Glossary of Internet Terms Introduction Information regarding matters pending before the Legislature has been available to the citizens of California in printed form since That same information is now available on the Internet pursuant to California law. This Public Access guide is designed to assist the general public in obtaining legislative information from the Public Access computer over the Internet. The guide also provides the following appendices:
When selecting a project location, the goal is to render the greatest public good and the least private injury or inconvenience. Fair Market Value The agency should retain an independent, accredited appraiser familiar with local property values to appraise the property.
The owner can give the appraiser any information about improvements and any special features that may affect the value of the property. Some owners do not cooperate with the agency appraiser as a strategy in the overall process.
While this may be an effective strategy for a given situation it is not always the best way to proceed. The agency will then make a written offer to purchase the property. The offer will include a summary of the appraisal. The offer will be for no less than the amount of the appraisal.
Determining Fair Market Value There are 3 approaches to value property. The Comparable Sales Approach is based on the theory that no one would pay more for any property than they would pay for a comparable property. The Income Approach looks at the value of property from the perspective of an investor.
The Cost Approach is not used as often. It is typically only used when the other approaches are not reliable indicators of what the property would sell for.
It is used for unique or special purpose property. Each parcel of real property is different and, therefore, no single formula can be used to appraise all properties. Among the factors an appraiser typically considers in estimating fair market value are: The location of the property; The age and condition of improvements on the property; How the property has been or may be used; Whether there are any lease agreements relating to the property; Whether there are any environmental issues, such as contaminated soil; Current and potential future zoning and land use requirements; These factors and others impact how the property compares with similar properties in the area that have been sold recently; how much rental income the property produces, or could produce if put to its highest and best use; and how much it would cost to reproduce the buildings and other structures, less any depreciation.
Fair market value is based on the highest and best use for the property. Among other things, this summary must include: The agency is only required to provide a copy of the full appraisal if the property is an owner-occupied residential property with four or fewer residential units.
Otherwise, the agency may, but is not required, to disclose its full appraisal during negotiations. Different disclosure requirements apply during the litigation process if the issue of fair market value goes to court.
If the process proceeds to a court determination of value, the owner will need to obtain its own appraisal. To be eligible for reimbursement, the independent appraisal must be conducted by an appraiser licensed by the State Office of Real Estate Appraisers.
California Law provides that this reimbursement must be paid by a "public entity".
This appears to exclude public utilities and other non-governmental agencies that have the power of eminent domain. In general, when only a part of the property is needed, every reasonable effort should be made to ensure the owner does not suffer a financial loss to the "remainder" property.
The agency will pay the fair market value of the property being taken as well as compensation for any loss in value to the remaining property that is not offset by the benefits conferred by the project.
The compensation for the loss in value to the remaining property is often referred to as "severance damages. A Business Operated on the Property - Goodwill The owner of a business that is conducted on the property being acquired has a right to compensation for lost business goodwill if the loss is caused by the acquisition of the property.Encoding is the process of getting information into memory.
If information or stimuli never gets encoded, it will never be remembered. Encoding requires linking new information to existing knowledge in order to make the new information more meaningful. Talent acquisition is the process of finding and acquiring skilled human labor for organizational needs and to meet any labor requirement.
When used in the context of the recruiting and HR profession, talent acquisition usually refers to the talent acquisition department or . the process of acquiring information and storing it over time so that it will be available when needed behavioural learning theories assume that learning takes place as the result of .
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