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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 46 <br />the period covered by our analysis will vary from our estimates, and the variations may be <br />material. <br />18. The Americans with Disabilities Act (ADA) became effective January 26, 1992. We have not <br />made a specific survey or analysis of the property to determine whether the physical aspects <br />of the improvements meet the ADA accessibility guidelines. We claim no expertise in ADA <br />issues, and render no opinion regarding compliance of the subject with ADA regulations. <br />Inasmuch as compliance matches each owner's financial ability with the cost to cure the non- <br />conforming physical characteristics of a property, a specific study of both the owner's financial <br />ability and the cost to cure any deficiencies would be needed for the Department of Justice to <br />determine compliance. <br />19. The appraisal report is prepared for the exclusive benefit of the Client, its subsidiaries and /or <br />affiliates. It may not be used or relied upon by any other party. All parties who use or rely <br />upon any information in the report without our written consent do so at their own risk. <br />20. No studies have been provided to us indicating the presence or absence of hazardous <br />materials on the subject property or in the improvements, and our valuation is predicated <br />upon the assumption that the subject property is free and clear of any environment hazards <br />including, without limitation, hazardous wastes, toxic substances and mold. No <br />representations or warranties are made regarding the environmental condition of the subject <br />property and the person signing the report shall not be responsible for any such <br />environmental conditions that do exist or for any engineering or testing that might be <br />required to discover whether such conditions exist. Because we are not experts in the field of <br />environmental conditions, the appraisal report cannot be considered as an environmental <br />assessment of the subject property. <br />21. The person signing the report may have reviewed available flood maps and may have noted in <br />the appraisal report whether the subject property is located in an identified Special Flood <br />Hazard Area. We are not qualified to detect such areas and therefore do not guarantee such <br />determinations. The presence of flood plain areas and /or wetlands may affect the value of the <br />property, and the value conclusion is predicated on the assumption that wetlands are non- <br />existent or minimal. <br />22. Integra Realty Resources — Charlotte is not a building or environmental inspector. Integra <br />Charlotte does not guarantee that the subject property is free of defects or environmental <br />problems. Mold may be present in the subject property and a professional inspection is <br />recommended. <br />23. The appraisal report and value conclusion for an appraisal assumes the satisfactory <br />completion of construction, repairs or alterations in a workmanlike manner. <br />24. It is expressly acknowledged that in any action which may be brought against Integra Realty <br />Resources — Charlotte, Integra Realty Resources, Inc. or their respective officers, owners, <br />managers, directors, agents, subcontractors or employees (the "Integra Parties "), arising out <br />of, relating to, or in any way pertaining to this engagement, the appraisal reports, or any <br />estimates or information contained therein, the Integra Parties shall not be responsible or <br />liable for any incidental or consequential damages or losses, unless the appraisal was <br />fraudulent or prepared with gross negligence. <br />The Glenn Center <br />irr <br />Attachment number 1 <br />H -5 Page 379 <br />
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