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October 17, 2011 (Regular Meeting) removed. Page 674 Example: The lot has a base price of $80,000 and a 90% condition for size yielding a total land value of $72,000 and it is determined that the lot will require a Drip System, calculate the NCSS factor $24,000/$72,000 = -33% or 67% good, total adjustment for the parcel is rounded to 65% NCSS /SIZE. Note the amount of NCSS adjustment in the land line note field, the amount of the NCSS adjustment is the difference between the original condition factor 90% and the new Condition factor 650 or 90% - 65% = 25% NCSS /SIZE. Example (Cont.) Land line prior to adjustment: [0100] [LDR ] [100] [ 2001 [1.000][01 [.90] [SIZE] [RP] [80000.00] [1.000] [LT] [ ] Land line after adjustment: [0100] [LDR ] [100] [ 2001 [1.000] [0] [.65] [PERK /SIZE][RP] [ 80000.001 [ 1.0001 [LT] [ -25 NCSS] Adjustments for Lots Unsuitable for Septic when sewer is not available: (PERK) No Suitable System Available -70% of the base lot value or 30% Condition Found Unsuitable in the Past -20% of the base lot value or 80% Condition (Alternative Systems Unknown) (Not to exceed $24,000) The PERK factor should be netted against any existing condition factor. Once public sewer is available this adjustment is to be removed. Example: The lot has a base price of $80,000 and a 110% condition for size yielding a total land value of $88,000 and it is determined that the lot is unsuitable for any type of septic system, the PERK adjustment is -70% or 30% good, total adjustment for the parcel is 30% x 110% = 33% rounded to 35% PERK /SIZE. Note the amount of PERK adjustment in the land line note field. Land line prior to adjustment: [0100] [LDR] [100] [ 2001 [1.000] [0] [1.10] [SIZE] [RP] [80000.00] [1.000] [LT] [ ] Land line after adjustment: [0100] [LDR ] [100] [200] [1.000] [0] [.35] [PERK /SIZE ][RP] [ 80000.001 [1.000] [LT] [ -70 PERK] Access: Price based on typical access for the area and adjusts non - typical based on the area market or using Land Model 4 or 8 factors if area market information is not available. LAND MODEL O1 - 03 - Front Foot Value Pricing CALCULATION FOR VARIOUS LOT SHAPES The following grouping of regular and irregular- shaped lots has been prepared to illustrate lot shapes most frequently encountered and the method of computing their value when pricing by the front foot. Note: The Land Model 2 chart for a standard lot depth of 150 - feet and a unit front foot value of $100.00 have been used in all of the calculations. Site suitability for a septic system when sewer is not available: See Land Model 00 on the previous page. LAND MODEL O1 - 03 EXAMPLE 1 - (LINE 1 RECTANGULAR LOT RULE: Use frontage and 100% EXAMPLE 2 - (LINE 2 RECTANGULAR LOT RULE: Use frontage and 100% condition factor condition factor