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1999-10-26 CC Workshop Meeting
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1999-10-26 CC Workshop Meeting
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12/22/2009 10:34:47 AM
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services, fees, costs or credits involved in the transaction. <br /> • <br /> Personal Property: <br /> (Appraisal Standard #13) <br /> The scope of this appraisal assignment does not include the valuation of personal property. <br /> Listing, Options. or Contracts: <br /> The subject property, according to Jim March, is not listed, nor are there any options or contracts. <br /> Zoning_ <br /> The subject property is currently zoned P -1, a Public /Semi- Private zoning designation. It is so zoned <br /> due to its use as a public works site for the City of Centerville. According to Jim March, the likely <br /> new zoning would be Commercial or Mixed Use. A special and new zoning district would be <br /> created as the subject would be for the purpose of redevelopment. The redevelopment district will <br /> most likely be ambiguous, to allow for a wide potential of uses that would be complimentary to the <br /> surrounding area. Suitable uses were discussed with Mr. March, who indicated uses from <br /> commercial to even a high- density residential use, such as suitable for apartments. The exact end - <br /> use would be decided upon a plan being submitted by a developer and approved by the city. Since <br /> this redevelopment district would have a wide potential of varied uses, the land value typically is <br /> based on its projected end use. <br /> Description of the Extent of the Process of Co ing. and Reporting Data: <br /> General Data: We investigated only a limited amount of general data. We now the area quite well <br /> and understand the supply /demand relationship and economic trends of the neighborhood. <br /> Additional study was not needed. <br /> Comparable Sales: The comparable sales were located from Plat System's Inc., a local on -line data <br /> base of sales, and the Regional Multiple Listing Service. We also obtained land sales from Glenn <br /> Rehbien and Gerald Rehbien. Primary search criteria for comparable selection was similar -sized <br /> commercial sites or similar -sized high- density residential sites. We could located an adequate <br /> amount of similar commercial sales, but could not located any high- density residential sales. <br /> Subject Property Data: We have relied on information from a site inspection, as well as public <br /> county and city records. Additionally, we have analyzed neighborhood/locational influences, and <br /> current market trends. <br /> 5 <br /> • <br />
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