COUNTY OF ALBEMARLE

 

EXECUTIVE SUMMARY

 

 

AGENDA TITLE:

Re-appraisal of Round 4 ACE Properties  

 

 

SUBJECT/PROPOSAL/REQUEST:

Request approval of re-appraised Round 4 ACE properties

 

 

STAFF CONTACT(S):

Tucker, Foley, Kamptner, Cilimberg, Benish, Goodall

 

 LEGAL REVIEW:   YES

 

AGENDA DATE:

November 2, 2005

 

ACTION:                                INFORMATION:   

 

CONSENT AGENDA:

  ACTION:     X                      INFORMATION:   

 

 

ATTACHMENTS:     Yes

 

 

REVIEWED BY:

 

 

 

BACKGROUND:

On March 16, 2005, the Board of Supervisors approved the ACE Committee’s request to have four (4) properties from the Round 4 applicant pool (Year 2003-04) re-appraised.  These include the Bieker, Hill, Page and Shifflett properties. This request became necessary when the Appraisal Review Committee rejected the original appraisals and the subsequent revisions of two of the appraisals.  According to the ACE ordinance, the Appraisal Review Committee is charged with reviewing ACE appraisals to assure they are consistent with appropriate appraisal guidelines and practices, and to make recommendations thereon to the Board of Supervisors.  If the Appraisal Review Committee determines the appraisals do not satisfactorily meet the established guidelines and practices, they may ask the appraiser to revise the appraisals.

 

Following the Board’s approval to have the properties re-appraised, staff solicited bids for the re-appraisal work.  In early June, Pape and Company was hired to complete the appraisal work.  By early September, the appraisals were completed and submitted to the Appraisal Review Committee for review.  At their September 27 meeting, the re-appraisals were accepted by the Committee.  In reviewing the appraisals, the Committee noted that the new appraisals were well prepared, readable and the appraised values were well-documented.

 

 

STRATEGIC PLAN:

Goal 2.1 – “Protect and/or preserve the County’s rural character”

Goal 2.2 – “Protect and/or preserve the County’s natural resources”

 

 

DISCUSSION:

Per the County ordinance, the Appraisal Review Committee has the following power and duties: 1) “to review appraisals and make recommendations thereon to the Board of Supervisors”; and 2) “to determine the adjusted appraised values and make recommendations thereon to the Board of Supervisors”.  Following much discussion and a thorough review of the appraisals for Year 2003-04 properties, the Appraisal Review Committee, as previously indicated, recently recommended approval of Pape and Company’s four re-appraisals for the four properties in the Year 2003-04 applicant pool.  Before the County can extend an “Invitation to Offer to Sell” a conservation easement on these properties, however, the appraisals must be formally approved by the Board of Supervisors. 

 

BUDGET IMPACT:

There is no additional request for funding related to this request for action.  All funding for the re-appraisal work will come from the CIP-Tourism-Conservation budget (line item #9010-72030-580416), a budget previously approved by the Board to fund ACE properties with “tourism value”.  The accepted appraisals will be the basis for the value of the easements which would be purchased utilizing funds from the CIP-Tourism-Conservation budget and the CIP-budget (line item # 1-9010-81010-580409).

 

RECOMMENDATIONS:

The ACE Appraisal Committee recommends the Board of Supervisors approve the four (4) appraisals by Pape and Company for applications from the Year 2003-04 applicant pool (Henry C. Page; Daniel Bieker; James M. Shifflet; and, Samuel Hill - Attachment “A”), and authorize staff to send invitations to offer to sell to the applicants.

 

 

ATTACHMENTS

A – List of Appraisals Recommended by ACE Review Committee

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