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AG 2013 08 19
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AG 2013 08 19
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Last modified
12/4/2013 4:47:42 PM
Creation date
11/27/2017 10:59:19 AM
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Meeting Minutes
Doc Type
Minutes
Meeting Minutes - Date
8/19/2013
Board
Board of Commissioners
Meeting Type
Regular
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Assumptions and Limiting Conditions <br />45 <br />covers the property as described in this report, and the areas and dimensions set forth are <br />assumed to be correct. <br />7. No opinion is expressed as to the value of subsurface oil, gas or mineral rights, if any, and we <br />have assumed that the property is not subject to surface entry for the exploration or removal <br />of such materials, unless otherwise noted in our appraisal. <br />8. We accept no responsibility for considerations requiring expertise in other fields. Such <br />considerations include, but are not limited to, legal descriptions and other legal matters such <br />as legal title, geologic considerations such as soils and seismic stability, and civil, mechanical, <br />electrical, structural and other engineering and environmental matters. <br />9. The distribution of the total valuation in the report between land and improvements applies <br />only under the reported highest and best use of the property. The allocations of value for land <br />and improvements must not be used in conjunction with any other appraisal and are invalid if <br />so used. The appraisal report shall be considered only in its entirety. No part of the appraisal <br />report shall be utilized separately or out of context. <br />10. Neither all nor any part of the contents of this report (especially any conclusions as to value, <br />the identity of the appraisers, or any reference to the Appraisal Institute) shall be <br />disseminated through advertising media, public relations media, news media or any other <br />means of communication (including without limitation prospectuses, private offering <br />memoranda and other offering material provided to prospective investors) without the prior <br />written consent of the person signing the report. <br />11. Information, estimates and opinions contained in the report and obtained from third -party <br />sources are assumed to be reliable and have not been independently verified. <br />12. Any income and expense estimates contained in the appraisal report are used only for the <br />purpose of estimating value and do not constitute predictions of future operating results. <br />13. If the property is subject to one or more leases, any estimate of residual value contained in <br />the appraisal may be particularly affected by significant changes in the condition of the <br />economy, of the real estate industry, or of the appraised property at the time these leases <br />expire or otherwise terminate. <br />14. No consideration has been given to personal property located on the premises or to the cost <br />of moving or relocating such personal property; only the real property has been considered. <br />15. The current purchasing power of the dollar is the basis for the value stated in our appraisal; <br />we have assumed that no extreme fluctuations in economic cycles will occur. <br />16. The value found herein is subject to these and to any other assumptions or conditions set <br />forth in the body of this report but which may have been omitted from this list of Assumptions <br />and Limiting Conditions. <br />17. The analyses contained in the report necessarily incorporate numerous estimates and <br />assumptions regarding property performance, general and local business and economic <br />conditions, the absence of material changes in the competitive environment and other <br />matters. Some estimates or assumptions, however, inevitably will not materialize, and <br />unanticipated events and circumstances may occur; therefore, actual results achieved during <br />The Glenn Center <br />irr <br />Attachment number 1 <br />H -5 Page 378 <br />
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