cabarrus county board of commissioners regular meeting november ...

October 17, 2011 (Regular Meeting)PageEXTRA FEATURES:Bank Features Paving Sprinkle SystemsBoat Ramps and Docks Pools TanksElevators and Escalators Railroad Spurs Tennis CourtsFences Refrigeration Coolers Weigh ScalesPatios Silos Yard LightsALL FIELDS MUST BE ENTEREDCODE: You may place an appropriate code in this field and thecomputer will automatically fill in the description, sizeadjustment table and depreciation. See chapter 11 of thismanual for OBXF codes.GRADE You may place an appropriate grade in this field and thecomputer will automatically fill in the unit price. Seechapter 11 of this manual for OBXF pricing grades.DESCRIPTION: Use an alpha-numeric entry, maximum of 10 characters, todescribe the extra features. If your county is set up to usethe table feature, it will be necessary for you to use specialcodes in this field. (See County Specification sheet, chapter11, for this option.) DO NOT FILL OUT IF "CODE" IS ENTERED.LENGTH:WIDTH:OB/XF UNITS:If available, this data should be filled in.If available, this data should be filled in.The total units by which the extra feature isvalued must beentered here. If the length andwidth dimensions are enteredthis field must be left blankifyou wish the system tocalculate the number of units. If length and width areentered in addition to the totalnumber of units, the systemwill not calculate the total numberof units but will use thetotal number of units that have beenentered. This field mayONLY be left blank when length and width are entered.OB/XFUNIT PRICE: The per unit price bywhichthe Other Building or ExtraFeature is valued will beentered here from the tables in theAppendix by the computer when the CODE is given, otherwise youmust fill l out completely.% COND: Percent Condition.Enter the percent condition of the extrafeature when it waspicked up on the form. When the total ofthe annual depreciation is multiplied by the original percentcondition it yields the net percent good which is multipliedtimes the replacement cost to give the depreciated replacementcost.DRAFTYR.BLT: Year Built, Actual, Effective. For Actual year built, enterthe year the item was initially recorded. Effective yearbuilt indicates the year from which depreciation will bebased.%DEP OVRDEP.RATE:OVR VALUETR1A depreciation rate entered here will override the standardrate used for the OBXF Code.An ANNUAL depreciation rate for each extra feature and specialbuilding will be entered based on the CODE. If there is nocode you must enter depreciation rate per year and it cannotexceed 99.00% per year and should be zero filled if no otherentry is called for.Override Value, instead of using the pricing schedules you mayplace a value on the OB/XF by entering the desired price inthe OB/XF OVR VALUE field.Use this field to define how this value will be counted on theTR1 Report.STRUCTURAL ELEMENTSThis section covers the structural characteristics which you are to record.Because the data applicable to commercial and industrial buildings is notA-1Page 105