Agenda - Council - 10/22/1985 - Laserfiche WebLink

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and othen factors may a~6¢ct the markct value of a bu~.e~ ~o~e than ~e ~pa~ of an adv~c rand ~e. So tl~e The evaluation process will be to: I. Dcte~m~e tl~e m~ket value of thc b~ncsscs in R~sey. 2. Dcvclop a ti~t of commotion fa~o~--p~a.~y to ~.~ toc~io~ fo~ th~ b~in~ in the comm~e~ b~ng com~ed. 3. Ev~e ~ch b~in~s above in t~ of the ~t of factor. 4. Se~e~ gen~ loc~o~ fo~ dev~o~e~rt of an business in the oth~ co~~~. 5. U~ze the Towle Company s~ff to ~bLL~h a m~k~ v~ue for ~e b~in~ if locked ~ the lo~o~ in the oth~ Grap/~c, tabula~ and brief text wil/ be used to document comparative market value. In order to assure a valid compa~on Zhat can withstand the careful scrutiny th~s study is likel~ to attract, we have determined that this portion of the ~tudy will require individual appraisa~ for each of the five businesses identified above. The,~e appra~ats wi~ be simi~ to those made for sellers buyers of commercial propert, ie~. The experiotce of the Towle Company in the Metropolitan A~ea wdll fac~e accurate judgement~ of market values if th~se businc~se~ weae located in the other compa,~ison communities. Extreme caution must be taken in releasing appra~al information. We ~trong£y recommend tl~zt the City 6ecure wr~en authorization from the prior to this point, ton of ~te study. In thi~ companion of developed commer~Lal/ind~t~al develop- ment witlr hypothetical, identical, develop~o~t in oth~ commu)~ties, 25 evaluation~ will be made as ~ollows: ~J~l~SE¥ COt~e~JNIT¥ 1 C~I44JNIT~ 2 COI~MUNIT¥ OEVELOP[0 C0~$4./[N0. ZONING ) - V~UE ~ALUE t~ V~UE ~% VALUE · dt~y 8'S ~rtcan Calm · Lelourn~au~ 5u~r Value .Mate Punch ~ O(m .Altron ,~enlng Brothers Insulation m