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October 17, 2011 (Regular Meeting) Page 688 [0120] [LDR ] [ 6201 [ ] [1.160] [4] [ .801 [ +00 +00 +00 +00 +00][RP] [ 10000.001 [ 10.0001 [AC] [ ] Example 2 - All acreage unsuitable: All 5 acres of a 5 acre parcel has been tested and rejected for all systems and the existing condition factor is .75 for Access, Topo and Shape ; ( - 50% perk factor x 75% condition factor = - 37.5% say -38% perk) a -38 adjustment is added to the Topo adjustment for the parcel. Land line prior to adjustment: [0120] [LDR ] [ 3101 [ ] [1.320] [4] [ .751 [ +00- 05 +00 -10 -10 [RD] [ 10000.00] [ 5.0001 [AC] [ ] Land line after adjustment: [0120] [LDR ] [ 3101 [ ] [1.320] [4] [ .371 [ +00- 05 +00- 48- 10][RD] [ 10000.001 [ 5.0001 [AC] [ -38 PERK] Example 3 - Less than 20 acres with part of the acreage tested and found unsuitable: If a parcel is greater than 10 acres and has one building site approved then the 10 acres around the building site needs no adjustment and any remaining acreage that has been tested and failed is to be adjusted as follows. If 7.5 acres of a 15 acre parcel has been rejected for all systems; 10.0 acres will be priced at 100% and 5.0 of the acres (15 total ac - 10 ac homesite) that were rejected will be priced at -50% or (50% x 5.0 ac / 15 ac _ -16.7% Perk say -17% Perk). Net the Perk adjustment against the existing condition factor. By example if the 15 acre parcel has a factor of 0.85 for frontage and topo, calculate the adjusted perk factor as follows; ( - 16.7 PERK x 85% _ - 14.03) say - 14% Perk is added to the existing Topo adjustment for the parcel. Land line prior to adjustment: [0120] [LDR ] [ 3101 [ ] [1.320] [4] [ .851 [- 05 +00 +00- 10 +00][RP] [ 10000.001 [ 15.0001 [AC] [ ] Land line after adjustment: [0120] [LDR ] [ 3101 [ ] [1.320] [4) [ .711 [- 05 +00 +00- 24 +00][RP] [ 10000.00] [ 15.0001 [AC] [ -15 PERK] Example 4 - 20 acres or more with part of the acreage tested and found unsuitable: If 10.0 acres of a 200 acre parcel has been tested and found unsuitable for a conventional system but the suitability for non - conventional systems has not been explored; 190.0 acres will be priced at 100% and the 10.0 of the acres that were rejected will be priced at -20% or ((80% x 10.0) ac / 200 ac) _ -04% PERK) . Net the Perk adjustment against the existing condition factor. By example if the 200 acre parcel has a factor of 0.85 for frontage and topo, calculate the adjusted perk factor as follows; ( -04% PERK x 85% _ -3.40) say -03% Perk is added to the existing Topo adjustment for the parcel. Land line prior to adjustment: [0120] [LDR 7 [ 13101 [ ] [0.914] 141 [ .851 [- 05 +00 +00- 10 +00][RP] [ 10000.001 [ 200.0001 [AC] [ ] Land line after adjustment: [0120] [LDR ] [ 13101 [ ] [0.914] [4] [ .821 [- 05 +00 +00- 13 +00][RP] [ 10000.001 [ 200.0001 [AC] [ -03 PERK] FLOOD PLAIN ADJUSTMENTS: RURAL ACREAGE Land Model 04 Parcels located in municipal areas must have some Open Space when developed; therefore the flood plain may have a value as open space. Parcels that have flood plain should be adjusted according to the percentage of acreage that is actually within the flood plain area. If the flood plane is located in the back of the property or side of the property multiply the percent of flood plane by 20 %, if located across the middle multiply by 30 %, or if located on the front of the property multiply by 40 %. If the flood plain affects the road frontage so severely that it creates access problems you may need to add additional topo to adjust for the added cost of creating access to the property. Example 1: 100 acres with 22 acres in the flood plain located on the back of the property, 22/100 = 22% and 22% x 200 = 4.40% rounded to 5% topo. Example 2: 100 acres with 22 acres in the flood plain located on the middle of the property, 22/100 = 22% and 22% x 30% = 6.60% rounded to 7% topo.