Browse
Search
Agenda - 05-27-1986
OrangeCountyNC
>
Board of County Commissioners
>
BOCC Agendas
>
1980's
>
1986
>
Agenda - 05-27-1986
Metadata
Thumbnails
Annotations
Entry Properties
Last modified
10/11/2016 10:00:47 AM
Creation date
9/22/2016 9:57:01 AM
Metadata
Fields
Template:
BOCC
Date
5/27/1986
Meeting Type
Special Meeting
Document Type
Agenda
There are no annotations on this page.
Document management portal powered by Laserfiche WebLink 9 © 1998-2015
Laserfiche.
All rights reserved.
/
170
PDF
Print
Pages to print
Enter page numbers and/or page ranges separated by commas. For example, 1,3,5-12.
After downloading, print the document using a PDF reader (e.g. Adobe Reader).
View images
View plain text
6. IV-B-7-6-5 Payments In Lieu 21 Dedication <br /> This section has been amended to require payment- in-lieu 105 <br /> when no dedication was required in accord with the <br /> adopted Land Use Plan . The section has also been amended <br /> with respect to the basis for determining "fair market <br /> value" . Discussions with the Tax Supervisor have <br /> indicated that a simpler method for calculating fair <br /> market value is through the use of the following formula: <br /> Current Tax Appraisal : Current Assessment Ratio <br /> The current assessment ratio (70% countywide) recognizes <br /> the increase in land values since the 1981 revaluation. <br /> This figure would be adjusted annually to reflect changes <br /> in land value. Its use would remove the need for a <br /> property owner to have an appraisal of property and for <br /> the County to hire a review appraiser. <br /> An example of the application of this method is as <br /> follows: <br /> Land Area ( in acres) 178.48 <br /> Current Tax Appraisal $322, 164 <br /> Divided by: Current Assessment Ratio .70 <br /> Fair Market Value $460,234 <br /> Per Acre Value $2,578 <br /> Number of Lots (R-1 ) 164 <br /> 1/35th Land Requirement ( in acres) 4.92 <br /> Payment- In-Lieu $12,683 <br /> Payment Per Unit $77 <br /> Other provisions which have been added to this section <br /> include time of payment- in-lieu (at time of final plat <br /> approval or within one year of approval of preliminary <br /> plat) , authority of County to sell dedicated land if <br /> decision is made not to develop or use for recreation <br /> purposes, and ability to secure combination <br /> dedication/payment- in- lieu . <br /> Other than the "major" changes identified above, <br /> typographical errors and minor wording problems have been <br /> corrected . One other concern voiced at the public hearing has <br /> been addressed - holding of disparate parcels until development <br /> occurs . Contacts have been made with the Triangle J Land <br /> Conservancy, and they have indicated a willingness to hold the <br /> land in trust until the County is ready to develop same. The <br /> Cary Recreation Director did indicate that liability/maintenance <br /> responsibilities are almost non-existent and as long as the <br /> Jurisdiction responds to identified problems, there can be no <br /> legitimate claims of negligence. <br />
The URL can be used to link to this page
Your browser does not support the video tag.