed of Trust and its provisions have been
explained fully to the Grantor and the Grantor has consulted with counsel of its choice prior to
executing this Deed of Trust; and acknowledges that all waivers of the aforesaid rights of the
Grantor have been made knowingly, intentionally and willingly by the Grantor as part of a
bargained for transaction.
ARTICLE III
Section 3.1 Successors and Assigns. This Deed of Trust shall inure to the benefit of
and be binding upon the parties hereto and their respective heirs, executors, legal representatives,
successors and assigns. Whenever a reference is made in this Deed of Trust to the Grantor, the
Trustee or the Beneficiary such reference shall be deemed to include a reference to the heirs,
executors, legal representatives, successors and assigns of the Grantor, the Trustee or the
Beneficiary, respectively.
Section 3.2 Terminology. All personal pronouns used in this Deed of Trust, whether
used in the masculine, feminine or neuter gender, shall include all other genders; the singular
shall include the plural, and vice versa. Titles and articles in this Deed of Trust are for
convenience only and neither limit nor amplify the provisions of this Deed of Trust itself, and all
references herein to articles, sections or subsections shall refer to the corresponding articles,
sections or subsections of this Deed of Trust unless specific reference is made to articles,
sections or subsections of another document or instrument.
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Section 3.3 Severability. If any provision of this Deed of Trust or the application
thereof to any person or circumstance shall be invalid or unenforceable to any extent, the
remainder of this Deed of Trust and the application of such provision to other persons or
circumstances shall not be affected thereby and shall be enforced to the greatest extent permitted
by law.
Section 3.4 Governing Law. This Deed of Trust shall be construed and governed
according to the laws of the State of North Carolina.
Section 3.5 Notices, Demands and Requests. All notices, demands or requests
provided for or permitted to be given pursuant to this Deed of Trust must be in writing and shall
be deemed to have been properly given if served or given by personal delivery or by being
deposited in the United States Mail, postage prepaid, registered or certified return receipt
requested, and addressed to the addresses as follows: (a) if to the County, County of Person,
North Carolina, 304 South Morgan Street, Room 219, Roxboro, North Carolina 27573-5245,
Attention: Finance Director, with a copy to County of Person, North Carolina, 304 South
Morgan Street, Room 212, Roxboro, North Carolina 27573-5245, Attention: County Manager,
(b) if to the Beneficiary, Branch Banking and Trust Company, BB&T Governmental Finance,
Attention: Account Administration/Municipal, Re: Person County Agreement Notice, 5130
Parkway Plaza Boulevard, Building 9, Charlotte, North Carolina 28217 and (c) if to the Deed of
Trust Trustee, F, Louis Lloyd, III, 5130 Parkway Plaza Boulevard, Building 9, Charlotte, North
Carolina 28217.
All notices, demands and requests shall be effective upon personal delivery or upon being
deposited in the United States Mail. However, the time period in which a response to any notice,
demand or request must be given, if any, shall commence to run from the date of receipt of the
notice, demand or request by the addressee thereof. Rejection or other refusal to accept or the
inability to deliver because of changed address of which no notice was given shall be deemed to
be receipt of the notice, demand or request sent. By giving at least thirty (30) days written notice
thereof, the Grantor, the Trustee or the Beneficiary shall have the right from time to time and at
any time during the term of this Deed of Trust to change their respective addresses and each shall
have the right to specify as its address any other address within the United States of America.
Section 3.6 Appointment of Successor to the Trustee. The Beneficiary shall at any
time have the irrevocable right to remove the Trustee herein named without notice or cause and
to appoint a successor thereto by an instrument in writing, duly acknowledged, in such form as to
entitle such written instrument to be recorded in the State of North Carolina, and in the event of
the death or resignation of the Trustee named herein, the Beneficiary shall have the right to
appoint a successor thereto by such written instrument, and any Trustee so appointed shall be
vested with the title to the Premises and shall possess all the powers, duties and obligations
herein conferred on the Trustee in the same manner and to the same extent as though such were
named herein as the Trustee .
Section 3.7 The Trustee’s Powers. At any time, or from time to time, without
liability therefor and without notice, upon written request of the Beneficiary and presentation of
this Deed of Trust, and without affecting the personal liability of any person for payment of the
Indebtedness secured hereby or the effect of this Deed of Trust upon the remainder of the
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Premises, the Trustee may (i) reconvey any part of the Premises, (ii) consent in writing to the
making of any map or plat thereof, (iii) join in granting any easement therein, or (iv) join in any
extension agreement or any agreement subordinating the lien or charge hereof.
Section 3.8 The Beneficiary’s Powers. Without affecting the liability of any other
person liable for the payment of any obligation herein mentioned, and without affecting the lien
or charge of this Deed of Trust upon any portion of the Premises not then or theretofore released
as security for the full amount of all unpaid obligations, the Beneficiary may, from time to time
and without notice (i) release any person so liable, (ii) extend the maturity or alter any of the
terms of any such obligation, (iii) grant other indulgences, (iv) cause to be released or
reconveyed at any time at the Beneficiary’s option, any parcel, portion or all of the Premises,
(iii) take or release any other or additional security for any obligation herein mentioned, or
(iv) make compositions or other arrangements with debtor in relation thereto. The provisions of
Section 45-45.1 of the General Statutes of North Carolina, as amended, or any similar statute
hereafter enacted in replacement or in substitution thereof shall be inapplicable to this Deed of
Trust.
Section 3.9 Release of Premises.
(a) If no Event of Default under this Deed of Trust shall have occurred and shall
continue to exist, the Grantor may at any time or times grant easements, licenses, rights of way
and other rights or privileges in the nature of easements with respect to any part of the Premises,
and the Grantor may release existing interests, easements, licenses, rights of way and other rights
or privileges with or without consideration, and the Beneficiary agrees that it shall execute and
deliver and will cause, request or direct the Deed of Trust Trustee to execute and deliver any
instrument necessary or appropriate to grant or release any such interest, easement, license, right
of way or other right or privilege but only upon receipt of (i) a copy of the instrument of grant or
release, (ii) a written application signed by the Grantor requesting such instrument and (iii) a
certificate executed by the Grantor and reasonably acceptable to the Beneficiary to the effect that
the grant or release (A) is not detrimental to the effective use of the Premises or the proper
conduct of the operations of the Board of Education at the Premises and (B) will not materially
impair the value of the security under this Deed of Trust in contravention of the provisions
hereof.
(b) Upon the Grantor exercising its rights to dispose of any Fixtures in accordance
with the provisions of Section 6.1 of the Installment Financing Contract, the Beneficiary and the
Trustee will execute all releases or other documents necessary to effectuate the release of the
respective Fixtures from the lien of this Deed of Trust.
Section 3.10 Acceptance by the Trustee. The Trustee accepts this Trust when this
Deed of Trust, duly executed and acknowledged, is made of public record as provided by law.
Section 3.11 Miscellaneous. The covenants, terms and conditions herein contained
shall bind, and the benefits and powers shall inure to the respective heirs, executors,
administrators, successors and assigns of the parties hereto. Whenever used herein, the singular
number shall include the plural, the plural the singular, and the term “Beneficiary” shall include
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any payee of the indebtedness hereby secured and any transferee or assignee thereof, whether by
operation of law or otherwise.
269
IN WITNESS WHEREOF, the Grantor has caused this Deed of Trust to be executed
under seal the day and year first above written.
COUNTY OF PERSON, NORTH CAROLINA
By: ____________________________________
Jimmy B. Clayton
Chairman of the Board of Commissioners
for the County
[SEAL]
ATTEST:
_______________________________
Brenda B. Reaves
Clerk to the Board of Commissioners
for the County
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STATE OF NORTH CAROLINA )
)
COUNTY OF PERSON )
I, _________________________________, a Notary Public, certify that Jimmy B.
Clayton personally came before me this day and acknowledged that he is the Chairman of the
Board of Commissioners for the County of Person, North Carolina, and that, by authority duly
given and as the act of said County, the foregoing instrument was signed in its name by him,
sealed with its seal, and attested by Brenda B. Reaves, the Clerk to the Board of Commissioners
for said County.
WITNESS my hand and notarial seal, this _____ day of September 2012.
My commission expires: __________________________________________
Notary Public
____________________
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EXHIBIT A
REAL PROPERTY DESCRIPTION
The Real Property consists of a tract or parcel of land described as follows:
Lying and being in the City of Roxboro, Roxboro Township, Person County, North Carolina and
being all of what is shown and designated as Parcel 1, containing 19.57 acres on that plat of
survey entitled “PERSON COUNTY BOARD OF EDUCATION – SOUTHERN JUNIOR
HIGH SCHOOL”, surveyed by E. B. Wood Land Surveying, P.C., Ernest B. Wood, Jr., RLS,
dated September, 1989 and of record in Plat Cabinet 5, Hanger 769, Person County Registry,
which plat is hereby specifically incorporated by reference herein for greater certainty of
description.
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EXHIBIT B
PERMITTED ENCUMBRANCES
Permitted encumbrances (the “Permitted Encumbrances”) are as follows:
(1) easements, exceptions or reservations (i) for the purpose of pipelines, telephone
lines, cable television lines, telegraph lines, power lines and substations, roads, streets, alleys,
highways, parking, railroad purposes, drainage and sewerage purposes, dikes, canals, laterals,
ditches, transportation of oil, gas or other materials, removal of oil, gas or other materials, and
other like purposes, or (ii) for the joint or common use of real property, facilities and equipment,
which exist on the Closing Date (as defined in the Installment Financing Contract) or arise under
the provisions of Section 3.9 of this Deed of Trust and which, in the case of either (i) or (ii), in
the aggregate do not materially interfere with or impair the operation of the Premises for the
purposes for which they are or may reasonably be expected to be used;
(2) the rights of the Bank under the Installment Financing Contract;
(3) the lien of this Deed of Trust;
(4) the Lease (as defined in the Installment Financing Contract) and any sublease by
the Board of Education in conformity with the provisions of Section 6.11 of the Installment
Financing Contract, all of which are expressly subordinate to the lien of this Deed of Trust;
(5) any materialmen’s liens incurred in the ordinary course of business and not
remaining undischarged for more than sixty (60) days from the date thereof; and
(6) any other liens, encumbrances, charges and restrictions on the Real Property
described in Schedule B – Section II (excluding exceptions _______) of the commitment of
Commonwealth Land Title Insurance Company to issue the title insurance policy required
pursuant to Section 6.5 of the Installment Financing Contract, which commitment is numbered
CW-12-08506, or approved in writing by the Bank.
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AGREEMENT CONCERNING
SCHOOL ROOF IMPROVEMENTS
by and between
THE PERSON COUNTY BOARD OF EDUCATION
and
PERSON COUNTY, NORTH CAROLINA
Dated September 20, 2012
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AGREEMENT CONCERNING
SCHOOL ROOF IMPROVEMENTS
THIS AGREEMENT, dated September 20, 2012, and entered into by and between The
Person County Board of Education, a body corporate which has general control and supervision
of all matters pertaining to the public schools in the Person County Schools, its respective school
administrative unit, and is duly organized and existing under the laws of the State of North
Carolina (the “Board of Education”), and the County of Person, North Carolina, a body corporate
and politic and a political subdivision of the State of North Carolina (the “County”),
W I T N E S S E T H:
WHEREAS, the County and the Board of Education have determined to cooperate in a
plan to finance a portion of the cost of a project which each has found to be necessary and
desirable to provide for improved public school facilities and improved public education in such
school administrative unit;
WHEREAS, such project consists of the repair or replacement of roofs at Southern
Middle School and Person High School, as more particularly described in the Installment
Financing Contract hereinafter defined (the “Project”);
WHEREAS, as a part of such plan, the Board of Education is to convey the site of
Southern Middle School and the improvements thereon (the “Property”) to the County and the
County is to lease the Property to the Board of Education;
WHEREAS, the Board of Education is authorized (a) to sell the Property to the County
for any price negotiated between them in connection with the Project, (b) to lease the Property
from the County and (c) to enter into contracts for the acquisition, construction and installation
of the Project;
WHEREAS, the County is authorized (a) to acquire the Property from the Board of
Education, (b) to lease the Property to the Board of Education and (c) to construct, improve or
otherwise make available property for use by the Person County Schools;
WHEREAS, the County is also authorized to finance a portion of the Cost of the Project,
as defined in the Installment Financing Contract, by contracts that create security interests in the
Property and the improvements thereon and certain related property to secure repayment of
moneys made available for such purpose;
WHEREAS, the Board of Education and the County are authorized to enter into
agreements in order to execute such plan, and this agreement (this “Agreement”) constitutes such
an agreement; and
WHEREAS, all acts, conditions and things required by law to exist, to have happened
and to have been performed precedent to and in connection with the execution and entering into
of this Agreement do exist, have happened and have been performed in regular and due time,
form and manner as required by law, and the parties hereto are now duly authorized to execute
and enter into this Agreement;
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NOW, THEREFORE, in consideration of the premises and of the mutual agreements and
covenants contained herein and for other valuable consideration, the parties hereto do hereby
agree as follows:
Section 1. Sale of Property to County. The Board of Education will sell the Property
to the County for a price of $100 and will convey the Property to the County by means of a
General Warranty Deed substantially in the form thereof attached hereto as Exhibit A (the
“General Warranty Deed”).
Section 2. Lease of Property to Board of Education. Upon the conveyance of the
Property to the County by the Board of Education, the County will lease the Property to the
Board of Education for use by the Person County Schools pursuant to a Lease to be entered into
by the County and the Board of Education dated September 20, 2012 (the “Lease”).
Section 3. Acquisition, Construction, Installation and Financing of Project. The
County (a) will acquire the Property from the Board of Education in accordance with Section 1
above, (b) will lease the Property to the Board of Education in accordance with Section 2 above
and (c) together with the Board of Education will provide for the acquisition, construction and
installation of the Project as hereinafter provided.
The County will also finance a part of the Cost of the Project pursuant to Section 160A-
20 of the General Statutes of North Carolina, as amended, by entering into an Installment
Financing Contract with Branch Banking and Trust Company (the “Bank”), dated September 20,
2012 (the “Installment Financing Contract”). The County will execute and deliver to a trustee
for the benefit of the Bank a Deed of Trust and Security Agreement, dated September 20, 2012
(the “Deed of Trust”), which will encumber the Property and the improvements thereon and
certain related property to secure the County’s obligation to repay the amount advanced to it
pursuant to the Installment Financing Contract.
The Board of Education will be responsible for and enter into contracts for the work
constituting the Project. In order to enable the Board of Education to carry out the County’s
obligations under the Installment Financing Contract with respect to the work for which the
Board of Education will be responsible under this Agreement, the County hereby transfers its
rights under the Installment Financing Contract regarding such obligations to the Board of
Education. The Board of Education will cause the Project to be completed on or before the date
set forth in the construction documents and otherwise in accordance with the construction
documents and the Installment Financing Contract and any applicable requirements of
governmental authorities and law.
The Board of Education will require all contractors entering into contracts for the
acquisition, construction and installation of the Project to comply with the applicable provisions
of the Davis-Bacon Act, found in Subchapter IV of Chapter 31 of Title 40 of the United States
Code.
Section 4. Indemnification. To the extent permitted by law, the Board of Education
shall indemnify and save the County harmless against and from all claims by or on behalf of any
person, firm, corporation or other legal entity arising from the acquisition, construction and
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installation of the Project; provided, however, that the Board of Education shall not be obligated
to pay the Installment Payments pursuant to the Installment Financing Contract or to indemnify
any party to the Installment Financing Contract for any third-party claims asserted against any
such party relating to the payment of such Installment Payments and that the right to
indemnification shall not apply to losses arising from any action taken by the County. The
Board of Education shall be notified promptly by the County of any action or proceeding brought
in connection with any such claims arising from the acquisition, construction and installation of
the Project.
Section 5. Description of Project; Additional Improvements. The Board of
Education shall have the right to make any changes in the description of the Project or of any
component or components thereof; provided, however, that the Board of Education shall first
notify the County Manager of the County (the “County Manager”) or his designee of any change
that is expected to cost more than $50,000, and, further, that any increase in the cost of the
Project resulting from any change shall, to the extent the increased cost exceeds the funds in the
Project Fund available therefor, be payable solely from other funds of the Board of Education.
In addition, any such change must be in accordance with Section 5.1 of the Installment Financing
Contract.
The Board of Education shall have the right, in its sole discretion and at its own expense,
to acquire, construct and install real property improvements or items of equipment or other
personal property other than the Project in or upon any portion of the Leased Property (as
defined in the Lease) that do not materially impair the effective use or materially decrease the
value of the Leased Property, as provided in Section 7.2 of the Lease.
Section 6. Construction Conferences. The Board of Education hereby agrees that it
will, upon the request of the County Manager, provide to the County Manager or his designee
timely notice of all conferences with representatives of the architects, contractors and vendors
with respect to the Project and that the County Manager or his designee shall have the right to
attend all such conferences.
Section 7. Compliance with Installment Financing Contract and Deed of Trust. The
Board of Education agrees that, except as otherwise provided in this Agreement or in the Lease,
it will, and the County specifically authorizes it to, faithfully discharge all duties imposed on the
County by the Installment Financing Contract and the Deed of Trust with respect to the
acquisition, construction and installation of the Project and the operation, maintenance and
insuring of the Mortgaged Property (as defined in the Installment Financing Contract) and the
Premises (as defined in the Deed of Trust).
The Board of Education certifies that all applicable State of North Carolina and local law
requirements governing conflicts of interest are satisfied with respect to this Agreement. If the
Secretary of the United States Treasury prescribes additional conflicts of interest rules governing
the appropriate members of Congress, federal, State of North Carolina and local officials, and
their spouses, the Board of Education will satisfy such additional rules with respect to this
Agreement.
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277
Section 8. Compliance with Requisition Procedure. The Board of Education agrees
that it will comply with the requisition procedure for the payment of each Cost of the Project as
provided in the Installment Financing Contract.
Section 9. Disclaimers of the County. The Board of Education acknowledges and
agrees that the design of the Project has not been made by the County, that the County has not
supplied any plans or specifications with respect thereto and that the County (a) is not a
manufacturer of, or a dealer in, any of the component parts of the Project or similar projects,
(b) has not made any recommendation, given any advice or taken any other action with respect to
(i) the choice of any supplier, vendor or designer of, or any other contractor with respect to, the
Project or any component part thereof or any property or rights relating thereto, or (ii) any action
taken or to be taken with respect to the Project or any component part thereof or any property or
rights relating thereto at any stage of the construction thereof, (c) has not at any time had
physical possession of the Project or any component part thereof or made any inspection thereof
or any property or rights relating thereto, and (d) has not made any warranty or other
representation, express or implied, that the Project or any component part thereof or any property
or rights relating thereto (i) will not result in or cause injury or damage to persons or property,
(ii) has been or will be properly designed or constructed or will accomplish the results which the
Board of Education intends therefor, or (iii) is safe in any manner or respect.
The County makes no express or implied warranty or representation of any kind
whatsoever with respect to the Project or any component part thereof to the Board of Education
or any other circumstance whatsoever with respect thereto, including but not limited to any
warranty or representation with respect to the merchantability or the fitness or suitability thereof
for any purpose; the design or condition thereof; the safety, workmanship, quality or capacity
thereof; compliance thereof with the requirements of any law, rule, specification or contract
pertaining thereto; any latent defect; the ability thereof to perform any function; that the funds
advanced by the Bank pursuant to the Installment Financing Contract will be sufficient (together
with any other available funds of the County or the Board of Education) to pay the cost of the
Project; or any other characteristic of the Project; it being agreed that all risks relating to the
Project, the completion thereof or the transactions contemplated hereby or by the Installment
Financing Contract are to be borne by the Board of Education, and the benefits of any and all
implied warranties and representations of the County are hereby waived by the Board of
Education.
Section 10. Acknowledgment of Authority of Board of Education. The parties
acknowledge that this Agreement is not intended in any way to diminish the Board of
Education’s authority to select school sites, choose the building design, construct school
buildings and establish the school program for the Person County Schools.
Section 11. Amendments and Further Instruments. The County and the Board of
Education may, from time to time, with the written consent of the Bank, execute and deliver such
amendments to this Agreement and such further instruments as may be required or desired for
carrying out the expressed intention of this Agreement.
Section 12. Agreement to Survive Termination of Installment Financing Contract.
Notwithstanding anything to the contrary contained herein, the obligations undertaken by the
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3134503v2 14038.00021
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Board of Education hereunder shall survive the termination of the Installment Financing
Contract.
IN WITNESS WHEREOF, the parties hereto have executed and attested this Agreement
by their officers thereunto duly authorized as of the day and year first written above.
THE PERSON COUNTY BOARD OF
EDUCATION
By: ____________________________________
Gordon Powell
Chairman of the Board of Education
[SEAL]
Attest:
_____________________________
Larry W. Cartner
Secretary of the Board of Education
This instrument has been pre-audited in the manner required by The School Budget and
Fiscal Control Act.
Julie H. Masten
Finance Officer of the Board of Education
[Signatures Continued on Following Page.]
279
[Counterpart Signature Page to the Agreement Concerning School Roof Improvements, dated
September 20, 2012, between The Person County Board of Education and the County of Person,
North Carolina]
COUNTY OF PERSON, NORTH CAROLINA
By: ____________________________________
Jimmy B. Clayton
Chairman of the Board of Commissioners
for the County
[SEAL]
Attest:
_____________________________
Brenda B. Reaves
Clerk to the Board of
Commissioners for the County
This instrument has been pre-audited in the manner required by The Local Government
Budget and Fiscal Control Act.
Amy Wehrenberg
Finance Director of the County
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280
EXHIBIT A
GENERAL WARRANTY DEED
3134503v2 14038.00021
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LEASE
by and between
PERSON COUNTY, NORTH CAROLINA
AS LESSOR
and
THE PERSON COUNTY BOARD OF EDUCATION
AS LESSEE
Dated September 20, 2012
After recording, please return to:
C. Ronald Aycock, Esq.
County of Person, North Carolina
304 South Morgan Street
Roxboro, North Carolina 27573-5245
This document was prepared by:
Gundars Aperans, Esq.
Robinson, Bradshaw & Hinson, P.A.
101 North Tryon Street, Suite 1900
Charlotte, North Carolina 28246
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LEASE
THIS LEASE, dated September 20, 2012, and entered into by and between the County of
Person, North Carolina, a body corporate and politic and a political subdivision of the State of
North Carolina, as lessor (the “County”), and The Person County Board of Education, a body
corporate which has general control and supervision of all matters pertaining to the public
schools in the Person County Schools, its respective school administrative unit, and is duly
organized and existing under the laws of the State of North Carolina, as lessee (the “Board of
Education”),
W I T N E S S E T H:
WHEREAS, the County and the Board of Education have determined to cooperate in a
plan to finance a portion of the cost of a project which each has found to be necessary and
desirable to provide for improved public school facilities and improved public education in such
school administrative unit;
WHEREAS, such project consists of the repair or replacement of roofs at Southern
Middle School and Person High School, as more particularly described in the Installment
Financing Contract hereinafter defined (the “Project”);
WHEREAS, as a part of such plan, the Board of Education has executed a General
Warranty Deed, made September 20, 2012, conveying the site of Southern Middle School and
the improvements thereon to the County and the County is to lease such site and the
improvements thereon to the Board of Education (such site as more particularly described in
Exhibit A hereto and the improvements thereon being collectively called the “Leased Site”);
WHEREAS, as a part of such plan, the County has entered into an Installment Financing
Contract, dated September 20, 2012, between the County and Branch Banking and Trust
Company (the “Bank”), providing for the financing of a portion of the cost of the Project (the
“Installment Financing Contract”), a copy of which is attached hereto as Exhibit B;
WHEREAS, as a part of such plan, the County and the Board of Education have entered
into an Agreement Concerning School Roof Improvements, dated September 20, 2012,
providing, among other matters, for the lease of the Leased Site by the County to the Board of
Education and the acquisition, construction and installation of the Project (the “Administrative
Agreement”); and
WHEREAS, as a part of such plan, the County proposes to lease the Leased Property,
consisting of the Leased Site and a portion of the Project, to the Board of Education and the
Board of Education has determined to lease the Leased Property from the County;
NOW, THEREFORE, for and in consideration of the mutual promises and covenants
herein contained, the parties hereto agree as follows:
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ARTICLE I
DEFINITIONS; RULE OF CONSTRUCTION
All capitalized terms used in this Lease and not otherwise defined herein shall have the
meanings assigned to them in the Installment Financing Contract, unless the context clearly
requires otherwise. In addition, the following terms will have the meanings specified below,
unless the context clearly requires otherwise:
“Board of Education Representative” means any person at the time designated, by a
written certificate furnished to the County and signed on the Board of Education’s behalf by its
Chairman, to act on the Board of Education’s behalf for the purpose of performing any act under
this Lease.
“Closing Date” means the date on which the Installment Financing Contract takes effect.
“County Representative” means any person at the time designated, by a written certificate
furnished to the Board of Education and signed on the County’s behalf by the Chairman of its
Board of Commissioners, to act on the County’s behalf for the purpose of performing any act
under this Lease.
“Event of Default” means one or more events of default as defined in Section 12.1.
“Lease” means this Lease, as it may be duly amended.
“Lease Term” means the term of this Lease as determined pursuant to Article IV.
“Lease Year” means, initially, from the Closing Date through December 31, 2012, and,
thereafter, means the twelve-month period of each year commencing on January 1 and ending on
the next December 31.
“Leased Property” means the Leased Site and the portion of the Project to be acquired,
constructed and installed thereon collectively.
All references to articles or sections are references to articles or sections of this Lease,
unless the context clearly indicates otherwise.
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ARTICLE II
REPRESENTATIONS, COVENANTS AND WARRANTIES
The County and the Board of Education each represent, covenant and warrant for the
other’s benefit as follows:
(1) Neither the execution and delivery of this Lease, nor the fulfillment of or
compliance with its terms and conditions, nor the consummation of the transactions
contemplated hereby, results or will result in a breach of the terms, conditions and provisions of
any agreement or instrument to which either is now a party or by which either is bound, or
constitutes a default under any of the foregoing.
(2) To the knowledge of each party, there is no litigation or proceeding pending or
threatened against such party (or against any other person) affecting the rights of such party to
execute or deliver this Lease or to comply with its obligations under this Lease. Neither the
execution and delivery of this Lease by such party, nor compliance by such party with its
obligations under this Lease, requires the approval of any regulatory body or any other entity the
approval of which has not been obtained.
ARTICLE III
DEMISING CLAUSE
The County hereby leases the Leased Property to the Board of Education and the Board
of Education hereby leases the Leased Property from the County, in accordance with the
provisions of this Lease, to have and to hold for the Lease Term.
Notwithstanding anything in this Lease to the contrary, the Board of Education’s rights to
possession of the Leased Property, its rights to purchase the Leased Property pursuant to
Section 5.2, and all of its other rights under this Lease are subordinate to the rights of the Bank,
the beneficiary under the Deed of Trust and Security Agreement, dated September 20, 2012,
from the County to F. Louis Loyd, III, Trustee, and its successors and assigns, and relating to the
Leased Property (the “Deed of Trust”). Any judicial sale of, or foreclosure on, the Leased
Property pursuant to the Deed of Trust shall terminate all the Board of Education’s rights
hereunder with respect to the Leased Property.
ARTICLE IV
LEASE TERM
4.1 Commencement. The Lease Term shall commence on the Closing Date.
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4.2 Termination. The Lease Term shall terminate upon the earlier of either of the
following events:
(a) the termination of the Installment Financing Contract; or
(b) an Event of Default and termination by the County pursuant to Article XII.
Termination of the Lease Term shall terminate the County’s obligations under this Lease
and the Board of Education’s rights of possession under this Lease, but all other provisions of
this Lease, including those relating to the receipt and disbursement of funds, shall be continuing
until the Installment Financing Contract is discharged as provided therein.
ARTICLE V
QUIET ENJOYMENT; PURCHASE OPTION
5.1 Quiet Enjoyment. The County hereby covenants that the Board of Education
shall, during the Lease Term, peaceably and quietly have and hold and enjoy the Leased Property
without suit, trouble or hindrance from the County, except as expressly required or permitted by
this Lease. The County shall not interfere with the quiet use and enjoyment of the Leased
Property during the Lease Term. The County shall, at the Board of Education’s request and the
County’s cost, join and cooperate fully in any legal action in which the Board of Education
asserts its right to such possession and enjoyment, or which involves the imposition of any taxes
or other governmental charges on or in connection with the Leased Property. In addition, the
Board of Education may at its own expense join in any legal action affecting its possession and
enjoyment of the Leased Property, and shall be joined (to the extent legally possible, and at the
Board of Education’s expense) in any action affecting its liabilities hereunder.
The provisions of this Article shall be subject to rights to inspect the Leased Property
granted to parties under the Installment Financing Contract and to the right hereby reserved to
the County to inspect the Leased Property at any reasonable time.
Notwithstanding the foregoing, nothing contained in this Lease, the Administrative
Agreement, the Deed of Trust or any other arrangements entered into between the County and
the Board of Education in connection with the financing of the Project shall be construed to grant
to the County any jurisdiction or supervision over the operation and use of the public school
system for the County and its facilities that would not exist in the absence of these transactions.
The County and the Board of Education hereby acknowledge and agree that the transactions
contemplated by the Lease, the Administrative Agreement, the Deed of Trust or any other
arrangements entered into between the County and the Board of Education are entered to
facilitate the financing by the County of a portion of the Cost of the Project. The County shall
have no rights over the public school system or its facilities on account of this Lease and the
other transactions contemplated hereby except as shall be necessary for the County to carry out
its obligations under the financing arrangements.
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5.2 Purchase Option.
(a) The Board of Education shall have the option (a) to purchase the Leased Property,
in part, from time to time, to the extent that it constitutes Premises released from the lien and
security interest of the Deed of Trust pursuant to Section 3.9 of the Deed of Trust, upon payment
to the County of a purchase option price of $100 and (b) to purchase the remainder or all of the
Leased Property at the end of the Lease Term upon payment by the County of all of the
Installment Payments and upon payment to the County of a purchase option price of $100. The
County shall promptly notify the Board of Education of the end of the Lease Term. The Board
of Education shall notify the County of its exercising of this option within ninety (90) days after
any such partial release of the Premises or after the end of the Lease Term, as may be applicable,
and within forty-five (45) days thereafter the County shall execute and deliver to the Board of
Education a quit-claim deed with a covenant against grantor’s acts, if applicable, together with
such other documents as are necessary to convey to the Board of Education good and marketable
title to the respective Leased Property, subject only to (a) Permitted Encumbrances and (b) any
encumbrance or imperfection caused by or attributable to the Board of Education.
(b) Upon request of the Board of Education, the County shall request the Bank to
release the Leased Property, or any part thereof, to the extent that it constitutes Premises, as
provided in Section 3.9 in the Deed of Trust. Any such request by the Board of Education shall
include a resolution duly adopted by the Board of Education stating the purpose for which such
release of the Leased Property is sought and giving an adequate legal description of the part of
the Leased Property to be released. The County shall use its best efforts to submit such a request
to the Bank within sixty (60) days of receiving such a request from the Board of Education.
ARTICLE VI
CONSIDERATION FOR LEASE
6.1 Use as Schools; Assumption of Obligations. In partial consideration for its
acquisition of rights to use the Leased Property during the Lease Term and its option to purchase
the Leased Property, the Board of Education hereby agrees to use the Leased Property for public
school purposes in fulfillment of its obligation, shared by the County, to provide for elementary
and secondary education in the County. In addition, in consideration of its rights under this
Lease, the Board of Education undertakes the obligations imposed on it hereunder, including
those imposed by Section 8.1.
6.2 Payments. In partial consideration for its acquisition of rights to use the Leased
Property during the Lease Term and its option to purchase the Leased Property, the Board of
Education hereby agrees to pay to the County annual rent in the amount of $1 payable in advance
on the Closing Date (receipt of which is hereby acknowledged) and on the first day of each
Lease Year thereafter. The County and the Board of Education acknowledge their understanding
that, although the County’s financing of a portion of the cost of the Leased Property and
providing of the Leased Property to the Board of Education for its use, is of substantial value to
the Board of Education, any payment by the Board of Education of a market value rent would
represent simply an accounting transaction, because the Board of Education’s funding for such
purpose would be primarily provided through the County.
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ARTICLE VII
ACQUISITION, CONSTRUCTION AND INSTALLATION OF PROJECT AND
ADDITIONAL IMPROVEMENTS
7.1 Acquisition, Construction and Installation of Project. The County has provided in
the Administrative Agreement for the acquisition, construction and installation of the Project by
the Board of Education. The Board of Education represents that it has reviewed all provisions
concerning the acquisition, construction and installation of the Project in the Installment
Financing Contract and hereby approves such provisions. The Board of Education shall take
possession of the Project upon completion thereof.
Title to the Leased Property shall be held by the County, subject only to Permitted
Encumbrances.
7.2 Additional Improvements. The Board of Education may at any time and from
time to time, in its sole discretion and at its own expense, acquire, construct and install real
property improvements and items of equipment or other personal property other than the Project
in or upon any portion of the Leased Property that do not materially impair the effective use or
materially decrease the value of the Leased Property. The Board of Education shall repair and
restore any and all damage resulting from the acquisition, construction and installation of any
such improvements or property.
ARTICLE VIII
BOARD OF EDUCATION’S ASSUMPTION OF COUNTY’S OBLIGATIONS
8.1 Assumption of Obligations. The Board of Education hereby assumes all the
County’s obligations under the Installment Financing Contract regarding care, use and operation
of the Leased Property, payment of taxes, utilities and other governmental charges, maintenance
of insurance coverage, prevention of liens, and repair or replacement of the Leased Property. It
is expressly understood that the Board of Education shall not assume the County’s obligation
under the Installment Financing Contract to pay the Installment Payments and that the Board of
Education shall not indemnify the County or any other party to the Installment Financing
Contract for third-party claims asserted against any party to the Installment Financing Contract
relating to the payment of the Installment Payments or indemnify the County for losses arising
from any action of the County.
8.2 Transfer of Rights. In order to allow the Board of Education to carry out the
County’s obligations under the Installment Financing Contract to be assumed by the Board of
Education, the County hereby transfers its rights under the Installment Financing Contract
regarding such obligations to the Board of Education. Nothing in this Section, however, shall be
construed as in any way delegating to the Board of Education any of the County’s rights or
responsibilities to make decisions regarding the Board of Education’s capital and operating
budgets or otherwise covenanting that funds for such purposes will be appropriated or available.
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8.3 Board of Education’s General Covenant. The Board of Education further
undertakes not to take or omit to take any action the taking or omission of which would cause the
County to be in default in any manner under the Installment Financing Contract. If the Board of
Education shall take or omit to take any such action, then the Board of Education shall proceed
with all due diligence to take such action as may be necessary to cure such default.
8.4 County’s Cooperation. The County shall cooperate fully with the Board of
Education in filing any proof of loss or taking any other action under this Lease. Except as
hereinafter provided, neither the County nor the Board of Education shall voluntarily settle, or
consent to the settlement of, any proceeding arising out of any insurance claim with respect to
the Improvements without the other’s written consent. If the amount expected to be received
pursuant to any such settlement does not exceed $50,000, then the Board of Education may,
without the consent of the County, voluntarily settle, or consent to the settlement of, any
proceeding arising out of any related insurance claim, provided that the Board of Education
promptly notifies the County of such settlement after it has been reached.
8.5 Advances; Performance of Obligations. If the Board of Education shall fail to pay
any amount required to be paid by it under this Lease, or fails to take any other action required of
it under this Lease, then the County may (but shall be under no obligation to) pay such amount or
perform such other obligation. The Board of Education agrees to reimburse the County for any
such payment or for its costs incurred in connection with performing such other obligation.
ARTICLE IX
DISCLAIMER OF WARRANTIES; OTHER COVENANTS
9.1 Disclaimer of Warranties. THE COUNTY MAKES NO WARRANTY OR
REPRESENTATION, EITHER EXPRESS OR IMPLIED, AS TO THE VALUE, DESIGN,
CONDITION, MERCHANTABILITY OR FITNESS FOR A PARTICULAR PURPOSE OR
FITNESS FOR A PARTICULAR USE OF THE LEASED PROPERTY OR ANY PART
THEREOF OR ANY OTHER REPRESENTATION OR WARRANTY WITH RESPECT TO
THE LEASED PROPERTY OR ANY PART THEREOF. In no event shall the County be liable
for any direct or indirect, incidental, special or consequential damage in connection with or
arising out of this Lease or the existence, furnishing, functioning or use by anyone of any item,
product or service provided for herein.
9.2 Further Assurances; Corrective Instruments. The Board of Education and the
County agree that they will, from time to time, execute, acknowledge and deliver, or cause to be
executed, acknowledged and delivered, such supplements hereto and such further instruments as
may reasonably be required for correcting any inadequate or incorrect description of the Leased
Property hereby leased or intended so to be, or for otherwise carrying out the intention hereof.
9.3 Board of Education and County Representatives. Whenever under the provisions
hereof the approval of the Board of Education or the County is required to take some action at
the request of the other, unless otherwise provided, such approval or such request shall be given
for the Board of Education by the Board of Education Representative and for the County by the
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County Representative, and the Board of Education and the County shall be authorized to act on
any such approval or request of such representative of the other.
9.4 Compliance with Requirements. During the Lease Term, the Board of Education
and the County shall observe and comply promptly with all current and future orders of all courts
having jurisdiction over the Leased Property or any portion thereof (or be diligently and in good
faith contesting such orders), and all current and future requirements of all insurance companies’
written policies covering the Leased Property or any portion thereof.
ARTICLE X
TITLE TO LEASED PROPERTY; LIMITATIONS ON ENCUMBRANCES
10.1 Title to Leased Property. Except for personal property purchased by the Board of
Education at its own expense, title to the Leased Property and any and all additions and
modifications to or replacements of any portion of the Leased Property shall be held in the
County’s name, subject only to Permitted Encumbrances, until foreclosed upon as provided in
the Deed of Trust or conveyed as provided in this Lease, notwithstanding (a) the occurrence of
all or more events of default as defined in Section 13.1 of the Installment Financing Contract;
(b) the occurrence of any event of damage, destruction, condemnation or construction or title
defect; or (c) the violation by the County of any provision of this Lease.
The Board of Education shall have no right, title or interest in the Leased Property or any
additions and modifications to or replacements of any portion of the Leased Property, except as
expressly set forth in this Lease.
ARTICLE XI
SUBLEASING AND INDEMNIFICATION
11.1 Board of Education’s Subleasing. The Board of Education may not assign or
sublease the Leased Property, in whole or in part, except as provided in Section 6.11 of the
Installment Financing Contract.
11.2 Indemnification. Except as provided in Section 8.1, to the extent permitted by
law, the Board of Education shall and hereby agrees to indemnify and save the County harmless
against and from all claims by or on behalf of any person, firm, corporation or other legal entity
arising from the operation or management of the Leased Property by the Board of Education
during the Lease Term, including any claims arising from: (a) any condition of the Leased
Property, (b) any act of negligence of the Board of Education or of any of its agents, contractors
or employees or any violation of law by the Board of Education or breach of any covenant or
warranty by the Board of Education hereunder, or (c) the incurrence of any cost or expense in
connection with the acquisition, construction and installation of the Project in excess of the
moneys available therefor in the Project Fund. The Board of Education shall be notified
promptly by the County of any action or proceeding brought in connection with any claims
arising out of circumstances described in (a), (b) or (c) above.
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ARTICLE XII
EVENTS OF DEFAULT
12.1 Events of Default. Each of the following shall be an “Event of Default” under
this Lease and the term “Default” shall mean, whenever it is used in this Lease, any one or more
of the following events:
(a) The Board of Education’s failure to make any payments hereunder when due.
(b) The Board of Education’s failure to observe and perform any covenant, condition
or agreement on its part to be observed or performed for a period of thirty (30) days after written
notice specifying such failure and requesting that it be remedied shall have been given to the
Board of Education by the County or by the Bank, unless the County and the Bank shall agree in
writing to an extension of such time prior to its expiration; provided, however, that if the failure
stated in such notice cannot be corrected within the applicable period, neither the County nor the
Bank shall unreasonably withhold its consent to an extension of such time if corrective action is
instituted by the Board of Education within the applicable period and diligently pursued until
such failure is corrected and, further, that if by reason of any event or occurrence constituting
force majeure the Board of Education is unable in whole or in part to carry out any of its
agreements contained herein (other than its obligations contained in Section 6.2 or 8.1), the
Board of Education shall not be deemed in default during the continuance of such event or
occurrence.
(c) The dissolution or liquidation of the Board of Education or the voluntary initiation
by the Board of Education of any proceeding under any federal or state law relating to
bankruptcy, insolvency, arrangement, reorganization, readjustment of debt or any other form of
debtor relief, or the initiation against the Board of Education of any such proceeding which shall
remain undismissed for sixty (60) days, or the entry by the Board of Education into an agreement
of composition with creditors or the Board of Education’s failure generally to pay its debts as
they become due.
12.2 Remedies on Default. Whenever any Event of Default shall have happened and
be continuing, the County may take one or any combination of the following remedial steps:
(a) Terminate this Lease, evict the Board of Education from the Leased Property or
any portion thereof and re-lease the Leased Property or any portion thereof.
(b) Have reasonable access to and inspect, examine and make copies of the Board of
Education’s books and records and accounts during the Board of Education’s regular business
hours, if reasonably necessary in the County’s opinion.
(c) Take whatever action at law or in equity may appear necessary or desirable,
including the appointment of a receiver, to collect the amounts then due, or to enforce
performance and observance of any obligation, agreement or covenant of the Board of Education
under this Lease.
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Any amount collected pursuant to action taken under this Section shall be applied in
accordance with the Installment Financing Contract.
12.3 No Remedy Exclusive. No remedy herein conferred upon or reserved to the
County is intended to be exclusive, and every such remedy shall be cumulative and shall be in
addition to every other remedy given hereunder and every remedy now or hereafter existing at
law or in equity. No delay or omission to exercise any right or power accruing upon any default
shall impair any such right or power, and any such right and power may be exercised from time
to time as may be deemed expedient. In order to entitle the County to exercise any remedy
reserved in this Article XII, it shall not be necessary to give any notice, other than such notice as
may be required in this Article XII.
12.4 Waivers. If any agreement contained herein should be breached by either party
and thereafter waived by the other party, such waiver shall be limited to the particular breach so
waived and shall not be deemed to waive any other breach hereunder. The County, however,
shall have no right to waive any Event of Default without the Bank’s consent. A waiver of an
event of default under the Installment Financing Contract shall constitute a waiver of any
corresponding Event of Default under this Lease; provided that no such waiver shall extend to or
affect any subsequent or other Event of Default under this Lease or impair any right consequent
thereon.
12.5 Waiver of Appraisement, Valuation, Stay Extension and Redemption Laws. The
Board of Education and County agree, to the extent permitted by law, that in the case of a
termination of the Lease Term by reason of an Event of Default, neither the Board of Education
nor the County nor anyone claiming through or under either of them shall or will set up, claim or
seek to take advantage of any appraisement, valuation, stay, extension or redemption laws now
or hereafter in force in order to prevent or hinder the enforcement of the Installment Financing
Contract or of any remedy provided hereunder or thereunder; and the Board of Education and the
County, for themselves and all who may at any time claim through or under either of them, each
hereby waives, to the full extent that it may lawfully do so, the benefit of such laws.
ARTICLE XIII
MISCELLANEOUS
13.1 Notices. All notices, certificates or other communications hereunder shall be
sufficiently given if given by United States mail in certified form, postage prepaid, and shall be
deemed to have been received five (5) Business Days (as defined in the Installment Financing
Contract) after deposit in the United States mail in certified form, postage prepaid, as follows:
(a) If intended for the County, addressed to it at the following address:
County of Person, North Carolina
304 South Morgan Street, Room 219
Roxboro, North Carolina 27573-5245
Attention: Finance Director
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with a copy to:
County of Person, North Carolina
304 South Morgan Street, Room 212
Roxboro, North Carolina 27573-5245
Attention: County Manager
(b) If intended for the Board of Education, addressed to it at the following address:
The Person County Board of Education
304 South Morgan Street, Room 25
Roxboro, North Carolina 27573-5245
Attention: Superintendent
Copies of any notices, certificates or other communications to the County or the Board of
Education are to be sent also to:
Branch Banking and Trust Company
BB&T Governmental Finance
Attention: Account Administration/Municipal
Re: Person County Agreement Notice
5130 Parkway Plaza Boulevard
Building 9
Charlotte, North Carolina 28217
13.2 Binding Effect. This Lease shall be binding upon and inure to the benefit of the
Board of Education and the County, subject however to the limitations contained in Article XI.
13.3 Net Lease. This Lease shall be deemed and construed to be a “net lease,” and the
Board of Education shall pay absolutely net during the Lease Term all other payments required
hereunder, free of any deductions, and without abatement or setoff.
13.4 Payments Due on Holidays. If the date for making any payment or the last day
for performance of any act or the exercising of any right, as provided in this Lease, shall not be a
Business Day, such payment may be made or act performed or right exercised on the next
preceding day that is a Business Day with the same force and effect as if done on the nominal
date provided in this Lease.
13.5 Severability. In the event that any provision of this Lease, other than the
requirement of the County to provide quiet enjoyment of the Leased Property, shall be held
invalid or unenforceable by any court of competent jurisdiction, such holding shall not invalidate
or render unenforceable any other provision hereof.
13.6 Execution in Counterparts. This Lease may be simultaneously executed in several
counterparts, each of which shall be an original and all of which shall constitute but one and the
same instrument.
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13.7 Applicable Law. This Lease shall be governed by and construed in accordance
with the laws of the State.
13.8 Captions. The captions or headings herein are for convenience only and in no
way define, limit or describe the scope or limit of any provisions or sections of this Lease.
13.9 Memorandum of Lease. At the request of either party, the County and the Board
of Education shall, on or before the Closing Date, execute a memorandum of this Lease legally
sufficient to comply with the laws of the State.
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IN WITNESS WHEREOF, the parties hereto have caused this Lease to be executed in
their corporate names by their duly authorized officers, all as of the day and year first above
written.
PERSON COUNTY, NORTH CAROLINA
By: ____________________________________
Jimmy B. Clayton
Chairman of the Board of Commissioners
for the County
[SEAL]
Attest:
_____________________________
Brenda B. Reaves
Clerk to the Board of Commissioners
for the County
This instrument has been pre-audited in the manner required by The Local Government
Budget and Fiscal Control Act.
Amy Wehrenberg
Finance Director of the County
[Signatures Continued on Following Page.]
295
[Counterpart Signature Page to the Lease dated September 20, 2012
between the Person County Board of Education and
the County of Person, North Carolina]
THE PERSON COUNTY BOARD OF
EDUCATION
By: ____________________________________
Gordon Powell
Chairman of the Board of Education
[SEAL]
Attest
_____________________________
Larry W. Cartner
Secretary of the Board of Education
This installment has been pre-audited in the manner required by The School Budget and
Fiscal Control Act.
Julie H. Masten
Finance Officer of the Board of Education
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STATE OF NORTH CAROLINA )
)
COUNTY OF PERSON )
I, a Notary Public of the County and State aforesaid, certify that Brenda B. Reaves
personally came before me this day and acknowledged that she is the Clerk to the Board of
Commissioners for the County of Person, North Carolina and that by authority duly given and as
the act of said County, the foregoing instrument was signed in its name by the Chairman of said
Board of Commissioners and attested by her as the Clerk to said Board of Commissioners.
Witness my hand and official stamp or seal, this the ____ day of September 2012.
__________________________________________
NOTARY PUBLIC
My Commission Expires:
STATE OF NORTH CAROLINA )
)
COUNTY OF PERSON )
I, a Notary Public of the County and State aforesaid, certify that Larry W. Cartner
personally came before me this day and acknowledged that he is the Secretary of The Person
County Board of Education and that by authority duly given and as the act of said Board of
Education, the foregoing instrument was signed in its name by the Chairman of said Board of
Education and attested by him as the Secretary of said Board of Education.
Witness my hand and official stamp or seal, this the ____ day of September 2012.
__________________________________________
NOTARY PUBLIC
My Commission Expires:
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EXHIBIT A
DESCRIPTION OF THE LEASED SITE
The Leased Site consists of a tract or parcel of land described as follows:
Lying and being in the City of Roxboro, Roxboro Township, Person County, North Carolina and
being all of what is shown and designated as Parcel 1, containing 19.57 acres on that plat of
survey entitled “PERSON COUNTY BOARD OF EDUCATION – SOUTHERN JUNIOR
HIGH SCHOOL”, surveyed by E. B. Wood Land Surveying, P.C., Ernest B. Wood, Jr., RLS,
dated September, 1989 and of record in Plat Cabinet 5, Hanger 769, Person County Registry,
which plat is hereby specifically incorporated by reference herein for greater certainty of
description.
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EXHIBIT B
Copy of Installment Financing Contract attached.
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AGENDA ABSTRACT
Meeting date:
September 17, 2012
Agenda Title:
“Person County Re-Roofing Projects for School Buildings - Capital Project
Ordinance”
Summary of Information:
Finance Director is presenting a Capital Project Ordinance for the re-roofing
projects at Southern Middle School and Person High School. The approval of this
Ordinance allows for the creation of this Project on the County's books and
includes final estimated revenues and expenditures after construction and
engineering bids have been received and awarded. The projected total for this
Project is estimated to be $3,208,092, most of which is sourced from debt
proceeds in the amount of $3,132,538. The remaining revenues of $75,554 are
included as a transfer from the County's CIP Fund to help support the projected
expenditures for any contractual amendments and overages that may occur.
Recommended Action:
To approve the “Person County Re-Roofing Projects for School Buildings -
Capital Project Ordinance”
Submitted By:
Amy Wehrenberg, Finance Director
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PERSON COUNTY RE-ROOFING PROJECTS FOR SCHOOL BUILDINGS
CAPITAL PROJECT ORDINANCE
BE IT ORDAINED by the Board of Commissioners of Person County, North Carolina, that, pursuant to
Section 13.2 of Chapter 159 of the General Statutes of North Carolina, the following capital project
ordinance is hereby adopted:
Section 1 The project authorized is the construction and repair of roofing for Southern Middle School and
Person High School. The project is to be financed by an installment financing under G.S. 160A-20 in
addition to funds provided by Person County, the state and any other revenues that may become
available. Person County is providing $75,554 from the County's CIP Fund for possible project bid
overages.
Section 2 The officers of this unit are hereby directed to proceed with the capital project within the terms
of the financing resolution and the budget contained herein.
Section 3 The following amounts are appropriated for the project:
Re‐Roofing Construction and Repair:
Southern MIddle School ................................................. $ 2,513,722
Person High School......................................................... 568,816
Issuance Costs ..................................................................... 50,000
Contingency......................................................................... 75,554
Total................................................................................... $ 3,208,092
Section 4 The following revenues are anticipated to be available to complete this project:
Transfer from CIP Fund........................................................ $ 75,554
Debt Financing Proceeds..................................................... 3,132,538
Total................................................................................... $ 3,208,092
Section 5 The Finance Director is hereby directed to maintain within the Capital Project Fund sufficient
specific detailed accounting records to satisfy the requirements of any and all applicable requirements of
North Carolina General Statutes. The terms of the financing resolution also shall be met.
Section 6 Funds may be advanced from the General Fund for the purpose of making payments as due.
Any such advances made prior to the securing of adequate financing is intended to be reimbursed from
the proceeds from the financing. Reimbursement requests should be made to the financing institution in
an orderly and timely manner.
Section 7 The Finance Director is directed to report periodically on the financial status of each project
element in Section 3 and on the total revenues received or claimed.
Section 8 The Budget Officer is directed to include a detailed analysis of past and future costs and
revenues on this capital project periodically to the Board.
Section 9 Copies of this capital project ordinance shall be furnished to the Clerk to the Governing Board,
and to the Budget Officer and the Finance Director for direction in carrying out this project.
Adopted this 17th day of September, 2012.
__________________________________ __________________________________
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Jimmy B. Clayton, Chairman Brenda B. Reaves
Person County Board of Commissioners Clerk to the Board
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AGENDA ABSTRACT
Meeting Date: September 17, 2012
Agenda Title: Accept Schedule of Values and set Public Hearing
Summary of Information:
The 2013 revaluation is on schedule and approximately 90% complete. We have been working on
the revaluation for the last couple of years and have visited most of the 26,000 parcels.
We have also made several changes to the schedules, such as updated depreciation tables, land
schedules, SFD grades, code changes, etc.
The Present Use-Value schedules have been changed to coincide with the recommendations
from the NC Dept. of Revenue.
Keep in mind the schedule of values will have to hold through 2017. The goal of Ad Valorem
Property taxation is to remain as close to market as possible.
As a part of the Revaluation process, the schedule of values must be presented to the Board, a
Public Hearing scheduled, and the schedules later approved. I have placed a copy of the
Schedule in the Assessor’s office for public review, included an electronic copy with your
agendas, and placed a copy on the county website.
This morning, I am asking you to schedule a public hearing, and set a tentative date for approval.
I would like for you to consider scheduling the public hearing for October 1, 2012 at 7:00 PM as
part of the next commissioners meeting, and to set October 15, 2012 as a date that the schedules
could be approved. This will allow us the time necessary to meet the advertising guidelines as
required by General Statutes. After approval, there is a 30 day window of time to appeal at the
state level.
Notices of Value, in the form of a letter with an appeal form attached, will be mailed to all
property owners around January 1, 2013.
Recommended Action: Schedule Public Hearing for October 1, 2012 at 7:00pm.
Submitted By: Russell Jones, Tax Administrator
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PERSON COUNTY
2013
PROPOSED
REAL PROPERTY APPRAISAL MANUAL
(RULES AND SCHEDULE OF VALUES)
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PRINCIPLES
OF
REAL PROPERTY
APPRAISAL
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FOREWORD
The ownership of land has always been one of the principal objectives of humanity. The
desire for a home of one's own is a deep-rooted characteristic of American culture. To
many people, property ownership represents financial stability and a sense of belonging
to the community.
In the United States, property ownership is often referred to as a “Bundle of Rights".
These rights are held to include possession, control, enjoyment, and disposition of the
real estate. However, the Federal, state and local governments, subject to certain
powers, or rights, holds the individual’s ownership rights. These limitations on ownership
of real estate are for the general welfare of the community and include, taxation, police
power, eminent domain, and escheat.
This publication will concern itself with only the right of the government to taxation.
Taxation is a charge, by the government, on real estate to raise funds to meet the public
needs of a community. In general, taxes are levied by various taxing bodies such as
states, cities, villages, counties, or school districts, to raise revenue needed for the
performance of various public functions, such as maintaining roads, schools, parks,
police departments, county hospitals, and mental institutions. The tax on real estate is
one of the most important sources of this revenue. Although this tax is encountered in
most, if not all, states, laws regarding levy, assessment, and collection of the tax vary
considerably.
In North Carolina laws and procedural requirements, such as time for general
reappraisal, are set forth in The Machinery Act of North Carolina.
1O5-283. UNIFORM APPRAISAL STANDARD
Except as otherwise provided in this section, all property, real and personal shall be
assessed for taxation at its true value or use value as determined under G.S. 105-277.6,
and taxes levied by all counties and municipalities shall be levied uniformly on
assessments determined in accordance with this section.
Therefore, the Machinery Act should be considered, as incorporated into, and a part of
this manual.
Various constitutional provisions, as well as the Machinery Act, require that taxation of
property be equal and uniform, so that taxpayers owning tracts of substantially equal
value will pay substantially the same amount of taxes. It therefore becomes imperative
that standard guidelines and procedures for assessment, be developed.
It is the purpose of this Person County Real Property Appraisal Manual, to set forth those
guidelines and procedures.
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APPRAISING
Appraising is the establishment and use of systematized facts, principals, and methods,
derived from experimentation, observation and study of the real estate market to achieve
an estimate of value. The accuracy or quality of that estimate is entirely dependent upon
the appraisers' ability to exercise good reasoning and sound judgment in the use of
these principles and methods.
VALUE
Value is an abstract word with many acceptable definitions. In a broad sense, value may
be defined as the relationship between a covenant owner and the desire of a potential
purchaser. It is the power of a good or service to command other goods or services in
exchange. In terms of appraisal, value may be described as the present worth of future
benefits arising from the ownership of real property.
For a property to have value in the real estate market, it must have four characteristics:
1. Utility: The capacity to satisfy human needs and desires.
2. Scarcity: A demand that is greater than the supply.
3. Effective demand: The need or desire for possession or owner-ship backed up by
the financial means to satisfy that need. (Note: When the word demand is used in
economics, effective demand is usually assumed.)
4. Transferability: The transfer of rights of ownership from one person to another with
relative ease.
KINDS OF VALUE
A given piece of real estate may have many different values at the same time, some of
which are listed below.
market value salvage value
insured value book value
assessed value depreciated value
mortgage value condemnation value
FOR ASSESSMENT
The goal of an appraiser is market value. The market value of real estate is the highest
price, in terms of money, which a property will bring in a competitive and open market,
allowing a reasonable time to find a purchaser, who buys the property with knowledge of
all the uses to which it is adapted and for which it is capable of being used.
Included in this definition are the following key points:
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1. Market value is the highest price a property will bring-not the average price or the
lowest price.
2. Payment must be made in cash or its equivalent.
3. Both buyer and seller must act without undue pressure.
4. A reasonable length of time must be allowed for the property to be exposed in the
open market.
5. Both buyer and seller must be well informed or well advised.
6. The potential use of the property as well as its present use must be recognized.
MARKET VALUE VERSUS MARKET PRICE
Market value is an estimated price based on an analysis of comparable sales and other
pertinent market data. Market price, on the other hand, is what a property actually sells
for-its selling price. Theoretically, the ideal market price would be the same as the
market value; however, there are circumstances under which a property may be sold at
below or above market value, such as when a seller is forced to sell quickly or when a
sale is arranged between relatives. Thus, a market price can be taken as accurate
evidence of market value only after considering the relationship of the buyer and the
seller, the terms and conditions of the market, and the effect of the passage of time since
the sale was made.
MARKET VALUE VERSUS COST
It is also important to distinguish between market value and cost. One of the most
common errors made in valuing property is the assumption that cost represents market
value. Cost and market value may be equal, and often are, when the improvements on a
property are new and represent the highest and best use of the land.
However, more often, cost does not equal market value. For example, two homes are
identical in every respect except that one is located on a street with heavy traffic and the
other is on a quiet, residential street. The value of the former may be less than the latter,
although the improvement cost of each may be exactly the same. Another example
would be a situation in which the demand for homes greatly exceeds the available supply
to such an extent that buyers actually pay more than the improvement cost of such
homes in order to secure housing without long delay. In this instance, market value
could easily exceed cost.
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VALUE IN USE VERSUS VALUE IN EXCHANGE
We have defined market value as justifiable price -which buyers; in general will pay in
the market. The question arises then as to the value of property that by nature of its
special and highly unique design is useful to the present owner but relatively less useful
to buyers in the market. One can readily see that such a property's utility value may
differ greatly from its potential sales price. It is even possible that no market for such a
property exists. Such a property is said to have value in use, which refers to
the actual value of a commodity to a specific person, as opposed to value in ex-change
which aligns itself with market value, referring to the dollar-value of a commodity to
buyers in general.
BASIC VALUE PRINCIPLES
Whether an appraisal specifically mentions them or not, there are always a number of
economic principles at work which affect the value of real estate. The more important of
these principles are defined below.
Highest and Best Use - The highest and best use for a property is that use which will
produce the highest net return to the land for a given period of time within the limits of
those uses which are economically feasible, probable and legally permissible.
In appraising a residential location, the determination of highest and best use may not
involve just the income available in money. Amenities or owner satisfaction, such as an
unusual view of the mountains, may be a key factor, and highest and best use today is
not necessarily the highest and best use tomorrow. The highest and best use of the land
often lies in a succession of uses. A declining single-family residential neighborhood
may be ripe for multi-family, commercial or industrial development. Whether it is or not
depends upon the relationship of present or anticipated future demand with existing
supply.
In estimating value, the appraiser is obligated to reasonably anticipate the future
benefits, as well as the present benefits derived from ownership and to evaluate the
property in light of the quality, quantity, and duration of these benefits. It should be noted
here that the benefits referred to are likely benefits based on actual data as opposed to
highly speculative or potential benefits, which are unlikely to occur.
Substitution - This appraisal principle states that the maximum value of a property tends
to be set by the cost of purchasing an equally desirable and valuable substitute property,
assuming that no costly delay is encountered in making the substitution. For example, if
there are two similar houses for sale in an area, the one with the lowest asking price
would normally be purchased first.
Supply and Demand - This principle states that the value of a property will increase if the
supply decreases and the demand either increases or remains constant--and vice versa.
For example, the last lot to be sold in a residential area where the demand for homes is
high would probably be worth more than the first lot that was sold in the area.
Conformity - This principle holds that a stable and uniform value is real, use of land
conforms to existing neighborhood standards. There should be a reasonable degree of
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conformity along social and economic lines. In residential areas of single-family houses,
for example, buildings should be similar in construction, quality, size, and age to other
buildings in the neighborhood, and they should house families of similar social and
economic status.
Anticipation - This principle holds that value can increase or decrease in anticipation of
some future benefit or detriment affecting the property. For example, the value of a
house may be affected if there are rumors that the block on which the house is located
may be converted to commercial use in the near future.
Increasing and Decreasing Returns - This principle holds that improvements to land and
structures will eventually reach a point at which they will have no effect on property
values. If money spent on such improvements produces an increase in income or value,
the law of increasing returns is applicable. But at the point where additional
improvements will not produce a proportionate increase in income or value, the law of
decreasing returns applies.
Contribution - This principle holds that the value of any component of a property consists
of what its addition contributes to the value of the whole or what its absence detracts
from that value. For example, the cost of installing an air conditioning system and
remodeling an older office building may be greater than is justified by the rental increase
that may result from the improvement to the property.
Competition - This principle holds that excess profits attract competition and that
competition often destroys profits. For example, the success of a retail store may attract
investors to open similar stores in the area. This tends to mean less profit for all stores
concerned unless the purchasing power in the area increases substantially.
The Principle of Change - The impact of change on the value of real property manifests
itself in the life cycle of a neighborhood. The cycle is characterized by three stages of
evolution; the development and growth evidenced by improving values; the leveling off
stage evidenced by static values; and finally the stage of infiltration and decay evidenced
by declining values.
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APPRAISAL METHODS
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THE THREE APPROACHES TO VALUE
In order to arrive at an accurate estimate of value, three basic approaches, or
techniques, are traditionally used by appraisers: the market data approach, the cost
approach, and the income approach. Each method serves as a check against the others
and narrows the range within which the final estimate of value will fall.
The Market Data, or Sales Comparison, Approach to Value. In the market data
approach, an estimate of value is obtained by comparing the subject property (the
property under appraisal) with recent sales of generally comparable properties
(properties similar to the subject). Since no two parcels of real estate are exactly alike,
each such property must be compared to the subject property and the sales prices
adjusted for any dissimilar features. After careful analysis of the differences between
comparable properties and the Subject property, the appraiser assigns either a dollar or
a percentage value to these differences.
The principal factors for which adjustments must be made fall into four basic categories:
1. Date of sale: An adjustment must be made if economic changes occur between
the date of sale of the comparable property and the date of the appraisal.
2. Location: An adjustment may be necessary to compensate for location differences.
For example, similar properties might differ in price from neighborhood to
neighborhood, or even in more desirable locations within the same neighborhood.
3. Physical features: Physical features which may cause adjustments include age, size
of lot, landscaping, type and quality of construction, number of rooms, square feet of
living space, interior and exterior condition, presence or absence of a garage,
fireplace, air conditioner, and so forth.
4. Terms and conditions of sale: This consideration becomes important if a sale is not
financed by a present standard financing procedure.
The market data approach is considered essential in almost every appraisal of real
estate. It is considered the most reliable of the three approaches in appraising
residential property, where the amenities (the intangible benefits) are so difficult to
measure.
The Cost Approach to Value - The cost approach is based on the principle of
substitution, which states that the maximum value of a property tends to be set by the
cost of acquiring an equally desirable and valuable substitute property, assuming that no
costly delay is encountered in making the substitution.
The cost approach consists of five steps:
1. Estimate the value of the land as if it were vacant and available to be
put to its highest and best use.
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2. Estimate the current cost of constructing the building(s) and site improvements.
3. Estimate the amount of accrued depreciation resulting from physical deterioration,
functional obsolescence, and/or economic obsolescence.
4. Deduct accrued depreciation from the estimated construction cost of new building(s)
and site improvements.
5. Add the estimated land value to the depreciated cost of the building(s) and site
improvements to arrive at the total property value.
Land value (step 1) is estimated by using the market data approach: that is, the location,
conditions and improvements of the subject site are compared to those of similar sites,
and adjustments are made for significant differences.
There are two ways to look at the construction cost of a building for appraisal purposes
(step 2): reproduction cost and replacement cost. Reproduction cost is the dollar amount
required to construct an exact duplicate of material and construction practices of the
subject building at current prices. Replacement cost would be the construction cost at
current prices of the subject building using present day materials and construction
practices that produces a very similar although not exact duplicate and serves the same
purpose or function as the original. Replacement cost is most often used in assessing,
since it eliminates obsolete materials and takes advantage of current construction
techniques. Either the reproduction or the replacement cost of a building is usually
estimated by measuring the number of square feet or cubic feet contained in the
structure and multiplying by the current cost per square or cubic foot to construct a
similar building. From the reproduction or replacement cost so produced, the appraiser
deducts depreciation, which is the loss of value from any cause.
The Income Approach to Value - The income approach measures the present worth of
the future benefits of a property by the capitalization of the net income stream over the
estimated remaining economic life of the property. The approach involves making an
estimate of the effective gross income of a property, derived by deducting the
appropriate vacancy and collection losses from its estimated gross market rent, as
evidenced by the present market yield of comparable properties. From this figure then is
deducted applicable operating expenses, the cost of taxes and insurance, and reserve
allowances for replacements resulting in an estimate of net income, which may then be
capitalized into an indication of value.
This approach obviously has its basic application in the appraisals of properties
universally bought and sold on their ability to generate and maintain a stream of income
for their owners. The effectiveness of the approach lies in the appraisers ability to relate
to the changing economic environment and to analyze income yields in terms of their
relative quality and durability.
Reconciliation - If the three approaches are applied to the same property, they will
normally produce three separate indications of value. Reconciliation is the art of
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analyzing and effectively weighing the findings from the three approaches.
Reconciliation was formerly called correlation by the appraisers.
Although each approach may serve as an independent guide to value, whenever
possible, all three approaches should be used as a check on the final estimate of value.
The process of reconciliation is more complicated than simply taking the average of the
three value estimates. An average implies that the data and logic applied in each of the
approaches are equally valid and reliable and should therefore be given equal weight. In
fact, however, certain approaches are more valid and reliable with some kinds of
properties than with others. For example, in appraising a home, the income approach is
rarely used, and the cost approach is of limited value unless the home is relatively new;
therefore, the market data approach is usually given greatest weight in valuing single-
family residences. In the appraisal of income or investment property, the income
approach would normally be given the greatest weight. In the appraisal of churches,
libraries, museums, schools, and other special-use properties where there is seldom an
income and few sales, if any, the cost approach would usually be assigned the greatest
weight. From this analysis, or reconciliation, a single estimate of market value is
produced.
APPLYlNG THE COST APPROACH
Since estimating the land value is covered in a separate section, this section will address
itself to the two remaining elements - Cost and Depreciation of Improvements.
Estimating Cost
Cost includes the total cost of construction incurred by the builder whether preliminary to,
during the course of, or after completion of the construction of a particular improvement.
Among these are material, labor, all subcontracts, contractor’s overhead and profit,
architectural and engineering fees, consultation fees, survey and permit fees, legal fees,
taxes, insurance, and the cost of interim financing.
There are various methods that may be employed to estimate cost. The methods widely
used in the appraisal field are the quantity-survey method, the unit-in-place or
component part-in-place method, and the model method.
The Quantity-Survey Method involves a detailed itemized estimate of the quantities of
various materials used, labor and equipment requirements, architect and engineering
fees, contractors' overhead and profit, and other related costs. Contractors and cost
estimators primarily employ this method for bidding and budgetary purposes and are
much too laborious and costly to be effective in everyday appraisal work, especially in
the mass appraisal field. The method, however, does have its place in that it is used to
develop certain unit-in-place costs that can be more readily applied to estimating for
appraisal purposes.
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The Unit-In-Place Method is employed using in-place cost estimates (including material,
labor, overhead and profit) for various structural components. The prices established for
the specified components are related to their most common units of measurement such
as cost per yard of excavation, cost per linear foot of footings, and cost per foot of floor
covering.
The unit prices can then be multiplied by the respective quantities of each as they are
found in the composition of the subject building to derive the whole dollar component
cost, the sum of which is equal to the estimated cost of the entire building, providing, of
course, that due consideration is given to all other indirect costs which may be
applicable. This method of using basic units can also be extended to establish prices for
larger components in-place such as complete structural floors (including the finish
flooring, sub-floor, joists, and framing), which are likely to reoccur repeatedly in a number
of buildings.
The Model Method is still a further extension in that unit-in-place costs used to develop
base unit square foot or cubic foot costs for total specified representative structures in
place, which may then serve as "models" to derive the base unit cost of comparable
structures to be appraised. The base unit cost of the model most representative of the
subject building is applied to the subject building and appropriate tables of additions and
deductions are used to adjust the base cost of the subject building to account for any
significant variations between it and the model.
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APPLYING
THE
APPRAISAL METHODS
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APPLYING THE MARKET DATA APPROACH
An indication of the value of a property can be derived from analyzing the selling prices
of comparable properties. The use of this technique often referred to as the "comparison
approach" or "comparable sales approach” involves the selection of a sufficient number
of valid comparable sales and the adjustment of each sale to the subject property to
account for variations in time, location, and site and structural characteristics.
Selecting Valid Comparables
Since market value has been defined as the price which an informed and intelligent
buyer, fully aware of the existence of competing properties and not being compelled to
act is justified in paying for a particular property, it follows that if market value is to be
derived from analyzing comparable sales, that the sales must represent valid "arms
length" transactions. Due consideration must be given to the conditions and
circumstances of each sale before selecting the sales for analysis. Some examples of
sales, which do not normally reflect valid market conditions, are as follows:
Sales in connection with foreclosures, bankruptcies, condemnations and other
legal action.
Sales to or by federal, state, county and local governmental agencies.
Sales to or by religious, charitable or benevolent tax exempt agencies.
Sales involving family transfers, or "love and affection".
Sales involving intra-corporate affiliations.
Sales involving the retention of life interests.
Sales involving cemetery lots.
Sales involving mineral or timber rights, and access or drainage rights.
Sales involving the transfer of part interests.
Sales made at public or private auction.
In addition to selecting valid market transactions, it is equally important to select
properties, which are truly comparable to the property under appraisal. For instance,
sales involving both real property and personal property or chattels may not be used
unless the sale can, with reliable facts, be adjusted to reflect only the real property
transaction, nor can sales of non-operating or deficient industrial plants be validly
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compared with operating or non-deficient plants. The comparables and subject
properties must exhibit the same use, and the site and structural characteristics must
exhibit an acceptable degree of comparability.
Processing Comparable Sales
All comparables must be adjusted to the subject property to account for variations in time
and location. The other major elements of comparison will differ depending upon the
type of property under appraisal. In selecting these elements, the appraiser must give
prime consideration to the same factors which influence the prospective buyers of
particular types of properties.
The typical homebuyer is interested in the property's capacity to provide himself and his
family a place to live. He is primarily concerned with the living area, utility area, number
of rooms, number of baths, age, structural quality and condition, and the modern kitchen
and recreational conveniences of the house. He is equally concerned with the location
and neighborhood, including the proximity to and the quality of schools, public
transportation, and recreational and shopping facilities.
In addition to the residential amenities, the buyer of agricultural property is primarily
interested in the productive capacity of the land, the accessibility to the market place,
and the condition and utility value of the farm buildings and structures on the land.
The typical buyer of commercial property including warehousing and certain light
industrial plants is primarily concerned with its capacity to produce rent. He will be
especially interested in the age, design and structural quality and condition of the
improvements, the parking facilities, and the location relative to transportation, labor
markets, material source, material market and trade centers.
In applying the market data approach to commercial/industrial property, the appraiser will
generally find it difficult to locate a sufficient number of comparable sales, especially of
properties that are truly comparable in their entirety. He will, therefore, generally find it
necessary to select smaller units of comparison such as price per square foot, per unit,
per room, etc. In doing so he must exercise great care in selecting a unit of comparison
that represents a logical common denominator for the properties being compared. A unit
of comparison, which is commonly used and proven to be fairly effective, is the Gross
Rent Multiplier, generally referred to as G.R.M., which is derived by dividing the gross
annual income into the sales price. Using such units of comparison enables the
appraiser to compare two properties, which are similar in use and structural features, but
differ significantly in size and other characteristics.
Having selected the major factors of comparison, it remains for the appraiser to adjust
each of the factors to the subject property. In comparing the site he must make
adjustments for significant variations in size, shape, topography and land improvements.
In comparing the structures, he must make similar adjustments for size, quality, design,
condition, and significant structural and mechanical components. The adjusted selling
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prices of the comparable properties will establish a range in value in which the value of
the subject property will fall. Further analysis of the factors should enable the appraiser
to narrow the range down to the value level which is most applicable to the subject
property.
Developed and applied properly, these pricing techniques will assist the appraiser in
arriving at valid and accurate estimates of cost as of a given time. That cost generally
represents the upper limit of value of a structure. The difference between its cost new
and its present value is depreciation. The final step in completing the Cost Approach
then is to estimate the amount of depreciation and deduct said amount from the cost
new.
Depreciation
Simply stated, depreciation can be defined as "a loss in value from all causes. As
applied to real estate, it represents the loss in value between its present value and the
sum of the cost new as of a given time. The causes for the loss may be divided into
three broad classifications: Physical Deterioration, Functional Obsolescence, and
Economic Obsolescence.
Physical Deterioration pertains to the wearing out of the various improvement
components, through the action of the elements, weather and use. The condition may
be considered either "curable" or "incurable," depending upon whether it may or may not
be practical and economically feasible to cure the deficiency by repair and replacement.
Functional Obsolescence is a condition caused by either inadequacies or over-
adequacies in design, style, composition, or arrangement inherent to the structure itself,
which tend to lessen its usefulness as related to present day desires. Like physical
deterioration, the condition may be considered either curable or incurable. Some of the
more common examples of functional obsolescence are excessive wall and ceiling
heights, excessive structural construction, surplus capacity, ineffective layouts, and
inadequate building services.
Economic Obsolescence is a condition caused by factors unrelated to the property itself,
such as changes in population characteristics and economic trends, encroachment of
inharmonious property uses, excessive taxes, and governmental restrictions. The
condition is generally incurable in that the causes lie outside the property owner's realm
of control.
Estimating Depreciation
An estimate of depreciation represents an opinion of the appraiser as to the degree that
the present and future appeal of a property has been diminished by deterioration and
obsolescence. Of the three estimates necessary to the cost approach, it is the one most
difficult to make. The accuracy of the estimate will be a product of the appraiser 's
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experience in recognizing the symptoms of deterioration and obsolescence and his
ability to exercise sound judgment in equating his observations to the proper monetary
allowance to be deducted from the cost new. There are several acceptable guidelines
which may be employed:
Physical deterioration, functional, and economic obsolescence can be observed by
comparing the physical condition, functional deficiencies and the economic status of the
subject property as of a given time with either an actual or hypothetical, comparable, new
and properly planned structure.
Curable physical deterioration and functional obsolescence can be measured by
estimating the cost of restoring each item of depreciation to a physical condition as good
as new, or estimating the cost of eliminating the functional deficiency.
Economical obsolescence generally being an incurable and immeasurable by standards
of restoration will best be measured by extrapolating its observed loss from the market
place.
Physical, functional and economic obsolescence may also be measured by capitalizing
the estimated loss in rental due to the deficiency.
Total accrued depreciation may be estimated by first estimating the total useful life of a
structure and then translating its present condition (physical), usefulness (functional),
and desirability (economic), into an effective useful life which when weighed would
represent that portion of its total life (percentage) which has been used up.
APPLYING THE INCOME APPROACH
Since the justified price paid for income producing property is no more than the amount
of investment required to produce a comparably desirable return, and since the market
can be analyzed in order to determine the net return actually anticipated by investors, it
follows that the value of income producing property can be derived from the income
which it is capable of producing. What is involved is an estimate of income through the
collection and analysis of available economic data; the development of a proper
capitalization rate; and the processing of the net income into an indication of value by
employing one or more of the acceptable capitalization methods and techniques.
The Principles of Capitalization
Capitalization is the mathematical process for converting the net income produced by
property into an indication of value. The process evolves out of the principles of
perpetuity and termination. Perpetuity affirms that the net income produced by land will
continue for an infinite period of time. Termination affirms that the net income produced
by a building (assuming normal repairs and maintenance) will stop after a certain number
of years... this in effect is to say that all buildings at some time in the future will cease to
have economic value.
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If the income flow produced by a building will terminate in the future, it is reasonable to
suggest that the investor in buildings is entitled to the return of his investment as well as
a return on his investment. In the capitalization process, this recovery of the investment
is referred to as recapture. Theoretically, the recovered capital would be used to replace
the present structure when it ceases to have value. In actual practice, however, the
investor usually uses the return capital for debt service or for reinvestment in other
projects.
Several methods of capitalization are currently employed by appraisers. All the methods
recognize that the investor is entitled to both a return on and the recapture of his
investment.
Exploring the Rental Market
The starting point for the appraiser is an investigation of current market rent in a specific
area in order to establish a sound basis for estimating the gross income which should be
returned from competitive properties. The appraiser must make a distinction between
market rent being the rent which property is normally expected to bring in the open
market, as opposed to contract rent or the rent which the property is actually realizing at
the time of the appraisal due to lease terms established some time in the past.
The first step then is to obtain specific income and expense data on properties which
best typify normal market activity. The data is necessary to develop local guidelines for
establishing the market rent and related expenses for various types of properties.
The next step is to similarly collect income and expense data on individual properties,
and to evaluate the data against the established guidelines. The collection of income and
expense data is an essential phase in the valuation of commercial properties. The
appraiser is primarily concerned with the potential earning power of a property. His
objective is to estimate its expected net income. Income and Expense Statements of
past years are valuable only to the extent which they serve this end. The statements
must not only be complete and accurate, but must also stand the test of market validity.
Consideration of the following factors should assist the appraiser in evaluating the data
in order to arrive at an accurate and realistic estimate of net income.
Questions Relating to Income Data
Was the reported income produced entirely by the subject property? Very often the
rental will include an amount attributable to one or more additional parcels of real estate.
In this case, it would be necessary to obtain the proper allocations of rent.
Was the income attributable to the subject property as it physically existed at the time of
listing, or did the property include the value of leasehold improvements and remodeling
for which the tenant paid in addition to rent? If so, it may be necessary to adjust the
income to reflect the proper rent.
Does the reported income represent a full year’s return? It is often advisable to obtain
both monthly and annual amounts as a cross-check.
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Does the income reflect current market rent? Is either part or all of the income
predicated on old leases? If so, what are the provisions for renewal options and rates?
Does the reported income reflect 100% occupancy? What percentage of occupancy
does it reflect? Is this percentage typical of this type of property, or is it due to special
non-recurring causes?
Does the income include rental for all marketable space? Does it include an allowance
for space, if any, which is either owner-or manager-occupied? Is the allowance realistic?
Is the income attributable directly to the real estate and conventional amenities. Is some
of the income derived from furniture and appliances? If so, it will be necessary to adjust
the income or make provisions for reserves to eventually replace them, whichever local
custom dictates.
In many properties an actual rental does not exist because the real estate is owner-
occupied. In this event, it is necessary to obtain other information to provide a basis to
estimate market rent. The information required pertains to the business operation using
the property. Proper analysis of the annual operating statement of the business
including gross sales or receipts can provide an accurate estimate of market rent.
Analysis of Expense Data
The appraiser must consider only those expenses which are applicable to the cost of
ownership. Any portion of the expenses incurred either directly or indirectly by the tenant
need not be considered. Reimbursed expenses can only be considered when the
amount of reimbursement is included as income. Each expense item must stand the test
of both legitimacy and accuracy. How do they compare with the established guidelines
and norms? Are they consistent with the expenses incurred by comparable properties?
Management refers to the cost of administration. These charges should realistically
reflect what a real estate management company would actually charge to manage the
property. If no management fee is shown on the statement, a proper allowance must be
made by the appraiser. On the other hand, if excessive management charges are
reported, as is often the case, the appraiser must disregard the reported charges and
use an amount which he deems appropriate and consistent with comparable type
properties. The cost of management bears a relationship with the risk of ownership and
will generally range between 1 to 10% of the gross income.
General expenses includes such items as the cost of services and supplies not charged
to a particular category, unemployment and F.I.C.A. taxes, Workmen’s Compensation,
and other employee insurance plans are legitimate deductions.
Miscellaneous expenses is the “catch-all" category for incidentals. This item should
reflect a very nominal percentage of the income. If the expenses reported seem to be
excessive, the appraiser must examine the figures carefully in order to determine if they
are legitimate expenses and, if so, to allocate them to their proper category.
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Cleaning expenses are legitimate charges. They are for such items as general
housekeeping and maid service and include the total cost of labor and related supplies.
All or a portion of the cleaning services may be provided by outside firms working on a
"contract" basis. Cleaning expenses vary considerably and are particularly significant in
operations such as offices and hotels. "Rule of the thumb" norms for various operations
are made available through national management associations. The appraiser should
have little difficulty in establishing local guidelines.
Utilities are generally legitimate expenses and, if reported accurately, need very little
reconstruction by the appraiser other than to determine if the charges are consistent with
comparable properties. Local utility companies can provide the appraiser with definite
guidelines.
Heat and Air Conditioning costs are often reported separately and in addition to utilities.
The expenses would include the cost of fuel other than the above-mentioned utilities and
may include, especially in large installations, the fireman's wages, the cost of related
supplies, inspection fees, and maintenance charges. These are generally legitimate
costs and the same precautions prescribed for "utilities" are in order.
Elevator expenses, including the wages and uniforms of elevator attendants and the cost
of repairs and services, are legitimate deductions. Repairs and services are generally
handled through service contracts and can be regarded as fairly stable annual recurring
expenses.
Decorating and minor alterations are necessary to maintain the income stream of many
commercial properties. In this respect, they are legitimate expenses. However, careful
scrutiny of these figures is required. Owners tend to include the cost of major alterations
and remodeling which are, in fact, capital expenditures and as such are not legitimate
operating expenses.
Repairs and Maintenance expenses reported for any given year may not necessarily be
a true indication of the average or typical annual expense for these items. For example,
a statement could reflect a substantial expenditure for a specific year (possibly because
the roof was replaced and/or several items of deferred maintenance were corrected); yet
the statement for the following year may indicate that repairs and maintenance charges
were practically nil. It is necessary for the appraiser to either obtain complete economic
history on each property in order to make a proper judgment as to the average annual
expenses for these items or include a proper allowance in the building capitalization rate
to cover these annual expenses. Since it is neither possible nor practical to obtain
enough economic history on every property, the latter method is generally used and the
amounts reported for repairs and maintenance are not deducted as an expense item.
Careful consideration must be given to the allowance used in the building capitalization
rate as the cost of repairs and maintenance for commercial buildings will vary
considerably depending on age, condition, the general quality of construction, and labor
costs.
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Note that custodian charges such as wages of janitors, watchmen, doormen, porters,
etc., must always be analyzed to determine if they are consistent with current wages.
Consideration has to be given to the living quarters occupied by such employees. The
economic rent attributable to the space should be included in the income estimate. The
costs incurred in providing this space and other renumerations should be deducted as an
expense item.
Fixed expenses include those items which show no, or very little, variation from year to
year. It is practical to treat these items individually.
Insurance. As was the case of some other expense items, the amount reported for
insurance in any given year may not be indicative of the actual annual expense. Many
owners obtain the more economical 3-year coverage plans and expense the entire
premium in one year. Furthermore, many owners obtain "blanket" coverage for more
than one building and fail to make the proper allocations of cost. lt is generally more
effective for the appraiser to establish his own guide lines. He must be careful to include
only items applicable to real estate. Fire extended coverage and owner's liability are the
main insurance expense items. Separate coverage’s on different components of the
building, such as elevators and plate glass, are also legitimate expenses. This factor is
usually built into the building capitalization rate; however, in some instances, it will be
necessary to adjust the rate to reflect unusual conditions related to specific properties.
Real Estate Taxes. In making appraisals for tax purposes, the appraiser will find it more
convenient to exclude the actual amount reported for real estate taxes. Since future
taxes will be based upon his appraised value, he can readily provide for this expense
item by including it in his capitalization rate.
Other Taxes. Expenses reported in this category, such as income taxes, corporate taxes
and franchise taxes, usually do not pertain to the real estate and should, therefore, be
disregarded.
Depreciation. The appraiser provides for this expense by the recapture rate which he
includes in his building capitalization rate. The amount reported for depreciation is a
"bookkeeping figure" which the owner uses for Internal Revenue Purposes and should
not be considered in the income approach. In newer properties, this figure may provide
an accurate indication of the original cost.
Interest. Interest on borrowed capital is not a legitimate expense. All property is
appraised as if it were "free and clear." It makes no difference to the appraiser whose
money is used for purchasing the property. If a portion of the investment is borrowed
capital, the owner of the fee (the property) is entitled only to a return on that portion of
the property he owns, while the return on the balance of the investment is assigned to
the holder of the mortgage. Interest paid for borrowed capital is not a deductible
expense since interest on the total investment, as normal return, is considered in the
capitalization rate.
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Land Rent. Land rent is paid in lieu of purchasing the land and is generally not
considered an expense item in the capitalization process. It is, however a significant
item in that it may have a direct bearing upon the market value of a property. Land
leases have the tendency to influence value of property upward or downward depending
upon whether or not they are favorable or unfavorable to a prospective buyer. It is,
therefore, advisable to obtain the amount and terms of all leases whenever possible.
It is evident at this point that there are some expense items listed above which the
appraiser should disregard. The question may come up, then, why ask for the
information if we do not intend to use it? The answer is that expense forms should be
designed to accommodate property owners and/or accountants. Their records include
these categories, and if space is not provided to enter these items on the form, they have
the tendency to either lump all of them under "Miscellaneous" or to include them in other
categories, making it very difficult for the appraiser to abstract the legitimate deductions.
Developing Capitalization Rates
It is virtually impossible and certainly not practical to obtain a complete economic history
on every commercial property we appraise. On many properties, however, we do obtain
detailed economic information through the use of Income and Expense forms. We must
realistically recognize the fact that the data obtainable on some properties is definitely
limited.
In most cases, the gross income and a list of the services and amenities furnished can
be obtained in our listing operation. Therefore, in order to insure a good appraisal, a
number of the operating expenses necessary to maintain that gross income are best
provided for by including percentage allowances in our land and building capitalization
rates. These are of course, in addition to the Interest and Recapture Rates.
A capitalization rate established for use in appraising for Ad Valorem Taxes will generally
consist of the following factors:
1. Recapture... or the annual rate of return of the depreciable items of a real
estate investment.
2. Interest Rate or Discount Rate.. the annual rate of return on a real estate
investment.
3. Tax, Insurance, and Maintenance Rates... or the annual rate of return on the
total real estate investment required to pay the annual cost of each of these
expenses.
4. Contingency Rate... or the annual rate of return on the total real estate
investment required to pay the annual cost of unusual and unanticipated
expenses.
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RECAPTURE RATE - The straight-line method of recapture is the simplest method and
the one which seems to most reflect the action of the investors in general. It calls for the
return of capital in equal increments or percentage allowances spread over the estimated
remaining economic life of the building.
Examples:
50 years remaining; 100%/50yrs= 2.0%per year
40 years remaining; 100%/40yrs= 2.5%per year
25 years remaining; 100%/25yrs= 4.0%per year
INTEREST or DISCOUNT RATE - There are several methods currently employed by
appraisers to determine the acceptable normal rate of return expected by investors. The
Band of Investment Method and the Direct Comparison Method are considered below.
Repeating these procedures on an adequate representative sampling should provide the
appraiser with a pattern from which he would be able to select the most appropriate
indicated rate of interest.
In the Band of Investment Method, it is necessary to first determine the rate of return
local investors require on their equity (cash outlay). It is then necessary to contact
lenders and obtain the current interest rates for money and the amount of equity
required, and then to multiply the percentages of equity and mortgage by the investors'
and lenders' rates. The sum of these products will indicate the actual rate of return.
Equity Rate 12% - Mortgage Rate 8%
Amount of Equity………..20% x 12% = 2.4%
+Amount of Mortgage … 80% x 8% = 6.4%
=Indicated Rate of Return…………….= 8.8%
Equity Rate 15% - Mortgage Rate 8%
Amount of Equity……….25% x 15% = 3.75%
+Amount of Mortgage .. 75% x 8% = 6.00%
=Indicated Rate of Return…………...= 9.75%
In the Direct Comparison Method, the appraiser extracts the rate of return directly from
actual market data; for it can be reasonably assumed that in-formed investors fully aware
of the existence of comparable properties will invest in those properties which are able to
produce the required and desirable net return.
Following are the steps involved in determining the normal rate of return by the Direct
Comparison Method.
1. Collect sales data on valid open market transactions involving properties for
which the appraiser is able to accurately estimate both the net income and the
land or building value.
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2. Allocate the proper amounts of the total sales price to land and buildings.
3. Estimate the remaining economic life of the building and compute the amount
of return required annually for the recapture of the investment to the building.
4. Determine the net income before recapture.
5. Deduct the amount required for recapture from the net income. The residual
amount represents the actual amount of interest.
6. Divide the actual amount of interest by the sales price to convert it into a
percentage rate of return.
Example A:
1. Sale Price = $165,000.00
2. Amount allocated to land = $64,000.00; to building = $101,000.00
3. Remaining Life = 20 years
Annual Rate of Recapture = 100% / 20 years = 5% per year
Amount required annually = $101,000.00 x 5% = $5,050.00 per year
4. Net Income before Recapture……. $20,345.00
5. Less Recapture………………………..-5,050.00
Discount………………………………$15,295.00
6. Indicated Rate of Return = $15,295.00 / $165,000.00 = 9.27%
Example B:
1. Sale Price = $135,000.00
2. Amount allocated to land = $50,000.00; to building = $85,000.00
3. Remaining Life = 25 years
Annual Rate of Recapture = 100% / 25 years = 4% per year
Amount required annually = $85,000.00 x 4% = $3,400.00 per year
4. Net Income before Recapture…….= $16,000.00
5. Less Recapture…………………………-3,400.00
Interest……………………………….= $12,600.00
6. Indicated Rate of Return = $12,600 / $135,000.00 = 9.33%
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EFFECTIVE TAX RATE - To make the proper provisions for real estate taxes, the
appraiser must anticipate two factors:
1. The tax rate for assessed valuation; and
2. The percentage of the appraised value to be used for assessment purposes.
The annual rate required to pay the cost of taxes can then be calculated by multiplying
the tax rate in dollars per $100.00 assessment (equivalent to a percentage) by the
percentage level of assessment.
Examples:
A B C
Tax Rate per $100.00 Assessment:…. .50 .75 1.00
x Percentage Level of Assessment … . 85% 85% 85%
=Required .43 .64 .85
MAINTENANCE AND INSURANCE RATES - It is essential that these figures reflect local
conditions. The actual local cost may be extracted from income and expense data
collected from available technical publications.
CONTINGENCY RATE. The percentage allowance for contingencies should be
established at the local level. This element provides the appraiser some flexibility in:
A. Arriving at a proper market value based on the individual project
requirements.
B. Providing some consideration for unusual expenses that may occur on
properties appraised without the benefit of a detailed operating statement.
TOTAL LAND RATE - Since the income produced by land will theoretically continue for
an infinite period of time, it is not necessary to recapture the investment to land. The
capitalization rate applicable to land is therefore, the sum of the Discount Rate and the
Effective Tax Rate.
TOTAL BUILDING RATE - A building is a depreciable item. Since the income produced
by a building will terminate in a given number of years, it is necessary to recapture the
investment in the buildings. The capitalization rate applicable to buildings is, therefore,
the sum of the Discount Rate, the Recapture Rate, the Effective Tax Rate, the
Maintenance Rate, the Insurance Rate, and the Contingency Rate.
Since it's the appraiser’s job to interpret the local real estate market, it's quite obvious
that the capitalization rates he uses must also reflect the actions of local investors.
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Capitalization Methods
The most prominent methods of capitalization are Direct, Straight Line, Sinking Fund,
and Annuity. Each of these is a valid method for capitalizing income into an indication of
value. The basis for their validity, as we have seen, lies in the action in the market which
indicated that the value of income producing property can be derived by equating the net
income with the net return anticipated by informed investors. This can be expressed in
terms of a simple equation:
VALUE = NET INCOME / CAPITALIZATION RATE
In Direct Capitalization the appraiser determines a single "over-all" capitalization rate.
This is done by analyzing actual market sales of similar types of properties. He develops
the net income for each property and divides the net income by the sales price to arrive
at an over-all rate of return. The net income of the subject property is then divided by the
appropriate overall rate to provide an indication of value.
The big disadvantage of this method is that it does not provide for using separate rates
for land and buildings. It therefore calls for a highly subjective judgment on the part of
the appraiser in applying an over-all rate to properties having different land-to-building
ratios.
The statement that Mortgage-Equity Capitalization is a sophisticated form of direct
capitalization may perhaps be an over-simplification, but is never-the-less true. The
major difference in the two approaches is in the development of the over all rate.
In this method, equity yields and mortgage terms are considered influencing factors in
construction of the lease rate. In addition, a plus or minus adjustment is required to
compensate for anticipated depreciation or appreciation. This adjustment can be related
to the recapture provisions used in other capitalization methods and techniques.
The Straight Line and Sinking Fund methods are both actually forms of Direct
Capitalization with one using Straight Line recapture and the other using Sinking Fund
recapture, differing only in that they provide for separate capitalization rates for land and
buildings; the building rate differing from the land rate in that it includes an allowance for
recapture.
Straight Line recapture calls for the return of investment capital in equal increments or
percentage allowances spread over the estimated remaining economic life of the
building.
Sinking Fund recapture calls for the return of invested capital in one lump sum at the
termination of the estimated remaining economic life of the building. This is
accomplished by providing for the annual return of a sufficient amount needed to invest,
and annually re-invest, in "safe" interest-bearing accounts, such as government bonds or
regular savings accounts, which will ultimately yield the entire capital investment during
the course of the building's economic life.
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Annuity Capitalization lends itself to the valuation of long term leases. In this method,
the appraiser determines, by the use of annuity tables, the present value of the right to
receive a certain specified income over the stipulated duration of the lease. In addition
to the value of the income stream, the appraiser must also consider the value that the
property will have once it reverts back to the owner at the termination of the lease. This
reversion is valued by discounting its anticipated value against its present day worth.
The total property value then is the sum of the capitalized income stream plus the
present worth of the reversion value.
Residual Techniques
It can readily be seen that any one of the factors of the Capitalization Equation (Value =
Net Income / Capitalization Rate) can be determined if the other two factors are known.
Furthermore, since the value of property is the sum of the land value plus the building
value, it holds that either of these can be determined if the other is known. The uses of
these mathematical formulas in capitalizing income into an indication of value are
referred to as the residual techniques, or more specifically, the property residual, the
building residual, and the land residual techniques.
The Property Residual Technique is an application of Direct Capitalization. In this
technique, the total net income is divided by an over-all capitalization rate (which
provides for the return on the total investment to land and buildings plus the recapture of
the investment to the building) to arrive at an indicated value for the property.
The Building Residual Technique requires the value of the land to be a known factor.
The amount of net income required to earn an appropriate rate of return on the land
investment is deducted from the total net income. The remainder of the net income
(residual) is divided by the building capitalization rate, which is composed of the return
on the investment plus the recapture of the investment plus the effective tax rate, to
arrive at an indicated value for the building.
The Land Residual Technique requires the value of the building to be a known factor.
The amount of net income required to provide both a proper return on and the recapture
of the investment is deducted from the total net income. The remainder of the net
income (residual) is then divided by the land capitalization rate, which is composed of the
return on the investment plus the effective tax rate, to arrive at an indicated value for the
land.
The following are examples of the application of the residual techniques to a property
yielding an annual net income of $10,000.00. The remaining life of the building is
estimated to be 25 years, and the indicated normal rate of return to be 8%.
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PROPERTY RESIDUAL TECHNIQUE
Analysis of market data involving the sales of comparable properties indicates that
investors will invest for a total net return amounting to 11% of the investment.
Net Income………………………………………………………………= $10,000.00
Property Value = Net Income / Capitalization
Rate = $10,000.00 / 11%…………………………………………….= $90,900.00
BUILDING RESIDUAL TECHNIQUE (Straight-Line Recapture)
Land Value = $20,000.00
Recapture Rate = 100% / 25 years = 4%
Land Capitalization Rate = 8% (7% Discount Rate + 1% Effective Tax Rate)
Building Capitalization Rate = 12% (7% Discount Rate + 4% Recapture Rate + 1%
Effective Tax Rate)
Net Income………………………………………………………………… $10,000.00
Amount of net income imputable to land
($20,000.00 x 8%) ………………………………………………………..= -1,600.00
Residual Income Imputable to Building ………..………………………= $ 8,400.00
Building Value = Net Income / Capitalization
Rate = $8,400.00 / 12%……………………………………………….= $70,000.00
Land Value…………………………………………………………….….= $20,000.00
Property Value………………………………………………………..…..= $90,000.00
LAND RESIDUAL TECHNIQUE (Straight-Line Recapture)
Building Value = $70,000.00
Recapture Rate = 100% / 25 years = 4%
Land Capitalization Rate = 8% (7% Discount Rate + 1% Effective Tax Rate)
Building Capitalization Rate = 12% (7% Discount Rate + 4% Recapture Rate + 1%
Effective Tax Rate)
Net Income………………………………………………………………= $10,000.00
Amount of net income imputable to building
($70,000.00 x 12%)……………………………………………………= -8,400.00
Residual Income Imputable to Land…………………………………..= $ 1,600.00
Land Value = Net Income / Capitalization
Rate = $1,600.00 / 8%………………………………………………. = $20,000.00
Building Value………………………………………………….………. = $70,000.00
Property Value…………………………………………………………..= $90,000.00
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GROSS RENT MULTIPLIER (GRM) METHOD
When certain specific types of income properties are rented in any significant number in
the market, there is a strong tendency for the ratio between sales prices and gross
incomes to be fairly consistent. The Gross Rent Multiplier, commonly referred to as
GRM, is a factor reflecting this relationship between the gross annual income and value.
Once the GRM has been determined for a specific type property, it can then be applied
against the gross income of other similar properties to indicate their economic value.
The GRM approach is often under appreciated, though the appraiser, as with any
income approach, must still give consideration to age of building, size, location and land
to building ratios. Many adjustments, which would normally involve judgment estimates,
have been resolved by the free action of the rental market. For example, if one property
has some advantage, such as location or accessibility over another property, this
difference would probably be reflected in the rental.
The GRM may be applied to either the gross income or to the effective gross income
(EGRM), depending on the circumstances and available data in the local market. This
approach is frequently applicable to apartment, retail and certain types of industrial
properties, where a relatively consistent net-to-gross in-come operating ratio exists.
Formula for GRM is sales price divided by annual gross income.
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INCOME APPROACH
TO COMMERCIAL AND
INDUSTRIAL INCOME PRODUCING
PROPERTY
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Income Approach To Commercial Income Producing Property
The income approach is based on the principle that the value of an investment property
reflects the quality and quantity of the income it is expected to generate over its life. That
is, value is the estimated present value of future benefits (chiefly income and proceeds
from the sale of the property).
First, gross annual rent, from comparable rental real estate is examined, and this is used
to determine what the subject property should earn (potential gross rent). There must be
a distinction made between market rent or the rent that the property is expected to
produce on the open market, and contract rent or rent which property is actually realizing
at the time of the appraisal due to lease terms established some time in the past. From
this is subtracted a reasonable vacancy and collection loss as well as expenses required
to operate the property, except ad valorem taxes, and adds any other or miscellaneous
income. The result is net operating income, an estimate of the property's earning
capacity free from debt and before income taxes.
Estimating the value of an income producing property is done by capitalization. In the
simplest form, capitalization, which includes a percentage for ad valorem taxes, is the
division of a present income by the appropriate rate of return to estimate the value of the
income stream. The model used to estimate the value of income expected in the future is
known as the IRV formula.
Value = Income/Rate V = I/R
The IRV formula is the general model used as the basis for all applications of the income
approach. To use the model to estimate value, however, income and the rate must be
estimated. Income is the annual net operating income expected for the property being
valued. The rate is the capitalization rate appropriate for the subject property as of the
appraisal date. Direct Capitalization is considered the most appropriate here and uses
only two numbers - annual income and the capitalization rate.
Application of Economic and Appraisal Principles
1. Supply and Demand - over supply will bring prices down and high demand will bring
prices up.
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Anticipation - future benefits are an important determinate to demand. Substitution - the
price of substitutes also determine demand.
3. Competition - the attempt of two or more buyers to buy or sell similar commodities,
influences the rate of return on invested capital.
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An Overview of the Commercial Income Model Approach
Apartments
Hotel/Motels
Office/Retail/Warehouse
Income and expense models are developed for each property group to cover the range
of income producing properties for present or future in Person County.
Market income is developed on a net square foot or unit basis. Potential gross income is
adjusted for market vacancy and collection loss to produce an effective gross income.
Income and vacancy factors may be adjusted for exceptional properties on an individual
basis.
Market operating expenses are those that would be normal and do not include one time
exceptions. They include fixed expenses, such as insurance but, will not include real
estate taxes, in that these estimates of value are for ad valorem purposes. The variable
expenses are for management, administration/legal/accounting, payroll, utilities,
janitorial, common area maintenance, normal repair and maintenance, garbage
collection, supplies and sundries, other miscellaneous expenses and reserves for
replacement.
The capitalization rates were derived from the Market Extraction technique and
supported by the Band of Investments technique. These methods are commonly used to
select an appropriate capitalization rate, depending on the availability and applicability of
market data and investment parameters. The effective tax rates will be added to the
capitalization rates in order to produce an overall rate, in that the expenses did not
include real estate taxes.
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APARTMENT INCOME MODEL
Annual Income Vacancy Operating Reserves Direct
Per Sq Ft Expenses Capitalization
Rate
$5.00 -$19.00 1%-15% 20%-60% 2%-5% .0500-.1200
HOTEL/MOTEL FULL FACILITY INCOME MODEL
Average Daily Food Misc. Vacancy Operating Departmental Reserves Direct
Rate Beverage Income Expenses Expenses Capitalization
Ratio Rate
$60.00-$110.00 15%-35% 5%-20% 20%-60% 20%-30% 30%-50% 2%-5% .0700-.1200
HOTEL/MOTEL LIMITED FACILITY INCOME MODEL
Average Daily Food Misc. Vacancy Operating Departmental Reserves Direct
Rate Beverage Income Expenses Expenses Capitalization
Ratio Rate
$50.00-$95.00 0% 4%-10% 20%-50% 20%-40% 20%-40% 2%-5% .0700-.1200
MOTEL-EXTENDED STAY INCOME MODEL
Average Daily Food Misc. Vacancy Operating Departmental Reserves Direct
Rate Beverage Income Expenses Expenses Capitalization
Ratio Rate
$25.00-$75.00 0% 4%-10% 20%-50% 15%-50% 15%-50% 2%-5% .0700-.1200
MOTEL-INDEPENDENT INCOME MODEL
Average Daily Food Misc. Vacancy Operating Departmental Reserves Direct
Rate Beverage Income Expenses Expenses Capitalization
Ratio Rate
$25.00-$80.00 0% 1%-10% 10%-50% 20%-50% 2%-5% 2%-5% .0700-.1200
HOTEL-HIGH RISE INCOME MODEL
Average Daily Food Misc. Vacancy Operating Departmental Reserves Direct
Rate Beverage Income Expenses Expenses Capitalization
Ratio Rate
$65.00-$140.00 15%-40% 10%-30% 15%-55% 20%-40% 30%-60% 2%-5% .0700-.1200
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GENERAL RETAIL INCOME MODEL
Annual Income Vacancy Operating Reserves Direct
Per Sq Ft Expenses Capitalization
Rate
$5.00-$20.00 1%-15% 10%-30% 2%-5% .0500-.1200
SUPER REGIONAL MALL INCOME MODEL
Annual Income Vacancy Operating Reserves Direct
Per Sq Ft Expenses Capitalization
Rate
$5.00-$40.00 1%-20% 10%-30% 2%-5% .0500-.1200
COMMUNITY SHOPPING CENTER INCOME MODEL
Annual Income Vacancy Operating Reserves Direct
Per Sq Ft Expenses Capitalization
Rate
$8.00-$20.00 1%-20% 10%-25% 2%-5% .0500-.1200
NEIGHBORHOOD SHOPPING CENTER INCOME MODEL
Annual Income Vacancy Operating Reserves Direct
Per Sq Ft Expenses Capitalization
Rate
$8.00-$20.00 1%-20% 10%-25% 2%-5% .0500-.1200
MULTI-TENANT SHOPS INCOME MODEL
Annual Income Vacancy Operating Reserves Direct
Per Sq Ft Expenses Capitalization
Rate
$8.00-$20.00 1%-20% 15%-35% 2%-5% .0500-.1200
DEPARTMENT STORE INCOME MODEL
Annual Income Vacancy Operating Reserves Direct
Per Sq Ft Expenses Capitalization
Rate
$1.00-$8.00 1%-5% 15%-40% 2%-5% .0500-.1200
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DISCOUNT STORE INCOME MODEL
Annual Income Vacancy Operating Reserves Direct
Per Sq Ft Expenses Capitalization
Rate
$3.00-$9.50 2%-15% 10%-35% 2%-5% .0500-.1200
SUPERMARKET INCOME MODEL
Annual Income Vacancy Operating Reserves Direct
Per Sq Ft Expenses Capitalization
Rate
$3.00-$9.50 2%-15% 10%-35% 2%-5% .0500-.1200
JUNIOR ANCHOR INCOME MODEL
Annual Income Vacancy Operating Reserves Direct
Per Sq Ft Expenses Capitalization
Rate
$2.00-$9.50 2%-5% 20%-40% 2%-5% .0500-.1200
JUNIOR DEPARTMENT STORE INCOME MODEL
Annual Income Vacancy Operating Reserves Direct
Per Sq Ft Expenses Capitalization
Rate
$2.00-$9.50 2%-5% 20%-40% 2%-5% .0500-.1200
BULK RETAIL INCOME MODEL
Annual Income Vacancy Operating Reserves Direct
Per Sq Ft Expenses Capitalization
Rate
$2.00-$9.50 2%-5% 20%-40% 2%-5% .0500-.1200
GENERAL OFFICE INCOME MODEL
Annual Income Vacancy Operating Reserves Direct
Per Sq Ft Expenses Capitalization
Rate
$5.00-$25.00 2%-20% 20%-40% 2%-5% .0500-.1200
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MEDICAL OFFICE INCOME MODEL
Annual Income Vacancy Operating Reserves Direct
Per Sq Ft Expenses Capitalization
Rate
$5.00-$30.00 2%-20% 20%-50% 2%-5% .0500-.1200
GENERAL WAREHOUSE INCOME MODEL
Annual Interior Air Vacancy Operating Reserves Direct
Income Finish Conditioning Expenses Capitalization
Per Sq Ft Per Sq Ft Per Sq Ft Rate
$1.00-$6.00 $1.00-$5.00 $.50-$2.00 1%-20% 2%-10% 2%-5% .0500-.1200
BULK/DISTRIBUTION WAREHOUSE INCOME MODEL
Annual Interior Air Vacancy Operating Reserves Direct
Income Finish Conditioning Expenses Capitalization
Per Sq Ft Per Sq Ft Per Sq Ft Rate
$1.00-$5.00 $1.00-$5.00 $.50-$2.00 1%-20% 2%-10% 2%-5% .0500-.1200
FLEX WAREHOUSE INCOME MODEL
Annual Interior Air Vacancy Operating Reserves Direct
Income Finish Conditioning Expenses Capitalization
Per Sq Ft Per Sq Ft Per Sq Ft Rate
$2.00-$9.50 $1.00-$5.00 $.50-$2.00 5%-30% 2%-10% 2%-5% .0500-.1200
MINI-WAREHOUSE INCOME MODEL
Annual Vacancy Operating Reserves Direct
Income Expenses Capitalization
Per Sq Ft Rate
$5.00-$10.00 2%-5% 20%-40% 2%-5% .0500-.1200
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EXAMPLE OF
COMMERCIAL
INCOME
MODEL
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COMMUNITY SHOPPING MODEL
EFYR: 1996
Lease Type: Net
Gross Sq. Ft.: 17,500
Net Leasable Sq. Ft.: 17,500
Rent Per Sq. Ft.: $16.25
Percentage Dollar
Amount
Per Sq. Ft. Totals
Potential Gross Income 100.00% $284,375 $16.25
Vacancy % Collection Loss 3.0% $(7,613) $ (0.44)
Effective Gross Income 97.0% $276,762 $15.81 $276,762
Operating Expenses:
Fixed Expenses (2.0%) $(5,535) $(0.32)
Variable Expenses (15.0%) $(41,514) $(2.37)
Reserves for Replacement Allowance (2.0%) $(5,535) $(0.32)
Total Operating Expense (19.0%) $(52,584) $(3.01) $(52,584)
Net Operating Income 81.0% $224,178 $12.80 $224,178
Overall
Direct Cap Rate: 0.08000 Net Operating Income / Cap Rate Indicated Value
Effective Tax Rate: 0.00930 $224,178 / 0.08930 = $2,510,392
Overall Cap Rate: 0.08930 Residual Land Value = 0
Total Indicated Value $2,510,392
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MULTI-FAMILY RENTAL PROPERTIES’ GROSS MONTHLY RENT MULTIPLIER RANGE
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GROSS MONTHLY RENT MULTIPLIER (GRM) The gross monthly rent multiplier (GMRM) is used to convert the gross potential monthly rent into an indication of value. To derive a gross monthly rent multiplier from the market data, sales of properties that were rented at the time of sale or were anticipated to be rented within a short time must be available. The ratio of sale price to the monthly gross rent at the time of sale or projected over the first year or several years of ownership is the gross monthly rent multiplier (GMRM). An example, for demonstration purposes, is the following: Sale Price = GMRM Gross Monthly Rent $368,500 = 51.96 $7,092
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MASS
APPRAISAL
PSYCHOLOGY
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MASS APPRAISAL PSYCHOLOGY
In preceding sections, we have outlined the fundamental concepts, principles, and
valuation techniques underlying the Appraisal Process. It now behooves us to attack the
problem at hand... the revaluation of property within a total taxing jurisdiction, be it an
entire state, county, or any subdivision thereof… and to structure a systematic mass
appraisal program to effect the appraisal of said properties in such a way as to yield
valid, accurate, and equitable property valuations at a reasonable cost dictated by
budgetary limitations, and within a time span totally compatible with assessing
administration needs.
The key elements of the program are validity, accuracy, equity, economy, and efficiency.
To be effective the program must...
... incorporate the application of proven and professionally acceptable
techniques and procedures;
... provide for the compilation of complete and accurate data and the processing
of that data into an indication of value approximating the prices actually being
paid in the market place;
... provide the necessary standardization measures and quality controls essential
to promoting and maintaining uniformity throughout the jurisdiction;
... provide the appropriate production controls necessary to execute each phase
of the operation in accordance with a carefully planned budget and work
schedule; and
… provide techniques especially designed to streamline each phase of the
operation, eliminating superfluous functions, and reducing the complexities
inherent in the Appraisal Process to more simplified but equally effective
procedures.
In summary, the objective of an individual appraisal is to arrive at an opinion of value, the
key elements being the validity of the approach and the accuracy of the estimate. The
objective of a mass appraisal for tax purposes is essentially the same. However, in
addition to being valid and accurate, the value of each property must be equitable to
each other property, and what's more, these valid, accurate, and equitable valuations
must be generated as economically and efficiently as possible.
PRINCIPALS OF UNIF0RM ASSESSMENT-
The prime objective of mass appraisals for tax purposes is to equalize property values.
Not only must the value of one residential property be equalized with another, but it must
also be equalized with each agricultural, commercial, and industrial property within the
political unit.
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The common denominator or the basis for equalization is market value... that price which
an informed and intelligent person, fully aware of the existence of competing properties
and not being compelled to act, is justified in paying for a particular property.
The job of the appraiser is to arrive at a reasonable estimate of that justified price. To
accomplish this, he must coordinate his approaches to the valuation of the various
classes of property so that they are related one to another in such a way as to reflect the
motives of the prospective purchasers of each type of property.
A prospective purchaser of a residential property is primarily interested in its capacity to
render service to himself and his family as a place to live. Its location, size, quality,
design, age, condition, desirability and usefulness are the primary factors to be
considered in making his selection. He will rely heavily upon his powers of observation
and his inherent intelligence, knowing what he can afford and simply comparing what is
available. One property will eventually stand out to be more appealing than another. So
it is likewise the job of appraisers for tax purposes, to evaluate the relative degree of
appeal of one property to another.
The prospective purchaser of agricultural property will be motivated somewhat
differently; he will be primarily interested in the productive capabilities of the land. It is
reasonable to assume that he will be familiar, at least in a general way, with the
productive capacity of the farm he proposes to buy. One might expect that the prudent
investor will have compared one farm's capabilities against another. Accordingly, the
appraiser for local tax equalization purposes must rely heavily upon prices being paid for
comparable farm land in the community.
The prospective purchaser of commercial property is primarily interested in the potential
net return and tax shelter the property will provide. That price which he is justified in
paying for the property is a measure of his prospects for a net return from his investment.
Real estate as an investment, then, must not only compete with other real estate but also
with stocks, bonds, annuities, and other similar investment areas. The commercial
appraiser then must explore the rental market and compare the income producing
capabilities of one property to another.
The prospective purchaser of industrial property is primarily interested in the overall
utility value which the property has for him. Of course, in evaluating the overall utility, he
must give individual consideration to the land and each improvement thereon. Industrial
buildings are generally of special purpose design, and as such, cannot readily be
divorced from the operation for which they were built. As long as the operation remains
effective, the building will hold its value; if the operation becomes obsolete, the building
likewise becomes obsolete. The upper limit of its value is its replacement cost new, and
its present day value is some measure of its present day usefulness in relation to the
purpose for which it was originally designed.
Any effective approach to valuations for tax purposes must be patterned in such a way
as to reflect the "modus operandi" of buyers in the market place. As indicated above, the
motives influencing prospective buyers tend to differ depending upon the type of
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property involved. It follows, that the appraiser’s approach to value must differ
accordingly.
The residential appraiser must rely heavily upon the market-data approach. The farm
appraiser must likewise rely primarily upon the market-data approach to value, but in
addition to analyzing the selling prices of comparable properties, it may also be
necessary to effectively analyze the farm's productive potential.
Rural dwellings are similar to urban dwellings in that their primary purpose is to provide a
family with a home; as such, the appraiser should value them in the same manner as he
values any other residence. His approach to farm buildings, however, must be
somewhat different. Here, his primary objective is to arrive at that value which their
presence adds to the productivity of the land... their degree of utility or usefulness. In
determining the reproductive capabilities of the land, he will find it necessary to divide the
land into various soil classifications utilizing all soil and land maps available through
agriculture extension services, and the state university. He must similarly give equal
consideration to all other factors affecting the value of the property, such as it's location
relative to the market place, its relative accessibility, the shape and size of the fields, the
extent and condition of the fences, drainage, water supply, etc.
The commercial appraiser will find that since commercial property is not bought and sold
as frequently as is residential property, the sales market may not be as readily
established. He must rely heavily on the income approach to value… determining the
net economic rent which the property is capable of yielding, and the amount of
investment required to effect that net return at a rate commensurate with that normally
expected by investors. This can only be achieved through a comprehensive study of the
income producing capabilities of comparable properties and an analysis of present day
investment practices.
The industrial appraiser will not be able to rely on the market-data approach because of
the absence of comparable sales; each sale generally reflecting different circumstances
and conditions. Nor will he be able to rely upon the income approach, again, because of
the absence of comparable investments, but also because of the inability to accurately
determine the contribution of each unit of production to the overall income produced. He
must, therefore, rely heavily on the cost approach to value... determining the upper limit
or replacement cost new of each improvement and the subsequent loss of value
resulting overall from physical, functional and economic factors.
The fact that there are different approaches to value, some of which being more
applicable to one class of property than to another, does not by any means preclude
equalization between classes. Remember that the objective in each approach is to
arrive at a price which an informed and intelligent person, fully aware of the existence of
competing properties and not being compelled to act, is justified in paying for any one
particular property. Underlying, and fundamental to each of the approaches, is the
comparison process. Regardless of whether the principal criteria are actual selling
prices, income producing capabilities, or functional usefulness, like properties must be
treated alike. The primary objective is equalization. The various approaches to value,
although valid in themselves, must nevertheless be coordinated one to the other in such
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a way as to produce values which are not only valid and accurate, but are also equitable.
The same "yardstick" of values must be applied to all properties, and must be applied by
systematic and uniform procedures.
It is obvious that sales on all properties are not required to effectively apply the market-
data approach. The same is true regarding any other approach. What is needed is a
comprehensive record of all the significant physical and economic characteristics of each
property in order to compare the properties of "unknown" values with the properties of “known" values. All significant differences between properties must in some measure,
either positively or negatively, be reflected in the final estimate of value.
Each property must be given individual treatment, but the treatment must be uniform and
standardized, and essentially no different than that given to any other property. All the
factors affecting value must be analyzed and evaluated for each and every property
within the entire political unit. It is only by doing this that equalization between properties
and between classes of properties can be ultimately effected.
All this, at best, is an oversimplification of the equalization process underlying the entire
Mass Appraisal Program. The program itself consists of various operational phases, and
its success depends primarily upon the systematic coordination of collecting and
recording data, analyzing the data and processing the data to achieve an estimate of
value.
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THE
MASS
APPRAISAL
PROCESS
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OUTLINE OF THE APPRAISAL PROCESS
The key to an accurate appraisal lies in the methodical collection of data. The appraisal
process is an orderly set of procedures used to collect and analyze all data in order to
arrive at an ultimate value conclusion. Such data is divided into two basic classes:
1. Specific data, covering details of the subject property, as well as comparative
data relating to costs, sales, and income and expenses of
properties similar to and competitive with the subject property.
2. General data, covering the nation, region, state, city, and neighborhood. Of
particular importance is the neighborhood, where an appraiser finds the
physical, economic, social, and political influences that directly affect the
value and potential of the subject property.
The flow chart on the following page outlines the steps an appraiser takes in carrying out
an appraisal assignment. The numbers in the following list correspond to the numbers
on the flow chart.
1. State the problem: The kind of value to be estimated must be specified and
the valuation approach most valid and reliable for the kind of property under
appraisal must be selected.
2. List the data needed and their sources: Based on the approach the appraiser
will be using, the types of data needed and the sources to be consulted are
listed.
3. Gather, record, and verify the general data: Detailed information concerning
the economic, political, and social conditions and comments on the effect of
this data on the subject property must be obtained.
4. Gather, record, and verify the specific data on the subject property:
Specific data include information about the subject site and improvements.
5. Gather, record, and verify the data for the valuation approach used:
Depending upon the approach used, comparative information relating to
sales, income and expenses, and construction cost of comparable properties
must be collected. As with steps 3 and 4, all data should be verified, usually
by checking the same information against two different sources. In the case
of sales data, one source should be a person directly involved in the
transaction.
6. Analyze and interpret the data: All information collected must be reviewed to
be sure that all relevant facts have been considered and handled properly
and that no errors have been made in calculations.
7. Reconcile data for final value estimate: The appraiser finally makes a
definite statement of conclusions reached. This is stated in terms of a value
estimate of the property.
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THE MASS APPRAISAL PROCESS
1 STATE THE PROBLEM
2 LIST THE DATA NEEDED AND THE SOURCES
3 GATHER, RECORD, AND VERIFY THE GENERAL
DATA
NATION, REGION, CITY, NEIGHBORHOOD
4 GATHER, RECORD, AND VERIFY THE SPECIFIC
DATA
SUBJECT, SITE, IMPROVEMENTS
5 GATHER, RECORD, AND VERIFY THE DATA
FOR EACH APPROACH
5a MARKET DATA APPROACH 5b COST APPROACH 5c INCOME APPROACH
SALES DATA COST DATA INCOME & EXPENSE DATA
6 ANALYZE AND INTERPRET THE DATA
7 CORRELATE DATA FOR FINAL VALUE ESTIMATE
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DATA INVENTORY
Basic to the appraisal process is the collecting and recording of pertinent data. The data
will consist of general supporting data referring to the data required to develop the
elements essential to the valuation process, neighborhood data referring to information
regarding a delineated neighborhood unit, and specific property data referring to the data
compiled for each parcel of property to process into an indication of value by the cost,
market and/or income approach.
The data must be comprehensive enough to allow for the adequate consideration of all
factors, which significantly affect property values. In keeping with the economics of a
mass appraisal program, it is costly and impractical to collect, maintain, and process
data of no or marginal contribution to the desired objectives. The axiom "too much data
is better than insufficient data” does not apply. What does apply is the proper amount of
data, no more or no less, which is necessary to provide the database required to
generate the desired output.
General Supporting Data. The appraisal staff will primarily be concerned with cost, sales
and income data, but they will also find it necessary to research and compile general
socioeconomic information pertaining to the entire political unit under appraisal. The
information will serve to assist the staff during the analytical phase of the operation and
should include, but not necessarily be limited to, population trends, prevailing
geographical factors, primary transportation facilities, primary income sources,
unemployment and income levels, institutional influences, the annual volume of new
construction and ownership transfers, availability of vacant land, construction labor and
material costs, preponderance of residential rentals, and the amount of residential
vacancies.
Cost data must be sufficient enough to develop and/or select, and validate the
pricing schedules and cost tables required to compute the replacement cost new
of improvements needed to apply the cost approach to value.
All data pertaining to the cost of total buildings in place should include the parcel
identification number, property address, and date of completion, construction
cost, name of builder, source of information, structural characteristics, and other
information pertinent to analysis.
Cost information may be recorded on the same form used to record specific
property data.
The principle source for obtaining cost data is Marshall and Swift's Marshall
Valuation Service. A second source is local builders and developers, and it is
generally advisable to collect cost data in conjunction with new construction.
Sales data must be sufficient enough to provide a representative sampling of
comparable sales needed to apply the market data approach, to derive unit land
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values and depreciation indicators needed to apply the cost approach, and to
derive gross rent multipliers and elements of the capitalization rate needed to
apply the income approach.
All sales data should include the parcel identification number, property
classification code, month and year of sale, selling price, assessed value (land
and total) as of the date of sale, source of information, i.e. buyer, seller, agent, or
other, and a reliable judgment as to whether or not the sale is representative of a
true arms length transaction.
Sales data should be recorded on the same form used to record specific property
data, and verified during the property data collection phase.
The principle source for obtaining sales data is from the County Records. Other
sources may include developers, Realtors, lending institutions, and individual
property owners during the data collection phase of the operation.
Income and expense data must be sufficient enough to derive capitalization
rates, and accurate estimates of net income needed to apply the income
approach.
Income and expense data should include both general data regarding existing
financial attitudes and practices, and specific data regarding the actual incomes
and expenses realized by specific properties.
The general data should include such information as equity return expectations,
gross rentals, vacancy and operating cost expectations and trends, prevailing
property management costs, and prevailing mortgage terms.
Specific data should include the parcel identification number, property address
(or building ID), source of information, the amount of equity, the mortgage and
lease terms, and an itemized account of the annual gross income, vacancy loss,
and operating expenses for the most recent three year period.
The general data should be documented in conjunction with the development of
capitalization procedural guidelines. The specific data, being that it is often
considered confidential and not subject to public access, may be recorded on
special forms, designed in such a way as to accommodate the property owner or
agent thereof in submitting the required information. The forms should also have
space reserved for the appraiser’s analysis and calculations.
The principle sources for obtaining the general financial data are investors,
lending institutions, and property managers. The primary sources for obtaining
specific data are the individual property owners and/or tenants during the data
collection phase of the operation.
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Neighborhood data. At earliest feasible time during the data inventory phase of the
operation, and after a thorough consideration of the living environment and economic
characteristics of the overall County, or any political sub-division thereof, the appraisal
staff should delineate the larger jurisdictions into smaller “neighborhood units", each
exhibiting a high degree of homogeneity in residential amenities, land use, economic and
social trends, and housing characteristics such as structural quality, age, and condition.
The neighborhood delineation should be outlined on a map and each assigned an
arbitrary Neighborhood Identification Code which, when combined with the parcel
identification numbering system, will serve to uniquely identify it from other
neighborhoods.
Neighborhood data must be comprehensive enough to permit the adequate
consideration of value influencing factors to determine the variations in selling prices and
income yields attributable to benefits arising from the location of one specific property as
compared to another. The data should include the taxing district, the school district, the
neighborhood identification code, special reasons for delineation (other than obvious
physical and economic boundaries) and various neighborhood characteristics such as
the type (urban, suburban, etc.), the predominant class (residential, commercial, etc.),
the trend (whether it is declining, improving or relatively stable), its accessibility to the
central business district, shopping centers, interstate highways and primary
transportation terminals, its housing characteristics, the estimated range of selling prices
for residentially improved properties, and a rating of its relative desirability.
All neighborhood data should be recorded on a specially designed form during the
delineation phase. (An addendum to this manual will be a complete neighborhood listing
once this project is complete.)
Specific property data must be comprehensive enough to provide the data base needed
to process each parcel of property to an indication of value, to generate the tax roll and
related tax accounting output, to generate other specified output, and to provide the
assessing officials with a permanent record to facilitate maintenance functions and to
administer taxpayer assistance and grievance proceedings.
The data should include the parcel identification number, ownership and mailing
address, legal description, property address, property classification code, local zoning
code, neighborhood identification code, site characteristics, and structural
characteristics.
All the data should be recorded on a single specially designed property record card
customized to meet individual assessing needs. Each card should be designed and
formatted in such a way as to accommodate the data collection of information and to
facilitate data processing. In addition to the property data items noted above, space
should be considered for a building sketch, land and building computations,
summarizations, and memoranda. In keeping with the economy and efficiency of a mass
appraisal program, the card should be formatted to minimize writing by including a
sufficient amount of site and structural descriptive data, which can be checked and/or
circled.
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The specific property data may be compiled from existing assessing records, field
inspections or combination of both IE: The parcel identification number, ownership,
mailing address, and legal description may be obtained from existing tax rolls. Property
classification codes may also be obtained from existing tax rolls (whenever available)
and verified in the field. Local zoning codes may be obtained from existing zoning maps.
Neighborhood identification codes may be obtained from the neighborhood delineation
maps. Lot sizes and acreage may be obtained from existing tax maps. The property
address, and site characteristics may be obtained, by making a physical inspection of
each property.
In computing lot sizes from the tax maps on to the property record cards, the person
performing the tasks must be specially trained in the use of standardized lot sizing
techniques and tables, which are necessary to adjust irregular shaped lots and abnormal
depths to account for variations from pre-determined norms. In regard to acreage, the
total acreage may be transferred, but the acreage breakdowns required effecting the
valuation of agricultural, commercial, and industrial properties frequently must be
obtained in the field from the property owner and verified by personal observation and
aerial photographs if available.
Qualified data collectors under the close supervision of the appraisal staff must conduct
field inspections. During this phase of the operation, the data collector must visit each
property and make personal contact with the occupant. In the course of his or her
inspection, he or she must...
identify himself or herself.
verify the ownership (recording any transfers which may have occurred).
record or verify the property address.
verify or record the property classification.
interview the occupant of the building and record all pertinent data, an interior
inspection may be necessary.
measure or verify measurements and inspect the exterior of the building, as well
as all other improvements on the property. Collect or verify the story height, the
dimensions, and/or the size of each.
verify and/or record the sketch of the principal building (s), consisting of a plan
view showing the main portion of the structure along with any attached exterior
features, such as porches, etc. All components must be identified and the
exterior dimensions shown for each.
select and record the proper quality factor of the improvements.
select and record the proper replacement costs or replacement cost adjustments
for all field priced items.
review the property record card for completeness and accuracy.
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After the field inspection is completed, the property record cards must be submitted to
clerical personnel to review the cards for completeness, and make any necessary
mathematical extensions.
Complete and accurate data are essential to the program. Definite standardized data
collection and recording procedures must be developed and followed if these objectives
are to be met.
PROCESSING THE DATA
This phase of the operation involves the analysis of data compiled during the data
inventory phase and the processing of that data to an indication of value.
During the analytical phase, it will be necessary to analyze cost, market and income data
in order to provide a basis for validating the appropriate cost schedules and tables
required to compute the replacement cost new of all buildings and structures, for
establishing comparative unit land values for each class of property, for establishing the
appropriate depreciation tables and guidelines for each class of property, and for
developing gross rent multipliers, economic rent and operating expense norms,
capitalization rate tables and other related standards and norms required to effect the
mass appraisal of all the property within an entire political unit on an equitable basis.
After establishing the appropriate standards and norms, it remains to analyze the specific
data compiled for each property by giving due consideration to the factors influencing the
value of that particular property as compared to another, and then to process the data
into an indication of value by employing the techniques described in the section of the
manual dealing with the application of the traditional approaches to value.
Of the three approaches, the cost approach is the one, which tends to lend itself best to
property valuations for tax purposes. The two principle reasons for this are that
appraisals for Ad Valorem taxes generally require separate land value estimates, and
secondly, the cost approach is the one approach which can reasonably be applied to all
classes of property rather than to only those having a sufficient number of comparable
sales, or to those typically producing an income. The use of one approach to the
exclusion of the others is contrary to the appraisal process. The approach to be taken,
then, is an integrated one, starting with the cost approach, but incorporating the market
data and income approaches whenever feasible and appropriate.
Any one, or all three, of the approaches, if applied properly, should lead to an indication
of market value; of primary concern is to apply the approaches on an equitable basis.
This will require the coordinated effort of a number of individual appraisers, each
appraiser acting as a member of a team, with the team effort directed toward a valid,
accurate and equitable appraisal of each property within the political unit.
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Once the final value has been established for each property, it still remains to evaluate
the entire program in terms of its primary objectives. Do the values approximate a
satisfactory level of market value, and importantly, are the values equalized?
Satisfactory answers to these questions can best be obtained through a statistical
analysis of recent sales in an appraisal-to-sale ratio study.
To perform the study, it is necessary to take a representative sampling of recent valid
sales from each individual taxing jurisdiction and to compute the appraisal to sale ratio
for each of the sales. If the sample is representative, the computed median or mean
appraisal to sale ratio will give you an indication of how close the appraisals within each
district approximate market value. This is providing, of course, that the sales included
represent true market transactions. It is then necessary to determine the deviation of
each individual appraisal-to-sale ratio from the median or mean ratio, and to compute
either the average or the standard deviation, which will give you an indication of the
degree of equalization within each individual district. What remains then, is to compare
the statistical measures across districts and property classes in order to determine those
areas, if any, which need to be further investigated, revising the appraisals, if necessary,
to attain a satisfactory level of value and equalization throughout the entire jurisdiction.
The techniques and procedures set forth herein, if applied skillfully, should yield highly
accurate and equitable property valuations, and should provide you with a sound
property tax base. It should be noted, however, that no program, regardless of how
skillfully administered, can ever be expected to be error free. The appraisal must be
fine-tuned and giving the taxpayer an opportunity to question the value placed upon his
property and to produce evidence that the value is inaccurate or inequitable can best do
this. During this time, the significant errors will be brought to light, and taking the proper
corrective action will serve to further the objectives of the program. What's important in
the final analysis is to use all these measures as well as any other resources available to
you to affect the highest degree of accuracy and equity possible.
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DATA
COLLECTION
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GENERAL AND LOCAL DATA
Since this manual deals with the appraisal of an entire County rather than a single parcel
of property, the sheer volume of general and local data needed prohibits inclusion with
the manual. However, the use of this information is a vital part of the appraisal program,
and all such information and material should be considered as incorporated into and a
part of this manual.
A partial listing of the information and material used in this appraisal program is as
follows:
County tax maps and property records
Zoning maps and Ordinances
Maps and records of land use planning
Utility districts
School districts
Fire districts
Population reports and trends
Economy and employment reports
Aerial photos
Government statistics
Soil surveys
SPECIFIC PROPERTY DATA
The instructions on the following pages are designed to serve as a guide for data
collection. The information recorded on the property card is extremely important and
great care must be used in recording or verifying information accurately and completely.
Although this work is not the complete appraisal, it is, nevertheless, a vital part of the
appraisal for each individual piece of property. This work represents the foundation of
the appraisal, and a job that isn’t started properly cannot end properly. Each property
should be approached as an individual problem and given undivided attention.
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STANDARD DATA COLLECTION
Approach
While approaching the house, mentally determine a "first impression" quality factor for
the house. At the same time check the exterior features (foundation, walls, and roof
etc.).
Contact
Greet the occupant, display proper identification, and explain the purpose of the visit in a
brief but courteous manner. Example, "Good morning, are you Mrs. Jones? I'm from the
appraisal company conducting Person County's reappraisal of property. I would like to
ask a few questions about your property."
Interior Inspection
Normal policy is not to enter a dwelling unless the taxpayer invites you to or there is an
appeal of value and you are trying to make sure the data is correct. If it is necessary to
do an interior inspection use this as a guide. A good opening remark is to inquire as to
the age of the house. If not known) estimate the date of construction and note as such,
i.e. "1940 + or -". Mentally note the features that indicate the quality of construction -
interior finish, the kinds of floors, etc. Also observe the general condition of the house for
determination of depreciation (such as evidence of recent remodeling and presence of
cracked plaster). Inquire about the number of rooms, the number of baths, type of
heating, and number of fireplaces. If a basement exists, determine the basement size.
Inspect any improvements in the basement, such as extra plumbing or a recreation
room. Inquire about the presence of an attic. If a finished attic exists, ascertain if full or
partially finished. It may be necessary to inspect the attic in order to determine
accurately the portion finished. In any case, if invited to do so, inspect the entire house
in order to satisfy the property owner with the thoroughness of the inspection.
Market Information
If the owner has purchased the property within the last three years, inquire as to the
purchase price, validity of the transaction, and any remodeling since the purchase.
Conclusion
Now if there are no further questions to ask the occupant, thank he or she for their time
and trouble and leave. DO NOT TARRY AT THIS POINT. Explain that it is necessary to
inspect the structure's exterior and check the measurements and all improvements on
the property.
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STANDARD MEASURING PROCEDURE
Exterior Inspection
Upon leaving the house pause and post on the card the interior features observed and
sales information obtained. Be certain to make a note on the card of unusual conditions
or features observed, not visible from the outside, i.e. cathedral ceilings.
Measuring and Computing Areas
After completing the interior check off, measure or verify the measurements of the
dwelling. Be sure that the measurements are COMPLETE AND ACCURATE. Walk
completely around the house so that no offsets or additions escape notice.
Measurements should be written in horizontally opposite the line representing the
measurement. Don't show measurements opposite a line where it can be mistaken for
the overall measurement of two lines. See following illustration:
RIGHT WRONG
20
20
4 4
18 18
Check the sum of the overall measurements along the front of the house against the
overall measurements of the rear; also, the measurements along one side with those of
the other. Separate story heights and additions, taking care to downgrade or upgrade
additions, which are not of the same quality as the house.
Exterior Features
Attached garages, porches, etc. are to be included with the sketch of the main building.
Appropriate construction, story height, and other information should be indicated.
Yard Improvements
Detached garages and other auxiliary improvements along with related information
should be entered in the yard improvements field.
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Quality Factor and Design Factor
After you have thoroughly completed the exterior inspection, walk back to a position in
the front where you can get a good overall view of the house. Determine its final Quality
Factor, and Design Factor if needed, taking into consideration your "first impression," the
interior and exterior features you have observed and the overall QUALITY OF
CONSTRUCTION.
Depreciation
Estimate and post the difference between the replacement cost and the present value of
the improvements. The primary judgments involved in estimating depreciation are
condition and desirability, functional obsolescence or depreciation.
Though condition, as previously established, can be physically viewed, desirability can
only be observed in local market activity. All factors or characteristics, which can be
interpreted as either benefits or liabilities (location, market demand, etc.), should be
given careful consideration.
Additional Dwellings
If two houses are on a lot, process the second house on a separate card, which will be
identified in the upper right hand corner as a 2 of 2 card. Also, insert on the face of the
card, the owner's name, parcel number, map number and any other necessary data for
proper identification.
CHECK CARD (S) FOR COMPLETENESS AND ACCURACY.
Do's and Don’ts of Good Data Collection
Don't:
Don't discuss taxes, property values, or rentals.
Don't argue with anyone ABOUT ANY ISSUE.
Don't joke with or tease the people - the world is full of cranks and crackpots.
Don't check or fill in cards while in the house.
Don't linger in the house. Get in, inspect, and get out.
Don't estimate measurements, if there appears to be an error, measure again.
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Do:
Be courteous and respectful at all times.
Show identification card.
Draw corrections to the sketch in approximate proportions.
Make sure the dimensions of opposite sides balance.
Recheck the card after completing the data collection.
Keep cards neat and clean.
Consult supervisor about any problems encountered.
Refused Admittance
In the rare case where the occupant refuses admittance to the property, DON'T ARGUE.
Leave immediately and estimate the property noting as such on the card. ("Estimated-
Refused Information" - 8-9-11-9:45 A.M.).
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COMPUTER
CODE
CHANGES
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COMPUTER CODE CHANGES
Land Codes were completely revamped to make them more user friendly.
1. Building sites are now BUILDING SITE 1, LCLS: 11; BUILDING SITE 2, LCLS: 12;
and BUILDING SITE 3, LCLS: 13; with values ascending in each table. Priced using
acre rate. Land Grades are A-X.
2. Cleared land is now CLEARED 1, LCLS: 21; CLEARED 2, LCLS: 22; and
CLEARED 3, LCLS: 23; with values ascending in each table. Priced using acre rate.
Land Grades are A-X.
3. Wood land is now WOOD 1, LCLS: 31; WOOD 2, LCLS: 32; and WOOD 3, LCLS:
33; with values ascending in each table. Priced using acre rate. Land Grades are
A-X.
4. Residual or mixed land is now RESIDUAL 1, LCLS: 41; RESIDUAL 2, LCLS: 42; and
RESIDUAL 3, LCLS: 43; with values ascending in each table. Priced using acre rate.
Land Grades are A-X.
5. Water front land is now WATERVIEW 1, LCLS: 51; WATERVIEW 2, LCLS: 52;
WATERVIEW 3, LCLS: 53; and WATERVIEW 4, LCLS 54; with values ascending in
each table. Can be priced using the acre rate, front foot rate, or by the lot. Land
Grades are A-X.
6. Residential land is now FF RESIDENTIAL 1, LCLS: 01; FF RESIDENTIAL 2, LCLS:
02; and FF RESIDENTIAL 3, LCLS: 03; with values ascending in each table. Can be
priced using the acre rate, front foot rate, or square foot rate. Land Grades are A-X.
7. Lot priced land is now LOTS 1, LCLS: 61; LOTS 2, LCLS: 62; and LOTS 3, LCLS:
63; with values ascending in each table. Can be priced using the
acre rate or lot rate. Land Grades are A-X.
8. Commercial land is now FF COMMERCIAL 1, LCLS: 71; FF COMMERCIAL 2, LCLS:
72; and FF COMMERCIAL 3, LCLS: 73; with values ascending in each table. Can
be priced using the acre rate, front foot rate, or square foot rate. Land Grades are A-
X.
9. Industrial land is now FF INDUSTRIAL 1, LCLS: 81; FF INDUSTRIAL 2, LCLS: 82;
and FF INDUSTRIAL 3, LCLS: 83; with values ascending in each table. Can be
priced using the acre rate, front foot rate, or square foot rate. Land Grades are A-X.
10. Miscellaneous categories are; POND/LAKE 1, LCLS: 91; POND/LAKE 2, LCLS 92;
POND/LAKE 3, LCLS 93; WASTE, LCLS: 94; CEMETERY, LCLS: 95;
SCLS Changes
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1. SCLS 63 From LAB To HIGH TECH INDUSTRIAL
2. SCLS 99 From OTHER To TERRACE
3. SCLS: 87 (ADDITION) Change to SCLS 01 (SINGLE FAMILY) This will allow the
system to count the heated sq. ft. and add value for heat & air and siding.
4. SCLS: 97 (FINISHED ATTIC) change to SCLS 01 (SINGLE FAMILY) with the correct
story height. This will allow the system to count the heated sq. ft. and add value for
heat & air and siding.
Heating System Type
1. HTAC: 21 From FHA To PREFAB
Gas logs and prefab fireplaces are in this category. Value depends on size and
grade of structure. This should be placed as second item under HTAC.
Floor Finish Change
1. FLFN:06 From UNFINISHED to VINYL
2. FLFN:07 To UNFINISHED
OCLS Changes
1. OCLS: 60 New code for BTHSEOFP (BOAT HOUSE OPEN FRAME PORCH)
2. OCLS: 62 New code for BTHSESTG (BOAT HOUSE STORAGE)
3. OCLS: 63 New code for BTHSESP (BOAT HOUSE SCREEN PORCH)
4. OCLS: 64 New code for BTHSEEFP (BOAT HOUSE ENCLOSED FRAME PORCH)
5. OCLS: 96 New code for UNFUPPER (UNFINISHED UPPER)
6. OCLS: 97 New code for FINUPPER (FINISHED UPPER)
Alternate Depreciation Tables
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1. DPRT: 00 From STANDARD DEPRECIATION TABLE TO RES AVG
(RESIDENTIAL AVERAGE)
2. DPRT: 03 From RES AVERAGE (RESIDENTIAL AVERAGE) To RES FAIR
(RESIDENTIAL FAIR)
3. DPRT: 04 From RES FAIR (RESIDENTIAL FAIR) To RES POOR (RESIDENTIAL
POOR)
4. DPRT: 05 From RES POOR (RESIDENTIAL POOR) To COMMGOOD
(COMMERCIAL GOOD)
5. DPRT: 06 From COMMGOOD (COMMERCIAL GOOD) To COMM AVG
(COMMERCIAL AVERAGE)
6. DPRT: 07 From COMM AVG (COMMERCIAL AVERAGE) To COMMPOOR
(COMMERCIAL POOR)
7. DPRT: 08 From COMMPOOR (COMMERCIAL POOR) To MANF DW
(MANUFACTURED DOUBLEWIDE)
8. DPRT: 09 From MOBIL HM (MOBILE HOME) To MANF SW (MANUFACTURED
SINGLEWIDE)
Appeal Codes
1. Add INTC: 01 (INFORMAL APPEAL CHANGE)
2. Add INTC: 02 (INFORMAL APPEAL NO CHANGE)
3. Add APLC: 01 (FORMAL APPEAL CHANGE)
4. Add APLC: 02 (FORMAL APPEAL NO CHANGE)
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PROPERTY
RECORD
CARD DEFINED
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PROPERTY RECORD CARD LAYOUT
This is an example of the Property Record Card, a step by step guide to help the
Appraiser understand and uniformly complete the Property Record Card (PRC).
.
OWNERSHIP PROPERTY DESC TAX SUB MAP NO CARD NO
1 2 3 4 5
RECORD NUMBER 6
ROUTE 7
LISTER 8
REVIEW 9
------------------------------------------------------------------------------------------------------------------------------------------
TOPO STREET UTILITY ZONING ACRES AFCT NBHD
10 11 12 13 14 15 16
NOTES: 17
29 LND# LAND CLASS SIZE BASERATE FRNT DPTH ADJ ADJRATE UNIT LNDVAL
18 19 20 21 22 23 24 25 26 27 LAND VALUE: 28
----------------------------------------------------------------------------------------------------------------------------------- 1/ST FR OFB# OTHER FEAT SIZE BASERATE COND ADJRATE UNITS OFB VALUE
38 38 29 30 31 32 33 34 35 36
OTHER VALUE: 37
-----------------------------------------------------------------------------------------------------------------------------------
FNDATION XTRFNISH ROOFTYPE ROOFMTRL SIZE/QTY DPRT
29 38 39 40 41 42 43
------------------------------------------------------------------------------- 48 BDRM
8 15 WALLFNSH FLOORS HEAT&AIR HEATFUEL 49 ROOM
OFP 44 45 46 47 50 WALL HEIGHT
-------------------------------------------------------------------------------------------------------------------------------------------------------------
IMPR CNST GRDE ERYR RMYR EFYR PHCO
51 52 53 54 55 56 57
-------------------------------------------------------------------------------------------------------------------------------------------------------------
Dimensions 59a
-------------------------------------------------------------------------------------------------------------------------------------------------------------
SCLS SK-SF STHT AREA RATE GRDF HEAT EXWL WLHT ARAT AREA RPCN DEPF CNDF STVAL
58 59 60 61 62 63 64 65 66 67 68 69 70 71 72
BATH 73 HBTH 74 ADFX 75
FRPL 76 STAK 77
BSMP 78 BSFP 79 BSRP 80
BLD# 81
CLS# 82
STRUCTURE: 83
--------------------------------------------------------------------------------------------------------------------------------------------------------------
VALUATION VALUE PREV-VAL P-N% SALE S-N% TOTAL V ALUE 84
--------------------------------------------------------------------------------------------------------------------------------------------------------------
LAND 85 89 93 94 95
OTHERFEAT 86 90
STRUCTURE 87 91
TOTAL 88 92
--------------------------------------------------------------------------------------------------------------------------------------------------------------
APPRAISED VALUE: 96
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PROPERTY RECORD CARD AND REVALUATION CODES
1. OWNERSHIP - Name and address of property owner. Also can
contain deed book and page information.
2. PROPERTY DESCRIPTION - Descriptive information about property
that is entered on line 1 by tax office from ABU.
DES1 - Line available to list further descriptive
information about property.
DES2 - Line available to list further descriptive
information about property.
DES3 - Line available to list further descriptive
information about property.
DES4 - Line available to list road or street name.
DES4 is a testable line and the road name
should be entered properly. For instance, 1450 Boston Rd
should be entered as Boston Rd 1450 and 210 Main St. should
be entered Main St 210 (Tax Situs Address).
3. TAX SUBDIVISION - Township name, Fire District, City and Tax Class.
TNSH – Township, data entered in ABU.
FIRD – Fire District, data entered in ABU.
CTYC – City, data entered in ABU.
TCLS – Tax Class, data entered in APU.
4. MAP NUMBER - Map and parcel number assigned by tax office.
MAPN – Map Number
5. CARD NO - Page number for parcels that have multiple pages.
CRDN- Card number
6. RECORD NUMBER - Number assigned by tax office to each individual parcel. This
is a permanent number and follows the parcel even if it is transferred to another
party.
RECN- Record number
7. ROUTE – Used for the computerized routing of parcels during the revaluation.
ROUT- Route number
8. LISTER – Lister’s initials and date listed. Property listed by James D Jones on
January 31, 2008 would be JDJ013108.
LISD – Lister and Date
9. REVIEW - Review appraiser’s initials and date reviewed. Property reviewed by
James D Jones on January 31, 2008 would be JDJ013108.
RVWD- Reviewer and date
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10. TOPO - Description of property's topography.
TOPO- Topography codes:
01 - Level 03 - Below Street 05 - Steep 07 - Swampy
02 - Above Street 04 - Rolling 06-Low 08 - Rough
11. STRT - Describes the road surface, traffic patterns, and street characteristics.
STRT- Street codes:
01 - Paved 05 - Curb & Gutter 12 – Nooutlet 16 – Dirt Road
02 - Unpaved 06 - Sidewalk 13 - Low Traffic 17 – Rock
03 - Proposed 07 - Alley 14 - Med Traffic
04 - None 11 - None 15 - Heavy Traffic
12. UTIL - Utilities a given parcel has.
UTIL- Utility codes:
01 - All Public 04 - Gas 07 - Stormsewer
02 - Pubwater 05 - Well 08 - Electric
03 – All Rural 06 - Septic 09 - None
13. ZONE - Zoning is used for specific areas in the governmental unit town for different
purposes.
14. ACRES - Number of acres of a given parcel. TRAC is used to adjust parcels of land
that have acreage within a special district, for example a 100 acre tract of which 40
acres lies outside the city limits and 60 acres inside, enter TRAC 100 on both
parcels.
15. AFCT/FRFT - Acreage Factor Table or Front Foot Table used for the parcel. If the
Standard Table is used this area will be blank.
AFCT CODES: FRFT CODES:
00 - Average 05 - Nominal 00 - Standard
01 - Excellent 06 - Homesite 01 - Commercial
02 - Good 07 - Commercial 09 - Blank- (For
03 - Fair 08 - Industrial Land Use
04 - Poor 09 - Blank- (For Land Purpose)
Use Purpose)
Acreage Factor Tables are designed to assist appraisers adjust for frontage, depth,
size, location, or any other factor that can lead to a more realistic and equitable
appraisal.
16. NBHD - Neighborhood Code. Neighborhood factors enable the appraiser to break
the county down by specific areas. These may be defined as a certain geographic
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area (subdivision) or a certain economic area. Once the area is defined a
neighborhood code is assigned.
Neighborhoods are first determined by township (geographic area). Neighborhoods
are broken down into smaller neighborhoods as to subdivision, commercial zone,
industrial zone, and location. If a parcel does not meet the criteria for being placed
in a smaller neighborhood it will be placed in the neighborhood for that township it is
located in, i.e. 100 for Roxboro Township.
TOWNSHIP NBHD Township Code
Roxboro 100 – 199 101
Allensville 200 – 299 102
Bushy Fork 300 – 399 103
Cunningham 400 – 499 104
Flat River 500 – 599 105
Holloway 600 – 699 106
Mt Tirzah 700 – 799 107
Olive Hill 800 – 899 108
Woodsdale 900 – 999 109
Roxboro City 1000 –1999
Hyco Lake 2000 – 2999
Mayo Lake 3000 – 3999
Special Use 1 – 99
A listing of all Neighborhoods will be posted as an addendum to this manual at the
completion of the revaluation program.
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17. NOT1/NOT2 - Section for making miscellaneous notes about the parcel.
18. LND1/2/3/4/5/6 - Six land segments are available for use with the rules and
schedules outlined in the Land Schedules Chapter.
19. LCLS - Land Class and LGRD – Land Grade.
LTYP - Indicates code for Land Type pricing
LAND TYPE CODES:
LTYP - A - Acreage “A”
LTYP - F - Front Foot “F”
LTYP - L - Lot Price “L”
LTYP - N - No Land “N”
LTYP - S - Square Foot "S"
LTYP - V - Sound Value "V”
20. SIZE - Indicates size of each land segment for acreage tracts.
21. BASERATE - The unadjusted amount for each land segment.
22. FRNT - Frontage is dimension of property laying on a street. An adjustment is
made for irregular shaped lots. Data entry is LAR1.
23. DPTH - Depth of a particular parcel. An adjustment is made for irregular shaped
lots. Data entry is LDEP.
24. ADJ - Adjustment made after size or frontage factor has been applied and further
factors indicate a plus or negative factor is needed, i.e. adjustment for corner
influence or an adjustment for topography. Building sites or lots that do not
percolate should have a 50% adjustment. Data entry is LADJ.
25. ADJRATE - the final adjusted rate after all factors have been applied.
26. UNITS - The number of acres or front feet in a particular land segment.
27. LNDVAL - The total value of a particular land segment
28. LAND VALUE - The total value of land for a particular parcel
29. OFB# - Eight lines are available per page for other features
30. OTHER FEAT - Other Features are defined as outbuildings and other improvements
that add value to the property. These are coded as OCLS and are listed as 01
through 99. For a list of all of the outbuildings see the Other Features and
Outbuildings (OCLS) Schedules and Specifications chapter.
OFB1-OFB8 – Eight outbuildings or other features per parcel card.
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OGRD - Indicated grade of OCLS.
31. SIZE - The size or number of units for each outbuilding or feature.
OLNG - Length of OCLS
OWID - Width of OCLS
32. BASERATE – The non-adjusted rate for each OCLS.
33. COND - Adjustment factor applied based on condition of OCLS.
OCND - Condition Factor
34. ADJRATE - Rate after depreciation factor is applied.
35. UNITS - Total square footage or total units to be multiplied by the adjusted rate.
36. OFB-VALUE - Total value for each OCLS.
37. OTHER VALUE - Total value of all OCLS's.
38. FNDATION - Underlying base or support; especially: the whole masonry substructure
of a building. It may be in many forms, but for use with this system applies only to the
following:
FNDT- Foundation codes: (Does Not Add Value)
01-Concrete Slab
02-Concrete Block
03-Brick
04-Stone
05-Frame
11-Continuous Wall- meaning that the foundation whether it be masonry or wood,
continues around the perimeter of the building. Often instead of showing
continuous wall we will use the term Brick, Stone, Concrete Block or Frame
to more specifically describe the construction of foundation.
12-Pier
39. XTRFNISH - Exterior finish. Exterior walls are defined as the materials involved in
the walls or external vertical perimeter of a structure.
XTFN- Exterior finish codes & definitions: (Affects value in line 1 only)
01-FRAME- Wood frame siding denotes any type of wood framing with or
without sheathing and wood siding. No value added.
02-BRICK- Used on exposed parts of a building and is usually color treated and
finished. Adds value.
03-FR & MAS- A combination of frame and masonry. Adds value.
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04-C BLOCK- Concrete or cinder block can range in size from 8 to 26 inches.
Subtracts value.
05-STUCCO- Stucco is a cement coating used to cover walls and is put on wet, but
dries exceedingly hard and durable. Tile stucco is terra cotta tile with cement
stucco applied to the exterior. Wood frame stucco is a type of wall that is formed
by applying cement stucco to a frame-work of wood with wire or wood lath. A
concrete block stucco is a wall of concrete block with cement stucco applied to
the exterior creating a textured surface. Adds value.
06-BD&BATEN- Board and batten is sheathing placed on walls in a vertical position
with the joints covered by narrow strips called batten. With 12 inch boards nailed
to sheathing in a vertical position and the joints covered by battens. Usually
above average type of construction. No value added.
07-CEDAR- Either horizontal lap siding or vertical panels of cedar, cypress,
redwood, or rough fir normally unfinished or naturally stained and is desirable
because if color and maintenance free characteristics. Usually the lap siding has
above average type of construction. Adds Value.
08-SID/SHEA- Siding or sheathing usually in the form of 4x8 panels positioned
vertically over sheathing. Example (T1-ll) No value added.
09-METL/GLS- Glass/thermopane is a glass sandwich designed for use on
exterior walls. Usually tinted and with an aluminum or metal framing system.
Is typically on large commercial office buildings. Adds value.
10-TILE- Terra cotta tile (8 inch) with cement stucco applied to the exterior. Terra
cotta tile is a baked clay product sometimes called hollow tile. Adds Value.
11-AL/VIN- Flat or corrugated aluminum, vinyl, or steel sheets fastened to a
wood or metal frame as a direct replacement or cover for horizontal wood or
sheathing. No value added.
12-ASBESTOS- Asbestos shingles are laid over wood frame with sheathing. The
principle composition of shingles is asbestos that is a mineral fiber. It is
incombustible, non-conducting and chemically resistant. Typically these shingles
are hard and brittle in nature with a noticeable grain or texture. Subtracts value.
13-CMP/SGL- Composition or wall-board is composition siding that comes in
varied thickness and rolls usually fastened over wood framing by nailing. Can be
any of the various man-made materials on wood or metal framing such as
"Homosote", or "Celotex", or other trades name products. These must be treated
or painted to withstand weather and is inexpensive construction. Can also be
made of asphalt shingle type material and is often made to resemble brick.
Deducts value
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14-WDSHG- Wood shingles are usually cedar or redwood and usually appear on
expensive homes - the irregular shaped cedar shakes being the most
expensive. Adds value.
15-LOGS- Solid wall construction using 5" to 6" diameter logs with tongue and
groove, peeled to a clean wood finish, and spiked or doweled using weather
sealant or caulking. Logs are usually pretreated with a preservative. Interior
walls are often constructed of conventional materials while the interior perimeter
wall is the same as exterior. Adds value.
16-PERM/ST- Perma Stone Older faux stone siding. No value added.
17-MASONITE- Wood like in appearance usually lapped over sheathing made of
compressed wood or fibers. Hardboard siding is usually 6 to 12 inches wide. No
value added.
18-CEMENT BOARD- Cement fiber board or Hardy board is usually found on the
more expensive houses. Adds value.
19-BRICK/LC-Low cost brick. Adds approximately 1/4th the value of regular brick.
20-BRICK/JB-Jumbo brick. A larger than average brick. Adds more value than
regular brick
21-STONE- Good stone or stone veneers, on wood or wood sheathing.
No added value. .
22-METAL- Modular metal walls used in mobile home construction and other
similar prefab metal walls. No added value.
.
40. ROOFTYPE - Roof type is the style of framing involved.
RFTY- Roof type codes & definitions: (Does not affect value)
01-GABLE- A gable roof is pitched (pitch is the slope of the roof) in two directions,
as an inverted V.
02-HIP- The hip roof is usually pitched in four directions.
03-GAMBREL- A type of roof which has its slope broken by an obtuse angle, so
that the lower slope is steeper than the upper slope; a roof with two pitches such
as is common on a barn.
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04-MANSARD- A mansard roof has two slopes on all four sides, the lower slope
very steep, the upper slope almost flat.
05-FLAT- A flat roof refers to a structural material which spans a horizontal or
nearly horizontal position from wall-to-wall or beam-to-beam.
06-SPECIAL- Any of a variety of unusual slopes which do not have the same size
rise per foot run throughout.
41. ROOFMTRL - Roof materials may be better called "roofing", since this is the
finished or wearing surface of a roof.
RFMT- Roof material codes & definitions: (does not add value)
01-ASPHSHNG- Asphalt or fiberglass shingles are made from asbestos felt
saturated with asphalt. These are pliable shingles, which are fastened down by
nailing to some type of sheathing.
02-ASBESHNG- Asbestos shingles are made of rigid, fireproof asbestos products
which come in individual shingles and are fastened down in the same manner as
wood or composition.
03-TILE- Tile (terra cotta or concrete) is a cement product in either flat or half-round
form which is laid over a built up surface, and painted.
04-METAL- This refers to V crimped or enamel shingles. Enamel shingles are
metal shingles coated with enamel. This type of shingle is usually predrilled and
fastened down by nailing to some type of sheathing or strips.
05-WDSHINGL- Wood shingles are usually cedar or redwood shingles and usually
appear on expensive homes.
06-SLATE- Shingles made of slate fastened down to sheathing or strips.
07-ROLLROOF- A roofing consisting of asbestos, felt saturated with asphalt and
assembled with asphalt cement, which comes in rolls and is fastened down to a
wood, composition or gypsum decking with tar and nails.
08-BUILT UP- Gravel embedded in tar is hot mopped over various types of
composition, concrete, metal or gypsum roofing. This product requires a very
low pitched or flat shape. Built up refers to the building up of waterproof layers
with mopped tar.
42. SIZE/QTY Specifies story height and wall height if applicable.
43. DPRT - The depreciation table and table’s description. For example, DPRT1-RES
EXCELLENT. Blank area indicates use of standard depreciation schedule.
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DPRT- Depreciation codes: (Affects value of structure)
DPRT-00-STANDARD DEPRECIATION TABLE - RES AVERAGE
DPRT-01-RES EXCELLENT
DPRT-02-RES GOOD
DPRT-03-RES FAIR
DPRT-04-RES POOR
DPRT-05-COMMGOOD(Commercial good)
DPRT-06-COMM AVG (Commercial average)
DPRT-07-COMMPOOR (Commercial poor)
DPRT-08-MANF DW (Manufactured home doublewide)
DPRT-09-MANF SW (Manufactured home singlewide)
DEPR - Depreciation override for physical depreciation. The depreciation codes
above work in conjunction with effective age tables, to assist the appraiser in
arriving at equitable depreciation levels for each improvement being appraised.
These codes only apply to sketched improvements. Outbuildings are depreciated
according to physical condition and any types of functional or economic
obsolescence. The appraiser is responsible for assigning a fair depreciation
or percentage of loss in value considering the above factors.
44. WALLFNSH – Materials used to finish the interior perimeter walls and to form inner
partitions.
WLFN- Wall finish codes & definitions: (Does not add value)
01-DRY WALL- Drywall is a product of plaster with paper surfaces. It is fastened to
studding or furring strips and requires a seal where joints occur, and only paint
as a finish. It has become popular due to ease of installation and also due to the
fact that no plastering, as such, is necessary.
02-PANEL Panel (wood) is a very high grade plywood veneers or solid hardwoods
in tongue and groove which are interior finishes.
03-PLASTER- Portland cement mixed with sand and water to form a mortar-like
consistency used for covering walls and ceilings of a building.
A. PLASTER, NO FURRING- This refers to plaster on lath in wood frame
structure or plaster applied directly to the interior of masonry walls.
B. PLASTER, FURRED- Means the application of plaster to various types of
lath which, in turn, is fastened to "furring strips"; these are usually treated
lumber which are fastened to masonry walls. This forms a moisture barrier to
prevent dampness in masonry structures.
04-FIBR BRD- Fiberboard is a general term applied to sheets of material made
from wood or other vegetable fiber, having some insulating qualities and
usually used as roof or wall sheathing.
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05-ACOUSTIC- A ceiling designed to lessen sound reverberations: by absorption,
blocking, or muffling. In construction, the most common materials are acoustical
tile and acoustical plaster.
06-UNFINISH- Unfinished means that either no product is used or that the interior or
exterior walls are painted only and no partition work exists.
45. FLOORS - Floor finish materials include both the sub-flooring (if any) and the
finished floor or wearing surface.
FLFN- Floor finish codes & definitions: (Does not add value)
01-SOFTWOOD- Floor finish of pine or other similar softwood.
02-HARDWOOD- Is hardwood usually over sub flooring. The hardwood may be
D&M in planks or made up of small pieces in patterns or designs (parquet).
03-CONCRETE- Concrete either plain or reinforced poured on tamped fill or on the
ground.
04-TILE- Quarry or machine made and unglazed.
05-CARPET- Carpeting is floor finish where the base is prepared and the carpet
acts as the finish, and includes the underlay. Carpet is fastened to the floor.
06- VINYL- Either vinyl asbestos or linoleum floor covering
07- UNFINISHED- No finished wearing surface installed.
46. HEAT&AIR - Types of heat and air conditioning are listed in this section. Three
lines are available lines for heat and air with the first and second line affecting value.
HTAC-Heating and air conditioning codes & definitions:
01-NONE- No heating system. Subtracts value
02-UNITS- Stove or space heater either on the floor or suspended and can be
removed without damage to the building. Subtracts value
03-CENTRAL- A heating system that circulates hot forced air through ductwork. The
furnace may be oil, gas, or electric. No added value
04-HT PUMP- A combination heating and air conditioning unit. A heat pump is a
reverse cycle refrigeration unit that can be used for heating or cooling. Two
different heat pump systems with each using different sources for gathering and
heating or cooling air are available. One uses water and the other uses air.
Adds Value
05-WINDUNIT- Window unit air conditioning No added value
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06-SOLAR- A heating system using solar collectors, typically on the roof of the
house, to heat water which is then used to heat the house. No added value
07-FLR/WALL- A metal, box-like, warm-air furnace that is installed either
underneath the floor or in the wall having one grilled duct but not a ducted
distribution system. No added value
08-ELECT-BB- A system that uses electric base board units to heat the structure.
Subtracts value
09-CHWATER- Chilled water air conditioning system that utilizes a cooling tower as
a heat exchanger and associated compressors with ducting. Usually found in
commercial buildings. Adds value
10-STEAM- This heating system uses radiators in the rooms to be heated, the
steam or vapor being delivered from the boiler to radiators through one of
several arrangements of piping. The one-pipe gravity system is widely used
for smaller installations. The two-pipe steam or vapor system is used for larger
installations. Adds value
11-GASPACK- A gas-pack is a unit that combines an air conditioning unit with a gas
heating unit. Adds value
12-WOOD- Wood heat from a wood stove or a fireplace. Subtracts value
13-RADIANT- Method of steam, electric, or hot water heating consisting of pipes
that are concealed in floors, ceilings, or walls. Subtracts value
14-HOTWATER- A heating system consisting basically of a boiler, radiators,
expansion tank, and interconnecting piping. The system is filled with water that
circulates from the boiler through the pipes and radiators where its heat is
liberated, the water returning to the boiler. Such heating units are classified as
gravity or forced circulation systems, either of one or two pipes, and open or
closed expansion tanks. Adds value
15-HOT AIR-Any other type of forced hot air system. Adds value
17-CENT-AC- A system designed to control room temperature and humidity by
means of ventilation, air circulation, and air cleaning; the process of treating air
for simultaneous control of temperature, humidity, cleanliness, and distribution
by ductwork. Adds value
21-PREFAB- Prefabricated fireplace or gas logs for heat. Adds value
.
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47. HEATFUEL - Indicates type of fuel for heat
FUEL CODES: (Does not add value)
.
01-GAS 03-OIL 05-SOLAR
02-ELECTRIC 04-COAL 06-WOOD
48. BDRM - Number of bedrooms.
49. ROOM - Number of rooms.
50. WLHT - Wall height is used for commercial structures. Value is adjusted up or
down in accordance with the standard height for type of building.
51. IMPR - Type of improvement.
IMPR-Improvement Codes:
A - Apartment I - Industrial
C - Commercial O - Other
D - Dwelling V - Vacant
E - Exempt W - Waterfront
52. CNST - Style of construction.
CNST-Construction Codes: (Does not affect value)
1 Ranch 10 Modular 27 Office
2 B i Level 11 Doublewide 28 Restaurant
3 Split Level 12 Singlewide 29 Store
4 Conventional 21 Apartment 30 Shopping Center
5 Contemporary 22 Bank 31 Store Combination
6 Colonial 23 Service Garage 32 Commercial
7 Cape Cod 24 Service Station 33 Industrial
8 Row Type 25 Hotel 34 Conventional
9 English Tudor 26 Motel
56. GRDE – Grade of structure. Grade is based on quality of construction. Grade affects
the value of structure.
GRDE-Grade Codes:
A-Excellent B-Good C-Average D-Fair E-Poor
GRDF-Grade Factor: Used by the appraiser to adjust the grade
of structure by a plus factor or a minus factor.
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54. ERYR – Actual year built determines the depreciation rate unless there is an
effective year or DEPR override. This system does not allow an ERYR below 1901
so a structure built in 1890 would have to be entered ERYR 1901 with a note
entered for the actual year built.
56. RMYR – Year structure was remodeled. This does not affect value.
.
57. EFYR – Effective year (override by appraisers to adjust depreciation to a level which
should represent a realistic depreciation based on the physical condition of the
structure) as opposed to the actual year the structure was built. This does affect
value.
58. PHCO – The physical condition of the structure. This is descriptive only and does
not affect the value of the structure.
PHCO-Physical Condition Codes:
E – Excellent F – Fair
V – Very Good P – Poor
G – Good X – Very Poor
A – Average U – Unsound
58. STRUCTURE - Structure classes (SCLS) are listed in this section. Each section of
a structure is identified by a letter of the alphabet A through I (the system has room
for only 9 sections, other sections are to be listed on a second page or in the OFB
section). Section A would be entered as BLDA, section B would be entered as
BLDB, and etc.. Section A is the main section and all other sections are driven by
this section. A listing of all the structure classes can be found in the Structure Class
Schedules chapter.
59. SKTCH-SF - Structure's square footage calculated from the data entered to sketch
the structure.
59a.DIMENSIONS - Sketch vectors of each section of the structure that have been
entered to draw the sketch are shown in this section. A 24'x40' house that has been
labeled Section "A" would be entered as follows: SKVA <CR> CU40R24D40L24.
60. STHT - Story height. Computer code is STYH.
ATFP – Do not use finished attic, use percentage here or class by story height
under each building section. Finish attic distorts heated square feet.
For example:
A 1 ½ story house with unfinished upstairs would be listed as
01 Single Family with a story height of 1.50 and an
SCND of .85
A 1 story house with a finished attic would be listed as
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01 Single Family with a story height of 1.25 (or a decimal equivalent of the
finished upstairs area)
Note: Finished attics or any fraction of a story can be calculated as a
percentage of base area, see examples for basements (see
section No. 80) and use same calculations
61. AREA - Square footage that is calculated by multiplying the sketched square footage
by the story height.
62. RATE - The rate for each section before adjustments for heat, air conditioning,
exterior walls, and grade factor is listed here. The rate is based on structure class
and grade.
63. GRDF - Grade factor applied by the appraiser.
64. HEAT - Adjustment based on the type of heating and air conditioning system.
65. EXWL - Adjustment to base rate based on exterior walls
66. WLHT - Adjustment to base rate based on the wall height. This is used for
commercial buildings only. Each structure has a standard wall height and an
adjustment is made, either up or down, based on the subject's wall height.
67. ADJRAT - The adjusted rate is determined by applying the grade factor, heat
adjustment, exterior wall adjustment, and wall height adjustment to the base rate.
68. AREA - Indicates square footage that is calculated by multiplying the sketched
square footage by the story height.
69. RPCN - Replacement cost new of the structure is calculated by multiplying the
adjusted rate by the area.
70. DEPF - The depreciation factor applied to the RPCN.
71. CNDF - Factor that is applied by the appraiser for both economic and functional
obsolescence. The computer code for data entry is SCND. To apply both economic
and functional obsolescence to the same appraisal it is necessary to add the two
together and enter this under the SCND code.
Example: Functional -15%, economic -20%, enter under SCND-35.
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72. STR-VALUE- Structure value for individual sections and features of a building.
73. BATH - Number of baths, if any.
74. HBTH - Number of half-baths, if any.
75. ADFX - Additional plumbing fixtures if any.
76. FRPL - Number of fireplaces, if any. Do not enter prefab fireplaces here. Use HTAC
21 for prefabs.
77. STAK - Number of chimneys, if any. Flues are not considered chimneys.
78. BSMP - Unfinished basement percentage, if any. Do not exceed 255 percent of
base area.
Note: When structure class additions have unfinished basement areas it is
necessary to calculate total unfinished square footage area and divide by the
number of square footage in the main area (section A) of structure class in
order to get the actual percentage.
79. BSRP - Basement used as recreational room percentage, if any. Do not exceed 255
percent of base area.
Note: When structure class additions have recreational finished basement areas it is
necessary to calculate total recreational finished square footage area and
divide by the number of square footage in the main area (section A) of
structure class in order to get the actual percentage.
80. BSFP - Basement finished living area percentage, if any.
Do not exceed 255 percent of base area.
Note: When structure class additions have finished basement areas it is
necessary to calculate total finished square footage area and
divide by the number of square footage in the main area (section A) of
structure class in order to get the actual percentage.
Example 1: Main area 1,000 square feet of unfinished basement, additions 600
square feet of unfinished basement. Total unfinished basement 1600
square feet and divide by 1,000 square feet equals 160 percent.
81. BLD# - Identifies structure sections.
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82. CLS# - Identifies structure sections that are over or under another section, i.e. deck
over patio.
83. STRUCTURE VALUE - The total value of the structure.
84. TOTAL VALUE - Total of land and improvements.
85. CAVL - Current value of land
86. CAVO - Current value of other features and outbuildings
87. CAVB - Current value of main structure
88. TAVL - Current total value
89. PAVL - Previous value of land
90. PAVO - Previous value of other features and outbuildings
91. PAVB - Previous value of main structure
92. PVAL - Previous total value
93. P-N - Percent of previous value to current value
94. SALE - Information listed is date of sale, deed book and page, sales price, and deed
code describing type of sale.
COMPUTER CODES FOR SALE INFORMATION
SALE-Sales price DEED-Book and page number SDAT-Sales Date
DCOD-Sales Source Codes:
DCOD - 32 - Blank
DCOD - A - Pearson’s selected
DCOD - D - Deed
DCOD - B - Raw sales
DCOD - M - Multiple parcels
DCOD - P - Public auction
DCOD - Q - Qualified sales
DCOD - R - Realtor
DCOD - S - Deed stamps
DCOD - N - Unqualified
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95. S-N - Percent of current appraised value to sales price.
96. APPRAISED VALUE - Current appraised value of parcel.
ADDITIONAL COMPUTER CODES
LADJ - Land adjustment for topography, percolation problems, and corner influence.
LRAT - Land rate override to be applied at the appraiser's discretion to sound value
land.
ORAT - Outbuilding rate override to be used by the appraiser to sound value structures.
PCTC - This is designed to assist the assessor when appraising a partially complete
building in structure class SCLS under construction. Simply enter the code
PCTC and the percentage of completion. This will calculate the total value of
the structure and multiply this by the percentage complete.
It is important to note that the percentage used in PCTC affects the entire
structure. It is not practical to use this on additions to existing sketched
buildings because the percentage used would not only affect the addition but
the entire sketched structure.
Note: Another option would be to apply an adjustment under SCND but the
appraiser must remember the percentage under SCND when the addition
is completed.
RVDT - Enter a date after this code so that all new construction appraisals that are
incomplete can be rechecked at a future time to assure that all appraisals will be
updated as the new construction is completed.
UPCT - Undivided interest percentage.
CPCT - Percentage interest common area.
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LAND SCHEDULE
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LAND VALUATION METHOD
A. Open land is valued by the Market Data approach.
B. Woodland is valued by the Market Data approach.
C. Roads are defined as follows:
Paved means covered by asphalt or concrete or some other type of
permanent surfacing.
Unpaved means right-of-way of adequate width, ditched, and normally an all
weather road that is maintained. Base may be sand, soil, gravel, or stone
and has no permanent type surface.
None means private right-of-way (path or lane) that is open but is not normally
maintained, or means right-of-way which is not open for normal road use, or
means property without access, such as right-of-way or easement.
E. In areas of commercial or industrial sites, tracts for residential development,
excessive road frontage, useable water frontage, and well located small tracts, or any
other factor that influences land value pricing will be adjusted by Market Adjustment.
Likewise, factors that affect tracts located in areas that make them unfeasible to
manage and practically inaccessible will cause reduction in price to reflect the proper
value.
F. Acreage tracts will be appraised using the Land Class, Grade, and Acreage Factor
that is based on location, and tract size.
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ADDITIONAL LAND ADJUSTMENTS
TOPOGRAPHY
Land considered to be usable but suffering from rough topography may need further
adjustment to achieve market value. Rough topography increases the development and
building cost required to gain the optimum use from a parcel of land. The usable land on
each parcel must be looked at as a whole and adjustments applied as indicated by
comparable sales.
PERCOLATION PROBLEMS
Adjustments will be made to parcels of land that have been inspected by the Health
Department and have been rejected because the soil will not percolate (unsuitable for a
septic tank). Documentation must accompany any request for adjustments because of
percolation problems. The adjustment is 50% off on the building site.
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Class 1 FF Residential 1 FF RES 1 Grades A-X
Class 2 FF Residential 2 FF RES 2 Grades A-X
TYPE/ FF RESIDENTIAL 1 FF RESIDENTIAL 2
NUMBER 1 2
METHO
D
FRT FT
RT
SQ FT
RATE
ACRE
RATE
FRT FT
RT
SQ FT
RATE
ACRE
RATE
GRADE
A 20.00 0.09 4000 180.00 0.83 36000
B 25.00 0.11 5000 190.00 0.87 38000
C 30.00 0.13 6000 200.00 0.92 40000
D 35.00 0.16 7000 210.00 0.96 42000
E 40.00 0.18 8000 220.00 1.01 44000
F 45.00 0.20 9000 230.00 1.06 46000
G 50.00 0.23 10000 240.00 1.10 48000
H 55.00 0.25 11000 250.00 1.15 50000
I 60.00 0.28 12000 260.00 1.19 52000
J 65.00 0.30 13000 270.00 1.24 54000
K 70.00 0.32 14000 280.00 1.29 56000
L 75.00 0.34 15000 290.00 1.33 58000
M 80.00 0.36 16000 300.00 1.38 60000
N 85.00 0.39 17000 310.00 1.42 62000
O 90.00 0.41 18000 320.00 1.47 64000
P 95.00 0.44 19000 330.00 1.52 66000
Q 100.00 0.46 20000 340.00 1.56 68000
R 110.00 0.51 22000 350.00 1.61 70000
S 120.00 0.55 24000 360.00 1.65 72000
T 130.00 0.60 26000 370.00 1.70 74000
U 140.00 0.64 28000 380.00 1.74 76000
V 150.00 0.69 30000 400.00 1.84 80000
W 160.00 0.73 32000 425.00 1.95 85000
X 170.00 0.78 34000 450.00 2.07 90000
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Class 3 FF Residential 3 FF RES 3 Grades A-X
TYPE/ FF RESIDENTIAL 3
NUMBER 3
METHOD FRT FT
RT
SQ FT
RATE
ACRE
RATE
GRADE
A 475.00 2.18 95000
B 500.00 2.30 100000
C 525.00 2.41 105000
D 550.00 2.53 110000
E 575.00 2.64 115000
F 600.00 2.75 120000
G 625.00 2.87 125000
H 650.00 2.98 130000
I 675.00 3.10 135000
J 700.00 3.21 140000
K 725.00 3.33 145000
L 750.00 3.44 150000
M 775.00 3.56 155000
N 800.00 3.67 160000
O 825.00 3.78 165000
P 850.00 3.90 170000
Q 875.00 4.02 175000
R 900.00 4.13 180000
S 925.00 4.25 185000
T 950.00 4.36 190000
U 975.00 4.48 195000
V 1000.00 4.59 200000
W 1100.00 5.05 220000
X 1200.00 5.51 240000
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Class 11 Building Site 1 BLDGSIT1 Grades A-X
Class 21 Cleared Land 1 CLEARED1 Grades A-X
Class 31 Wood Land 1 WOODED 1 Grades A-X
Class 41 Residual Land 1 RESID 1 Grades A-X
The appraiser should use the same land grade (LGRD) for all land segments, i.e. a 30
acre tract that has a house, 10 acres cleared, and 19 acres wood land. Sales indicate
the building site is worth $15,000. The tract land segments are BUILDGSIT1 11X 1.00
acre, CLEARED1 21X 10.00 acre, and WOOD 1 31X 20.00.
TYPE/ BUILDING
SITE 1
CLEARED 1 WOODED 1 RESIDUAL
1
NUMBER 11 21 31 41
METHOD ACRE
RATE
ACRE
RATE
ACRE
RATE
ACRE
RATE
GRADE
A 3000 675 338 608
B 3500 788 394 709
C 4000 900 450 810
D 4500 1013 506 911
E 5000 1125 563 1013
F 5500 1238 619 1114
G 6000 1350 675 1215
H 6500 1463 731 1316
I 7000 1575 788 1418
J 7500 1688 844 1519
K 8000 1800 900 1620
L 8500 1913 956 1721
M 9000 2025 1013 1823
N 9500 2138 1069 1924
O 10000 2250 1125 2025
P 10500 2363 1181 2126
Q 11000 2475 1238 2228
R 11500 2588 1294 2329
S 12000 2700 1350 2430
T 12500 2813 1406 2531
U 13000 2925 1463 2633
V 13500 3038 1519 2734
W 14000 3150 1575 2835
X 15000 3375 1688 3038
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Class 12 Building Site 2 BLDGSIT2 Grades A-X
Class 22 Cleared Land 2 CLEARED2 Grades A-X
Class 32 Wood Land 2 WOODED 2 Grades A-X
Class 42 Residual Land 2 RESID 2 Grades A-X
The appraiser should use the same land grade (LGRD) for all land segments, i.e. a 30
acre tract that has a house, 10 acres cleared, and 19 acres wood land. Sales indicate
the building site is worth $16,000. The tract land segments are BUILDGSIT2 12A 1.00
acre, CLEARED2 22A 10.00 acre, and WOOD 2 32A 20.00.
TYPE/ BUILDING
SITE 2
CLEARED 2 WOODED 2 RESIDUAL
2
NUMBER 12 22 32 42
METHOD ACRE
RATE
ACRE
RATE
ACRE
RATE
ACRE
RATE
GRADE
A 16000 3600 1800 3240
B 17000 3825 1913 3443
C 18000 4050 2025 3645
D 19000 4275 2138 3848
E 20000 4500 2250 4050
F 21000 4725 2363 4253
G 22000 4950 2475 4455
H 23000 5175 2588 4658
I 24000 5400 2700 4860
J 25000 5625 2813 5063
K 26000 5850 2925 5265
L 27000 6075 3038 5468
M 28000 6300 3150 5670
N 29000 6525 3263 5873
O 30000 6750 3375 6075
P 32000 7200 3600 6480
Q 34000 7650 3825 6885
R 36000 8100 4050 7290
S 38000 8550 4275 7695
T 40000 9000 4500 8100
U 42500 9563 4781 8606
V 45000 10125 5063 9113
W 47500 10688 5344 9619
X 50000 11250 5625 10125
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Class 13 Building Site 3 BLDGSIT3 Grades A-X
Class 23 Cleared Land 3 CLEARED3 Grades A-X
Class 33 Wood Land 3 WOODED 3 Grades A-X
Class 43 Residual Land 3 RESID 3 Grades A-X
The appraiser should use the same land grade (LGRD) for all land segments, i.e. a 30
acre tract that has a house, 10 acres cleared, and 19 acres wood land. Sales indicate
the building site is worth $60,000. The tract land segments are BUILDGSIT2 13D 1.00
acre, CLEARED2 23D 10.00 acre, and WOOD 2 33D 20.00.
TYPE/ BUILDING
SITE 3
CLEARED 3 WOODED 3 RESIDUAL
3
NUMBER 13 23 33 43
METHOD ACRE
RATE
ACRE
RATE
ACRE
RATE
ACRE
RATE
GRADE
A 52500 11813 5906 10631
B 55000 12375 6188 11138
C 57500 12938 6469 11644
D 60000 13500 6750 12150
E 62500 14063 7031 12656
F 65000 14625 7313 13163
G 67500 15188 7594 13669
H 70000 15750 7875 14175
I 75000 16875 8438 15188
J 80000 18000 9000 16200
K 85000 19125 9563 17213
L 90000 20250 10125 18225
M 95000 21375 10688 19238
N 100000 22500 11250 20250
O 105000 23625 11813 21263
P 110000 24750 12375 22275
Q 115000 25875 12938 23288
R 120000 27000 13500 24300
S 125000 28125 14063 25313
T 130000 29250 14625 26325
U 135000 30375 15188 27338
V 140000 31500 15750 28350
W 145000 32625 16313 29363
X 150000 33750 16875 30375
395
93
Class 91 Ponds and Lakes POND 1 Grades A-X
Class 92 Ponds and Lakes POND 2 Grades A-X
Class 93 Ponds and Lakes POND 3 Grades A-X
Class 94 Waste WASTE Grades A-X
Class 95 Cemetery CEMETERY Grades A-X
TYPE/ POND/LAKE1 POND/LAKE2 POND/LAKE3 WASTE CEME
TERY
NUMBER 91 92 93 94 95
METHOD ACRE RATE ACRE RATE ACRE RATE ACRE
RATE
ACRE
RATE
GRADE
A 675 3600 11813 50 1700
B 788 3825 12375 60 2100
C 900 4050 12938 70 2600
D 1013 4275 13500 80 3000
E 1125 4500 14063 90 3400
F 1238 4725 14625 100 3900
G 1350 4950 15188 125 4300
H 1463 5175 15750 150 4700
I 1575 5400 16875 175 5200
J 1688 5625 18000 200 5600
K 1800 5850 19125 225 6000
L 1913 6075 20250 250 6500
M 2025 6300 21375 275 6900
N 2138 6525 22500 300 7700
O 2250 6750 23625 325 8600
P 2363 7200 24750 350 9400
Q 2475 7650 25875 375 10750
R 2588 8100 27000 400 12000
S 2700 8550 28125 450 12900
T 2813 9000 29250 500 13800
U 2925 9563 30375 550 15000
V 3038 10125 31500 600 17200
W 3150 10688 32625 650 21500
X 3375 11250 33750 700 25800
396
94
Class 51 Waterview 1 WTRVIEW1 Grades A-X
Class 52 Waterview 2 WTRVIEW2 Grades A-X
TYPE/ WATERVIEW 1 WATERVIEW 2
NUMBER 51 52
METHO
D
FRT FT
RT
LOT
RATE
ACRE
RATE FRT FT RT LOT RATE
ACRE
RATE
GRADE
A 15.00 3000 3000 170.00 34000 34000
B 20.00 4000 4000 180.00 36000 36000
C 25.00 5000 5000 190.00 38000 38000
D 30.00 6000 6000 200.00 40000 40000
E 35.00 7000 7000 210.00 42000 42000
F 40.00 8000 8000 220.00 44000 44000
G 45.00 9000 9000 230.00 46000 46000
H 50.00 10000 10000 240.00 48000 48000
I 55.00 11000 11000 250.00 50000 50000
J 60.00 12000 12000 260.00 52000 52000
K 65.00 13000 13000 270.00 54000 54000
L 70.00 14000 14000 280.00 56000 56000
M 75.00 15000 15000 290.00 58000 58000
N 80.00 16000 16000 300.00 60000 60000
O 85.00 17000 17000 325.00 65000 65000
P 90.00 18000 18000 350.00 70000 70000
Q 95.00 19000 19000 375.00 75000 75000
R 100.00 20000 20000 400.00 80000 80000
S 110.00 22000 22000 425.00 85000 85000
T 120.00 24000 24000 450.00 90000 90000
U 130.00 26000 26000 475.00 95000 95000
V 140.00 28000 28000 500.00 100000 100000
W 150.00 30000 30000 525.00 105000 105000
X 160.00 32000 32000 550.00 110000 110000
397
95
Class 53 Waterview 3 WTRVIEW3 Grades A-X
Class 54 Waterview 4 WTRVIEW4 Grades A-X
TYPE/ WATERVIEW 3 WATERVIEW 4
NUMBER 53 54
METHOD FRT FT
RT
LOT
RATE
ACRE
RATE FRT FT RT LOT RATE
ACRE
RATE
GRADE
A 575.00 115000 115000 2300.00 460000 460000
B 600.00 120000 120000 2400.00 480000 480000
C 625.00 125000 125000 2500.00 500000 500000
D 650.00 130000 130000 2600.00 520000 520000
E 675.00 135000 135000 2700.00 540000 540000
F 700.00 140000 140000 2800.00 560000 560000
G 750.00 150000 150000 2900.00 580000 580000
H 800.00 160000 160000 3000.00 600000 600000
I 850.00 170000 170000 3100.00 620000 620000
J 900.00 180000 180000 3200.00 640000 640000
K 950.00 190000 190000 3300.00 660000 660000
L 1000.00 200000 200000 3400.00 680000 680000
M 1100.00 220000 220000 3500.00 700000 700000
N 1200.00 240000 240000 3600.00 720000 720000
O 1300.00 260000 260000 3700.00 740000 740000
P 1400.00 280000 280000 3800.00 760000 760000
Q 1500.00 300000 300000 3900.00 780000 780000
R 1600.00 320000 320000 4000.00 800000 800000
S 1700.00 340000 340000 4100.00 820000 820000
T 1800.00 360000 360000 4200.00 840000 840000
U 1900.00 380000 380000 4300.00 860000 860000
V 2000.00 400000 400000 4400.00 880000 880000
W 2100.00 420000 420000 4500.00 900000 900000
X 2200.00 440000 440000 4600.00 920000 920000
398
96
Class 61 Lot Rate 1 LOTS 1 Grades A-X
Class 62 Lot Rate 2 LOTS 2 Grades A-X
Class 63 Lot Rate 3 LOTS 3 Grades A-X
TYPE/ LOTS 61 LOTS 62 LOTS 63
NUMBER LOT
RATE
ACRE
RATE LOT RATE
ACRE
RATE LOT RATE
ACRE
RATE
GRADE
A 800 800 8500 8500 55000 55000
B 1000 1000 9000 9000 57500 57500
C 1200 1200 9500 9500 60000 60000
D 1400 1400 10000 10000 62500 62500
E 1500 1500 10500 10500 65000 65000
F 1600 1600 11000 11000 67500 67500
G 1800 1800 12000 12000 70000 70000
H 2000 2000 13500 13500 72500 72500
I 2200 2200 15000 15000 75000 75000
J 2500 2500 17500 17500 77500 77500
K 2700 2700 20000 20000 80000 80000
L 3000 3000 22500 22500 82500 82500
M 3200 3200 25000 25000 85000 85000
N 3500 3500 27500 27500 87500 87500
O 3700 3700 30000 30000 90000 90000
P 4000 4000 32500 32500 92500 92500
Q 4500 4500 35000 35000 95000 95000
R 5000 5000 37500 37500 97500 97500
S 5500 5500 40000 40000 100000 100000
T 6000 6000 42500 42500 105000 105000
U 6500 6500 45000 45000 110000 110000
V 7000 7000 47500 47500 115000 115000
W 7500 7500 50000 50000 120000 120000
X 8000 8000 52500 52500 125000 125000
399
97
Class 71 FF Commercial 1 FFCOMM1 Grades A-X
Class 72 FF Commercial 2 FFCOMM2 Grades A-X
TYPE/ FF COMMERCIAL 1 FF COMMERCIAL 2
NUMBER 71 72
METHOD FRT FT
RT
SQ FT
RATE
ACRE
RATE
FRT FT
RT
SQ FT
RATE
ACRE
RATE
GRADE
A 40.00 0.19 8280 525.00 2.49 108675
B 50.00 0.24 10350 550.00 2.61 113850
C 60.00 0.29 12420 575.00 2.73 119025
D 70.00 0.33 14490 600.00 2.85 124200
E 80.00 0.38 16560 625.00 2.97 129375
F 90.00 0.43 18630 650.00 3.09 134550
G 100.00 0.48 20700 675.00 3.21 139725
H 120.00 0.57 24840 700.00 3.33 144900
I 140.00 0.67 28980 725.00 3.45 150075
J 160.00 0.76 33120 750.00 3.56 155250
K 180.00 0.86 37260 775.00 3.68 160425
L 200.00 0.95 41400 800.00 3.80 165600
M 225.00 1.07 46575 825.00 3.92 170775
N 250.00 1.19 51750 850.00 4.04 175950
O 275.00 1.31 56925 875.00 4.16 181125
P 300.00 1.43 62100 900.00 4.28 186300
Q 325.00 1.54 67275 950.00 4.51 196650
R 350.00 1.66 72450 1000.00 4.75 207000
S 375.00 1.78 77625 1100.00 5.23 227700
T 400.00 1.90 82800 1200.00 5.70 248400
U 425.00 2.02 87975 1300.00 6.18 269100
V 450.00 2.14 93150 1400.00 6.65 289800
W 475.00 2.26 98325 1500.00 7.13 310500
X 500.00 2.38 103500 1600.00 7.60 331200
400
98
Class 73 FF Commercial 3 FFCOMM3 Grades A-X
TYPE/ FF COMMERCIAL 3
NUMBER 73
METHOD FRT FT
RT
SQ FT
RATE
ACRE
RATE
GRADE
A 1700.00 8.08 351900
B 1800.00 8.55 372600
C 1900.00 9.03 393300
D 2000.00 9.50 414000
E 2100.00 9.98 434700
F 2200.00 10.45 455400
G 2300.00 10.93 476100
H 2400.00 11.40 496800
I 2500.00 11.88 517500
J 2600.00 12.36 539200
K 2700.00 12.83 558900
L 2800.00 13.31 579600
M 2900.00 13.78 600300
N 3000.00 14.26 621000
O 3100.00 14.73 641700
P 3200.00 15.21 662400
Q 3300.00 15.68 683100
R 3400.00 16.16 703800
S 3500.00 16.63 724500
T 3600.00 17.11 745200
U 3700.00 17.58 765900
V 3800.00 18.06 786600
W 3900.00 18.53 807300
X 4000.00 19.01 828000
401
99
Class 81 FF Industrial 1 FFINDUS1 Grades A-X
Class 82 FF Industrial 2 FFINDUS2 Grades A-X
TYPE/ FF INDUSTRIAL 1 FF INDUSTRIAL 2
NUMBER 81 82
METHOD FRT FT
RT
SQ FT
RATE
ACRE
RATE
FRT FT
RT
SQ FT
RATE
ACRE
RATE
GRADE
A 40.00 0.19 8280 525.00 2.49 108675
B 50.00 0.24 10350 550.00 2.61 113850
C 60.00 0.29 12420 575.00 2.73 119025
D 70.00 0.33 14490 600.00 2.85 124200
E 80.00 0.38 16560 625.00 2.97 129375
F 90.00 0.43 18630 650.00 3.09 134550
G 100.00 0.48 20700 675.00 3.21 139725
H 120.00 0.57 24840 700.00 3.33 144900
I 140.00 0.67 28980 725.00 3.45 150075
J 160.00 0.76 33120 750.00 3.56 155250
K 180.00 0.86 37260 775.00 3.68 160425
L 200.00 0.95 41400 800.00 3.80 165600
M 225.00 1.07 46575 825.00 3.92 170775
N 250.00 1.19 51750 850.00 4.04 175950
O 275.00 1.31 56925 875.00 4.16 181125
P 300.00 1.43 62100 900.00 4.28 186300
Q 325.00 1.54 67275 950.00 4.51 196650
R 350.00 1.66 72450 1000.00 4.75 207000
S 375.00 1.78 77625 1100.00 5.23 227700
T 400.00 1.90 82800 1200.00 5.70 248400
U 425.00 2.02 87975 1300.00 6.18 269100
V 450.00 2.14 93150 1400.00 6.65 289800
W 475.00 2.26 98325 1500.00 7.13 310500
X 500.00 2.38 103500 1600.00 7.60 331200
402
100
Class 83 FF Industrial 3 FFINDUS3 Grades A-X
TYPE/ FF INDUSTRIAL 3
NUMBER 83
METHOD FRT FT
RT
SQ FT
RATE
ACRE
RATE
GRADE
A 1700.00 8.08 351900
B 1800.00 8.55 372600
C 1900.00 9.03 393300
D 2000.00 9.50 414000
E 2100.00 9.98 434700
F 2200.00 10.45 455400
G 2300.00 10.93 476100
H 2400.00 11.40 496800
I 2500.00 11.88 517500
J 2600.00 12.36 539200
K 2700.00 12.83 558900
L 2800.00 13.31 579600
M 2900.00 13.78 600300
N 3000.00 14.26 621000
O 3100.00 14.73 641700
P 3200.00 15.21 662400
Q 3300.00 15.68 683100
R 3400.00 16.16 703800
S 3500.00 16.63 724500
T 3600.00 17.11 745200
U 3700.00 17.58 765900
V 3800.00 18.06 786600
W 3900.00 18.53 807300
X 4000.00 19.01 828000
403
101
LAND
FACTOR
TABLES
404
102
LAND FACTOR TABLES
Land factor tables are used to make adjustments to land because, of size, location, and
use of land. These tables consist of acreage factor tables, residential depth factor
tables, residential frontage tables, commercial depth tables, and commercial frontage
tables. There are 9 acreage factor tables.
ACREAGE FACTOR TABLES DESCRIPTION
TABLE TYPE COMMENTS Land Class
Standard Average System default All
1 Excellent Location All
2 Good Location All
3 Fair Fair All
4 Poor Poor All
5 Nominal Very poor All
6 Home site Usually less than
10.0 acres
11, 12, 13, 41, 42, 43, 51, 52, 53, 54
7 Commercial Use 71, 72, 73
8 Industrial Use 81, 82, 83
405
103
LAND FACTOR TABLES
00=Standard
TYPE AVG EXCL GOOD FAIR POOR NOM HOME COMM INDUST
TABLE 00 1 2 3 4 5 6 7 8
Acres Acres Acres Acres
0.01 2.950 5.250 4.200 2.800 1.950 1.000 0.01 1.750 0.01 1.99 0.01 4.000
0.60 2.900 5.000 4.000 2.600 1.900 1.000 0.35 1.700 0.35 1.95 0.35 3.900
0.70 2.800 4.800 3.850 2.450 1.850 1.000 0.40 1.650 0.40 1.89 0.40 3.750
0.80 2.650 4.600 3.700 2.300 1.800 1.000 0.45 1.600 0.45 1.85 0.45 3.600
0.90 2.500 4.400 3.550 2.150 1.750 1.000 0.50 1.550 0.50 1.80 0.50 3.550
1.00 2.400 4.200 3.400 2.000 1.700 1.000 0.60 1.370 0.60 1.77 0.60 3.520
2.00 2.300 4.000 3.150 1.920 1.650 1.000 0.65 1.300 0.65 1.70 0.65 3.400
3.00 2.200 3.850 2.950 1.840 1.600 1.000 0.70 1.230 0.70 1.60 0.70 3.230
4.00 2.100 3.600 2.750 1.750 1.520 1.000 0.75 1.180 0.75 1.58 0.75 3.180
5.00 2.000 3.450 2.600 1.670 1.450 1.000 0.80 1.140 0.80 1.54 0.80 3.000
6.00 1.900 3.300 2.450 1.590 1.380 1.000 0.85 1.100 0.85 1.50 0.85 2.880
7.00 1.800 3.150 2.300 1.520 1.380 1.000 0.90 1.060 0.90 1.40 0.90 2.710
8.00 1.700 3.000 2.150 1.450 1.270 1.000 0.95 1.030 0.95 1.30 0.95 2.630
9.00 1.600 2.850 2.050 1.380 1.210 1.000 1.00 1.000 1.00 1.25 1.00 2.500
10.00 1.550 2.600 1.950 1.330 1.170 1.000 1.25 0.980 1.10 1.20 1.10 2.100
11.00 1.500 2.450 1.900 1.300 1.140 1.000 1.50 0.960 1.20 1.18 1.20 2.000
12.00 1.450 2.350 1.850 1.270 1.120 1.000 1.75 0.940 1.30 1.16 1.30 1.990
13.00 1.400 2.250 1.800 1.240 1.090 1.000 2.00 0.920 1.35 1.13 1.35 1.980
14.00 1.350 2.150 1.750 1.210 1.070 1.000 2.25 0.900 1.40 1.12 1.40 1.900
15.00 1.300 2.050 1.700 1.180 1.050 1.000 2.50 0.880 1.50 1.10 1.50 1.880
16.00 1.260 2.000 1.650 1.150 1.030 1.000 2.75 0.860 1.75 1.07 1.75 1.750
18.00 1.220 1.950 1.600 1.120 1.010 1.000 3.00 0.840 2.00 1.05 2.00 1.670
20.00 1.180 1.900 1.550 1.100 1.000 1.000 4.00 0.820 2.50 1.01 2.50 1.500
22.00 1.140 1.850 1.500 1.050 0.970 0.970 5.00 0.800 3.00 1.00 3.00 1.350
24.00 1.100 1.800 1.450 1.010 0.940 0.940 6.00 0.780 4.00 0.95 3.50 1.330
26.00 1.060 1.750 1.400 1.000 0.910 0.910 7.00 0.760 5.00 0.92 4.00 1.250
28.00 1.030 1.700 1.350 0.960 0.880 0.880 8.00 0.740 6.00 0.90 4.50 1.200
30.00 1.000 1.650 1.300 0.930 0.860 0.860 9.00 0.720 10.00 0.85 5.00 1.100
406
104
LAND FACTOR TABLES continued
00=Standard
34.00 0.990 1.600 1.250 0.925 0.850 0.850 10.00 0.700 XXX XXX 6.00 1.070
38.00 0.990 1.560 1.220 0.920 0.845 0.845 XXX XXX XXX XXX 7.00 1.050
42.00 0.980 1.520 1.190 0.915 0.840 0.840 XXX XXX XXX XXX 8.00 1.040
46.00 0.980 1.480 1.160 0.910 0.837 0.837 XXX XXX XXX XXX 10.00 1.020
50.00 0.970 1.440 1.140 0.905 0.833 0.833 XXX XXX XXX XXX 11.00 1.010
58.00 0.970 1.400 1.120 0.900 0.831 0.831 XXX XXX XXX XXX 12.00 1.000
64.00 0.960 1.360 1.110 0.895 0.825 0.825 XXX XXX XXX XXX 15.00 0.990
72.00 0.960 1.330 1.100 0.890 0.822 0.822 XXX XXX XXX XXX 20.00 0.950
80.00 0.950 1.300 1.090 0.880 0.815 0.820 XXX XXX XXX XXX 25.00 0.920
88.00 0.950 1.270 1.080 0.880 0.815 0.815 XXX XXX XXX XXX 26.00 0.900
96.00 0.940 1.240 1.070 0.875 0.813 0.813 XXX XXX XXX XXX 50.00 0.880
104.0 0.940 1.210 1.060 0.870 0.805 0.805 XXX XXX XXX XXX 75.00 0.870
112.0 0.930 1.180 1.050 0.865 0.803 0.803 XXX XXX XXX XXX 100.0 0.850
120.0 0.930 1.160 1.040 0.860 0.800 0.800 XXX XXX XXX XXX 125.0 0.800
130.0 0.920 1.140 1.030 0.855 0.795 0.795 XXX XXX XXX XXX 150.0 0.750
140.0 0.920 1.120 1.020 0.850 0.793 0.793 XXX XXX XXX XXX 200.0 0.700
150.0 0.910 1.110 1.010 0.845 0.790 0.790 XXX XXX XXX XXX 300.0 0.600
160.0 0.910 1.110 1.000 0.840 0.788 0.788 XXX XXX XXX XXX 400.0 0.520
170.0 0.900 1.090 0.990 0.835 0.785 0.785 XXX XXX XXX XXX 500.0 0.500
180.0 0.900 1.080 0.980 0.830 0.783 0.783 XXX XXX XXX XXX XXX XXX
190.0 0.890 1.070 0.970 0.825 0.781 0.781 XXX XXX XXX XXX XXX XXX
200.0 0.890 1.060 0.960 0.820 0.777 0.777 XXX XXX XXX XXX XXX XXX
220.0 0.880 1.050 0.950 0.812 0.770 0.770 XXX XXX XXX XXX XXX XXX
240.0 0.880 1.040 0.940 0.810 0.765 0.765 XXX XXX XXX XXX XXX XXX
260.0 0.870 1.030 0.930 0.805 0.760 0.760 XXX XXX XXX XXX XXX XXX
280.0 0.870 1.020 0.920 0.800 0.755 0.755 XXX XXX XXX XXX XXX XXX
300.0 0.860 1.010 0.910 0.795 0.750 0.750 XXX XXX XXX XXX XXX XXX
325.0 0.850 1.000 0.900 0.790 0.745 0.745 XXX XXX XXX XXX XXX XXX
350.0 0.840 0.990 0.890 0.785 0.740 0.740 XXX XXX XXX XXX XXX XXX
375.0 0.830 0.980 0.880 0.780 0.735 0.735 XXX XXX XXX XXX XXX XXX
400.0 0.820 0.970 0.870 0.775 0.730 0.730 XXX XXX XXX XXX XXX XXX
450.0 0.810 0.960 0.860 0.770 0.725 0.725 XXX XXX XXX XXX XXX XXX
500.0 0.800 0.950 0.850 0.760 0.720 0.720 XXX XXX XXX XXX XXX XXX
600.0 0.780 0.940 0.840 0.740 0.715 0.715 XXX XXX XXX XXX XXX XXX
700.0 0.760 0.930 0.830 0.730 0.710 0.710 XXX XXX XXX XXX XXX XXX
800.0 0.740 0.920 0.820 0.720 0.700 0.700 XXX XXX XXX XXX XXX XXX
407
105
DEPTH FACTOR TABLES DESCRIPTION
TABLE TYPE Land Class
Standard Average 1, 2, 3
1 Commercial/Industrial 71, 72, 73, 81, 82, 83
FRONTAGE FACTOR TABLES DESCRIPTION
TABLE TYPE Land Class
Standard Average 1, 2, 3
1 Commercial/Industrial 71, 72, 73, 81, 82, 83
408
106
DEPTH FACTOR TABLES
AVERAGE
STANDARD
COMMERCIAL
TABLE 1
DEPTH FACTOR DEPTH FACTOR
5 0.08 5 0.15
10 0.15 10 0.25
15 0.22 15 0.35
20 0.28 20 0.43
25 0.34 25 0.50
30 0.39 30 0.55
35 0.43 35 0.60
40 0.48 40 0.65
45 0.52 45 0.69
50 0.56 50 0.73
55 0.59 55 0.77
60 0.62 60 0.80
65 0.65 65 0.83
70 0.68 70 0.86
75 0.70 75 0.89
80 0.72 80 0.91
85 0.75 85 0.94
90 0.78 90 0.96
95 0.80 95 0.98
100 0.82 100 1.00
110 0.86 110 1.03
120 0.90 120 1.06
130 0.94 130 1.09
140 0.97 140 1.12
150 1.00 150 1.14
160 1.03 160 1.16
170 1.06 170 1.18
180 1.08 180 1.19
190 1.10 190 1.20
200 1.11 200 1.21
220 1.12 220 1.22
240 1.13 240 1.23
260 1.14 260 1.24
280 1.15 280 1.25
300 1.16 300 1.26
320 1.17 320 1.27
340 1.18 340 1.28
360 1.19 360 1.29
380 1.20 380 1.30
400 1.21 400 1.31
500 1.23 450 1.32
600 1.24 500 1.33
700 1.25 600 1.34
800 1.26
900 1.27
1000 1.28
409
107
FRONTAGE FACTOR TABLES
AVERAGE
STANDARD
COMMERCIAL
TABLE 1
FRTG FACTOR FRTG FACTOR
1 1.000 1 1.000
100 1.000 100 1.000
999 1.000 999 1.000
410
108
PARCEL SIZING: COMMERCIAL AND INDUSTRIAL PROPERTIES
Commercial and industrial properties, to operate efficiently and profitably, must have a
certain amount of land. Minimum and/or maximum land amount to building size ratios to operate efficiently have been developed. Applying the ratio to a parcel of land is parcel
sizing. For example, a shopping center needs a certain amount of open space for
customer parking, employee parking, vendor parking, etc., in addition to land for the
building. The total land area needed is calculated by multiplying the building size/square footage by the industry standard ratio. The industry standard ratio for shopping centers is
7 to I or for one square foot of building area there should be 7 square feet of land. Thus a
50,000 square foot building should have 350,000 square feet of land area or 8.03 acres.
Generally, parcel sizing should be used to help the appraiser arrive at a "land" value for
a parcel more relative of its "true" market value. If the above shopping center had only 5
acres of land it would have less than its optimum size, 8 acres. Thus, the entire 5 acres
is "primary" to its use. If the shopping center had 15 acres, it would have 8 acres of
"primary" land and 7 acres excess that could be considered as both "secondary" and
"residual".
In most cases the "secondary" land rate is approximately 53.2% of the "primary-rate and
the "excess" rate is approximately 26.8% of the "primary" rate. For instance, a parcel
with a "primary" rate of $10,000 per acre would have a rate of $5,300 per acre for the
"secondary" acreage and the "excess" acreage would have a rate of $2700 per acre. The ratio of secondary to residual will typically be 1:1, however, the appraiser must judge
each case on its own merit. The appraiser must always apply “common sense” to any
value estimate. There is little point in dividing a lot/tract of one acre into 3 sections.
LAND TO BUILDING SIZE RATIO
RATIO TYPE OF BUILDING
1 1/2 - 2 : 1 Industrial-Warehouse
3 : 1 Industrial-Manufacturing
5 - 6 : 1 General Retail
5 : 1 Retail office
2 - 4 : 1 Office - Services
7 : 1 Shopping Center
411
109
CALCULATING THE PRIMARY AREA
Appraising by Square Foot Method:
Multiply the total square feet of the building, including appendages, by the ratio for that
particular type of structure.
Example: An industrial-manufacturing facility with a total of 93,500 square feet for
buildings and appendages and 350,000 square feet of land would be computed as
follows:
1. Determine what ratio to use. The ratio for industrial-manufacturing is 3:1.
2. Multiply the square footage of building and appendages by the ratio to ascertain size
of the primary area. 93,500 x 3 = 280,500
3. Subtract primary square footage from total land square footage to determine
secondary and residual area. 350,000 - 280,500 = 69,500
4. Multiply excess square footage by .50 to split into secondary and residual area.
69,500 x .50 = 34,750
5. Apply the land rate to each of the areas to determine total value of land.
Appraising by Acreage Method:
Multiply the total square feet of the building, including appendages, by the ratio for that
particular type of structure and divide by 43,560.
Example: An industrial-manufacturing facility with a total of 93,500 square feet for
buildings and appendages and 18.03 acres of land would be computed as follows:
1. Determine what ratio to use. The ratio for industrial- manufacturing is 3:1.
2. Multiply the square footage of building and appendages by the ratio to ascertain size
of the primary area. Convert the total square footage into acres by dividing by
43,560.
93,500 x 3 = 280,500 280,500 / 43,560 = 6.43 acres 3. Subtract primary acreage from total land acreage to determine secondary and residual area. 18.03 - 6.43 = 11.60
4. Multiply excess acreage by .50 to split into secondary and residual area. 11.60 x .50
= 5.80
5. Apply the land rate to each of the areas to determine total value of land.
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110
PRESENT (LAND)
USE-VALUE SCHEDULE
413
111
2013 PRESENT (LAND) USE-VALUE SCHEDULE
NORTH CAROLINA USE-VALUE ADVISORY BOARD
NORTH CAROLINA DEPARTMENT OF REVENUE
AGRICULTURE
CLASS I CLASS II CLASS III
MLRA 136 $865 $590 $385
Note: All Class IV or Non-Productive Land will be appraised at $40.00 per
acre.
HORTICULTURE
CLASS I CLASS II CLASS III
MLRA 136 $1250 $810 $560
Note: All Class IV or Non-Productive Land will be appraised at $40.00 per
acre.
FORESTRY
CLASS I CLASSII CLASS III CLASS IV CLASS V
MLRA 136 $415 $270 $230 $130 $105
Note: All Class VI or Non-Productive Land will be appraised at $40.00 per
acre.
414
112
RESIDENTIAL SPECIFICATIONS
415
113
CLASS SPECIFICATIONS
MANSION - SPECIAL DWELLINGS
Dwellings generally have an outstanding architectural style and design constructed with
the finest quality materials and workmanship throughout; superior quality interior finish
with extensive built-in features; deluxe heating system and high grade lighting and
plumbing fixtures. Architect designed and supervised homes generally fall into this grade
classification with mansion and special type homes.
FOUNDATION - 10" To 12" masonry walls, waterproofed; heavy concrete footings, drain
tile.
EXTERIOR WALLS - Shake shingles, 3/4"to 1" beveled wood siding, stucco and lath, or high quality aluminum siding, face brick or native stone; 1" D&M or 3/4" to 1" plywood
sheathing; 1" & ¾” wood doors and windows, weather-stripped; 3 coats oil painting.
GROUND SLAB - 4" to 6" concrete on gravel base.
STRUCTURAL FLOORS - 1" D&M or 5/8" to 3/4" plywood sub-floor on 2"x12" wood
joists 12" to 16" O.C. steel beams and column supports.
ROOF - Multi-gable, hipped or gambrel design with stained wood, slate tile or heavy
asphalt shingles, 1" D&M or 5/8" to 3/4" plywood sheathing, 2"x8" to 2"x 10” wood rafters
or 2"x6" to 2"x8” wood trussed 16" O.C.; insulation; high grade boxed cornice, copper
flashing, gutters and conductors.
INTERIOR FINISH - Select hardwood flooring or equally high quality carpeting with vinyl or tiled kitchen; lath and three coats plaster or laminated dry wall finish in ornamental
decor with high grade wall covering; hardwood trim and cabinets with high quality finish; ceramic tiled bathroom, Formica vanity tops.
ELECTRIC - Ample service, wiring in conduit pipe, abundant outlets and high grade
fixtures throughout.
*HEATING - Central forced warm air, steam, vapor, hot water or radiant (or equal)
automatic fired system with zoned thermostatic controls.
*PLUMBING - High grade vitreous fixtures, copper piping, kitchen sink, water heater, and
laundry tubs.
*In modern homes today plumbing and heating are standard features, but due to the
wide variety of types used, it is necessary to add for each at a rate representative of its
value.
416
114
CLASS SPECIFICATIONS
CLASS A - DWELLING
Dwellings having quality architectural style and design are characterized by the high quality of workmanship, finishes, and appointments with considerable attention given to
detail.
Although residences at this quality level are inclusive of high quality material and
workmanship, and are somewhat unique in their design, these costs do not represent the
highest cost in residential construction.
FOUNDATION - 10" average masonry walls, waterproofed; concrete footings, drain tile.
EXTERIOR WALLS - Fenestration is well designed with high quality sash. Custom
ornamentation and trim is used. Best brick, cut stone, half-timber, etc.
GROUND SLAB - 4" to 6" concrete on gravel base.
STRUCTURAL FLOORS - 1" D&M or 5/8" to 3/4" plywood sub-floor on 2"x12" wood
joists 12" to 16" O.C. steel beams and column supports.
ROOF - Heavy wood rafters and sheathing. Clay tile, heavy asphalt shingles or slate cover. Roof slope averages 6 in 12. Large eaves with high quality gutters and downspouts..
INTERIOR FINISH - High quality carpet or hardwood, parquet or plank, terrazzo, or best
vinyl sheet or ceramic or quarry tile floor coverings are used. Walls are taped and
painted dry wall with high grade paper or vinyl wall covering, hardwood paneling or
ceramic tiles. Kitchen and baths have enamel painted walls and ceilings. High quality
Pullman or vanity cabinets in bath and laminated plastic counter tops and splash.
Spacious walk-in closets or wardrobes with built-in features. Large linen storage closets
and pantry are fully shelved.
ELECTRIC - Many well positioned outlets. High quality fixtures throughout. Large
luminous fixtures in kitchen, bath, and dressing areas
*HEATING - Central forced warm air, steam, vapor, hot water or radiant (or equal)
automatic fired system with zoned thermostatic controls.
*PLUMBING - High grade fixtures, copper piping, kitchen sink, water heater, and laundry
tubs.
*In modern homes today plumbing and heating are standard features, but due to the
wide variety of types used, it is necessary to add for each at a rate representative of its
value... .
417
115
CLASS SPECIFICATIONS
CLASS B - DWELLING
Architecturally attractive dwellings constructed with good quality materials and
workmanship throughout; high quality interior finish with abundant built-in features;
custom heating system and very good lighting and plumbing fixtures. Custom -built
homes generally fall into this grade classification.
FOUNDATION - 8" to 10" concrete block (or equal) walls, concrete footings, and drain
tile.
EXTERIOR WALLS - 5/8" beveled wood, stucco, wood shingles, or siding, face brick or
stone veneer; 1" D&M of 1/2" plywood or 25/32" insulation board sheathing; 2"x4" wood
studs 16" O.C. ; batt insulation; 1-3/4" wood doors and 1-3/8" double hung or casement
windows; two coats oil paint.
GROUND SLAB - 4" concrete on gravel base.
STRUCTURAL FLOORS - 5/8" plywood (or equal) sub-floor on 2"x10" wood joists 16"
O.C. laminated or steel beams and pipe column supports.
ROOF - Gable, hipped or gambrel type; wood, heavy asphalt, slate, or asbestos
shingles; 1" D&M or 5/8" plywood sheathing, 2"x6" rafters 16" O.C.; insulation; plain
cornice, and galvanized flashing, gutters and conductors.
INTERIOR FINISH - 1" select oak, sanded and varnished flooring or good quality
carpeting and kitchen tiling; metal lath and plaster or 5/8" dry wall finish with paint or
good grade wall covering; hardwood or good quality kitchen cabinets; tiled bathrooms,
with Formica vanity top.
ELECTRIC - Ample service, BX or non-metallic cable wiring, abundant outlets and good
grade fixtures throughout.
*HEATING - Central forced warm air, steam, vapor, hot water or radiant (or equal)
automatic fired system with zoned thermostatic controls.
*PLUMBING - Good grade fixtures, copper piping, kitchen sink, water heater, and
laundry tubs.
*In modern homes today plumbing and heating are standard features, but due to the
wide variety of types used, it is necessary to add for each at a rate representative of its
value.
418
116
CLASS SPECIFICATIONS
CLASS C - DWELLING
Moderately attractive dwellings constructed with average quality materials and
workmanship throughout; minimal to moderate architectural treatment; average quality
interior finish with adequate built-in features; minimal code, standard grade mechanical
features and fixtures. Typical modern day subdivision homes where in a limited number
of pre-designed models and feature options are offered by the developer, as well as
multi-family residential complexes, generally fall into this grade of classification.
FOUNDATION - 8" to 10" concrete block (or equal) walls, concrete footings, and drain
tile.
EXTERIOR WALLS - 5/8" beveled wood, stucco, wood shingles, composition board, or
standard grade aluminum or vinyl siding, face brick or split rock veneer; 1" D&M of 1/2"
plywood or 25/32" insulation board sheathing; 2"x4" wood studs 16" O.C.; batt insulation;
1-3/4" wood doors and 1-3/8" double hung or casement windows; two coats oil paint.
GROUND SLAB - 4" concrete on gravel base.
STRUCTURAL FLOORS - 1" wood subfloor or 1/2" plywood (or equal) subfloor on 2"x8"
wood joists 16" O.C. laminated or steel beams and pipe column supports.
ROOF - Gable, hipped or gambrel type; asphalt or asbestos shingles; 1" wood or 1/2"
plywood sheathing, 2"x6" rafters or trusses 24" O.C.; plain cornice, and galvanized metal
flashing, gutters and conductors.
INTERIOR FINISH - Average quality carpeting (or comparable wood flooring) and
kitchen tiling; rock lath and plaster or 1/2" dry wall finish with paint or standard grade wall
covering; pine doors and trim throughout and average quality cabinets and built-ins.
ELECTRIC - Standard service, non-metallic cable wiring, adequate outlets and average
grade fixtures throughout.
*HEATING - Central forced warm air, steam, vapor, hot water or radiant (or equal)
automatic fired system with zoned thermostatic controls.
*PLUMBING - Average grade fixtures, copper piping, kitchen sink,
water heater, and laundry tubs.
*In modern homes today plumbing and heating are standard features, but due to the
wide variety of types used, it is necessary to add for each at a rate representative of its
value.’'
419
117
CLASS SPECIFICATIONS
CLASS D - DWELLING
Dwellings constructed with economy quality materials and fair workmanship throughout;
void of architectural treatment; cheap quality interior finish with minimal built-in features;
minimum code, standard grade mechanical features and fixtures. Typical low-cost tract-
type housing characterized by homogeneous styling and designed to meet minimal
building codes generally fall into this grade of classification.
FOUNDATION - 8" concrete block walls, concrete footings.
EXTERIOR WALLS - 1/2" beveled or comparable wood, asbestos, aluminum or vinyl
siding, 4" brick veneer; 1/2" insulation board; 2"x4" wood studs 16" O.C.; 1-3/8" wood
doors and double hung sash (or equal) windows; two coats exterior paint.
GROUND SLAB - 3" to 4" concrete on compact earth.
STRUCTURAL FLOORS - 2”x8” wood joists 16” O.C.” wood beam girder and column
supports. Attic floor and stairs not included in base price.
ROOF - Gable type; asphalt shingles; 3/8" plywood sheathing, 2"x4" rafters 24" O.C.;
wood cornice, and galvanized metal flashing, gutters and conductors.
INTERIOR FINISH - 1" D&M softwood, tile, or comparable flooring; 3/8” dry wall finish; pine doors and trim throughout; low cost kitchen cabinets.
ELECTRIC - Minimum service, non-metallic cable wiring, scarcity of outlets and low cost
fixtures throughout.
*HEATING - Central forced warm air system (or equal)
*PLUMBING - Low costs fixtures, sink, water heater, galvanized iron piping, kitchen
*In modern homes today plumbing and heating are standard features, but due to the
wide variety of types used, it is necessary to add for each at a rate representative of its
value.
420
118
CLASS SPECIFICATIONS
CLASS E - DWELLING
Dwellings constructed with very cheap grade of materials, usually “culls" and "seconds"
and very poor quality workmanship resulting from unskilled, inexperienced, "do-it-
yourself" type of labor. Minimal code, low grade mechanical features and fixtures.
FOUNDATION - 8" concrete block walls or piers, concrete footings
EXTERIOR WALLS - Drop siding or beveled wood siding without sheathing, or asphalt
siding or composition roll siding on 1/2" insulation board; 2"x4" wood studs 24" O.C.; 1-
3/8" wood doors and double hung sash (or equal) windows; painted exterior.
GROUND SLAB - 2" to 3” concrete on compact earth
STRUCTURAL FLOORS - 2"x6" wood joists 16" O-C to 2"x8" wood joists 20" O.C., wood beam and column supports.
ROOF - Low gable or shed type; roll roofing or cheap asphalt shingles or metal; plywood
sheathing; 2"x4" rafters 24" O.C., no cornice, gutters or conductors.
INTERIOR FINISH - Softwood or asphalt tile flooring; painted plaster board finish; cheap pine doors and trim throughout, cheap kitchen cabinets.
ELECTRIC - Poor service, non-metallic cable wiring, scant outlets and cheap fixtures throughout.
*HEATING - Warm air system (or equal).
*PLUMBING - Cheap fixtures, poor quality piping, kitchen sink, water heater.
*In modern homes today plumbing and heating are standard features, but due to the
wide variety of types used, it is necessary to add for each at a rate representative of its
value.
421
119
STRUCTURE CLASS (SCLS) SCHEDULES
422
120
STRUCTURE CLASS: 1-SINGLE FAMILY
GRADE- A GRADE- B GRADE- C GRADE- D GRADE- E
AREA RATE AREA RATE AREA RATE AREA RATE AREA RATE
800 122.61 800 99.72 800 81.74 800 67.03 800 40.87
1000 117.58 1000 95.63 1000 78.39 1000 64.28 1000 39.19
1200 113.59 1200 92.38 1200 75.72 1200 62.09 1200 37.86
1500 108.93 1500 88.59 1500 72.62 1500 59.55 1500 36.31
1800 105.22 1800 85.58 1800 70.15 1800 57.52 1800 35.07
2100 102.17 2100 83.10 2100 68.12 2100 55.85 2100 34.06
2600 98.19 2600 79.86 2600 65.46 2600 53.68 2600 32.73
4000 93.97 4000 76.43 4000 62.64 4000 51.37 4000 31.32
FIREPLACE RATES:
6000.00 4880.00 4000.00 3280.00 2000.00
CHIMNEY RATES:
2100.00 1708.00 1400.00 1148.00 700.00
FULL BATHRATES:
6000 4880 4000 3280 2000
HALF BATHRATES:
3900 3172 2600 2132 1300
FIXTURE RATES:
1980 1610 1320 1082 660
BASE RATE PERCENTAGE ADJUSTMENT TO GET UNF-BSMT RATE: 27
BASE RATE PERCENTAGE ADJUSTMENT TO GET S/F-BSMT RATE: 40
BASE RATE PERCENTAGE ADJUSTMENT TO GET FIN-BSMT RATE: 75
BASE RATE PERCENTAGE ADJUSTMENT TO GET FINATTIC RATE: 30
EXTERIOR FINISH RATE ADJUSTMENTS
CODE-ABREV. AMOUNT
1-FRAME 0 2-BRICK 275 3-FR & MAS 175
4-C. BLOCK -15 5-STUCCO 50 6-BD&BATEN 0
7-CEDAR 100 8-SID/SHEA 0 9-METL/GLS 200
10-TILE 100 11-AL/VYN 0 12-ASB/SD -200
13-CMP/SGL -250 14-WD SHG 130 15-LOGS 250
16-PERM/ST 0 17-MASONITE 0 18-CEMBOARD 225
19-BRICK/LC 70 20-BRICK/JB 325
HEAT & AIR COND. RATE ADJUSTMENTS
CODE-ABREV. AMOUNT
1-NONE -250 2-UNITS -200 3-CENTRAL 0
4-HT PUMP 250 5-WINDUNIT 0 6-SOLAR 0
7-FLR/WALL 0 8-ELECT-BB -100 9-CHWATER 200
10-STEAM 200 11-GASPACK 250 12-WOOD -200
13-RADIANT -100 14-HOTWATER 200 15-HOT-AIR 200
16-*BADCODE 0 17-CENT-A/C 250 18-*BADCODE 0
19-*BADCODE 0 21-PREFABFP 75
WALL HEIGHTS: 0 0 0 0 0 0 0 0
FACTORS: 0.000 0.000 0.000 0.000 0.000 0.000 0.000 0.000
STORY HGTS: 1.00 1.25 1.50 1.75 2.00 2.25 2.50 3.00
FACTORS: 1.00 1.00 0.94 0.94 0.94 0.94 0.95 0.95
STRUCTURE CLASS: 2-TWO FAMILY
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121
GRADE- A GRADE- B GRADE- C GRADE- D GRADE- E
AREA RATE AREA RATE AREA RATE AREA RATE AREA RATE
800 122.61 800 99.72 800 81.74 800 67.03 800 40.87
1000 117.58 1000 95.63 1000 78.39 1000 64.28 1000 39.19
1200 113.59 1200 92.38 1200 75.72 1200 62.09 1200 37.86
1500 108.93 1500 88.59 1500 72.62 1500 59.55 1500 36.31
1800 105.22 1800 85.58 1800 70.15 1800 57.52 1800 35.07
2100 102.17 2100 83.10 2100 68.12 2100 55.85 2100 34.06
2600 98.19 2600 79.86 2600 65.46 2600 53.68 2600 32.73
4000 93.97 4000 76.43 4000 62.64 4000 51.37 4000 31.32
FIREPLACE RATES:
6000.00 4880.00 4000.00 3280.00 2000.00
CHIMNEY RATES:
2100.00 1708.00 1400.00 1148.00 700.00
FULL BATHRATES:
6000 4880 4000 3280 2000
HALF BATHRATES:
3900 3172 2600 2132 1300
FIXTURE RATES:
1980 1610 1320 1082 660
BASE RATE PERCENTAGE ADJUSTMENT TO GET UNF-BSMT RATE: 27
BASE RATE PERCENTAGE ADJUSTMENT TO GET S/F-BSMT RATE: 40
BASE RATE PERCENTAGE ADJUSTMENT TO GET FIN-BSMT RATE: 60
BASE RATE PERCENTAGE ADJUSTMENT TO GET FINATTIC RATE: 30
EXTERIOR FINISH RATE ADJUSTMENTS
CODE-ABREV. AMOUNT
1-FRAME 0 2-BRICK 275 3-FR & MAS 175
4-C. BLOCK -15 5-STUCCO 50 6-BD&BATEN 0
7-CEDAR 100 8-SID/SHEA 0 9-METL/GLS 200
10-TILE 100 11-AL/VYN 0 12-ASB/SD -200
13-CMP/SGL -250 14-WD SHG 130 15-LOGS 250
16-PERM/ST 0 17-MASONITE 0 18-CEMBOARD 225
19-BRICK/LC 70 20-BRICK/JB 325
HEAT & AIR COND. RATE ADJUSTMENTS
CODE-ABREV. AMOUNT
1-NONE -250 2-UNITS -200 3-CENTRAL 0
4-HT PUMP 250 5-WINDUNIT 0 6-SOLAR 0
7-FLR/WALL 0 8-ELECT-BB -100 9-CHWATER 200
10-STEAM 200 11-GASPACK 250 12-WOOD -200
13-RADIANT -100 14-HOTWATER 200 15-HOT-AIR 200
16-*BADCODE 0 17-CENT-A/C 250 21-PREFABFP 75
WALL HEIGHTS: 0 0 0 0 0 0 0 0
FACTORS: 0.000 0.000 0.000 0.000 0.000 0.000 0.000 0.000
STORY HGTS: 1.00 1.25 1.50 1.75 2.00 2.25 2.50 3.00
FACTORS: 1.00 1.00 0.94 0.94 0.94 0.94 0.95 0.95
STRUCTURE CLASS: 3-MULTI FAMILY
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122
GRADE- A GRADE- B GRADE- C GRADE- D GRADE- E
AREA RATE AREA RATE AREA RATE AREA RATE AREA RATE
800 122.61 800 99.72 800 81.74 800 67.03 800 40.87
1000 117.58 1000 95.63 1000 78.39 1000 64.28 1000 39.19
1200 113.59 1200 92.38 1200 75.72 1200 62.09 1200 37.86
1500 108.93 1500 88.59 1500 72.62 1500 59.55 1500 36.31
1800 105.22 1800 85.58 1800 70.15 1800 57.52 1800 35.07
2100 102.17 2100 83.10 2100 68.12 2100 55.85 2100 34.06
2600 98.19 2600 79.86 2600 65.46 2600 53.68 2600 32.73
4000 93.97 4000 76.43 4000 62.64 4000 51.37 4000 31.32
FIREPLACE RATES:
6000.00 4880.00 4000.00 3280.00 2000.00
CHIMNEY RATES:
2100.00 1708.00 1400.00 1148.00 700.00
FULL BATHRATES:
6000 4880 4000 3280 2000
HALF BATHRATES:
3900 3172 2600 2132 1300
FIXTURE RATES:
1980 1610 1320 1082 660
BASE RATE PERCENTAGE ADJUSTMENT TO GET UNF-BSMT RATE: 27
BASE RATE PERCENTAGE ADJUSTMENT TO GET S/F-BSMT RATE: 40
BASE RATE PERCENTAGE ADJUSTMENT TO GET FIN-BSMT RATE: 60
BASE RATE PERCENTAGE ADJUSTMENT TO GET FINATTIC RATE: 30
EXTERIOR FINISH RATE ADJUSTMENTS
CODE-ABREV. AMOUNT
1-FRAME 0 2-BRICK 275 3-FR & MAS 175
4-C. BLOCK -15 5-STUCCO 50 6-BD&BATEN 0
7-CEDAR 100 8-SID/SHEA 0 9-METL/GLS 200
10-TILE 100 11-AL/VYN 0 12-ASB/SD -200
13-CMP/SGL -250 14-WD SHG 130 15-LOGS 250
16-PERM/ST 0 17-MASONITE 0 18-CEMBOARD 225
19-BRICK/LC 70 20-BRICK/JB 325
HEAT & AIR COND. RATE ADJUSTMENTS
CODE-ABREV. AMOUNT
1-NONE -250 2-UNITS -200 3-CENTRAL 0
4-HT PUMP 250 5-WINDUNIT 0 6-SOLAR 0
7-FLR/WALL 0 8-ELECT-BB -100 9-CHWATER 200
10-STEAM 200 11-GASPACK 250 12-WOOD -200
13-RADIANT -100 14-HOTWATER 200 15-HOT-AIR 200
16-*BADCODE 0 17-CENT-A/C 250 21-PREFABFP 75
WALL HEIGHTS: 0 0 0 0 0 0 0 0
FACTORS: 0.000 0.000 0.000 0.000 0.000 0.000 0.000 0.000
STORY HGTS: 1.00 1.25 1.50 1.75 2.00 2.25 2.50 3.00
FACTORS: 1.00 1.00 0.94 0.94 0.94 0.94 0.95 0.95
425
123
STRUCTURE CLASS: 4-TOWNHOME
GRADE- A GRADE- B GRADE- C GRADE- D GRADE- E
AREA RATE AREA RATE AREA RATE AREA RATE AREA RATE
400 151.73 400 123.40 400 101.15 400 82.94 400 50.58
1000 102.30 1000 83.20 1000 68.20 1000 55.92 1000 34.10
1500 91.31 1500 74.26 1500 60.87 1500 49.91 1500 30.44
2000 85.83 2000 69.81 2000 57.22 2000 46.92 2000 28.61
2500 82.53 2500 67.12 2500 55.02 2500 45.12 2500 27.51
3000 80.34 3000 65.34 3000 53.56 3000 43.92 3000 26.78
3500 78.77 3500 64.06 3500 52.51 3500 43.06 3500 26.26
4000 77.60 4000 63.11 4000 51.73 4000 42.42 4000 25.87
FIREPLACE RATES:
6000.00 4880.00 4000.00 3280.00 2000.00
FULL BATHRATES:
6000 4880 4000 3280 2000
HALF BATHRATES:
3900 3172 2600 2132 1300
FIXTURE RATES:
1980 1610 1320 1082 660
BASE RATE PERCENTAGE ADJUSTMENT TO GET UNF-BSMT RATE: 27
BASE RATE PERCENTAGE ADJUSTMENT TO GET S/F-BSMT RATE: 40
BASE RATE PERCENTAGE ADJUSTMENT TO GET FIN-BSMT RATE: 75
BASE RATE PERCENTAGE ADJUSTMENT TO GET FINATTIC RATE: 30
EXTERIOR FINISH RATE ADJUSTMENTS
CODE-ABREV. AMOUNT
1-FRAME 0 2-BRICK 275 3-FR & MAS 175
4-C. BLOCK -15 5-STUCCO 50 6-BD&BATEN 0
7-CEDAR 100 8-SID/SHEA 0 9-METL/GLS 200
10-TILE 100 11-AL/VYN 0 12-ASB/SD -200
13-CMP/SGL -250 14-WD SHG 130 15-LOGS 250
16-PERM/ST 0 17-MASONITE 0 18-CEMBOARD 225
19-BRICK/LC 70 20-BRICK/JB 325
HEAT & AIR COND. RATE ADJUSTMENTS
CODE-ABREV. AMOUNT
1-NONE -200 2-UNITS -200 3-CENTRAL 0
4-HT PUMP 300 5-WINDUNIT 0 6-SOLAR 0
7-FLR/WALL 0 8-ELECT-BB -150 9-CHWATER 200
10-STEAM 200 11-GASPACK 300 12-WOOD -200
13-RADIANT -150 14-HOTWATER 200 15-HOT-AIR 275
16-*BADCODE 0 17-CENT-A/C 300 21-PREFABFP 75
WALL HEIGHTS: 0 0 0 0 0 0 0 0
FACTORS: 0.000 0.000 0.000 0.000 0.000 0.000 0.000 0.000
STORY HGTS: 1.00 1.25 1.50 1.75 2.00 2.25 2.50 3.00
FACTORS: 1.00 1.00 0.94 0.94 0.94 0.94 0.95 0.95
426
124
STRUCTURE CLASS: 5-GARDEN APARTMENT
GRADE- A GRADE- B GRADE- C GRADE- D GRADE- E
AREA RATE AREA RATE AREA RATE AREA RATE AREA RATE
1000 115.11 1000 93.62 1000 76.74 1000 62.93 1000 38.37
1500 109.98 1500 89.45 1500 73.32 1500 60.12 1500 36.66
2000 106.29 2000 86.45 2000 70.86 2000 58.11 2000 35.43
2500 103.49 2500 84.17 2500 68.99 2500 56.57 2500 34.50
3000 101.03 3000 82.17 3000 67.35 3000 55.23 3000 33.68
3500 97.53 3500 79.32 3500 65.02 3500 53.32 3500 32.51
6000 92.28 6000 75.05 6000 61.52 6000 50.45 6000 30.76
8500 85.56 8500 69.59 8500 57.04 8500 46.77 8500 28.52
FIREPLACE RATES:
6000.00 4880.00 4000.00 3280.00 2000.00
CHIMNEY RATES:
2100.00 1708.00 1400.00 1148.00 700.00
FULL BATHRATES:
6000 4880 4000 3280 2000
HALF BATHRATES:
3900 3172 2600 2132 1300
FIXTURE RATES:
1980 1610 1320 1082 660
BASE RATE PERCENTAGE ADJUSTMENT TO GET UNF-BSMT RATE: 27
BASE RATE PERCENTAGE ADJUSTMENT TO GET S/F-BSMT RATE: 40
BASE RATE PERCENTAGE ADJUSTMENT TO GET FIN-BSMT RATE: 60
BASE RATE PERCENTAGE ADJUSTMENT TO GET FINATTIC RATE: 30
EXTERIOR FINISH RATE ADJUSTMENTS
CODE-ABREV. AMOUNT
1-FRAME 0 2-BRICK 275 3-FR & MAS 175
4-C. BLOCK -15 5-STUCCO 50 6-BD&BATEN 0
7-CEDAR 100 8-SID/SHEA 0 9-METL/GLS 200
10-TILE 100 11-AL/VYN 0 12-ASB/SD -200
13-CMP/SGL -250 14-WD SHG 130 15-LOGS 250
16-PERM/ST 0 17-MASONITE 0 18-CEMBOARD 225
19-BRICK/LC 70 20-BRICK/JB 325
HEAT & AIR COND. RATE ADJUSTMENTS
CODE-ABREV. AMOUNT
1-NONE -200 2-UNITS -200 3-CENTRAL 0
4-HT PUMP 300 5-WINDUNIT 0 6-SOLAR 0
7-FLR/WALL 0 8-ELECT-BB -150 9-CHWATER 200
10-STEAM 200 11-GASPACK 300 12-WOOD -200
13-RADIANT -150 14-HOTWATER 200 15-HOT-AIR 275
16-*BADCODE 0 17-CENT-A/C 300 21-PREFABFP 75
WALL HEIGHTS: 7 8 9 10 11 12 13 14
FACTORS: 0.992 0.947 0.973 1.000 1.027 1.055 1.084 1.114
STORY HGTS: 1.00 2.00 3.00 4.00 5.00 6.00 7.00 0.00
FACTORS: 1.00 0.95 0.95 0.98 1.00 1.03 1.04 0.00
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STRUCTURE CLASS: 6-WALKUP APARTMENT
GRADE- A GRADE- B GRADE- C GRADE- D GRADE- E
AREA RATE AREA RATE AREA RATE AREA RATE AREA RATE
2000 89.70 2000 72.96 2000 59.80 2000 49.04 2000 29.90
4000 77.60 4000 63.11 4000 51.73 4000 42.42 4000 25.87
6000 74.85 6000 60.88 6000 49.90 6000 40.92 6000 24.95
8000 73.47 8000 59.76 8000 48.98 8000 40.16 8000 24.49
10000 72.65 10000 59.08 10000 48.43 10000 39.71 10000 24.22
12000 72.11 12000 58.65 12000 48.07 12000 39.42 12000 24.04
14000 71.72 14000 58.33 14000 47.81 14000 39.20 14000 23.91
16000 71.42 16000 58.08 16000 47.61 16000 39.04 16000 23.81
FIREPLACE RATES:
6000.00 4880.00 4000.00 3280.00 2000.00
CHIMNEY RATES:
2100.00 1708.00 1400.00 1148.00 700.00
FULL BATHRATES:
6000 4880 4000 3280 2000
HALF BATHRATES:
3900 3172 2600 2132 1300
FIXTURE RATES:
1980 1610 1320 1082 660
BASE RATE PERCENTAGE ADJUSTMENT TO GET UNF-BSMT RATE: 27
BASE RATE PERCENTAGE ADJUSTMENT TO GET S/F-BSMT RATE: 40
BASE RATE PERCENTAGE ADJUSTMENT TO GET FIN-BSMT RATE: 60
BASE RATE PERCENTAGE ADJUSTMENT TO GET FINATTIC RATE: 30
EXTERIOR FINISH RATE ADJUSTMENTS
CODE-ABREV. AMOUNT
1-FRAME 0 2-BRICK 275 3-FR & MAS 175
4-C. BLOCK -15 5-STUCCO 50 6-BD&BATEN 0
7-CEDAR 100 8-SID/SHEA 0 9-METL/GLS 200
10-TILE 100 11-AL/VYN 0 12-ASB/SD -200
13-CMP/SGL -250 14-WD SHG 130 15-LOGS 250
16-PERM/ST 0 17-MASONITE 0 18-CEMBOARD 225
19-BRICK/LC 70 20-BRICK/JB 325
HEAT & AIR COND. RATE ADJUSTMENTS
CODE-ABREV. AMOUNT
1-NONE -200 2-UNITS -200 3-CENTRAL 0
4-HT PUMP 300 5-WINDUNIT 0 6-SOLAR 0
7-FLR/WALL 0 8-ELECT-BB -150 9-CHWATER 200
10-STEAM 200 11-GASPACK 300 12-WOOD -200
13-RADIANT -150 14-HOTWATER 200 15-HOT-AIR 275
16-*BADCODE 0 17-CENT-A/C 300 21-PREFABFP 75
WALL HEIGHTS: 7 8 9 10 11 12 13 14
FACTORS: 0.922 0.947 0.973 1.000 1.027 1.055 1.084 1.114
STORY HGTS: 1.00 2.00 3.00 4.00 5.00 6.00 7.00 0.00
FACTORS: 1.00 0.95 0.95 0.98 1.00 1.03 1.04 0.00
428
126
STRUCTURE CLASS: 7-MODULAR HOME
GRADE- A GRADE- B GRADE- C GRADE- D GRADE- E
AREA RATE AREA RATE AREA RATE AREA RATE AREA RATE
800 122.61 800 99.72 800 81.74 800 67.03 800 40.87
1000 117.58 1000 95.63 1000 78.39 1000 64.28 1000 39.19
1200 113.59 1200 92.38 1200 75.72 1200 62.09 1200 37.86
1500 108.93 1500 88.59 1500 72.62 1500 59.55 1500 36.31
1800 105.22 1800 85.58 1800 70.15 1800 57.52 1800 35.07
2100 102.17 2100 83.10 2100 68.12 2100 55.85 2100 34.06
2600 98.19 2600 79.86 2600 65.46 2600 53.68 2600 32.73
4000 93.97 4000 76.43 4000 62.64 4000 51.37 4000 31.32
FIREPLACE RATES:
6000.00 4880.00 4000.00 3280.00 2000.00
CHIMNEY RATES:
2100.00 1708.00 1400.00 1148.00 700.00
FULL BATHRATES:
6000 4880 4000 3280 2000
HALF BATHRATES:
3900 3172 2600 2132 1300
FIXTURE RATES:
1980 1610 1320 1082 660
BASE RATE PERCENTAGE ADJUSTMENT TO GET UNF-BSMT RATE: 27
BASE RATE PERCENTAGE ADJUSTMENT TO GET S/F-BSMT RATE: 40
BASE RATE PERCENTAGE ADJUSTMENT TO GET FIN-BSMT RATE: 75
BASE RATE PERCENTAGE ADJUSTMENT TO GET FINATTIC RATE: 30
EXTERIOR FINISH RATE ADJUSTMENTS
CODE-ABREV. AMOUNT
1-FRAME 0 2-BRICK 275 3-FR & MAS 175
4-C. BLOCK -15 5-STUCCO 50 6-BD&BATEN 0
7-CEDAR 100 8-SID/SHEA 0 9-METL/GLS 200
10-TILE 100 11-AL/VYN 0 12-ASB/SD -200
13-CMP/SGL -250 14-WD SHG 130 15-LOGS 250
16-PERM/ST 0 17-MASONITE 0 18-CEMBOARD 225
19-BRICK/LC 70 20-BRICK/JB 325
HEAT & AIR COND. RATE ADJUSTMENTS
CODE-ABREV. AMOUNT
1-NONE -250 2-UNITS -200 3-CENTRAL 0
4-HT PUMP 250 5-WINDUNIT 0 6-SOLAR 0
7-FLR/WALL 0 8-ELECT-BB -100 9-CHWATER 200
10-STEAM 200 11-GASPACK 250 12-WOOD -200
13-RADIANT -100 14-HOTWATER 200 15-HOT-AIR 200
16-*BADCODE 0 17-CENT-A/C 250 21-PREFABFP 75
WALL HEIGHTS: 0 0 0 0 0 0 0 0
FACTORS: 0.000 0.000 0.000 0.000 0.000 0.000 0.000 0.000
STORY HGTS: 1.00 1.25 1.50 1.75 2.00 2.25 2.50 3.00
FACTORS: 1.00 1.00 0.94 0.94 0.94 0.94 0.95 0.95
STRUCTURE CLASS: 8-BANK
429
127
GRADE- A GRADE- B GRADE- C GRADE- D GRADE- E
AREA RATE AREA RATE AREA RATE AREA RATE AREA RATE
1000 184.73 1000 150.24 1000 123.15 1000 100.98 1000 61.58
2800 175.92 2800 143.08 2800 117.28 2800 96.17 2800 58.64
5200 167.54 5200 136.26 5200 111.69 5200 91.59 5200 55.85
7200 159.56 7200 129.77 7200 106.37 7200 87.22 7200 53.19
9200 151.97 9200 123.60 9200 101.31 9200 83.07 9200 50.66
11500 148.92 11500 121.12 11500 99.28 11500 81.41 11500 49.64
13500 146.69 13500 119.30 13500 97.79 13500 80.19 13500 48.90
14000 144.50 14000 117.52 14000 96.33 14000 78.99 14000 48.17
FIREPLACE RATES:
0.00 0.00 0.00 0.00 0.00
FULL BATHRATES:
0 0 0 0 0
HALF BATHRATES:
0 0 0 0 0
FIXTURE RATES:
0 0 0 0 0
BASE RATE PERCENTAGE ADJUSTMENT TO GET UNF-BSMT RATE: 27
BASE RATE PERCENTAGE ADJUSTMENT TO GET S/F-BSMT RATE: 35
BASE RATE PERCENTAGE ADJUSTMENT TO GET FIN-BSMT RATE: 55
BASE RATE PERCENTAGE ADJUSTMENT TO GET FINATTIC RATE: 30
EXTERIOR FINISH RATE ADJUSTMENTS
CODE-ABREV. AMOUNT
1-FRAME -250 2-BRICK 0 3-FR & MAS 0
4-C. BLOCK -250 5-STUCCO -200 6-BD&BATEN -250
7-CEDAR -150 8-SID/SHEA -250 9-METL/GLS 0
10-TILE -150 11-AL/VYN -250 12-ASB/SD -350
13-CMP/SGL -350 14-WD SHG -250 15-LOGS 0
16-PERM/ST 0 17-MASONITE -250 18-CEMBOARD -50
19-BRICK/LC 0 20-BRICK/JB 0
HEAT & AIR COND. RATE ADJUSTMENTS
CODE-ABREV. AMOUNT
1-NONE -250 2-UNITS -150 3-CENTRAL 0
4-HT PUMP 0 5-WINDUNIT -200 6-SOLAR 0
7-FLR/WALL -150 8-ELECT-BB -150 9-CHWATER 0
10-STEAM 0 11-GASPACK 0 12-WOOD -250
13-RADIANT 0 14-HOTWATER 0 15-HOT-AIR 0
16-*BADCODE 0 17-CENT-A/C 0 21-PREFABFP 75
WALL HEIGHTS: 8 9 10 11 12 13 14 15
FACTORS: 0.900 0.928 0.953 0.977 1.000 1.023 1.046 1.069
STORY HGTS: 1.00 1.10 1.25 1.50 1.75 2.00 2.50 3.00
FACTORS: 1.00 1.00 1.00 0.94 0.94 0.95 0.94 0.95
430
128
STRUCTURE CLASS: 9-FAST FOOD RESTAURANT
GRADE- A GRADE- B GRADE- C GRADE- D GRADE- E
AREA RATE AREA RATE AREA RATE AREA RATE AREA RATE
800 172.86 800 133.10 800 106.16 800 87.81 800 73.29
1300 168.54 1300 129.77 1300 103.07 1300 85.62 1300 71.46
1800 164.33 1800 126.53 1800 101.05 1800 83.48 1800 69.67
2800 160.22 2800 123.37 2800 99.07 2800 81.39 2800 67.93
3800 156.21 3800 120.28 3800 98.56 3800 79.36 3800 66.23
4800 152.31 4800 117.28 4800 97.57 4800 77.37 4800 64.58
6000 148.50 6000 114.34 6000 96.59 6000 75.44 6000 62.96
8000 144.79 8000 111.49 8000 94.66 8000 73.55 8000 61.39
FIREPLACE RATES:
0.00 0.00 0.00 0.00 0.00
FULL BATHRATES:
0 0 0 0 0
HALF BATHRATES:
0 0 0 0 0
FIXTURE RATES:
0 0 0 0 0
BASE RATE PERCENTAGE ADJUSTMENT TO GET UNF-BSMT RATE: 27
BASE RATE PERCENTAGE ADJUSTMENT TO GET S/F-BSMT RATE: 35
BASE RATE PERCENTAGE ADJUSTMENT TO GET FIN-BSMT RATE: 45
BASE RATE PERCENTAGE ADJUSTMENT TO GET FINATTIC RATE: 30
EXTERIOR FINISH RATE ADJUSTMENTS
CODE-ABREV. AMOUNT
1-FRAME -100 2-BRICK 0 3-FR & MAS 0
4-C. BLOCK 0 5-STUCCO 0 6-BD&BATEN 100
7-CEDAR 100 8-SID/SHEA -100 9-METL/GLS 75
10-TILE 0 11-AL/VYN -100 12-ASB/SD -200
13-CMP/SGL -300 14-WD SHG 150 15-LOGS 0
16-PERM/ST 0 17-MASONITE -100 18-CEMBOARD 0
19-BRICK/LC -150 20-BRICK/JB 350
HEAT & AIR COND. RATE ADJUSTMENTS
CODE-ABREV. AMOUNT
1-NONE -250 2-UNITS -150 3-CENTRAL 0
4-HT PUMP 0 5-WINDUNIT -150 6-SOLAR 150
7-FLR/WALL -100 8-ELECT-BB -75 9-CHWATER 300
10-STEAM 100 11-GASPACK 0 12-WOOD 0
13-RADIANT -100 14-HOTWATER 75 15-HOT-AIR 0
16-*BADCODE 0 17-CENT-A/C 0 21-PREFABFP 0
WALL HEIGHTS: 8 10 11 12 13 14 15 16
FACTORS: 0.979 1.000 1.021 1.042 1.064 1.085 1.127 0.751
STORY HGTS: 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00
FACTORS: 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00
431
129
STRUCTURE CLASS: 10-RESTAURANT LOUNGE
GRADE- A GRADE- B GRADE- C GRADE- D GRADE- E
AREA RATE AREA RATE AREA RATE AREA RATE AREA RATE
800 110.03 800 89.49 800 73.35 800 60.15 800 36.68
1300 107.85 1300 87.72 1300 71.90 1300 58.96 1300 35.95
1800 106.26 1800 86.42 1800 70.84 1800 58.09 1800 35.42
2400 105.21 2400 85.57 2400 70.14 2400 57.51 2400 35.07
3400 103.95 3400 84.55 3400 69.30 3400 56.83 3400 34.65
4600 101.76 4600 82.76 4600 67.84 4600 55.63 4600 33.92
6000 99.14 6000 80.63 6000 66.09 6000 54.19 6000 33.05
8000 97.16 8000 79.02 8000 64.77 8000 53.11 8000 32.39
FIREPLACE RATES:
6000.00 4880.00 4000.00 3280.00 2000.00
FULL BATHRATES:
6000 4880 4000 3280 2000
HALF BATHRATES:
3900 3172 2600 2132 1300
FIXTURE RATES:
1980 1610 1320 1082 660
BASE RATE PERCENTAGE ADJUSTMENT TO GET UNF-BSMT RATE: 27
BASE RATE PERCENTAGE ADJUSTMENT TO GET S/F-BSMT RATE: 35
BASE RATE PERCENTAGE ADJUSTMENT TO GET FIN-BSMT RATE: 60
BASE RATE PERCENTAGE ADJUSTMENT TO GET FINATTIC RATE: 30
EXTERIOR FINISH RATE ADJUSTMENTS
CODE-ABREV. AMOUNT
1-FRAME -100 2-BRICK 0 3-FR & MAS 0
4-C. BLOCK 0 5-STUCCO 0 6-BD&BATEN 100
7-CEDAR 100 8-SID/SHEA -100 9-METL/GLS 75
10-TILE 0 11-AL/VYN -100 12-ASB/SD -200
13-CMP/SGL -300 14-WD SHG 150 15-LOGS 0
16-PERM/ST 0 17-MASONITE -100 18-CEMBOARD 0
19-BRICK/LC -150 20-BRICK/JB 350
HEAT & AIR COND. RATE ADJUSTMENTS
CODE-ABREV. AMOUNT
1-NONE -250 2-UNITS -150 3-CENTRAL 0
4-HT PUMP 0 5-WINDUNIT -150 6-SOLAR 150
7-FLR/WALL -100 8-ELECT-BB -75 9-CHWATER 300
10-STEAM 100 11-GASPACK 0 12-WOOD 0
13-RADIANT -100 14-HOTWATER 75 15-HOT-AIR 0
16-*BADCODE 0 17-CENT-A/C 0 21-PREFABFP 75
WALL HEIGHTS: 8 10 11 12 13 14 15 16
FACTORS: 0.915 0.957 0.979 1.000 1.021 1.042 1.064 1.085
STORY HGTS: 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00
FACTORS: 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00
432
130
STRUCTURE CLASS: 11-MOTEL
GRADE- A GRADE- B GRADE- C GRADE- D GRADE- E
AREA RATE AREA RATE AREA RATE AREA RATE AREA RATE
2000 93.00 2000 75.64 2000 62.00 2000 50.84 2000 31.00
4500 90.29 4500 73.43 4500 60.19 4500 49.36 4500 30.10
7000 87.65 7000 71.28 7000 58.43 7000 47.91 7000 29.22
9500 85.11 9500 69.22 9500 56.74 9500 46.53 9500 28.37
12000 83.39 12000 67.82 12000 55.59 12000 45.58 12000 27.80
16000 81.72 16000 66.47 16000 54.48 16000 44.67 16000 27.24
19000 80.09 19000 65.14 19000 53.39 19000 43.78 19000 26.70
23000 78.50 23000 63.84 23000 52.33 23000 42.91 23000 26.17
FIREPLACE RATES:
6000.00 4880.00 4000.00 3280.00 2000.00
CHIMNEY RATES:
2100.00 1708.00 1400.00 1148.00 700.00
FULL BATHRATES:
0 0 0 0 0
HALF BATHRATES:
0 0 0 0 0
FIXTURE RATES:
0 0 0 0 0
BASE RATE PERCENTAGE ADJUSTMENT TO GET UNF-BSMT RATE: 27
BASE RATE PERCENTAGE ADJUSTMENT TO GET S/F-BSMT RATE: 35
BASE RATE PERCENTAGE ADJUSTMENT TO GET FIN-BSMT RATE: 60
BASE RATE PERCENTAGE ADJUSTMENT TO GET FINATTIC RATE: 30
EXTERIOR FINISH RATE ADJUSTMENTS
CODE-ABREV. AMOUNT
1-FRAME -100 2-BRICK 0 3-FR & MAS 0
4-C. BLOCK -100 5-STUCCO 100 6-BD&BATEN 0
7-CEDAR 100 8-SID/SHEA -150 9-METL/GLS 0
10-TILE -100 11-AL/VYN 0 12-ASB/SD -250
13-CMP/SGL -250 14-WD SHG 200 15-LOGS -100
16-PERM/ST 250 17-MASONITE 0 18-CEMBOARD 0
19-BRICK/LC -100 20-BRICK/JB 350
HEAT & AIR COND. RATE ADJUSTMENTS
CODE-ABREV. AMOUNT
1-NONE -250 2-UNITS -250 3-CENTRAL 0
4-HT PUMP 0 5-WINDUNIT -150 6-SOLAR 0
7-FLR/WALL -250 8-ELECT-BB 0 9-CHWATER 300
10-STEAM 0 11-GASPACK 0 12-WOOD -250
13-RADIANT -150 14-HOTWATER 100 15-HOT-AIR 100
16-*BADCODE 0 17-CENT-A/C 0 21-PREFABFP 75
WALL HEIGHTS: 8 10 12 14 16 18 20 22
FACTORS: 0.885 0.921 0.961 1.000 1.041 1.086 1.113 1.181
STORY HGTS: 1.00 1.50 2.00 2.50 3.00 3.50 4.00 5.00
FACTORS: 1.00 0.95 0.90 0.92 0.95 0.97 0.99 1.00
433
131
STRUCTURE CLASS: 12-AUDITORIUM
GRADE- A GRADE- B GRADE- C GRADE- D GRADE- E
AREA RATE AREA RATE AREA RATE AREA RATE AREA RATE
2000 104.78 2000 85.22 2000 69.85 2000 57.28 2000 34.93
4000 102.72 4000 83.55 4000 68.48 4000 56.15 4000 34.24
6000 100.70 6000 81.90 6000 67.13 6000 55.05 6000 33.57
8000 95.91 8000 78.01 8000 63.94 8000 52.43 8000 31.97
10000 91.35 10000 74.30 10000 60.90 10000 49.94 10000 30.45
12000 86.78 12000 70.58 12000 57.85 12000 47.44 12000 28.93
14000 82.44 14000 67.05 14000 54.96 14000 45.07 14000 27.48
16000 78.33 16000 63.71 16000 52.22 16000 42.82 16000 26.11
FIREPLACE RATES:
6000.00 4880.00 4000.00 3280.00 2000.00
CHIMNEY RATES:
2100.00 1708.00 1400.00 1148.00 700.00
FULL BATHRATES:
6000 4880 4000 3280 2000
HALF BATHRATES:
3900 3172 2600 2132 1300
FIXTURE RATES:
1980 1610 1320 1082 660
BASE RATE PERCENTAGE ADJUSTMENT TO GET UNF-BSMT RATE: 27
BASE RATE PERCENTAGE ADJUSTMENT TO GET S/F-BSMT RATE: 35
BASE RATE PERCENTAGE ADJUSTMENT TO GET FIN-BSMT RATE: 45
BASE RATE PERCENTAGE ADJUSTMENT TO GET FINATTIC RATE: 30
EXTERIOR FINISH RATE ADJUSTMENTS
CODE-ABREV. AMOUNT
1-FRAME -100 2-BRICK 0 3-FR & MAS 0
4-C. BLOCK 0 5-STUCCO 0 6-BD&BATEN 100
7-CEDAR 175 8-SID/SHEA -100 9-METL/GLS 150
10-TILE 90 11-AL/VYN 0 12-ASB/SD -100
13-CMP/SGL -150 14-WD SHG 150 15-LOGS 100
16-PERM/ST 150 17-MASONITE -100 18-CEMBOARD 0
19-BRICK/LC -100 20-BRICK/JB 350
HEAT & AIR COND. RATE ADJUSTMENTS
CODE-ABREV. AMOUNT
1-NONE -150 2-UNITS -75 3-CENTRAL 0
4-HT PUMP 125 5-WINDUNIT -150 6-SOLAR 100
7-FLR/WALL 0 8-ELECT-BB -150 9-CHWATER 300
10-STEAM 200 11-GASPACK 100 12-WOOD 0
13-RADIANT 90 14-HOTWATER 200 15-HOT-AIR 275
16-*BADCODE 0 17-CENT-A/C 100 21-PREFABFP 75
WALL HEIGHTS: 8 10 12 14 16 18 20 22
FACTORS: 0.776 0.833 0.889 0.945 1.000 1.054 1.106 1.150
STORY HGTS: 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00
FACTORS: 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00
434
132
STRUCTURE CLASS: 13-BEAUTY SHOP
GRADE- A GRADE- B GRADE- C GRADE- D GRADE- E
AREA RATE AREA RATE AREA RATE AREA RATE AREA RATE
200 80.18 200 65.21 200 53.45 200 43.83 200 26.73
400 78.14 400 63.55 400 52.09 400 42.71 400 26.05
800 76.08 800 61.88 800 50.72 800 41.59 800 25.36
1000 74.06 1000 60.23 1000 49.37 1000 40.48 1000 24.69
1200 70.28 1200 57.16 1200 46.85 1200 38.42 1200 23.43
1500 63.38 1500 51.55 1500 42.25 1500 34.65 1500 21.13
2000 61.34 2000 49.89 2000 40.89 2000 33.53 2000 20.45
3000 60.23 3000 48.98 3000 40.15 3000 32.92 3000 20.08
FIREPLACE RATES:
6000.00 4880.00 4000.00 3280.00 2000.00
FULL BATHRATES:
6000 4880 4000 3280 2000
HALF BATHRATES:
3900 3172 2600 2132 1300
FIXTURE RATES:
1980 1610 1320 1082 660
BASE RATE PERCENTAGE ADJUSTMENT TO GET UNF-BSMT RATE: 27
BASE RATE PERCENTAGE ADJUSTMENT TO GET S/F-BSMT RATE: 35
BASE RATE PERCENTAGE ADJUSTMENT TO GET FIN-BSMT RATE: 60
BASE RATE PERCENTAGE ADJUSTMENT TO GET FINATTIC RATE: 30
EXTERIOR FINISH RATE ADJUSTMENTS
CODE-ABREV. AMOUNT
1-FRAME 0 2-BRICK 250 3-FR & MAS 150
4-C. BLOCK -50 5-STUCCO 50 6-BD&BATEN 0
7-CEDAR 150 8-SID/SHEA 0 9-METL/GLS 150
10-TILE 100 11-AL/VYN 0 12-ASB/SD -150
13-CMP/SGL -200 14-WD SHG 150 15-LOGS 100
16-PERM/ST 300 17-MASONITE 0 18-CEMBOARD 100
19-BRICK/LC -100 20-BRICK/JB 350
HEAT & AIR COND. RATE ADJUSTMENTS
CODE-ABREV. AMOUNT
1-NONE -250 2-UNITS -200 3-CENTRAL 150
4-HT PUMP 300 5-WINDUNIT 0 6-SOLAR 150
7-FLR/WALL 0 8-ELECT-BB 0 9-CHWATER 300
10-STEAM 200 11-GASPACK 300 12-WOOD -200
13-RADIANT 0 14-HOTWATER 200 15-HOT-AIR 275
16-*BADCODE 0 17-CENT-A/C 185 21-PREFABFP 75
WALL HEIGHTS: 8 9 10 11 12 13 14 15
FACTORS: 0.900 0.928 0.953 0.977 1.000 1.023 1.046 1.069
STORY HGTS: 1.00 1.25 1.50 1.75 2.00 2.25 2.50 3.00
FACTORS: 1.00 1.00 0.94 0.94 0.95 0.95 0.95 0.95
435
133
STRUCTURE CLASS: 14-CAR WASH
GRADE- A GRADE- B GRADE- C GRADE- D GRADE- E
AREA RATE AREA RATE AREA RATE AREA RATE AREA RATE
200 99.68 200 81.07 200 66.45 200 54.49 200 33.23
600 94.74 600 77.06 600 63.16 600 51.79 600 31.58
1000 89.96 1000 73.16 1000 59.97 1000 49.18 1000 29.99
1400 80.96 1400 65.84 1400 53.97 1400 44.26 1400 26.99
1800 72.87 1800 59.27 1800 48.58 1800 39.84 1800 24.29
2200 65.57 2200 53.33 2200 43.71 2200 35.84 2200 21.86
2600 58.91 2600 47.91 2600 39.27 2600 32.20 2600 19.64
3000 53.12 3000 43.20 3000 35.41 3000 29.04 3000 17.71
FIREPLACE RATES:
0.00 0.00 0.00 0.00 0.00
FULL BATHRATES:
0 0 0 0 0
HALF BATHRATES:
0 0 0 0 0
FIXTURE RATES:
0 0 0 0 0
BASE RATE PERCENTAGE ADJUSTMENT TO GET UNF-BSMT RATE: 0
BASE RATE PERCENTAGE ADJUSTMENT TO GET S/F-BSMT RATE: 0
BASE RATE PERCENTAGE ADJUSTMENT TO GET FIN-BSMT RATE: 0
BASE RATE PERCENTAGE ADJUSTMENT TO GET FINATTIC RATE: 0
EXTERIOR FINISH RATE ADJUSTMENTS
CODE-ABREV. AMOUNT
1-FRAME 0 2-BRICK 0 3-FR & MAS 0
4-C. BLOCK 0 5-STUCCO 0 6-BD&BATEN 0
7-CEDAR 0 8-SID/SHEA 0 9-METL/GLS 0
10-TILE 0 11-AL/VYN 0 12-ASB/SD 0
13-CMP/SGL 0 14-WD SHG 0 15-LOGS 0
16-PERM/ST 0 17-MASONITE 0 18-CEMBOARD 0
19-BRICK/LC 0 20-BRICK/JB 0
HEAT & AIR COND. RATE ADJUSTMENTS
CODE-ABREV. AMOUNT
1-NONE 0 1-NONE 0 3-CENTRAL 0
4-HT PUMP 0 5-WINDUNIT 0 6-SOLAR 0
7-FLR/WALL 0 8-ELECT-BB 0 9-CHWATER 0
10-STEAM 0 11-GASPACK 0 12-WOOD 0
13-RADIANT 0 14-HOTWATER 0 15-HOT-AIR 0
16-*BADCODE 0 21-PREFABFP 0
WALL HEIGHTS: 8 9 10 12 13 14 15 0
FACTORS: 0.900 0.928 0.953 1.000 1.023 1.046 1.069 0.000
STORY HGTS: 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00
FACTORS: 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00
436
134
STRUCTURE CLASS: 15-AUTOMOTIVE GARAGE
GRADE- A GRADE- B GRADE- C GRADE- D GRADE- E
AREA RATE AREA RATE AREA RATE AREA RATE AREA RATE
800 75.08 800 61.06 800 50.05 800 41.04 800 25.03
2000 60.51 2000 49.21 2000 40.34 2000 33.08 2000 20.17
4500 51.65 4500 42.00 4500 34.43 4500 28.23 4500 17.22
7000 46.78 7000 38.05 7000 31.19 7000 25.57 7000 15.59
9000 44.27 9000 36.01 9000 29.51 9000 24.20 9000 14.76
11000 43.81 11000 35.63 11000 29.21 11000 23.95 11000 14.60
14000 43.54 14000 35.42 14000 29.03 14000 23.80 14000 14.51
17000 42.49 17000 34.56 17000 28.83 17000 23.23 17000 14.16
FIREPLACE RATES:
0.00 0.00 0.00 0.00 0.00
FULL BATHRATES:
0 0 0 0 0
HALF BATHRATES:
0 0 0 0 0
FIXTURE RATES:
0 0 0 0 0
BASE RATE PERCENTAGE ADJUSTMENT TO GET UNF-BSMT RATE: 27
BASE RATE PERCENTAGE ADJUSTMENT TO GET S/F-BSMT RATE: 35
BASE RATE PERCENTAGE ADJUSTMENT TO GET FIN-BSMT RATE: 60
BASE RATE PERCENTAGE ADJUSTMENT TO GET FINATTIC RATE: 30
EXTERIOR FINISH RATE ADJUSTMENTS
CODE-ABREV. AMOUNT
1-FRAME 0 2-BRICK 250 3-FR & MAS 100
4-C. BLOCK 0 5-STUCCO 50 6-BD&BATEN 0
7-CEDAR 100 8-SID/SHEA 0 9-METL/GLS 150
10-TILE 0 11-AL/VYN 0 12-ASB/SD -150
13-CMP/SGL -150 14-WD SHG 150 15-LOGS 100
16-PERM/ST 250 17-MASONITE 0 18-CEMBOARD 200
19-BRICK/LC -50 20-BRICK/JB 350
HEAT & AIR COND. RATE ADJUSTMENTS
CODE-ABREV. AMOUNT
1-NONE -200 2-UNITS -100 3-CENTRAL 175
4-HT PUMP 300 5-WINDUNIT 0 6-SOLAR 0
7-FLR/WALL -100 8-ELECT-BB 0 9-CHWATER 300
10-STEAM 200 11-GASPACK 300 12-WOOD -200
13-RADIANT -100 14-HOTWATER 100 15-HOT-AIR 275
16-*BADCODE 0 17-CENT-A/C 275 21-PREFABFP 0
WALL HEIGHTS: 8 10 12 14 16 18 20 22
FACTORS: 0.885 0.921 0.961 1.000 1.041 1.086 1.133 1.181
STORY HGTS: 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00
FACTORS: 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00
437
135
STRUCTURE CLASS: 16-AUTOMOTIVE SHOWROOM
GRADE- A GRADE- B GRADE- C GRADE- D GRADE- E
AREA RATE AREA RATE AREA RATE AREA RATE AREA RATE
800 96.94 800 78.84 800 64.63 800 52.99 800 32.31
1100 95.04 1100 77.30 1100 63.36 1100 51.96 1100 31.68
1800 93.18 1800 75.78 1800 62.12 1800 50.94 1800 31.06
3000 91.34 3000 74.29 3000 60.90 3000 49.93 3000 30.45
5000 89.56 5000 72.84 5000 59.71 5000 48.96 5000 29.85
6500 87.76 6500 71.38 6500 58.51 6500 47.98 6500 29.25
9000 86.01 9000 69.96 9000 57.34 9000 47.02 9000 28.67
12000 84.28 12000 68.55 12000 56.19 12000 46.07 12000 28.09
FIREPLACE RATES:
0.00 0.00 0.00 0.00 0.00
FULL BATHRATES:
6000 4880 4000 3280 2000
HALF BATHRATES:
3900 3172 2600 2132 1300
FIXTURE RATES:
1980 1610 1320 1082 660
BASE RATE PERCENTAGE ADJUSTMENT TO GET UNF-BSMT RATE: 27
BASE RATE PERCENTAGE ADJUSTMENT TO GET S/F-BSMT RATE: 35
BASE RATE PERCENTAGE ADJUSTMENT TO GET FIN-BSMT RATE: 60
BASE RATE PERCENTAGE ADJUSTMENT TO GET FINATTIC RATE: 30
EXTERIOR FINISH RATE ADJUSTMENTS
CODE-ABREV. AMOUNT
1-FRAME 0 2-BRICK 250 3-FR & MAS 100
4-C. BLOCK 0 5-STUCCO 50 6-BD&BATEN 0
7-CEDAR 100 8-SID/SHEA 0 9-METL/GLS 150
10-TILE 0 11-AL/VYN 0 12-ASB/SD -150
13-CMP/SGL -150 14-WD SHG 150 15-LOGS 100
16-PERM/ST 250 17-MASONITE 0 18-CEMBOARD 200
19-BRICK/LC -50 20-BRICK/JB 350
HEAT & AIR COND. RATE ADJUSTMENTS
CODE-ABREV. AMOUNT
1-NONE -200 2-UNITS -100 3-CENTRAL 175
4-HT PUMP 300 5-WINDUNIT 0 6-SOLAR 0
7-FLR/WALL -100 8-ELECT-BB 0 9-CHWATER 300
10-STEAM 200 11-GASPACK 300 12-WOOD -200
13-RADIANT -100 14-HOTWATER 100 15-HOT-AIR 275
16-*BADCODE 0 17-CENT-A/C 275 21-PREFABFP 0
WALL HEIGHTS: 8 10 12 14 16 18 20 22
FACTORS: 0.885 0.921 0.961 1.000 1.041 1.086 1.133 1.181
STORY HGTS: 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00
FACTORS: 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00
438
136
STRUCTURE CLASS: 17-BOWLING ALLEY
GRADE- A GRADE- B GRADE- C GRADE- D GRADE- E
AREA RATE AREA RATE AREA RATE AREA RATE AREA RATE
2000 78.74 2000 64.04 2000 52.49 2000 43.04 2000 26.25
4000 76.43 4000 62.16 4000 50.95 4000 41.78 4000 25.48
6000 74.22 6000 60.36 6000 49.48 6000 40.57 6000 24.74
8000 72.06 8000 58.61 8000 48.04 8000 39.39 8000 24.02
10000 70.60 10000 57.42 10000 47.07 10000 38.60 10000 23.53
12000 69.20 12000 56.28 12000 46.13 12000 37.83 12000 23.07
14000 67.82 14000 55.16 14000 45.21 14000 37.07 14000 22.61
16000 66.45 16000 54.04 16000 44.30 16000 36.32 16000 22.15
FIREPLACE RATES:
0.00 0.00 0.00 0.00 0.00
FULL BATHRATES:
6000 4880 4000 3280 2000
HALF BATHRATES:
3900 3172 2600 2132 1300
FIXTURE RATES:
1980 1610 1320 1082 660
BASE RATE PERCENTAGE ADJUSTMENT TO GET UNF-BSMT RATE: 27
BASE RATE PERCENTAGE ADJUSTMENT TO GET S/F-BSMT RATE: 35
BASE RATE PERCENTAGE ADJUSTMENT TO GET FIN-BSMT RATE: 60
BASE RATE PERCENTAGE ADJUSTMENT TO GET FINATTIC RATE: 30
EXTERIOR FINISH RATE ADJUSTMENTS
CODE-ABREV. AMOUNT
1-FRAME 0 2-BRICK 100 3-FR & MAS 50
4-C. BLOCK -50 5-STUCCO -50 6-BD&BATEN 0
7-CEDAR 100 8-SID/SHEA 0 9-METL/GLS 150
10-TILE 0 11-AL/VYN 0 12-ASB/SD -200
13-CMP/SGL -250 14-WD SHG 100 15-LOGS 100
16-PERM/ST 250 17-MASONITE 0 18-CEMBOARD 150
19-BRICK/LC -50 20-BRICK/JB 350
HEAT & AIR COND. RATE ADJUSTMENTS
CODE-ABREV. AMOUNT
1-NONE -200 2-UNITS -100 3-CENTRAL 175
4-HT PUMP 300 5-WINDUNIT 0 6-SOLAR 0
7-FLR/WALL -100 8-ELECT-BB 0 9-CHWATER 300
10-STEAM 200 11-GASPACK 300 12-WOOD -200
13-RADIANT -100 14-HOTWATER 100 15-HOT-AIR 275
16-*BADCODE 0 17-CENT-A/C 275 21-PREFABFP 0
WALL HEIGHTS: 8 10 11 12 13 14 15 16
FACTORS: 0.915 0.957 0.979 1.000 1.021 1.042 1.064 1.085
STORY HGTS: 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00
FACTORS: 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00
439
137
STRUCTURE CLASS: 18-COUNTRY CLUB
GRADE- A GRADE- B GRADE- C GRADE- D GRADE- E
AREA RATE AREA RATE AREA RATE AREA RATE AREA RATE
2000 124.64 2000 101.37 2000 83.09 2000 68.14 2000 41.55
4000 122.20 4000 99.39 4000 81.47 4000 66.80 4000 40.73
6000 119.79 6000 97.43 6000 79.86 6000 65.49 6000 39.93
8000 118.62 8000 96.48 8000 79.08 8000 64.84 8000 39.54
10000 118.37 10000 96.28 10000 78.91 10000 64.71 10000 39.46
12000 117.91 12000 95.90 12000 78.61 12000 64.46 12000 39.30
14000 117.20 14000 95.32 14000 78.13 14000 64.07 14000 39.07
16000 116.03 16000 94.37 16000 77.35 16000 63.43 16000 38.68
FIREPLACE RATES:
6000.00 4880.00 4000.00 3280.00 2000.00
CHIMNEY RATES:
2100.00 1708.00 1400.00 1148.00 700.00
FULL BATHRATES:
6000 4880 4000 3280 2000
HALF BATHRATES:
3900 3172 2600 2132 1300
FIXTURE RATES:
1980 1610 1320 1082 660
BASE RATE PERCENTAGE ADJUSTMENT TO GET UNF-BSMT RATE: 27
BASE RATE PERCENTAGE ADJUSTMENT TO GET S/F-BSMT RATE: 35
BASE RATE PERCENTAGE ADJUSTMENT TO GET FIN-BSMT RATE: 60
BASE RATE PERCENTAGE ADJUSTMENT TO GET FINATTIC RATE: 30
EXTERIOR FINISH RATE ADJUSTMENTS
CODE-ABREV. AMOUNT
1-FRAME 0 2-BRICK 225 3-FR & MAS 100
4-C. BLOCK -100 5-STUCCO 0 6-BD&BATEN 0
7-CEDAR 100 8-SID/SHEA 0 9-METL/GLS 250
10-TILE 100 11-AL/VYN 0 12-ASB/SD -225
13-CMP/SGL -275 14-WD SHG 150 15-LOGS 100
16-PERM/ST 225 17-MASONITE 0 18-CEMBOARD 100
19-BRICK/LC 0 20-BRICK/JB 0
HEAT & AIR COND. RATE ADJUSTMENTS
CODE-ABREV. AMOUNT
1-NONE -350 2-UNITS -250 3-CENTRAL 150
4-HT PUMP 300 5-WINDUNIT 0 6-SOLAR 100
7-FLR/WALL 0 8-ELECT-BB 0 9-CHWATER 300
10-STEAM 100 11-GASPACK 300 12-WOOD -350
13-RADIANT -100 14-HOTWATER 100 15-HOT-AIR 250
16-*BADCODE 0 17-CENT-A/C 125 21-PREFABFP 75
WALL HEIGHTS: 7 8 9 10 11 12 13 14
FACTORS: 0.922 0.947 0.973 1.000 1.027 1.055 1.084 1.114
STORY HGTS: 1.00 1.25 1.50 1.75 2.00 2.25 2.50 3.00
FACTORS: 1.00 1.00 0.94 0.94 0.95 0.95 0.95 0.95
440
138
STRUCTURE CLASS: 19-COMM DOWNTOWN
GRADE- A GRADE- B GRADE- C GRADE- D GRADE- E
AREA RATE AREA RATE AREA RATE AREA RATE AREA RATE
1000 59.05 1000 48.03 1000 39.37 1000 32.28 1000 19.68
3000 55.24 3000 44.93 3000 36.83 3000 30.20 3000 18.41
4000 51.81 4000 42.14 4000 34.54 4000 28.32 4000 17.27
5000 48.84 5000 39.72 5000 32.56 5000 26.70 5000 16.28
6000 48.18 6000 39.19 6000 32.12 6000 26.34 6000 16.06
7000 46.81 7000 38.07 7000 31.21 7000 25.59 7000 15.60
8000 45.23 8000 36.78 8000 30.15 8000 24.72 8000 15.08
9000 42.95 9000 34.93 9000 28.63 9000 23.48 9000 14.32
FIREPLACE RATES:
0.00 0.00 0.00 0.00 0.00
FULL BATHRATES:
6000 4880 4000 3280 2000
HALF BATHRATES:
3900 3172 2600 2132 1300
FIXTURE RATES:
1980 1610 1320 1082 660
BASE RATE PERCENTAGE ADJUSTMENT TO GET UNF-BSMT RATE: 27
BASE RATE PERCENTAGE ADJUSTMENT TO GET S/F-BSMT RATE: 35
BASE RATE PERCENTAGE ADJUSTMENT TO GET FIN-BSMT RATE: 60
BASE RATE PERCENTAGE ADJUSTMENT TO GET FINATTIC RATE: 30
EXTERIOR FINISH RATE ADJUSTMENTS
CODE-ABREV. AMOUNT
1-FRAME -100 2-BRICK 0 3-FR & MAS 0
4-C. BLOCK 0 5-STUCCO 50 6-BD&BATEN 100
7-CEDAR 100 8-SID/SHEA 0 9-METL/GLS 250
10-TILE 100 11-AL/VYN 0 12-ASB/SD -200
13-CMP/SGL -250 14-WD SHG 100 15-LOGS 100
16-PERM/ST 100 17-MASONITE 0 18-CEMBOARD 0
19-BRICK/LC -50 20-BRICK/JB 350
HEAT & AIR COND. RATE ADJUSTMENTS
CODE-ABREV. AMOUNT
1-NONE -250 2-UNITS 0 3-CENTRAL 150
4-HT PUMP 300 5-WINDUNIT 0 6-SOLAR 100
7-FLR/WALL 100 8-ELECT-BB 0 9-CHWATER 250
10-STEAM 150 11-GASPACK 300 12-WOOD -200
13-RADIANT -100 14-HOTWATER 100 15-HOT-AIR 275
16-*BADCODE 0 17-CENT-A/C 200 21-PREFABFP 0
WALL HEIGHTS: 8 10 12 14 16 18 20 22
FACTORS: 0.885 0.921 0.960 1.000 1.041 1.086 1.133 1.181
STORY HGTS: 1.00 1.50 2.00 2.50 3.00 4.00 5.00 6.00
FACTORS: 1.00 0.95 0.90 0.92 0.95 0.99 1.00 1.00
441
139
STRUCTURE CLASS: 20-INDUSTRIAL RESEARCH & ENGINEERING
GRADE- A GRADE- B GRADE- C GRADE- D GRADE- E
AREA RATE AREA RATE AREA RATE AREA RATE AREA RATE
2000 101.29 2000 82.38 2000 67.53 2000 55.37 2000 33.76
4000 99.99 4000 81.32 4000 66.66 4000 54.66 4000 33.33
6000 87.81 6000 71.42 6000 58.54 6000 48.01 6000 29.27
8000 77.56 8000 63.08 8000 51.70 8000 42.40 8000 25.85
10000 76.25 10000 62.02 10000 50.84 10000 41.69 10000 25.42
12000 73.88 12000 60.09 12000 49.25 12000 40.39 12000 24.63
14000 72.35 14000 58.84 14000 48.23 14000 39.55 14000 24.12
16000 71.12 16000 57.85 16000 47.42 16000 38.88 16000 23.71
FIREPLACE RATES:
0.00 0.00 0.00 0.00 0.00
FULL BATHRATES:
6000 4880 4000 3280 2000
HALF BATHRATES:
3900 3172 2600 2132 1300
FIXTURE RATES:
1980 1610 1320 1082 660
BASE RATE PERCENTAGE ADJUSTMENT TO GET UNF-BSMT RATE: 27
BASE RATE PERCENTAGE ADJUSTMENT TO GET S/F-BSMT RATE: 35
BASE RATE PERCENTAGE ADJUSTMENT TO GET FIN-BSMT RATE: 75
BASE RATE PERCENTAGE ADJUSTMENT TO GET FINATTIC RATE: 30
EXTERIOR FINISH RATE ADJUSTMENTS
CODE-ABREV. AMOUNT
1-FRAME 0 2-BRICK 0 3-FR & MAS 0
4-C. BLOCK 0 5-STUCCO 0 6-BD&BATEN 100
7-CEDAR 175 8-SID/SHEA 0 9-METL/GLS 175
10-TILE 0 11-AL/VYN 0 12-ASB/SD -50
13-CMP/SGL -100 14-WD SHG 150 15-LOGS 100
16-PERM/ST 100 17-MASONITE 0 18-CEMBOARD 0
19-BRICK/LC 0 20-BRICK/JB 300
HEAT & AIR COND. RATE ADJUSTMENTS
CODE-ABREV. AMOUNT
1-NONE -300 2-UNITS 0 3-CENTRAL 120
4-HT PUMP 200 5-WINDUNIT 0 6-SOLAR 100
7-FLR/WALL 50 8-ELECT-BB 0 9-CHWATER 400
10-STEAM 170 11-GASPACK 125 12-WOOD -300
13-RADIANT 60 14-HOTWATER 170 15-HOT-AIR 150
16-*BADCODE 0 17-CENT-A/C 100 21-PREFABFP 0
WALL HEIGHTS: 8 10 12 14 16 18 20 22
FACTORS: 0.885 0.921 0.960 1.000 1.041 1.086 1.133 1.181
STORY HGTS: 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00
FACTORS: 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00
442
140
STRUCTURE CLASS: 21-COTTAGE
GRADE- A GRADE- B GRADE- C GRADE- D GRADE- E
AREA RATE AREA RATE AREA RATE AREA RATE AREA RATE
250 67.37 250 55.67 250 43.97 250 40.00 250 36.03
300 63.45 300 53.49 300 43.53 300 38.21 300 32.90
350 60.76 350 51.92 350 43.09 350 36.82 350 30.55
400 59.63 400 51.31 400 43.00 400 36.33 400 29.67
500 58.28 500 49.99 500 41.70 500 35.19 500 28.67
600 56.99 600 48.72 600 40.45 600 34.03 600 27.61
800 54.93 800 46.87 800 38.82 800 32.59 800 26.37
1200 53.46 1200 42.36 1200 37.27 1200 31.44 1200 25.61
FIREPLACE RATES:
3750.00 3050.00 2500.00 2050.00 1250.00
CHIMNEY RATES:
1312.50 1067.50 875.00 717.50 437.50
FULL BATHRATES:
3750 3050 2500 2050 1250
HALF BATHRATES:
2437 1982 1625 1332 812
FIXTURE RATES:
1238 1007 825 677 413
BASE RATE PERCENTAGE ADJUSTMENT TO GET UNF-BSMT RATE: 27
BASE RATE PERCENTAGE ADJUSTMENT TO GET S/F-BSMT RATE: 35
BASE RATE PERCENTAGE ADJUSTMENT TO GET FIN-BSMT RATE: 60
BASE RATE PERCENTAGE ADJUSTMENT TO GET FINATTIC RATE: 30
EXTERIOR FINISH RATE ADJUSTMENTS
CODE-ABREV. AMOUNT
1-FRAME 0 2-BRICK 165 3-FR & MAS 100
4-C. BLOCK -15 5-STUCCO 50 6-BD&BATEN 100
7-CEDAR 175 8-SID/SHEA 0 9-METL/GLS 200
10-TILE 100 11-AL/VYN 50 12-ASB/SD -50
13-CMP/SGL -100 14-WD SHG 100 15-LOGS 100
16-PERM/ST 100 17-MASONITE 0 18-CEMBOARD 125
19-BRICK/LC 70 20-BRICK/JB 225
HEAT & AIR COND. RATE ADJUSTMENTS
CODE-ABREV. AMOUNT
1-NONE -90 2-UNITS 30 3-CENTRAL 125
4-HT PUMP 250 5-WINDUNIT 0 6-SOLAR 150
7-FLR/WALL 50 8-ELECT-BB 50 9-CHWATER 300
10-STEAM 200 11-GASPACK 250 12-WOOD 0
13-RADIANT 90 14-HOTWATER 200 15-HOT-AIR 275
16-*BADCODE 0 17-CENT-A/C 100 21-PREFABFP 75
WALL HEIGHTS: 0 0 0 0 0 0 0 0
FACTORS: 0.000 0.000 0.000 0.000 0.000 0.000 0.000 0.000
STORY HGTS: 1.00 1.25 1.50 1.75 2.00 2.25 2.50 3.00
FACTORS: 1.00 0.96 0.94 0.92 0.82 0.85 0.88 0.91
443
141
STRUCTURE CLASS: 22-TYPICAL OFFICE
GRADE- A GRADE- B GRADE- C GRADE- D GRADE- E
AREA RATE AREA RATE AREA RATE AREA RATE AREA RATE
1000 105.35 1000 85.69 1000 70.24 1000 57.59 1000 35.12
1800 93.60 1800 76.13 1800 62.40 1800 51.17 1800 31.20
2800 83.54 2800 67.95 2800 55.69 2800 45.67 2800 27.85
3800 81.46 3800 66.25 3800 54.31 3800 44.53 3800 27.15
5200 80.98 5200 65.87 5200 53.99 5200 44.27 5200 26.99
6800 80.17 6800 65.21 6800 53.45 6800 43.88 6800 26.72
8400 79.05 8400 64.30 8400 52.70 8400 43.21 8400 26.35
10400 77.50 10400 63.03 10400 51.67 10400 42.37 10400 25.83
FIREPLACE RATES:
6000.00 4880.00 4000.00 3280.00 2000.00
FULL BATHRATES:
6000 4880 4000 3280 2000
HALF BATHRATES:
3900 3172 2600 2132 1300
FIXTURE RATES:
1980 1610 1320 1082 660
BASE RATE PERCENTAGE ADJUSTMENT TO GET UNF-BSMT RATE: 27
BASE RATE PERCENTAGE ADJUSTMENT TO GET S/F-BSMT RATE: 35
BASE RATE PERCENTAGE ADJUSTMENT TO GET FIN-BSMT RATE: 60
BASE RATE PERCENTAGE ADJUSTMENT TO GET FINATTIC RATE: 30
EXTERIOR FINISH RATE ADJUSTMENTS
CODE-ABREV. AMOUNT
1-FRAME 0 2-BRICK 225 3-FR & MAS 100
4-C. BLOCK 0 5-STUCCO 50 6-BD&BATEN 0
7-CEDAR 150 8-SID/SHEA 0 9-METL/GLS 250
10-TILE 100 11-AL/VYN 0 12-ASB/SD -225
13-CMP/SGL -275 14-WD SHG 150 15-LOGS 100
16-PERM/ST 225 17-MASONITE 0 18-CEMBOARD 100
19-BRICK/LC -25 20-BRICK/JB 350
HEAT & AIR COND. RATE ADJUSTMENTS
CODE-ABREV. AMOUNT
1-NONE -350 2-UNITS -250 3-CENTRAL 150
4-HT PUMP 300 5-WINDUNIT 0 6-SOLAR 100
7-FLR/WALL 0 8-ELECT-BB 0 9-CHWATER 300
10-STEAM 100 11-GASPACK 300 12-WOOD -350
13-RADIANT 0 14-HOTWATER 100 15-HOT-AIR 250
16-*BADCODE 0 17-CENT-A/C 125 21-PREFABFP 75
WALL HEIGHTS: 8 9 10 11 12 13 14 15
FACTORS: 0.900 0.928 0.953 0.977 1.000 1.023 1.046 1.069
STORY HGTS: 1.00 1.25 1.50 1.75 2.00 2.25 2.50 3.00
FACTORS: 1.00 1.00 1.00 0.94 0.94 0.95 0.95 0.95
444
142
STRUCTURE CLASS: 23-BARBER SHOP
GRADE- A GRADE- B GRADE- C GRADE- D GRADE- E
AREA RATE AREA RATE AREA RATE AREA RATE AREA RATE
200 80.18 200 65.21 200 53.45 200 43.83 200 26.73
400 78.14 400 63.55 400 52.09 400 42.71 400 26.05
800 76.08 800 61.88 800 50.72 800 41.59 800 25.36
1000 74.06 1000 60.23 1000 49.37 1000 40.48 1000 24.69
1200 70.28 1200 57.16 1200 46.85 1200 38.42 1200 23.43
1500 63.38 1500 51.55 1500 42.25 1500 34.65 1500 21.13
2000 61.34 2000 49.89 2000 40.89 2000 33.53 2000 20.45
3000 60.23 3000 48.98 3000 40.15 3000 32.92 3000 20.08
FIREPLACE RATES:
6000.00 4880.00 4000.00 3280.00 2000.00
FULL BATHRATES:
6000 4880 4000 3280 2000
HALF BATHRATES:
3900 3172 2600 2132 1300
FIXTURE RATES:
1980 1610 1320 1082 660
BASE RATE PERCENTAGE ADJUSTMENT TO GET UNF-BSMT RATE: 27
BASE RATE PERCENTAGE ADJUSTMENT TO GET S/F-BSMT RATE: 35
BASE RATE PERCENTAGE ADJUSTMENT TO GET FIN-BSMT RATE: 60
BASE RATE PERCENTAGE ADJUSTMENT TO GET FINATTIC RATE: 30
EXTERIOR FINISH RATE ADJUSTMENTS
CODE-ABREV. AMOUNT
1-FRAME 0 2-BRICK 250 3-FR & MAS 150
4-C. BLOCK -50 5-STUCCO 50 6-BD&BATEN 0
7-CEDAR 150 8-SID/SHEA 0 9-METL/GLS 150
10-TILE 100 11-AL/VYN 0 12-ASB/SD -150
13-CMP/SGL -200 14-WD SHG 150 15-LOGS 100
16-PERM/ST 300 17-MASONITE 0 18-CEMBOARD 100
19-BRICK/LC -100 20-BRICK/JB 350
HEAT & AIR COND. RATE ADJUSTMENTS
CODE-ABREV. AMOUNT
1-NONE -250 2-UNITS -200 3-CENTRAL 150
4-HT PUMP 300 5-WINDUNIT 0 6-SOLAR 50
7-FLR/WALL -100 8-ELECT-BB 0 9-CHWATER 300
10-STEAM 200 11-GASPACK 300 12-WOOD -200
13-RADIANT 0 14-HOTWATER 200 15-HOT-AIR 275
16-*BADCODE 0 17-CENT-A/C 185 21-PREFABFP 75
WALL HEIGHTS: 8 9 10 11 12 13 14 15
FACTORS: 0.900 0.928 0.953 0.977 1.000 1.023 1.046 1.069
STORY HGTS: 1.00 1.25 1.50 1.75 2.00 2.25 2.50 3.00
FACTORS: 1.00 1.00 0.94 0.94 0.95 0.95 0.95 0.95
445
143
STRUCTURE CLASS: 24-MEDICAL OFFICE
GRADE- A GRADE- B GRADE- C GRADE- D GRADE- E
AREA RATE AREA RATE AREA RATE AREA RATE AREA RATE
1000 134.61 1000 109.48 1000 89.74 1000 73.59 1000 44.87
2000 131.97 2000 107.33 2000 87.98 2000 72.14 2000 43.99
3000 129.38 3000 105.23 3000 86.25 3000 70.73 3000 43.13
4500 126.84 4500 103.16 4500 84.56 4500 69.34 4500 42.28
6500 124.36 6500 101.15 6500 82.91 6500 67.98 6500 41.45
8500 120.62 8500 98.10 8500 80.41 8500 65.94 8500 40.21
11000 115.78 11000 94.17 11000 77.19 11000 63.29 11000 38.59
13000 109.99 13000 89.46 13000 73.33 13000 60.13 13000 36.66
FIREPLACE RATES:
6000.00 4880.00 4000.00 3280.00 2000.00
FULL BATHRATES:
6000 4880 4000 3280 2000
HALF BATHRATES:
3900 3172 2600 2132 1300
FIXTURE RATES:
1980 1610 1320 1082 660
BASE RATE PERCENTAGE ADJUSTMENT TO GET UNF-BSMT RATE: 27
BASE RATE PERCENTAGE ADJUSTMENT TO GET S/F-BSMT RATE: 35
BASE RATE PERCENTAGE ADJUSTMENT TO GET FIN-BSMT RATE: 60
BASE RATE PERCENTAGE ADJUSTMENT TO GET FINATTIC RATE: 30
EXTERIOR FINISH RATE ADJUSTMENTS
CODE-ABREV. AMOUNT
1-FRAME 0 2-BRICK 250 3-FR & MAS 125
4-C. BLOCK 0 5-STUCCO 50 6-BD&BATEN 0
7-CEDAR 150 8-SID/SHEA 0 9-METL/GLS 250
10-TILE 100 11-AL/VYN 0 12-ASB/SD -225
13-CMP/SGL -275 14-WD SHG 150 15-LOGS 100
16-PERM/ST -225 17-MASONITE 0 18-CEMBOARD 100
19-BRICK/LC -50 20-BRICK/JB 350
HEAT & AIR COND. RATE ADJUSTMENTS
CODE-ABREV. AMOUNT
1-NONE -350 2-UNITS -250 3-CENTRAL 150
4-HT PUMP 300 5-WINDUNIT 0 6-SOLAR 100
7-FLR/WALL 0 8-ELECT-BB 0 9-CHWATER 300
10-STEAM 100 11-GASPACK 300 12-WOOD -350
13-RADIANT 0 14-HOTWATER 100 15-HOT-AIR 250
16-*BADCODE 0 17-CENT-A/C 125 21-PREFABFP 75
WALL HEIGHTS: 8 9 10 11 12 13 14 15
FACTORS: 0.900 0.928 0.953 0.977 1.000 1.023 1.046 1.069
STORY HGTS: 1.00 1.25 1.50 1.75 2.00 2.25 2.50 3.00
FACTORS: 1.00 1.00 0.94 0.94 0.95 0.95 0.95 0.95
446
144
STRUCTURE CLASS: 25-FRATERNAL BUILDING
GRADE- A GRADE- B GRADE- C GRADE- D GRADE- E
AREA RATE AREA RATE AREA RATE AREA RATE AREA RATE
500 117.89 500 95.89 500 78.60 500 64.45 500 39.30
1000 112.23 1000 91.28 1000 74.82 1000 61.35 1000 37.41
2000 106.92 2000 86.96 2000 71.28 2000 58.45 2000 35.64
3000 101.56 3000 82.60 3000 67.71 3000 55.52 3000 33.85
4000 96.46 4000 78.45 4000 64.31 4000 52.73 4000 32.15
5000 91.67 5000 74.56 5000 61.12 5000 50.12 5000 30.56
6000 88.89 6000 72.29 6000 59.26 6000 48.59 6000 29.63
7000 86.20 7000 70.11 7000 57.46 7000 47.12 7000 28.73
FIREPLACE RATES:
6000.00 4880.00 4000.00 3280.00 2000.00
CHIMNEY RATES:
2100.00 1708.00 1400.00 1148.00 700.00
FULL BATHRATES:
6000 4880 4000 3280 2000
HALF BATHRATES:
3900 3172 2600 2132 1300
FIXTURE RATES:
1980 1610 1320 1082 660
BASE RATE PERCENTAGE ADJUSTMENT TO GET UNF-BSMT RATE: 27
BASE RATE PERCENTAGE ADJUSTMENT TO GET S/F-BSMT RATE: 35
BASE RATE PERCENTAGE ADJUSTMENT TO GET FIN-BSMT RATE: 55
BASE RATE PERCENTAGE ADJUSTMENT TO GET FINATTIC RATE: 30
EXTERIOR FINISH RATE ADJUSTMENTS
CODE-ABREV. AMOUNT
1-FRAME 0 2-BRICK 250 3-FR & MAS 100
4-C. BLOCK 0 5-STUCCO 50 6-BD&BATEN 0
7-CEDAR 150 8-SID/SHEA 0 9-METL/GLS 250
10-TILE 100 11-AL/VYN 0 12-ASB/SD -225
13-CMP/SGL -275 14-WD SHG 150 15-LOGS 100
16-PERM/ST 225 17-MASONITE 0 18-CEMBOARD 100
19-BRICK/LC 0 20-BRICK/JB 350
HEAT & AIR COND. RATE ADJUSTMENTS
CODE-ABREV. AMOUNT
1-NONE -350 2-UNITS -250 3-CENTRAL 150
4-HT PUMP 300 5-WINDUNIT 0 6-SOLAR 100
7-FLR/WALL 0 8-ELECT-BB 0 9-CHWATER 300
10-STEAM 100 11-GASPACK 300 12-WOOD -350
13-RADIANT 0 14-HOTWATER 100 15-HOT-AIR 250
16-*BADCODE 0 17-CENT-A/C 125 21-PREFABFP 75
WALL HEIGHTS: 8 10 12 14 16 18 20 22
FACTORS: 0.776 0.833 0.889 0.945 1.000 1.054 1.106 1.158
STORY HGTS: 1.00 1.25 1.50 1.75 2.00 2.25 2.50 3.00
FACTORS: 1.00 1.00 0.94 0.94 0.95 0.95 0.95 0.95
447
145
STRUCTURE CLASS: 26-SERVICE GARAGE
GRADE- A GRADE- B GRADE- C GRADE- D GRADE- E
AREA RATE AREA RATE AREA RATE AREA RATE AREA RATE
2000 58.33 2000 47.44 2000 38.88 2000 31.89 2000 19.44
4000 56.63 4000 46.06 4000 37.75 4000 30.96 4000 18.88
6000 54.98 6000 44.72 6000 36.65 6000 30.05 6000 18.33
8000 53.91 8000 43.84 8000 35.94 8000 29.47 8000 17.97
10000 52.85 10000 42.98 10000 35.23 10000 28.89 10000 17.62
12000 51.78 12000 42.11 12000 34.52 12000 28.30 12000 17.26
14000 50.23 14000 40.85 14000 33.48 14000 27.46 14000 16.74
16000 48.21 16000 39.21 16000 32.14 16000 26.36 16000 16.07
FIREPLACE RATES:
0.00 0.00 0.00 0.00 0.00
FULL BATHRATES:
6000 4880 4000 3280 2000
HALF BATHRATES:
3900 3172 2600 2132 1300
FIXTURE RATES:
1980 1610 1320 1082 660
BASE RATE PERCENTAGE ADJUSTMENT TO GET UNF-BSMT RATE: 27
BASE RATE PERCENTAGE ADJUSTMENT TO GET S/F-BSMT RATE: 35
BASE RATE PERCENTAGE ADJUSTMENT TO GET FIN-BSMT RATE: 60
BASE RATE PERCENTAGE ADJUSTMENT TO GET FINATTIC RATE: 30
EXTERIOR FINISH RATE ADJUSTMENTS
CODE-ABREV. AMOUNT
1-FRAME 0 2-BRICK 250 3-FR & MAS 100
4-C. BLOCK 0 5-STUCCO 50 6-BD&BATEN 0
7-CEDAR 100 8-SID/SHEA 0 9-METL/GLS 150
10-TILE 0 11-AL/VYN 0 12-ASB/SD -150
13-CMP/SGL -150 14-WD SHG 150 15-LOGS 100
16-PERM/ST 250 17-MASONITE 0 18-CEMBOARD 200
19-BRICK/LC -50 20-BRICK/JB 350
HEAT & AIR COND. RATE ADJUSTMENTS
CODE-ABREV. AMOUNT
1-NONE -200 2-UNITS -100 3-CENTRAL 175
4-HT PUMP 300 5-WINDUNIT 0 6-SOLAR 0
7-FLR/WALL -100 8-ELECT-BB 0 9-CHWATER 300
10-STEAM 200 11-GASPACK 300 12-WOOD -200
13-RADIANT -100 14-HOTWATER 100 15-HOT-AIR 275
16-*BADCODE 0 17-CENT-A/C 275 21-PREFABFP 0
WALL HEIGHTS: 8 10 12 14 16 18 20 22
FACTORS: 0.885 0.921 0.960 1.000 1.041 1.086 1.133 1.181
STORY HGTS: 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00
FACTORS: 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00
448
146
STRUCTURE CLASS: 27-FOOD MART (MINI)
GRADE- A GRADE- B GRADE- C GRADE- D GRADE- E
AREA RATE AREA RATE AREA RATE AREA RATE AREA RATE
500 139.13 500 113.16 500 92.75 500 76.06 500 46.38
1000 136.42 1000 110.96 1000 90.95 1000 74.58 1000 45.47
1500 133.72 1500 108.76 1500 89.14 1500 73.10 1500 44.57
2000 131.09 2000 106.62 2000 87.40 2000 71.66 2000 43.70
2500 128.54 2500 104.54 2500 85.69 2500 70.27 2500 42.85
3000 125.96 3000 102.45 3000 83.97 3000 68.86 3000 41.99
5000 123.44 5000 100.40 5000 82.29 5000 67.48 5000 41.15
7000 120.96 7000 98.38 7000 80.64 7000 66.13 7000 40.32
FIREPLACE RATES:
0.00 0.00 0.00 0.00 0.00
FULL BATHRATES:
6000 4880 4000 3280 2000
HALF BATHRATES:
3900 3172 2600 2132 1300
FIXTURE RATES:
1980 1610 1320 1082 660
BASE RATE PERCENTAGE ADJUSTMENT TO GET UNF-BSMT RATE: 27
BASE RATE PERCENTAGE ADJUSTMENT TO GET S/F-BSMT RATE: 35
BASE RATE PERCENTAGE ADJUSTMENT TO GET FIN-BSMT RATE: 55
BASE RATE PERCENTAGE ADJUSTMENT TO GET FINATTIC RATE: 30
EXTERIOR FINISH RATE ADJUSTMENTS
CODE-ABREV. AMOUNT
1-FRAME -100 2-BRICK 0 3-FR & MAS 0
4-C. BLOCK -100 5-STUCCO 50 6-BD&BATEN 0
7-CEDAR 100 8-SID/SHEA 0 9-METL/GLS 0
10-TILE 0 11-AL/VYN 0 12-ASB/SD -200
13-CMP/SGL -250 14-WD SHG 150 15-LOGS 100
16-PERM/ST 225 17-MASONITE 0 18-CEMBOARD 0
19-BRICK/LC -50 20-BRICK/JB 350
HEAT & AIR COND. RATE ADJUSTMENTS
CODE-ABREV. AMOUNT
1-NONE -200 2-UNITS -100 3-CENTRAL 0
4-HT PUMP 0 5-WINDUNIT -100 6-SOLAR 150
7-FLR/WALL 0 8-ELECT-BB 0 9-CHWATER 300
10-STEAM 100 11-GASPACK 0 12-WOOD -200
13-RADIANT 0 14-HOTWATER 100 15-HOT-AIR 200
16-*BADCODE 0 17-CENT-A/C 0 21-PREFABFP 0
WALL HEIGHTS: 8 10 12 14 16 18 20 22
FACTORS: 0.885 0.921 0.960 1.000 1.041 1.086 1.133 1.181
STORY HGTS: 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00
FACTORS: 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00
449
147
STRUCTURE CLASS: 28-RETAIL STORE
GRADE- A GRADE- B GRADE- C GRADE- D GRADE- E
AREA RATE AREA RATE AREA RATE AREA RATE AREA RATE
500 93.36 500 75.93 500 62.24 500 51.04 500 31.12
1000 88.90 1000 72.31 1000 59.27 1000 48.60 1000 29.63
1500 84.68 1500 68.87 1500 56.45 1500 46.29 1500 28.23
2000 80.64 2000 65.58 2000 53.76 2000 44.08 2000 26.88
2500 76.81 2500 62.47 2500 51.21 2500 41.99 2500 25.60
3000 75.26 3000 61.21 3000 50.17 3000 41.14 3000 25.09
5000 73.76 5000 59.99 5000 49.17 5000 40.32 5000 24.59
7000 72.29 7000 58.79 7000 48.19 7000 39.52 7000 24.10
FIREPLACE RATES:
0.00 0.00 0.00 0.00 0.00
FULL BATHRATES:
6000 4880 4000 3280 2000
HALF BATHRATES:
3900 3172 2600 2132 1300
FIXTURE RATES:
1980 1610 1320 1082 660
BASE RATE PERCENTAGE ADJUSTMENT TO GET UNF-BSMT RATE: 27
BASE RATE PERCENTAGE ADJUSTMENT TO GET S/F-BSMT RATE: 35
BASE RATE PERCENTAGE ADJUSTMENT TO GET FIN-BSMT RATE: 60
BASE RATE PERCENTAGE ADJUSTMENT TO GET FINATTIC RATE: 30
EXTERIOR FINISH RATE ADJUSTMENTS
CODE-ABREV. AMOUNT
1-FRAME -100 2-BRICK 0 3-FR & MAS 0
4-C. BLOCK 0 5-STUCCO 50 6-BD&BATEN 100
7-CEDAR 100 8-SID/SHEA 0 9-METL/GLS 0
10-TILE 100 11-AL/VYN 0 12-ASB/SD -200
13-CMP/SGL -250 14-WD SHG 100 15-LOGS 100
16-PERM/ST 100 17-MASONITE 0 18-CEMBOARD 0
19-BRICK/LC -50 20-BRICK/JB 350
HEAT & AIR COND. RATE ADJUSTMENTS
CODE-ABREV. AMOUNT
1-NONE -250 2-UNITS -100 3-CENTRAL 150
4-HT PUMP 300 5-WINDUNIT 0 6-SOLAR 100
7-FLR/WALL 100 8-ELECT-BB 0 9-CHWATER 250
10-STEAM 150 11-GASPACK 300 12-WOOD -200
13-RADIANT -100 14-HOTWATER 100 15-HOT-AIR 275
16-*BADCODE 0 17-CENT-A/C 200 21-PREFABFP 75
WALL HEIGHTS: 8 10 11 12 13 14 15 16
FACTORS: 0.915 0.957 0.979 1.000 1.021 1.042 1.064 1.085
STORY HGTS: 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00
FACTORS: 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00
450
148
STRUCTURE CLASS: 29-STORAGE GARAGE
GRADE- A GRADE- B GRADE- C GRADE- D GRADE- E
AREA RATE AREA RATE AREA RATE AREA RATE AREA RATE
2000 41.65 2000 33.87 2000 27.76 2000 22.77 2000 13.88
4000 37.72 4000 30.68 4000 25.15 4000 20.62 4000 12.57
6000 36.43 6000 29.63 6000 24.29 6000 19.92 6000 12.14
8000 35.48 8000 28.85 8000 23.65 8000 19.39 8000 11.83
10000 34.65 10000 28.18 10000 23.10 10000 18.94 10000 11.55
12000 34.30 12000 27.90 12000 22.87 12000 18.75 12000 11.43
14000 33.59 14000 27.32 14000 22.40 14000 18.36 14000 11.20
16000 33.00 16000 26.84 16000 22.00 16000 18.04 16000 11.00
FIREPLACE RATES:
6000.00 4880.00 4000.00 3280.00 2000.00
FULL BATHRATES:
6000 4880 4000 3280 2000
HALF BATHRATES:
3900 3172 2600 2132 1300
FIXTURE RATES:
1980 1610 1320 1082 660
BASE RATE PERCENTAGE ADJUSTMENT TO GET UNF-BSMT RATE: 27
BASE RATE PERCENTAGE ADJUSTMENT TO GET S/F-BSMT RATE: 35
BASE RATE PERCENTAGE ADJUSTMENT TO GET FIN-BSMT RATE: 60
BASE RATE PERCENTAGE ADJUSTMENT TO GET FINATTIC RATE: 30
EXTERIOR FINISH RATE ADJUSTMENTS
CODE-ABREV. AMOUNT
1-FRAME 0 2-BRICK 225 3-FR & MAS 75
4-C. BLOCK 0 5-STUCCO 0 6-BD&BATEN 100
7-CEDAR 150 8-SID/SHEA 0 9-METL/GLS 150
10-TILE 100 11-AL/VYN 0 12-ASB/SD -150
13-CMP/SGL -200 14-WD SHG 150 15-LOGS 100
16-PERM/ST 225 17-MASONITE 0 18-CEMBOARD 150
19-BRICK/LC -50 20-BRICK/JB 350
HEAT & AIR COND. RATE ADJUSTMENTS
CODE-ABREV. AMOUNT
1-NONE 0 2-UNITS -100 3-CENTRAL 150
4-HT PUMP 300 5-WINDUNIT 0 6-SOLAR 100
7-FLR/WALL 100 8-ELECT-BB 0 9-CHWATER 300
10-STEAM 100 11-GASPACK 300 12-WOOD 0
13-RADIANT 0 14-HOTWATER 100 15-HOT-AIR 250
16-*BADCODE 0 17-CENT-A/C 0 21-PREFABFP 75
WALL HEIGHTS: 8 10 12 14 16 18 20 22
FACTORS: 0.885 0.921 0.960 1.000 1.041 1.086 1.133 1.181
STORY HGTS: 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00
FACTORS: 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00
451
149
STRUCTURE CLASS: 30-FEED MILL COMM
GRADE- A GRADE- B GRADE- C GRADE- D GRADE- E
AREA RATE AREA RATE AREA RATE AREA RATE AREA RATE
400 22.64 400 18.41 400 15.09 400 12.38 400 7.55
600 22.41 600 18.22 600 14.94 600 12.25 600 7.47
1000 21.96 1000 17.86 1000 14.64 1000 12.01 1000 7.32
1400 21.55 1400 17.53 1400 14.37 1400 11.78 1400 7.18
1800 21.32 1800 17.34 1800 14.21 1800 11.65 1800 7.11
2500 20.64 2500 16.79 2500 13.76 2500 11.28 2500 6.88
3500 20.26 3500 16.48 3500 13.51 3500 11.08 3500 6.75
5500 19.40 5500 15.78 5500 12.94 5500 10.61 5500 6.47
FIREPLACE RATES:
0.00 0.00 0.00 0.00 0.00
FULL BATHRATES:
6000 4880 4000 3280 2000
HALF BATHRATES:
3900 3172 2600 2132 1300
FIXTURE RATES:
1980 1610 1320 1082 660
BASE RATE PERCENTAGE ADJUSTMENT TO GET UNF-BSMT RATE: 27
BASE RATE PERCENTAGE ADJUSTMENT TO GET S/F-BSMT RATE: 35
BASE RATE PERCENTAGE ADJUSTMENT TO GET FIN-BSMT RATE: 60
BASE RATE PERCENTAGE ADJUSTMENT TO GET FINATTIC RATE: 30
EXTERIOR FINISH RATE ADJUSTMENTS
CODE-ABREV. AMOUNT
1-FRAME 0 2-BRICK 225 3-FR & MAS 100
4-C. BLOCK 0 5-STUCCO 50 6-BD&BATEN 100
7-CEDAR 175 8-SID/SHEA 0 9-METL/GLS 250
10-TILE 100 11-AL/VYN 50 12-ASB/SD -200
13-CMP/SGL -250 14-WD SHG 150 15-LOGS 100
16-PERM/ST 100 17-MASONITE 0 18-CEMBOARD 100
19-BRICK/LC 70 20-BRICK/JB 300
HEAT & AIR COND. RATE ADJUSTMENTS
CODE-ABREV. AMOUNT
1-NONE 0 2-UNITS 30 3-CENTRAL 150
4-HT PUMP 300 5-WINDUNIT 0 6-SOLAR 150
7-FLR/WALL 0 8-ELECT-BB 0 9-CHWATER 300
10-STEAM 200 11-GASPACK 300 12-WOOD 0
13-RADIANT 0 14-HOTWATER 200 15-HOT-AIR 250
16-*BADCODE 0 17-CENT-A/C 125 21-PREFABFP 0
WALL HEIGHTS: 7 8 9 10 11 12 13 14
FACTORS: 0.922 0.947 0.973 1.000 1.027 1.055 1.084 1.114
STORY HGTS: 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00
FACTORS: 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00
452
150
STRUCTURE CLASS: 31-CONVENIENCE MARKET
GRADE- A GRADE- B GRADE- C GRADE- D GRADE- E
AREA RATE AREA RATE AREA RATE AREA RATE AREA RATE
500 90.67 500 73.74 500 60.45 500 49.56 500 30.22
1000 86.36 1000 70.24 1000 57.57 1000 47.21 1000 28.79
1500 83.84 1500 68.19 1500 55.89 1500 45.83 1500 27.95
2000 81.39 2000 66.20 2000 54.26 2000 44.50 2000 27.13
2500 79.04 2500 64.28 2500 52.69 2500 43.21 2500 26.35
3000 78.24 3000 63.64 3000 52.16 3000 42.77 3000 26.08
5000 76.68 5000 62.36 5000 51.12 5000 41.92 5000 25.56
7000 75.14 7000 61.11 7000 50.09 7000 41.08 7000 25.05
FIREPLACE RATES:
6000.00 4880.00 4000.00 3280.00 2000.00
FULL BATHRATES:
6000 4880 4000 3280 2000
HALF BATHRATES:
3900 3172 2600 2132 1300
FIXTURE RATES:
1980 1610 1320 1082 660
BASE RATE PERCENTAGE ADJUSTMENT TO GET UNF-BSMT RATE: 27
BASE RATE PERCENTAGE ADJUSTMENT TO GET S/F-BSMT RATE: 35
BASE RATE PERCENTAGE ADJUSTMENT TO GET FIN-BSMT RATE: 60
BASE RATE PERCENTAGE ADJUSTMENT TO GET FINATTIC RATE: 30
EXTERIOR FINISH RATE ADJUSTMENTS
CODE-ABREV. AMOUNT
1-FRAME -100 2-BRICK 0 3-FR & MAS 0
4-C. BLOCK -100 5-STUCCO 50 6-BD&BATEN 0
7-CEDAR 100 8-SID/SHEA 0 9-METL/GLS 0
10-TILE 0 11-AL/VYN 0 12-ASB/SD -200
13-CMP/SGL -250 14-WD SHG 150 15-LOGS 100
16-PERM/ST 225 17-MASONITE 0 18-CEMBOARD 0
19-BRICK/LC -50 20-BRICK/JB 350
HEAT & AIR COND. RATE ADJUSTMENTS
CODE-ABREV. AMOUNT
1-NONE -200 2-UNITS -100 3-CENTRAL 0
4-HT PUMP 0 5-WINDUNIT -100 6-SOLAR 150
7-FLR/WALL 0 8-ELECT-BB 0 9-CHWATER 300
10-STEAM 100 11-GASPACK 0 12-WOOD -200
13-RADIANT 0 14-HOTWATER 100 15-HOT-AIR 200
16-*BADCODE 0 17-CENT-A/C 0 21-PREFABFP 75
WALL HEIGHTS: 8 10 11 12 13 14 15 16
FACTORS: 0.915 0.957 0.979 1.000 1.021 1.042 1.064 1.085
STORY HGTS: 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00
FACTORS: 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00
453
151
STRUCTURE CLASS: 32-DISCOUNT STORE
GRADE- A GRADE- B GRADE- C GRADE- D GRADE- E
AREA RATE AREA RATE AREA RATE AREA RATE AREA RATE
2000 69.83 2000 56.79 2000 46.55 2000 38.17 2000 23.28
4000 67.14 4000 54.61 4000 44.76 4000 36.70 4000 22.38
7000 64.56 7000 52.51 7000 43.04 7000 35.30 7000 21.52
10000 62.07 10000 50.49 10000 41.38 10000 33.93 10000 20.69
16000 59.70 16000 48.55 16000 39.80 16000 32.63 16000 19.90
20000 56.71 20000 46.12 20000 37.81 20000 31.00 20000 18.90
24000 53.87 24000 43.82 24000 35.92 24000 29.45 24000 17.96
40000 42.00 40000 33.44 40000 32.32 40000 21.08 40000 13.86
FIREPLACE RATES:
0.00 0.00 0.00 0.00 0.00
FULL BATHRATES:
6000 4880 4000 3280 2000
HALF BATHRATES:
3900 3172 2600 2132 1300
FIXTURE RATES:
1980 1610 1320 1082 660
BASE RATE PERCENTAGE ADJUSTMENT TO GET UNF-BSMT RATE: 27
BASE RATE PERCENTAGE ADJUSTMENT TO GET S/F-BSMT RATE: 35
BASE RATE PERCENTAGE ADJUSTMENT TO GET FIN-BSMT RATE: 60
BASE RATE PERCENTAGE ADJUSTMENT TO GET FINATTIC RATE: 30
EXTERIOR FINISH RATE ADJUSTMENTS
CODE-ABREV. AMOUNT
1-FRAME -100 2-BRICK 0 3-FR & MAS 0
4-C. BLOCK 0 5-STUCCO 50 6-BD&BATEN 0
7-CEDAR 100 8-SID/SHEA -100 9-METL/GLS 0
10-TILE 150 11-AL/VYN 0 12-ASB/SD -200
13-CMP/SGL -250 14-WD SHG 200 15-LOGS 100
16-PERM/ST 225 17-MASONITE 0 18-CEMBOARD 0
19-BRICK/LC -50 20-BRICK/JB 350
HEAT & AIR COND. RATE ADJUSTMENTS
CODE-ABREV. AMOUNT
1-NONE -200 2-UNITS -100 3-CENTRAL 0
4-HT PUMP 0 5-WINDUNIT -100 6-SOLAR 150
7-FLR/WALL 0 8-ELECT-BB 0 9-CHWATER 300
10-STEAM 150 11-GASPACK 0 12-WOOD -200
13-RADIANT 0 14-HOTWATER 150 15-HOT-AIR 200
16-*BADCODE 0 17-CENT-A/C 0 21-PREFABFP 0
WALL HEIGHTS: 8 10 11 12 13 14 15 16
FACTORS: 0.915 0.957 0.979 1.000 1.021 1.042 1.064 1.085
STORY HGTS: 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00
FACTORS: 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00
454
152
STRUCTURE CLASS: 33-SUPER MARKET
GRADE- A GRADE- B GRADE- C GRADE- D GRADE- E
AREA RATE AREA RATE AREA RATE AREA RATE AREA RATE
8000 82.34 8000 66.97 8000 54.89 8000 45.01 8000 27.45
10500 81.54 10500 66.32 10500 54.36 10500 44.58 10500 27.18
13000 80.73 13000 65.66 13000 53.82 13000 44.13 13000 26.91
19000 79.94 19000 65.02 19000 53.30 19000 43.70 19000 26.65
30000 76.74 30000 62.42 30000 51.16 30000 41.95 30000 25.58
41000 70.34 41000 57.21 41000 46.89 41000 38.45 41000 23.45
65000 61.55 65000 50.06 65000 41.03 65000 33.64 65000 20.52
75000 60.31 75000 49.05 75000 40.21 75000 32.97 75000 20.10
FIREPLACE RATES:
0.00 0.00 0.00 0.00 0.00
FULL BATHRATES:
6000 4880 4000 3280 2000
HALF BATHRATES:
3900 3172 2600 2132 1300
FIXTURE RATES:
1980 1610 1320 1082 660
BASE RATE PERCENTAGE ADJUSTMENT TO GET UNF-BSMT RATE: 27
BASE RATE PERCENTAGE ADJUSTMENT TO GET S/F-BSMT RATE: 35
BASE RATE PERCENTAGE ADJUSTMENT TO GET FIN-BSMT RATE: 60
BASE RATE PERCENTAGE ADJUSTMENT TO GET FINATTIC RATE: 30
EXTERIOR FINISH RATE ADJUSTMENTS
CODE-ABREV. AMOUNT
1-FRAME -100 2-BRICK 0 3-FR & MAS 0
4-C. BLOCK 0 5-STUCCO 50 6-BD&BATEN 0
7-CEDAR 100 8-SID/SHEA -100 9-METL/GLS 0
10-TILE 150 11-AL/VYN 0 12-ASB/SD -200
13-CMP/SGL -250 14-WD SHG 100 15-LOGS 100
16-PERM/ST 225 17-MASONITE 0 18-CEMBOARD 0
19-BRICK/LC -50 20-BRICK/JB 350
HEAT & AIR COND. RATE ADJUSTMENTS
CODE-ABREV. AMOUNT
1-NONE -200 2-UNITS -100 3-CENTRAL 0
4-HT PUMP 0 5-WINDUNIT -100 6-SOLAR 150
7-FLR/WALL 0 8-ELECT-BB 0 9-CHWATER 300
10-STEAM 150 11-GASPACK 0 12-WOOD -200
13-RADIANT 0 14-HOTWATER 150 15-HOT-AIR 200
16-*BADCODE 0 17-CENT-A/C 0 18-*BADCODE 0
19-*BADCODE 0 21-PREFABFP 0
WALL HEIGHTS: 8 10 11 12 13 14 15 16
FACTORS: 0.915 0.957 0.979 1.000 1.021 1.042 1.064 1.085
STORY HGTS: 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00
FACTORS: 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00
455
153
STRUCTURE CLASS: 34-COMMERCIAL
GRADE- A GRADE- B GRADE- C GRADE- D GRADE- E
AREA RATE AREA RATE AREA RATE AREA RATE AREA RATE
500 37.97 500 30.88 500 25.31 500 20.76 500 12.66
1400 34.55 1400 28.10 1400 23.03 1400 18.89 1400 11.52
2600 31.99 2600 26.02 2600 21.33 2600 17.49 2600 10.66
4600 28.71 4600 23.35 4600 19.14 4600 15.69 4600 9.57
7000 26.38 7000 21.46 7000 17.59 7000 14.42 7000 8.79
10000 23.96 10000 19.49 10000 15.97 10000 13.10 10000 7.99
15000 22.41 15000 18.22 15000 14.94 15000 12.25 15000 7.47
20000 21.38 20000 17.39 20000 14.26 20000 11.69 20000 7.13
FIREPLACE RATES:
6000.00 4880.00 4000.00 3280.00 2000.00
CHIMNEY RATES:
2100.00 1708.00 1400.00 1148.00 700.00
FULL BATHRATES:
6000 4880 4000 3280 2000
HALF BATHRATES:
3900 3172 2600 2132 1300
FIXTURE RATES:
1980 1610 1320 1082 660
BASE RATE PERCENTAGE ADJUSTMENT TO GET UNF-BSMT RATE: 27
BASE RATE PERCENTAGE ADJUSTMENT TO GET S/F-BSMT RATE: 35
BASE RATE PERCENTAGE ADJUSTMENT TO GET FIN-BSMT RATE: 60
BASE RATE PERCENTAGE ADJUSTMENT TO GET FINATTIC RATE: 30
EXTERIOR FINISH RATE ADJUSTMENTS
CODE-ABREV. AMOUNT
1-FRAME 0 2-BRICK 0 3-FR & MAS 0
4-C. BLOCK 0 5-STUCCO 50 6-BD&BATEN 0
7-CEDAR 100 8-SID/SHEA 0 9-METL/GLS 250
10-TILE 150 11-AL/VYN 0 12-ASB/SD -200
13-CMP/SGL -250 14-WD SHG 150 15-LOGS 100
16-PERM/ST 225 17-MASONITE 0 18-CEMBOARD 0
19-BRICK/LC -50 20-BRICK/JB 350
HEAT & AIR COND. RATE ADJUSTMENTS
CODE-ABREV. AMOUNT
1-NONE -200 2-UNITS 50 3-CENTRAL 150
4-HT PUMP 250 5-WINDUNIT 0 6-SOLAR 100
7-FLR/WALL 0 8-ELECT-BB 0 9-CHWATER 300
10-STEAM 100 11-GASPACK 250 12-WOOD -200
13-RADIANT 0 14-HOTWATER 100 15-HOT-AIR 200
16-*BADCODE 0 17-CENT-A/C 125 21-PREFABFP 75
19-*BADCODE 0 20-*BADCODE 0
WALL HEIGHTS: 8 10 12 14 16 18 20 22
FACTORS: 0.885 0.921 0.960 1.000 1.041 1.086 1.133 1.181
STORY HGTS: 1.00 1.50 2.00 2.50 3.00 4.00 5.00 6.00
FACTORS: 1.00 0.95 0.90 0.92 0.94 0.96 0.98 1.00
456
154
STRUCTURE CLASS: 35-MINI WAREHOUSE
GRADE- A GRADE- B GRADE- C GRADE- D GRADE- E
AREA RATE AREA RATE AREA RATE AREA RATE AREA RATE
800 36.98 800 30.07 800 24.65 800 20.21 800 12.33
1100 36.25 1100 29.48 1100 24.17 1100 19.82 1100 12.08
1350 35.54 1350 28.91 1350 23.69 1350 19.43 1350 11.85
1800 34.85 1800 28.34 1800 23.23 1800 19.05 1800 11.62
2300 34.17 2300 27.79 2300 22.78 2300 18.68 2300 11.39
3000 33.83 3000 27.51 3000 22.55 3000 18.49 3000 11.28
4000 33.48 4000 27.23 4000 22.32 4000 18.30 4000 11.16
5000 32.82 5000 26.69 5000 21.88 5000 17.94 5000 10.94
FIREPLACE RATES:
0.00 0.00 0.00 0.00 0.00
FULL BATHRATES:
6000 4880 4000 3280 2000
HALF BATHRATES:
3900 3172 2600 2132 1300
FIXTURE RATES:
1980 1610 1320 1082 660
BASE RATE PERCENTAGE ADJUSTMENT TO GET UNF-BSMT RATE: 27
BASE RATE PERCENTAGE ADJUSTMENT TO GET S/F-BSMT RATE: 35
BASE RATE PERCENTAGE ADJUSTMENT TO GET FIN-BSMT RATE: 60
BASE RATE PERCENTAGE ADJUSTMENT TO GET FINATTIC RATE: 30
EXTERIOR FINISH RATE ADJUSTMENTS
CODE-ABREV. AMOUNT
1-FRAME -100 2-BRICK 100 3-FR & MAS 0
4-C. BLOCK 0 5-STUCCO 50 6-BD&BATEN 100
7-CEDAR 100 8-SID/SHEA -100 9-METL/GLS 250
10-TILE 150 11-AL/VYN 0 12-ASB/SD -200
13-CMP/SGL -250 14-WD SHG 150 15-LOGS 100
16-PERM/ST 225 17-MASONITE 0 18-CEMBOARD 0
19-BRICK/LC -50 20-BRICK/JB 350
HEAT & AIR COND. RATE ADJUSTMENTS
CODE-ABREV. AMOUNT
1-NONE 0 2-UNITS 30 3-CENTRAL 150
4-HT PUMP 300 5-WINDUNIT 0 6-SOLAR 0
7-FLR/WALL 0 8-ELECT-BB 0 9-CHWATER 300
10-STEAM 200 11-GASPACK 300 12-WOOD 0
13-RADIANT 100 14-HOTWATER 200 15-HOT-AIR 0
16-*BADCODE 0 17-CENT-A/C 125 21-PREFABFP 0
19-*BADCODE 0 20-*BADCODE 0
WALL HEIGHTS: 7 8 9 10 11 12 13 14
FACTORS: 0.922 0.947 0.973 1.000 1.027 1.055 1.084 1.114
STORY HGTS: 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00
FACTORS: 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00
457
155
STRUCTURE CLASS: 36-NEIGHBORHOOD SHOPPING CENTER
GRADE- A GRADE- B GRADE- C GRADE- D GRADE- E
AREA RATE AREA RATE AREA RATE AREA RATE AREA RATE
2000 87.15 2000 70.88 2000 58.10 2000 47.64 2000 29.05
4000 85.44 4000 69.49 4000 56.96 4000 46.71 4000 28.48
6000 83.77 6000 68.13 6000 55.85 6000 45.79 6000 27.92
8000 82.10 8000 66.78 8000 54.74 8000 44.88 8000 27.37
10000 80.52 10000 65.49 10000 53.68 10000 44.02 10000 26.84
14000 77.29 14000 62.86 14000 51.52 14000 42.25 14000 25.76
16000 74.20 16000 60.35 16000 49.47 16000 40.56 16000 24.73
18000 71.23 18000 57.93 18000 47.49 18000 38.94 18000 23.74
FIREPLACE RATES:
0.00 0.00 0.00 0.00 0.00
FULL BATHRATES:
6000 4880 4000 3280 2000
HALF BATHRATES:
3900 3172 2600 2132 1300
FIXTURE RATES:
1980 1610 1320 1082 660
BASE RATE PERCENTAGE ADJUSTMENT TO GET UNF-BSMT RATE: 27
BASE RATE PERCENTAGE ADJUSTMENT TO GET S/F-BSMT RATE: 35
BASE RATE PERCENTAGE ADJUSTMENT TO GET FIN-BSMT RATE: 60
BASE RATE PERCENTAGE ADJUSTMENT TO GET FINATTIC RATE: 30
EXTERIOR FINISH RATE ADJUSTMENTS
CODE-ABREV. AMOUNT
1-FRAME -100 2-BRICK 0 3-FR & MAS 0
4-C. BLOCK 0 5-STUCCO 50 6-BD&BATEN 0
7-CEDAR 100 8-SID/SHEA -100 9-METL/GLS 0
10-TILE 150 11-AL/VYN 0 12-ASB/SD -200
13-CMP/SGL -250 14-WD SHG 100 15-LOGS 225
16-PERM/ST 0 17-MASONITE 0 18-CEMBOARD -50
19-BRICK/LC -50 20-BRICK/JB 350
HEAT & AIR COND. RATE ADJUSTMENTS
CODE-ABREV. AMOUNT
1-NONE -200 2-UNITS -100 3-CENTRAL 0
4-HT PUMP 0 5-WINDUNIT -100 6-SOLAR 150
7-FLR/WALL 0 8-ELECT-BB 0 9-CHWATER 300
10-STEAM 150 11-GASPACK 0 12-WOOD -250
13-RADIANT 0 14-HOTWATER 150 15-HOT-AIR 200
16-*BADCODE 0 17-CENT-A/C 0 21-PREFABFP 0
WALL HEIGHTS: 8 10 11 12 13 14 15 16
FACTORS: 0.915 0.957 0.979 1.000 1.021 1.042 1.064 1.085
STORY HGTS: 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00
FACTORS: 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00
458
156
STRUCTURE CLASS: 37-WAREHOUSE STORAGE
GRADE- A GRADE- B GRADE- C GRADE- D GRADE- E
AREA RATE AREA RATE AREA RATE AREA RATE AREA RATE
5000 38.86 5000 31.60 5000 25.91 5000 21.24 5000 12.95
10000 38.10 10000 30.99 10000 25.40 10000 20.83 10000 12.70
15000 37.36 15000 30.38 15000 24.90 15000 20.42 15000 12.45
20000 36.63 20000 29.79 20000 24.42 20000 20.02 20000 12.21
25000 35.90 25000 29.20 25000 23.94 25000 19.63 25000 11.97
30000 34.11 30000 27.74 30000 22.74 30000 18.64 30000 11.37
40000 32.39 40000 26.34 40000 21.59 40000 17.71 40000 10.80
50000 30.77 50000 25.03 50000 20.52 50000 16.82 50000 10.26
FIREPLACE RATES:
0.00 0.00 0.00 0.00 0.00
FULL BATHRATES:
6000 4880 4000 3280 2000
HALF BATHRATES:
3900 3172 2600 2132 1300
FIXTURE RATES:
1980 1610 1320 1082 660
BASE RATE PERCENTAGE ADJUSTMENT TO GET UNF-BSMT RATE: 27
BASE RATE PERCENTAGE ADJUSTMENT TO GET S/F-BSMT RATE: 35
BASE RATE PERCENTAGE ADJUSTMENT TO GET FIN-BSMT RATE: 60
BASE RATE PERCENTAGE ADJUSTMENT TO GET FINATTIC RATE: 30
EXTERIOR FINISH RATE ADJUSTMENTS
CODE-ABREV. AMOUNT
1-FRAME 0 2-BRICK 225 3-FR & MAS 100
4-C. BLOCK 0 5-STUCCO 50 6-BD&BATEN 150
7-CEDAR 150 8-SID/SHEA 0 9-METL/GLS 150
10-TILE 100 11-AL/VYN 100 12-ASB/SD -200
13-CMP/SGL -250 14-WD SHG 150 15-LOGS 100
16-PERM/ST 225 17-MASONITE 0 18-CEMBOARD 150
19-BRICK/LC -25 20-BRICK/JB 350
HEAT & AIR COND. RATE ADJUSTMENTS
CODE-ABREV. AMOUNT
1-NONE 0 2-UNITS 50 3-CENTRAL 150
4-HT PUMP 300 5-WINDUNIT 0 6-SOLAR 0
7-FLR/WALL 0 8-ELECT-BB 50 9-CHWATER 300
10-STEAM 200 11-GASPACK 300 12-WOOD 0
13-RADIANT 90 14-HOTWATER 200 15-HOT-AIR 0
16-*BADCODE 0 17-CENT-A/C 175 21-PREFABFP 0
WALL HEIGHTS: 8 10 12 14 16 18 20 22
FACTORS: 0.885 0.921 0.960 1.000 1.041 1.086 1.133 1.181
STORY HGTS: 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00
FACTORS: 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00
459
157
STRUCTURE CLASS: 38-WAREHOUSE TRANSIT
GRADE- A GRADE- B GRADE- C GRADE- D GRADE- E
AREA RATE AREA RATE AREA RATE AREA RATE AREA RATE
5000 48.69 5000 39.60 5000 32.46 5000 26.62 5000 16.23
6000 47.73 6000 38.82 6000 31.82 6000 26.09 6000 15.91
8000 47.03 8000 38.25 8000 31.35 8000 25.71 8000 15.68
10000 46.41 10000 37.75 10000 30.94 10000 25.37 10000 15.47
12000 45.05 12000 36.64 12000 30.03 12000 24.62 12000 15.02
15000 42.62 15000 34.66 15000 28.41 15000 23.30 15000 14.21
20000 39.32 20000 31.98 20000 26.21 20000 21.49 20000 13.11
25000 35.36 25000 28.76 25000 23.57 25000 19.33 25000 11.79
FIREPLACE RATES:
0.00 0.00 0.00 0.00 0.00
FULL BATHRATES:
6000 4880 4000 3280 2000
HALF BATHRATES:
3900 3172 2600 2132 1300
FIXTURE RATES:
1980 1610 1320 1082 660
BASE RATE PERCENTAGE ADJUSTMENT TO GET UNF-BSMT RATE: 27
BASE RATE PERCENTAGE ADJUSTMENT TO GET S/F-BSMT RATE: 35
BASE RATE PERCENTAGE ADJUSTMENT TO GET FIN-BSMT RATE: 55
BASE RATE PERCENTAGE ADJUSTMENT TO GET FINATTIC RATE: 30
EXTERIOR FINISH RATE ADJUSTMENTS
CODE-ABREV. AMOUNT
1-FRAME 0 2-BRICK 225 3-FR & MAS 100
4-C. BLOCK 0 5-STUCCO 50 6-BD&BATEN 150
7-CEDAR 150 8-SID/SHEA 0 9-METL/GLS 150
10-TILE 100 11-AL/VYN 100 12-ASB/SD -200
13-CMP/SGL -250 15-LOGS 150 15-LOGS 100
16-PERM/ST 225 17-MASONITE 0 18-CEMBOARD 150
19-BRICK/LC -25 20-BRICK/JB 350
HEAT & AIR COND. RATE ADJUSTMENTS
CODE-ABREV. AMOUNT
1-NONE 0 2-UNITS 50 3-CENTRAL 150
4-HT PUMP 300 5-WINDUNIT 0 6-SOLAR 0
7-FLR/WALL 0 8-ELECT-BB 50 9-CHWATER 300
10-STEAM 200 11-GASPACK 300 13-RADIANT 90
14-HOTWATER 200 17-CENT-A/C 175 21-PREFABFP 0
WALL HEIGHTS: 8 10 12 14 16 18 20 22
FACTORS: 0.885 0.921 0.960 1.000 1.041 1.086 1.133 1.181
STORY HGTS: 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00
FACTORS: 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00
460
158
STRUCTURE CLASS: 39-WAREHOUSE DISTRIBUTION
GRADE- A GRADE- B GRADE- C GRADE- D GRADE- E
AREA RATE AREA RATE AREA RATE AREA RATE AREA RATE
5000 39.52 5000 32.14 5000 26.35 5000 21.60 5000 13.17
6000 38.00 6000 30.91 6000 25.33 6000 20.77 6000 12.67
8000 36.55 8000 29.73 8000 24.37 8000 19.98 8000 12.18
10000 35.15 10000 28.58 10000 23.43 10000 19.21 10000 11.72
12000 34.44 12000 28.01 12000 22.96 12000 18.82 12000 11.48
15000 33.40 15000 27.16 15000 22.26 15000 18.26 15000 11.13
20000 32.06 20000 26.08 20000 21.37 20000 17.53 20000 10.69
25000 30.46 25000 24.77 25000 20.31 25000 16.65 25000 10.15
FIREPLACE RATES:
0.00 0.00 0.00 0.00 0.00
FULL BATHRATES:
6000 4880 4000 3280 2000
HALF BATHRATES:
3900 3172 2600 2132 1300
FIXTURE RATES:
1980 1610 1320 1082 660
BASE RATE PERCENTAGE ADJUSTMENT TO GET UNF-BSMT RATE: 27
BASE RATE PERCENTAGE ADJUSTMENT TO GET S/F-BSMT RATE: 35
BASE RATE PERCENTAGE ADJUSTMENT TO GET FIN-BSMT RATE: 55
BASE RATE PERCENTAGE ADJUSTMENT TO GET FINATTIC RATE: 30
EXTERIOR FINISH RATE ADJUSTMENTS
CODE-ABREV. AMOUNT
1-FRAME 0 2-BRICK 225 3-FR & MAS 100
4-C. BLOCK 0 5-STUCCO 50 6-BD&BATEN 150
7-CEDAR 150 8-SID/SHEA 0 9-METL/GLS 150
10-TILE 100 11-AL/VYN 100 12-ASB/SD -200
13-CMP/SGL -250 14-WD SHG 150 15-LOGS 100
16-PERM/ST 225 17-MASONITE 0 18-CEMBOARD 150
19-BRICK/LC -25 20-BRICK/JB 350
HEAT & AIR COND. RATE ADJUSTMENTS
CODE-ABREV. AMOUNT
1-NONE 0 2-UNITS 50 3-CENTRAL 150
4-HT PUMP 300 5-WINDUNIT 0 6-SOLAR 0
7-FLR/WALL 0 8-ELECT-BB 50 9-CHWATER 300
10-STEAM 200 11-GASPACK 300 12-WOOD 0
13-RADIANT 90 14-HOTWATER 200 15-HOT-AIR 0
16-*BADCODE 0 17-CENT-A/C 175 21-PREFABFP 0
WALL HEIGHTS: 8 10 12 14 16 18 20 22
FACTORS: 0.885 0.921 0.960 1.000 1.041 1.086 1.133 1.181
STORY HGTS: 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00
FACTORS: 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00
461
159
STRUCTURE CLASS: 40-WAREHOUSE TOBACCO
GRADE- A GRADE- B GRADE- C GRADE- D GRADE- E
AREA RATE AREA RATE AREA RATE AREA RATE AREA RATE
10000 25.13 10000 20.44 10000 16.75 10000 13.74 10000 8.38
20000 24.12 20000 19.62 20000 16.08 20000 13.19 20000 8.04
30000 23.17 30000 18.84 30000 15.44 30000 12.66 30000 7.72
40000 22.23 40000 18.08 40000 14.82 40000 12.15 40000 7.41
50000 21.33 50000 17.35 50000 14.22 50000 11.66 50000 7.11
60000 20.26 60000 16.48 60000 13.51 60000 11.08 60000 6.75
70000 19.26 70000 15.66 70000 12.84 70000 10.53 70000 6.42
80000 18.30 80000 14.88 80000 12.20 80000 10.00 80000 6.10
FIREPLACE RATES:
0.00 0.00 0.00 0.00 0.00
FULL BATHRATES:
6000 4880 4000 3280 2000
HALF BATHRATES:
3900 3172 2600 2132 1300
FIXTURE RATES:
1980 1610 1320 1082 660
BASE RATE PERCENTAGE ADJUSTMENT TO GET UNF-BSMT RATE: 27
BASE RATE PERCENTAGE ADJUSTMENT TO GET S/F-BSMT RATE: 35
BASE RATE PERCENTAGE ADJUSTMENT TO GET FIN-BSMT RATE: 55
BASE RATE PERCENTAGE ADJUSTMENT TO GET FINATTIC RATE: 30
EXTERIOR FINISH RATE ADJUSTMENTS
CODE-ABREV. AMOUNT
1-FRAME 0 2-BRICK 225 3-FR & MAS 75
4-C. BLOCK 0 5-STUCCO 50 6-BD&BATEN 100
7-CEDAR 150 8-SID/SHEA 0 9-METL/GLS 150
10-TILE 100 11-AL/VYN 0 12-ASB/SD -200
13-CMP/SGL -250 14-WD SHG 150 15-LOGS 100
16-PERM/ST 225 17-MASONITE 0 18-CEMBOARD 150
19-BRICK/LC -25 20-BRICK/JB 350
HEAT & AIR COND. RATE ADJUSTMENTS
CODE-ABREV. AMOUNT
1-NONE 0 2-UNITS 50 3-CENTRAL 150
4-HT PUMP 300 5-WINDUNIT 0 6-SOLAR 0
7-FLR/WALL 0 8-ELECT-BB 50 9-CHWATER 300
10-STEAM 200 11-GASPACK 300 12-WOOD 0
13-RADIANT 90 14-HOTWATER 200 15-HOT-AIR 0
16-*BADCODE 0 17-CENT-A/C 175 21-PREFABFP 0
WALL HEIGHTS: 8 10 12 14 16 18 20 22
FACTORS: 0.885 0.921 0.960 1.000 1.041 1.086 1.133 1.181
STORY HGTS: 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00
FACTORS: 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00
462
160
STRUCTURE CLASS: 41-VETERINARY HOSPITAL
GRADE- A GRADE- B GRADE- C GRADE- D GRADE- E
AREA RATE AREA RATE AREA RATE AREA RATE AREA RATE
1000 127.81 1000 103.95 1000 85.21 1000 69.87 1000 42.60
2000 125.30 2000 101.91 2000 83.53 2000 68.50 2000 41.77
3000 122.86 3000 99.93 3000 81.91 3000 67.16 3000 40.95
4000 120.45 4000 97.97 4000 80.30 4000 65.85 4000 40.15
5000 118.04 5000 96.01 5000 78.69 5000 64.53 5000 39.35
6000 115.67 6000 94.07 6000 77.11 6000 63.23 6000 38.56
7000 112.20 7000 91.26 7000 74.80 7000 61.34 7000 37.40
8000 108.85 8000 88.53 8000 72.57 8000 59.50 8000 36.28
FIREPLACE RATES:
6000.00 4880.00 4000.00 3280.00 2000.00
CHIMNEY RATES:
2100.00 1708.00 1400.00 1148.00 700.00
FULL BATHRATES:
6000 4880 4000 3280 2000
HALF BATHRATES:
3900 3172 2600 2132 1300
FIXTURE RATES:
1980 1610 1320 1082 660
BASE RATE PERCENTAGE ADJUSTMENT TO GET UNF-BSMT RATE: 27
BASE RATE PERCENTAGE ADJUSTMENT TO GET S/F-BSMT RATE: 35
BASE RATE PERCENTAGE ADJUSTMENT TO GET FIN-BSMT RATE: 60
BASE RATE PERCENTAGE ADJUSTMENT TO GET FINATTIC RATE: 30
EXTERIOR FINISH RATE ADJUSTMENTS
CODE-ABREV. AMOUNT
1-FRAME -100 2-BRICK 0 3-FR & MAS 0
4-C. BLOCK -50 5-STUCCO 50 6-BD&BATEN 100
7-CEDAR 100 8-SID/SHEA -100 9-METL/GLS 150
10-TILE 100 11-AL/VYN 0 12-ASB/SD -200
13-CMP/SGL -250 14-WD SHG 150 15-LOGS 100
16-PERM/ST 225 17-MASONITE 0 18-CEMBOARD 100
19-BRICK/LC -50 20-BRICK/JB 350
HEAT & AIR COND. RATE ADJUSTMENTS
CODE-ABREV. AMOUNT
1-NONE -200 2-UNITS -100 3-CENTRAL 0
4-HT PUMP 0 5-WINDUNIT -100 6-SOLAR 150
7-FLR/WALL 0 8-ELECT-BB 0 9-CHWATER 300
10-STEAM 100 11-GASPACK 0 12-WOOD -200
13-RADIANT 0 14-HOTWATER 100 15-HOT-AIR 200
16-*BADCODE 0 17-CENT-A/C 0 18-*BADCODE 0
19-*BADCODE 0 21-PREFABFP 75
WALL HEIGHTS: 8 9 10 11 12 13 14 15
FACTORS: 0.900 0.928 0.953 0.977 1.000 1.023 1.046 1.069
STORY HGTS: 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00
FACTORS: 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00
463
161
STRUCTURE CLASS: 42-POST OFFICE
GRADE- A GRADE- B GRADE- C GRADE- D GRADE- E
AREA RATE AREA RATE AREA RATE AREA RATE AREA RATE
1000 127.96 1000 104.07 1000 85.31 1000 69.95 1000 42.65
3500 127.05 3500 103.33 3500 84.70 3500 69.45 3500 42.35
6000 124.92 6000 101.60 6000 83.28 6000 68.29 6000 41.64
8500 121.18 8500 98.56 8500 80.78 8500 66.24 8500 40.39
11000 114.68 11000 93.27 11000 76.45 11000 62.69 11000 38.23
13500 105.24 13500 85.59 13500 70.16 13500 57.53 13500 35.08
16000 92.24 16000 75.02 16000 61.49 16000 50.42 16000 30.75
19000 78.77 19000 64.07 19000 52.51 19000 43.06 19000 26.26
FIREPLACE RATES:
0.00 0.00 0.00 0.00 0.00
FULL BATHRATES:
6000 4880 4000 3280 2000
HALF BATHRATES:
3900 3172 2600 2132 1300
FIXTURE RATES:
1980 1610 1320 1082 660
BASE RATE PERCENTAGE ADJUSTMENT TO GET UNF-BSMT RATE: 27
BASE RATE PERCENTAGE ADJUSTMENT TO GET S/F-BSMT RATE: 35
BASE RATE PERCENTAGE ADJUSTMENT TO GET FIN-BSMT RATE: 60
BASE RATE PERCENTAGE ADJUSTMENT TO GET FINATTIC RATE: 30
EXTERIOR FINISH RATE ADJUSTMENTS
CODE-ABREV. AMOUNT
1-FRAME -200 2-BRICK 0 3-FR & MAS 75
4-C. BLOCK -100 5-STUCCO 50 6-BD&BATEN 100
7-CEDAR 100 8-SID/SHEA -100 9-METL/GLS 150
10-TILE 100 11-AL/VYN 0 12-ASB/SD -200
13-CMP/SGL -250 14-WD SHG 150 15-LOGS 100
16-PERM/ST 225 17-MASONITE 0 18-CEMBOARD 100
19-BRICK/LC -50 20-BRICK/JB 350
HEAT & AIR COND. RATE ADJUSTMENTS
CODE-ABREV. AMOUNT
1-NONE -250 2-UNITS 0 3-CENTRAL 0
4-HT PUMP 0 5-WINDUNIT -150 6-SOLAR 150
7-FLR/WALL 0 8-ELECT-BB 0 9-CHWATER 300
10-STEAM 100 11-GASPACK 0 12-WOOD -250
13-RADIANT 0 14-HOTWATER 150 15-HOT-AIR 200
16-*BADCODE 0 17-CENT-A/C 0 18-*BADCODE 0
19-*BADCODE 0 21-PREFABFP 0
WALL HEIGHTS: 8 10 12 14 16 18 20 22
FACTORS: 0.885 0.921 0.960 1.000 1.041 1.086 1.133 1.181
STORY HGTS: 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00
FACTORS: 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00
464
162
STRUCTURE CLASS: 43-SOLARIUM
GRADE- A GRADE- B GRADE- C GRADE- D GRADE- E
AREA RATE AREA RATE AREA RATE AREA RATE AREA RATE
40 144.77 40 130.32 40 108.60 40 86.88 40 71.68
90 142.17 90 127.99 90 106.66 90 85.32 90 70.39
140 134.52 140 121.10 140 100.91 140 80.73 140 66.60
200 123.45 200 111.13 200 92.61 200 74.09 200 61.12
300 108.21 300 97.42 300 81.18 300 64.94 300 53.58
450 92.44 450 83.21 450 69.34 450 55.48 450 45.77
700 76.94 700 69.26 700 57.72 700 46.17 700 38.09
1000 62.76 1000 56.50 1000 47.08 1000 37.66 1000 31.07
FIREPLACE RATES:
6000.00 4880.00 4000.00 3280.00 2000.00
FULL BATHRATES:
6000 4880 4000 3280 2000
HALF BATHRATES:
3900 3172 2600 2132 1300
FIXTURE RATES:
1980 1610 1320 1082 660
BASE RATE PERCENTAGE ADJUSTMENT TO GET UNF-BSMT RATE: 27
BASE RATE PERCENTAGE ADJUSTMENT TO GET S/F-BSMT RATE: 35
BASE RATE PERCENTAGE ADJUSTMENT TO GET FIN-BSMT RATE: 60
BASE RATE PERCENTAGE ADJUSTMENT TO GET FINATTIC RATE: 30
EXTERIOR FINISH RATE ADJUSTMENTS
CODE-ABREV. AMOUNT
0- 0
HEAT & AIR COND. RATE ADJUSTMENTS
CODE-ABREV. AMOUNT
1-NONE -200 2-UNITS -150 3-CENTRAL 0
4-HT PUMP 0 5-WINDUNIT -200 6-SOLAR 0
7-FLR/WALL -100 8-ELECT-BB 0 9-CHWATER 300
10-STEAM 200 11-GASPACK 0 12-WOOD 0
13-RADIANT -75 14-HOTWATER 75 15-HOT-AIR 0
21-PREFABFP 75
WALL HEIGHTS: 0 0 0 0 0 0 0 0
FACTORS: 0.000 0.000 0.000 0.000 0.000 0.000 0.000 0.000
STORY HGTS: 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00
FACTORS: 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00
465
163
STRUCTURE CLASS: 44-CLUB HOUSE
GRADE- A GRADE- B GRADE- C GRADE- D GRADE- E
AREA RATE AREA RATE AREA RATE AREA RATE AREA RATE
1500 101.05 1500 82.18 1500 67.36 1500 55.24 1500 33.68
2000 82.80 2000 67.34 2000 55.20 2000 45.26 2000 27.60
2500 76.03 2500 61.84 2500 50.69 2500 41.56 2500 25.34
3000 72.91 3000 59.30 3000 48.61 3000 39.86 3000 24.30
4000 71.09 4000 57.82 4000 47.39 4000 38.86 4000 23.70
5000 69.72 5000 56.71 5000 46.48 5000 38.11 5000 23.24
6000 68.88 6000 56.03 6000 45.92 6000 37.66 6000 22.96
7000 68.28 7000 55.53 7000 45.52 7000 37.32 7000 22.76
FIREPLACE RATES:
6000.00 4880.00 4000.00 3280.00 2000.00
CHIMNEY RATES:
2100.00 1708.00 1400.00 1148.00 700.00
FULL BATHRATES:
6000 4880 4000 3280 2000
HALF BATHRATES:
3900 3172 2600 2132 1300
FIXTURE RATES:
1980 1610 1320 1082 660
BASE RATE PERCENTAGE ADJUSTMENT TO GET UNF-BSMT RATE: 27
BASE RATE PERCENTAGE ADJUSTMENT TO GET S/F-BSMT RATE: 35
BASE RATE PERCENTAGE ADJUSTMENT TO GET FIN-BSMT RATE: 60
BASE RATE PERCENTAGE ADJUSTMENT TO GET FINATTIC RATE: 30
EXTERIOR FINISH RATE ADJUSTMENTS
CODE-ABREV. AMOUNT
1-FRAME 0 2-BRICK 250 3-FR & MAS 100
4-C. BLOCK 0 5-STUCCO 50 6-BD&BATEN 100
7-CEDAR 150 8-SID/SHEA 0 9-METL/GLS 200
10-TILE 100 11-AL/VYN 0 12-ASB/SD -200
13-CMP/SGL -250 14-WD SHG 150 15-LOGS 100
16-PERM/ST 225 17-MASONITE 0 18-CEMBOARD 100
19-BRICK/LC 70 20-BRICK/JB 350
HEAT & AIR COND. RATE ADJUSTMENTS
CODE-ABREV. AMOUNT
1-NONE -200 2-UNITS -100 3-CENTRAL 150
4-HT PUMP 300 5-WINDUNIT -100 6-SOLAR 150
7-FLR/WALL 50 8-ELECT-BB 80 9-CHWATER 300
10-STEAM 200 11-GASPACK 300 12-WOOD -200
13-RADIANT 100 14-HOTWATER 200 15-HOT-AIR 275
16-*BADCODE 0 17-CENT-A/C 125 18-*BADCODE 0
19-*BADCODE 0 21-PREFABFP 75
WALL HEIGHTS: 7 8 9 10 11 12 13 14
FACTORS: 0.922 0.947 0.973 1.000 1.027 1.055 1.084 1.114
STORY HGTS: 1.00 1.25 1.50 1.75 2.00 2.25 2.50 3.00
FACTORS: 1.00 0.96 0.94 0.92 0.82 0.85 0.88 0.91
466
164
STRUCTURE CLASS: 45-CHURCH
GRADE- A GRADE- B GRADE- C GRADE- D GRADE- E
AREA RATE AREA RATE AREA RATE AREA RATE AREA RATE
2000 131.84 2000 107.23 2000 87.89 2000 72.07 2000 43.95
3000 129.24 3000 105.12 3000 86.16 3000 70.65 3000 43.08
4000 126.72 4000 103.07 4000 84.48 4000 69.27 4000 42.24
6000 124.25 6000 101.05 6000 82.83 6000 67.92 6000 41.42
8000 121.80 8000 99.07 8000 81.20 8000 66.59 8000 40.60
10000 119.36 10000 97.08 10000 79.57 10000 65.25 10000 39.79
12000 116.97 12000 95.13 12000 77.98 12000 63.94 12000 38.99
14000 112.30 14000 91.34 14000 74.87 14000 61.39 14000 37.43
FIREPLACE RATES:
6000.00 4880.00 4000.00 3280.00 2000.00
FULL BATHRATES:
6000 4880 4000 3280 2000
HALF BATHRATES:
3900 3172 2600 2132 1300
FIXTURE RATES:
1980 1610 1320 1082 660
BASE RATE PERCENTAGE ADJUSTMENT TO GET UNF-BSMT RATE: 27
BASE RATE PERCENTAGE ADJUSTMENT TO GET S/F-BSMT RATE: 35
BASE RATE PERCENTAGE ADJUSTMENT TO GET FIN-BSMT RATE: 60
BASE RATE PERCENTAGE ADJUSTMENT TO GET FINATTIC RATE: 30
EXTERIOR FINISH RATE ADJUSTMENTS
CODE-ABREV. AMOUNT
1-FRAME -100 2-BRICK 0 3-FR & MAS 0
4-C. BLOCK -50 5-STUCCO 50 6-BD&BATEN 100
7-CEDAR 100 8-SID/SHEA 0 9-METL/GLS 150
10-TILE 100 11-AL/VYN 0 12-ASB/SD -200
13-CMP/SGL -250 14-WD SHG 150 15-LOGS 100
16-PERM/ST 225 17-MASONITE 0 18-CEMBOARD 150
19-BRICK/LC -50 20-BRICK/JB 350
HEAT & AIR COND. RATE ADJUSTMENTS
CODE-ABREV. AMOUNT
1-NONE -200 2-UNITS -100 3-CENTRAL 0
4-HT PUMP 0 5-WINDUNIT -100 6-SOLAR 150
7-FLR/WALL 0 8-ELECT-BB 0 9-CHWATER 300
10-STEAM 200 11-GASPACK 0 12-WOOD -200
13-RADIANT 0 14-HOTWATER 150 15-HOT-AIR 250
16-*BADCODE 0 17-CENT-A/C 0 18-*BADCODE 0
19-*BADCODE 0 21-PREFABFP 75
WALL HEIGHTS: 8 10 12 14 16 18 20 22
FACTORS: 0.776 0.833 0.889 0.945 1.000 1.054 1.106 1.158
STORY HGTS: 1.00 1.25 1.50 1.75 2.00 2.25 2.50 3.00
FACTORS: 1.00 0.96 0.94 0.92 0.82 0.85 0.88 0.91
467
165
STRUCTURE CLASS: 46-NIGHT CLUB
GRADE- A GRADE- B GRADE- C GRADE- D GRADE- E
AREA RATE AREA RATE AREA RATE AREA RATE AREA RATE
500 83.86 500 67.80 500 55.57 500 45.57 500 27.79
800 82.37 800 66.99 800 54.91 800 45.03 800 27.46
1400 80.57 1400 65.53 1400 53.71 1400 44.04 1400 26.86
2400 76.92 2400 62.56 2400 51.28 2400 42.05 2400 25.64
3400 71.69 3400 58.31 3400 47.80 3400 39.19 3400 23.90
5000 64.47 5000 52.43 5000 42.98 5000 35.24 5000 21.49
7500 56.79 7500 46.19 7500 37.86 7500 31.05 7500 18.93
0 0.00 0 0.00 0 0.00 0 0.00 0 0.00
FIREPLACE RATES:
6000.00 4880.00 4000.00 3280.00 2000.00
CHIMNEY RATES:
240.00 195.20 160.00 131.20 80.00
FULL BATHRATES:
6000 4880 4000 3280 2000
HALF BATHRATES:
3900 3172 2600 2132 1300
FIXTURE RATES:
1980 1610 1320 1082 660
BASE RATE PERCENTAGE ADJUSTMENT TO GET UNF-BSMT RATE: 27
BASE RATE PERCENTAGE ADJUSTMENT TO GET S/F-BSMT RATE: 35
BASE RATE PERCENTAGE ADJUSTMENT TO GET FIN-BSMT RATE: 60
BASE RATE PERCENTAGE ADJUSTMENT TO GET FINATTIC RATE: 30
EXTERIOR FINISH RATE ADJUSTMENTS
CODE-ABREV. AMOUNT
1-FRAME 0 2-BRICK 100 3-FR & MAS 75
4-C. BLOCK -50 5-STUCCO 0 6-BD&BATEN 100
7-CEDAR 100 8-SID/SHEA -75 9-METL/GLS 225
10-TILE 0 11-AL/VYN 0 12-ASB/SD -100
13-CMP/SGL -200 14-WD SHG 200 15-LOGS 150
16-PERM/ST 225 17-MASONITE 0 18-CEMBOARD 150
19-BRICK/LC -90 20-BRICK/JB 350
HEAT & AIR COND. RATE ADJUSTMENTS
CODE-ABREV. AMOUNT
1-NONE -150 2-UNITS -150 3-CENTRAL 0
4-HT PUMP 150 5-WINDUNIT -150 6-SOLAR -100
7-FLR/WALL 0 8-ELECT-BB 300 9-CHWATER 150
10-STEAM 100 11-GASPACK 200 12-WOOD -150
13-RADIANT 0 14-HOTWATER 100 15-HOT-AIR 250
16-*BADCODE 0 17-CENT-A/C 125 21-PREFABFP 25
WALL HEIGHTS: 8 10 11 12 13 14 15 16
FACTORS: 0.915 0.957 0.979 1.000 1.021 1.042 1.064 1.085
STORY HGTS: 1.00 1.25 1.50 1.75 2.00 2.25 2.50 3.00
FACTORS: 1.00 0.96 0.94 0.92 0.82 0.85 0.88 0.91
468
166
STRUCTURE CLASS: 47-FIRE STATION (VOLUNTEER)
GRADE- A GRADE- B GRADE- C GRADE- D GRADE- E
AREA RATE AREA RATE AREA RATE AREA RATE AREA RATE
1000 62.70 1000 51.00 1000 41.80 1000 34.28 1000 20.90
1500 61.45 1500 49.98 1500 40.96 1500 33.59 1500 20.48
2000 60.47 2000 49.18 2000 40.32 2000 33.06 2000 20.16
2500 59.78 2500 48.62 2500 39.85 2500 32.68 2500 19.93
3000 59.24 3000 48.18 3000 39.49 3000 32.38 3000 19.75
4000 58.15 4000 47.29 4000 38.76 4000 31.79 4000 19.38
5000 56.43 5000 45.90 5000 37.62 5000 30.85 5000 18.81
6000 54.09 6000 43.99 6000 36.06 6000 29.57 6000 18.03
FIREPLACE RATES:
6000.00 4880.00 4000.00 3280.00 2000.00
FULL BATHRATES:
6000 4880 4000 3280 2000
HALF BATHRATES:
3900 3172 2600 2132 1300
FIXTURE RATES:
1980 1610 1320 1082 660
BASE RATE PERCENTAGE ADJUSTMENT TO GET UNF-BSMT RATE: 27
BASE RATE PERCENTAGE ADJUSTMENT TO GET S/F-BSMT RATE: 35
BASE RATE PERCENTAGE ADJUSTMENT TO GET FIN-BSMT RATE: 60
BASE RATE PERCENTAGE ADJUSTMENT TO GET FINATTIC RATE: 30
EXTERIOR FINISH RATE ADJUSTMENTS
CODE-ABREV. AMOUNT
1-FRAME 0 2-BRICK 225 3-FR & MAS 150
4-C. BLOCK 0 5-STUCCO 50 6-BD&BATEN 100
7-CEDAR 100 8-SID/SHEA 0 9-METL/GLS 150
10-TILE 100 11-AL/VYN 0 12-ASB/SD -200
13-CMP/SGL -250 14-WD SHG 150 15-LOGS 100
16-PERM/ST 225 17-MASONITE 0 18-CEMBOARD 150
19-BRICK/LC 0 20-BRICK/JB 0
HEAT & AIR COND. RATE ADJUSTMENTS
CODE-ABREV. AMOUNT
1-NONE -200 2-UNITS 0 3-CENTRAL 150
4-HT PUMP 300 5-WINDUNIT 0 6-SOLAR 150
7-FLR/WALL 0 8-ELECT-BB 0 9-CHWATER 300
10-STEAM 200 11-GASPACK 300 12-WOOD -200
13-RADIANT 0 14-HOTWATER 150 15-HOT-AIR 225
16-*BADCODE 0 17-CENT-A/C 0 21-PREFABFP 75
19-*BADCODE 0 20-*BADCODE 0
WALL HEIGHTS: 8 9 10 11 12 13 14 15
FACTORS: 0.900 0.928 0.953 0.977 1.000 1.023 1.046 10.690
STORY HGTS: 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00
FACTORS: 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00
469
167
STRUCTURE CLASS: 48-GYMNAISIUM
GRADE- A GRADE- B GRADE- C GRADE- D GRADE- E
AREA RATE AREA RATE AREA RATE AREA RATE AREA RATE
2000 92.98 2000 75.62 2000 61.99 2000 50.83 2000 30.99
4000 92.07 4000 74.88 4000 61.38 4000 50.33 4000 30.69
6000 91.15 6000 74.13 6000 60.76 6000 49.83 6000 30.38
8000 90.26 8000 73.41 8000 60.17 8000 49.34 8000 30.09
10000 88.44 10000 71.93 10000 58.96 10000 48.35 10000 29.48
12000 85.78 12000 69.77 12000 57.19 12000 46.89 12000 28.59
14000 82.35 14000 66.98 14000 54.90 14000 45.02 14000 27.45
16000 78.24 16000 63.64 16000 52.16 16000 42.77 16000 26.08
FIREPLACE RATES:
6000.00 4880.00 4000.00 3280.00 2000.00
FULL BATHRATES:
6000 4880 4000 3280 2000
HALF BATHRATES:
3900 3172 2600 2132 1300
FIXTURE RATES:
1980 1610 1320 1082 660
BASE RATE PERCENTAGE ADJUSTMENT TO GET UNF-BSMT RATE: 27
BASE RATE PERCENTAGE ADJUSTMENT TO GET S/F-BSMT RATE: 35
BASE RATE PERCENTAGE ADJUSTMENT TO GET FIN-BSMT RATE: 60
BASE RATE PERCENTAGE ADJUSTMENT TO GET FINATTIC RATE: 30
EXTERIOR FINISH RATE ADJUSTMENTS
CODE-ABREV. AMOUNT
1-FRAME -100 2-BRICK 0 3-FR & MAS 0
4-C. BLOCK -50 5-STUCCO 50 6-BD&BATEN 100
7-CEDAR 100 8-SID/SHEA 0 9-METL/GLS 175
10-TILE 100 11-AL/VYN 0 12-ASB/SD -200
13-CMP/SGL -250 14-WD SHG 150 15-LOGS 100
16-PERM/ST 225 17-MASONITE 0 18-CEMBOARD 150
19-BRICK/LC -50 20-BRICK/JB 350
HEAT & AIR COND. RATE ADJUSTMENTS
CODE-ABREV. AMOUNT
1-NONE -200 2-UNITS 0 3-CENTRAL 100
4-HT PUMP 0 5-WINDUNIT 0 6-SOLAR 150
7-FLR/WALL 0 8-ELECT-BB 0 9-CHWATER 300
10-STEAM 150 11-GASPACK 0 12-WOOD -200
13-RADIANT -100 14-HOTWATER 150 15-HOT-AIR 250
16-*BADCODE 0 17-CENT-A/C 175 21-PREFABFP 75
19-*BADCODE 0 20-*BADCODE 0
WALL HEIGHTS: 12 14 16 18 20 22 24 26
FACTORS: 0.889 0.945 1.000 1.054 1.106 1.158 1.210 1.262
STORY HGTS: 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00
FACTORS: 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00
470
168
STRUCTURE CLASS: 49-HOSPITAL
GRADE- A GRADE- B GRADE- C GRADE- D GRADE- E
AREA RATE AREA RATE AREA RATE AREA RATE AREA RATE
5000 202.17 5000 164.44 5000 134.78 5000 110.52 5000 67.39
5500 200.16 5500 162.80 5500 133.44 5500 109.42 5500 66.72
6000 198.18 6000 161.19 6000 132.12 6000 108.34 6000 66.06
8500 196.23 8500 159.60 8500 130.82 8500 107.27 8500 65.41
11000 194.29 11000 158.02 11000 129.53 11000 106.21 11000 64.76
13500 190.41 13500 154.87 13500 126.94 13500 104.09 13500 63.47
18000 182.79 18000 148.67 18000 121.86 18000 99.92 18000 60.93
25000 173.85 25000 141.23 25000 115.76 25000 94.93 25000 57.88
FIREPLACE RATES:
6000.00 4880.00 4000.00 3280.00 2000.00
FULL BATHRATES:
6000 4880 4000 3280 2000
HALF BATHRATES:
3900 3172 2600 2132 1300
FIXTURE RATES:
1980 1610 1320 1082 660
BASE RATE PERCENTAGE ADJUSTMENT TO GET UNF-BSMT RATE: 27
BASE RATE PERCENTAGE ADJUSTMENT TO GET S/F-BSMT RATE: 35
BASE RATE PERCENTAGE ADJUSTMENT TO GET FIN-BSMT RATE: 60
BASE RATE PERCENTAGE ADJUSTMENT TO GET FINATTIC RATE: 30
EXTERIOR FINISH RATE ADJUSTMENTS
CODE-ABREV. AMOUNT
1-FRAME -200 2-BRICK 0 3-FR & MAS 0
4-C. BLOCK -100 5-STUCCO 50 6-BD&BATEN 0
7-CEDAR 0 8-SID/SHEA 0 9-METL/GLS 150
10-TILE 100 11-AL/VYN 0 12-ASB/SD -200
13-CMP/SGL -250 14-WD SHG 0 15-LOGS 0
16-PERM/ST 100 17-MASONITE 0 18-CEMBOARD 0
19-BRICK/LC -50 20-BRICK/JB 0
HEAT & AIR COND. RATE ADJUSTMENTS
CODE-ABREV. AMOUNT
1-NONE -250 2-UNITS -200 3-CENTRAL 0
4-HT PUMP 0 5-WINDUNIT -200 6-SOLAR 0
7-FLR/WALL -200 8-ELECT-BB 0 9-CHWATER 0
10-STEAM 0 11-GASPACK 0 12-WOOD -250
13-RADIANT 0 14-HOTWATER 0 15-HOT-AIR 0
16-*BADCODE 0 17-CENT-A/C 0 21-PREFABFP 75
WALL HEIGHTS: 8 9 10 11 12 13 14 15
FACTORS: 0.900 0.928 0.953 0.977 1.000 1.023 1.046 1.069
STORY HGTS: 1.00 1.50 2.00 2.50 3.00 4.00 5.00 6.00
FACTORS: 1.00 0.95 0.90 0.92 0.94 0.96 0.98 1.00
471
169
STRUCTURE CLASS: 50-LIBRARY
GRADE- A GRADE- B GRADE- C GRADE- D GRADE- E
AREA RATE AREA RATE AREA RATE AREA RATE AREA RATE
2000 101.82 2000 82.81 2000 67.88 2000 55.66 2000 33.94
4000 100.30 4000 81.58 4000 66.87 4000 54.83 4000 33.43
6000 99.05 6000 80.56 6000 66.03 6000 54.15 6000 33.02
8000 98.09 8000 79.78 8000 65.40 8000 53.62 8000 32.70
10000 95.06 10000 77.31 10000 63.37 10000 51.96 10000 31.69
12000 94.78 12000 77.08 12000 63.18 12000 51.81 12000 31.59
14000 91.81 14000 74.67 14000 61.20 14000 50.19 14000 30.60
16000 87.90 16000 71.49 16000 58.60 16000 48.05 16000 29.30
FIREPLACE RATES:
6000.00 4880.00 4000.00 3280.00 2000.00
FULL BATHRATES:
6000 4880 4000 3280 2000
HALF BATHRATES:
3900 3172 2600 2132 1300
FIXTURE RATES:
1980 1610 1320 1082 660
BASE RATE PERCENTAGE ADJUSTMENT TO GET UNF-BSMT RATE: 27
BASE RATE PERCENTAGE ADJUSTMENT TO GET S/F-BSMT RATE: 35
BASE RATE PERCENTAGE ADJUSTMENT TO GET FIN-BSMT RATE: 60
BASE RATE PERCENTAGE ADJUSTMENT TO GET FINATTIC RATE: 30
EXTERIOR FINISH RATE ADJUSTMENTS
CODE-ABREV. AMOUNT
1-FRAME -100 2-BRICK 0 3-FR & MAS 0
4-C. BLOCK -90 5-STUCCO 50 6-BD&BATEN 100
7-CEDAR 100 8-SID/SHEA 0 9-METL/GLS 175
10-TILE 100 11-AL/VYN 0 12-ASB/SD -200
13-CMP/SGL -250 14-WD SHG 150 15-LOGS 100
16-PERM/ST 225 17-MASONITE 0 18-CEMBOARD 150
19-BRICK/LC -50 20-BRICK/JB 350
HEAT & AIR COND. RATE ADJUSTMENTS
CODE-ABREV. AMOUNT
1-NONE -200 2-UNITS -120 3-CENTRAL 0
4-HT PUMP 0 5-WINDUNIT -100 6-SOLAR 150
7-FLR/WALL -100 8-ELECT-BB -100 9-CHWATER 300
10-STEAM 150 11-GASPACK 0 12-WOOD -200
13-RADIANT -100 14-HOTWATER 100 15-HOT-AIR 0
16-*BADCODE 0 17-CENT-A/C 0 21-PREFABFP 75
WALL HEIGHTS: 8 9 10 11 12 13 14 15
FACTORS: 0.900 0.928 0.953 0.977 1.000 1.023 1.046 1.069
STORY HGTS: 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00
FACTORS: 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00
472
170
STRUCTURE CLASS: 51-SERVICE STATION
GRADE- A GRADE- B GRADE- C GRADE- D GRADE- E
AREA RATE AREA RATE AREA RATE AREA RATE AREA RATE
500 112.84 500 91.78 500 75.23 500 61.69 500 37.61
750 108.49 750 88.24 750 72.33 750 59.31 750 36.16
1000 104.33 1000 84.85 1000 69.55 1000 57.03 1000 34.78
1250 100.30 1250 81.58 1250 66.87 1250 54.83 1250 33.43
1500 96.46 1500 78.45 1500 64.31 1500 52.73 1500 32.15
1750 92.60 1750 75.31 1750 61.73 1750 50.62 1750 30.87
2000 88.90 2000 72.31 2000 59.27 2000 48.60 2000 29.63
2250 85.34 2250 69.41 2250 56.89 2250 46.65 2250 28.45
FIREPLACE RATES:
6000.00 4880.00 4000.00 3280.00 2000.00
FULL BATHRATES:
6000 4880 4000 3280 2000
HALF BATHRATES:
3900 3172 2600 2132 1300
FIXTURE RATES:
1980 1610 1320 1082 660
BASE RATE PERCENTAGE ADJUSTMENT TO GET UNF-BSMT RATE: 27
BASE RATE PERCENTAGE ADJUSTMENT TO GET S/F-BSMT RATE: 35
BASE RATE PERCENTAGE ADJUSTMENT TO GET FIN-BSMT RATE: 60
BASE RATE PERCENTAGE ADJUSTMENT TO GET FINATTIC RATE: 30
EXTERIOR FINISH RATE ADJUSTMENTS
CODE-ABREV. AMOUNT
1-FRAME -200 2-BRICK 0 3-FR & MAS 75
4-C. BLOCK 0 5-STUCCO 50 6-BD&BATEN 100
7-CEDAR 100 8-SID/SHEA 0 9-METL/GLS 150
10-TILE 100 11-AL/VYN 0 12-ASB/SD -200
13-CMP/SGL -250 14-WD SHG 150 15-LOGS 100
16-PERM/ST 225 17-MASONITE 0 18-CEMBOARD 150
19-BRICK/LC -50 20-BRICK/JB 350
HEAT & AIR COND. RATE ADJUSTMENTS
CODE-ABREV. AMOUNT
1-NONE -100 2-UNITS 0 3-CENTRAL 150
4-HT PUMP 300 5-WINDUNIT 0 6-SOLAR 150
7-FLR/WALL 0 8-ELECT-BB 0 9-CHWATER 300
10-STEAM 175 11-GASPACK 300 12-WOOD -100
13-RADIANT 0 14-HOTWATER 200 15-HOT-AIR 0
16-*BADCODE 0 17-CENT-A/C 150 21-PREFABFP 75
WALL HEIGHTS: 8 10 12 14 16 18 20 22
FACTORS: 0.885 0.921 0.960 1.000 1.041 1.086 1.133 1.181
STORY HGTS: 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00
FACTORS: 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00
473
171
STRUCTURE CLASS: 52-GOVERNMENT BUILDING
GRADE- A GRADE- B GRADE- C GRADE- D GRADE- E
AREA RATE AREA RATE AREA RATE AREA RATE AREA RATE
2000 128.07 2000 104.07 2000 85.38 2000 70.01 2000 42.69
4000 125.52 4000 102.09 4000 83.68 4000 68.62 4000 41.84
6000 122.63 6000 99.74 6000 81.75 6000 67.04 6000 40.88
8000 120.53 8000 98.03 8000 80.36 8000 65.89 8000 40.18
10000 118.12 10000 96.07 10000 78.75 10000 64.57 10000 39.37
15000 115.76 15000 94.15 15000 77.18 15000 63.28 15000 38.59
20000 113.44 20000 92.26 20000 75.63 20000 62.01 20000 37.81
25000 111.18 25000 90.42 25000 74.12 25000 60.78 25000 37.06
FIREPLACE RATES:
6000.00 4880.00 4000.00 3280.00 2000.00
FULL BATHRATES:
6000 4880 4000 3280 2000
HALF BATHRATES:
3900 3172 2600 2132 1300
FIXTURE RATES:
1980 1610 1320 1082 660
BASE RATE PERCENTAGE ADJUSTMENT TO GET UNF-BSMT RATE: 27
BASE RATE PERCENTAGE ADJUSTMENT TO GET S/F-BSMT RATE: 35
BASE RATE PERCENTAGE ADJUSTMENT TO GET FIN-BSMT RATE: 60
BASE RATE PERCENTAGE ADJUSTMENT TO GET FINATTIC RATE: 30
EXTERIOR FINISH RATE ADJUSTMENTS
CODE-ABREV. AMOUNT
1-FRAME -100 2-BRICK 0 3-FR & MAS 0
4-C. BLOCK -100 5-STUCCO 50 6-BD&BATEN 0
7-CEDAR 100 8-SID/SHEA -100 9-METL/GLS 175
10-TILE 100 11-AL/VYN -100 12-ASB/SD -200
13-CMP/SGL -250 14-WD SHG 150 15-LOGS 100
16-PERM/ST 0 17-MASONITE -100 18-CEMBOARD 150
19-BRICK/LC -50 20-BRICK/JB 350
HEAT & AIR COND. RATE ADJUSTMENTS
CODE-ABREV. AMOUNT
1-NONE -200 2-UNITS -100 3-CENTRAL 0
4-HT PUMP 0 5-WINDUNIT -100 6-SOLAR 175
7-FLR/WALL 0 8-ELECT-BB -100 9-CHWATER 300
10-STEAM 150 11-GASPACK 0 12-WOOD -200
13-RADIANT -100 14-HOTWATER 150 15-HOT-AIR 225
16-*BADCODE 0 17-CENT-A/C 0 21-PREFABFP 75
WALL HEIGHTS: 8 9 10 11 12 13 14 15
FACTORS: 0.900 0.928 0.953 0.977 1.000 1.023 1.046 1.069
STORY HGTS: 1.00 1.50 2.00 2.50 3.00 4.00 5.00 6.00
FACTORS: 1.00 0.95 0.90 0.92 0.94 0.96 0.98 1.00
474
172
STRUCTURE CLASS: 53-NURSING HOME
GRADE- A GRADE- B GRADE- C GRADE- D GRADE- E
AREA RATE AREA RATE AREA RATE AREA RATE AREA RATE
5000 131.49 5000 106.94 5000 87.66 5000 71.88 5000 43.83
7500 128.55 7500 104.56 7500 85.70 7500 70.27 7500 42.85
10500 126.32 10500 102.74 10500 84.22 10500 69.06 10500 42.11
13000 124.62 13000 101.36 13000 83.08 13000 68.13 13000 41.54
15500 123.34 15500 100.31 15500 82.23 15500 67.42 15500 41.11
18000 121.13 18000 98.52 18000 80.75 18000 66.22 18000 40.38
23000 116.82 23000 95.01 23000 77.88 23000 63.86 23000 38.94
28000 108.93 28000 88.60 28000 72.82 28000 59.55 28000 36.31
FIREPLACE RATES:
6000.00 4880.00 4000.00 3280.00 2000.00
FULL BATHRATES:
6000 4880 4000 3280 2000
HALF BATHRATES:
3900 3172 2600 2132 1300
FIXTURE RATES:
1980 1610 1320 1082 660
BASE RATE PERCENTAGE ADJUSTMENT TO GET UNF-BSMT RATE: 27
BASE RATE PERCENTAGE ADJUSTMENT TO GET S/F-BSMT RATE: 35
BASE RATE PERCENTAGE ADJUSTMENT TO GET FIN-BSMT RATE: 60
BASE RATE PERCENTAGE ADJUSTMENT TO GET FINATTIC RATE: 30
EXTERIOR FINISH RATE ADJUSTMENTS
CODE-ABREV. AMOUNT
1-FRAME -100 2-BRICK 0 3-FR & MAS 0
4-C. BLOCK -90 5-STUCCO 50 6-BD&BATEN 100
7-CEDAR 100 8-SID/SHEA -100 9-METL/GLS 125
10-TILE 100 11-AL/VYN 0 12-ASB/SD -200
13-CMP/SGL -250 14-WD SHG 150 15-LOGS 100
16-PERM/ST 225 17-MASONITE 0 18-CEMBOARD 150
19-BRICK/LC -50 20-BRICK/JB 350
HEAT & AIR COND. RATE ADJUSTMENTS
CODE-ABREV. AMOUNT
1-NONE -200 2-UNITS -100 3-CENTRAL 0
4-HT PUMP 0 5-WINDUNIT -100 6-SOLAR 100
7-FLR/WALL -100 8-ELECT-BB -100 9-CHWATER 300
10-STEAM 100 11-GASPACK 0 12-WOOD -200
13-RADIANT -100 14-HOTWATER 100 15-HOT-AIR 200
16-*BADCODE 0 17-CENT-A/C 0 21-PREFABFP 75
19-*BADCODE 0 20-*BADCODE 0
WALL HEIGHTS: 8 9 10 11 12 13 14 15
FACTORS: 0.947 0.973 1.000 1.027 1.055 1.084 1.114 1.144
STORY HGTS: 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00
FACTORS: 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00
475
173
STRUCTURE CLASS: 54-POLICE STATION
GRADE- A GRADE- B GRADE- C GRADE- D GRADE- E
AREA RATE AREA RATE AREA RATE AREA RATE AREA RATE
2000 160.62 2000 130.15 2000 106.68 2000 87.48 2000 53.34
4000 156.80 4000 127.53 4000 104.53 4000 85.72 4000 52.27
6000 153.68 6000 124.99 6000 102.45 6000 84.01 6000 51.23
8000 150.61 8000 122.50 8000 100.41 8000 82.33 8000 50.20
10000 143.07 10000 116.36 10000 95.38 10000 78.21 10000 47.69
12000 135.91 12000 110.54 12000 90.61 12000 74.30 12000 45.30
14000 129.11 14000 105.01 14000 86.08 14000 70.58 14000 43.04
16000 122.66 16000 99.76 16000 81.77 16000 67.05 16000 40.89
FIREPLACE RATES:
6000.00 4880.00 4000.00 3280.00 2000.00
FULL BATHRATES:
6000 4880 4000 3280 2000
HALF BATHRATES:
3900 3172 2600 2132 1300
FIXTURE RATES:
1980 1610 1320 1082 660
BASE RATE PERCENTAGE ADJUSTMENT TO GET UNF-BSMT RATE: 27
BASE RATE PERCENTAGE ADJUSTMENT TO GET S/F-BSMT RATE: 35
BASE RATE PERCENTAGE ADJUSTMENT TO GET FIN-BSMT RATE: 60
BASE RATE PERCENTAGE ADJUSTMENT TO GET FINATTIC RATE: 30
EXTERIOR FINISH RATE ADJUSTMENTS
CODE-ABREV. AMOUNT
1-FRAME -200 2-BRICK 0 3-FR & MAS -150
4-C. BLOCK -100 5-STUCCO -100 6-BD&BATEN -100
7-CEDAR 0 8-SID/SHEA -200 9-METL/GLS 0
10-TILE 0 11-AL/VYN -100 12-ASB/SD -200
13-CMP/SGL -250 14-WD SHG 0 15-LOGS 0
16-PERM/ST 0 17-MASONITE -150 18-CEMBOARD 0
19-BRICK/LC 0 20-BRICK/JB 0
HEAT & AIR COND. RATE ADJUSTMENTS
CODE-ABREV. AMOUNT
1-NONE -200 2-UNITS -150 3-CENTRAL 0
4-HT PUMP 0 5-WINDUNIT -100 6-SOLAR 100
7-FLR/WALL 0 8-ELECT-BB -150 9-CHWATER 300
10-STEAM 50 11-GASPACK 0 12-WOOD -200
13-RADIANT 0 14-HOTWATER 0 15-HOT-AIR 0
16-*BADCODE 0 17-CENT-A/C 0 21-PREFABFP 75
WALL HEIGHTS: 8 9 10 11 12 13 14 15
FACTORS: 0.900 0.928 0.953 0.977 1.000 1.023 1.046 1.069
STORY HGTS: 1.00 1.50 2.00 2.50 3.00 4.00 5.00 6.00
FACTORS: 1.00 0.95 0.90 0.92 0.94 0.96 0.98 1.00
476
174
STRUCTURE CLASS: 55-REST HOME
GRADE- A GRADE- B GRADE- C GRADE- D GRADE- E
AREA RATE AREA RATE AREA RATE AREA RATE AREA RATE
5000 108.76 5000 87.00 5000 76.19 5000 59.43 5000 36.23
7500 107.66 7500 86.13 7500 75.42 7500 58.82 7500 35.87
10500 106.60 10500 85.27 10500 74.67 10500 58.24 10500 35.51
13000 104.46 13000 83.56 13000 73.17 13000 57.07 13000 34.80
15500 102.39 15500 81.90 15500 71.72 15500 55.94 15500 34.11
18000 100.31 18000 80.25 18000 70.27 18000 54.81 18000 33.42
23000 98.30 23000 78.64 23000 68.86 23000 53.71 23000 32.75
28000 96.34 28000 77.07 28000 67.49 28000 52.64 28000 32.10
FIREPLACE RATES:
6000.00 4880.00 4000.00 3280.00 2000.00
FULL BATHRATES:
6000 4880 4000 3280 2000
HALF BATHRATES:
3900 3172 2600 2132 1300
FIXTURE RATES:
1980 1610 1320 1082 660
BASE RATE PERCENTAGE ADJUSTMENT TO GET UNF-BSMT RATE: 27
BASE RATE PERCENTAGE ADJUSTMENT TO GET S/F-BSMT RATE: 35
BASE RATE PERCENTAGE ADJUSTMENT TO GET FIN-BSMT RATE: 60
BASE RATE PERCENTAGE ADJUSTMENT TO GET FINATTIC RATE: 30
EXTERIOR FINISH RATE ADJUSTMENTS
CODE-ABREV. AMOUNT
1-FRAME -100 2-BRICK 0 3-FR & MAS 0
4-C. BLOCK -90 5-STUCCO 50 6-BD&BATEN 100
7-CEDAR 100 8-SID/SHEA -100 9-METL/GLS 125
10-TILE 100 11-AL/VYN 0 12-ASB/SD -200
13-CMP/SGL -250 14-WD SHG 150 15-LOGS 100
16-PERM/ST 225 17-MASONITE 0 18-CEMBOARD 150
19-BRICK/LC -50 20-BRICK/JB 350
HEAT & AIR COND. RATE ADJUSTMENTS
CODE-ABREV. AMOUNT
1-NONE -200 2-UNITS -100 3-CENTRAL 0
4-HT PUMP 0 5-WINDUNIT -100 6-SOLAR 100
7-FLR/WALL -100 8-ELECT-BB -100 9-CHWATER 300
10-STEAM 100 11-GASPACK 0 12-WOOD -200
13-RADIANT -100 14-HOTWATER 100 15-HOT-AIR 200
16-*BADCODE 0 17-CENT-A/C 0 21-PREFABFP 75
WALL HEIGHTS: 7 8 9 10 11 12 13 14
FACTORS: 0.947 0.973 1.000 1.027 1.055 1.084 1.114 1.144
STORY HGTS: 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00
FACTORS: 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00
477
175
STRUCTURE CLASS: 56-SCHOOL
GRADE- A GRADE- B GRADE- C GRADE- D GRADE- E
AREA RATE AREA RATE AREA RATE AREA RATE AREA RATE
10000 115.85 10000 94.22 10000 77.23 10000 63.33 10000 38.62
15000 113.52 15000 92.33 15000 75.68 15000 62.06 15000 37.84
20000 111.24 20000 90.48 20000 74.16 20000 60.81 20000 37.08
26000 107.89 26000 87.75 26000 71.93 26000 58.98 26000 35.96
36000 106.31 36000 86.47 36000 70.87 36000 58.12 36000 35.44
46000 101.52 46000 82.57 46000 67.68 46000 55.50 46000 33.84
56000 98.51 56000 80.12 56000 65.67 56000 53.85 56000 32.84
65000 95.54 65000 77.70 65000 63.69 65000 52.23 65000 31.85
FIREPLACE RATES:
6000.00 4880.00 4000.00 3280.00 2000.00
FULL BATHRATES:
6000 4880 4000 3280 2000
HALF BATHRATES:
3900 3172 2600 2132 1300
FIXTURE RATES:
1980 1610 1320 1082 660
BASE RATE PERCENTAGE ADJUSTMENT TO GET UNF-BSMT RATE: 27
BASE RATE PERCENTAGE ADJUSTMENT TO GET S/F-BSMT RATE: 35
BASE RATE PERCENTAGE ADJUSTMENT TO GET FIN-BSMT RATE: 60
BASE RATE PERCENTAGE ADJUSTMENT TO GET FINATTIC RATE: 30
EXTERIOR FINISH RATE ADJUSTMENTS
CODE-ABREV. AMOUNT
1-FRAME -200 2-BRICK 0 3-FR & MAS 0
4-C. BLOCK 0 5-STUCCO 50 6-BD&BATEN 0
7-CEDAR 100 8-SID/SHEA -100 9-METL/GLS 150
10-TILE 100 11-AL/VYN 0 12-ASB/SD -200
13-CMP/SGL -250 14-WD SHG 150 15-LOGS 100
16-PERM/ST 225 17-MASONITE 0 18-CEMBOARD 150
19-BRICK/LC -50 20-BRICK/JB 350
HEAT & AIR COND. RATE ADJUSTMENTS
CODE-ABREV. AMOUNT
1-NONE -200 2-UNITS -150 3-CENTRAL 0
4-HT PUMP 0 5-WINDUNIT 0 6-SOLAR 100
7-FLR/WALL -100 8-ELECT-BB -100 9-CHWATER 300
10-STEAM 100 11-GASPACK 0 12-WOOD -200
13-RADIANT -100 14-HOTWATER 0 15-HOT-AIR 175
16-*BADCODE 0 17-CENT-A/C 0 21-PREFABFP 75
WALL HEIGHTS: 8 9 10 11 12 13 14 15
FACTORS: 0.963 0.981 1.000 1.018 1.037 1.055 1.073 1.092
STORY HGTS: 1.00 1.50 2.00 2.50 3.00 3.50 4.00 5.00
FACTORS: 1.00 0.95 0.90 0.90 0.93 0.95 0.97 0.99
478
176
STRUCTURE CLASS: 57-TAVERN
GRADE- A GRADE- B GRADE- C GRADE- D GRADE- E
AREA RATE AREA RATE AREA RATE AREA RATE AREA RATE
500 78.41 500 63.77 500 52.27 500 42.86 500 26.14
750 74.60 750 60.67 750 49.73 750 40.78 750 24.87
1000 72.77 1000 59.18 1000 48.51 1000 39.78 1000 24.26
1500 71.76 1500 58.36 1500 47.84 1500 39.23 1500 23.92
2000 69.35 2000 56.40 2000 46.23 2000 37.91 2000 23.12
2500 65.57 2500 53.33 2500 43.71 2500 35.85 2500 21.86
3000 60.52 3000 49.22 3000 40.35 3000 33.09 3000 20.17
3500 59.30 3500 48.23 3500 39.53 3500 32.42 3500 19.77
FIREPLACE RATES:
6000.00 4880.00 4000.00 3280.00 2000.00
FULL BATHRATES:
6000 4880 4000 3280 2000
HALF BATHRATES:
3900 3172 2600 2132 1300
FIXTURE RATES:
1980 1610 1320 1082 660
BASE RATE PERCENTAGE ADJUSTMENT TO GET UNF-BSMT RATE: 27
BASE RATE PERCENTAGE ADJUSTMENT TO GET S/F-BSMT RATE: 35
BASE RATE PERCENTAGE ADJUSTMENT TO GET FIN-BSMT RATE: 60
BASE RATE PERCENTAGE ADJUSTMENT TO GET FINATTIC RATE: 30
EXTERIOR FINISH RATE ADJUSTMENTS
CODE-ABREV. AMOUNT
1-FRAME 0 2-BRICK 225 3-FR & MAS 150
4-C. BLOCK 0 5-STUCCO 50 6-BD&BATEN 100
7-CEDAR 100 8-SID/SHEA 0 9-METL/GLS 150
10-TILE 100 11-AL/VYN 0 12-ASB/SD -200
13-CMP/SGL -250 14-WD SHG 150 15-LOGS 100
16-PERM/ST 225 17-MASONITE 0 18-CEMBOARD 200
19-BRICK/LC -50 20-BRICK/JB 350
HEAT & AIR COND. RATE ADJUSTMENTS
CODE-ABREV. AMOUNT
1-NONE -100 0- -50 3-CENTRAL 150
4-HT PUMP 250 5-WINDUNIT 0 6-SOLAR 100
7-FLR/WALL -100 8-ELECT-BB -100 9-CHWATER 300
10-STEAM 150 11-GASPACK 250 12-WOOD -100
13-RADIANT -100 14-HOTWATER 100 15-HOT-AIR 175
16-*BADCODE 0 17-CENT-A/C 125 21-PREFABFP 75
WALL HEIGHTS: 12 14 16 18 20 22 24 26
FACTORS: 0.889 0.945 1.000 1.054 1.106 1.158 1.210 1.262
STORY HGTS: 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00
FACTORS: 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00
479
177
STRUCTURE CLASS: 58-LIGHT INDUSTRIAL
GRADE- A GRADE- B GRADE- C GRADE- D GRADE- E
AREA RATE AREA RATE AREA RATE AREA RATE AREA RATE
5000 45.36 5000 36.89 5000 30.24 5000 24.80 5000 15.12
8000 44.47 8000 36.17 8000 29.65 8000 24.31 8000 14.82
10000 43.59 10000 35.46 10000 29.06 10000 23.83 10000 14.53
20000 42.74 20000 34.76 20000 28.49 20000 23.36 20000 14.25
30000 41.88 30000 34.06 30000 27.92 30000 22.89 30000 13.96
40000 41.04 40000 33.38 40000 27.36 40000 22.43 40000 13.68
50000 40.21 50000 32.70 50000 26.81 50000 21.98 50000 13.40
60000 38.61 60000 31.40 60000 25.74 60000 21.11 60000 12.87
FIREPLACE RATES:
6000.00 4880.00 4000.00 3280.00 2000.00
FULL BATHRATES:
6000 4880 4000 3280 2000
HALF BATHRATES:
3900 3172 2600 2132 1300
FIXTURE RATES:
1980 1610 1320 1082 660
BASE RATE PERCENTAGE ADJUSTMENT TO GET UNF-BSMT RATE: 27
BASE RATE PERCENTAGE ADJUSTMENT TO GET S/F-BSMT RATE: 35
BASE RATE PERCENTAGE ADJUSTMENT TO GET FIN-BSMT RATE: 60
BASE RATE PERCENTAGE ADJUSTMENT TO GET FINATTIC RATE: 30
EXTERIOR FINISH RATE ADJUSTMENTS
CODE-ABREV. AMOUNT
1-FRAME 0 2-BRICK 225 3-FR & MAS 150
4-C. BLOCK 100 5-STUCCO 50 6-BD&BATEN 100
7-CEDAR 100 8-SID/SHEA 0 9-METL/GLS 0
10-TILE 100 11-AL/VYN 0 12-ASB/SD -200
13-CMP/SGL -250 14-WD SHG 150 15-LOGS 100
16-PERM/ST 225 17-MASONITE 0 18-CEMBOARD 150
19-BRICK/LC -50 20-BRICK/JB 350
HEAT & AIR COND. RATE ADJUSTMENTS
CODE-ABREV. AMOUNT
1-NONE -100 2-UNITS 0 3-CENTRAL 150
4-HT PUMP 300 5-WINDUNIT 0 6-SOLAR 0
7-FLR/WALL 0 8-ELECT-BB 0 9-CHWATER 300
10-STEAM 150 11-GASPACK 300 12-WOOD -100
13-RADIANT 0 14-HOTWATER 150 15-HOT-AIR 250
16-*BADCODE 0 17-CENT-A/C 125 21-PREFABFP 75
WALL HEIGHTS: 8 10 12 14 16 18 20 22
FACTORS: 0.885 0.921 0.960 1.000 1.041 1.086 1.133 1.181
STORY HGTS: 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00
FACTORS: 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00
480
178
STRUCTURE CLASS: 59-MEDIUM INDUSTRIAL
GRADE- A GRADE- B GRADE- C GRADE- D GRADE- E
AREA RATE AREA RATE AREA RATE AREA RATE AREA RATE
5000 51.00 5000 41.48 5000 34.00 5000 27.88 5000 17.00
8000 50.00 8000 40.66 8000 33.33 8000 27.33 8000 16.67
10000 48.13 10000 39.15 10000 32.09 10000 26.31 10000 16.04
20000 48.06 20000 39.09 20000 32.04 20000 26.28 20000 16.02
30000 47.09 30000 38.30 30000 31.39 30000 25.74 30000 15.70
40000 46.17 40000 37.55 40000 30.78 40000 25.24 40000 15.39
50000 45.24 50000 36.80 50000 30.16 50000 24.73 50000 15.08
60000 42.97 60000 34.95 60000 28.64 60000 23.49 60000 14.32
FIREPLACE RATES:
6000.00 4880.00 4000.00 3280.00 2000.00
FULL BATHRATES:
6000 4880 4000 3280 2000
HALF BATHRATES:
3900 3172 2600 2132 1300
FIXTURE RATES:
1980 1610 1320 1082 660
BASE RATE PERCENTAGE ADJUSTMENT TO GET UNF-BSMT RATE: 27
BASE RATE PERCENTAGE ADJUSTMENT TO GET S/F-BSMT RATE: 35
BASE RATE PERCENTAGE ADJUSTMENT TO GET FIN-BSMT RATE: 60
BASE RATE PERCENTAGE ADJUSTMENT TO GET FINATTIC RATE: 30
EXTERIOR FINISH RATE ADJUSTMENTS
CODE-ABREV. AMOUNT
1-FRAME -100 2-BRICK 225 3-FR & MAS 150
4-C. BLOCK 0 5-STUCCO 50 6-BD&BATEN 100
7-CEDAR 100 8-SID/SHEA 0 9-METL/GLS 0
10-TILE 100 11-AL/VYN 0 12-ASB/SD -200
13-CMP/SGL -250 14-WD SHG 150 15-LOGS 100
16-PERM/ST 225 17-MASONITE 0 18-CEMBOARD 150
19-BRICK/LC -50 20-BRICK/JB 350
HEAT & AIR COND. RATE ADJUSTMENTS
CODE-ABREV. AMOUNT
1-NONE -100 2-UNITS 0 3-CENTRAL 150
4-HT PUMP 300 5-WINDUNIT 0 6-SOLAR 0
7-FLR/WALL 0 8-ELECT-BB 0 9-CHWATER 300
10-STEAM 150 11-GASPACK 300 12-WOOD -100
13-RADIANT 0 14-HOTWATER 150 15-HOT-AIR 250
16-*BADCODE 0 17-CENT-A/C 125 21-PREFABFP 75
WALL HEIGHTS: 8 10 12 14 16 18 20 22
FACTORS: 0.885 0.921 0.960 1.000 1.041 1.086 1.133 1.181
STORY HGTS: 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00
FACTORS: 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00
481
179
STRUCTURE CLASS: 60-HEAVY INDUSTRIAL
GRADE- A GRADE- B GRADE- C GRADE- D GRADE- E
AREA RATE AREA RATE AREA RATE AREA RATE AREA RATE
5000 78.34 5000 63.72 5000 52.23 5000 42.83 5000 26.11
8000 76.81 8000 62.47 8000 51.21 8000 41.99 8000 25.60
10000 75.31 10000 61.25 10000 50.20 10000 41.17 10000 25.10
20000 73.84 20000 60.05 20000 49.23 20000 40.36 20000 24.61
30000 72.37 30000 58.86 30000 48.25 30000 39.56 30000 24.12
40000 70.19 40000 57.09 40000 46.79 40000 38.37 40000 23.40
50000 67.37 50000 54.79 50000 44.91 50000 36.83 50000 22.46
60000 64.02 60000 52.07 60000 42.68 60000 35.00 60000 21.34
FIREPLACE RATES:
6000.00 4880.00 4000.00 3280.00 2000.00
FULL BATHRATES:
6000 4880 4000 3280 2000
HALF BATHRATES:
3900 3172 2600 2132 1300
FIXTURE RATES:
1980 1610 1320 1082 660
BASE RATE PERCENTAGE ADJUSTMENT TO GET UNF-BSMT RATE: 27
BASE RATE PERCENTAGE ADJUSTMENT TO GET S/F-BSMT RATE: 35
BASE RATE PERCENTAGE ADJUSTMENT TO GET FIN-BSMT RATE: 60
BASE RATE PERCENTAGE ADJUSTMENT TO GET FINATTIC RATE: 30
EXTERIOR FINISH RATE ADJUSTMENTS
CODE-ABREV. AMOUNT
1-FRAME -100 2-BRICK 100 3-FR & MAS 100
4-C. BLOCK 0 5-STUCCO 50 6-BD&BATEN 100
7-CEDAR 100 8-SID/SHEA 0 9-METL/GLS 0
10-TILE 100 11-AL/VYN 0 12-ASB/SD -200
13-CMP/SGL -250 14-WD SHG 150 15-LOGS 100
16-PERM/ST 225 17-MASONITE 0 18-CEMBOARD 150
19-BRICK/LC -50 20-BRICK/JB 350
HEAT & AIR COND. RATE ADJUSTMENTS
CODE-ABREV. AMOUNT
1-NONE -100 2-UNITS 0 3-CENTRAL 150
4-HT PUMP 300 5-WINDUNIT 0 6-SOLAR 0
7-FLR/WALL 0 8-ELECT-BB 0 9-CHWATER 300
10-STEAM 150 11-GASPACK 300 12-WOOD -100
13-RADIANT 0 14-HOTWATER 150 15-HOT-AIR 250
16-*BADCODE 0 17-CENT-A/C 125 21-PREFABFP 75
WALL HEIGHTS: 8 10 12 14 16 18 20 22
FACTORS: 0.885 0.921 0.960 1.000 1.041 1.086 1.133 1.181
STORY HGTS: 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00
FACTORS: 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00
482
180
STRUCTURE CLASS: 61-HOTEL
GRADE- A GRADE- B GRADE- C GRADE- D GRADE- E
AREA RATE AREA RATE AREA RATE AREA RATE AREA RATE
2000 98.54 2000 80.14 2000 65.69 2000 53.87 2000 32.85
4000 96.61 4000 78.57 4000 64.41 4000 52.81 4000 32.20
6000 94.73 6000 77.04 6000 63.15 6000 51.78 6000 31.58
8000 92.86 8000 75.53 8000 61.91 8000 50.76 8000 30.95
10000 91.05 10000 74.05 10000 60.70 10000 49.77 10000 30.35
12000 89.23 12000 72.58 12000 59.49 12000 48.78 12000 29.74
14000 86.54 14000 70.39 14000 57.70 14000 47.31 14000 28.85
16000 83.08 16000 67.57 16000 55.39 16000 45.42 16000 27.69
FIREPLACE RATES:
6000.00 4880.00 4000.00 3280.00 2000.00
FULL BATHRATES:
6000 4880 4000 3280 2000
HALF BATHRATES:
3900 3172 2600 2132 1300
FIXTURE RATES:
1980 1610 1320 1082 660
BASE RATE PERCENTAGE ADJUSTMENT TO GET UNF-BSMT RATE: 27
BASE RATE PERCENTAGE ADJUSTMENT TO GET S/F-BSMT RATE: 35
BASE RATE PERCENTAGE ADJUSTMENT TO GET FIN-BSMT RATE: 60
BASE RATE PERCENTAGE ADJUSTMENT TO GET FINATTIC RATE: 30
EXTERIOR FINISH RATE ADJUSTMENTS
CODE-ABREV. AMOUNT
1-FRAME -100 2-BRICK 0 3-FR & MAS 0
4-C. BLOCK -50 5-STUCCO 50 6-BD&BATEN 100
7-CEDAR 100 8-SID/SHEA -100 9-METL/GLS 0
10-TILE 100 11-AL/VYN 0 12-ASB/SD -200
13-CMP/SGL -250 14-WD SHG 150 15-LOGS 100
16-PERM/ST 225 17-MASONITE 0 18-CEMBOARD 150
19-BRICK/LC -50 20-BRICK/JB 350
HEAT & AIR COND. RATE ADJUSTMENTS
CODE-ABREV. AMOUNT
1-NONE -200 2-UNITS -100 3-CENTRAL 0
4-HT PUMP 0 5-WINDUNIT 0 6-SOLAR 100
7-FLR/WALL 0 8-ELECT-BB -100 9-CHWATER 300
10-STEAM 100 11-GASPACK 0 12-WOOD -200
13-RADIANT -100 14-HOTWATER 100 15-HOT-AIR 250
16-*BADCODE 0 21-PREFABFP 75
WALL HEIGHTS: 7 8 9 10 11 12 13 14
FACTORS: 0.922 0.947 0.973 1.000 1.027 1.055 1.084 1.114
STORY HGTS: 1.00 2.00 3.00 4.00 5.00 6.00 7.00 8.00
FACTORS: 1.00 1.03 1.03 1.04 1.04 1.04 1.04 1.04
483
181
STRUCTURE CLASS: 62-PRISON
GRADE- A GRADE- B GRADE- C GRADE- D GRADE- E
AREA RATE AREA RATE AREA RATE AREA RATE AREA RATE
2000 142.53 2000 115.92 2000 95.02 2000 77.91 2000 47.51
4000 139.36 4000 113.35 4000 95.91 4000 76.18 4000 46.45
6000 136.93 6000 111.37 6000 91.29 6000 74.86 6000 45.64
8000 135.25 8000 110.00 8000 90.17 8000 73.94 8000 45.08
10000 133.62 10000 108.68 10000 89.08 10000 73.04 10000 44.54
12000 130.81 12000 106.39 12000 87.21 12000 71.51 12000 43.60
14000 127.45 14000 103.66 14000 84.96 14000 69.67 14000 42.48
16000 123.42 16000 100.38 16000 82.28 16000 67.47 16000 41.14
FIREPLACE RATES:
0.00 0.00 0.00 0.00 0.00
FULL BATHRATES:
6000 4880 4000 3280 2000
HALF BATHRATES:
3900 3172 2600 2132 1300
FIXTURE RATES:
1980 1610 1320 1082 660
BASE RATE PERCENTAGE ADJUSTMENT TO GET UNF-BSMT RATE: 27
BASE RATE PERCENTAGE ADJUSTMENT TO GET S/F-BSMT RATE: 35
BASE RATE PERCENTAGE ADJUSTMENT TO GET FIN-BSMT RATE: 45
BASE RATE PERCENTAGE ADJUSTMENT TO GET FINATTIC RATE: 30
EXTERIOR FINISH RATE ADJUSTMENTS
CODE-ABREV. AMOUNT
1-FRAME 0 2-BRICK 0 3-FR & MAS 0
4-C. BLOCK 0 5-STUCCO 0 6-BD&BATEN 100
7-CEDAR 100 8-SID/SHEA -90 9-METL/GLS 150
10-TILE 0 11-AL/VYN 0 12-ASB/SD -90
13-CMP/SGL -250 14-WD SHG 150 15-LOGS 100
16-PERM/ST 150 17-MASONITE 0 18-CEMBOARD 100
19-BRICK/LC 0 20-BRICK/JB 325
HEAT & AIR COND. RATE ADJUSTMENTS
CODE-ABREV. AMOUNT
1-NONE -150 2-UNITS 0 3-CENTRAL 100
4-HT PUMP 220 5-WINDUNIT 0 6-SOLAR 100
7-FLR/WALL 0 8-ELECT-BB -100 9-CHWATER 400
10-STEAM 100 11-GASPACK 250 12-WOOD -100
13-RADIANT -100 14-HOTWATER 120 15-HOT-AIR 250
16-*BADCODE 0 17-CENT-A/C 150 21-PREFABFP 0
WALL HEIGHTS: 8 9 10 11 12 13 14 15
FACTORS: 0.900 0.928 0.953 0.977 1.000 1.023 1.046 1.069
STORY HGTS: 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00
FACTORS: 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00
484
182
STRUCTURE CLASS: 63-HIGH TECH INDUSTRIAL
GRADE- A GRADE- B GRADE- C GRADE- D GRADE- E
AREA RATE AREA RATE AREA RATE AREA RATE AREA RATE
1000 151.58 1000 123.28 1000 101.05 1000 82.86 1000 37.39
2000 136.82 2000 111.28 2000 91.21 2000 74.79 2000 33.75
3000 133.18 3000 108.32 3000 88.79 3000 72.81 3000 32.85
4000 130.67 4000 106.28 4000 87.11 4000 71.43 4000 32.23
6000 129.99 6000 105.73 6000 86.66 6000 71.06 6000 32.07
8000 127.69 8000 103.85 8000 85.13 8000 69.80 8000 31.50
10000 127.13 10000 103.40 10000 84.75 10000 69.50 10000 31.36
12000 125.76 12000 102.28 12000 83.84 12000 68.75 12000 31.02
FIREPLACE RATES:
0.00 0.00 0.00 0.00 0.00
FULL BATHRATES:
0 0 0 0 0
HALF BATHRATES:
0 0 0 0 0
FIXTURE RATES:
0 0 0 0 0
BASE RATE PERCENTAGE ADJUSTMENT TO GET UNF-BSMT RATE: 27
BASE RATE PERCENTAGE ADJUSTMENT TO GET S/F-BSMT RATE: 35
BASE RATE PERCENTAGE ADJUSTMENT TO GET FIN-BSMT RATE: 70
BASE RATE PERCENTAGE ADJUSTMENT TO GET FINATTIC RATE: 30
EXTERIOR FINISH RATE ADJUSTMENTS
CODE-ABREV. AMOUNT
1-FRAME 0 2-BRICK 250 3-FR & MAS 0
4-C. BLOCK 0 5-STUCCO 50 6-BD&BATEN 0
7-CEDAR 0 8-SID/SHEA 0 9-METL/GLS 0
10-TILE 0 11-AL/VYN 0 12-ASB/SD -50
13-CMP/SGL -100 14-WD SHG 0 15-LOGS 250
16-PERM/ST 250 17-MASONITE 0 18-CEMBOARD 200
19-BRICK/LC 0 20-BRICK/JB 325
HEAT & AIR COND. RATE ADJUSTMENTS
CODE-ABREV. AMOUNT
1-NONE -300 2-UNITS -300 3-CENTRAL 0
4-HT PUMP 300 5-WINDUNIT 0 6-SOLAR 0
7-FLR/WALL -250 8-ELECT-BB -190 9-CHWATER 200
10-STEAM 0 11-GASPACK 300 13-RADIANT -200
14-HOTWATER 0 17-CENT-A/C 300 21-PREFABFP 75
WALL HEIGHTS: 8 10 12 14 16 18 20 22
FACTORS: 0.885 0.921 0.960 1.000 1.041 1.086 1.133 1.181
STORY HGTS: 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00
FACTORS: 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00
485
183
STRUCTURE CLASS: 64-BOTTLING PLANT
GRADE- A GRADE- B GRADE- C GRADE- D GRADE- E
AREA RATE AREA RATE AREA RATE AREA RATE AREA RATE
2000 45.42 2000 36.95 2000 30.28 2000 24.83 2000 15.14
4000 41.75 4000 33.95 4000 27.83 4000 22.82 4000 13.92
6000 38.28 6000 31.13 6000 25.52 6000 20.93 6000 12.76
8000 35.67 8000 29.01 8000 23.78 8000 19.50 8000 11.89
10000 34.04 10000 27.69 10000 22.69 10000 18.61 10000 11.35
12000 32.80 12000 26.68 12000 21.87 12000 17.93 12000 10.93
14000 32.09 14000 26.10 14000 21.40 14000 17.54 14000 10.70
16000 31.43 16000 25.57 16000 20.96 16000 17.18 16000 10.48
FIREPLACE RATES:
6000.00 4880.00 4000.00 3280.00 2000.00
FULL BATHRATES:
6000 4880 4000 3280 2000
HALF BATHRATES:
3900 3172 2600 2132 1300
FIXTURE RATES:
1980 1610 1320 1082 660
BASE RATE PERCENTAGE ADJUSTMENT TO GET UNF-BSMT RATE: 27
BASE RATE PERCENTAGE ADJUSTMENT TO GET S/F-BSMT RATE: 35
BASE RATE PERCENTAGE ADJUSTMENT TO GET FIN-BSMT RATE: 60
BASE RATE PERCENTAGE ADJUSTMENT TO GET FINATTIC RATE: 30
EXTERIOR FINISH RATE ADJUSTMENTS
CODE-ABREV. AMOUNT
1-FRAME -250 2-BRICK 0 3-FR & MAS 0
4-C. BLOCK 0 5-STUCCO 50 6-BD&BATEN 0
7-CEDAR 150 8-SID/SHEA 0 9-METL/GLS 200
10-TILE 100 11-AL/VYN 0 12-ASB/SD -200
13-CMP/SGL -250 14-WD SHG 150 15-LOGS 100
16-PERM/ST 225 17-MASONITE 0 18-CEMBOARD 150
21-STONE 75 20-BRICK/JB 350
HEAT & AIR COND. RATE ADJUSTMENTS
CODE-ABREV. AMOUNT
1-NONE -100 2-UNITS 0 3-CENTRAL 150
4-HT PUMP 300 5-WINDUNIT 0 6-SOLAR 100
7-FLR/WALL 0 8-ELECT-BB -100 9-CHWATER 300
10-STEAM 100 11-GASPACK 300 12-WOOD -100
13-RADIANT -100 14-HOTWATER 200 15-HOT-AIR 200
16-*BADCODE 0 17-CENT-A/C 125 21-PREFABFP 75
19-*BADCODE 0 20-*BADCODE 350
WALL HEIGHTS: 8 10 12 14 16 18 20 22
FACTORS: 0.885 0.921 0.960 1.000 1.041 1.086 1.133 1.181
STORY HGTS: 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00
FACTORS: 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00
486
184
STRUCTURE CLASS: 65-CHEMICAL PLANT
GRADE- A GRADE- B GRADE- C GRADE- D GRADE- E
AREA RATE AREA RATE AREA RATE AREA RATE AREA RATE
2000 34.96 2000 29.14 2000 23.31 2000 18.65 2000 12.82
4000 32.14 4000 26.79 4000 21.43 4000 17.14 4000 11.79
6000 29.47 6000 24.56 6000 19.65 6000 15.72 6000 10.81
8000 27.47 8000 22.89 8000 18.32 8000 14.65 8000 10.07
10000 26.20 10000 21.84 10000 17.47 10000 13.97 10000 9.61
12000 25.25 12000 21.04 12000 16.83 12000 13.46 12000 9.26
14000 24.72 14000 20.60 14000 16.48 14000 13.18 14000 9.06
16000 24.21 16000 20.17 16000 16.14 16000 12.91 16000 8.88
FIREPLACE RATES:
0.00 0.00 0.00 0.00 0.00
FULL BATHRATES:
3000 2440 2000 1640 1000
HALF BATHRATES:
1950 1586 1300 1066 650
FIXTURE RATES:
990 805 660 541 330
BASE RATE PERCENTAGE ADJUSTMENT TO GET UNF-BSMT RATE: 27
BASE RATE PERCENTAGE ADJUSTMENT TO GET S/F-BSMT RATE: 35
BASE RATE PERCENTAGE ADJUSTMENT TO GET FIN-BSMT RATE: 45
BASE RATE PERCENTAGE ADJUSTMENT TO GET FINATTIC RATE: 30
EXTERIOR FINISH RATE ADJUSTMENTS
CODE-ABREV. AMOUNT
1-FRAME 0 2-BRICK 0 3-FR & MAS 0
4-C. BLOCK 0 5-STUCCO 0 6-BD&BATEN 0
7-CEDAR 0 8-SID/SHEA 0 9-METL/GLS 0
10-TILE 0 11-AL/VYN 0 12-ASB/SD 0
13-CMP/SGL 0 14-WD SHG 0 15-LOGS 0
16-PERM/ST 0 17-MASONITE 0 18-CEMBOARD 0
19-BRICK/LC 0 20-BRICK/JB 0
HEAT & AIR COND. RATE ADJUSTMENTS
CODE-ABREV. AMOUNT
1-NONE -30 2-UNITS 0 3-CENTRAL 120
4-HT PUMP 200 5-WINDUNIT 0 6-SOLAR 0
7-FLR/WALL 20 8-ELECT-BB 50 9-CHWATER 500
10-STEAM 170 11-GASPACK 200 13-RADIANT 60
14-HOTWATER 170 15-HOT-AIR 0 17-CENT-A/C 150
21-PREFABFP 0
WALL HEIGHTS: 8 10 12 14 16 18 20 22
FACTORS: 0.885 0.921 0.960 1.000 1.041 1.086 1.133 1.186
STORY HGTS: 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00
FACTORS: 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00
487
185
STRUCTURE CLASS: 66-DAIRY PLANT
GRADE- A GRADE- B GRADE- C GRADE- D GRADE- E
AREA RATE AREA RATE AREA RATE AREA RATE AREA RATE
2000 34.96 2000 29.14 2000 23.31 2000 18.65 2000 12.82
4000 32.14 4000 26.79 4000 21.43 4000 17.14 4000 11.79
6000 29.47 6000 24.56 6000 19.65 6000 15.72 6000 10.81
8000 27.47 8000 22.89 8000 18.32 8000 14.65 8000 10.07
10000 26.20 10000 21.84 10000 17.47 10000 13.97 10000 9.61
12000 25.25 12000 21.04 12000 16.83 12000 13.46 12000 9.26
14000 24.72 14000 20.60 14000 16.48 14000 13.18 14000 9.06
16000 24.21 16000 20.17 16000 16.14 16000 12.91 16000 8.88
FIREPLACE RATES:
0.00 0.00 0.00 0.00 0.00
FULL BATHRATES:
3000 2440 2000 1640 1000
HALF BATHRATES:
1950 1586 1300 1066 650
FIXTURE RATES:
990 805 660 541 330
BASE RATE PERCENTAGE ADJUSTMENT TO GET UNF-BSMT RATE: 27
BASE RATE PERCENTAGE ADJUSTMENT TO GET S/F-BSMT RATE: 35
BASE RATE PERCENTAGE ADJUSTMENT TO GET FIN-BSMT RATE: 45
BASE RATE PERCENTAGE ADJUSTMENT TO GET FINATTIC RATE: 30
EXTERIOR FINISH RATE ADJUSTMENTS
CODE-ABREV. AMOUNT
1-FRAME 0 2-BRICK 0 3-FR & MAS 0
4-C. BLOCK 0 5-STUCCO 0 6-BD&BATEN 0
7-CEDAR 0 8-SID/SHEA 0 9-METL/GLS 0
10-TILE 0 11-AL/VYN 0 12-ASB/SD 0
13-CMP/SGL 0 14-WD SHG 0 15-LOGS 0
16-PERM/ST 0 17-MASONITE 0 18-CEMBOARD 0
19-BRICK/LC 0 20-BRICK/JB 0
HEAT & AIR COND. RATE ADJUSTMENTS
CODE-ABREV. AMOUNT
1-NONE -30 2-UNITS 0 3-CENTRAL 120
4-HT PUMP 200 5-WINDUNIT 0 6-SOLAR 0
7-FLR/WALL 20 8-ELECT-BB 50 9-CHWATER 500
10-STEAM 170 11-GASPACK 200 13-RADIANT 60
14-HOTWATER 170 17-CENT-A/C 150 21-PREFABFP 0
WALL HEIGHTS: 8 10 12 14 16 18 20 22
FACTORS: 0.885 0.921 0.960 1.000 1.041 1.086 1.133 1.186
STORY HGTS: 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00
FACTORS: 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00
488
186
STRUCTURE CLASS: 67-DOUBLEWIDE/TRIPLEWIDE
GRADE- A GRADE- B GRADE- C GRADE- D GRADE- E
AREA RATE AREA RATE AREA RATE AREA RATE AREA RATE
1000 61.37 1000 54.57 1000 47.25 1000 42.52 1000 37.80
1200 61.10 1200 54.33 1200 47.04 1200 42.33 1200 37.63
1400 60.80 1400 54.06 1400 46.81 1400 42.12 1400 37.44
1600 60.24 1600 53.56 1600 46.38 1600 41.74 1600 37.10
1800 59.51 1800 52.92 1800 45.82 1800 41.23 1800 36.65
2000 56.83 2000 50.53 2000 43.75 2000 39.37 2000 35.00
2200 54.27 2200 48.25 2200 41.78 2200 37.60 2200 33.42
2400 54.01 2400 48.02 2400 41.58 2400 37.42 2400 33.26
FIREPLACE RATES:
3000.00 2440.00 2000.00 1640.00 1000.00
CHIMNEY RATES:
1050.00 854.00 700.00 574.00 350.00
FULL BATHRATES:
3750 3050 2500 2050 1250
HALF BATHRATES:
2437 1982 1625 1332 812
FIXTURE RATES:
1238 1007 825 677 413
BASE RATE PERCENTAGE ADJUSTMENT TO GET UNF-BSMT RATE: 27
BASE RATE PERCENTAGE ADJUSTMENT TO GET S/F-BSMT RATE: 35
BASE RATE PERCENTAGE ADJUSTMENT TO GET FIN-BSMT RATE: 60
BASE RATE PERCENTAGE ADJUSTMENT TO GET FINATTIC RATE: 30
EXTERIOR FINISH RATE ADJUSTMENTS
CODE-ABREV. AMOUNT
1-FRAME 0 2-BRICK 225 3-FR & MAS 100
4-C. BLOCK 0 5-STUCCO 50 6-BD&BATEN 125
7-CEDAR 150 8-SID/SHEA 0 9-METL/GLS 0
10-TILE 100 11-AL/VYN 0 12-ASB/SD -200
13-CMP/SGL -250 14-WD SHG 150 15-LOGS 150
16-PERM/ST 225 17-MASONITE 0 18-CEMBOARD 150
19-BRICK/LC 0 20-BRICK/JB 0
HEAT & AIR COND. RATE ADJUSTMENTS
CODE-ABREV. AMOUNT
1-NONE -100 2-UNITS 0 3-CENTRAL 100
4-HT PUMP 250 5-WINDUNIT 0 6-SOLAR 0
7-FLR/WALL 0 8-ELECT-BB 0 9-CHWATER 0
10-STEAM 0 11-GASPACK 250 12-WOOD -100
13-RADIANT 0 14-HOTWATER 0 15-HOT-AIR 0
16-*BADCODE 0 17-CENT-A/C 200 21-PREFABFP 75
WALL HEIGHTS: 0 0 0 0 0 0 0 0
FACTORS: 0.000 0.000 0.000 0.000 0.000 0.000 0.000 0.000
STORY HGTS: 1.00 1.25 1.50 1.75 2.00 2.25 2.50 3.00
FACTORS: 1.00 1.00 0.94 0.94 0.94 0.94 0.95 0.95
489
187
STRUCTURE CLASS: 68-MANSION
GRADE- A GRADE- B GRADE- C GRADE- D GRADE- E
AREA RATE AREA RATE AREA RATE AREA RATE AREA RATE
500 160.29 500 130.37 500 106.86 500 87.63 500 53.43
1600 158.42 1600 128.84 1600 105.61 1600 86.60 1600 52.81
2100 155.55 2100 126.51 2100 103.70 2100 85.03 2100 51.85
3100 152.04 3100 123.66 3100 101.36 3100 83.12 3100 50.68
5000 146.00 5000 118.74 5000 97.33 5000 79.81 5000 48.67
6000 143.70 6000 116.88 6000 95.80 6000 78.56 6000 47.90
7000 134.40 7000 109.31 7000 89.60 7000 73.47 7000 44.80
8000 129.60 8000 105.41 8000 86.40 8000 70.85 8000 43.20
FIREPLACE RATES:
7500.00 6100.00 5000.00 4100.00 2500.00
CHIMNEY RATES:
3750.00 3050.00 2500.00 2050.00 1250.00
FULL BATHRATES:
7500 6100 5000 4100 2500
HALF BATHRATES:
4875 3965 3250 2665 1625
FIXTURE RATES:
2475 2013 1650 1353 825
BASE RATE PERCENTAGE ADJUSTMENT TO GET UNF-BSMT RATE: 27
BASE RATE PERCENTAGE ADJUSTMENT TO GET S/F-BSMT RATE: 40
BASE RATE PERCENTAGE ADJUSTMENT TO GET FIN-BSMT RATE: 75
BASE RATE PERCENTAGE ADJUSTMENT TO GET FINATTIC RATE: 30
EXTERIOR FINISH RATE ADJUSTMENTS
CODE-ABREV. AMOUNT
1-FRAME 0 2-BRICK 275 3-FR & MAS 175
4-C. BLOCK -15 5-STUCCO 50 6-BD&BATEN 0
7-CEDAR 100 8-SID/SHEA 0 9-METL/GLS 200
10-TILE 100 11-AL/VYN 0 12-ASB/SD -200
13-CMP/SGL -250 14-WD SHG 130 15-LOGS 250
16-PERM/ST 0 17-MASONITE 0 18-CEMBOARD 225
19-BRICK/LC 70 20-BRICK/JB 325
HEAT & AIR COND. RATE ADJUSTMENTS
CODE-ABREV. AMOUNT
1-NONE -200 2-UNITS -200 3-CENTRAL 0
4-HT PUMP 300 5-WINDUNIT 0 6-SOLAR 0
7-FLR/WALL 0 8-ELECT-BB -150 9-CHWATER 200
10-STEAM 200 11-GASPACK 300 13-RADIANT 90
12-WOOD -200 14-HOTWATER 200 15-HOT-AIR 275
17-CENT-A/C 300 21-PREFABFP 75
WALL HEIGHTS: 0 0 0 0 0 0 0 0
FACTORS: 0.000 0.000 0.000 0.000 0.000 0.000 0.000 0.000
STORY HGTS: 1.00 1.25 1.50 1.75 2.00 2.25 2.50 3.00
FACTORS: 1.00 1.00 0.94 0.94 0.94 0.94 0.95 0.95
490
188
STRUCTURE CLASS: 69-LAUNDROMAT
GRADE- A GRADE- B GRADE- C GRADE- D GRADE- E
AREA RATE AREA RATE AREA RATE AREA RATE AREA RATE
1000 74.42 1000 60.52 1000 49.61 1000 40.68 1000 24.81
1250 72.96 1250 59.34 1250 48.64 1250 39.89 1250 24.32
1500 71.53 1500 58.18 1500 47.69 1500 39.10 1500 23.84
1750 70.13 1750 57.04 1750 46.75 1750 38.34 1750 23.38
2000 68.72 2000 55.89 2000 45.82 2000 37.57 2000 22.91
4500 67.35 4500 54.78 4500 44.90 4500 36.82 4500 22.45
7000 66.00 7000 53.68 7000 44.00 7000 36.08 7000 22.00
9500 63.36 9500 51.53 9500 42.24 9500 34.64 9500 21.12
FIREPLACE RATES:
0.00 0.00 0.00 0.00 0.00
FULL BATHRATES:
4500 3660 3000 2460 1500
HALF BATHRATES:
2925 2379 1950 1599 975
FIXTURE RATES:
1485 1208 990 812 495
BASE RATE PERCENTAGE ADJUSTMENT TO GET UNF-BSMT RATE: 27
BASE RATE PERCENTAGE ADJUSTMENT TO GET S/F-BSMT RATE: 35
BASE RATE PERCENTAGE ADJUSTMENT TO GET FIN-BSMT RATE: 45
BASE RATE PERCENTAGE ADJUSTMENT TO GET FINATTIC RATE: 30
EXTERIOR FINISH RATE ADJUSTMENTS
CODE-ABREV. AMOUNT
1-FRAME -100 2-BRICK 0 3-FR & MAS 0
4-C. BLOCK 0 5-STUCCO 50 6-BD&BATEN 100
7-CEDAR 100 8-SID/SHEA 0 9-METL/GLS 125
10-TILE 100 11-AL/VYN 0 12-ASB/SD -200
13-CMP/SGL -250 14-WD SHG 150 15-LOGS 100
16-PERM/ST 225 17-MASONITE 0 18-CEMBOARD 150
19-BRICK/LC -50 20-BRICK/JB 350
HEAT & AIR COND. RATE ADJUSTMENTS
CODE-ABREV. AMOUNT
1-NONE -100 2-UNITS 0 3-CENTRAL 150
4-HT PUMP 300 5-WINDUNIT 0 6-SOLAR 0
7-FLR/WALL 0 8-ELECT-BB 0 9-CHWATER 300
10-STEAM 100 11-GASPACK 300 12-WOOD -100
13-RADIANT 0 14-HOTWATER 100 15-HOT-AIR 200
16-*BADCODE 0 17-CENT-A/C 150 21-PREFABFP 0
WALL HEIGHTS: 8 10 11 12 13 14 15 16
FACTORS: 0.915 0.957 0.979 1.000 1.021 1.042 1.064 1.085
STORY HGTS: 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00
FACTORS: 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00
491
189
STRUCTURE CLASS: 70-SKATING RINK
GRADE- A GRADE- B GRADE- C GRADE- D GRADE- E
AREA RATE AREA RATE AREA RATE AREA RATE AREA RATE
2000 77.10 2000 62.71 2000 51.40 2000 42.15 2000 25.70
4000 75.55 4000 61.45 4000 50.37 4000 41.30 4000 25.18
6000 74.04 6000 60.22 6000 49.36 6000 40.47 6000 24.68
8000 72.57 8000 59.02 8000 48.38 8000 39.67 8000 24.19
10000 70.37 10000 57.24 10000 46.92 10000 38.47 10000 23.46
12000 67.57 12000 54.95 12000 45.05 12000 36.94 12000 22.52
14000 64.88 14000 52.75 14000 43.24 14000 35.46 14000 21.62
16000 61.61 16000 50.11 16000 41.07 16000 33.68 16000 20.54
FIREPLACE RATES:
6000.00 4880.00 4000.00 3280.00 2000.00
FULL BATHRATES:
6000 4880 4000 3280 2000
HALF BATHRATES:
3900 3172 2600 2132 1300
FIXTURE RATES:
1980 1610 1320 1082 660
BASE RATE PERCENTAGE ADJUSTMENT TO GET UNF-BSMT RATE: 27
BASE RATE PERCENTAGE ADJUSTMENT TO GET S/F-BSMT RATE: 35
BASE RATE PERCENTAGE ADJUSTMENT TO GET FIN-BSMT RATE: 60
BASE RATE PERCENTAGE ADJUSTMENT TO GET FINATTIC RATE: 30
EXTERIOR FINISH RATE ADJUSTMENTS
CODE-ABREV. AMOUNT
1-FRAME 0 2-BRICK 225 3-FR & MAS 150
4-C. BLOCK 50 5-STUCCO 50 6-BD&BATEN 100
7-CEDAR 100 8-SID/SHEA 0 9-METL/GLS 150
10-TILE 100 11-AL/VYN 0 12-ASB/SD -200
13-CMP/SGL -250 14-WD SHG 150 15-LOGS 100
16-PERM/ST 225 17-MASONITE 0 18-CEMBOARD 150
19-BRICK/LC -50 20-BRICK/JB 350
HEAT & AIR COND. RATE ADJUSTMENTS
CODE-ABREV. AMOUNT
1-NONE -200 2-UNITS 0 3-CENTRAL 150
4-HT PUMP 300 5-WINDUNIT 0 6-SOLAR 100
7-FLR/WALL 0 8-ELECT-BB 0 9-CHWATER 300
10-STEAM 100 11-GASPACK 300 12-WOOD -200
13-RADIANT 0 14-HOTWATER 150 15-HOT-AIR 225
16-*BADCODE 0 17-CENT-A/C 150 21-PREFABFP 75
WALL HEIGHTS: 8 10 12 14 16 18 20 22
FACTORS: 0.776 0.833 0.889 0.945 1.000 1.054 1.106 1.158
STORY HGTS: 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00
FACTORS: 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00
492
190
STRUCTURE CLASS: 71-SINGLE-WIDE MOBILE HOME
GRADE- A GRADE- B GRADE- C GRADE- D GRADE- E
AREA RATE AREA RATE AREA RATE AREA RATE AREA RATE
560 48.43 560 43.06 560 37.28 560 33.55 560 29.82
720 42.94 720 38.18 720 33.06 720 29.75 720 26.44
860 40.64 860 36.13 860 31.28 860 28.16 860 25.03
1000 39.29 1000 34.94 1000 30.25 1000 27.23 1000 24.20
1150 38.18 1150 33.95 1150 29.39 1150 26.45 1150 23.51
1300 37.21 1300 33.08 1300 28.64 1300 25.78 1300 22.92
1370 36.78 1370 32.70 1370 28.31 1370 25.48 1370 22.65
1440 36.38 1440 32.35 1440 28.01 1440 25.21 1440 22.40
FIREPLACE RATES:
1540.00 1395.00 1200.00 1035.00 940.00
CHIMNEY RATES:
539.00 488.25 420.00 362.25 329.00
FULL BATHRATES:
3000 2440 2000 1640 1000
HALF BATHRATES:
1950 1586 1300 1066 650
FIXTURE RATES:
990 805 660 541 330
BASE RATE PERCENTAGE ADJUSTMENT TO GET UNF-BSMT RATE: 27
BASE RATE PERCENTAGE ADJUSTMENT TO GET S/F-BSMT RATE: 35
BASE RATE PERCENTAGE ADJUSTMENT TO GET FIN-BSMT RATE: 60
BASE RATE PERCENTAGE ADJUSTMENT TO GET FINATTIC RATE: 30
EXTERIOR FINISH RATE ADJUSTMENTS
CODE-ABREV. AMOUNT
1-FRAME 0 2-BRICK 100 3-FR & MAS 0
4-C. BLOCK 50 5-STUCCO 0 6-BD&BATEN 0
7-CEDAR 0 8-SID/SHEA 0 9-METL/GLS 0
10-TILE 0 11-AL/VYN 0 12-ASB/SD 0
13-CMP/SGL 0 14-WD SHG 0 15-LOGS 0
16-PERM/ST 0 17-MASONITE 0 18-CEMBOARD 0
19-BRICK/LC 0 20-BRICK/JB 0
HEAT & AIR COND. RATE ADJUSTMENTS
CODE-ABREV. AMOUNT
1-NONE 0 2-UNITS 0 3-CENTRAL 100
4-HT PUMP 250 5-WINDUNIT 0 6-SOLAR 0
7-FLR/WALL 0 8-ELECT-BB 0 9-CHWATER 0
10-STEAM 0 11-GASPACK 250 12-WOOD 0
13-RADIANT 0 14-HOTWATER 0 15-HOT-AIR 0
16-*BADCODE 0 17-CENT-A/C 200 18-*BADCODE 0
19-*BADCODE 0 21-PREFABFP 75
WALL HEIGHTS: 0 0 0 0 0 0 0 0
FACTORS: 0.000 0.000 0.000 0.000 0.000 0.000 0.000 0.000
STORY HGTS: 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00
FACTORS: 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00
493
191
STRUCTURE CLASS: 72-RURAL RETAIL
GRADE- A GRADE- B GRADE- C GRADE- D GRADE- E
AREA RATE AREA RATE AREA RATE AREA RATE AREA RATE
1000 53.76 1000 43.72 1000 35.84 1000 29.39 1000 17.92
1300 52.59 1300 42.77 1300 35.06 1300 28.75 1300 17.53
1800 51.68 1800 42.03 1800 34.45 1800 28.25 1800 17.23
3500 51.07 3500 41.53 3500 34.05 3500 27.92 3500 17.02
6000 49.53 6000 40.29 6000 33.02 6000 27.08 6000 16.51
8500 46.86 8500 38.11 8500 31.24 8500 25.62 8500 15.62
11000 43.26 11000 35.19 11000 28.84 11000 23.65 11000 14.42
13500 39.07 13500 31.78 13500 26.05 13500 21.36 13500 13.02
FIREPLACE RATES:
6000.00 4880.00 4000.00 3280.00 2000.00
FULL BATHRATES:
6000 4880 4000 3280 2000
HALF BATHRATES:
3900 3172 2600 2132 1300
FIXTURE RATES:
1980 1610 1320 1082 660
BASE RATE PERCENTAGE ADJUSTMENT TO GET UNF-BSMT RATE: 27
BASE RATE PERCENTAGE ADJUSTMENT TO GET S/F-BSMT RATE: 35
BASE RATE PERCENTAGE ADJUSTMENT TO GET FIN-BSMT RATE: 60
BASE RATE PERCENTAGE ADJUSTMENT TO GET FINATTIC RATE: 30
EXTERIOR FINISH RATE ADJUSTMENTS
CODE-ABREV. AMOUNT
1-FRAME 0 2-BRICK 225 3-FR & MAS 100
4-C. BLOCK 0 5-STUCCO 50 6-BD&BATEN 100
7-CEDAR 100 8-SID/SHEA 0 9-METL/GLS 125
10-TILE 100 11-AL/VYN 0 12-ASB/SD -200
13-CMP/SGL -250 14-WD SHG 150 15-LOGS 100
16-PERM/ST 225 17-MASONITE 0 18-CEMBOARD 100
19-BRICK/LC -50 20-BRICK/JB 350
HEAT & AIR COND. RATE ADJUSTMENTS
CODE-ABREV. AMOUNT
1-NONE -100 2-UNITS 0 3-CENTRAL 150
4-HT PUMP 300 5-WINDUNIT 0 6-SOLAR 100
7-FLR/WALL 0 8-ELECT-BB 0 9-CHWATER 300
10-STEAM 150 11-GASPACK 300 12-WOOD -100
13-RADIANT 0 14-HOTWATER 150 15-HOT-AIR 250
16-*BADCODE 0 17-CENT-A/C 150 21-PREFABFP 75
19-*BADCODE 0 20-*BADCODE 0
WALL HEIGHTS: 8 10 11 12 13 14 15 16
FACTORS: 0.915 0.957 0.979 1.000 1.021 1.042 1.064 1.085
STORY HGTS: 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00
FACTORS: 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00
494
192
STRUCTURE CLASS: 73-FAST FOOD CONVENIENCE STORE
GRADE- A GRADE- B GRADE- C GRADE- D GRADE- E
AREA RATE AREA RATE AREA RATE AREA RATE AREA RATE
1400 142.31 1400 115.75 1400 94.88 1400 77.80 1400 47.44
1900 131.47 1900 106.93 1900 87.65 1900 71.87 1900 43.82
2400 126.59 2400 102.96 2400 84.39 2400 69.20 2400 42.20
2900 118.37 2900 96.28 2900 78.91 2900 64.71 2900 39.46
3400 115.40 3400 93.86 3400 76.93 3400 63.09 3400 38.47
3900 113.65 3900 92.44 3900 75.77 3900 62.13 3900 37.88
4400 112.12 4400 91.19 4400 74.75 4400 61.29 4400 37.37
4750 111.31 4750 90.53 4750 74.21 4750 60.85 4750 37.10
FIREPLACE RATES:
6000.00 4880.00 4000.00 3280.00 2000.00
FULL BATHRATES:
6000 4880 4000 3280 2000
HALF BATHRATES:
3900 3172 2600 2132 1300
FIXTURE RATES:
1980 1610 1320 1082 660
BASE RATE PERCENTAGE ADJUSTMENT TO GET UNF-BSMT RATE: 27
BASE RATE PERCENTAGE ADJUSTMENT TO GET S/F-BSMT RATE: 35
BASE RATE PERCENTAGE ADJUSTMENT TO GET FIN-BSMT RATE: 60
BASE RATE PERCENTAGE ADJUSTMENT TO GET FINATTIC RATE: 30
EXTERIOR FINISH RATE ADJUSTMENTS
CODE-ABREV. AMOUNT
1-FRAME -200 2-BRICK 0 3-FR & MAS 0
4-C. BLOCK -100 5-STUCCO 50 6-BD&BATEN 100
7-CEDAR 100 8-SID/SHEA -100 9-METL/GLS 100
10-TILE 100 11-AL/VYN 0 12-ASB/SD -200
13-CMP/SGL -250 14-WD SHG 150 15-LOGS 100
16-PERM/ST 225 17-MASONITE 0 18-CEMBOARD 150
19-BRICK/LC -50 20-BRICK/JB 350
HEAT & AIR COND. RATE ADJUSTMENTS
CODE-ABREV. AMOUNT
1-NONE -200 2-UNITS -100 3-CENTRAL 0
4-HT PUMP 275 5-WINDUNIT -150 6-SOLAR 0
7-FLR/WALL 0 8-ELECT-BB 0 9-CHWATER 300
10-STEAM 100 11-GASPACK 300 12-WOOD -200
13-RADIANT 0 14-HOTWATER 100 15-HOT-AIR 200
16-*BADCODE 0 17-CENT-A/C 150 18-*BADCODE 0
21-PREFABFP 75 20-*BADCODE 0
WALL HEIGHTS: 8 10 11 12 13 14 15 16
FACTORS: 0.915 0.957 0.979 1.000 1.021 1.042 1.064 1.085
STORY HGTS: 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00
FACTORS: 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00
495
193
STRUCTURE CLASS: 74-MORTUARY
GRADE- A GRADE- B GRADE- C GRADE- D GRADE- E
AREA RATE AREA RATE AREA RATE AREA RATE AREA RATE
2000 102.48 2000 83.35 2000 68.32 2000 56.02 2000 34.16
3000 100.47 3000 81.71 3000 66.98 3000 54.92 3000 33.49
4000 98.51 4000 80.12 4000 65.67 4000 53.85 4000 32.84
6000 96.57 6000 78.55 6000 64.38 6000 52.79 6000 32.19
8000 94.63 8000 76.96 8000 63.09 8000 51.73 8000 31.54
10000 92.75 10000 75.43 10000 61.83 10000 50.70 10000 30.92
12000 90.88 12000 73.92 12000 60.59 12000 49.68 12000 30.29
14500 86.34 14500 70.23 14500 57.56 14500 47.20 14500 28.78
FIREPLACE RATES:
6000.00 4880.00 4000.00 3280.00 2000.00
FULL BATHRATES:
6000 4880 4000 3280 2000
HALF BATHRATES:
3900 3172 2600 2132 1300
FIXTURE RATES:
1980 1610 1320 1082 660
BASE RATE PERCENTAGE ADJUSTMENT TO GET UNF-BSMT RATE: 27
BASE RATE PERCENTAGE ADJUSTMENT TO GET S/F-BSMT RATE: 35
BASE RATE PERCENTAGE ADJUSTMENT TO GET FIN-BSMT RATE: 60
BASE RATE PERCENTAGE ADJUSTMENT TO GET FINATTIC RATE: 30
EXTERIOR FINISH RATE ADJUSTMENTS
CODE-ABREV. AMOUNT
1-FRAME 0 2-BRICK 150 3-FR & MAS 0
4-C. BLOCK -50 5-STUCCO 50 6-BD&BATEN 100
7-CEDAR 100 8-SID/SHEA 0 9-METL/GLS 150
10-TILE 100 11-AL/VYN 0 12-ASB/SD -200
13-CMP/SGL -250 14-WD SHG 150 15-LOGS 100
16-PERM/ST 225 17-MASONITE 0 18-CEMBOARD 150
19-BRICK/LC -50 20-BRICK/JB 350
HEAT & AIR COND. RATE ADJUSTMENTS
CODE-ABREV. AMOUNT
1-NONE -200 2-UNITS -150 3-CENTRAL 0
4-HT PUMP 0 5-WINDUNIT 0 6-SOLAR 100
7-FLR/WALL 0 8-ELECT-BB 0 9-CHWATER 300
10-STEAM 150 11-GASPACK 0 12-WOOD -200
13-RADIANT 0 14-HOTWATER 175 15-HOT-AIR 250
16-*BADCODE 0 17-CENT-A/C 0 21-PREFABFP 75
19-*BADCODE 0 20-*BADCODE 0
WALL HEIGHTS: 7 8 9 10 11 12 13 14
FACTORS: 0.922 0.947 0.973 1.000 1.027 1.055 1.084 1.114
STORY HGTS: 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00
FACTORS: 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00
496
194
STRUCTURE CLASS: 75-DETACHED GARAGE UNFINISHED
GRADE- A GRADE- B GRADE- C GRADE- D GRADE- E
AREA RATE AREA RATE AREA RATE AREA RATE AREA RATE
300 39.08 300 31.79 300 26.05 300 21.36 300 13.03
420 37.13 420 30.20 420 24.75 420 20.30 420 12.38
550 35.26 550 28.68 550 23.51 550 19.28 550 11.75
670 33.13 670 26.94 670 22.08 670 18.11 670 11.04
800 29.83 800 24.26 800 19.89 800 16.31 800 9.94
920 26.84 920 21.83 920 17.89 920 14.67 920 8.95
1100 24.15 1100 19.64 1100 16.10 1100 13.20 1100 8.05
1350 21.74 1350 17.68 1350 14.49 1350 11.88 1350 7.25
FIREPLACE RATES:
6000.00 4880.00 4000.00 3280.00 2000.00
FULL BATHRATES:
6000 4880 4000 3280 2000
HALF BATHRATES:
3900 3172 2600 2132 1300
FIXTURE RATES:
1980 1610 1320 1082 660
BASE RATE PERCENTAGE ADJUSTMENT TO GET UNF-BSMT RATE: 27
BASE RATE PERCENTAGE ADJUSTMENT TO GET S/F-BSMT RATE: 35
BASE RATE PERCENTAGE ADJUSTMENT TO GET FIN-BSMT RATE: 60
BASE RATE PERCENTAGE ADJUSTMENT TO GET FINATTIC RATE: 30
EXTERIOR FINISH RATE ADJUSTMENTS
CODE-ABREV. AMOUNT
1-FRAME 0 2-BRICK 225 3-FR & MAS 150
4-C. BLOCK 0 5-STUCCO 50 6-BD&BATEN 100
7-CEDAR 100 8-SID/SHEA 0 9-METL/GLS 150
10-TILE 100 11-AL/VYN 50 12-ASB/SD -200
13-CMP/SGL -250 14-WD SHG 150 15-LOGS 100
16-PERM/ST 225 17-MASONITE 0 18-CEMBOARD 150
19-BRICK/LC -50 20-BRICK/JB 350
HEAT & AIR COND. RATE ADJUSTMENTS
CODE-ABREV. AMOUNT
1-NONE 0 2-UNITS 0 3-CENTRAL 0
4-HT PUMP 0 5-WINDUNIT 0 6-SOLAR 0
7-FLR/WALL 0 8-ELECT-BB 0 9-CHWATER 0
10-STEAM 0 11-GASPACK 0 12-WOOD 0
13-RADIANT 0 14-HOTWATER 0 15-HOT-AIR 0
16-*BADCODE 0 17-CENT-A/C 0 21-PREFABFP 0
WALL HEIGHTS: 0 0 0 0 0 0 0 0
FACTORS: 0.000 0.000 0.000 0.000 0.000 0.000 0.000 0.000
STORY HGTS: 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00
FACTORS: 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00
STRUCTURE CLASS: 76-DETACHED GARAGE FINISHED
497
195
GRADE- A GRADE- B GRADE- C GRADE- D GRADE- E
AREA RATE AREA RATE AREA RATE AREA RATE AREA RATE
300 46.19 300 37.57 300 30.80 300 25.25 300 15.40
420 43.87 420 35.68 420 29.25 420 23.98 420 14.62
550 41.68 550 33.90 550 27.78 550 22.78 550 13.89
670 39.22 670 31.90 670 26.15 670 21.44 670 13.07
800 35.63 800 28.98 800 23.75 800 19.48 800 11.88
920 32.33 920 26.30 920 21.56 920 17.68 920 10.78
1100 29.39 1100 23.90 1100 19.59 1100 16.06 1100 9.80
1350 26.72 1350 21.73 1350 17.81 1350 14.60 1350 8.91
FIREPLACE RATES:
6000.00 4880.00 4000.00 3280.00 2000.00
FULL BATHRATES:
6000 4880 4000 3280 2000
HALF BATHRATES:
3900 3172 2600 2132 1300
FIXTURE RATES:
1980 1610 1320 1082 660
BASE RATE PERCENTAGE ADJUSTMENT TO GET UNF-BSMT RATE: 27
BASE RATE PERCENTAGE ADJUSTMENT TO GET S/F-BSMT RATE: 35
BASE RATE PERCENTAGE ADJUSTMENT TO GET FIN-BSMT RATE: 60
BASE RATE PERCENTAGE ADJUSTMENT TO GET FINATTIC RATE: 30
EXTERIOR FINISH RATE ADJUSTMENTS
CODE-ABREV. AMOUNT
1-FRAME 0 2-BRICK 225 3-FR & MAS 150
4-C. BLOCK 0 5-STUCCO 50 6-BD&BATEN 100
7-CEDAR 100 8-SID/SHEA 0 9-METL/GLS 150
10-TILE 100 11-AL/VYN 50 12-ASB/SD -200
13-CMP/SGL -250 14-WD SHG 150 15-LOGS 100
16-PERM/ST 225 17-MASONITE 0 18-CEMBOARD 150
19-BRICK/LC -50 20-BRICK/JB 350
HEAT & AIR COND. RATE ADJUSTMENTS
CODE-ABREV. AMOUNT
1-NONE 0 2-UNITS 0 3-CENTRAL 0
4-HT PUMP 0 5-WINDUNIT 0 6-SOLAR 0
7-FLR/WALL 0 8-ELECT-BB 0 9-CHWATER 0
10-STEAM 0 11-GASPACK 0 12-WOOD 0
13-RADIANT 0 14-HOTWATER 0 15-HOT-AIR 0
16-*BADCODE 0 17-CENT-A/C 0 21-PREFABFP 0
WALL HEIGHTS: 0 0 0 0 0 0 0 0
FACTORS: 0.000 0.000 0.000 0.000 0.000 0.000 0.000 0.000
STORY HGTS: 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00
FACTORS: 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00
STRUCTURE CLASS: 77-ATTACHED GARAGE FINISHED
498
196
GRADE- A GRADE- B GRADE- C GRADE- D GRADE- E
AREA RATE AREA RATE AREA RATE AREA RATE AREA RATE
300 33.11 300 26.93 300 22.07 300 18.10 300 11.04
420 27.25 420 22.16 420 18.17 420 14.90 420 9.08
550 23.07 550 18.76 550 15.38 550 12.61 550 7.69
670 22.26 670 18.10 670 14.84 670 12.17 670 7.42
800 22.03 800 17.92 800 14.69 800 12.04 800 7.34
920 21.72 920 17.67 920 14.48 920 11.88 920 7.24
1100 21.34 1100 17.36 1100 14.23 1100 11.67 1100 7.11
1350 20.84 1350 16.95 1350 13.89 1350 11.39 1350 6.95
FIREPLACE RATES:
6000.00 4880.00 4000.00 3280.00 2000.00
FULL BATHRATES:
6000 4880 4000 3280 2000
HALF BATHRATES:
3900 3172 2600 2132 1300
FIXTURE RATES:
1980 1610 1320 1082 660
BASE RATE PERCENTAGE ADJUSTMENT TO GET UNF-BSMT RATE: 27
BASE RATE PERCENTAGE ADJUSTMENT TO GET S/F-BSMT RATE: 35
BASE RATE PERCENTAGE ADJUSTMENT TO GET FIN-BSMT RATE: 60
BASE RATE PERCENTAGE ADJUSTMENT TO GET FINATTIC RATE: 30
EXTERIOR FINISH RATE ADJUSTMENTS
CODE-ABREV. AMOUNT
1-FRAME 0 2-BRICK 225 3-FR & MAS 150
4-C. BLOCK 0 5-STUCCO 50 6-BD&BATEN 100
7-CEDAR 100 8-SID/SHEA 0 9-METL/GLS 150
10-TILE 100 11-AL/VYN 0 12-ASB/SD -200
13-CMP/SGL -250 14-WD SHG 150 15-LOGS 100
16-PERM/ST 225 17-MASONITE 0 18-CEMBOARD 150
19-BRICK/LC -50 20-BRICK/JB 350
HEAT & AIR COND. RATE ADJUSTMENTS
CODE-ABREV. AMOUNT
1-NONE 0 2-UNITS 0 3-CENTRAL 0
4-HT PUMP 0 5-WINDUNIT 0 6-SOLAR 0
7-FLR/WALL 0 8-ELECT-BB 0 9-CHWATER 0
10-STEAM 0 11-GASPACK 0 12-WOOD 0
13-RADIANT 0 14-HOTWATER 0 15-HOT-AIR 0
16-*BADCODE 0 17-CENT-A/C 0 21-PREFABFP 0
WALL HEIGHTS: 0 0 0 0 0 0 0 0
FACTORS: 0.000 0.000 0.000 0.000 0.000 0.000 0.000 0.000
STORY HGTS: 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00
FACTORS: 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00
499
197
STRUCTURE CLASS: 78-ATTACHED GARAGE FINISHED
GRADE- A GRADE- B GRADE- C GRADE- D GRADE- E
AREA RATE AREA RATE AREA RATE AREA RATE AREA RATE
300 39.52 300 32.15 300 26.35 300 21.61 300 13.17
420 33.65 420 27.37 420 22.43 420 18.39 420 11.22
550 29.48 550 23.98 550 19.65 550 16.11 550 9.83
670 28.67 670 23.32 670 19.11 670 15.67 670 9.56
800 28.42 800 23.12 800 18.95 800 15.54 800 9.47
920 28.13 920 22.88 920 18.76 920 15.38 920 9.38
1100 27.74 1100 22.56 1100 18.49 1100 15.16 1100 9.25
1350 27.25 1350 22.16 1350 18.17 1350 14.90 1350 9.08
FIREPLACE RATES:
6000.00 4880.00 4000.00 3280.00 2000.00
FULL BATHRATES:
6000 4880 4000 3280 2000
HALF BATHRATES:
3900 3172 2600 2132 1300
FIXTURE RATES:
1980 1610 1320 1082 660
BASE RATE PERCENTAGE ADJUSTMENT TO GET UNF-BSMT RATE: 27
BASE RATE PERCENTAGE ADJUSTMENT TO GET S/F-BSMT RATE: 35
BASE RATE PERCENTAGE ADJUSTMENT TO GET FIN-BSMT RATE: 60
BASE RATE PERCENTAGE ADJUSTMENT TO GET FINATTIC RATE: 30
EXTERIOR FINISH RATE ADJUSTMENTS
CODE-ABREV. AMOUNT
1-FRAME 0 2-BRICK 225 3-FR & MAS 150
4-C. BLOCK 0 5-STUCCO 50 6-BD&BATEN 100
7-CEDAR 100 8-SID/SHEA 0 9-METL/GLS 150
10-TILE 100 11-AL/VYN 0 12-ASB/SD -200
13-CMP/SGL -250 14-WD SHG 150 15-LOGS 100
16-PERM/ST 225 17-MASONITE 0 18-CEMBOARD 150
19-BRICK/LC -50 20-BRICK/JB 350
HEAT & AIR COND. RATE ADJUSTMENTS
CODE-ABREV. AMOUNT
1-NONE 0 2-UNITS 0 3-CENTRAL 0
4-HT PUMP 0 5-WINDUNIT 0 6-SOLAR 0
7-FLR/WALL 0 8-ELECT-BB 0 9-CHWATER 0
10-STEAM 0 11-GASPACK 0 12-WOOD 0
13-RADIANT 0 45-*BADCODE 0 16-*BADCODE 0
17-CENT-A/C 0 21-PREFABFP 0
WALL HEIGHTS: 0 0 0 0 0 0 0 0
FACTORS: 0.000 0.000 0.000 0.000 0.000 0.000 0.000 0.000
STORY HGTS: 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00
FACTORS: 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00
STRUCTURE CLASS: 79-PATIO
500
198
GRADE- A GRADE- B GRADE- C GRADE- D GRADE- E
AREA RATE AREA RATE AREA RATE AREA RATE AREA RATE
50 5.34 50 4.35 50 3.56 50 2.92 50 1.78
150 5.15 150 4.19 150 3.43 150 2.82 150 1.72
250 4.96 250 4.04 250 3.31 250 2.71 250 1.65
350 4.81 350 3.91 350 3.21 350 2.63 350 1.60
450 4.66 450 3.79 450 3.10 450 2.55 450 1.55
500 4.58 500 3.72 500 3.05 500 2.50 500 1.53
550 4.50 550 3.66 550 3.00 550 2.46 550 1.50
600 4.35 600 3.54 600 2.90 600 2.38 600 1.45
FIREPLACE RATES:
0.00 0.00 0.00 0.00 0.00
FULL BATHRATES:
0 0 0 0 0
BASE RATE PERCENTAGE ADJUSTMENT TO GET UNF-BSMT RATE: 0
BASE RATE PERCENTAGE ADJUSTMENT TO GET S/F-BSMT RATE: 0
BASE RATE PERCENTAGE ADJUSTMENT TO GET FIN-BSMT RATE: 0
BASE RATE PERCENTAGE ADJUSTMENT TO GET FINATTIC RATE: 0
EXTERIOR FINISH RATE ADJUSTMENTS
CODE-ABREV. AMOUNT
0- 0
HEAT & AIR COND. RATE ADJUSTMENTS
CODE-ABREV. AMOUNT
0- 0
WALL HEIGHTS: 0 0 0 0 0 0 0 0
FACTORS: 0.000 0.000 0.000 0.000 0.000 0.000 0.000 0.000
STORY HGTS: 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00
FACTORS: 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00
STRUCTURE CLASS: 80-PORCH
501
199
GRADE- A GRADE- B GRADE- C GRADE- D GRADE- E
AREA RATE AREA RATE AREA RATE AREA RATE AREA RATE
10 45.77 10 37.22 10 30.51 10 25.02 10 15.26
40 41.19 40 33.50 40 27.46 40 22.52 40 13.73
70 37.07 70 30.15 70 24.71 70 20.26 70 12.36
120 33.36 120 27.13 120 22.24 120 18.23 120 11.12
200 30.01 200 24.41 200 20.01 200 16.41 200 10.00
320 27.02 320 21.98 320 18.01 320 14.77 320 9.01
550 24.32 550 19.78 550 16.21 550 13.29 550 8.11
800 21.88 800 17.79 800 14.58 800 11.96 800 7.29
FIREPLACE RATES:
0.00 0.00 0.00 0.00 0.00
FULL BATHRATES:
0 0 0 0 0
BASE RATE PERCENTAGE ADJUSTMENT TO GET UNF-BSMT RATE: 0
BASE RATE PERCENTAGE ADJUSTMENT TO GET S/F-BSMT RATE: 0
BASE RATE PERCENTAGE ADJUSTMENT TO GET FIN-BSMT RATE: 0
BASE RATE PERCENTAGE ADJUSTMENT TO GET FINATTIC RATE: 0
EXTERIOR FINISH RATE ADJUSTMENTS
CODE-ABREV. AMOUNT
0- 0
HEAT & AIR COND. RATE ADJUSTMENTS
CODE-ABREV. AMOUNT
0- 0
WALL HEIGHTS: 0 0 0 0 0 0 0 0
FACTORS: 0.000 0.000 0.000 0.000 0.000 0.000 0.000 0.000
STORY HGTS: 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00
FACTORS: 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00
STRUCTURE CLASS: 81-ENCLOSED PORCH
GRADE- A GRADE- B GRADE- C GRADE- D GRADE- E
502
200
AREA RATE AREA RATE AREA RATE AREA RATE AREA RATE
10 57.20 10 46.52 10 38.13 10 31.27 10 19.07
40 51.48 40 41.87 40 34.32 40 28.14 40 17.16
70 46.33 70 37.68 70 30.89 70 25.33 70 15.44
120 41.69 120 33.91 120 27.79 120 22.79 120 13.90
200 37.52 200 30.52 200 25.02 200 20.51 200 12.51
320 33.78 320 27.48 320 22.52 320 18.47 320 11.26
550 30.39 550 24.72 550 20.26 550 16.62 550 10.13
800 27.34 800 22.24 800 18.23 800 14.95 800 9.11
FIREPLACE RATES:
0.00 0.00 0.00 0.00 0.00
FULL BATHRATES:
0 0 0 0 0
BASE RATE PERCENTAGE ADJUSTMENT TO GET UNF-BSMT RATE: 0
BASE RATE PERCENTAGE ADJUSTMENT TO GET S/F-BSMT RATE: 0
BASE RATE PERCENTAGE ADJUSTMENT TO GET FIN-BSMT RATE: 0
BASE RATE PERCENTAGE ADJUSTMENT TO GET FINATTIC RATE: 0
EXTERIOR FINISH RATE ADJUSTMENTS
CODE-ABREV. AMOUNT
0- 0
HEAT & AIR COND. RATE ADJUSTMENTS
CODE-ABREV. AMOUNT
0- 0
WALL HEIGHTS: 0 0 0 0 0 0 0 0
FACTORS: 0.000 0.000 0.000 0.000 0.000 0.000 0.000 0.000
STORY HGTS: 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00
FACTORS: 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00
STRUCTURE CLASS: 82-CAR PORT
GRADE- A GRADE- B GRADE- C GRADE- D GRADE- E
AREA RATE AREA RATE AREA RATE AREA RATE AREA RATE
503
201
100 24.24 100 19.72 100 16.16 100 13.25 100 8.08
220 22.73 220 18.49 220 15.15 220 12.43 220 7.58
350 21.22 350 17.26 350 14.15 350 11.60 350 7.07
470 19.71 470 16.03 470 13.14 470 10.77 470 6.57
600 19.01 600 15.46 600 12.68 600 10.39 600 6.34
720 18.32 720 14.90 720 12.21 720 10.01 720 6.11
850 17.72 850 14.42 850 11.82 850 9.69 850 5.91
1000 17.13 1000 13.93 1000 11.42 1000 9.36 1000 5.71
FIREPLACE RATES:
0.00 0.00 0.00 0.00 0.00
FULL BATHRATES:
0 0 0 0 0
BASE RATE PERCENTAGE ADJUSTMENT TO GET UNF-BSMT RATE: 0
BASE RATE PERCENTAGE ADJUSTMENT TO GET S/F-BSMT RATE: 0
BASE RATE PERCENTAGE ADJUSTMENT TO GET FIN-BSMT RATE: 0
BASE RATE PERCENTAGE ADJUSTMENT TO GET FINATTIC RATE: 0
EXTERIOR FINISH RATE ADJUSTMENTS
CODE-ABREV. AMOUNT
0- 0
HEAT & AIR COND. RATE ADJUSTMENTS
CODE-ABREV. AMOUNT
0- 0
WALL HEIGHTS: 0 0 0 0 0 0 0 0
FACTORS: 0.000 0.000 0.000 0.000 0.000 0.000 0.000 0.000
STORY HGTS: 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00
FACTORS: 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00
STRUCTURE CLASS: 83-CANOPY
GRADE- A GRADE- B GRADE- C GRADE- D GRADE- E
AREA RATE AREA RATE AREA RATE AREA RATE AREA RATE
100 23.33 100 18.97 100 15.55 100 12.75 100 7.78
504
202
220 22.85 220 18.59 220 15.24 220 12.49 220 7.62
350 22.39 350 18.21 350 14.93 350 12.24 350 7.46
470 21.95 470 17.85 470 14.63 470 12.00 470 7.32
600 21.52 600 17.51 600 14.35 600 11.77 600 7.17
720 20.72 720 16.85 720 13.81 720 11.32 720 6.91
850 20.67 850 16.81 850 13.78 850 11.30 850 6.89
1000 18.61 1000 15.14 1000 12.41 1000 10.17 1000 6.20
FIREPLACE RATES:
0.00 0.00 0.00 0.00 0.00
FULL BATHRATES:
0 0 0 0 0
BASE RATE PERCENTAGE ADJUSTMENT TO GET UNF-BSMT RATE: 0
BASE RATE PERCENTAGE ADJUSTMENT TO GET S/F-BSMT RATE: 0
BASE RATE PERCENTAGE ADJUSTMENT TO GET FIN-BSMT RATE: 0
BASE RATE PERCENTAGE ADJUSTMENT TO GET FINATTIC RATE: 0
EXTERIOR FINISH RATE ADJUSTMENTS
CODE-ABREV. AMOUNT
0- 0
HEAT & AIR COND. RATE ADJUSTMENTS
CODE-ABREV. AMOUNT
0- 0
WALL HEIGHTS: 0 0 0 0 0 0 0 0
FACTORS: 0.000 0.000 0.000 0.000 0.000 0.000 0.000 0.000
STORY HGTS: 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00
FACTORS: 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00
STRUCTURE CLASS: 84-SCREEN PORCH
GRADE- A GRADE- B GRADE- C GRADE- D GRADE- E
AREA RATE AREA RATE AREA RATE AREA RATE AREA RATE
10 52.44 10 42.65 10 34.96 10 28.67 10 17.48
40 47.19 40 38.38 40 31.46 40 25.80 40 15.73
505
203
70 42.47 70 34.54 70 28.31 70 23.22 70 14.16
120 38.21 120 31.08 120 25.48 120 20.89 120 12.74
200 34.39 200 27.97 200 22.92 200 18.80 200 11.46
320 30.95 320 25.18 320 20.64 320 16.92 320 10.32
550 27.87 550 22.67 550 18.58 550 15.23 550 9.29
800 25.06 800 20.38 800 16.71 800 13.70 800 8.35
FIREPLACE RATES:
0.00 0.00 0.00 0.00 0.00
FULL BATHRATES:
0 0 0 0 0
BASE RATE PERCENTAGE ADJUSTMENT TO GET UNF-BSMT RATE: 0
BASE RATE PERCENTAGE ADJUSTMENT TO GET S/F-BSMT RATE: 0
BASE RATE PERCENTAGE ADJUSTMENT TO GET FIN-BSMT RATE: 0
BASE RATE PERCENTAGE ADJUSTMENT TO GET FINATTIC RATE: 0
EXTERIOR FINISH RATE ADJUSTMENTS
CODE-ABREV. AMOUNT
0- 0
HEAT & AIR COND. RATE ADJUSTMENTS
CODE-ABREV. AMOUNT
0- 0
WALL HEIGHTS: 0 0 0 0 0 0 0 0
FACTORS: 0.000 0.000 0.000 0.000 0.000 0.000 0.000 0.000
STORY HGTS: 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00
FACTORS: 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00
506
204
STRUCTURE CLASS: 85-STOOP
GRADE- A GRADE- B GRADE- C GRADE- D GRADE- E
AREA RATE AREA RATE AREA RATE AREA RATE AREA RATE
10 27.05 10 22.00 10 18.03 10 14.79 10 9.02
20 23.66 20 19.25 20 15.77 20 12.94 20 7.89
50 20.27 50 16.49 50 13.52 50 11.08 50 6.76
100 19.16 100 15.58 100 12.77 100 10.47 100 6.39
150 18.59 150 15.12 150 12.40 150 10.16 150 6.20
200 18.26 200 14.85 200 12.17 200 9.98 200 6.09
250 18.03 250 14.66 250 12.02 250 9.86 250 6.01
300 17.74 300 14.43 300 11.83 300 9.70 300 5.91
FIREPLACE RATES:
0.00 0.00 0.00 0.00 0.00
FULL BATHRATES:
0 0 0 0 0
BASE RATE PERCENTAGE ADJUSTMENT TO GET UNF-BSMT RATE: 0
BASE RATE PERCENTAGE ADJUSTMENT TO GET S/F-BSMT RATE: 0
BASE RATE PERCENTAGE ADJUSTMENT TO GET FIN-BSMT RATE: 0
BASE RATE PERCENTAGE ADJUSTMENT TO GET FINATTIC RATE: 0
EXTERIOR FINISH RATE ADJUSTMENTS
CODE-ABREV. AMOUNT
0- 0
HEAT & AIR COND. RATE ADJUSTMENTS
CODE-ABREV. AMOUNT
0- 0
WALL HEIGHTS: 0 0 0 0 0 0 0 0
FACTORS: 0.000 0.000 0.000 0.000 0.000 0.000 0.000 0.000
STORY HGTS: 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00
FACTORS: 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00
507
205
STRUCTURE CLASS: 86-UTILITY ROOM
GRADE- A GRADE- B GRADE- C GRADE- D GRADE- E
AREA RATE AREA RATE AREA RATE AREA RATE AREA RATE
50 47.12 50 38.32 50 31.41 50 25.76 50 15.71
100 40.38 100 32.85 100 26.92 100 22.08 100 13.46
150 38.14 150 31.02 150 25.42 150 20.85 150 12.71
200 37.03 200 30.11 200 24.68 200 20.24 200 12.34
250 36.35 250 29.56 250 24.23 250 19.87 250 12.12
300 35.90 300 29.20 300 23.93 300 19.63 300 11.97
350 35.58 350 28.94 350 23.72 350 19.45 350 11.86
400 35.33 400 28.74 400 23.56 400 19.32 400 11.78
FIREPLACE RATES:
0.00 0.00 0.00 0.00 0.00
FULL BATHRATES:
0 0 0 0 0
BASE RATE PERCENTAGE ADJUSTMENT TO GET UNF-BSMT RATE: 0
BASE RATE PERCENTAGE ADJUSTMENT TO GET S/F-BSMT RATE: 0
BASE RATE PERCENTAGE ADJUSTMENT TO GET FIN-BSMT RATE: 0
BASE RATE PERCENTAGE ADJUSTMENT TO GET FINATTIC RATE: 0
EXTERIOR FINISH RATE ADJUSTMENTS
CODE-ABREV. AMOUNT
0- 0
HEAT & AIR COND. RATE ADJUSTMENTS
CODE-ABREV. AMOUNT
0- 0
WALL HEIGHTS: 0 0 0 0 0 0 0 0
FACTORS: 0.000 0.000 0.000 0.000 0.000 0.000 0.000 0.000
STORY HGTS: 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00
FACTORS: 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00
STRUCTURE CLASS: 87-ADDITION
508
206
GRADE- A GRADE- B GRADE- C GRADE- D GRADE- E
AREA RATE AREA RATE AREA RATE AREA RATE AREA RATE
100 83.78 100 68.14 100 55.85 100 45.80 100 27.93
170 83.35 170 67.79 170 55.57 170 45.57 170 27.78
300 82.62 300 67.20 300 55.08 300 45.16 300 27.54
450 81.63 450 66.39 450 54.42 450 44.62 450 27.21
600 80.42 600 65.41 600 53.61 600 43.96 600 26.81
750 78.34 750 63.72 750 52.23 750 42.83 750 26.11
900 76.01 900 61.82 900 50.67 900 41.55 900 25.34
1050 73.12 1050 59.47 1050 48.75 1050 39.97 1050 24.37
FIREPLACE RATES:
6000.00 4880.00 4000.00 3280.00 2000.00
CHIMNEY RATES:
2100.00 1708.00 1400.00 1148.00 700.00
FULL BATHRATES:
6000 4880 4000 3280 2000
HALF BATHRATES:
3900 3172 2600 2132 1300
FIXTURE RATES:
1980 1610 1320 1082 660
BASE RATE PERCENTAGE ADJUSTMENT TO GET UNF-BSMT RATE: 27
BASE RATE PERCENTAGE ADJUSTMENT TO GET S/F-BSMT RATE: 40
BASE RATE PERCENTAGE ADJUSTMENT TO GET FIN-BSMT RATE: 75
BASE RATE PERCENTAGE ADJUSTMENT TO GET FINATTIC RATE: 30
EXTERIOR FINISH RATE ADJUSTMENTS
CODE-ABREV. AMOUNT
1-FRAME 0 2-BRICK 275 3-FR & MAS 175
4-C. BLOCK -15 5-STUCCO 50 6-BD&BATEN 0
7-CEDAR 100 8-SID/SHEA 0 9-METL/GLS 200
10-TILE 100 11-AL/VYN 0 12-ASB/SD -200
13-CMP/SGL -250 14-WD SHG 130 15-LOGS 250
16-PERM/ST 0 17-MASONITE 0 18-CEMBOARD 225
19-BRICK/LC 70 20-BRICK/JB 325
HEAT & AIR COND. RATE ADJUSTMENTS
CODE-ABREV. AMOUNT
1-NONE -200 2-UNITS -200 3-CENTRAL 0
4-HT PUMP 250 5-WINDUNIT 0 6-SOLAR 0
7-FLR/WALL 0 8-ELECT-BB -150 9-CHWATER 200
10-STEAM 200 11-GASPACK 250 12-WOOD -200
13-RADIANT -150 14-HOTWATER 200 15-HOT-AIR 275
16-*BADCODE 0 17-CENT-A/C 300
WALL HEIGHTS: 0 0 0 0 0 0 0 0
FACTORS: 0.000 0.000 0.000 0.000 0.000 0.000 0.000 0.000
STORY HGTS: 1.00 1.25 1.50 1.75 2.00 2.25 2.50 3.00
FACTORS: 1.00 1.00 0.94 0.94 0.94 0.94 0.95 0.95
509
207
STRUCTURE CLASS: 88-DECK
GRADE- A GRADE- B GRADE- C GRADE- D GRADE- E
AREA RATE AREA RATE AREA RATE AREA RATE AREA RATE
50 19.23 50 15.64 50 12.82 50 10.52 50 6.41
100 18.87 100 15.35 100 12.58 100 10.31 100 6.29
150 18.69 150 15.20 150 12.46 150 10.21 150 6.23
270 17.53 270 14.25 270 11.68 270 9.58 270 5.84
400 16.99 400 13.82 400 11.33 400 9.29 400 5.66
520 16.46 520 13.38 520 10.97 520 9.00 520 5.49
650 15.97 650 12.99 650 10.65 650 8.73 650 5.32
800 14.96 800 12.17 800 9.97 800 8.18 800 4.99
FIREPLACE RATES:
0.00 0.00 0.00 0.00 0.00
FULL BATHRATES:
0 0 0 0 0
BASE RATE PERCENTAGE ADJUSTMENT TO GET UNF-BSMT RATE: 0
BASE RATE PERCENTAGE ADJUSTMENT TO GET S/F-BSMT RATE: 0
BASE RATE PERCENTAGE ADJUSTMENT TO GET FIN-BSMT RATE: 0
BASE RATE PERCENTAGE ADJUSTMENT TO GET FINATTIC RATE: 0
EXTERIOR FINISH RATE ADJUSTMENTS
CODE-ABREV. AMOUNT
0- 0
HEAT & AIR COND. RATE ADJUSTMENTS
CODE-ABREV. AMOUNT
0- 0
WALL HEIGHTS: 0 0 0 0 0 0 0 0
FACTORS: 0.000 0.000 0.000 0.000 0.000 0.000 0.000 0.000
STORY HGTS: 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00
FACTORS: 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00
STRUCTURE CLASS: 89-OPEN MASONRY PORCH
510
208
GRADE- A GRADE- B GRADE- C GRADE- D GRADE- E
AREA RATE AREA RATE AREA RATE AREA RATE AREA RATE
10 48.50 10 39.45 10 32.33 10 26.51 10 16.17
40 43.66 40 35.51 40 29.11 40 23.87 40 14.55
70 39.28 70 31.95 70 26.19 70 21.47 70 13.09
120 35.36 120 28.76 120 23.57 120 19.33 120 11.79
200 31.81 200 25.88 200 21.21 200 17.39 200 10.60
320 28.64 320 23.29 320 19.09 320 15.66 320 9.55
550 25.74 550 20.93 550 17.16 550 14.07 550 8.58
800 23.19 800 18.86 0 15.46 800 12.68 800 7.73
FIREPLACE RATES:
0.00 0.00 0.00 0.00 0.00
FULL BATHRATES:
0 0 0 0 0
BASE RATE PERCENTAGE ADJUSTMENT TO GET UNF-BSMT RATE: 0
BASE RATE PERCENTAGE ADJUSTMENT TO GET S/F-BSMT RATE: 0
BASE RATE PERCENTAGE ADJUSTMENT TO GET FIN-BSMT RATE: 0
BASE RATE PERCENTAGE ADJUSTMENT TO GET FINATTIC RATE: 0
EXTERIOR FINISH RATE ADJUSTMENTS
CODE-ABREV. AMOUNT
0- 0
HEAT & AIR COND. RATE ADJUSTMENTS
CODE-ABREV. AMOUNT
0- 0
WALL HEIGHTS: 0 0 0 0 0 0 0 0
FACTORS: 0.000 0.000 0.000 0.000 0.000 0.000 0.000 0.000
STORY HGTS: 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00
FACTORS: 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00
STRUCTURE CLASS: 90-COVERED LOADING PLATFORM
511
209
GRADE- A GRADE- B GRADE- C GRADE- D GRADE- E
AREA RATE AREA RATE AREA RATE AREA RATE AREA RATE
50 27.16 50 22.09 50 18.11 50 14.85 50 9.05
70 25.06 70 20.38 70 16.71 70 13.70 70 8.35
100 22.98 100 18.69 100 15.32 100 12.56 100 7.66
150 21.68 150 17.63 150 14.45 150 11.85 150 7.23
300 20.79 300 16.91 300 13.86 300 11.37 300 6.93
400 20.01 400 16.28 400 13.34 400 10.94 400 6.67
500 19.24 500 15.65 500 12.83 500 10.52 500 6.41
600 18.79 600 15.29 600 12.53 600 10.27 600 6.26
FIREPLACE RATES:
0.00 0.00 0.00 0.00 0.00
FULL BATHRATES:
0 0 0 0 0
BASE RATE PERCENTAGE ADJUSTMENT TO GET UNF-BSMT RATE: 0
BASE RATE PERCENTAGE ADJUSTMENT TO GET S/F-BSMT RATE: 0
BASE RATE PERCENTAGE ADJUSTMENT TO GET FIN-BSMT RATE: 0
BASE RATE PERCENTAGE ADJUSTMENT TO GET FINATTIC RATE: 0
EXTERIOR FINISH RATE ADJUSTMENTS
CODE-ABREV. AMOUNT
0- 0
HEAT & AIR COND. RATE ADJUSTMENTS
CODE-ABREV. AMOUNT
0- 0
WALL HEIGHTS: 0 0 0 0 0 0 0 0
FACTORS: 0.000 0.000 0.000 0.000 0.000 0.000 0.000 0.000
STORY HGTS: 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00
FACTORS: 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00
512
210
STRUCTURE CLASS: 91-OPEN LOADING PLATFORM
GRADE- A GRADE- B GRADE- C GRADE- D GRADE- E
AREA RATE AREA RATE AREA RATE AREA RATE AREA RATE
50 18.79 50 15.29 50 12.53 50 10.27 50 6.26
70 18.36 70 14.94 70 12.24 70 10.04 70 6.12
100 17.49 100 14.23 100 11.66 100 9.56 100 5.83
150 17.23 150 14.01 150 11.48 150 9.42 150 5.74
300 16.50 300 13.42 300 11.00 300 9.02 300 5.50
400 14.93 400 12.15 400 9.96 400 8.16 400 4.98
500 14.52 500 11.81 500 9.68 500 7.94 500 4.84
600 13.58 600 11.04 600 9.05 600 7.42 600 4.53
FIREPLACE RATES:
0.00 0.00 0.00 0.00 0.00
FULL BATHRATES:
0 0 0 0 0
BASE RATE PERCENTAGE ADJUSTMENT TO GET UNF-BSMT RATE: 0
BASE RATE PERCENTAGE ADJUSTMENT TO GET S/F-BSMT RATE: 0
BASE RATE PERCENTAGE ADJUSTMENT TO GET FIN-BSMT RATE: 0
BASE RATE PERCENTAGE ADJUSTMENT TO GET FINATTIC RATE: 0
EXTERIOR FINISH RATE ADJUSTMENTS
CODE-ABREV. AMOUNT
0- 0
HEAT & AIR COND. RATE ADJUSTMENTS
CODE-ABREV. AMOUNT
0- 0
WALL HEIGHTS: 0 0 0 0 0 0 0 0
FACTORS: 0.000 0.000 0.000 0.000 0.000 0.000 0.000 0.000
STORY HGTS: 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00
FACTORS: 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00
513
211
STRUCTURE CLASS: 92-COLD STORAGE
GRADE- A GRADE- B GRADE- C GRADE- D GRADE- E
AREA RATE AREA RATE AREA RATE AREA RATE AREA RATE
20 244.10 20 198.54 20 162.73 20 133.44 20 81.37
40 174.19 40 141.67 40 116.13 40 95.22 40 58.06
70 143.34 70 116.58 70 95.56 70 78.36 70 47.78
110 122.96 110 100.01 110 81.97 110 67.22 110 40.99
160 100.86 160 82.04 160 67.24 160 55.14 160 33.62
220 87.10 220 70.84 220 58.07 220 47.62 220 29.03
400 78.33 400 63.70 400 52.22 400 42.82 400 26.11
650 68.31 650 55.56 650 45.54 650 37.34 650 22.77
FIREPLACE RATES:
0.00 0.00 0.00 0.00 0.00
FULL BATHRATES:
0 0 0 0 0
BASE RATE PERCENTAGE ADJUSTMENT TO GET UNF-BSMT RATE: 0
BASE RATE PERCENTAGE ADJUSTMENT TO GET S/F-BSMT RATE: 0
BASE RATE PERCENTAGE ADJUSTMENT TO GET FIN-BSMT RATE: 0
BASE RATE PERCENTAGE ADJUSTMENT TO GET FINATTIC RATE: 0
EXTERIOR FINISH RATE ADJUSTMENTS
CODE-ABREV. AMOUNT
0- 0
HEAT & AIR COND. RATE ADJUSTMENTS
CODE-ABREV. AMOUNT
0- 0
WALL HEIGHTS: 8 9 10 11 12 13 14 15
FACTORS: 0.900 0.928 0.953 0.977 1.000 1.023 1.046 1.069
STORY HGTS: 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00
FACTORS: 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00
514
212
STRUCTURE CLASS: 93-OVERHANG
GRADE- A GRADE- B GRADE- C GRADE- D GRADE- E
AREA RATE AREA RATE AREA RATE AREA RATE AREA RATE
30 18.94 30 15.41 30 12.63 30 10.35 30 6.31
50 18.74 50 15.25 50 12.50 50 10.25 50 6.25
80 18.55 80 15.08 80 12.36 80 10.14 80 6.18
110 18.40 110 14.96 110 12.27 110 10.06 110 6.13
160 18.00 160 14.64 160 12.00 160 9.84 160 6.00
220 17.66 220 14.36 220 11.77 220 9.65 220 5.89
350 17.31 350 14.08 350 11.54 350 9.46 350 5.77
500 16.93 500 13.77 500 11.29 500 9.25 500 5.64
FIREPLACE RATES:
0.00 0.00 0.00 0.00 0.00
FULL BATHRATES:
0 0 0 0 0
BASE RATE PERCENTAGE ADJUSTMENT TO GET UNF-BSMT RATE: 0
BASE RATE PERCENTAGE ADJUSTMENT TO GET S/F-BSMT RATE: 0
BASE RATE PERCENTAGE ADJUSTMENT TO GET FIN-BSMT RATE: 0
BASE RATE PERCENTAGE ADJUSTMENT TO GET FINATTIC RATE: 0
EXTERIOR FINISH RATE ADJUSTMENTS
CODE-ABREV. AMOUNT
0- 0
HEAT & AIR COND. RATE ADJUSTMENTS
CODE-ABREV. AMOUNT
0- 0
WALL HEIGHTS: 0 0 0 0 0 0 0 0
FACTORS: 0.000 0.000 0.000 0.000 0.000 0.000 0.000 0.000
STORY HGTS: 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00
FACTORS: 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00
515
213
STRUCTURE CLASS: 94-SHELTER
GRADE- A GRADE- B GRADE- C GRADE- D GRADE- E
AREA RATE AREA RATE AREA RATE AREA RATE AREA RATE
40 11.53 40 9.38 40 7.69 40 6.30 40 3.84
60 10.20 60 8.29 60 6.80 60 5.57 60 3.40
90 9.01 90 7.33 90 6.01 90 4.92 90 3.00
130 8.45 130 6.87 130 5.63 130 4.62 130 2.82
180 7.46 180 6.07 180 4.97 180 4.08 180 2.49
270 6.02 270 4.90 270 4.02 270 3.29 270 2.01
400 5.92 400 4.82 400 3.95 400 3.24 400 1.97
550 5.84 550 4.75 550 3.89 550 3.19 550 1.95
FIREPLACE RATES:
0.00 0.00 0.00 0.00 0.00
FULL BATHRATES:
0 0 0 0 0
BASE RATE PERCENTAGE ADJUSTMENT TO GET UNF-BSMT RATE: 0
BASE RATE PERCENTAGE ADJUSTMENT TO GET S/F-BSMT RATE: 0
BASE RATE PERCENTAGE ADJUSTMENT TO GET FIN-BSMT RATE: 0
BASE RATE PERCENTAGE ADJUSTMENT TO GET FINATTIC RATE: 0
EXTERIOR FINISH RATE ADJUSTMENTS
CODE-ABREV. AMOUNT
0- 0
HEAT & AIR COND. RATE ADJUSTMENTS
CODE-ABREV. AMOUNT
0- 0
WALL HEIGHTS: 0 0 0 0 0 0 0 0
FACTORS: 0.000 0.000 0.000 0.000 0.000 0.000 0.000 0.000
STORY HGTS: 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00
FACTORS: 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00
516
214
STRUCTURE CLASS: 95-MEZZANINE
GRADE- A GRADE- B GRADE- C GRADE- D GRADE- E
AREA RATE AREA RATE AREA RATE AREA RATE AREA RATE
5000 22.42 5000 18.24 5000 14.95 5000 12.26 5000 7.47
7400 21.98 7400 17.88 7400 14.65 7400 12.01 7400 7.33
9600 21.55 9600 17.53 9600 14.37 9600 11.78 9600 7.18
20000 21.14 20000 17.19 20000 14.09 20000 11.55 20000 7.05
30000 20.59 30000 16.75 30000 13.73 30000 11.26 30000 6.86
40000 19.80 40000 16.10 40000 13.20 40000 10.82 40000 6.60
50000 18.78 50000 15.27 50000 12.52 50000 10.26 50000 6.26
60000 17.97 60000 14.61 60000 11.98 60000 9.82 60000 5.99
FIREPLACE RATES:
0.00 0.00 0.00 0.00 0.00
FULL BATHRATES:
0 0 0 0 0
BASE RATE PERCENTAGE ADJUSTMENT TO GET UNF-BSMT RATE: 0
BASE RATE PERCENTAGE ADJUSTMENT TO GET S/F-BSMT RATE: 0
BASE RATE PERCENTAGE ADJUSTMENT TO GET FIN-BSMT RATE: 0
BASE RATE PERCENTAGE ADJUSTMENT TO GET FINATTIC RATE: 0
EXTERIOR FINISH RATE ADJUSTMENTS
CODE-ABREV. AMOUNT
0- 0
HEAT & AIR COND. RATE ADJUSTMENTS
CODE-ABREV. AMOUNT
0- 0
WALL HEIGHTS: 0 0 0 0 0 0 0 0
FACTORS: 0.000 0.000 0.000 0.000 0.000 0.000 0.000 0.000
STORY HGTS: 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00
FACTORS: 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00
517
215
STRUCTURE CLASS: 96-SPRINKLERS WET
GRADE- A GRADE- B GRADE- C GRADE- D GRADE- E
AREA RATE AREA RATE AREA RATE AREA RATE AREA RATE
1000 3.04 1000 2.84 1000 2.59 1000 2.20 1000 1.81
10000 2.40 10000 2.24 10000 2.04 10000 1.73 10000 1.42
100000 1.62100000 1.51100000 1.38100000 1.17100000 0.96
150000 1.29150000 1.21150000 1.10150000 0.94150000 0.77
0 0.00 0 0.00 0 0.00 0 0.00 0 0.00
0 0.00 0 0.00 0 0.00 0 0.00 0 0.00
0 0.00 0 0.00 0 0.00 0 0.00 0 0.00
0 0.00 0 0.00 0 0.00 0 0.00 0 0.00
FIREPLACE RATES:
0.00 0.00 0.00 0.00 0.00
FULL BATHRATES:
0 0 0 0 0
BASE RATE PERCENTAGE ADJUSTMENT TO GET UNF-BSMT RATE: 0
BASE RATE PERCENTAGE ADJUSTMENT TO GET S/F-BSMT RATE: 0
BASE RATE PERCENTAGE ADJUSTMENT TO GET FIN-BSMT RATE: 0
BASE RATE PERCENTAGE ADJUSTMENT TO GET FINATTIC RATE: 0
EXTERIOR FINISH RATE ADJUSTMENTS
CODE-ABREV. AMOUNT
0- 0
HEAT & AIR COND. RATE ADJUSTMENTS
CODE-ABREV. AMOUNT
0- 0
WALL HEIGHTS: 0 0 0 0 0 0 0 0
FACTORS: 0.000 0.000 0.000 0.000 0.000 0.000 0.000 0.000
STORY HGTS: 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00
FACTORS: 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00
518
216
STRUCTURE CLASS: 97-ATTIC - FINISHED
GRADE- A GRADE- B GRADE- C GRADE- D GRADE- E
AREA RATE AREA RATE AREA RATE AREA RATE AREA RATE
800 32.84 800 26.71 800 21.89 800 17.95 800 10.95
1000 31.29 1000 25.45 1000 20.86 1000 17.11 1000 10.43
1200 29.80 1200 24.24 1200 19.87 1200 16.29 1200 9.93
1500 28.38 1500 23.08 1500 18.92 1500 15.51 1500 9.46
1800 27.02 1800 21.98 1800 18.01 1800 14.77 1800 9.01
2100 26.94 2100 21.91 2100 17.96 2100 14.73 2100 8.98
2600 26.73 2600 21.74 2600 17.82 2600 14.61 2600 8.91
4000 26.56 4000 21.60 4000 17.71 4000 14.52 4000 8.85
FIREPLACE RATES:
0.00 0.00 0.00 0.00 0.00
FULL BATHRATES:
0 0 0 0 0
BASE RATE PERCENTAGE ADJUSTMENT TO GET UNF-BSMT RATE: 0
BASE RATE PERCENTAGE ADJUSTMENT TO GET S/F-BSMT RATE: 0
BASE RATE PERCENTAGE ADJUSTMENT TO GET FIN-BSMT RATE: 0
BASE RATE PERCENTAGE ADJUSTMENT TO GET FINATTIC RATE: 0
EXTERIOR FINISH RATE ADJUSTMENTS
CODE-ABREV. AMOUNT
0- 0
HEAT & AIR COND. RATE ADJUSTMENTS
CODE-ABREV. AMOUNT
0- 0
WALL HEIGHTS: 0 0 0 0 0 0 0 0
FACTORS: 0.000 0.000 0.000 0.000 0.000 0.000 0.000 0.000
STORY HGTS: 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00
FACTORS: 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00
STRUCTURE CLASS: 98-UNFINISHED ATTIC
519
217
GRADE- A GRADE- B GRADE- C GRADE- D GRADE- E
AREA RATE AREA RATE AREA RATE AREA RATE AREA RATE
800 16.74 800 13.61 800 11.16 800 9.15 800 5.58
1000 15.14 1000 12.31 1000 10.09 1000 8.28 1000 5.05
1200 14.07 1200 11.45 1200 9.38 1200 7.69 1200 4.69
1500 13.00 1500 10.58 1500 8.67 1500 7.11 1500 4.33
1800 12.30 1800 10.00 1800 8.20 1800 6.72 1800 4.10
2100 11.80 2100 9.59 2100 7.86 2100 6.45 2100 3.93
2600 11.21 2600 9.12 2600 7.48 2600 6.13 2600 3.74
4000 10.35 4000 8.42 4000 6.90 4000 5.66 4000 3.45
FIREPLACE RATES:
0.00 0.00 0.00 0.00 0.00
FULL BATHRATES:
0 0 0 0 0
BASE RATE PERCENTAGE ADJUSTMENT TO GET UNF-BSMT RATE: 0
BASE RATE PERCENTAGE ADJUSTMENT TO GET S/F-BSMT RATE: 0
BASE RATE PERCENTAGE ADJUSTMENT TO GET FIN-BSMT RATE: 0
BASE RATE PERCENTAGE ADJUSTMENT TO GET FINATTIC RATE: 0
EXTERIOR FINISH RATE ADJUSTMENTS
CODE-ABREV. AMOUNT
0- 0
HEAT & AIR COND. RATE ADJUSTMENTS
CODE-ABREV. AMOUNT
0- 0
WALL HEIGHTS: 0 0 0 0 0 0 0 0
FACTORS: 0.000 0.000 0.000 0.000 0.000 0.000 0.000 0.000
STORY HGTS: 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00
FACTORS: 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00
STRUCTURE CLASS: 99-TERRACE
520
218
GRADE- A GRADE- B GRADE- C GRADE- D GRADE- E
AREA RATE AREA RATE AREA RATE AREA RATE AREA RATE
20 24.59 20 20.00 20 16.39 20 13.44 20 8.20
50 21.51 50 17.50 50 14.34 50 11.76 50 7.17
100 18.43 100 14.99 100 12.29 100 10.08 100 6.14
150 17.42 150 14.17 150 11.61 150 9.52 150 5.81
200 16.90 200 13.75 200 11.27 200 9.24 200 5.63
250 16.60 250 13.50 250 11.07 250 9.07 250 5.53
300 16.39 300 13.33 300 10.93 300 8.96 300 5.46
400 16.13 400 13.12 400 10.75 400 8.82 400 5.38
FIREPLACE RATES:
0.00 0.00 0.00 0.00 0.00
FULL BATHRATES:
0 0 0 0 0
BASE RATE PERCENTAGE ADJUSTMENT TO GET UNF-BSMT RATE: 0
BASE RATE PERCENTAGE ADJUSTMENT TO GET S/F-BSMT RATE: 0
BASE RATE PERCENTAGE ADJUSTMENT TO GET FIN-BSMT RATE: 0
BASE RATE PERCENTAGE ADJUSTMENT TO GET FINATTIC RATE: 0
EXTERIOR FINISH RATE ADJUSTMENTS
CODE-ABREV. AMOUNT
0- 0
HEAT & AIR COND. RATE ADJUSTMENTS
CODE-ABREV. AMOUNT
0- 0
WALL HEIGHTS: 0 0 0 0 0 0 0 0
FACTORS: 0.000 0.000 0.000 0.000 0.000 0.000 0.000 0.000
STORY HGTS: 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00
FACTORS: 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00
521
219
DEPRECIATION FACTOR TABLES
DEPRECIATION TABLES
AGE IN ACTUAL 1 2 0 3 4 5 6 7 8 9
522
220
YEARS YEAR EXCL GOOD AVG FAIR POOR COMG COMA COMP DW SW
1 2008 0.995 0.990 0.990 0.980 0.900 0.990 0.980 0.960 0.980 0.980
2 2007 0.990 0.980 0.980 0.970 0.890 0.970 0.960 0.920 0.970 0.950
3 2006 0.985 0.975 0.970 0.960 0.870 0.960 0.940 0.900 0.960 0.920
4 2005 0.980 0.970 0.960 0.940 0.860 0.940 0.920 0.870 0.950 0.890
5 2004 0.975 0.960 0.950 0.930 0.850 0.930 0.900 0.840 0.930 0.860
6 2003 0.970 0.955 0.940 0.910 0.840 0.910 0.890 0.810 0.910 0.820
7 2002 0.965 0.950 0.930 0.900 0.830 0.900 0.870 0.780 0.900 0.780
8 2001 0.960 0.940 0.920 0.890 0.820 0.880 0.860 0.750 0.880 0.740
9 2000 0.955 0.935 0.910 0.880 0.800 0.870 0.840 0.730 0.860 0.700
10 1999 0.950 0.930 0.900 0.860 0.790 0.860 0.830 0.710 0.840 0.660
11 1998 0.945 0.920 0.890 0.850 0.780 0.850 0.810 0.690 0.820 0.620
12 1997 0.940 0.915 0.880 0.840 0.770 0.840 0.800 0.670 0.800 0.600
13 1996 0.935 0.910 0.870 0.820 0.750 0.820 0.780 0.650 0.780 0.580
14 1995 0.930 0.900 0.860 0.810 0.740 0.810 0.770 0.630 0.760 0.560
15 1994 0.925 0.895 0.850 0.800 0.720 0.800 0.750 0.610 0.740 0.540
16 1993 0.920 0.890 0.840 0.780 0.710 0.790 0.740 0.590 0.720 0.520
17 1992 0.915 0.880 0.830 0.770 0.700 0.780 0.720 0.570 0.700 0.500
18 1991 0.910 0.875 0.820 0.760 0.690 0.770 0.710 0.550 0.680 0.460
19 1990 0.905 0.870 0.810 0.740 0.670 0.750 0.690 0.530 0.660 0.420
20 1989 0.900 0.860 0.800 0.730 0.660 0.740 0.680 0.520 0.630 0.400
21 1988 0.895 0.855 0.790 0.720 0.650 0.730 0.660 0.510 0.610 0.380
22 1987 0.890 0.850 0.780 0.700 0.630 0.720 0.650 0.500 0.580 0.360
23 1986 0.885 0.840 0.770 0.690 0.620 0.710 0.630 0.490 0.560 0.340
24 1985 0.880 0.835 0.760 0.680 0.600 0.700 0.620 0.480 0.530 0.320
25 1984 0.875 0.830 0.750 0.670 0.590 0.690 0.600 0.470 0.500 0.300
26 1983 0.870 0.820 0.740 0.650 0.570 0.680 0.590 0.460 0.480 0.280
27 1982 0.865 0.815 0.730 0.640 0.560 0.670 0.580 0.450 0.450 0.260
28 1981 0.860 0.810 0.720 0.630 0.550 0.660 0.570 0.440 0.430 0.240
29 1980 0.855 0.800 0.710 0.610 0.530 0.650 0.560 0.430 0.410 0.220
30 1979 0.850 0.795 0.700 0.600 0.520 0.640 0.550 0.420 0.380 0.200
31 1978 0.845 0.790 0.690 0.590 0.510 0.630 0.540 0.410 0.360 0.180
32 1977 0.840 0.780 0.680 0.580 0.500 0.620 0.530 0.400 0.330 0.160
33 1976 0.835 0.775 0.670 0.570 0.490 0.610 0.520 0.390 0.310 0.140
34 1975 0.830 0.770 0.660 0.560 0.480 0.600 0.510 0.380 0.290 0.120
35 1974 0.825 0.760 0.650 0.550 0.470 0.590 0.500 0.370 0.280 0.100
DEPRECIATION TABLES (continued)
AGE IN ACTUAL 1 2 0 3 4 5 6 7 8 9
523
221
YEARS YEAR EXCL GOOD AVG FAIR POOR COMG COMA COMP DW SW
36 1973 0.820 0.755 0.640 0.540 0.460 0.580 0.490 0.360 0.260 0.100
37 1972 0.815 0.750 0.630 0.530 0.450 0.570 0.480 0.350 0.250 0.100
38 1971 0.810 0.740 0.620 0.520 0.440 0.560 0.470 0.340 0.230 0.100
39 1970 0.805 0.735 0.610 0.510 0.430 0.550 0.460 0.330 0.220 0.100
40 1969 0.800 0.730 0.600 0.500 0.420 0.540 0.450 0.320 0.210 0.100
41 1968 0.795 0.720 0.590 0.490 0.415 0.530 0.440 0.310 0.210 0.100
42 1967 0.790 0.715 0.580 0.480 0.410 0.520 0.430 0.300 0.200 0.100
43 1966 0.785 0.710 0.570 0.470 0.400 0.510 0.420 0.290 0.200 0.100
44 1965 0.780 0.700 0.560 0.460 0.390 0.500 0.410 0.280 0.200 0.100
45 1964 0.775 0.695 0.550 0.450 0.380 0.490 0.400 0.270 0.200 0.100
46 1963 0.770 0.690 0.540 0.440 0.370 0.480 0.390 0.260 0.200 0.100
47 1962 0.765 0.685 0.530 0.430 0.360 0.470 0.380 0.250 0.200 0.100
48 1961 0.760 0.680 0.520 0.420 0.350 0.460 0.370 0.250 0.200 0.100
49 1960 0.755 0.670 0.510 0.410 0.340 0.450 0.360 0.250 0.200 0.100
50 1959 0.750 0.665 0.500 0.400 0.330 0.440 0.350 0.250 0.200 0.100
51 1958 0.745 0.660 0.490 0.390 0.320 0.430 0.340 0.250 0.200
52 1957 0.740 0.655 0.480 0.380 0.310 0.420 0.330 0.250 0.200
53 1956 0.735 0.650 0.470 0.370 0.300 0.410 0.320 0.250 0.200
54 1955 0.730 0.640 0.460 0.360 0.290 0.400 0.310 0.250 0.200
55 1954 0.725 0.635 0.450 0.350 0.280 0.400 0.300 0.250
56 1953 0.720 0.630 0.440 0.340 0.270 0.400 0.300 0.250
57 1952 0.715 0.625 0.430 0.330 0.260 0.400 0.300 0.250
58 1951 0.710 0.620 0.420 0.320 0.250 0.400 0.300 0.250
59 1950 0.705 0.610 0.410 0.310 0.240 0.400 0.300 0.250
60 1949 0.700 0.605 0.400 0.300 0.230 0.400 0.300 0.250
61 1948 0.695 0.600 0.390 0.290 0.220 0.400 0.300 0.250
62 1947 0.690 0.595 0.380 0.280 0.210 0.400 0.300 0.250
63 1946 0.685 0.590 0.370 0.270 0.200 0.400 0.300 0.250
64 1945 0.680 0.580 0.360 0.260 0.200 0.400 0.300 0.250
65 1944 0.675 0.575 0.350 0.250 0.200 0.400 0.300 0.250
66 1943 0.670 0.570 0.340 0.240 0.200 0.400 0.300 0.250
67 1942 0.665 0.565 0.330 0.230 0.200 0.400 0.300 0.250
68 1941 0.660 0.560 0.320 0.220 0.200 0.400 0.300 0.250
69 1940 0.655 0.550 0.310 0.210 0.200 0.400 0.300 0.250
70 1939 0.650 0.545 0.300 0.200 0.200 0.400 0.300 0.250
DEPRECIATION TABLES (continued)
AGE IN ACTUAL 1 2 0 3 4 5 6 7 8 9
524
222
YEARS YEAR EXCL GOOD AVG FAIR POOR COMG COMA COMP DW SW
71 1938 0.645 0.540 0.290 0.200 0.200 0.400 0.300 0.250
72 1937 0.640 0.535 0.280 0.200 0.200 0.400 0.300 0.250
73 1936 0.635 0.530 0.270 0.200 0.200 0.400 0.300 0.250
74 1935 0.630 0.520 0.260 0.200 0.200 0.400 0.300 0.250
75 1934 0.625 0.515 0.250 0.200 0.200 0.400 0.300 0.250
76 1933 0.620 0.510 0.240 0.200 0.200 0.400 0.300 0.250
77 1932 0.615 0.505 0.230 0.200 0.200 0.400 0.300 0.250
78 1931 0.610 0.500 0.220 0.200 0.200 0.400 0.300 0.250
79 1930 0.605 0.490 0.210 0.200 0.200 0.400 0.300 0.250
80 1929 0.600 0.480 0.200 0.200 0.200 0.400 0.300 0.250
81 1928 0.595 0.470 0.200 0.200 0.200 0.400 0.300 0.250
82 1927 0.590 0.460 0.200 0.200 0.200 0.400 0.300 0.250
83 1926 0.585 0.450 0.200 0.200 0.200 0.400 0.300 0.250
84 1925 0.580 0.440 0.200 0.200 0.200 0.400 0.300 0.250
85 1924 0.575 0.430 0.200 0.200 0.200 0.400 0.300 0.250
86 1923 0.570 0.420 0.200 0.200 0.200 0.400 0.300 0.250
87 1922 0.565 0.410 0.200 0.200 0.200 0.400 0.300 0.250
88 1921 0.560 0.400 0.200 0.200 0.200 0.400 0.300 0.250
89 1920 0.555 0.390 0.200 0.200 0.200 0.400 0.300 0.250
90 1919 0.550 0.380 0.200 0.200 0.200 0.400 0.300 0.250
91 1918 0.545 0.370 0.200 0.200 0.200 0.400 0.300 0.250
92 1917 0.540 0.360 0.200 0.200 0.200 0.400 0.300 0.250
93 1916 0.535 0.350 0.200 0.200 0.200 0.400 0.300 0.250
94 1915 0.530 0.340 0.200 0.200 0.200 0.400 0.300 0.250
95 1914 0.525 0.330 0.200 0.200 0.200 0.400 0.300 0.250
96 1913 0.520 0.320 0.200 0.200 0.200 0.400 0.300 0.250
97 1912 0.515 0.310 0.200 0.200 0.200 0.400 0.300 0.250
98 1911 0.510 0.300 0.200 0.200 0.200 0.400 0.300 0.250
99 1910 0.505 0.290 0.200 0.200 0.200 0.400 0.300 0.250
100 1909 0.500 0.280 0.200 0.200 0.200 0.400 0.300 0.250
525
223
OTHER FEATURES AND OUTBUILDING (OCLS) SCHEDULES
526
224
OTHER FEATURE CLASS: 1-GARFNFRM
GRADE- A GRADE- B GRADE- C GRADE- D GRADE- E
AREA RATE AREA RATE AREA RATE AREA RATE AREA RATE
300 42.24 300 34.36 300 28.16 300 23.09 300 14.08
420 40.13 420 32.64 420 26.75 420 21.94 420 13.38
550 38.12 550 31.00 550 26.41 550 20.84 550 12.71
670 35.81 670 29.12 670 23.87 670 19.57 670 11.94
800 32.24 800 26.22 800 21.49 800 17.63 800 10.75
920 29.01 920 23.59 920 19.34 920 15.86 920 9.67
1100 28.86 1100 23.47 1100 19.24 1100 15.78 1100 9.62
1350 28.71 1350 23.35 1350 19.14 1350 15.69 1350 9.57
OCLS 01 - UNFINISHED FRAME GARAGE SPECIFICATIONS
GRADE A B C D E
FOUNDATION Solid Solid Solid Solid Solid
FLOORS Concrete Concrete Concrete Concrete Earth
ROOF Asphalt Asphalt Asphalt Asphalt or Metal
(hi pitch) Metal
WALLS Excellent Good Quality Average Fair Quality Poor
Quality Siding Siding Quality Siding Siding Quality Siding
INTERIOR None None None None None
FINISH
OTHER Electricity Electricity Electricity Electricity None
& Plumbing
Grade Factors
(1) Quality of Construction
(2) Overall Appearance
(3) Size
Life Expectancy (EST) 30 years
OTHER FEATURE CLASS: 2-CARPORT
GRADE- A GRADE- B GRADE- C GRADE- D GRADE- E
AREA RATE AREA RATE AREA RATE AREA RATE AREA RATE
100 26.20 100 21.31 100 17.47 100 14.32 100 8.73
220 24.57 220 19.98 220 16.38 220 13.43 220 8.19
350 22.94 350 18.65 350 15.29 350 12.54 350 7.65
470 21.30 470 17.33 470 14.20 470 11.64 470 7.10
600 20.56 600 16.72 600 13.71 600 11.24 600 6.85
720 19.80 720 16.10 720 13.20 720 10.82 720 6.60
850 19.16 850 15.58 850 12.77 850 10.47 850 6.39
1000 18.51 1000 15.06 1000 12.34 1000 10.12 1000 6.17
OCLS 02 - CARPORT SPECIFICATIONS
GRADE A B C D E
FLOORS Concrete Concrete Concrete/Earth Earth Earth
ROOF Asphalt Asphalt Asphalt/Metal Asphalt/Metal Metal
FRAMING Steel Good Quality Average Quality Fair Quality Poor Quality
Grade Factors
(1) Quality of Construction (2) Overall Appearance
(3) Size
(4) Roof Style
Life Expectancy (EST) 10 years
527
225
OTHER FEATURE CLASS: 3-PATIO
GRADE- A GRADE- B GRADE- C GRADE- D GRADE- E
AREA RATE AREA RATE AREA RATE AREA RATE AREA RATE
50 5.78 50 4.70 50 3.85 50 3.16 50 1.93
150 5.58 150 4.54 150 3.72 150 3.05 150 1.86
250 5.36 250 4.36 250 3.58 250 2.93 250 1.79
350 5.20 350 4.23 350 3.47 350 2.84 350 1.73
450 5.03 450 4.09 450 3.36 450 2.75 450 1.68
500 4.95 500 4.03 500 3.30 500 2.71 500 1.65
550 4.88 550 3.97 550 3.25 550 2.67 550 1.63
600 4.70 600 3.82 600 3.14 600 2.57 600 1.57
OCLS 03 - PATIO SPECIFICATIONS
GRADE A B C D E
MATERIALS Flagstone in Tile in Concrete Concrete Concrete
Concrete 4 Concrete 4 Inches 3 to 4 3 Inch
Inches or 3 Inches or Over Inches or Less
Over or Over
Grade Factors
(1) Quality of Construction
(2) Shape and Appearance
(3) Size
(4) Special Features
Life Expectancy (EST) 10 years
OTHER FEATURE CLASS: 4-STORAGE
GRADE- A GRADE- B GRADE- C GRADE- D GRADE- E
AREA RATE AREA RATE AREA RATE AREA RATE AREA RATE
100 19.14 100 15.57 100 12.76 100 10.46 100 6.38
200 17.57 200 14.29 200 11.72 200 9.61 200 5.86
250 16.01 250 13.02 250 10.67 250 8.75 250 5.34
300 15.30 300 12.45 300 10.20 300 8.37 300 5.10
350 14.60 350 11.88 350 9.74 350 7.98 350 4.87
400 14.26 400 11.59 400 9.50 400 7.79 400 4.75
450 13.91 450 11.31 450 9.27 450 7.60 450 4.64
500 13.20 500 10.74 500 8.80 500 7.22 500 4.40
OCLS 04 - SHED/STORAGE SPECIFICATIONS
GRADE A B C D E FOUNDATION Masonry Masonry Piers, Wood Piers, Wood Pier
or Masonry or Masonry
FLOORS Concrete or Concrete or Concrete or Concrete or Wood
Wood Wood Wood Wood
ROOF Asphalt Asphalt Asphalt or Asphalt or Metal
Metal Metal Roll Roof
WALLS Brick Block Concrete Block Drop Low
or Equal or Siding Siding Cost
INTERIOR Minimal Minimal None None None
FINISH
OTHER Adequate Minimal Minimum Minimal None
Wiring Wiring
Grade Factors
(1) Quality of Construction
(2) Added features such as plumbing and good service wiring
(3) Overall design and size
Life Expectancy (EST) 25 years
Depreciation Factors
(1) Physical and Functional condition
528
226
(2) Location
(3) Adaptability for other use
OTHER FEATURE CLASS: 5-RESIDENTIAL SWIMMING POOL
GRADE- A GRADE- B GRADE- C GRADE- D GRADE- E
AREA RATE AREA RATE AREA RATE AREA RATE AREA RATE
150 40.24 150 32.73 150 26.83 150 22.00 150 13.41
200 37.70 200 30.66 200 25.14 200 20.61 200 12.57
300 35.16 300 28.60 300 23.44 300 19.22 300 11.72
400 32.60 400 26.52 400 21.74 400 17.82 400 10.87
500 30.34 500 24.68 500 20.23 500 16.59 500 10.11
600 28.17 600 22.91 600 18.78 600 15.40 600 9.39
700 26.00 700 21.15 700 17.34 700 14.22 700 8.67
900 22.84 900 18.57 900 15.22 900 12.48 900 7.61
OCLS 5 - RESIDENTIAL POOL SPECIFICATIONS
GRADE A B C D E
MATERIALS Poured Gunite and Vinyl Lined and Poured Cinder
Concrete with Fiberglass Supported Concrete and Block
part Tiling Concrete Block (old style)
Grade Factors (1) Filtration System
(2) Diving Board and Steps
(3) Chlorinator
Life Expectancy (EST) 10 to 20 years
OTHER FEATURE CLASS: 6-PACK BARN
GRADE- A GRADE- B GRADE- C GRADE- D GRADE- E
AREA RATE AREA RATE AREA RATE AREA RATE AREA RATE
250 10.50 250 8.00 250 3.78 250 4.75 250 3.50
320 10.19 320 7.76 320 3.71 320 4.61 320 3.40
400 9.88 400 7.53 400 3.64 400 4.47 400 3.29
480 9.58 480 7.30 480 3.57 480 4.34 480 3.19
570 9.30 570 7.08 570 3.50 570 4.21 570 3.10
700 9.02 700 6.87 700 3.43 700 4.08 700 3.01
800 8.75 800 6.66 800 3.36 800 3.96 800 2.92
1000 8.48 1000 6.46 1000 3.29 1000 3.84 1000 2.83
OCLS 06 - PACKBARN SPECIFICATIONS
GRADE A B C D E
FOUNDATION Solid Solid Solid Solid Pier
FLOORS Concrete Concrete Concrete Wood Wood
or Wood or Wood or Wood
ROOF Metal or Metal or Metal or Metal or Metal Asphalt Asphalt Asphalt Asphalt Roll Roof
WALLS Good Good Board or Board or Metal
Quality Siding Quality Siding Comparable Equal Comp. Roll
INTER FINISH Minimal Minimal Minimal None None
OTHER Plumbing & Plumbing &, Plumbing & Minimal None
Electricity Electricity Electricity Electricity
Grade Factors
(1) Quality of Construction and Materials
(2) Overall Appearance
(3) Size
(4) Loft Area (added storage would increase grade)
Life Expectancy (EST) 30 years
529
227
530
228
OTHER FEATURE CLASS: 7-BATH HSE
GRADE- A GRADE- B GRADE- C GRADE- D GRADE- E
AREA RATE AREA RATE AREA RATE AREA RATE AREA RATE
100 31.58 100 25.69 100 21.05 100 17.26 100 10.53
200 30.90 200 25.14 200 20.60 200 16.89 200 10.30
300 30.24 300 24.60 300 20.16 300 16.53 300 10.08
400 28.79 400 23.42 400 19.20 400 15.74 400 9.60
500 27.27 500 22.18 500 18.18 500 14.91 500 9.09
600 25.84 600 21.02 600 17.23 600 14.13 600 8.61
700 24.62 700 20.02 700 16.41 700 13.46 700 8.21
800 23.36 800 19.00 800 15.58 800 12.77 800 7.79
OCLS 07 - BATH HOUSE SPECIFICATIONS
GRADE A B C D E FOUNDATION Solid Solid Solid Solid Pier
FLOORS Tile or Vinyl Vinyl, Wood Wood or Wood
Vinyl or Conc. Concrete
ROOF Asphalt Asphalt Asphalt or Asphalt or Metal
Metal Metal
WALLS Brick Good Quality Average Low Poor
Siding Quality Siding Quality Siding Siding
INTERIOR Insulation Insulation Minimum Finish None
FINISH & Finish & Finish Insulation No Insulation
& Finish
OTHER Electricity Electricity Minimum Elec. & Elec. &
& Plumbing & Plumbing Wiring Plumbing Plumbing
& Plumbing
Grade Factors
(1) Quality of Construction
(2) Shape and Appearance (3) Size
(4) Special Features
Life Expectancy (EST) 30 years
OTHER FEATURE CLASS: 8-SHELTER
GRADE- A GRADE- B GRADE- C GRADE- D GRADE- E
AREA RATE AREA RATE AREA RATE AREA RATE AREA RATE
200 10.31 200 8.39 200 6.88 200 5.64 200 3.44
600 9.24 600 7.52 600 6.16 600 5.05 600 3.08
1000 8.66 1000 7.05 1000 5.78 1000 4.74 1000 2.89
1400 8.17 1400 6.64 1400 5.45 1400 4.46 1400 2.72
1800 7.67 1800 6.24 1800 5.12 1800 4.19 1800 2.56
3000 7.26 3000 5.90 3000 4.84 3000 3.97 3000 2.42
5000 6.93 5000 5.64 5000 4.62 5000 3.79 5000 2.31
6000 6.60 6000 5.37 6000 4.40 6000 3.61 6000 2.20
OCLS 08 - SHELTER SPECIFICATIONS
GRADE A B C D E
SIDES 1 Or 2 1 Or 2 None None None
CNST/QUAL Excellent Good Average Low Cost Poor
FLOOR Concrete Earth Earth Earth Earth
Grade Factors
(1) Quality of Construction
(2) Special Features
(3) Overall Appearance
Life Expectancy (EST) 10 to 20 years
531
229
OTHER FEATURE CLASS: 9-STABLE
GRADE- A GRADE- B GRADE- C GRADE- D GRADE- E
AREA RATE AREA RATE AREA RATE AREA RATE AREA RATE
200 18.56 200 15.10 200 12.38 200 10.15 200 6.19
400 18.18 400 14.79 400 12.12 400 9.94 400 6.06
600 17.82 600 14.49 600 11.88 600 9.74 600 5.94
800 17.29 800 14.06 800 11.53 800 9.45 800 5.76
1000 16.76 1000 13.63 1000 11.18 1000 9.16 1000 5.59
1200 16.10 1200 13.10 1200 10.74 1200 8.80 1200 5.37
1400 15.44 1400 12.56 1400 10.30 1400 8.44 1400 5.15
1600 14.69 1600 11.94 1600 9.79 1600 8.03 1600 4.90
OCLS 09 - STABLE SPECIFICATIONS
GRADE A B C D E
FOUNDATION Solid Solid Solid Solid Solid
FLOORS Some Wood Some Wood Earth Earth Earth
or Concrete or Concrete
ROOF Asphalt or Metal Asphalt or Metal Asphalt or Metal Metal Metal
WALLS Very Good Good Quality Average Low Poor
Quality Siding Siding Quality Siding Quality Siding Siding
INTERIOR FIN Minimum None None None None
OTHER Electricity, Pbg. Electricity, Pbg. Min Elect, Pbg. Elect or Pbg. None
Grade Factors
(1) Quality of Construction
(2) Shape and Appearance
(3) Size
(4) Special Features, Stalls
Life Expectancy (EST) 30 years
OTHER FEATURE CLASS: 10-SUMMER KITCHEN
GRADE- A GRADE- B GRADE- C GRADE- D GRADE- E
AREA RATE AREA RATE AREA RATE AREA RATE AREA RATE
100 13.80 100 11.22 100 9.20 100 7.54 100 4.60
200 12.75 200 10.37 200 8.50 200 6.97 200 4.25
300 12.00 300 9.76 300 8.00 300 6.56 300 4.00
400 11.55 400 9.39 400 7.70 400 6.31 400 3.85
600 10.88 600 8.85 600 7.25 600 5.95 600 3.63
700 10.58 700 8.60 700 7.05 700 5.78 700 3.53
800 10.28 800 8.36 800 6.85 800 5.62 800 3.43
1000 10.05 1000 8.17 1000 6.70 1000 5.49 1000 3.35
OCLS 10 - SUMMER KITCHEN SPECIFICATIONS
GRADE A B C D E
FOUNDATION Solid Solid Solid Solid Pier
FLOORS Tile or Vinyl Vinyl, Wood Concrete or Wood
Vinyl or Concrete Wood
ROOF Asphalt Asphalt Asphalt or Asphalt or Metal Metal Metal
WALLS Brick Good Quality Average Low Quality Poor
Siding Quality Siding Siding Siding
INTERIOR Insulation Insulation Minimum Finish None
FINISH & Finish & Finish Insulation No Insulation
& Finish
OTHER Electricity Electricity Minimum Elec. & Elec. &
& Plumbing & Plumbing Wiring & Pbg. Plumbing Plumbing
Grade Factors
(1) Quality of Construction
(2) Shape and Appearance
(3) Size
(4) Special Features
Life Expectancy (EST) 30 years
532
230
533
231
OTHER FEATURE CLASS: 11-WELL HSE
GRADE- A GRADE- B GRADE- C GRADE- D GRADE- E
AREA RATE AREA RATE AREA RATE AREA RATE AREA RATE
50 15.00 50 12.20 50 10.00 50 8.20 50 5.00
100 13.65 100 11.10 100 9.10 100 7.46 100 4.55
150 13.13 150 10.68 150 8.75 150 7.18 150 4.38
200 12.68 200 10.31 200 8.45 200 6.93 200 4.23
0 0.00 0 0.00 0 0.00 0 0.00 0 0.00
0 0.00 0 0.00 0 0.00 0 0.00 0 0.00
0 0.00 0 0.00 0 0.00 0 0.00 0 0.00
0 0.00 0 0.00 0 0.00 0 0.00 0 0.00
OCLS 11- WELL HOUSE SPECIFICATIONS
GRADE A B C D E
FOUNDATION Solid Solid Solid Solid
FLOORS Concrete Concrete Concrete or Earth Earth
Earth
ROOF Asphalt Asphalt Asphalt or Asphalt or Metal
Metal Metal
WALLS Brick Good Quality Average Low Quality Metal
Siding Quality Siding Siding l
INTERIOR Insulation Insulation Minimum Minimum None
FINISH & Walls & Walls Insulation & Walls
OTHER Electricity Electricity Minimum Electricity & Electricity
& Plumbing & Plumbing Wiring Plumbing
& Plumbing
Grade Factors
(1) Quality of Construction
(2) Overall Appearance
(3) Size
WELL HOUSE IS LARGER THAN A PUMP HOUSE. HAS WATER PUMP AND STORAGE
Life Expectancy (EST) 10 to 20 years
OTHER FEATURE CLASS: 12-ASPHALT PAVING
GRADE- A GRADE- B GRADE- C GRADE- D GRADE- E
AREA RATE AREA RATE AREA RATE AREA RATE AREA RATE
100 3.25 100 2.64 100 2.17 100 1.78 100 1.08
1000 3.05 1000 2.48 1000 2.04 1000 1.67 1000 1.02
2500 2.84 2500 2.31 2500 1.89 2500 1.55 2500 0.95
5000 2.71 5000 2.20 5000 1.80 5000 1.48 5000 0.90
7500 2.66 7500 2.16 7500 1.77 7500 1.45 7500 0.89
10000 2.59 10000 2.11 10000 1.73 10000 1.42 10000 0.86
15000 2.54 15000 2.07 15000 1.69 15000 1.39 15000 0.85
25000 2.46 25000 2.00 25000 1.64 25000 1.34 25000 0.82
OCLS 12 - BT PAVING ( ASPHALT) SPECIFICATIONS
GRADE A B C D E
QUALITY Same Same Same Same Same
Life Expectancy (EST) 10 years
534
232
OTHER FEATURE CLASS: 13-CONC PAVNG
GRADE- A GRADE- B GRADE- C GRADE- D GRADE- E
AREA RATE AREA RATE AREA RATE AREA RATE AREA RATE
100 4.62 100 3.76 100 3.08 100 2.53 100 1.54
1000 4.37 1000 3.56 1000 2.92 1000 2.39 1000 1.46
2500 4.13 2500 3.36 2500 2.75 2500 2.26 2500 1.38
5000 4.04 5000 3.29 5000 2.70 5000 2.21 5000 1.35
7500 3.96 7500 3.22 7500 2.64 7500 2.16 7500 1.32
10000 3.88 10000 3.15 10000 2.59 10000 2.12 10000 1.29
15000 3.80 15000 3.09 15000 2.53 15000 2.07 15000 1.27
25000 3.71 25000 3.02 25000 2.48 25000 2.03 25000 1.24
OCLS 13 - CONCRETE PAVING SPECIFICATIONS
GRADE A B C D E
QUALITY Same Same Same Same Same
Life Expectancy (EST) 10 to 15 years
OTHER FEATURE CLASS: 14-SHOP
GRADE- A GRADE- B GRADE- C GRADE- D GRADE- E
AREA RATE AREA RATE AREA RATE AREA RATE AREA RATE
100 19.72 100 16.04 100 13.15 100 10.78 100 6.57
200 18.89 200 15.37 200 12.60 200 10.33 200 6.30
300 18.07 300 14.69 300 12.05 300 9.88 300 6.02
400 17.24 400 14.02 400 11.50 400 9.43 400 5.75
500 16.42 500 13.35 500 10.95 500 8.97 500 5.47
600 15.64 600 12.72 600 10.43 600 8.55 600 5.21
800 14.87 800 12.09 800 9.91 800 8.13 800 4.96
1000 14.09 1000 11.46 1000 9.39 1000 7.70 1000 4.70
OCLS 14 - SHOP SPECIFICATIONS
GRADE A B C D E
FOUNDATION Solid Solid Solid Solid Pier
FLOORS Concrete Concrete Concrete Concrete or Concrete or
or Wood Wood Wood
ROOF Asphalt Asphalt Asphalt or Asphalt or Metal or
Metal Metal Asphalt
WALLS Brick Good Quality Average Low Quality Poor
Siding Quality Siding Siding Siding
INTERIOR Good Standard Minimum None None
FINISH
OTHER Electricity Electricity Electricity Electricity Electricity
& Plumbing
Grade Factors
(1) Quality of Construction
(2) Overall Appearance
(3) Size
Life Expectancy (EST) 30 years
535
233
OTHER FEATURE CLASS: 15-LUMBER STORAGE
GRADE- A GRADE- B GRADE- C GRADE- D GRADE- E
AREA RATE AREA RATE AREA RATE AREA RATE AREA RATE
2000 16.91 2000 13.75 2000 11.28 2000 9.25 2000 7.48
4000 14.85 4000 12.08 4000 9.90 4000 8.12 4000 6.56
6000 13.37 6000 10.87 6000 8.91 6000 7.31 6000 5.91
8000 12.62 8000 10.27 8000 8.42 8000 6.90 8000 5.58
10000 12.46 10000 10.13 10000 8.31 10000 6.81 10000 5.51
12000 12.38 12000 10.07 12000 8.25 12000 6.77 12000 5.47
14000 12.29 14000 10.00 14000 8.20 14000 6.72 14000 5.43
16000 12.05 16000 9.80 16000 8.03 16000 6.58 16000 5.32
OCLS 15 - LUMBER STORAGE SPECIFICATIONS
GRADE A B C D E
FOUNDATION Solid Solid Solid Solid Post in Conc.
FLOORS 6 Inch Conc. 6 Inch Conc. 4-6 In. Conc. 4 Inch Conc. Earth
FRAME Heavy Steel Structural Steel Structural Steel Light Steel Wood
WALLS Steel, Brick or Steel Steel Steel or Wood Metal or Metal
Concrete Block Siding Siding
ROOF Steel Steel Steel Metal Metal
OTHER Wiring, Sliding Wiring, Sliding Minimal Wiring, Minimal Wiring, 2 or More Doors Doors Open One End Open 2 Sides Sides
Grade Factors
(1) Quality of Construction
(2) Quality of Materials
Life Expectancy (EST) 20 years
OTHER FEATURE CLASS: 16-BOAT HOUSE
GRADE- A GRADE- B GRADE- C GRADE- D GRADE- E
AREA RATE AREA RATE AREA RATE AREA RATE AREA RATE
200 48.11 200 39.13 200 32.08 200 26.30 200 16.04
300 47.54 300 38.66 300 31.69 300 25.99 300 15.85
400 46.61 400 37.91 400 31.08 400 25.48 400 15.54
600 45.01 600 36.61 600 30.01 600 24.61 600 15.00
800 43.16 800 35.11 800 28.78 800 23.60 800 14.39
1000 40.95 1000 33.31 1000 27.30 1000 22.39 1000 13.65
1500 38.49 1500 31.31 1500 25.66 1500 21.04 1500 12.83
2000 35.85 2000 29.16 2000 23.90 2000 19.60 2000 11.95
OCLS 16 - BOAT HOUSE SPECIFICATIONS
GRADE A B C D E
FOUNDATION Pilings Pilings Pilings Pilings Pilings
ROOF Treated Wood Treated Wood Treated Wood, Wood, Asphalt Wood, Asphalt or Asphalt or Asphalt Asphalt, Metal or Metal or Metal
ROOF STYLE Gable, Flat Gable, Flat Gable, Flat Gable, Flat Gable, Flat
with Sun Deck Sun Deck Sun Deck Sun Deck
RAILS Yes Yes Yes Yes None
BENCHES Yes Yes None None None
CONST/QUAL Excellent Good Average Low Cost Poor
Grade Factors
(1) Quality of Construction
(2) Special Features
Life Expectancy (EST) 15 years
536
234
OTHER FEATURE CLASS: 17-BULK BARN
GRADE- A GRADE- B GRADE- C GRADE- D GRADE- E
AREA RATE AREA RATE AREA RATE AREA RATE AREA RATE
10 3750. 10 3050. 10 2500. 10 2050. 10 1250.
10 3750. 10 3050. 10 2500. 10 2050. 10 1250.
10 3750. 10 3050. 10 2500. 10 2050. 10 1250.
10 3750. 10 3050. 10 2500. 10 2050. 10 1250.
10 3750. 10 3050. 10 2500. 10 2050. 10 1250.
10 3750. 10 3050. 10 2500. 10 2050. 10 1250.
10 3750. 10 3050. 10 2500. 10 2050. 10 1250.
10 3750. 10 3050. 10 2500. 10 2050. 10 1250.
OCLS 17 - BULK BARN
GRADE A B C D E
Note: bulk barns are to priced as follows:
retrofitted barn - $2500
non retrofitted barn - $100
OTHER FEATURE CLASS: 18-TOBACCO BARN
GRADE- A GRADE- B GRADE- C GRADE- D GRADE- E
AREA RATE AREA RATE AREA RATE AREA RATE AREA RATE
220 100.00 220 100.00 220 100.00 220 100.00 220 100.00
230 100.00 230 100.00 230 100.00 230 100.00 230 100.00
250 100.00 250 100.00 250 100.00 250 100.00 250 100.00
290 100.00 290 100.00 290 100.00 290 100.00 290 100.00
320 100.00 320 100.00 320 100.00 320 100.00 320 100.00
0 0.00 0 0.00 0 0.00 0 0.00 0 0.00
0 0.00 0 0.00 0 0.00 0 0.00 0 0.00
0 0.00 0 0.00 0 0.00 0 0.00 0 0.00
OCLS 18 - TOBACCO BARN SPECIFICATIONS
GRADE A B C D E
FOUNDATION Solid Solid Solid Solid Solid
FLOORS Earth Earth Earth Earth Earth
ROOF Metal Metal Metal Metal Metal
WALLS Bound Siding Bound Siding Bound Siding Bound Siding Bound Siding
INTERIOR None None None None None
FINISH
NOTE: Values assigned to tobacco barns are of a contributory value as opposed to actual replacement
cost. A tobacco barn is a special designed structure and is not suited for any other practical use. If the structure has been remodeled to be used as a shop, storage building, etc., the classification
should be changed to reflects its use. Depreciation on most barns is high because of economic
trends and the very limited use of such improvements.
537
235
OTHER FEATURE CLASS: 19-PIERS <BOAT>
GRADE- A GRADE- B GRADE- C GRADE- D GRADE- E
AREA RATE AREA RATE AREA RATE AREA RATE AREA RATE
100 30.11 100 24.49 100 20.08 100 16.46 100 10.04
200 29.40 200 23.91 200 19.60 200 16.07 200 9.80
300 28.17 300 22.91 300 18.78 300 15.40 300 9.39
400 28.03 400 22.80 400 18.69 400 15.32 400 9.34
500 27.34 500 22.24 500 18.23 500 14.95 500 9.11
600 25.87 600 21.04 600 17.25 600 14.14 600 8.62
700 23.63 700 19.22 700 15.75 700 12.92 700 7.88
800 21.20 800 17.24 800 14.14 800 11.59 800 7.07
OCLS 19 - PIER SPECIFICATIONS
GRADE A B C D E
FOUNDATION Pilings Pilings Pilings Pilings Pilings
FLOORS 1”-2” Treated 1”-2” Treated 1” -2” Treated 1” Treated 1” Treated
Wood Deck Wood Deck Wood Deck Deck Deck
OTHER Rails and Rails and None None None
Benches Benches
Grade Factors (1) Quality of Construction
(2) Special Features
(3) Size and Shape
Life Expectancy (EST) 15 years
OTHER FEATURE CLASS: 20-POLE SHELTER
GRADE- A GRADE- B GRADE- C GRADE- D GRADE- E
AREA RATE AREA RATE AREA RATE AREA RATE AREA RATE
200 7.71 200 6.27 200 5.14 200 4.22 200 2.57
600 6.53 600 5.31 600 4.36 600 3.57 600 2.18
1000 5.90 1000 4.80 1000 3.93 1000 3.22 1000 1.97
1400 5.35 1400 4.35 1400 3.57 1400 2.93 1400 1.78
1800 4.81 1800 3.91 1800 3.21 1800 2.63 1800 1.60
3000 4.36 3000 3.54 3000 2.90 3000 2.38 3000 1.45
6000 3.63 6000 2.95 6000 2.42 6000 1.98 6000 1.21
0 0.00 0 0.00 0 0.00 0 0.00 0 0.00
OCLS 20 – POLE SHELTER SPECIFICATIONS
GRADE A B C D E
SIDES 1 Or 2 1 Or 2 None None None
CNST/QUAL Excellent Good Average Low Cost Poor
FLOOR Concrete Earth Earth Earth Earth
Grade Factors
(1) Quality of Construction
(2) Special Features (3) Overall Appearance
Life Expectancy (EST) 10 to 20 years
538
236
OTHER FEATURE CLASS: 21-BARN
GRADE- A GRADE- B GRADE- C GRADE- D GRADE- E
AREA RATE AREA RATE AREA RATE AREA RATE AREA RATE
400 15.00 400 12.00 400 11.88 400 8.00 400 6.00
600 14.55 600 11.64 600 11.66 600 7.76 600 5.82
800 14.11 800 11.29 800 11.50 800 7.53 800 5.65
1000 13.69 1000 10.95 1000 11.33 1000 7.30 1000 5.48
1200 13.28 1200 10.62 1200 11.17 1200 7.08 1200 5.31
1500 12.88 1500 10.30 1500 11.00 1500 6.87 1500 5.15
2000 12.49 2000 10.00 2000 10.78 2000 6.66 2000 5.00
3000 12.12 3000 9.70 3000 10.45 3000 6.46 3000 4.85
OCLS 21 - BARN SPECIFICATIONS
GRADE A B C D E
FOUNDATION Solid Solid Solid or Pier Pier Pier
FLOORS Concrete Concrete Concrete Wood Wood or Earth
or Wood or Wood or Wood
ROOF Metal or Metal or Metal or Metal Metal
Asphalt Asphalt Asphalt Asphalt Roll Roof
WALLS Good Good Board or Board or Metal
Quality Siding Quality Siding Comparable Equal Comp. Roll INTERIOR Insulation Insulation Minimal None None
FINISH and Walls and Walls
OTHER Plumbing & Plumbing &, Plumbing & Minimal. None
Electricity Electricity Electricity Electricity
Grade Factors
(1) Quality of Construction and Materials
(2) Overall Appearance
(3) Size
(4) Loft Area (added storage would increase grade)
(5) Special Features such as stalls, etc.
Life Expectancy (EST) 30 years
OTHER FEATURE CLASS: 22-GAZEBO
GRADE- A GRADE- B GRADE- C GRADE- D GRADE- E
AREA RATE AREA RATE AREA RATE AREA RATE AREA RATE
50 41.42 50 33.68 50 27.61 50 22.64 50 13.81
100 35.49 100 28.87 100 23.66 100 19.40 100 11.83
150 33.51 150 27.26 150 22.34 150 18.32 150 11.17
200 32.54 200 26.46 200 21.69 200 17.79 200 10.85
250 31.94 250 25.98 250 21.30 250 17.46 250 10.65
300 31.55 300 25.66 300 21.03 300 17.25 300 10.52
350 31.27 350 25.43 350 20.85 350 17.09 350 10.42
400 31.05 400 25.26 400 20.70 400 16.98 400 10.35
OCLS 22 - GAZEBO SPECIFICATIONS
GRADE A B C D E
MATERIALS Masonry Treated Wood Treated Wood Wood Wood
Grade Factors
(1) Quality of Construction
(2) Special Features (rails, etc.,)
(3) Size and Shape
Life Expectancy (EST) 10 years
539
237
OTHER FEATURE CLASS: 23-SERVICE STATION CANOPY
GRADE- A GRADE- B GRADE- C GRADE- D GRADE- E
AREA RATE AREA RATE AREA RATE AREA RATE AREA RATE
400 20.46 400 16.64 400 13.64 400 11.18 400 6.82
450 20.25 450 16.47 450 13.50 450 11.07 450 6.75
500 20.03 500 16.29 500 13.35 500 10.95 500 6.68
600 19.83 600 16.13 600 13.22 600 10.84 600 6.61
800 19.47 800 15.84 800 12.98 800 10.64 800 6.49
1000 19.24 1000 15.65 1000 12.83 1000 10.52 1000 6.41
1200 19.11 1200 15.54 1200 12.74 1200 10.45 1200 6.37
1400 19.07 1400 15.51 1400 12.72 1400 10.43 1400 6.36
OCLS 23 - SERVICE STATION CANOPY SPECIFICATIONS
GRADE A B C D E
ROOF Steel Frame Steel Frame Enameled Wood Deck Thin Metal,
or Steel or Steel Steel or Metal Flat or Pitch Cheap
Reinforced Reinforced Wood Deck
Good Metal Good Metal
OTHER High Quality Good Quality Average Average Cheap Wood
Steel Frame Steel Frame Quality Steel Quality Wood Frame
Steel Frame Frame
NOTE: Lighting included in all but Grade “E”
OTHER FEATURE CLASS: 24-TENANT HOUSE
GRADE- A GRADE- B GRADE- C GRADE- D GRADE- E
AREA RATE AREA RATE AREA RATE AREA RATE AREA RATE
10 5000. 10 4000. 10 3000. 10 2000. 10 1000.
10 5000. 10 4000. 10 3000. 10 2000. 10 1000.
10 5000. 10 4000. 10 3000. 10 2000. 10 1000.
10 5000. 10 4000. 10 3000. 10 2000. 10 1000.
10 5000. 10 4000. 10 3000. 10 2000. 10 1000.
10 5000. 10 4000. 10 3000. 10 2000. 10 1000.
10 5000. 10 4000. 10 3000. 10 2000. 10 1000.
10 5000. 10 4000. 10 3000. 10 2000. 10 1000.
OCLS 24 - TENANT HOUSE SPECIFICATIONS
GRADE A - Appraiser’s Discretion.
B - Appraiser’s Discretion
C - Appraiser’s Discretion
D - Appraiser’s Discretion
E - Appraiser’s Discretion
Grade Factors
(1) Quality and Appearance
NOTE: Tenant houses are priced by the unit. A “C” grade tenant house is entered 1 x 1.
540
238
OTHER FEATURE CLASS: 25-MOBILE HOME HOOK UP
GRADE- A GRADE- B GRADE- C GRADE- D GRADE- E
AREA RATE AREA RATE AREA RATE AREA RATE AREA RATE
10 3750. 10 3050. 10 2500. 10 2050. 10 1250.
10 3750. 10 3050. 10 2500. 10 2050. 10 1250.
10 3750. 10 3050. 10 2500. 10 2050. 10 1250.
10 3750. 10 3050. 10 2500. 10 2050. 10 1250.
10 3750. 10 3050. 10 2500. 10 2050. 10 1250.
10 3750. 10 3050. 10 2500. 10 2050. 10 1250.
10 3750. 10 3050. 10 2500. 10 2050. 10 1250.
10 3750. 10 3050. 10 2500. 10 2050. 10 1250.
OCLS 25 - MOBILE HOME HOOKUP SPECIFICATIONS
GRADE A B C D E
Quality of park Execellent Good Average Fair Poor
Life Expectancy (EST) 35 Years
Note: Use “C” grade for hookup on private property unless the hookup is of inferior quality. A mobile
home does not have to be hooked up to charge for a hookup.
OTHER FEATURE CLASS: 26-MISCELLANEOUS BLDG
GRADE- A GRADE- B GRADE- C GRADE- D GRADE- E
AREA RATE AREA RATE AREA RATE AREA RATE AREA RATE
10 400.00 10 300.00 10 200.00 10 100.00 10 75.00
10 400.00 10 300.00 10 200.00 10 100.00 10 75.00
10 400.00 10 300.00 10 200.00 10 100.00 10 75.00
10 400.00 10 300.00 10 200.00 10 100.00 10 75.00
10 400.00 10 300.00 10 200.00 10 100.00 10 75.00
10 400.00 10 300.00 10 200.00 10 100.00 10 75.00
10 400.00 10 300.00 10 200.00 10 100.00 10 75.00
10 400.00 10 300.00 10 200.00 10 100.00 10 75.00
OCLS 26 - MISCELLANEOUS BUILDINGS GRADE A B C D E
Note: Appraisers Discretion. These are unidentifiable older buildings, typically on a farm. This type of a building is sound
valued.
541
239
OTHER FEATURE CLASS: 27-STEEL PREFAB STEEL
GRADE- A GRADE- B GRADE- C GRADE- D GRADE- E
AREA RATE AREA RATE AREA RATE AREA RATE AREA RATE
400 17.24 10 14.02 400 11.50 400 9.43 400 5.75
1600 15.77 0 12.83 1600 10.52 1600 8.62 1600 5.26
2800 14.44 10 11.74 2800 9.63 2800 7.89 2800 4.81
4000 13.46 80 10.95 4000 8.98 4000 7.36 4000 4.49
5200 12.67 10 10.31 5200 8.45 5200 6.93 5200 4.22
6400 11.93 70 9.70 6400 7.95 6400 6.52 6400 3.98
7600 11.22 10 9.13 7600 7.48 7600 6.13 7600 3.74
8400 10.77 90 8.76 8400 7.18 8400 5.89 8400 3.59
OCLS 27 - PREFAB STEEL BUILDING SPECIFICATIONS
GRADE A B C D E
FOUNDATION Solid Solid Solid Solid Post in Con
FLOORS 4-6 Inch Conc. 4 Inch Conc. 4 Inch Conc. 3 Inch Conc. 3 Inch Conc.
FRAME Heavy Steel Steel Steel Light Steel Light Steel
WALLS Metal Metal Metal Metal Metal
INTER FINISH Insulation Insulation Min. Insulation None None
OTHER Wiring & Plbg. Wiring & Plbg. Minimal Wiring Minimal Wiring None
Grade Factors (1) Quality of Construction
(2) Wall Height - 12’ Average
(3) Type of Doors
(4) Amount of Interior Finish
(5) Size
(6) Type of Insulation
(7) Open space over 50’ is more expensive
(8) Roof - Standing seam is more expensive
Life Expectancy (EST) 35 years
OTHER FEATURE CLASS: 28-OUTBUILDING ENCL FRAME PORCH
GRADE- A GRADE- B GRADE- C GRADE- D GRADE- E
AREA RATE AREA RATE AREA RATE AREA RATE AREA RATE
50 33.00 50 26.84 50 22.00 50 18.04 50 11.00
100 31.76 100 25.83 100 21.18 100 17.36 100 10.59
150 30.94 150 25.16 150 20.63 150 16.91 150 10.31
200 30.53 200 24.83 200 20.35 200 16.69 200 10.18
250 30.11 250 24.49 250 20.08 250 16.46 250 10.04
300 29.70 300 24.16 300 19.80 300 16.24 300 9.90
350 29.29 350 23.82 350 19.53 350 16.01 350 9.76
400 28.88 400 23.49 400 19.25 400 15.79 400 9.63
OCLS 28 - TRAILER ENCLOSED PORCH SPECIFICATIONS
GRADE A B C D E
FOUNDATION Solid Solid Solid Solid Solid
FLOORS Concrete Concrete Concrete Concrete Wood
or Broken Tile or Broken Tile or Wood or Wood
ROOF Asphalt Asphalt Asphalt/Metal Asphalt/Metal Metal
WALLS Brick Good Average Fair Poor
Quality Siding Quality Siding Quality Siding Quality Siding
INTERIOR Drywall Some Minimum None None
FINISH or Panel
OTHER Electricity Electricity Electricity Electricity Electricity
Grade Factors
(1) Quality of Construction
(2) Quality of Materials and Workmanship
(3) Size
Life Expectancy (EST) 15 years
542
240
OTHER FEATURE CLASS: 29-OUTBUILDING OPEN FRAME PORCH
GRADE- A GRADE- B GRADE- C GRADE- D GRADE- E
AREA RATE AREA RATE AREA RATE AREA RATE AREA RATE
50 26.40 50 21.47 50 17.60 50 14.43 50 8.80
100 25.41 100 20.67 100 16.94 100 13.89 100 8.47
150 24.75 150 20.13 150 16.50 150 13.53 150 8.25
200 24.42 200 19.86 200 16.28 200 13.35 200 8.14
250 24.09 250 19.59 250 16.06 250 13.17 250 8.03
300 23.76 300 19.32 300 15.84 300 12.99 300 7.92
350 23.43 350 19.06 350 15.62 350 12.81 350 7.81
400 23.10 400 18.79 400 15.40 400 12.63 400 7.70
OCLS 29 - TRAILER OPEN FRAME PORCH SPECIFICATIONS
GRADE A B C D E
FOUNDATION Solid Solid Solid Or Pier Pier Pier
FLOORS Concrete Concrete Concrete Concrete Wood
or Broken Tile or Broken Tile or Wood or Wood
ROOF Asphalt Asphalt Asphalt/Metal Asphalt/Metal Metal
OTHER Electricity Electricity Electricity
Grade Factors
(1) Quality of Construction
(2) Quality of Materials and Workmanship
(3) Size
Life Expectancy (EST) 15 years
OTHER FEATURE CLASS: 30-OUTBUILDING ENCL MASONRY PORCH
GRADE- A GRADE- B GRADE- C GRADE- D GRADE- E
AREA RATE AREA RATE AREA RATE AREA RATE AREA RATE
50 36.30 50 29.52 50 24.20 50 19.84 50 12.10
100 34.95 100 28.42 100 23.30 100 19.10 100 11.65
150 34.04 150 27.69 150 22.69 150 18.61 150 11.35
200 33.58 200 27.31 200 22.39 200 18.36 200 11.19
250 33.12 250 26.93 250 22.08 250 18.10 250 11.04
300 32.67 300 26.57 300 21.78 300 17.86 300 10.89
350 32.22 350 26.21 350 21.48 350 17.62 350 10.74
400 31.76 400 25.83 400 21.18 400 17.36 400 10.59
OCLS 30 - TRAILER ENCLOSED MASONRY PORCH SPECIFICATIONS
GRADE A B C D E
FOUNDATION Solid Solid Solid Solid Solid
FLOORS Concrete Concrete Concrete Concrete Concrete or Broken Tile or Broken Tile
ROOF Asphalt Asphalt Asphalt/Metal Asphalt/Metal Metal
WALLS Brick Good Average Fair Poor
Quality Siding Quality Siding Quality Siding Quality Siding
INTERIOR Drywall Some Minimum None None
FINISH or Panel
OTHER Electricity Electricity Electricity Electricity Electricity
Grade Factors
(1) Quality of Construction
(2) Quality of Materials and Workmanship
(3) Size
Life Expectancy (EST) 15 years
543
241
OTHER FEATURE CLASS: 31-OUTBUILDING OPEN MASONRY PORCH
GRADE- A GRADE- B GRADE- C GRADE- D GRADE- E
AREA RATE AREA RATE AREA RATE AREA RATE AREA RATE
50 29.04 50 23.62 50 19.36 50 15.88 50 9.68
100 27.96 100 22.74 100 18.64 100 15.28 100 9.32
150 27.23 150 22.14 150 18.15 150 14.88 150 9.08
200 26.87 200 21.85 200 17.91 200 14.69 200 8.96
250 26.49 250 21.55 250 17.66 250 14.48 250 8.83
300 26.13 300 21.25 300 17.42 300 14.28 300 8.71
350 25.79 350 20.97 350 17.19 350 14.10 350 8.60
400 25.41 400 20.67 400 16.94 400 13.89 400 8.47
OCLS 31 - TRAILER OPEN MASONRY PORCH SPECIFICATIONS
GRADE A B C D E
FOUNDATION Solid Solid Solid Or Pier Pier Pier
FLOORS Concrete Concrete Concrete Concrete Concrete
or Broken Tile or Broken Tile
ROOF Asphalt Asphalt Asphalt/Metal Asphalt/Metal Metal
OTHER Electricity Electricity Electricity
Grade Factors
(1) Quality of Construction
(2) Quality of Materials and Workmanship
(3) Size
Life Expectancy (EST) 15 years
OTHER FEATURE CLASS: 32-OUTBUILDING CONCRETE PORCH
GRADE- A GRADE- B GRADE- C GRADE- D GRADE- E
AREA RATE AREA RATE AREA RATE AREA RATE AREA RATE
100 9.90 100 8.05 100 6.60 100 5.41 100 3.30
350 8.91 350 7.25 350 5.94 350 4.87 350 2.97
600 8.33 600 6.78 600 5.56 600 4.56 600 2.78
0 0.00 0 0.00 0 0.00 0 0.00 0 0.00
0 0.00 0 0.00 0 0.00 0 0.00 0 0.00
0 0.00 0 0.00 0 0.00 0 0.00 0 0.00
0 0.00 0 0.00 0 0.00 0 0.00 0 0.00
0 0.00 0 0.00 0 0.00 0 0.00 0 0.00
OCLS 31 - TRAILER CONCRETE PORCH SPECIFICATIONS
GRADE A B C D E
FOUNDATION Solid Solid Solid Or Pier Pier Pier
FLOORS Concrete Concrete Concrete Concrete Concrete
ROOF Asphalt Asphalt Asphalt/Metal Asphalt/Metal Metal
OTHER Electricity Electricity Electricity
Grade Factors
(1) Quality of Construction
(2) Quality of Materials and Workmanship
(3) Size
Life Expectancy (EST) 15 years
544
242
OTHER FEATURE CLASS: 33-OUTBUILDING DECK
GRADE- A GRADE- B GRADE- C GRADE- D GRADE- E
AREA RATE AREA RATE AREA RATE AREA RATE AREA RATE
50 20.79 50 16.91 50 13.86 50 11.37 50 6.93
100 20.39 100 16.59 100 13.60 100 11.15 100 6.80
150 20.20 150 16.43 150 13.46 150 11.04 150 6.73
270 18.94 270 15.41 270 12.63 270 10.35 270 6.31
400 18.36 400 14.94 400 12.24 400 10.04 400 6.12
520 17.79 520 14.47 520 11.86 520 9.72 520 5.93
650 17.26 650 14.04 650 11.51 650 9.43 650 5.75
800 16.17 800 13.15 800 10.78 800 8.84 800 5.39
OCLS 33 - TRAILER DECK
GRADE A B C D E
MATERIALS Excellent Good Average Fair Poor
Quality Quality Quality Quality Quality
RAILS Yes Yes Yes Yes Yes
LATTICE Yes Yes Yes None None
BENCHES Yes Yes None None None
Grade Factors
(1) Quality of Construction
(2) Shape and Appearance
(3) Size (4) Special Features
Life Expectancy (EST) 15 years
OTHER FEATURE CLASS: 34-OUTBUILDING UTILITY ROOM
GRADE- A GRADE- B GRADE- C GRADE- D GRADE- E
AREA RATE AREA RATE AREA RATE AREA RATE AREA RATE
50 36.30 50 29.52 50 24.20 50 19.84 50 12.10
100 34.94 100 28.41 100 23.29 100 19.10 100 11.65
150 34.04 150 27.68 150 22.69 150 18.61 150 11.35
200 33.59 200 27.32 200 22.39 200 18.36 200 11.20
250 33.14 250 26.95 250 22.09 250 18.11 250 11.05
0 0.00 0 0.00 0 0.00 0 0.00 0 0.00
0 0.00 0 0.00 0 0.00 0 0.00 0 0.00
0 0.00 0 0.00 0 0.00 0 0.00 0 0.00
OCLS 34 - TRAILER UTILITY ROOM SPECIFICATIONS
GRADE A B C D E FOUNDATION Solid Solid Solid or Pier Pier Pier
FLOORS Concrete Concrete Conc. Or Wood Conc. Or Wood Wood
ROOF Asphalt Asphalt Asphalt/Metal Asphalt/Metal Metal
WALLS Brick Good Average Fair Poor
Quality Siding Quality Siding Quality Siding Quality Siding
INTER FINISH Drywall/Panel Some Minimum None None
OTHER Electricity Electricity Electricity Electricity None
Grade Factors
(1) Quality of Construction
(2) Quality of Materials and Workmanship
(3) Size
Life Expectancy (EST) 15 years
545
243
OTHER FEATURE CLASS: 35-OUTBUILDING/1ST.BR.
GRADE- A GRADE- B GRADE- C GRADE- D GRADE- E
AREA RATE AREA RATE AREA RATE AREA RATE AREA RATE
50 49.80 50 40.50 50 33.20 50 27.22 50 16.60
100 47.32 100 38.49 100 31.55 100 25.87 100 15.77
150 44.93 150 36.54 150 29.95 150 24.56 150 14.98
200 42.69 200 34.72 200 28.46 200 23.33 200 14.23
250 40.57 250 33.00 250 27.05 250 22.18 250 13.52
300 38.53 300 31.34 300 25.69 300 21.06 300 12.84
350 36.61 350 29.78 350 24.41 350 20.02 350 12.20
400 34.78 400 28.29 400 23.19 400 19.01 400 11.59
OCLS 35 - TRAILER ADDITION 1 STORY BRICK SPECIFICATIONS
GRADE A B C D E
FOUNDATION Solid Solid Solid or Pier Pier Pier FLOORS Wood or Wood or Wood, Carpet Wood, Carpet Wood, Carpet
Carpet Carpet or Vinyl or Vinyl or Vinyl
ROOF Asphalt Asphalt Asphalt/Metal Asphalt/Metal Metal
WALLS Brick Brick Brick Brick Brick
INTER FINISH Drywall Drywall Drywall/Panel Drywall/Panel Panel
OTHER Electricity, Electricity, Electricity, Electricity. Electricity
Water & Water & & Insulation & Insulation
Insulation Insulation
Grade Factors
(1) Quality of Construction
(2) Overall Appearance
(3) Special Features
Life Expectancy (EST) 40 years
OTHER FEATURE CLASS: 36-OUTBUILDING/1ST FR
GRADE- A GRADE- B GRADE- C GRADE- D GRADE- E
AREA RATE AREA RATE AREA RATE AREA RATE AREA RATE
50 45.28 50 36.82 50 30.18 50 24.75 50 15.09
100 43.02 100 34.99 100 28.68 100 23.52 100 14.34
150 40.85 150 33.23 150 27.24 150 22.33 150 13.62
200 38.81 200 31.56 200 25.87 200 21.22 200 12.94
250 36.88 250 29.99 250 24.59 250 20.16 250 12.29
300 35.03 300 28.49 300 23.35 300 19.15 300 11.68
350 33.28 350 27.07 350 22.19 350 18.19 350 11.09
400 31.61 400 25.71 400 21.08 400 17.28 400 10.54
OCLS 36 - TRAILER ADDITION 1 STORY FRAME SPECIFICATIONS
GRADE A B C D E
FOUNDATION Solid Solid Solid or Pier Pier Pier
FLOORS Wood or Wood or Wood, Carpet Wood, Carpet Wood, Carpet
Carpet Carpet or Vinyl or Vinyl or Vinyl
ROOF Asphalt Asphalt Asphalt/Metal Asphalt/Metal Metal
WALLS Excellent Good Average Fair Poor
Quality Siding Quality Siding Quality Siding Quality Siding Quality Siding
INTER FINISH Drywall Drywall Drywall/Panel Drywall/Panel Panel
OTHER Electricity, Electricity, Electricity, Electricity. Electricity
Water & Water & & Insulation & Insulation
Insulation Insulation
Grade Factors
(1) Quality of Construction
(2) Overall Appearance
(3) Special Features
Life Expectancy (EST) 35 years
546
244
OTHER FEATURE CLASS: 37-LEAN TO
GRADE- A GRADE- B GRADE- C GRADE- D GRADE- E
AREA RATE AREA RATE AREA RATE AREA RATE AREA RATE
100 4.22 100 3.05 100 2.48 100 2.00 100 1.25
120 4.09 120 2.96 120 2.44 120 1.94 120 1.21
140 3.97 140 2.87 140 2.42 140 1.88 140 1.18
160 3.85 160 2.78 160 2.40 160 1.83 160 1.14
180 3.74 180 2.70 180 2.38 180 1.77 180 1.11
200 3.62 200 2.62 200 2.34 200 1.72 200 1.07
220 3.52 220 2.54 220 2.32 220 1.67 220 1.04
240 3.41 240 2.46 240 2.31 240 1.62 240 1.01
OCLS 37 - LEAN-TO SPECIFICATIONS
GRADE A B C D E
FLOORS Concrete Concrete Earth Earth Earth ROOF Asphalt Asphalt Metal Metal Metal
or Metal or Metal
OTHER Electricity Electricity
Grade Factors
(1) Quality of Construction
(2) Overall Appearance
(3) Special Features
Life Expectancy (EST) 30 years
NOTE: Lean-to’s are generally graded the same as the building they are attached to.
OTHER FEATURE CLASS: 38-IMPLEMENT SHED
GRADE- A GRADE- B GRADE- C GRADE- D GRADE- E
AREA RATE AREA RATE AREA RATE AREA RATE AREA RATE
100 8.25 100 6.71 100 5.50 100 4.51 100 2.75
200 7.99 200 6.50 200 5.32 200 4.37 200 2.66
400 7.71 400 6.27 400 5.14 400 4.21 400 2.57
600 7.43 600 6.04 600 4.95 600 4.06 600 2.48
1000 7.34 1000 5.97 1000 4.90 1000 4.01 1000 2.45
1500 7.26 1500 5.90 1500 4.84 1500 3.97 1500 2.42
2000 7.01 2000 5.70 2000 4.68 2000 3.83 2000 2.34
2500 6.77 2500 5.50 2500 4.51 2500 3.70 2500 2.26
OCLS 38- IMPLEMENT SHED SPECIFICATIONS
GRADE A B C D E
FOUNDATION Solid Solid Solid Solid Solid
FLOORS Earth Earth Earth Earth Earth
ROOF Asphalt /Metal Asphalt/Metal Asphalt/Metal Metal Metal
WALLS Good Average Metal Metal Metal
Quality Siding Quality Siding
OTHER Electricity Electricity
Grade Factors
(1) Quality of Construction
(2) Overall Appearance (3) Special Features
(4) Number of Side Walls
Life Expectancy (EST) 20 years
547
245
OTHER FEATURE CLASS: 39-QUONSET BLDG
GRADE- A GRADE- B GRADE- C GRADE- D GRADE- E
AREA RATE AREA RATE AREA RATE AREA RATE AREA RATE
200 16.81 200 13.67 200 11.21 200 9.19 200 5.60
600 16.48 600 13.41 600 10.99 600 9.01 600 5.49
1000 16.17 1000 13.15 1000 10.78 1000 8.84 1000 5.39
3000 15.84 3000 12.88 3000 10.56 3000 8.66 3000 5.28
5000 15.18 5000 12.35 5000 10.12 5000 8.30 5000 5.06
7000 14.44 7000 11.74 7000 9.63 7000 7.89 7000 4.81
9000 12.99 9000 10.56 9000 8.66 9000 7.10 9000 4.33
10000 11.70 10000 9.51 10000 7.80 10000 6.40 10000 3.90
OCLS 39 – QUONSET BUILDING SPECIFICATIONS
GRADE A B C D E
FOUNDATION Solid Solid Solid Solid Solid
FLOOR 4” – 6” Concrete 4” – 6” Concrete 4” Concrete 4” Concrete 3” – 4” Concrete
ROOF Good laminated
arch
Laminated arch Arched frame Arched frame Light arch rib
Grade Factors
(1) Quality of Construction
(2) Shape and Appearance
(3) Size
(4) Special Features
Life Expectancy (EST) 40 years
OTHER FEATURE CLASS: 40-CHICKEN HOUSE
GRADE- A GRADE- B GRADE- C GRADE- D GRADE- E
AREA RATE AREA RATE AREA RATE AREA RATE AREA RATE
1000 5.60 1000 5.20 1000 4.80 1000 3.60 1000 2.80
2000 4.50 2000 4.20 2000 3.85 2000 2.90 2000 2.25
6000 3.60 6000 3.36 6000 3.08 6000 2.32 6000 1.80
12000 2.88 12000 2.64 12000 2.44 12000 1.84 12000 1.44
0 0.00 0 0.00 0 0.00 0 0.00 0 0.00
0 0.00 0 0.00 0 0.00 0 0.00 0 0.00
0 0.00 0 0.00 0 0.00 0 0.00 0 0.00
0 0.00 0 0.00 0 0.00 0 0.00 0 0.00
OCLS 40 - CHICKEN HOUSE SPECIFICATIONS
GRADE A B C D E
FOUNDATION Post in Post in Post Post Post
Concrete Concrete
FLOORS Earth Earth Earth Earth Earth ROOF Metal Metal Metal Metal Metal
WALLS Wood & Wire Wood & Wire Wood & Wire Wood & Wire Wood & Wire
INTERIOR Some Some Some Blown None
FINISH Insulation Insulation Insulation Insulation
OTHER SEE BELOW
In appraising Poultry Houses the equipment is considered as part of the Personal Property. Automatic
waterers, wiring, fans, curtain sidewalls, brooders, and bulk tanks are considered as standard equipment.
Grade Factors
(1) Quality of Construction
(2) Quality of Equipment
(3) Amount and Quality of Insulation
(4) Extra features - Automatic curtains, cool cells, etc.
Life Expectancy (EST) 20 years
548
246
OTHER FEATURE CLASS: 41-MODERN POULTRY HOUSE
GRADE- A GRADE- B GRADE- C GRADE- D GRADE- E
AREA RATE AREA RATE AREA RATE AREA RATE AREA RATE
1000 6.12 1000 4.98 1000 4.08 1000 3.35 1000 2.04
1600 5.94 1600 4.83 1600 3.96 1600 3.25 1600 1.98
2000 5.82 2000 4.73 2000 3.88 2000 3.18 2000 1.94
3500 5.66 3500 4.60 3500 3.77 3500 3.09 3500 1.89
7000 5.37 7000 4.37 7000 3.58 7000 2.94 7000 1.79
11000 5.16 11000 4.20 11000 3.44 11000 2.82 11000 1.72
14000 5.01 14000 4.07 14000 3.34 14000 2.74 14000 1.67
17000 4.82 17000 3.92 17000 3.21 17000 2.63 17000 1.61
OCLS 41 - MODERN POULTRY HOUSE SPECIFICATIONS
GRADE A B C D E
FOUNDATION Post in Post in Post Post Post
Concrete Concrete
FLOORS Earth Earth Earth Earth Earth
ROOF Metal Metal Metal Metal Metal
WALLS Wood & Wire Wood & Wire Wood & Wire Wood & Wire Wood & Wire
INTERIOR Some Some Some Blown None
FINISH Insulation Insulation Insulation Insulation
OTHER SEE BELOW
In appraising Poultry Houses the equipment is considered as part of the Personal Property. Automatic
waterers, wiring, fans, curtain sidewalls, brooders, and bulk tanks are considered as standard equipment.
Grade Factors
(1) Quality of Construction
(2) Quality of Equipment (3) Amount and Quality of Insulation
(4) Extra features - Automatic curtains, cool cells, etc.
Life Expectancy (EST) 20 years
OTHER FEATURE CLASS: 42-HOG BARN
GRADE- A GRADE- B GRADE- C GRADE- D GRADE- E
AREA RATE AREA RATE AREA RATE AREA RATE AREA RATE
200 16.00 200 15.00 200 14.00 200 10.00 200 6.00
600 12.80 600 12.00 600 11.20 600 8.00 600 4.80
1000 10.20 1000 9.60 1000 9.00 1000 6.40 1000 3.80
1400 8.20 1400 7.70 1400 7.20 1400 5.10 1400 3.00
0 0.00 0 0.00 0 0.00 0 0.00 0 0.00
0 0.00 0 0.00 0 0.00 0 0.00 0 0.00
0 0.00 0 0.00 0 0.00 0 0.00 0 0.00
0 0.00 0 0.00 0 0.00 0 0.00 0 0.00
OCLS 42 - HOG BARN SPECIFICATIONS
GRADE A B C D E
FOUNDATION Slab Slab Slab Post Post
FLOORS Concrete Concrete Concrete Earth Earth
ROOF Metal Metal Metal Metal Metal
WALLS Wood or Block Wood Wood Wood or Wire Wire
INTER FINISH Minimal Minimal Minimal None None
OTHER Water & Water & Water & Water & None
Electricity Electricity Electricity Electricity
Grade Factors
(1) Quality of Construction and Materials
(2) Overall Appearance
(3) Size
549
247
Life Expectancy (EST) 15 years
OTHER FEATURE CLASS: 43-OTHER ANIMAL HOUSE
GRADE- A GRADE- B GRADE- C GRADE- D GRADE- E
AREA RATE AREA RATE AREA RATE AREA RATE AREA RATE
500 15.23 500 12.38 500 10.15 500 8.32 500 5.08
1250 13.80 1250 11.22 1250 9.20 1250 7.54 1250 4.60
2050 12.75 2050 10.37 2050 8.50 2050 6.97 2050 4.25
5050 12.00 5050 9.76 5050 8.00 5050 6.56 5050 4.00
9050 11.06 9050 8.99 9050 7.37 9050 6.04 9050 3.69
12050 10.41 12050 8.47 12050 6.94 12050 5.69 12050 3.47
14050 10.01 14050 8.14 14050 6.67 14050 5.47 14050 3.34
16050 9.60 16050 7.81 16050 6.40 16050 5.25 16050 3.20
OCLS 43 - OTHER ANIMAL HOUSE SPECIFICATIONS
GRADE A B C D E
FOUNDATION Slab Slab Slab Post Post
FLOORS Concrete Concrete Concrete Earth Earth
ROOF Metal Metal Metal Metal Metal
WALLS Wood or Block Wood Wood Wood or Wire Wire
INTER FINISH Minimal Minimal Minimal None None
OTHER Water & Water & Water & Water & None
Electricity Electricity Electricity Electricity
Grade Factors
(1) Quality of Construction and Materials
(2) Overall Appearance
(3) Size
Life Expectancy (EST) 15 years OTHER FEATURE CLASS: 44-GRAIN ELEVATOR
GRADE- A GRADE- B GRADE- C GRADE- D GRADE- E
AREA RATE AREA RATE AREA RATE AREA RATE AREA RATE
40 135.00 40 110.00 40 90.00 40 74.00 40 45.00
60 135.00 60 110.00 60 90.00 60 74.00 60 45.00
80 135.00 80 110.00 80 90.00 80 74.00 80 45.00
100 135.00 100 110.00 100 90.00 100 74.00 100 45.00
120 135.00 120 110.00 120 90.00 120 74.00 120 45.00
140 135.00 140 110.00 140 90.00 140 74.00 140 45.00
160 135.00 160 110.00 160 90.00 160 74.00 160 45.00
180 135.00 180 110.00 180 90.00 180 74.00 180 45.00
OCLS 44 - GRAIN ELEVATOR SPECIFICATIONS
GRADE A B C D E
CAPACITY 8,000 to 5,000 to 3,500 to 1,500 to 500 to
BU PER 10,000 7,500 5,000 3,000 1,000
HOUR Bushels Bushels Bushels Bushels Bushels
Grade Factors
(1) Capacity in bushels moved per hour
(2) Discharge height
Life Expectancy (EST) 20 years
NOTE: Grain Elevators are priced by the linear foot. A grain elevator 40’ high is entered 40 x 1.
550
248
OTHER FEATURE CLASS: 45-MILKHOUSE
GRADE- A GRADE- B GRADE- C GRADE- D GRADE- E
AREA RATE AREA RATE AREA RATE AREA RATE AREA RATE
50 22.20 50 18.06 50 14.80 50 12.14 50 7.40
100 21.53 100 17.52 100 14.36 100 11.78 100 7.18
200 20.89 200 16.99 200 13.93 200 11.42 200 6.96
300 20.26 300 16.48 300 13.51 300 11.08 300 6.75
500 19.65 500 15.99 500 13.10 500 10.75 500 6.55
750 19.06 750 15.51 750 12.71 750 10.43 750 6.35
1000 18.49 1000 15.04 1000 12.33 1000 10.11 1000 6.16
2000 17.94 2000 14.59 2000 11.96 2000 9.81 2000 5.98
OCLS 45 - MILK HOUSE SPECIFICATIONS
GRADE A B C D E
FOUNDATION Solid Solid Solid Solid Pier
FLOORS Concrete Concrete Concrete Wood Wood
or Wood or Wood
ROOF Metal or Metal or Metal or Metal Metal
Asphalt Asphalt Asphalt Asphalt Roll Roof
WALLS Block or Good Good Board or Board or Metal
Quality Siding Quality Siding Comparable Equal Comp. Roll
INTERIOR Insulation Insulation Minimal None None FINISH and Walls and Walls
OTHER Plumbing & Plumbing &, Plumbing & Plumbing & Plumbing &
Electricity Electricity Electricity Electricity Electricity
Grade Factors
(1) Quality of Construction and Materials
(2) Overall Appearance
(3) Size
Life Expectancy (EST) 20 years
OTHER FEATURE CLASS: 46-MILK PARLOR
GRADE- A GRADE- B GRADE- C GRADE- D GRADE- E
AREA RATE AREA RATE AREA RATE AREA RATE AREA RATE
50 33.75 50 27.45 50 22.50 50 18.45 50 11.25
500 31.50 500 25.62 500 21.00 500 17.22 500 10.50
1000 30.00 1000 24.40 1000 20.00 1000 16.40 1000 10.00
2000 27.75 2000 22.57 2000 18.50 2000 15.17 2000 9.25
0 0.00 0 0.00 0 0.00 0 0.00 0 0.00
0 0.00 0 0.00 0 0.00 0 0.00 0 0.00
0 0.00 0 0.00 0 0.00 0 0.00 0 0.00
0 0.00 0 0.00 0 0.00 0 0.00 0 0.00
OCLS 46 - MILK PARLOR SPECIFICATIONS
GRADE A B C D E
FOUNDATION Solid Solid Solid Solid Pier FLOORS Concrete Concrete Concrete Wood Wood
or Wood or Wood
ROOF Metal or Metal or Metal or Metal Metal
Asphalt Asphalt Asphalt Asphalt Roll Roof
WALLS Block or Good Good Board or Board or Metal
Quality Siding Quality Siding Comparable Equal Comp. Roll
INTERIOR Insulation Insulation Minimal None None
FINISH and Walls and Walls
OTHER Plumbing & Plumbing &, Plumbing & Plumbing & Plumbing &
Electricity Electricity Electricity Electricity Electricity
Grade Factors
(1) Quality of Construction and Materials
(2) Overall Appearance
(3) Size
Life Expectancy (EST) 20 years
551
249
OTHER FEATURE CLASS: 47-MILK PROCESSING BLDG.
GRADE- A GRADE- B GRADE- C GRADE- D GRADE- E
AREA RATE AREA RATE AREA RATE AREA RATE AREA RATE
50 26.25 50 21.35 500 17.50 50 14.35 50 8.75
500 23.25 500 18.91 500 15.50 500 12.71 500 7.75
1000 22.50 1000 18.30 1000 15.00 1000 12.30 1000 7.50
2000 21.75 2000 17.69 2000 14.50 2000 11.89 2000 7.25
0 0.00 0 0.00 0 0.00 0 0.00 0 0.00
0 0.00 0 0.00 0 0.00 0 0.00 0 0.00
0 0.00 0 0.00 0 0.00 0 0.00 0 0.00
0 0.00 0 0.00 0 0.00 0 0.00 0 0.00
OCLS 47 - MILK PROCESSING BUILDING SPECIFICATIONS
GRADE A B C D E
FOUNDATION Solid Solid Solid Solid Pier
FLOORS Concrete Concrete Concrete Wood Wood
or Wood or Wood
ROOF Metal or Metal or Metal or Metal Metal
Asphalt Asphalt Asphalt Asphalt Roll Roof
WALLS Block or Good Good Board or Board or Metal
Quality Siding Quality Siding Comparable Equal Comp. Roll
INTERIOR Insulation Insulation Minimal None None
FINISH and Walls and Walls
OTHER Plumbing & Plumbing &, Plumbing & Plumbing & Plumbing &
Electricity Electricity Electricity Electricity Electricity
Grade Factors
(1) Quality of Construction and Materials
(2) Overall Appearance
(3) Size Life Expectancy (EST) 20 years
OTHER FEATURE CLASS: 48-TRUCK SCALES PER TON
GRADE- A GRADE- B GRADE- C GRADE- D GRADE- E
AREA RATE AREA RATE AREA RATE AREA RATE AREA RATE
20 1913. 20 1530. 20 1275. 20 1020. 20 829.
30 1481. 30 1184. 30 987. 30 790. 30 642.
40 1277. 40 1021. 40 851. 40 681. 40 553.
50 1154. 50 923. 50 769. 50 615. 50 500.
60 1085. 60 868. 60 723. 60 578. 60 470.
70 1077. 70 862. 70 718. 70 574. 70 467.
80 1046. 80 836. 80 697. 80 558. 80 453.
90 1014. 90 811. 90 676. 90 541. 90 439.
OCLS 48 - TRUCK SCALE SPECIFICATIONS PER TON
GRADE A B C D E
Appraiser’s Discretion for all grades with features being the influencing factor, i.e. lcd read out, automatic etc.
Life Expectancy (EST) 30 years
552
250
OTHER FEATURE CLASS: 49-BULKHEAD
GRADE- A GRADE- B GRADE- C GRADE- D GRADE- E
AREA RATE AREA RATE AREA RATE AREA RATE AREA RATE
10 66.00 10 53.68 10 44.00 10 36.08 10 22.00
0 0.00 0 0.00 0 0.00 0 0.00 0 0.00
0 0.00 0 0.00 0 0.00 0 0.00 0 0.00
0 0.00 0 0.00 0 0.00 0 0.00 0 0.00
0 0.00 0 0.00 0 0.00 0 0.00 0 0.00
0 0.00 0 0.00 0 0.00 0 0.00 0 0.00
0 0.00 0 0.00 0 0.00 0 0.00 0 0.00
0 0.00 0 0.00 0 0.00 0 0.00 0 0.00
OCLS 49 - BULKHEAD SPECIFICATIONS
GRADE A B C D E
Apprsaisers
Discretion
OTHER FEATURE CLASS: 50-BOAT SHED
GRADE- A GRADE- B GRADE- C GRADE- D GRADE- E
AREA RATE AREA RATE AREA RATE AREA RATE AREA RATE
200 19.88 200 16.17 200 13.25 200 10.87 200 6.63
400 19.35 400 15.74 400 12.90 400 10.58 400 6.45
600 17.40 600 14.15 600 11.60 600 9.51 600 5.80
800 14.85 800 12.08 800 9.90 800 8.12 800 4.95
1000 13.35 1000 10.86 1000 8.90 1000 7.30 1000 4.45
1200 12.00 1200 9.76 1200 8.00 1200 6.56 1200 4.00
1400 10.80 1400 8.78 1400 7.20 1400 5.90 1400 3.60
1600 9.75 1600 7.93 1600 6.50 1600 5.33 1600 3.25
OCLS 50- BOAT SHED SPECIFICATIONS
GRADE A B C D E
FOUNDATION Solid Solid Solid Solid Solid
FLOORS Earth Earth Earth Earth Earth ROOF Asphalt /Metal Asphalt/Metal Asphalt/Metal Metal Metal
WALLS Good Average Metal Metal Metal
Quality Siding Quality Siding
OTHER Electricity Electricity
Grade Factors
(1) Quality of Construction
(2) Overall Appearance
(3) Special Features
(4) Number of Side Walls
Life Expectancy (EST) 20 years
553
251
OTHER FEATURE CLASS: 51-CRIB
GRADE- A GRADE- B GRADE- C GRADE- D GRADE- E
AREA RATE AREA RATE AREA RATE AREA RATE AREA RATE
100 12.33 100 10.03 100 8.22 100 6.74 100 4.11
260 9.71 260 7.89 260 6.47 260 5.31 260 3.24
300 9.33 300 7.59 300 6.22 300 5.10 300 3.11
460 8.61 460 7.00 460 5.74 460 4.71 460 2.87
500 8.45 500 6.87 500 5.63 500 4.62 500 2.82
660 8.10 660 6.59 660 5.40 660 4.43 660 2.70
700 8.00 700 6.50 700 5.33 700 4.37 700 2.67
860 7.65 860 6.22 860 5.10 860 4.18 860 2.55
OCLS 51 - CRIB SPECIFICATIONS
GRADE A B C D E
FOUNDATION Masonry Masonry Piers, Wood Piers, Wood Pier
or Masonry or Masonry
FLOORS Concrete or Concrete or Concrete or Wood Wood
Wood Wood Wood
ROOF Asphalt Asphalt Asphalt or Asphalt or Metal
Metal Metal Roll Roof
WALLS Brick Block Concrete Block Drop Low or Equal or Siding Siding Cost
Life Expectancy (EST) 25 years
OTHER FEATURE CLASS: 52-CORNCRIB
GRADE- A GRADE- B GRADE- C GRADE- D GRADE- E
AREA RATE AREA RATE AREA RATE AREA RATE AREA RATE
100 12.21 100 9.93 100 8.14 100 6.67 100 4.07
300 10.25 300 8.33 300 6.83 300 5.60 300 3.42
500 9.27 500 7.54 500 6.18 500 5.07 500 3.09
700 8.79 700 7.15 700 5.86 700 4.81 700 2.93
900 8.30 900 6.75 900 5.53 900 4.53 900 2.77
0 0.00 0 0.00 0 0.00 0 0.00 0 0.00
0 0.00 0 0.00 0 0.00 0 0.00 0 0.00
0 0.00 0 0.00 0 0.00 0 0.00 0 0.00
OCLS 52 - CORNCRIB SPECIFICATIONS
GRADE A B C D E
FOUNDATION Masonry Masonry Piers, Wood Piers, Wood Pier
or Masonry or Masonry
FLOORS Concrete or Concrete or Concrete or Wood Wood
Wood Wood Wood
ROOF Asphalt Asphalt Asphalt or Asphalt or Metal Metal Metal Roll Roof
WALLS Brick Block Concrete Block Drop Low
or Equal or Siding Siding Cost
Life Expectancy (EST) 25 years
554
252
OTHER FEATURE CLASS: 53-LOW COST CARPORT
GRADE- A GRADE- B GRADE- C GRADE- D GRADE- E
AREA RATE AREA RATE AREA RATE AREA RATE AREA RATE
50 8.55 50 6.95 50 5.70 50 4.67 50 2.85
90 8.22 90 6.69 90 5.48 90 4.49 90 2.74
150 7.74 150 6.30 150 5.16 150 4.23 150 2.58
210 7.31 210 5.94 210 4.87 210 3.99 210 2.44
270 6.89 270 5.60 270 4.59 270 3.76 270 2.30
330 6.35 330 5.16 330 4.23 330 3.47 330 2.12
390 5.79 390 4.71 390 3.86 390 3.17 390 1.93
450 5.28 450 4.29 450 3.52 450 2.89 450 1.76
OCLS 53 - LOW COST CARPORT SPECIFICATIONS
GRADE A B C D E
FLOORS Concrete Concrete Concrete/Earth Earth Earth
ROOF Asphalt Asphalt Asphalt/Metal Asphalt/Metal Metal
FRAMING Steel Good Quality Average Quality Fair Quality Poor Quality
Grade Factors
(1) Quality of Construction
(2) Overall Appearance
(3) Size (4) Roof Style
Life Expectancy (EST) 10 years
OTHER FEATURE CLASS: 54-BOAT LIFT
GRADE- A GRADE- B GRADE- C GRADE- D GRADE- E
AREA RATE AREA RATE AREA RATE AREA RATE AREA RATE
10 2400. 10 1952. 10 1600. 10 1312. 10 800.
0 0.00 0 0.00 0 0.00 0 0.00 0 0.00
0 0.00 0 0.00 0 0.00 0 0.00 0 0.00
0 0.00 0 0.00 0 0.00 0 0.00 0 0.00
0 0.00 0 0.00 0 0.00 0 0.00 0 0.00
0 0.00 0 0.00 0 0.00 0 0.00 0 0.00
0 0.00 0 0.00 0 0.00 0 0.00 0 0.00
0 0.00 0 0.00 0 0.00 0 0.00 0 0.00
OCLS 54 - BOAT LIFT SPECIFICATIONS
GRADE A B C D E
TYPE Electric lift
Large boat up to
8000 lbs.
Electric lift
Boat up to 6000
lbs.
Electric lift
Medium boat up
to 4000 lbs
Floating PWC lift
Electric lift
Small boat up to
3000 lbs or
electric PWC lift
Manual PWC lift
555
253
OTHER FEATURE CLASS: 56-GRAIN BIN PER BUSHEL
GRADE- A GRADE- B GRADE- C GRADE- D GRADE- E
AREA RATE AREA RATE AREA RATE AREA RATE AREA RATE
3000 2.39 3000 1.95 3000 1.60 3000 1.31 3000 0.80
5000 1.82 5000 1.48 5000 1.21 5000 0.99 5000 0.61
10000 1.68 10000 1.37 10000 1.12 10000 0.92 10000 0.56
20000 1.55 20000 1.26 20000 1.03 20000 0.85 20000 0.52
40000 1.40 40000 1.14 40000 0.94 40000 0.77 40000 0.47
60000 1.30 60000 1.06 60000 0.87 60000 0.71 60000 0.43
80000 1.24 80000 1.01 80000 0.83 80000 0.68 80000 0.41
100000 1.12100000 0.91100000 0.75100000 0.61100000 0.37
OCLS 56 - GRAIN BIN SPECIFICATIONS
GRADE A B C D E
CRITERIA Heat & Air Heat & Air No Heat & Air Poor Quality Very Poor
System System System Quality
Life Expectancy (EST) 20 years
NOTE: For split systems, 2 bins having one heat and air system for both, price one as either “A” or
“B” and the other as “C”. Grain bins are priced by the bushel. A 3,000 bushel grain bin is
entered 3000x1.
OTHER FEATURE CLASS: 59-TICKET OFFICE
GRADE- A GRADE- B GRADE- C GRADE- D GRADE- E
AREA RATE AREA RATE AREA RATE AREA RATE AREA RATE
100 28.71 100 23.35 100 19.14 100 15.69 100 9.57
150 28.13 150 22.88 150 18.76 150 15.38 150 9.38
200 26.99 200 21.96 200 18.00 200 14.76 200 9.00
300 25.66 300 20.87 300 17.11 300 14.03 300 8.55
400 24.09 400 19.59 400 16.06 400 13.17 400 8.03
500 22.89 500 18.61 500 15.26 500 12.51 500 7.63
600 21.75 600 17.69 600 14.50 600 11.89 600 7.25
700 20.63 700 16.78 700 13.75 700 11.28 700 6.88
OCLS 59 - TICKET OFFICE SPECIFICATIONS
GRADE A B C D E
FOUNDATION Solid Solid Solid Solid Solid
FLOORS Concrete Concrete Concrete Concrete Concrete
Covered Con Covered Con Covered Con
ROOF Asphalt Asphalt Asphalt Asphalt/Metal Metal
WALLS Brick Good Average Fair Quality Poor Quality
Quality Siding Quality Siding Siding Siding
INT FINISH Finished Finished Finish Minimal None
OTHER Wiring, Plbg & Wiring & Wiring & Wiring Wiring
Insulation Insulation Insulation
Grade Factors
(1) Quality of Construction
(2) Quality of Materials and workmanship
(2) Size
Life Expectancy (EST) 40 years
556
254
OTHER FEATURE CLASS: 60-BOAT HOUSE OPEN FRAME PORCH
GRADE- A GRADE- B GRADE- C GRADE- D GRADE- E
AREA RATE AREA RATE AREA RATE AREA RATE AREA RATE
200 48.11 200 39.13 200 32.08 200 26.30 200 16.04
300 47.54 300 38.66 300 31.69 300 25.99 300 15.85
400 46.61 400 37.91 400 31.08 400 25.48 400 15.54
600 45.01 600 36.61 600 30.01 600 24.61 600 15.00
800 43.16 800 35.11 800 28.78 800 23.60 800 14.39
1000 40.95 1000 33.31 1000 27.30 1000 22.39 1000 13.65
1500 38.49 1500 31.31 1500 25.66 1500 21.04 1500 12.83
2000 35.85 2000 29.16 2000 23.90 2000 19.60 2000 11.95
OCLS 60 - BOAT HOUSE OPEN FRAME PORCH SPECIFICATIONS
GRADE A B C D E
FOUNDATION Pilings Pilings Pilings Pilings Pilings
ROOF Treated Wood Treated Wood Treated Wood, Wood, Asphalt Wood, Asphalt
or Asphalt or Asphalt Asphalt, Metal or Metal or Metal
ROOF STYLE Gable, Flat Gable, Flat with Gable, Flat with Gable, Flat with Gable, Flat
with Sun Deck Sun Deck Sun Deck Sun Deck
CONST/QUAL Excellent Good Average Low Cost Poor
Grade Factors
(1) Quality of Construction
(2) Special Features
Life Expectancy (EST) 15 years
OTHER FEATURE CLASS: 61-SILO
GRADE- A GRADE- B GRADE- C GRADE- D GRADE- E
AREA RATE AREA RATE AREA RATE AREA RATE AREA RATE
660 20.66 660 17.72 660 16.04 660 11.81 660 7.38
720 19.65 720 16.86 720 15.26 720 11.23 720 7.02
780 18.69 780 16.03 780 14.51 780 10.69 780 6.68
850 17.78 850 15.25 850 13.81 850 10.16 850 6.35
960 16.91 960 14.51 960 13.13 960 9.67 960 6.04
1020 16.09 1020 13.80 1020 12.49 1020 9.20 1020 5.75
1100 15.30 1100 13.13 1100 11.88 1100 8.75 1100 5.47
1200 14.56 1200 12.49 1200 11.30 1200 8.32 1200 5.20
OCLS 61 - SILO SPECIFICATIONS
GRADE A B C D E
Grade Factors
(1) Quality of Construction
(2) Special Features ( roof, chute, etc.)
Life Expectancy (EST) 40 years
557
255
OTHER FEATURE CLASS: 62-BOAT HOUSE STORAGE
GRADE- A GRADE- B GRADE- C GRADE- D GRADE- E
AREA RATE AREA RATE AREA RATE AREA RATE AREA RATE
200 55.61 200 45.23 200 37.08 200 30.40 200 18.54
300 55.04 300 44.76 300 36.69 300 30.09 300 18.35
400 54.11 400 44.01 400 36.08 400 29.58 400 18.04
600 52.51 600 42.71 600 35.01 600 28.71 600 17.50
800 50.66 800 41.21 800 33.78 800 27.70 800 16.89
1000 48.45 1000 39.41 1000 32.30 1000 26.49 1000 16.15
1500 45.99 1500 37.41 1500 30.66 1500 25.14 1500 15.33
2000 43.35 2000 35.26 2000 28.90 2000 23.70 2000 14.45
OCLS 62 - BOAT HOUSE STORAGE BUILDING SPECIFICATIONS
GRADE A B C D E
FOUNDATION Pilings Pilings Pilings Pilings Pilings
ROOF Treated Wood Treated Wood Treated Wood, Wood, Asphalt Wood, Asphalt
or Asphalt or Asphalt Asphalt, Metal or Metal or Metal
ROOF STYLE Gable, Flat Gable, Flat with Gable, Flat with Gable, Flat with Gable, Flat
with Sun Deck Sun Deck Sun Deck Sun Deck
SIDING Good quality lap
or vinyl
Good quality vinyl Vinyl Sheathing or low
quality vinyl
Sheathing
CONST/QUAL Excellent Good Average Low Cost Poor
Grade Factors
(1) Quality of Construction
(2) Special Features
Life Expectancy (EST) 15 years
OTHER FEATURE CLASS: 63-BOAT HOUSE SCREEN PORCH
GRADE- A GRADE- B GRADE- C GRADE- D GRADE- E
AREA RATE AREA RATE AREA RATE AREA RATE AREA RATE
200 51.11 200 41.57 200 34.08 200 27.94 200 17.04
300 50.54 300 41.10 300 33.69 300 27.63 300 16.85
400 49.61 400 40.35 400 33.08 400 27.12 400 16.54
600 48.01 600 39.05 600 32.01 600 26.25 600 16.00
800 46.16 800 37.55 800 30.78 800 25.24 800 15.39
1000 43.95 1000 35.75 1000 29.30 1000 24.03 1000 14.65
1500 41.49 1500 33.75 1500 27.66 1500 22.68 1500 13.83
2000 38.85 2000 31.60 2000 25.90 2000 21.24 2000 12.95
OCLS 63 - BOAT HOUSE SCREEN PORCH SPECIFICATIONS
GRADE A B C D E
FOUNDATION Pilings Pilings Pilings Pilings Pilings
ROOF Treated Wood Treated Wood Treated Wood, Wood, Asphalt Wood, Asphalt
or Asphalt or Asphalt Asphalt, Metal or Metal or Metal
ROOF STYLE Gable, Flat Gable, Flat with Gable, Flat with Gable, Flat with Gable, Flat
with Sun Deck Sun Deck Sun Deck Sun Deck
CONST/QUAL Excellent Good Average Low Cost Poor
Grade Factors
(1) Quality of Construction
(2) Special Features
Life Expectancy (EST) 15 years
558
256
OTHER FEATURE CLASS: 64-BOAT HOUSE ENCLOSED FRAME PORCH
GRADE- A GRADE- B GRADE- C GRADE- D GRADE- E
AREA RATE AREA RATE AREA RATE AREA RATE AREA RATE
200 64.61 200 52.55 200 43.08 200 35.32 200 21.54
300 64.04 300 52.08 300 42.69 300 35.01 300 21.35
400 63.11 400 51.33 400 42.08 400 34.50 400 21.04
600 61.51 600 50.03 600 41.01 600 33.63 600 20.50
800 59.66 800 48.53 800 39.78 800 32.62 800 19.89
1000 57.45 1000 46.73 1000 38.30 1000 31.41 1000 19.15
1500 54.99 1500 44.73 1500 36.66 1500 30.06 1500 18.33
2000 52.35 2000 42.58 2000 34.90 2000 28.62 2000 17.45
OCLS 64 - BOAT HOUSE ENCLOSED FRAME PORCH SPECIFICATIONS
GRADE A B C D E
FOUNDATION Pilings Pilings Pilings Pilings Pilings
ROOF Treated Wood Treated Wood Treated Wood, Wood, Asphalt Wood, Asphalt
or Asphalt or Asphalt Asphalt, Metal or Metal or Metal
ROOF STYLE Gable, Flat Gable, Flat with Gable, Flat with Gable, Flat with Gable, Flat
with Sun Deck Sun Deck Sun Deck Sun Deck
CONST/QUAL Excellent Good Average Low Cost Poor
Grade Factors (1) Quality of Construction
(2) Special Features
Life Expectancy (EST) 15 years
OTHER FEATURE CLASS: 65-SMOKEHOUSE
GRADE- A GRADE- B GRADE- C GRADE- D GRADE- E
AREA RATE AREA RATE AREA RATE AREA RATE AREA RATE
250 10.50 250 8.00 250 3.78 250 4.75 250 3.50
320 10.19 320 7.76 320 3.71 320 4.61 320 3.40
400 9.88 400 7.53 400 3.64 400 4.47 400 3.29
480 9.58 480 7.30 480 3.57 480 4.34 480 3.19
570 9.30 570 7.08 570 3.50 570 4.21 570 3.10
700 9.02 700 6.87 700 3.43 700 4.08 700 3.01
800 8.75 800 6.66 800 3.36 800 3.96 800 2.92
1000 8.48 1000 6.46 1000 3.29 1000 3.84 1000 2.83
OCLS 65 - SMOKE HOUSE SPECIFICATIONS
GRADE A B C D E
FOUNDATION Solid Solid Solid Solid Solid
FLOORS Concrete Concrete Concrete/Earth Earth Earth
ROOF Asphalt Asphalt/Metal Asphalt Metal Metal
WALLS Brick Good Average Fair Quality Poor Quality
Quality Siding Quality Siding Siding Siding
INT FINISH Minimal Minimal None None None
OTHER Electricity , Plbg Electricity Electricity None None
Grade Factors
(1) Quality of Construction
(2) Special Features (meat racks - etc.)
(2) Size
Life Expectancy (EST) 25 years
559
257
OTHER FEATURE CLASS: 69-GOLFGREENS
GRADE- A GRADE- B GRADE- C GRADE- D GRADE- E
AREA RATE AREA RATE AREA RATE AREA RATE AREA RATE
10 100000. 10 75000. 10 50000. 10 40000. 10 25000.
10 100000. 10 75000. 10 50000. 10 40000. 10 25000.
10 100000. 10 75000. 10 50000. 10 40000. 10 25000.
10 100000. 10 75000. 10 50000. 10 40000. 10 25000.
10 100000. 10 75000. 10 50000. 10 40000. 10 25000.
10 100000. 10 75000. 10 50000. 10 40000. 10 25000.
10 100000. 10 75000. 10 50000. 10 40000. 10 25000.
10 100000. 10 75000. 10 50000. 10 40000. 10 25000.
OCLS 69 - GOLF GREEN SPECIFICATIONS
GRADE
A - Championship - Features 160 to 200 acres, 6,700 to 7,000 yards long bunkered greens and
fairways, large trees, driving range, name architect, and automatic sprinklers for greens and
fairways.
B - Private Club - Features 120 to 160 acres, 6,400 to 6,700 yards long fairways, some trees,
bunkered greens, and sprinklers, either manual or automatic.
C - Semi-private and Municipal Clubs - Features 100 to 200 acres, 6,000 to 6,400 yards long
fairways, few bunkers, few trees, and greens are sprinkled.
D - Simple designed courses of flat terrain, natural rough with few bunkers, small built up tees and greens with some small trees.
E - Minimal quality, simple developed courses, open terrain and no bunkers.
OTHER FEATURE CLASS: 70-CABIN
GRADE- A GRADE- B GRADE- C GRADE- D GRADE- E
AREA RATE AREA RATE AREA RATE AREA RATE AREA RATE
300 74.11 300 65.06 300 56.01 300 47.82 300 39.63
500 69.80 500 61.26 500 52.73 500 44.46 500 36.19
700 66.84 700 58.72 700 50.60 700 42.10 700 33.61
800 65.59 800 57.68 800 49.76 800 41.20 800 32.64
1000 64.11 1000 56.35 1000 48.60 1000 40.07 1000 31.54
1200 62.69 1200 55.04 1200 47.39 1200 38.88 1200 30.37
1600 60.42 1600 53.15 1600 45.88 1600 37.44 1600 29.01
2000 58.81 2000 51.77 2000 44.73 2000 36.45 2000 28.17
OCLS 70 - CABIN SPECIFICATIONS
GRADE A B C D E
FOUNDATION Solid Solid Solid or Pier Solid or Pier Pier
FLOORS Wood or Wood or Wood or Wood Wood
Carpet Carpet Carpet
ROOF Asphalt Asphalt Asphalt Asphalt/Metal Metal
WALLS Good Average Average Wood Wood
Quality Logs Quality Logs Quality
Log or Wood
INTER FINISH Drywall Drywall /Panel Drywall/Panel Panel Minimal
OTHER Electric Electric Electric Electric Electric
Water, Water, Water, & Water & Water Insulation Insulation, Insulation,
& Sewage & Sewage & Sewage
Grade Factors
(1) Quality of Construction
(2) Overall Appearance
(3) Special Features
Life Expectancy (EST) 20 to 60 years
560
258
OTHER FEATURE CLASS: 71-RESIDENTIAL GREENHOUSE
GRADE- A GRADE- B GRADE- C GRADE- D GRADE- E
AREA RATE AREA RATE AREA RATE AREA RATE AREA RATE
100 12.00 100 9.76 100 8.00 100 6.40 100 4.00
300 11.64 300 9.47 300 7.76 300 6.21 300 3.88
500 11.29 500 9.18 500 7.53 500 6.02 500 3.76
700 10.95 700 8.91 700 7.30 700 5.84 700 3.65
900 10.62 900 8.64 900 7.08 900 5.67 900 3.54
1100 10.30 1100 8.38 1100 6.87 1100 5.50 1100 3.43
1300 10.00 1300 8.13 1300 6.66 1300 5.33 1300 3.33
1500 9.70 1500 7.89 1500 6.46 1500 5.17 1500 3.23
OCLS 71 - RESIDENTIAL GREENHOUSE SPECIFICATIONS
GRADE A B C D E
FOUNDATION Post Post Post Post Post
FLOORS Earth Earth Earth Earth Earth
ROOF Fiberglass Fiberglass Polyethylene Polyethylene Polyethylene
WALLS Fiberglass Low Cost Low Cost Polyethylene Polyethylene
OTHER Min Elect , Plbg Wiring & Plbg. Wiring & Plbg. Minimal Plbg None
Grade Factors
(1) Quality of Construction
(2) Size (3) Special Features
a. water systems
b. ventilation system
c. racks
Life Expectancy (EST) 10 to 15 years
OTHER FEATURE CLASS: 72-COMMERCIAL GREEN HOUSE
GRADE- A GRADE- B GRADE- C GRADE- D GRADE- E
AREA RATE AREA RATE AREA RATE AREA RATE AREA RATE
50 24.00 50 19.52 50 16.00 50 13.12 50 8.00
150 21.60 150 17.57 150 14.40 150 11.81 150 7.20
250 18.24 250 14.84 250 12.16 250 9.97 250 6.08
500 15.36 500 12.49 500 10.24 500 8.40 500 5.12
1000 12.48 1000 10.15 1000 8.32 1000 6.82 1000 4.16
2000 10.58 2000 8.60 2000 7.05 2000 5.78 2000 3.53
5000 9.00 5000 7.32 5000 6.00 5000 4.92 5000 3.00
0 0.00 0 0.00 0 0.00 0 0.00 0 0.00
OCLS 72 - COMMERCIAL GREENHOUSE SPECIFICATIONS
GRADE A B C D E
FOUNDATION Post Post Post Post Post
FLOORS Earth Earth Earth Earth Earth
ROOF Fiberglass Fiberglass Polyethylene Polyethylene Polyethylene
WALLS Fiberglass Low Cost Low Cost Polyethylene Polyethylene
OTHER Min Elect , Plbg Wiring & Plbg. Wiring & Plbg. Minimal Plbg None
Grade Factors
(1) Quality of Construction
(2) Size
(3) Special Features
a. water systems
b. ventilation system
c. racks
Life Expectancy (EST) 10 to 15 years
561
259
OCLS 73-SVCOMBLD COMMERCIAL SOUND VALUE
AREA A B C D E
OCLS 73 - COMMERCIAL BUILDING SOUND VALUE SPECIFICATIONS
GRADE A B C D E
FOUNDATION Concrete Concrete Slab or Slab or Slab
heavy slab heavy slab Cont. Wall Cont. Wall
or Cont. Wall Cont. Wall
FLOORS Concrete Concrete Wood or Conc. Wood or Conc. Wood or Conc.
ROOF Concrete Deck Concrete Deck, Wood or Wood or Rafter
Gypsum/Steel Steel Deck Steel Deck
WALLS Structured Reinforced Masonry Wood or Metal Frame
Steel Concrete or Concrete Steel Studs Metal Skin
Fireproofed Columns Frame Non-masonry Metal
Frame Frame Frame Skin
NOTE: Classification should be used sparingly; basically for non describe buildings (use not covered by
main codes) which add little “market value” to the subject property due to physical or functional
obsolescence.
Life Expectancy (EST) 10 to 15 years
OTHER FEATURE CLASS: 75-TENNIS COURT
GRADE- A GRADE- B GRADE- C GRADE- D GRADE- E
AREA RATE AREA RATE AREA RATE AREA RATE AREA RATE
7200 3.41 7200 3.30 7200 3.08 7200 2.75 7200 2.48
7200 3.41 7200 3.30 7200 3.08 7200 2.75 7200 2.48
7200 3.41 7200 3.30 7200 3.08 7200 2.75 7200 2.48
7200 3.41 7200 3.30 7200 3.08 7200 2.75 7200 2.48
7200 3.41 7200 3.30 7200 3.08 7200 2.75 7200 2.48
7200 3.41 7200 3.30 7200 3.08 7200 2.75 7200 2.48
7200 3.41 7200 3.30 7200 3.08 7200 2.75 7200 2.48
7200 3.41 7200 3.30 7200 3.08 7200 2.75 7200 2.48
OCLS 75 - TENNIS COURT SPECIFICATIONS
GRADE A B C D E
COURT TYPE Synthetic Concrete Asphalt Asphalt Clay
Surface Good Quality Average
Life Expectancy (EST) 25 Years
NOTE: Standard Size 60’ x 120’ = 7,200 sq. ft.
562
260
OTHER FEATURE CLASS: 77-COMMERCIAL SWIMMING POOL
GRADE- A GRADE- B GRADE- C GRADE- D GRADE- E
AREA RATE AREA RATE AREA RATE AREA RATE AREA RATE
1500 46.20 1500 39.60 1500 33.00 1500 26.40 1500 19.80
2500 44.66 2500 38.28 2500 31.90 2500 25.52 2500 19.14
3500 43.12 3500 36.96 3500 30.80 3500 24.64 3500 18.48
5500 41.58 5500 35.64 5500 29.70 5500 23.76 5500 17.82
6500 40.43 6500 34.65 6500 28.88 6500 23.10 6500 17.33
7500 39.27 7500 33.66 7500 28.05 7500 22.44 7500 16.83
8500 37.27 8500 31.94 8500 26.62 8500 21.30 8500 15.97
9500 35.42 9500 30.36 9500 25.30 9500 20.24 9500 15.18
OCLS 77 - COMMERCIAL SWIMMING POOL SPECIFICATIONS
GRADE A B C D E
FEATURES High Quality Good Quality Good Quality Gunite or Low Quality
Poured Poured Con Poured Shotcret (blown Concrete
Olympic Style Tiled Surface Concrete Concrete
Grade Factors
(1) Quality of Construction
(2) Quality of Materials
Life Expectancy (EST) 20 Years
OTHER FEATURE CLASS: 79-LAND IMP
GRADE- A GRADE- B GRADE- C GRADE- D GRADE- E
AREA RATE AREA RATE AREA RATE AREA RATE AREA RATE
100 16.40 100 16.40 100 16.40 100 16.40 100 16.40
1000 15.60 1000 15.60 1000 15.60 1000 15.60 1000 15.60
2000 14.80 2000 14.80 2000 14.80 2000 14.80 2000 14.80
3000 14.10 3000 14.10 3000 14.10 3000 14.10 3000 14.10
4000 13.40 4000 13.40 4000 13.40 4000 13.40 4000 13.40
6000 12.70 6000 12.70 6000 12.70 6000 12.70 6000 12.70
7000 12.10 7000 12.10 7000 12.10 7000 12.10 7000 12.10
8000 11.50 8000 11.50 8000 11.50 8000 11.50 8000 11.50
OTHER FEATURE CLASS: 80-BCONCPAV
GRADE- A GRADE- B GRADE- C GRADE- D GRADE- E
AREA RATE AREA RATE AREA RATE AREA RATE AREA RATE
100 3.95 100 3.21 100 2.63 100 2.16 100 1.32
1000 3.72 1000 3.03 1000 2.48 1000 2.03 1000 1.24
2500 3.48 2500 2.83 2500 2.32 2500 1.90 2500 1.16
5000 3.38 5000 2.75 5000 2.25 5000 1.85 5000 1.13
7500 3.32 7500 2.70 7500 2.21 7500 1.81 7500 1.11
10000 3.24 10000 2.64 10000 2.16 10000 1.77 10000 1.08
15000 3.17 15000 2.57 15000 2.11 15000 1.73 15000 1.06
25000 3.09 25000 2.51 25000 2.06 25000 1.69 25000 1.03
OCLS 80 - CONCRETE/BLACKTOP PAVING SPECIFICATIONS
GRADE A B C D E
QUALITY Same Same Same Same Same
Life Expectancy (EST) 10 to 15 years
563
261
OTHER FEATURE CLASS: 81-CHAIN LINK FENCE
GRADE- A GRADE- B GRADE- C GRADE- D GRADE- E
AREA RATE AREA RATE AREA RATE AREA RATE AREA RATE
200 4.14 200 3.37 200 2.76 200 2.26 200 1.38
600 4.09 600 3.32 600 2.72 600 2.23 600 1.36
700 4.00 700 3.25 700 2.66 700 2.18 700 1.33
1340 3.96 1340 3.22 1340 2.64 1340 2.16 1340 1.32
1500 3.92 1500 3.19 1500 2.62 1500 2.15 1500 1.31
3900 3.89 3900 3.16 3900 2.59 3900 2.13 3900 1.30
4500 3.80 4500 3.09 4500 2.53 4500 2.08 4500 1.27
6500 3.74 6500 3.05 6500 2.50 6500 2.05 6500 1.25
OCLS 81 - CHAIN LINK FENCE SPECIFICATIONS
GRADE A B C D E
HEIGHT 10’ - 12’ 10’ 8’ 6’ 3’ - 5’
BARB Yes None None None Rail
FOR COMMERCIALS ONLY
NOTE: If fencing has 3 strand barbed line top, use next higher grade.
If fencing has privacy slats use 2 higher grades up to A. Chain link fence is priced by the linear
foot. A 100’ fence 4 feet high is entered as an “E” grade 100 x 1.
OTHER FEATURE CLASS: 82-WOOD FENCE
GRADE- A GRADE- B GRADE- C GRADE- D GRADE- E
AREA RATE AREA RATE AREA RATE AREA RATE AREA RATE
200 2.81 200 2.28 200 1.87 200 1.54 200 0.94
600 2.57 600 2.09 600 1.72 600 1.41 600 0.86
700 2.29 700 1.86 700 1.52 700 1.25 700 0.76
1340 2.16 1340 1.76 1340 1.44 1340 1.18 1340 0.72
1500 2.07 1500 1.68 1500 1.38 1500 1.13 1500 0.69
3900 2.03 3900 1.65 3900 1.36 3900 1.11 3900 0.68
4500 1.89 4500 1.54 4500 1.26 4500 1.03 4500 0.63
6500 1.80 6500 1.46 6500 1.20 6500 0.98 6500 0.60
OCLS 82 - WOOD FENCE SPECIFICATIONS
GRADE A - Basket weave 5’ - 6’ high
B - Solid board, vertical or horizontal 6’ high
C - Stockade style 6’ high
D - Split board or picket
E - Split rail usually 3’ - 4’ high
Grade Factors
(1) Quality of Construction
(2) Quality of Materials
Life Expectancy (EST) 10 years
FOR COMMERCIAL USE ONLY
NOTE: Wood fence is priced by the linear foot. A 100’ stockade fence 6 feet high is entered as an “C”
grade 100 x 1.
564
262
OTHER FEATURE CLASS: 83-LIGHTING LIGHTS
GRADE- A GRADE- B GRADE- C GRADE- D GRADE- E
AREA RATE AREA RATE AREA RATE AREA RATE AREA RATE
10 2000. 10 1500. 10 1000. 10 800. 10 400.
10 2000. 10 1500. 10 1000. 10 800. 10 400.
10 2000. 10 1500. 10 1000. 10 800. 10 400.
10 2000. 10 1500. 10 1000. 10 800. 10 400.
10 2000. 10 1500. 10 1000. 10 800. 10 400.
10 2000. 10 1500. 10 1000. 10 800. 10 400.
10 2000. 10 1500. 10 1000. 10 800. 10 400.
10 2000. 10 1500. 10 1000. 10 800. 10 400.
OCLS 83 - LIGHTING SPECIFICATIONS
GRADE
A - High pressure sodium, top quality, decorative
B - High pressure sodium
C - Mercury vapor
D - Fluorescent or quartz-iodine
E - Incandescent
NOTE: Lights are priced by the unit. Four quartz lights on a pole is entered as a grade “D” 4 x 1.
OTHER FEATURE CLASS: 84-CANOPY
GRADE- A GRADE- B GRADE- C GRADE- D GRADE- E
AREA RATE AREA RATE AREA RATE AREA RATE AREA RATE
100 23.93 100 19.46 100 15.95 100 13.08 100 7.98
250 22.72 250 18.48 250 15.15 250 12.42 250 7.57
350 21.58 350 17.55 350 14.39 350 11.80 350 7.19
500 19.44 500 15.81 500 12.96 500 10.63 500 6.48
600 17.47 600 14.21 600 11.65 600 9.55 600 5.82
700 15.74 700 12.80 700 10.49 700 8.61 700 5.25
800 14.16 800 11.51 800 9.44 800 7.74 800 4.72
1000 12.75 1000 10.37 1000 8.50 1000 6.97 1000 4.25
OCLS 84 - CANOPY SPECIFICATIONS
GRADE
A - ROOF - Concrete OTHER - Steel frame, reinforced concrete
B - ROOF - Metal cover, steel deck
OTHER - Steel frame
C - ROOF - Wood deck, gable or other raised design, shingle or tin covering
OTHER - Wood or light steel frame
D - ROOF - Wood deck, flat, frame or galvanized tin
OTHER - Wood or pole frame
E - ROOF - Fiberglass (on rafters)
OTHER - Wood or pole frame
Grade Factors
(1) Quality of Materials
(2) Quality of Construction
Life Expectancy (EST) 15 to 25 years
565
263
OTHER FEATURE CLASS: 85-RAIL ROAD SIDING
GRADE- A GRADE- B GRADE- C GRADE- D GRADE- E
AREA RATE AREA RATE AREA RATE AREA RATE AREA RATE
10 85.50 10 69.54 10 57.00 10 46.74 10 28.50
1000 85.50 1000 69.54 1000 57.00 1000 46.74 1000 28.50
0 0.00 0 0.00 0 0.00 0 0.00 0 0.00
0 0.00 0 0.00 0 0.00 0 0.00 0 0.00
0 0.00 0 0.00 0 0.00 0 0.00 0 0.00
0 0.00 0 0.00 0 0.00 0 0.00 0 0.00
0 0.00 0 0.00 0 0.00 0 0.00 0 0.00
0 0.00 0 0.00 0 0.00 0 0.00 0 0.00
OCLS 85 - RAILROAD SIDING SPECIFICATIONS
GRADE A B C D E
WEIGHT OF
RAIL (LBS
PER YARD) 130 115 110 80 60/40
OTHER FEATURE CLASS: 86-RESIDENTIAL REC BLDG
GRADE- A GRADE- B GRADE- C GRADE- D GRADE- E
AREA RATE AREA RATE AREA RATE AREA RATE AREA RATE
100 40.50 100 32.94 100 27.00 100 22.14 100 13.50
200 39.69 200 32.28 200 26.46 200 21.70 200 13.23
300 38.90 300 31.63 300 25.93 300 21.26 300 12.97
400 38.10 400 30.99 400 25.40 400 20.83 400 12.70
500 37.35 500 30.38 500 24.90 500 20.42 500 12.45
700 36.60 700 29.77 700 24.40 700 20.01 700 12.20
900 35.88 900 29.18 900 23.92 900 19.61 900 11.96
1200 35.15 1200 28.58 1200 23.43 1200 19.21 1200 11.72
OCLS 86 – RESIDENTIAL REC BUILDING SPECIFICATIONS
GRADE A B C D E
FOUNDATION Masonry Masonry Piers, Wood Piers, Wood Piers
or Masonry or Masonry
FLOORS Wood or Wood or Wood or Wood or Wood
Concrete Concrete Concrete Concrete
ROOF Asphalt Asphalt/Metal Asphalt/Metal Asphalt/Metal Metal/Roll Rf.
WALLS Brick or Equal Block Concrete Block Drop Siding Low Cost
or Siding
INTERIOR Drywall or Drywall or Drywall or Ceiling Board Single Siding
FINISH Plaster Plaster Plaster
OTHER Electricity, Electricity, Electricity, Electricity. Electricity
& Plumbing & Plumbing & Plumbing
Grade Factors
(1) Quality of Construction
(2) Added features such as plumbing and good service wiring
(3) Overall design and size
Depreciation Factors
(1) Physical and Functional Condition
(2) Location
(3) Adaptability for other use
Life Expectancy (EST) 40 years
566
264
OTHER FEATURE CLASS: 87-TANK/ABV GRND (X 1000 GALS)
GRADE- A GRADE- B GRADE- C GRADE- D GRADE- E
AREA RATE AREA RATE AREA RATE AREA RATE AREA RATE
10 2.66 10 2.16 10 1.77 10 1.45 10 0.89
50 1.60 50 1.30 50 1.07 50 0.87 50 0.53
100 1.27 100 1.03 100 0.85 100 0.69 100 0.42
150 0.97 150 0.79 150 0.65 150 0.53 150 0.32
200 0.81 200 0.66 200 0.54 200 0.44 200 0.27
250 0.74 250 0.60 250 0.50 250 0.41 250 0.25
300 0.68 300 0.55 300 0.45 300 0.37 300 0.23
400 0.63 400 0.51 400 0.42 400 0.34 400 0.21
OCLS 87 - TANK ABOVE GROUND SPECIFICATIONS
GRADE A B C D E
TOWER HGT
HEIGHT 150’ 100’ 75’ 50’ Ground Level
Steel Frame Frame
Life Expectancy (EST) 40 years
NOTE: Price quoted for 1,000 gallons. A 25,000 gallon tank on a 75 foot tower would be entered as a grade “C” 25 x 1.
OTHER FEATURE CLASS: 88-BULK STORAGE HORIZONTAL
GRADE- A GRADE- B GRADE- C GRADE- D GRADE- E
AREA RATE AREA RATE AREA RATE AREA RATE AREA RATE
1000 2.25 1000 1.83 1000 1.50 1000 1.23 1000 0.75
2000 1.50 2000 1.22 2000 1.00 2000 0.82 2000 0.50
5000 0.99 5000 0.81 5000 0.66 5000 0.54 5000 0.33
10000 0.86 10000 0.70 10000 0.57 10000 0.47 10000 0.29
15000 0.80 15000 0.65 15000 0.53 15000 0.43 15000 0.27
20000 0.77 20000 0.62 20000 0.51 20000 0.42 20000 0.26
25000 0.75 25000 0.61 25000 0.50 25000 0.41 25000 0.25
30000 0.74 30000 0.60 30000 0.49 30000 0.40 30000 0.25
OTHER FEATURE CLASS: 89-BULK STORAGE - VERTICAL
GRADE- A GRADE- B GRADE- C GRADE- D GRADE- E
AREA RATE AREA RATE AREA RATE AREA RATE AREA RATE
2000 2.18 2000 1.77 2000 1.45 2000 1.19 2000 0.73
5000 1.32 5000 1.07 5000 0.88 5000 0.72 5000 0.44
10000 1.02 10000 0.83 10000 0.68 10000 0.56 10000 0.34
20000 0.87 20000 0.71 20000 0.58 20000 0.48 20000 0.29
30000 0.84 30000 0.68 30000 0.56 30000 0.46 30000 0.28
40000 0.83 40000 0.67 40000 0.55 40000 0.45 40000 0.28
50000 0.80 50000 0.65 50000 0.53 50000 0.43 50000 0.27
60000 0.78 60000 0.63 60000 0.52 60000 0.43 60000 0.26
567
265
OTHER FEATURE CLASS: 90-ELEVATOR - FREIGHT
GRADE- A GRADE- B GRADE- C GRADE- D GRADE- E
AREA RATE AREA RATE AREA RATE AREA RATE AREA RATE
10 37500. 10 30500. 10 25000. 10 20500. 10 12500.
10 37500. 10 30500. 10 25000. 10 20500. 10 12500.
10 37500. 10 30500. 10 25000. 10 20500. 10 12500.
10 37500. 10 30500. 10 25000. 10 20500. 10 12500.
10 37500. 10 30500. 10 25000. 10 20500. 10 12500.
10 37500. 10 30500. 10 25000. 10 20500. 10 12500.
10 37500. 10 30500. 10 25000. 10 20500. 10 12500.
10 37500. 10 30500. 10 25000. 10 20500. 10 12500.
OCLS 90 - FREIGHT ELEVATOR SPECIFICATIONS
GRADE A B C D E
TYPE Electric Electric Electric Hydraulic Hydraulic
DOORS Power Power Manual Power Manual
Grade Factors
(1) Capacity
(2) Speed (feet per minute)
(3) Number of Stops
(4) Special Features (rear doors, etc.)
Life Expectancy (EST) 50 years
NOTE: Freight elevators are priced by the unit and entered 1x1.
OTHER FEATURE CLASS: 91-ELEVATOR - PASSENGER
GRADE- A GRADE- B GRADE- C GRADE- D GRADE- E
AREA RATE AREA RATE AREA RATE AREA RATE AREA RATE
10 45210. 10 36771. 10 30140. 10 24715. 10 15070.
10 45210. 10 36771. 10 30140. 10 24715. 10 15070.
10 45210. 10 36771. 10 30140. 10 24715. 10 15070.
10 45210. 10 36771. 10 30140. 10 24715. 10 15070.
10 45210. 10 36771. 10 30140. 10 24715. 10 15070.
10 45210. 10 36771. 10 30140. 10 24715. 10 15070.
10 45210. 10 36771. 10 30140. 10 24715. 10 15070.
10 45210. 10 36771. 10 30140. 10 24715. 10 15070.
OCLS 55 - PASSENGER ELEVATOR SPECIFICATIONS
GRADE A B C D E
TYPE Electric Electric Electric Hydraulic Hydraulic
DOORS Power Power Manual Power Manual
Grade Factors
(1) Capacity
(2) Speed (feet per minute)
(3) Number of Stops
(4) Special Features (rear doors, etc.)
Life Expectancy (EST) 50 years
NOTE: Passenger elevators are priced by the unit and entered 1x1.
568
266
OTHER FEATURE CLASS: 92-RET WALL
GRADE- A GRADE- B GRADE- C GRADE- D GRADE- E
AREA RATE AREA RATE AREA RATE AREA RATE AREA RATE
200 12.71 200 9.63 200 5.50 200 4.82 200 4.13
520 10.67 520 8.09 520 4.62 520 4.05 520 3.47
600 10.16 600 7.70 600 4.40 600 3.85 600 3.30
920 8.33 920 6.31 920 3.61 920 3.16 920 2.71
1000 7.93 1000 6.01 1000 3.43 1000 3.01 1000 2.57
1400 6.58 1400 4.99 1400 2.85 1400 2.50 1400 2.14
1500 6.25 1500 4.74 1500 2.71 1500 2.37 1500 2.03
0 0.00 0 0.00 0 0.00 0 0.00 0 0.00
OCLS 92 - WALL SPECIFICATIONS
GRADE A B C D E
CRITERIA Brick with Brick with Brick Block Wood
Ornaments Ornaments
and Lights
Grade Factors
(1) Quality of Construction
(2) Quality of Materials
Life Expectancy (EST) 10 to 20 years NOTE: Walls are priced by the square foot. A wall 4 foot high and 100 feet long is entered 100 x 4.
OTHER FEATURE CLASS: 93-TOWERS RADIO/CELL
GRADE- A GRADE- B GRADE- C GRADE- D GRADE- E
AREA RATE AREA RATE AREA RATE AREA RATE AREA RATE
50 310.20 50 282.00 50 253.80 50 225.60 50 197.40
70 401.06 70 368.95 70 336.83 70 304.72 70 272.60
100 477.05 100 441.22 100 405.38 100 369.54 100 333.70
150 614.13 150 571.83 150 529.53 150 487.23 150 444.93
200 732.02 200 687.96 200 643.90 200 599.84 200 555.78
250 854.46 250 799.71 250 744.95 250 690.20 250 635.44
300 957.23 300 901.23 300 845.22 300 789.21 300 733.20
400 1146. 400 1085. 400 1023. 400 962. 400 901.
OCLS 93 - RADIO AND TV TOWER SPECIFICATIONS
GRADE
A - Self-supporting - Microwave, Cell & TV
B - Microwave, Cell & TV
C - Radio VHF and UHF
D - Taxi, Police, Public Service
E - Ham Radio
569
267
OTHER FEATURE CLASS: 95-MSCBLDGN
GRADE- A GRADE- B GRADE- C GRADE- D GRADE- E
AREA RATE AREA RATE AREA RATE AREA RATE AREA RATE
0 0.00 0 0.00 0 0.00 0 0.00 0 0.00
0 0.00 0 0.00 0 0.00 0 0.00 0 0.00
0 0.00 0 0.00 0 0.00 0 0.00 0 0.00
0 0.00 0 0.00 0 0.00 0 0.00 0 0.00
0 0.00 0 0.00 0 0.00 0 0.00 0 0.00
0 0.00 0 0.00 0 0.00 0 0.00 0 0.00
0 0.00 0 0.00 0 0.00 0 0.00 0 0.00
0 0.00 0 0.00 0 0.00 0 0.00 0 0.00
OCLS 95 - MISCELLANEOUS BUILDINGS SOUND VALUE SPECIFICATIONS
GRADE
A - Appraiser’s Discretion
B - Appraiser’s Discretion
C - Appraiser’s Discretion
D - Appraiser’s Discretion
E - Appraiser’s Discretion
Grade Factors (1) Quality and Appearance
NOTE: Building sound value are priced by the unit. They are entered 1 x 1.
OTHER FEATURE CLASS: 96-UNFINISHED UPPER STORY
GRADE- A GRADE- B GRADE- C GRADE- D GRADE- E
AREA RATE AREA RATE AREA RATE AREA RATE AREA RATE
100 13.50 100 10.98 100 9.00 100 7.38 100 4.50
200 13.10 200 10.65 200 8.73 200 7.16 200 4.37
300 12.70 300 10.33 300 8.47 300 6.94 300 4.23
500 12.32 500 10.02 500 8.21 500 6.74 500 4.11
700 11.95 700 9.72 700 7.97 700 6.53 700 3.98
1000 11.59 1000 9.43 1000 7.73 1000 6.34 1000 3.86
2000 11.25 2000 9.15 2000 7.50 2000 6.15 2000 3.75
3000 10.91 3000 8.87 3000 7.27 3000 5.96 3000 3.64
OCLS 96 - UNFINISHED UPPER STORY SPECIFICATIONS GRADE A B C D E
FLOORS Wood Wood Wood Wood Wood
ROOF Asphalt Asphalt Asphalt Asphalt/Metal Metal
WALLS Brick Good Average Low Quality Poor Quality
Quality Siding Quality Siding Siding Siding
INT. FINISH Insulation Insulation None None None
OTHER Electricity Electricity Electricity Electricity & Electricity
& Plumbing & Plumbing & Plumbing & Plumbing
Grade Factors
(1) Quality of Construction
(2) Overall Appearance
(2) Size
Life Expectancy (EST) 20 years
570
268
OTHER FEATURE CLASS: 97-FINISHED UPPER STORY
GRADE- A GRADE- B GRADE- C GRADE- D GRADE- E
AREA RATE AREA RATE AREA RATE AREA RATE AREA RATE
100 25.50 100 20.74 100 17.00 100 13.94 100 8.50
200 24.74 200 20.12 200 16.49 200 13.52 200 8.25
300 23.99 300 19.51 300 16.00 300 13.12 300 8.00
500 23.27 500 18.93 500 15.52 500 12.72 500 7.76
700 22.57 700 18.36 700 15.05 700 12.34 700 7.52
1000 21.90 1000 17.81 1000 14.60 1000 11.97 1000 7.30
2000 21.24 2000 17.28 2000 14.16 2000 11.61 2000 7.08
3000 20.60 3000 16.76 3000 13.74 3000 11.26 3000 6.87
OCLS 97 - FINISHED UPPER STORY SPECIFICATIONS
GRADE A B C D E
FLOORS Wood or Wood or Wood, Vinyl Wood, Vinyl Wood, Vinyl
Carpet Carpet or Carpet or Carpet or Carpet
ROOF Asphalt Asphalt Asphalt Asphalt/Metal Metal
WALLS Brick Good Average Fair Quality Poor Quality
Quality Siding Quality Siding Siding Siding
INT. FINISH Insulation Insulation Insulation Minimal Panel & Drywall & Drywall Drywall/Panel Insulation &
Drywall/Panel
OTHER Electricity Electricity Electricity Electricity & Electricity
& Plumbing & Plumbing & Plumbing & Plumbing
Grade Factors
(1) Quality of Construction
(2) Overall Appearance
(2) Size
Life Expectancy (EST) 20 years
OTHER FEATURE CLASS: 99-TOBACCO ALLOT
GRADE- A GRADE- B GRADE- C GRADE- D GRADE- E
AREA RATE AREA RATE AREA RATE AREA RATE AREA RATE
10 0.00 0 0.00 0 0.00 0 0.00 0 0.00
10 0.00 0 0.00 0 0.00 0 0.00 0 0.00
10 0.00 0 0.00 0 0.00 0 0.00 0 0.00
10 0.00 0 0.00 0 0.00 0 0.00 0 0.00
10 0.00 0 0.00 0 0.00 0 0.00 0 0.00
10 0.00 0 0.00 0 0.00 0 0.00 0 0.00
10 0.00 0 0.00 0 0.00 0 0.00 0 0.00
10 0.00 0 0.00 0 0.00 0 0.00 0 0.00
571
269
TAXATION OF
LOW INCOME HOUSING PROPERTY
572
270
In 2008 the General Assembly passed legislation that affects low income
housing, more commonly known as section 42 housing. The new law requires
the assessor to value these properties based on the income approach to value
starting January 1st, 2009. The General Statute is quoted below in its entirety.
§ 105-277.16. Taxation of low-income housing property.
A North Carolina low-income housing development to which the North Carolina Housing
Finance Agency allocated a federal tax credit under section 42 of the Code is designated a
special class of property under Article V, Section 2(2) of the North Carolina Constitution and
must be appraised, assessed, and taxed in accordance with this section. The assessor must use
the income approach as the method of valuation for property classified under this section and
must take rent restrictions that apply to the property into consideration in determining the
income attributable to the property. The assessor may not consider income tax credits
received under section 42 of the Code or under G.S. 105-129.42 in determining the income
attributable to the property. (2008-146, s. 3.1; 2008-187, s. 47.6.)
573
271
PERSON COUNTY
SYSTEM CODE ABBREVIATIONS
(CODE 50 SHEET)
574
APSSYS - PERSON COUNTY TAX OFFICE PRINTOUT:50-SYSTEM CODE ABREVIATIONS 09102012 PAGE: 1
__________________________________________________________________________________________________________________________
| * BLDx - STRUCTURAL CLASSES | NON-HEATED AREA |DPRT:02-RES GOOD -RESIDENTIAL GOOD |
|- - - - - - - - - - - - - - - - - - - - | ADDITIONS OR DETACHED |DPRT:03-RES FAIR -RESIDENTIAL FAIR |
| RESIDENTIAL CLASSES |SCLS:75-DTGARAGE UNFINISHED GARAGE |DPRT:04-RES POOR -RESIDENTIAL POOR |
|SCLS:01-SNG FAML |SCLS:76-DETFGARG FINISHED |DPRT:05-COMMGOOD -COMMERCIAL GOOD |
|SCLS:02-TWO FAML |SCLS:77-ATGARAGE UNFINISHED |DPRT:06-COMM AVG -COMMERCIAL AVERAGE |
|SCLS:03-MUL FAML |SCLS:78-ATTFGARG FINISHED |DPRT:07-COMMPOOR -COMMERCIAL POOR |
|SCLS:04-TOWNHOUSE |SCLS:79-PATIO |DPRT:08-MANF DW -MANUFACTURED DOUBLEWID|
|SCLS:05-GARD APT |SCLS:80-PORCH |DPRT:09-MANF SW -MANUFACTURED SINGLEWID|
|SCLS:06-WKUP APT |SCLS:81-ENCPORCH FINISHED PORCH |========================================|
|SCLS:07-MODULAR HOME |SCLS:82-CAR PORT | * SFCC - SQUARE FOOTAGE TABLE LOOKUP |
|- - - - - - - - - - - - - - - - - - - - |SCLS:83-CANOPY | COMPUTATION CODE |
| COMMERCIAL CLASSES |SCLS:84-SCRNPRCH |SFCC:00-BYHTSF -ALL HEATED AREAS TOTAL|
|SCLS:08-BANKBLDG |SCLS:85-STOOP | TOTAL HTSF, EACH HEATED S|
|SCLS:09-FASTFOOD RESTAURANT |SCLS:86-UTILROOM | LOOKED UP BY HTSF |
|SCLS:10-RESTARNT LOUNGE |SCLS:87-ADDITION |SFCC:01-BYSEGMNT -EACH SEGMENT INDIVIDUA|
|SCLS:11-MOTEL |SCLS:88-DECK |SFCC:02-BY-CLASS -ALL SEGS ADDED EACH CL|
|SCLS:12-AUDITORM |SCLS:89-OM-PORCH |========================================|
|SCLS:13-BEAUTYSH SHOP |SCLS:90-CPLTFORM | * FNDT - FOUNDATION MATERIALS |
|SCLS:14-CAR WASH |SCLS:91-OPLTFORM |FNDT:01-CONCSLAB |
|SCLS:15-AUTOGARG |SCLS:92-COLDSTRG |FNDT:02-CONCBLCK |
|SCLS:16-AUTOSHRM |SCLS:93-OVERHANG |FNDT:03-BRICK |
|SCLS:17-BOWLALLY BOWLING ALLEY |SCLS:94-SHELTER |FNDT:04-STN |
|SCLS:18-CNTRYCLB COUNTRY CLUB |SCLS:95-MEZZANINE |FNDT:05-FRAME |
|SCLS:19-COMDNTWN COMMERCIAL DOWNTOWN |SCLS:96-SPRINKLR - SPRINKLER SYSTEM |- - - - - - - - - - - - - - - - - - - - |
|SCLS:20-INDENGRG INDUSTRIAL ENGINEERING |SCLS:97-ATTICFIN - FINISHED ATTIC | FOUNDATION TYPE |
|SCLS:21-COTTAGE |SCLS:98-UNFATTIC UNFINISHED ATTIC |FNDT:11-CW |
|SCLS:22-TYPOFFCE |SCLS:99-TERRACE |FNDT:12-PIER |
|SCLS:23-BARBERSH SHOP |========================================|========================================|
|SCLS:24-MED OFFC | * CNST -CONSTRUCTION STYLE | * XTFN - EXTERIOR WALL FINISH |
|SCLS:25-FRATERNL |CNST:01-RANCH |XTFN:01-FRAME -SIDING,PLYWOOD,HARDBOA|
|SCLS:26-SVCGARAG |CNST:02-BI-LEVEL | BOARD&BATTEN,CEDAR/REDWOO|
|SCLS:27-FDMTMINI FOOD MART MINI |CNST:03-SPLITLVL |XTFN:02-BRICK -FACEBRICK, BRICK, 8" B|
|SCLS:28-RETSTORE |CNST:04-CONV. | BRICK ON MASONRY, 12"BRIC|
|SCLS:29-STORGARG |CNST:05-CONTEMP |XTFN:03-FR & MAS -FRAME & MASONRY COMBIN|
|SCLS:30-FEEDMILL |CNST:06-COLONIAL |XTFN:04-C. BLOCK -CONCRETE BLOCK PLAIN |
|SCLS:31-CONV MKT CONVENIENCE MARKET |CNST:07-CAPE COD |XTFN:05-STUCCO -ALL FORMS OF STUCCO |
|SCLS:32-DISCOUNT STORE |CNST:08-ROW TYPE |XTFN:06-BD&BATEN -BOARD AND BATTEN |
|SCLS:33-SUPERMKT SUPER MARKET |CNST:09-ENGTUDOR |XTFN:07-CEDAR |
|SCLS:34-COMERCIL COMMERCIAL |CNST:10-MODULAR |XTFN:08-SID/SHEA -SIDING ON SHEATHING |
|SCLS:35-MINIWHSE |CNST:11-DBLWIDE |XTFN:09-METL/GLS -METAL/GLASS |
|SCLS:36-SHOPCNTR NEIGHBORHOOD |CNST:12-SGLWIDE |XTFN:10-TILE |
|SCLS:37-WAREHOUS |CNST:21-APARTMNT |XTFN:11-AL/VYN -ALUMINUM&VINYL SIDING |
|SCLS:38-WAREHOUS TRANSIT |CNST:22-BANK |XTFN:12-ASB/SD -WOOD FRAME ASBESTOS |
|SCLS:39-WAREHOUS DISTRIBUTION |CNST:23-SVC GAR. |XTFN:13-CMP/SGL -COMPOSITION, ASPHALT S|
|SCLS:40-TOB WHSE |CNST:24-SVC STA. |XTFN:14-WD SHG -WOOD SHINGLE |
|SCLS:41-VETHOSPL VETERINARY HOSPITAL |CNST:25-HOTEL |XTFN:15-LOGS |
|SCLS:42-POSTOFFC |CNST:26-MOTEL |XTFN:16-PERM/ST -PERMA STONE |
|SCLS:43-SOLARIUM |CNST:27-OFFICE |XTFN:17-MASONITE |
|SCLS:44-CLUBHOUS |CNST:28-RESTARNT |XTFN:18-CEMBOARD -CEMENT BOARD |
|SCLS:45-CHURCH |CNST:29-STORE |XTFN:19-BRICK/LC - LOW COST BRICK |
|SCLS:46-NIGHTCLB |CNST:30-SHOPCNTR |XTFN:20-BRICK/JB - JUMBO BRICK |
|SCLS:47-FIRE STA |CNST:31-STORCMBO |XTFN:21-STONE |
|SCLS:48-GYM |CNST:32-COMMRCIL |XTFN:22-METAL |
|SCLS:49-HOSPITAL |CNST:33-INDSTRIL |XTFN:24-WIDESDNG - WIDE SIDING |
|SCLS:50-LIBRARY |CNST:34-CNVNTINL |========================================|
|SCLS:51-SRVC STA |========================================| * RFTY - ROOF TYPE |
|SCLS:52-GOVTBLDG | * IMPR - IMPROVEMENT CODES |RFTY:01-GABLE |
|SCLS:53-NURSE HM |IMPR:32-________ -(BLANK) |RFTY:02-HIP |
|SCLS:54-POLICEST |IMPR: A-APARTMNT -A |RFTY:03-GAMBREL |
|SCLS:55-RESTHOME |IMPR: C-COMMRCIL -C |RFTY:04-MANSARD |
|SCLS:56-SCHOOL |IMPR: D-DWELLING -D |RFTY:05-FLAT |
|SCLS:57-TAVERN |IMPR: E-EXEMPT -E |RFTY:06-SPECIAL |
|SCLS:58-LTINDUST |IMPR: I-INDUSTRL -I |========================================|
|SCLS:59-MDINDUST |IMPR: O-OTHER -O | * RFMT - ROOF MATERIAL |
|SCLS:60-HVINDUST |IMPR: V-VACANT -V |RFMT:01-ASPHSHNG |
|SCLS:61-HOTEL |IMPR: W-WATRFRNT -W |RFMT:02-ASBESHNG |
|SCLS:62-PRISON |========================================|RFMT:03-TILE |
|SCLS:63-HITECIND HIGH TECH INDUSTRIAL | * PHCO - CONDITION CODES |RFMT:04-METAL |
|SCLS:64-BOTTLING PLANT |PHCO: E-EXCELLENT |RFMT:05-WDSHINGL |
|SCLS:65-CHEMICAL PLANT |PHCO: V-VERYGOOD |RFMT:06-SLATE |
|SCLS:66-DAIRY |PHCO: G-GOOD |RFMT:07-ROLLROOF |
|SCLS:67-DBL WIDE MOBILE HOME |PHCO: A-AVERAGE |RFMT:08-BUILT UP |
|SCLS:68-MANSION |PHCO: F-FAIR |========================================|
|SCLS:69-LAUNDMAT |PHCO: P-POOR | * WLFN - INTERIOR WALL FINISH |
|SCLS:70-SKATERNK |PHCO: X-VERY POOR |WLFN:01-DRY WALL |
|SCLS:71-SGN WIDE MOBILE HOME |PHCO: U-UNSOUND |WLFN:02-PANEL |
|SCLS:72-RURALRET |========================================|WLFN:03-PLASTER |
|SCLS:73-FFCONVST FAST FOOD CONV STORE | * DPRT - ALTERNATE DEPRECIATION TABLES |WLFN:04-FIBR BRD |
|SCLS:74-MORTUARY |DPRT:00-RES AVG -DEFAULT RES AVERAGE |WLFN:05-ACOUSTIC |
|- - - - - - - - - - - - - - - - - - - - |DPRT:01-RES EXCL -RESIDENTIAL EXCELLENT |WLFN:06-UNFINISH __________________________________________________________________________________________________________________________|575
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__________________________________________________________________________________________________________________________
|========================================|========================================|OCLS:85-RRSIDING |
| * FLFN - FLOOR FINISH/MATERIAL | * OFBx - OTHER FEATURES |OCLS:86-RESRECBD - RESIDENTIAL RECREATIO|
|FLFN:01-SOFTWOOD | OTHER BUILDINGS |OCLS:87-TNKABVGN - ABOVE GROUND TANK |
|FLFN:02-HARDWOOD | OTHER "THINGS" |OCLS:88-BULKSTRH - BULK STORAGE HORIZONT|
|FLFN:03-CONCRETE | RESIDENTIAL OFB |OCLS:89-BULKSTRV - BULK STORAGE VERTICAL|
|FLFN:04-TILE |OCLS:01-GARAGE |OCLS:90-FRT ELEV - FREIGHT ELEVATOR |
|FLFN:05-CARPET |OCLS:02-CARPORT |OCLS:91-PAS ELEV - PASSENGER ELEVATOR |
|FLFN:06-VINYL |OCLS:03-PATIO |OCLS:92-RET WALL |
|FLFN:07-UNFINISHED |OCLS:04-STG.SHED |OCLS:93-TOWERRTM |
|========================================|OCLS:05-POOL |OCLS:94-MSCBLDGSV |
| * HTAC - HEATING/AIR COND |OCLS:06-PACKBARN |OCLS:95-MSCBLDGNC |
|HTAC:01-NONE |OCLS:07-BATH HSE |OCLS:96-UNF UPPER |
|HTAC:02-UNITS |OCLS:08-SHELTER |OCLS:97-FIN UPPER |
|HTAC:03-CENTRAL |OCLS:09-STABLE |OCLS:99-TOBALLOTM -TOBACCO ALLOTMENT |
|HTAC:04-HT PUMP - HEAT PUMP |OCLS:10-SMRKITCN |========================================|
|HTAC:05-WINDUNIT - WINDOW UNIT |OCLS:11-WELL HSE | * LNDx - LAND PRICING TYPES |
|HTAC:06-SOLAR |OCLS:12-ASPH PAV |LTYP: A-ACREAGE "A" |
|HTAC:07-FLR/WALL |OCLS:13-CONC PAV |LTYP: F-FRNTFOOT "F" |
|HTAC:08-ELECT-BB |OCLS:14-SHOP |LTYP: L-LOTPRICE "L" |
|HTAC:09-CHWATER - CHILLED WATER |OCLS:15-LMBRSTRG |LTYP: N-NO LAND "N" |
|HTAC:10-STEAM |OCLS:16-BOAT HSE |LTYP: S-SQ. FOOT "S" |
|HTAC:11-GASPACK |OCLS:17-BULKBARN |LTYP: S-SNDVALUE "V" |
|HTAC:12-WOOD |OCLS:18-TOB.BARN |========================================|
|HTAC:13-RADIANT |OCLS:19-PIERS | * LNDx - LAND CLASSIFICATION |
|HTAC:14-HOTWATER |OCLS:20-POLESHLT |LCLS:01-FF RES 1 FF RESIDENTIAL 1 |
|HTAC:15-HOT-AIR |OCLS:21-BARN |LCLS:02-FF RES 2 FF RESIDENTIAL 2 |
|HTAC:17-CENT-A/C |OCLS:22-GAZEBO |LCLS:03-FF RES 3 FF RESIDENTIAL 3 |
|HTAC:21-PREFABFP |OCLS:23-SVCANOPY SERVICE STA CANOPY |LCLS:11-BLDGSIT1 BUILDING SITE 1 |
| HEATING SYSTEM TYPE |OCLS:24-TENANTHS TENANT HOUSE |LCLS:12-BLDGSIT2 BUILDING SITE 2 |
|HTAC:22-GHA |OCLS:25-MH HKUP MOBILE HOME HOOKUP |LCLS:13-BLDGSIT3 BUILDING SITE 3 |
|HTAC:23-FLR FURN |OCLS:26-MISCBLDG |LCLS:21-CLEARED1 |
|HTAC:24-EBB-CLG |OCLS:27-PF STEEL PREFAB STEEL |LCLS:22-CLEARED2 |
|========================================|OCLS:28-OFB/EFP |LCLS:23-CLEARED3 |
| * FUEL - HEAT/AIR/PLANT FUEL |OCLS:29-OFB/OFP |LCLS:31-WOODED 1 |
|FUEL:01-GAS |OCLS:30-OFB/EMP |LCLS:32-WOODED 2 |
|FUEL:02-ELECTRIC |OCLS:31-OFB/OMP |LCLS:33-WOODED 3 |
|FUEL:03-OIL |OCLS:32-OFB/CP |LCLS:41-RESID 1 RESIDUAL 1 |
|FUEL:04-COAL |OCLS:33-OFB/DECK |LCLS:42-RESID 2 RESIDUAL 2 |
|FUEL:05-SOLAR |OCLS:34-OFB/UTIL |LCLS:43-RESID 3 RESIDUAL 3 |
|FUEL:06-WOOD |OCLS:35-OFB/BRAD |LCLS:51-WTRVIEW1 WATERVIEW 1 |
|========================================|OCLS:36-OFB/FRAD |LCLS:52-WTRVIEW2 WATERVIEW 2 |
| * TOPO - TOPOGRAPHY CODES |OCLS:37-LEAN-TO |LCLS:53-WTRVIEW3 WATERVIEW 3 |
|TOPO:01-LEVEL |OCLS:38-IMPLSHED |LCLS:54-WTRVIEW4 WATERVIEW 4 |
|TOPO:02-ABOVSTRT |OCLS:39-QUONSET |LCLS:61-LOTS 1 LOT RATE 1 |
|TOPO:03-BELWSTRT |OCLS:40-CHCKNHSE |LCLS:62-LOTS 2 LOT RATE 2 |
|TOPO:04-ROLLING |OCLS:41-MODPLTHS - AUTOMATED POULTRY HOU|LCLS:63-LOTS 3 LOT RATE 3 |
|TOPO:05-STEEP |OCLS:42-HOGHOUSE |LCLS:71-FF COMM1 FF COMMERCIAL 1 |
|TOPO:06-LOW |OCLS:43-OTHANMLH - OTHER ANIMAL HOUSE |LCLS:72-FF COMM2 FF COMMERCIAL 2 |
|TOPO:07-SWAMPY |OCLS:44-GRN ELEV - GRAIN ELEVATOR |LCLS:73-FF COMM3 FF COMMERCIAL 3 |
|TOPO:08-ROUGH |OCLS:45-MILKHOUS |LCLS:81-FFINDUS1 FF INDUSTRIAL 1 |
|TOPO:09-NONBUILD |OCLS:46-MILKPRLR - MILKING PARLOR |LCLS:82-FFINDUS2 FF INDUSTRIAL 2 |
|========================================|OCLS:47-MILKPROC - MILK PROCESSING BLDG |LCLS:83-FFINDUS3 FF INDUSTRIAL 3 |
| * STRT - STREET TYPE/TRAFFIC |OCLS:48-TRKSCALE - TRUCK SCALE |LCLS:91-POND 1 |
|STRT:01-PAVED |OCLS:49-BULKHEAD |LCLS:92-POND 2 |
|STRT:02-UNPAVED |OCLS:50-BOATSHED |LCLS:93-POND 3 |
|STRT:03-PROPOSED |OCLS:51-CRIB |LCLS:94-WASTE |
|- - - - - - - - - - - - - - - - - - - - |OCLS:52-CORNCRIB |LCLS:95-CEMETERY |
| STREET CHARACTERISTICS |OCLS:53-CARPORT - LOW COST CARPORT |========================================|
|STRT:04-NONE |OCLS:54-BOATLIFT | * AFCT - ACREAGE FACTOR TABLES |
|STRT:05-CURB>R |OCLS:56-GRAINBIN - GRAIN BIN |AFCT:00-STANDARD -STANDARD ACREAGE TABLE|
|STRT:06-SIDEWALK |OCLS:59-TICKETOF - TICKET OFFICE |AFCT:01-EXCELENT -EXCELLENT ACREAGE TABL|
|STRT:07-ALLEY |OCLS:60-BTHSEOFP BT HSE PORCH |AFCT:02-GOOD -GOOD ACREAGE TABLE |
|STRT:11-NONE |OCLS:61-SILO |AFCT:03-FAIR -FAIR ACREAGE TABLE |
|STRT:12-NOOUTLET - STREET |OCLS:62-BTHSESTG BT HSE STORAGE |AFCT:04-POOR -POOR ACREAGE TABLE |
|STRT:13-LOW TRFC - LOW TRAFFIC |OCLS:63-BTHSESP BT HSE SCREEN PORCH |AFCT:05-NOMINAL -NOMINAL ACREAGE TABLE |
|STRT:14-MED TRFC |OCLS:64-BTHSEEFP BT HSE ENCLOSED PORCH |AFCT:06-HOMESITE -HOMESITE ACREAGE TABLE|
|STRT:15-HVY TRFC |OCLS:65-SMOKEHSE - SMOKE HOUSE |AFCT:07-COMM -COMMERCIAL ACREAGE TAB|
|STRT:16-DIRTROAD |OCLS:69-GLFGREEN - GOLF GREEN |AFCT:08-INDUST -INDUSTRIAL ACREAGE TAB|
|STRT:17-ROCK |OCLS:70-CABIN | |
|========================================|OCLS:71-RESGRNHS - RESIDENTIAL GREENHOUS|AFCT:09-BLANKUSE -BLANK TABLE FOR LAND U|
| * UTIL - UTILITIES |OCLS:72-COMGRNHS - COMMERCIAL GREENHOUSE|========================================|
|UTIL:01-ALL PUB -ALL PUBLIC UTILITIES |OCLS:73-SVCOMBLD - SOUND VALUED COMMERCI| * FRFT - ALTERNATE FRONT FOOT AND |
|UTIL:02-PUBWATER |OCLS:75-TENNISCT | DEPTH FACTOR TABLES |
|UTIL:03-ALLRURAL |OCLS:77-CMSWIMPL - COMMERCIAL SWIMMING P|FRFT:00-STANDARD -STANDARD FRONT FOOT / |
|UTIL:04-GAS |OCLS:79-LAND IMP |FRFT:01-COMERCIL -COMMERCIAL |
|UTIL:05-WELL |OCLS:80-BCONCPAV |FRFT:09-BLANKUSE -BLANK TABLE FOR LAND U|
|UTIL:06-SEPTIC |OCLS:81-CL FENCE |========================================|
|UTIL:07-STRMSWR |OCLS:82-WD FENCE | |
|UTIL:08-ELECTRIC |OCLS:83-LIGHTING | |
|UTIL:09-NONE |OCLS:84-CANOPY | __________________________________________________________________________________________________________________________|576
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| | | |
| | | |
| * SCOD D DEED | | |
|SCOD: -- SALES CODES | | |
|SCOD:32- -BLANK | | |
|SCOD: A-PAS -PEARSON SELECTED SAL| | |
|SCOD: D- DEED | | |
|SCOD: B-86RAWSAL -1986 RAW SALES | | |
|SCOD: M-MLTLSTNG -M MULTIPLE PARCELS | | |
|SCOD: P-PUBAUCTN -P PUBLIC AUCTION | | |
|SCOD: Q-QUALFIED -Q MEANS QUALIFIED SA| | |
|SCOD: R-REALTOR -R MEANS REALTOR | | |
|SCOD: S-STAMPS -S MEANS DEED STAMPS | | |
|SCOD: N-UNQUAL -N MEANS UNQUALIFIED | | |
|========================================| | |
| * DEED CODES * | | |
|SDC1:26-QUALIFIED IMPROVED AFTER SALE | | |
|SDC1:27-QUALIFIED DEED STAMPS | | |
|SDC1:28-QUALIFIED SOURCE DOCUMENT | | |
|SDC1:29-QUALIFIED MULTIP. TRACTS | | |
|========================================| | |
| * APPEAL CODES * | | |
|APLC:01-CHANGE | | |
|APLC:02-NO CHANGE | | |
| | | |
|INTC:01-CHANGE | | |
|INTC:02-NO CHANGE | | |
|========================================| | |
| * TAX CLASSES * | | |
|TCLS:71-SW PERS | | |
|========================================| | |
| * INCOME TABLES * | | |
|ITBL:01-SFR - SINGLE FAMILY RESIDEN| | |
|ITBL:02-APPTMNT - APPARTMENTS | | |
|ITBL:75-FOOBARS - FOR FUN OF IT | | |
|========================================| | |
| * LINES WITHIN INCOME TABLES * | | |
|ICAP:01-RATE RET - RATE OF RETURN | | |
|ICAP:02-INSURANCE | | |
|ICAP:03-REPAIRS | | |
|ICAP:04-DEPRECTN - DEPRECIATION | | |
|ICAP:05-VACANCY | | |
|========================================| | |
| * INCOME TAX DISTRICTS * | | |
|IDIS:01-BARRETT | | |
|IDIS:02-CHESTNUT | | |
|IDIS:03-COOLBAUGH | | |
|========================================| | |
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275
PERSON COUNTY
COMPUTER CODES
578
276
PERSON COUNTY COMPUTER CODES
CRDN Card Number XTFN Exterior Wall Finishes
GRDE Grade A B C D E etc. GRDF Grade Adjustment X X
FLAG Flag Code CLAS Property Class
RMYR Year Remodeled ERYR Year Erected
EFYR Effective Yr. Built Ovrd. RVWD Date Visited by Reviewer
DEPR Depreciation Factor PHCO Physical Cond EGAFPXUVCS
ZONE Zoning Code PCTC Percentage Complete
SKVC Sketch Vectors NBHD Neighborhood Code Number
TOPO Topography IMPR Improvement Code ACEIOVW
STRT Street Frontage Types UTIL Utilities
RFTY Roof Type RFMT Roof Materials
RSMF Basement Finishes FNDT Foundation Type
WLFN Wall Finishes FLFN Floor Finishes
FUEL HTAC Fuel Types HTAC Heat/Air Cond Types
BATH No. Bathrooms/Fixtures FRPL Number of Fireplaces
NOT1 Notes Field Number 1 NOT2 Notes Field Number 2
DES1 Additional Desc 1 DES2 Additional Desc 2
DES3 Additional Desc 3 DES4 Additional Desc 4
SKCO Sketch Comments OMAP Old Map Number
LISD Date Visited by Lister PAVL Prev Assessed Value Land
PAVB Prev Assessed Value Bldg PAVO Prev Assessed Value Other
GAFC Geographic Adj Factor AVAL Adjusted Appraised Value
CAVL Current Assessed Val Land CAVB Current Assessed Val Bldg
CAVO Current Assessed Val Other CVLM Current Value Market
CVLM Current Value Income LTYP Land Type A F L S V
LCLS Land Classification LGRD Land Grade
LADJ Land Adjustment Factor LAR1 Land Area/Width
LDEP Land Depth LRAT Land Rate Override
SCLS Structure Classes SGRD Structure Grades
SGRF Structure Grade Factors SCND Structure Condition EGAFP
SHGT Structure Wall Height STYH Structure Story Heights
SARE Structure Sketched Area SRAT Structure Rate Override
OCLS OFB Classes OLNG OFBT Length/Areas
OWID OFBT Widths ORAT OFBT Rate Override
OCND OFBT Condition CVDT Computer Valuation Date
EDCK Editing Clerk Initials BDRM Number of Bedrooms
ROOM Number of Rooms CNST Construction Style Code
BSMP Basement Area Percentage BSFP Finished Basement Percent
ATFP Attic Finish Percentage BSRP Basement Rec Room Percentage
UPCT Undivided Interest % USEC Parcel Use Codes Land Bldg
SALE Sales Amount SDAT Sales Date
DCOD Sales Validity/Type Code OGRD OFB Grade
ITBL Income Approach Table No IRNT Income Rent Per Month
IDIS Income Approach Tax Dist BAPC Basement and Attic %’s
DEED Deed Book and Page ACRE Total Computed Acreage
TLVA Total Heated Living Area UPTR Card1 Use Data Pointer
NPTR Next Card Pointer HOMR Home Card Record Number
CMPS Comparable Sales Record CMPA Comp Assessment Record
CVCK Computer Valuation Clerk EDDT Last Edit Date
ROUT Routing Number RVDT Scheduled Revisit Date
PFLG Special Property Flag CPCT % Interest Common Area
579
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PERSON COUNTY COMPUTER CODES (continued)
SCL2 Secondary Sketched Class CLSA Secondary Class Sketch A
CLSB Secondary Class Sketch B CLSC Secondary Class Sketch C
CLSD Secondary Class Sketch D CLSE Secondary Class Sketch E
CLSF Secondary Class Sketch F CLSG Secondary Class Sketch G
CLSH Secondary Class Sketch H CLSI Secondary Class Sketch I
DPRT Alt Depreciation Table # FRFT Alt Frontage/Depth Table #
AFCT Acre Size Adj Table # SFCC Sq Ft Table Lookup Number
VDFN Video Disk Frame Number INSP Interior Inspection Code
PMTD Permit Date Month/Year PMTA Permit Amount Thousands
PMTN Permit Number TRAC Table Lookup Override Acre
TCLS Property Tax Class Code APLC Appeal Code
APLD Appeal Date INTC Interim Code
INTD Interim Date SOIT Soil Type For Use Classes
SOIA Soil Acreage For Use CAVD Deferred Valuation
PLTR Alternate Reval Rec Flag HBTH Number of Half Baths
ADFX Additional Plumbing Fixt SHTA Segment Heat Air
SDIX Subdivision Index Number SDC1 Sale Disqualification Code
PERC Perimeter Class PERI Perimeter Footage
MSCD Misc Structure Code MSCQ Misc Structure Qtys
580
278
GENERAL CLASSIFICATION OF REAL AND TANGIBLE
PERSONAL PROPERTY
581
279
GENERAL CLASSIFICATION OF REAL AND TANGIBLE PERSONAL PROPERTY
REAL PERSONAL DESCRIPTION
XX AIR CONDITIONING - BUILDING
XX AIR CONDITIONING - MANUFACTURING/PRODUCT
XX AIR CONDITIONING - WINDOW UNITS
XX AIRPLANES
XX ALARM SYSTEMS (SECURITY OR FIRE) & WIRING
XX ASPHALT PLANTS
XX ATM - ALL EQUIPMENT
XX ATM - SELF STANDING BOOTHS ATTACHED TO LAND
XX AUTO EXHAUST SYSTEMS FOR BUILDING
XX AUTO EXHAUST SYSTEMS FOR EQUIPMENT
XX AWNINGS
XX BALERS (PAPER, CARDBOARD, ETC.)
XX BANK TELLER COUNTERS-SERVICE AREA & RELATED
XX BANK TELLER LOCKERS-MOVEABLE OR BUILT-IN
XX BAR AND BAR EQUIPMENT-MOVEABLE OR BUILT-IN
XX BARNS
XX BILLBOARDS
XX BOATS AND MOTORS-ALL
XX BOILER-FOR SERVICE OF BUILDING
XX BOILER-PRIMARILY FOR PROCESS
XX BOWLING ALLEY LANES
XX BROADCASTING EQUIPMENT
XX C-I-P EQUIPMENT
XX CABINETS
XX CABLE TV DISTRIBUTION SYSTEMS
XX CABLE TV EQUIPMENT & WIRING
XX CABLE TV SUBSCRIBER CONNECTIONS
XX CAMERA EQUIPMENT
XX CANOPIES-FABRIC, VINYL, PLASTIC
XX CANOPIES-GENERAL
XX CANOPY LIGHTING
XX CAR WASH-ALL EQUIPMENT, FILTERS & TANKS
XX CARPET-INSTALLED
XX CATWALKS
XX CEMENT PLANTS
XX CHAIRS-ALL TYPES
XX CLOSED CIRCUIT TV
XX COLD STORAGE-EQUIPMENT, ROOMS, PARTITIONS
XX COMPRESSED AIR OR GAS SYSTEMS(OTHER THAN BLDG HEAT)
XX COMPUTER ROOM A/C
XX COMPUTER ROOM RAISED FLOOR
XX COMPUTER SCANNING EQUIPMENT
XX COMPUTERS AND DATA LINES
XX CONCRETE PLANTS
XX CONSTRUCTION AND GRADING EQUIPMENT
XX CONTROL SYSTEMS-BUILDING AND EQUIPMENT
XX CONVEYOR & MATERIAL HANDLING SYSTEMS
XX COOLERS-WALK-IN OR SELF-STANDING
XX COOLING TOWERS-PRIMARY USE FOR BUILDING
XX COOLING TOWERS-PRIMARY USE IN MANUFACTURING
XX COUNTERS/RECEPTION DESKS-MOVEALBE OR BUILT-IN
XX DAIRY PROCESSING PLANTS-ALL PROCESS ITEMS, BINS, TANKS
XX DANCE FLOORS
XX DATA PROCESSING EQUIPMENT-ALL ITEMS
XX DELI EQUIPMENT
XX DESK-ALL
582
280
XX DIAGNOSTIC CENTER EQUIPMENT-MOVEABLE OR BUILT-IN
REAL PERSONAL DESCRIPTION
XX DISPLAY CASES-MOVEABLE OR BUILT-IN
XX DOCK LEVELERS
XX DRAPES & CURTAINS, BLINDS, ETC
XX DRINKING FOUNTAINS
XX DRIVE-THRU WINDOWS-ALL
XX DRYING SYSTEMS-PROCESS OR PRODUCT
XX DUMPSTERS
XX DUST CATCHERS, CONTROL SYSTEMS, ETC
XX ELECTRONIC CONTROL SYSTEMS
XX ELEVATORS
XX ESCALTORS
XX FARM EQUIPMENT-ALL
XX FENCING-INSIDE
XX FENCING-OUTSIDE
XX FLAGPOLE
XX FOUNDATIONS FOR MACHINERY AND EQUIPMENT
XX FREIGHT CHARGES
XX FUELS-NOT FOR SALE(LIST AS SUPPLIES)
XX FURNACES-STEEL MILL PROCESS, ETC
XX FURNITURE AND FIXTURES
XX GAZEBOS
XX GOLF COURSE AND IMPROVEMENTS(DRAINAGE/IRRIGATION)
XX GRAIN BINS
XX GREENHOUSE BENCHES, HEATING SYSTEM, ETC
XX GREENHOUSE-STRUCTURE IF PERM. AFFIXED
XX HEATING SYSTEMS, PROCESS
XX HOPPERS-METAL BIN TYPE
XX HOSPITAL SYSTEMS, EQUIPMENT & PIPING
XX HOT AIR BALLOONS
XX HOTEL/MOTEL TELEVISIONS & WIRING
XX HUMIDIFIERS-PROCESS
XX INCINERATORS-EQUIPMENT AND/OR MOVEABLE
XX INDUSTRIAL PIPING-PROCESS
XX INSTALLATION COST
XX IRRIGATION EQUIPMENT
XX KILN HEATING SYSTEM
XX KILNS-METAL TUNNEL OR MOVEALBE
XX LABORATORY EQUIPMENT
XX LAGOONS/SETTLING PONDS
XX LAUNDRY BINS
XX LAW & PROFESSIONAL LIBRARIES
XX LEASED EQUIPMENT-LESSOR OR LESSEE POSSESSION
LEASEHOLD IMPROVEMENTS(LIST IN DETAIL YEARLY)
XX LIFTS-OTHER THAN ELEVATOR
XX LIGHTING-PORTABLE, MOVEALBE, SPECIAL
XX LIGHTING-YARD LIGHTING
XX MACHINERY AND EQUIPMENT
XX MEDICAL EQUIPMENT
XX MILK HANDLING-MILKING, COOLING, PIPING, STORAGE
XX MINERAL RIGHTS
XX MIRRORS(OTHER THAN BATHROOM)
XX MONITORING SYSTEMS BUILDING OR EQUIPMENT
XX NEWSPAPER STANDS
XX NIGHT DEPOSITORY
XX OFFICE EQUIPMENT-ALL
XX OFFICE SUPPLIES(LIST AS SUPPLIES)
XX OIL COMPANY EQUIPMENT-PUMPS, SUPPLIES, ETC.
583
281
XX OVENS-PROCESSING/MANUFACTURING
REAL PERSONAL DESCRIPTION
XX PACKAGE AND LABELING EQUIPMENT
XX PAGING SYSTEMS
XX PAINT SPRAY BOOTHS
PAINTING-NO ADDED VALUE
XX PARTITIONS - MOVEABLE
XX PAVING
XX PIPING SYSTEMS-PROCESS PIPING
XX PLAYGROUND EQUIPMENT-ALL
XX PNEUMATIC TUBE SYSTEMS
XX PORTABLE BUILDINGS
XX POWER GENERATOR SYSTEMS(AUXILLARY, EMERGENCY, ETC.)
XX POWER TRANSFORMERS-EQUIPMENT
XX PUBLIC ADDRESS SYSTEMS(INTERCOM, MUSIC, ETC)
XX RAILROAD SIDINGS(OTHER THAN RAILROAD-OWNED)
XX REFRIGERATION SYSTEMS-COMPRESSORS, ETC.
XX REPAIRS-BUILDING
XX REPAIRS-EQUIPMENT (50% COST)
XX RESTAURANT FURNITURE (INCL. ATTACHED FLOOR OR BLDG.)
XX RESTAURANT/KITCHEN EQUIP. VENT HOODS, SINKS, ETC(COMMERCIAL)
XX RETURNABLE CONTAINERS
XX ROLL-UP DOORS(INSIDE WALL)
XX ROLL-UP DOORS(OUTSIDE WALL)
XX ROOFING
XX ROOM DIVDERS/PARTITIONS-MOVEABLE OR BUILT-IN
XX ROOMS SELF-CONTAINED OR SPECIAL PURPOSE(WALLS, CEILING, FLOOR)
XX SAFES WALL OR SELF-STANDING
XX SALES/USE TAX
XX SATELLITE DISHES(ALL WIRING & INSTALLATION TO TV & EQUIPMENT)
XX SCALE HOUSES(UNLESS MOVEABLE)
XX SCALES
XX SECURITY SYSTEMS
XX SERVICE STATIONS EQUIPMENT-PUMPS, TANKS, LIFTS & RELATED
XX SEWER SYSTEMS
XX SHELVING
XX SIGNS ALL TYPES INCLUDING ATTACHED TO BUILDING
XX SINKS-BATHROOM
XX SINKS-KITCHEN AREA
XX SOFTWARE-CAPITALIZED
XX SOUND SYSTEMS & PROJECTON EQUIPMENT
XX SPARE PARTS-LIST AS SUPLLIES
XX SPEAKERS-BUILT-IN OR FREESTANDING
XX SPRAY BOOTHS
XX SPRINKLER SYSTEM-ATTACHED TO PRODUCT STORAGE RACKS
XX SPRINKLER SYSTEM-BUILDING
XX SUPPLIES(OFFICE & OTHER)
XX SWIMMING POOLS
XX TANKS(ALL-ABOVE & BELOW GROUND)
XX TELEPHONE SYSTEMS & WIRING-PRIVATE
XX THEATRE SCREENS-INDOOR
XX THEATRE SCREENS-OUTDOOR
XX THEATRE SEATS
XX TOOLING, DIES, MOLDS
XX TOWERS-MICROWAVE, EQUIPMENT, WIRING & FOUNDATION
XX TOWERS-TV, RADIO, CATV, TWO-WAY RADIO, WIRING & FDN
XX TRANSPORTATON COST-ALL
XX TUNNELS-UNLESS PART OF PROCESS SYSTEM
584
282
XX UPGRADES TO EQUIPMENT
XX VACUUM SYSTEM, PROCESS
XX VAULT
REAL PERSONAL DESCRIPTION
XX VAULT DOOR, INNER GATES, VENTS & EQUIPMENT
XX VENDING MACHINES
XX VENT FANS
XX VENTILATION SYSTEM-GENERAL BUILDING
XX VENTILATION SYSTEMS-NEEDED FOR MANUFACTURING, PROCESS
XX VIDEO TAPES/MOVIES/REEL MOVIES
XX WALLCOVERING
XX WALLS-PARTITIONS, MOVEABLE & ROOM DIVIDERS
XX WATER COOLERS-ALL
XX WATER LINES-FOR PROCESS ABOVE OR BELOW GROUND
XX WATER SYSTEM-RESIDENTIAL OR GENERAL BUILDING
XX WATER TANKS & SYSTEM-FOR PROCESS EQUIPMENT
XX WHIRLPOOL/JACUZZI/HOT TUBS
XX WIRING-POWER WIRING FOR MACHINERY AND EQUIPMENT
585
PROCLAMATION
“Cares Enough to Wear Pink Days”
WHEREAS, Guardians of the Ribbon Inc.,/DBA Pink Heals Tour is a national, non-
profit organization consisting of firefighters, police officers, EMTs and leaders in the
community whose sole purpose is raising awareness for the fight against cancer; and
WHEREAS, in September, 2007, the “Pink Heals Tour” began, encouraging public
safety professionals, local leaders and citizens throughout the community to wear pink in
honor of all women and to join forces to help them in their fight against cancer; and
WHEREAS, the spirit of this campaign is to fight for those who have lost the ability to
fight for themselves; asking for public support and raising understanding and awareness
to all citizens; and
WHEREAS, anything is possible when good people devote themselves to a cause that
does so much good and benefits so many; and
WHEREAS, the “Cares Enough to Wear Pink” campaign honors all women and
recognizes the need to come together as a collective group and help with the fight against
cancer, reminding future generations that people who are not affected by an illness can
come together for those who are.
NOW, THEREFORE, the Person County Board of Commissioners, and I, Jimmy B.
Clayton, Chairman do hereby proclaim October 25-27, 2012 as “Cares Enough to
Wear Pink Days” in Person County.
Adopted this, the 17th day of September, 2012.
____________________________________
Jimmy B. Clayton, Chairman
Person County Board of Commissioners
Attest:
____________________________________
Brenda B. Reaves, Clerk to the Board
586
RESOLUTION
Craven County 300th Anniversary
WHEREAS, Craven County was created in1712 as Craven Precinct, extending into what is
now eastern Tennessee; and
WHEREAS, most of North Carolina's counties to the south and west of Craven County can
trace their lineage to Craven County; and
WHEREAS, Craven County is home to the first American born Governor of North
Carolina, Richard Dobbs Spaight, and the most recent Governor of North Carolina, Beverly
Perdue; and
WHEREAS, Craven County has been blessed with outstanding citizens and leaders over
the last 300 years, who have made significant contributions to the State of North Carolina,
including C.E. Foy, "Father" of the North Carolina Association of County Commissioners
and Abner Nash, second Governor of North Carolina; and
WHEREAS, the 300th anniversary of Craven County is being celebrated throughout the
year with a variety of community generated learning opportunities; and
WHEREAS, on September 22, 2012, coinciding with the anniversary of the start of the
Tuscarora War, Craven County will celebrate its rich and diverse heritage at a countywide
event that will acknowledge the vital contributions of all its citizens, cities, towns and
hamlets in the county's development.
NOW, THEREFORE, BE IT RESOLVED that the Person County Board of County
Commissioners does hereby recognize and celebrate the many accomplishments and
contributions made by Craven County in tribute to its 300 years of existence to their
community, neighboring counties and across the state of North Carolina.
Adopted, this, the 17th day of September, 2012.
Person County Board of Commissioners
__________________________________
Jimmy B. Clayton, Chairman
Attest:
__________________________________
Brenda B. Reaves, Clerk to the Board
587
Upon a motion by Commissioner __________________________, and a second by Commissioner
_____________________________ and majority vote, the Board of Commissioners of Person County
does hereby amend the Budget of the General Fund(s) on this, the 17th day of September 2012, as follows:
Dept./Acct No.Department Name Amount
Incr / (Decr)
EXPENDITURES General Fund
General Government 134,916
Public Safety 49,030
Transportation 21,840
Economic Development 2,503
Environmental Protection 314
Human Services 13,468
Culture & Recreation 3,735
Contingency (229,718)
Transfer to Other Funds 5,277
Person Industries & MRF Fund
Person Industries 4,334
PI MRF 943
Airport Capital Construction Project Fund (1,219,642)
REVENUES General Fund
Other Revenues 1,365
Person Industries & MRF Fund
Transfer from Other Funds 5,277
Airport Capital Construction Project Fund
Intergovernmental Funds (1,097,679)
Investment Income (121,963)
Explanation:
BUDGET AMENDMENT
Appropriating the transactions needed to transfer the cost associated with the property and liability
insurance from the Contingency Insurance line (-$229,718) along with the interfund transfers to
various departments in the General Fund ($229,718) and transfers to Person Industries Fund (5,277);
donations received in the Library Fund for program supplies ($1,365); and the closeout of four Airport
projects including the Approach Lighting, 2007 & 2008 Vision, and Runway Approach Survey projects
in the Airport Capital Construction Fund (-$1,219,642).
Budget Amendment 4588