cabarrus county board of commissioners regular meeting november ...

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October 17, 2011 (Regular Meeting)PageTees Points Rough Points General PointsNumber Width Cart PathsSize Topo/Berms Bridges/TunnelsGrass Cuts Total 0Total 0 GrassTotal 0 Practice Facilities PointsFairways PointsDriving RangeLength/Width Greens Points Putting GreenYardage Markers Construction Sand Traps/Chipping AreaGrass Grass Total 0Total 0 SizeTopo/TiersHazards Points Total 0 Turf Care PointsBunkersLandscapingWater/WetlandsIrrigationTrees/ShrubsTypeTotal 0 RowsTotal0Quality Point RangeTotal Points 0 AA 90-100pts00ptsA 80-90ptsB 70-79ptsC55-69ptsD40-54ptsE0-40ptsSee Chapter 11 – Golf Courses for the appropriate pricing schedule based onthe total points for each golf course.Chapter 10STATISTICS AND THE APPRAISAL PROCESSPREFACELike many of the technical aspects of appraising, such as income valuation,you have to work with and use statistics before you can really begin tounderstand what they tell you about your data. The point is that justbecause you are not familiar with these tools, do not be hesitant in trying afew simple ones as you will soon gain mastery thereof and seek out new andbetter tools.INTRODUCTIONDRAFTFTSTATISTICS AND THE APPRAISAL PROCESSStatistics offer a way for the appraiser to qualify many of the heretoforequalitative decisions which he has been forced to use in assigning values.In the process, he can learn more about how the data he uses behaves as wellas how it relates to the property valuation at fair market.This brings us to the definition of that word "STATISTICS". A statisticalmeasure or "statistic" is a tool that helps you better describe thecharacteristics of a set of data, such as the relationship of sale price toappraised value.While useful, a far more technical and comprehensive definition isappropriate rather than the more simplistic one given above, namely,"statistics is the theory and method of analyzing quantitative data obtainedfrom samples of observations in order to study and compare sources ofvariance of phenomena, to help make decisions to accept or rejectA-1Page 142
October 17, 2011 (Regular Meeting)Pagehypothesized relations between the phenomena, and to aid in making reliableinferences from empirical observation." The preceding, from FOUNDATIONS OFBEHAVIORAL RESEARCH by Fred N. Kerlinger, states very well what statisticsare, their usefulness, and implications for our work. His book is highlyrecommended to all who wish to gain an understanding of many statisticaltools and the requisite knowledge of the "scientific method" of constructingcases for analysis. A somewhat less advanced text for the beginner is ANINTRODUCTION TO BUSINESS AND ECONOMIC STATISTICS by John R. Stockton.It is not our intent to try and present a programmed text to teach statisticsbut we will hopefully indicate which are useful where and what they tell theproperty appraiser about his values.STATISTICS AND THE APPRAISAL PROCESSSales offer the only real set of data which can be established as indicatingmarket value for properties. Appraisals which are done to supplement salesas parcels to which one may relate for purposes of comparison are merelyattempts to predict what the sales price would be should that parcel actuallysell. It is our belief that surrogates for actual sales are needed only whenparcels (for a class) show a statistically insignificant number of sales.Particularly for single family residential properties sales are usuallyalways available and are in most cases legitimate arm's length transactions.The most frequently asked question is usually "Where am Iin relation tomarket?" There are ways of describing this relationship; each of which willhelp you understand "where" you are in relation to the market.Level of assessment in relation to market is one part of theanswer. It isusually expressed as a ratio of appraised values to sale values. Commonmeasures of this ratio, overall, for a county are"MEAN", MEDIAN, "MEASURESOF CENTRAL TENDENCY", and "PRICE RELATED ED DIFFERENTAL".SIMPLE OR UNWEIGHTED MEANThis measure is found by dividing iding the sum of allindividual sales by thenumber of sales. That is, given the following hypothetical list of sales,compute the means:OBSERVATION NUMBER SALE PRICE PRRAAPPRAISED VALUE SALES RATIO1 $22,600.$21,500. 95 %2 31,000.28,600. 923 37,800.34,000. 904 38,400. 33,000. 865 34,300. 29,500. 866 20,000. 16,000. 807 13,000. 9,800. 758 18,700. 13,500. 729 26,900. 17,200. 6410 40,800. 24,500. 60Mean Sale Ratio = 800/10 = 80%.$283,500. $227,600. 800 %Mean Appraised Value = $227600/10 = $22,760.Mean Sales Price = $283500/10 = $28,350.As you can see, there are several "MEANS" which may be computed; each ofwhich is an expression of central tendency.There is another type of mean called a WEIGHTED MEAN which reflects theimpact of the dollar magnitude of the values in the calculation of the mean.It is obtained by dividing the total of all appraised (or assessed) values bythe total of all sales prices. For example:$227,600/$283,500 = 8.3%or in the previous example:RATOTAL ASSESSED VALUE/TOTAL SALES PRICE = weighted meanThis measure is affected by large values which have a proportionately greaterA-1Page 143
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CABARRUS COUNTYBOARD OF COMMISSIONE
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2. Library - Annual State Report3.
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October 3, 2011 (Work Session)PageT
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Attachment number 1F-1Page 243
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STATE OF NORTH CAROLINACOUNTY OF ME
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2.8. “Operator” means either Ch
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3.6. Payment of Radio Service Fees.
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have access to the Radio System ide
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Phone:704-336-3012Fax:E-Mail: cwhit
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foregoing, a Force Majeure Event ma
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ATTESTED:BY:_______________________
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Exhibit AFCC LicensesSee attached A
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Exhibit CService Description and Se
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1.3. Strategic Planning.1.3.1. Desi
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Service Level for EmergencyService
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Exhibit DFEES FOR EQUIPMENT MAINTEN
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Charlotte CIT Support $126,033This
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7. N.C. Gen. Stat. §153A-445 (a)(l
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10. Governing Law. This Intra-Inter
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CITY OF KANNAPOLISATTEST:By:By:Name
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Kannapolis City Schools100 DENVER S
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Office of the County ManagerOctober
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YesCOUNTY MANAGER'S RECOMMENDATIONS
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BUDGET AMENDMENT:Date: 10/24/2011 A
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Summary of Releases and Refunds for
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CHAPMAN CALEB SCOTT 2010-555202 C G
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MANTO JENNIFER LAUREN 2011-569510 P
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SUPERIOR INDUSTRIAL MAINTENANC 2011
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ATTACHMENTSProject DescriptionG-1Pa
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Attachment number 1G-1Page 349
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Grant Number 2011-047-19GRANT AGREE
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Section VI. Independent Status of t
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Section IX. Subcontracting.A. The G
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Section XIII. Entire Agreement.A. T
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Section XVII. Construction.This Agr
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GRANTEE’s website, news releases,
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Contribution from Capital Reserve $
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ADULT CARE HOME COMMUNITY ADVISORY
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Adult Care Home Community Advisory
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ATTACHMENTSRosterApplications on Fi
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NURSING HOME COMMUNITY ADVISORY COM
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Dashboard Report for Cabarrus Count
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30 Director's salary as of July 1,
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100 Grand Total Circulation: Branch
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152 Public Service Hours Per Year15
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Table of Contents1. Introduction ..
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Review of Major Milestones for theC
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The themes generated from this exer
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Soft skills needed )nternal Assessm
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VisioningNext, participants were in
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3. Recreational4. Policy revisions
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Mission StatementThe CSLE separated
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1 MinuteSUBMITTED BY:Kay Honeycutt,
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some or all of that spending from o
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V-8 STMAY STDAKOTA STS RIDGE AVECON
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Office Use OnlyDATE RECEIVED:Applic
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Attachment number 5I-5Page 449
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