Business Maxims Jun 23, 2009
These include real property such as business premises and also the goodwill of a business. In certain circumstances shares in a company will also qualify as an active asset. (Sydney Morning Herald -- Business)
Open Space Commission conducts annual survey Jun 21, 2009
The fund receives one-half of one percent of the County s annual real property tax revenues. Recently, the County Council approved the use of $1. (Lihue Garden Island, HA)
Perry Vetoes 39 Bills Jun 21, 2009
HB 3202 by Bonnen Sponsor: JacksonRelating to authorizing the transfer of certain real property held by the Texas Department of Criminal Justice. HB 3346 by Farabee Sponsor: AverittRelating to gas utilities and gas storage facilities. (KWTX.com, TX)
Personal property values increase Jun 19, 2009
Real property also increased by $1,707,365 to $38,689,940, making the county s total assessed values at $9,417,151. Homestead exemptions were down 24 to 247. (Alva Review Courier, OK)
Public records for June 17, 2009 Jun 18, 2009
SUITS: William K. Johnston v. Geico Indemnity Co., auto negligence; Deutsche Bank National Trust Co. v. Antonio Jimenez, real property; Grow Financial Federal Credit Union v. Richard B. Morrow, other circuit civil; G&L Marble Jacksonville Inc. v. Petra Marble & Stone Inc., in excess of $15,000; SunTrust Mortgage Inc. v. Milton Berrios, real property; HSBC Bank USA NA v. Rafael Wilson Jr., real property; Bac Home Loans Servicing LP v. Jaime M. Carattini, real property; Secretary of VA v. Michael... (Daytona Beach News Journal -- Local)
Supreme Court takes up property-rights case Jun 16, 2009
"The Florida Supreme Court has simply continued the development of its own common law a process which is not stagnant but fluctuates in light of real property developments related to beach renourishment projects," writes Tampa lawyer Hala Sandridge, in her brief to the court. Get Monitor stories by e-mail. (Christian Science Monitor)
Angelina Kelley, the tobacco prevention specialist at the Columbia County Health Department, points out an ulcer a person may develop by using chewing tobacco. Smokeless tobacco is the number one problem with middle school and high school students, ages 11-18. Users can develop problems like gingivitis, tooth loss, cancer of the gum, tongue and palate as well as ulcers. JASON MATTHEW WALKER/Lake City Reporter Jun 16, 2009
The allotments were considered real property and farmers were given the choice of a lump sum or a 10-year payment. . (Lake City Reporter, FL)
Public Meetings for Saturday, June 13, 2009 Jun 16, 2009
Real property tax assessment appeals to be heard by appraiser. County Council. (Lihue Garden Island, HA)
Father-and-son developers indicted in multimillion fraud scheme Jun 16, 2009
Gary Rickert, Sr., 64, and Brian Rickert, 29 of Creve Coeur, have been indicted by a federal grand jury on five felony counts of bank fraud, three felony counts of money laundering and a forfeiture count involving personal and real property financed by the alleged scheme, the U.S. attorney s office for Eastern Missouri said. The Rickerts were in the real estate development business under the name and sought to develop five residences in Ladue and other high-end suburbs. (St. Louis Business Journal, MO)
AMB Property Corporation(R) Releases Research Report on Global Trade and Industrial Real Estate Demand Jun 6, 2009
The following factors, among others, could cause actual results and future events to differ materially from those set forth or contemplated in the forward-looking statements: defaults on or non-renewal of leases by tenants, increased interest rates and operating costs, our failure to obtain necessary outside financing, re-financing risks, risks related to our obligations in the event of certain defaults under joint venture and other debt, risks related to debt and equity security financings... (PR Newswire)
Town council approves contracts,thanks former council member, mayor Jun 6, 2009
Matters discussed in closed session with no action taken on them were potential litigation regarding portable building standards, and purchase of real property. Video Comments. (McKinney Courier-Gazette, TX)
City Council wrestles with tax proposals Jun 6, 2009
Still to be worked out is the real property tax rate, although an increase appears likely, according to Council leaders ... Those proposals also lay out a variety of scenarios on how to address the issue of real property taxes, which have become a key target as the Council and Mayor Mufi Hannemann's administration look to close a $50 million gap in the upcoming budget ... The current real property tax rate is $3. (Honolulu Star-Bulletin)
Telmar expands in Plano Jun 6, 2009
Telmar is in line to receive tax abatements worth a total of $58,712 during the next eight years, based on $1 million in real property improvements and $2. 1 million in business personal property improvements, according to Katherine Crumbley, administrative coordinator for the City of Plano. (Dallas Business Journal, TX)
From monopoly to oligarchy Jun 6, 2009
He complains about the high real property taxes that electric generators pay in New York ... Under deregulation, independently owned power plants have successfully obtained major reductions in real property taxes, to the severe detriment of local communities. (Albany Times Union)
City Council restores curbside recycling funds Jun 5, 2009
Council members also are reviewing various proposals that would include lower proposed increases in real property tax rates ... Council members also are reviewing various proposals that would include lower proposed increases in real property tax rates. (Honolulu Star-Bulletin)
$23 million public safety facility gets final go-ahead Casa Grande council OKs bonds for project despite Realtor's objections Jun 4, 2009
Having discovered recently while researching the Arizona Constitution that bond issues are to be voted on ONLY by real property owners, I'd be interested to learn whether any renters voted on the 2006 bond issue. If that were the case, then the bond issue would be invalid, wouldn't it. (Casa Grande Valley Newspapers, AZ)
Harry Winston Diamond Corporation Announces First Quarter Fiscal 2010 Results Jun 4, 2009
The Company's first mortgage on real property has scheduled principal payments of approximately $0 ... NOTE 7: Long-Term Debt April 30, January 31, 2009 2009 ------------------------------------------------------------------------- Mining segment credit facilities $ - $ 74,107 Harry Winston Inc. credit facilities 179,322 199,846 First mortgage on real property 6,838 6,769 ------------------------------------------------------------------------- Total long-term debt 186,160 280,722... (Canada Newswire)
NH's Hodes wants to reduce property tax burden Jun 3, 2009
This would allow taxpayers who dont qualify for itemizing to have a standard deduction that is equal to the amount of real property taxes up to $500 for individuals and $1,000 in the case of a joint return. 2009 The Associated Press. (Concord Monitor)
Attorneys work new strategies Jun 2, 2009
"We didn't do like some others and get into an entirely new practice areas. We're sticking to what we do well, business law.Rose, a partner at Rice & Rose in Daytona Beach since 1986, said his law practice is no different than any other small business, and negative economics have domino effects."It used to be people would get divorces and one would buy out the other, but this has slowed down and people are living together," said Rose, a 1982 law graduate of the University of Florida. He is a... (Daytona Beach News Journal -- Business)
Putting specific programs in financial jeopardy May 30, 2009
What they seem to ignore is that nonowner occupied real property also applies to rental properties. For example, the recent sale of Kukui Gardens in Honolulu had a price tag of $72 million and had the new increased conveyance tax rates been applied, the cost of that transaction would have been another $900,000 which would have to be recovered through increased rent. (Lihue Garden Island, HA)
Pawn shop owner charged with fraud May 30, 2009
Gary Vaughn, 35, Portage, owner of Gary s Steals , was arrested Friday morning and arraigned on charges of conspiracy to commit money laundering, conspiracy to commit mail and wire fraud, use of a fictitious name to receive mail and criminal forfeiture. He was arraigned before Magistrate Judge Andrew Smyser in Harrisburg. (Somerset Daily American, PA)
Alpine City Council Meeting Agenda May 30, 2009
072 (Deliberations about Real Property) ... 072 (Deliberations about Real Property). (Alpine Avalanche, TX)
Appraisal dispute deadline draws near May 29, 2009
The appraisals for real property have already been mailed out and the deadline to challenge any of those is June 1. As of today we have about 570 formal protests that have been filed in our office, Peace said. (Terrell Tribune, TX)
Bridge Street hotel developer files counter plea in MEDC suit May 29, 2009
The plea seeks compensatory, punitive and exemplary damages, an injunction "permanently enjoining the defendants from placing or asserting any lien against MSP's real property" and declaratory relief for the lien placed on the property by the McKinney Community Development Corp.. McKinney City Manager Frank Ragan said in a released statement that the assertions made by defense attorneys are "wrong.". (McKinney Courier-Gazette, TX)
Businesses' Empire Zone status targeted May 29, 2009
While the main business will have its certification renewed, McQuay Real Property, Inc. likely will not. Skaneateles Falls-based medical equipment manufacturers Welch Allyn was also informed it could lose its Empire Zone benefits. (Auburn Citizen, NY)
U.S. Real Estate - How to Manage Risks of Investing for Canadians? May 29, 2009
Active investors swearing off mutual funds might find appeal in real property and real homes, REO bank-owned, with remarkable potential returns, and without traditional encumberances. Normand Haas, of Normand Haas Financial Planning, says of Pinnacle, "I've been searching for opportunities to step outside of being OK with two or three percent returns. It's insulting to us as investors to not have excellent returns made available given the new opportunities. The Pinnacle team are a proven, robust... (Canada Newswire)
Stapley loses bid to have charges reconsidered May 29, 2009
In their motion to have the charges remanded to the grand jury, Charlton and his co-counsel, Tom Henze, argued that Stapley did not have to list the properties because he was "a dealer in real property" under Arizona law. At a hearing on the matter earlier this month, Bowers countered that Stapley had never identified himself as such. (AZCentral -- News)
Building will be auctioned May 29, 2009
A judge determined the amount owed to be $735,969 with interest, said Rebecca Dailey, the Klamath County Sheriff s Office deputy in charge of real property sales. But $447,000 in insurance money from the roof collapse will go directly to Klamath Limited Partnership to offset the money due, according to a court judgment. (Klamath Falls Herald & News, OR)
More of this story» May 28, 2009
The council ended the evening in closed session for negotiations related to the purchase of real property. "There will be no action taken after that meeting," the mayor stated. (Dowagiac News, MI)
California's Prop 8 Stands, and So Do Existing Gay Marriages May 27, 2009
Those couples, George held Tuesday, "acquired vested property rights as lawfully married spouses with respect to a wide range of subjects, including, among many others, employment benefits, interests in real property and inheritances. These couples' reliance upon this court's final decision in the Marriage Cases was entirely legitimate" and "must continue to be recognized in this state." ... "Under the majority's reasoning," he continued later, "California's voters could permissibly amend the... (Law.com)
How Putin Is Snookering Obama May 27, 2009
The influence they wield secures their hold on assets in the absence of real property rights. The leader -- a function performed in Russia by Prime Minister Vladimir Putin -- is a fine example of a post with limited formal powers vastly enhanced by the informal powers of the man who holds it. (Slate)
Law protects day care business in rental unit May 25, 2009
According to this legislation, "current law prohibits written restrictions on conveyance, encumbrance, leasing or mortgaging of real property for use or occupancy as a family day care home for children. If written agreements do so, they are void." While you must allow licensed home day cares, you are under no obligation to permit any other home-based businesses. For more information about home day care and the current state and federal regulations, visit the Web site for the Child Care Law... (San Francisco Chronicle)
Stanford offices, land may be sold May 24, 2009
"The receiver needs to sell the real property in order to carry out his obligation to preserve the assets and minimize expenses," according to court documents filed last week ... "(It will) maximize the sales proceeds received in exchange for the real property while selling such property in an efficient and cost-effective manner," according to the court filings. (The Clarion-Ledger)
Assessment reviewers catch breaks May 24, 2009
Records filed with the county Office of Real Property Services include a disclosure of interest form for Delaney ... He has sent letters of complaint to the Fleming Town Board, the county and state offices of Real Property Services, the district attorney, the sheriff's office, the state attorney general, inspector general, commission of investigation, Sen ... Balyszak said the state real property office briefly looked into this and did nothing. (Auburn Citizen, NY)
Innophos Announces New Senior Revolving Credit Facility; Pays Off All Prior Bank Debt May 23, 2009
The new credit facility, which is $15 million larger than the previous revolver, contains a $20 million letter of credit sub-limit, is subject to certain financial covenants, determines borrowing availability based on qualifying accounts receivable and inventory eligibility, has interest rates similar to the previous credit facility, and is collateralized by substantially all the borrowers' assets, excluding real property, plant and equipment. At the initiation date, Innophos had a borrowing... (PR Newswire)
Grievance days quickly approaching May 23, 2009
According to Dave Hastings, director of real property tax service for Oswego County, grounds for the grievance of an assessment are grouped into three categories: unequal, excessive and unlawful assessments. Unequal can be where it is not in line with other similar properties, Hastings explained. (Oswego Palladium-Times, NY)
County: Roadmaster overdue for pay hike May 23, 2009
A resolution and order accepting and recording real property granted to Linn County for road purposes (Courtney Creek Drive). A resolution and order accepting and recording real property granted to Linn County for road purposes (Scravel Hill Road). (Albany Democrat-Herald, OR)
Property tax rates hold steady, assessments vary May 22, 2009
The resolution setting real property tax rates for the fiscal year starting July 1 was unanimously approved by the committee in a special meeting in the Council Chambers at the Historic County Building ... Officials with the county Department of Finance Real Property Assessment Division said some property owners assessments rose this year compared to last year and some fell ... According to information from the Real Property Assessments Division, there are several property-owner, tax-relief... (Lihue Garden Island, HA)
Donatelli Development, others request tax breaks for D.C. projects May 22, 2009
If it were to pass and money were to be then appropriated separately, the city would provide 100 percent real property tax exemption for 10 years and a reduced relief for the following 10 years. Bowser, who has been pushing for improvements to Georgia Avenue, site of Park Place, said Donatelli had been a pioneer in entering the city s neighborhoods early and said the city needed to step in because we recognize how important it is for these projects not only to move forward but to thrive. (Washington Business Journal, DC)
Honolulu City Council considers raising property tax by 9% May 21, 2009
"I think monthly rental rates are going to be driven less by an increase in real property taxes than by the rental market," he said. He noted that property taxes are deductible on both federal and state income tax returns. (Honolulu Advertiser)
Nomura Suit Against Cadwalader Survives Dismissal May 21, 2009
Cadwalader, representing Nomura, had drafted documents that asserted that the trust that held these loans qualified for special tax treatment as a Real Estate Mortgage Investment Conduit, which required that the fair market value of the real property securing each loan be at least 80 percent of the loan amount. In fact, the doctors hospital loan did not meet this 80 percent test, according to Nomura's own appraisal. (Law.com)
Councilmen find allies to fight recycling cut May 21, 2009
Proposals passed by the Budget Committee included an increase of 30 cents to the real property tax rate, placing it at $3 ... Proposals passed by the Budget Committee included an increase of 30 cents to the real property tax rate, placing it at $3. (Honolulu Star-Bulletin)
Committee offsets property tax rate increase with tax credit May 20, 2009
An increase in the real property tax rate on Oahu would be offset by a one-time tax credit of $175 for those who live in their homes, under proposals advanced by the City Council budget committee last night ... The committee passed a 30-cent increase in the real property tax rate, setting it at $3 ... A real property tax hike -- combined with increases in some bus fares, zoo fees, parking meter rates at some parks, golf course fees and other charges -- were proposed by Mayor Mufi Hannemann as he... (Honolulu Star-Bulletin)
Powering up the wind May 20, 2009
Easement Agreement Terms include easements for: * Turbine and meteorological tower sites * Access roads * Energy collection facilities and lines * Construction * Wind non-obstruction * Noise, light and shadow * Overhang The agreement also states that the wind farm will be responsible for weed control and tile repair as well as any increase in real property taxes. Within the next two years RPM Access will meet individually with landowners to review and revise preliminary site plans and obtain... (Ogden Reporter, IA)
Curbside recycling funds cut as Council hunts for savings May 20, 2009
Budget Chairman Nestor Garcia said he wanted to use the $6 million to help homeowners who are facing increases in real property taxes ... Budget Chairman Nestor Garcia said he wanted to use the $6 million to help homeowners who are facing increases in real property taxes. (Honolulu Star-Bulletin)
Chiba Bank President Sakuma Says Bad-Loan Charges Falling From 2008 Peak May 19, 2009
More than half of the nations listed regional banks posted losses last fiscal year, joining Japans three largest lenders, including They may struggle to stay profitable again this year as corporate defaults spread from real property companies to manufacturers hurt by. We still havent seen bad loans costs at regional banks peak out, so a real recovery in earnings remains far off, said , an analyst at Nomura Holdings Inc. in Tokyo with a neutral rating on Chiba Bank. (Bloomberg -- Asia)
MATTAWAN APPLYING FOR STIMULUS MONEY TO UPGRADE WATER SYSTEM May 19, 2009
The council also approved a resolution to adopt the 2009-2010 tax levy at 4,4473 mills on real and personal property, and three mills for special assessment for police on real property only. The council approved a dust control bid of $3,300 from Michigan Dust Control for three summer applications. (Paw Paw Courier Leader, MI)
H. Ben Davis receives appraiser designation May 18, 2009
The SRA membership designation is held by real estate solution providers who are experienced in the analysis and valuation of residential real property. . (Orangeburg Times and Democrat, SC)
Public Meetings for Sunday, May 17, 2009 May 18, 2009
Information pertaining to the estimated reduction in real property tax revenues as a result of various tax relief measures enacted by the County Council ... A resolution establishing the real property tax rates for the fiscal year starting July 1. (Lihue Garden Island, HA)
Your property rights are under attack (4) May 17, 2009
Such a district will deprive owners of the right to decide how and when to improve their hard earned real property. Proponents claim the district will preserve the historic character of Boerne, but the bottom line is that we will have to ask the district for permission to improve our property as we think best. (Boerne Star, TX)
A young Alma May 16, 2009
Chairman of the citizens' committee to select the winning design was 46-year-old Adoph Spreckels, one of the three sons of the fabulously wealthy Claus Spreckels who held a monopoly on sugar from Hawaii, real property, ships (including the S.S. Sonoma), and various enterprises. Spreckels chose Aiken's design entry and was also enamored of the subject of the statue. (Sonoma Index-Tribune, CA)
Motorists to build New Albany data center May 15, 2009
The proposed 15-year incentive calls for Motorists to receive a 75 percent tax abatement on the $10 million in real property improvements for 10 years and a 65 percent abatement for years 11 through 15 of the deal. The village is hopeful Motorists may expand in the future although no such plans have been discussed, he said. (Columbus Business First, OH)
Council edges toward fuel tax hike May 15, 2009
Committee members deferred taking action on a real property tax increase proposed by Mayor Mufi Hannemann, delaying the matter until Monday, when they take another crack at crafting the city's operating budget for fiscal year 2010, which begins July 1 ... Committee members deferred taking action on a real property tax increase proposed by Mayor Mufi Hannemann, delaying the matter until Monday, when they take another crack at crafting the city's operating budget for fiscal year 2010, which begins... (Honolulu Star-Bulletin)
Honolulu may hike property taxes May 13, 2009
Factoring in a one-time $75-a-household real property tax credit, the increase would amount to about a $120 annual hike for the typical family owning a single-family home on O'ahu. The mayor and council members are facing a decline in income due in part to a drop in property values, hotel room tax and fuel tax collections and a decline in revenue from investments. (Honolulu Advertiser)
Public records for May 9, 2009 May 11, 2009
SUITS: Bank of America NA v. Tony J. Zarb, real property; Bank of America NA v. Terri Hough, real property; Amtrust Bank v. Alina M. Ruiz, real property; Deutsche Bank National Trust Co. v. Karen A. Pasion, real property; SunTrust Mortgage Inc. v. Fred O. Torres, real property; Bac Home Loans Services Inc. v. Mark A. Wright, real property; HSBC Mortgage Services Inc. v. Eladio Nieves Jr., real property; Bank of New York Mellon v. James R. Perkins, real property; Aaron Diedrichs v. Allstate... (Daytona Beach News Journal)
Police, fire millages barely pass in Benton Township May 10, 2009
Wednesday, May 06, 2009. Township can avoid layoffs, cuts with renewed tax rate. (St. Joseph Herald-Pallidium, MI)
Playhouse gets facelift May 10, 2009
In all, contributions to the expansion project totaled 800,000 in cash, a 100,000 matching funds grant, volunteer labor from individual contractors and even a donation of real property, which will be sold when the market improves. The foundation is still working to raise the remaining sum, and the 100,000 to match the grant. (Montana Standard, MT)
Transmission shop items up for IRS auction May 10, 2009
A tax lien is imposed by law to assure payment of delinquent taxes owed on real property or personal property, or as a result of failure to pay income taxes or other taxes. Victor Omelzenko, an IRS spokesman in Los Angeles, said an auction is the last stop in a federal lien or levy. (Santa Maria Times)
County tax maps enter digital age May 9, 2009
CATSKILL The offices of Greene County Clerk and Real Property Tax Services have completed a major digital indexing project of all survey maps filed with the county ... Both County Clerk Michael Flynn and Real Property Services Director Laura Van Valkenburg noted that an added benefit was that the nine-month joint project between the two departments was done entirely in-house, and at no direct extra cost to taxpayers ... Also, added Ward, if you want a full-sized copy of the full map, come... (Catskill Daily Mail, NY)
Thrush to be tried in federal court on three arson charges May 8, 2009
Each arson charge states that Thrush did maliciously damage and destroy and attempt to damage and destroy, by means of fire, the building and other real property at. the specific address. (Keokuk Daily Gate City, IO)
Police log, April 7-May 4 May 8, 2009
LTM: Brendan Burgess, 19, of 14 Will Sawyer St., Peabody, was arrested on a charge of trespass of real property, 5:39 p.m.. Saturday, May 2 Merchants Liquor Mart: Lost property reported, 12:18 a.m. Mohawk Street: Missing person reported, 4:55 a.m. Days Inn: Suspicious activity; party transported, 9:33 a.m. Rocco s Pizza: Lost property reported, 10:05 a.m.. (Danvers Herald, MA)
Judge tosses 4 charges out of 118 against Stapley May 7, 2009
Henze also argued that Arizona statutes do not require that the disclosure forms list individual parcels or transactions if the company in question is "a dealer in real property.". Bowers countered that Stapley never identified the two companies as such. (AZCentral -- News)
Cinch Energy Corp. Releases First Quarter 2009 Results May 7, 2009
As collateral for the facility, the Company has provided a general security agreement with the lender constituting a first ranking security interest in all Company property and a first ranking floating charge on all real property of the Company ... As collateral for the bank credit facility, the Company has provided a general security agreement with the lender constituting a first ranking security interest in all Company property and a first ranking floating charge on all real property of the... (CCNMatthews Press Releases)
Home Capital's Strong First Quarter Sustains Momentum: Net Income up 24.9%; Return on Equity was 27.9%; Basic and Diluted Earnings per Share Reach $0.91 May 6, 2009
The Company has security in the form of real property or cash deposits against loans totaling 99. 9% of the total loans portfolio. (Canada Newswire)
Proposal Regarding Assessed Valuation Controversy May 6, 2009
From what I have heard, a call to the assessor's office for some sort of an explanation only results in absolute frustration at the receipt of an answer that raises bureaucratic double-speak to a new level. My proposal for the assessor's office is simple. (Missourian Publishing, MO)
