Cedar Point yacht Club seeks open space designation Aug 22, 2008
The club's request for Open Space Designation is based upon a 1963 state law known as Public Act 490, which allows certain types of properties to be assessed at their "use" value rather than their fair market value or "highest and best use" for purposes of local property taxation. Public Act 490 is regarded as an important land preservation tool which recognizes that without the lower use value assessment, many landowners of farms, forests, or open space would be forced to sell their land... (Westport Minuteman, CT)
CEO salaries, bonuses stay strong at local public companies Aug 22, 2008
The fair market value of companies in the D.C. area has gone down this year. Ultimately, their realizable compensation will be down, said Chris Hamilton, senior executive compensation consultant at s Arlington office. (Washington Business Journal, DC)
MP Corp and MoF unit sign pact on Johor township Aug 21, 2008
An independent valuer, on July 29, ascribed a fair market value of RM450mil for the land involved, MP Corp said. ARBs wholly owned unit AmanahRaya Development Sdn Bhd (ADSB) will pay RM99mil for a 22% stake in the joint venture, while MP Corp will retain a 78% share. (The Star Online, Malaysia)
O'Brien's beat blog Aug 21, 2008
You know, if he s gonna stay through a rebuild you might as well get paid fair market value. No sense giving a discount to finish 4th again. (Atlanta Journal-Constitution -- Sports)
Growing a greenbelt Aug 20, 2008
The final amount depends on a state assessment of the fair market value of the land. The Olukotuns have agreed to receive 50 percent of that value, and expect to donate it to charity -- significantly enlarging the social value of their land contribution. (NJ.com -- Times)
Survey changes boundaries in Grizzly Gulch Aug 19, 2008
If Schmit s 100-year-old barn turned out to be on Forest Service property, chances are he would have had to either tear down the structure or buy that portion of the property from the Forest Service for fair market value. That doesn t sit well with people who think they already own that land, but McKenna said in similar situations it typically is just a fraction of an acre and not very expensive. (Helena Independent Record, MT)
Fisher museum should go downtown Aug 19, 2008
If a homeowner thinks their assessed value has come down recently and there is evidence to prove this, we will reassess their home at fair market value. PHIL TING. (San Francisco Chronicle -- Opinion)
Suits question real estate transactions Aug 17, 2008
By the time Ms. Preetorious and her husband filed for Chapter 7 bankruptcy Aug. 4, she had been involved in the transfer of properties with a combined fair market value of more than $10 ... Source: County property records: value is listed fair market value. (The Augusta Chronicle)
Real estate still sound long-term investment Aug 17, 2008
It takes time to prepare property for sale, and if you want to get a property's fair market value, it may take weeks or months to find a buyer. Selling costs can easily approach 10 percent of the home's value. (New Haven Register, CT)
Pa. governor seeks SBA disaster loans for Conshohocken fire Aug 16, 2008
The damage in Conshohocken exceeds SBA criteria of at least 25 homes and/or businesses with uninsured losses of 40 percent or more of their estimated fair market value. While preliminary damage assessments meet SBA requirements, the damage does not qualify for assistance from the. (Philadelphia Business Journal, PA)
George Soros Boosts Stake in Lehman Aug 16, 2008
The fair market value of the stake is estimated at $187. 7 million, according to a regulatory filing by the fund Thursday. (SmartMoney)
152 consider buyouts --- so far Aug 16, 2008
Of those, 43 properties have been certified as substantially damaged meaning the cost to repair them to pre-flood condition exceeds 50 percent of the pre-flood fair market value. Myhre said half of the city s share can come from in-kind sources such as city staff time and homeowner and other contributions. (Mason City Globe-Gazette, IO)
Governor Rendell Requests U.S. SBA Assistance for Montgomery County Aug 15, 2008
The damage in Conshohocken exceeds SBA criteria of at least 25 homes and/or businesses with uninsured losses of 40 percent or more of their estimated fair market value. "There are not enough words to express my appreciation for everyone who acted to help the Riverwalk apartment community in the response to, and recovery from, last night's fire," the Governor said. (PR Newswire)
Business owners discuss proposed center Aug 15, 2008
We can t allow somebody to hold us up and rob us, Black added, referring to property owners who might ask for more than fair market value for their land or refuse to sell altogether ... Then, he said, the developer approved for the TIF district would have to get appraisals and make fair market value offers to purchase properties before the city would even take the next step of deeming the target properties as blighted to force their sale to make way for the new shopping center. (Park Hills Daily Journal, MO)
Alvarez talks could go 'deep into the night' (Today) Aug 15, 2008
They sounded confident they have made an offer that is fair market value for a player of Alvarez's caliber and that he will recognize that. No figures have been disclosed out of an airtight negotiation being conducted almost entirely between Huntington and Scott Boras, Alvarez's advisor, but the offer surely is miles above MLB's slot recommendation of $3. (Pittsburgh Post-Gazette, PA -- Sports)
Most First Place creditors left holding the bag Aug 15, 2008
The bank holding the mortgage, , which has its headquarters in Cincinnati, said in a filing that the mortgage, interest and taxes owed by Fergus totaled $609,993 for the property, exceeding the fair market value of $507,700. The bank recently was given clearance to initiate foreclosure proceedings. (Milwaukee Business Journal, WI)
CVR Energy Reports Profitable Second Quarter as Nitrogen Fertilizer Business Balances Refining Results Aug 14, 2008
Because Net income (loss) adjusted for unrealized loss from Cash Flow Swap excludes mark to market adjustments, the measure does not reflect the fair market value of our Cash Flow Swap in our net income. As a result, the measure does not include potential cash payments that may be required to be made on the Cash Flow Swap in the future. (PR Newswire)
Shorts Sales and Foreclosures Make Way Into Market Aug 14, 2008
"The steps involved in a short sale are listing the property at a fair market value and presenting a complete financial package to the lender. Once the financial package is presented to the lender with an offer that has been received, the lender considers accepting a net number that is below what they are owed, which in most cases reflects closing costs as well. The lender then allows the sale of the property to a third party.". Because knowledge is needed in so many areas, it greatly benefits... (RealtyTimes)
QBE agrees to acquire PMI Australia and PMI Asia Aug 14, 2008
Net tangible assets, using US GAAP including the investment portfolio at fair market value, for PMI Australia and PMI Asia at 30 June 2008 were A$1,027 million. The purchase price is net tangible assets with 80% paid in cash and the remaining 20% a promissory note from QBE payable in three years. (Sydney Morning Herald)
Pennsylvania Governor Rendell Requests U.S. Small Business Administration Assistance for Allegheny County Aug 13, 2008
The damage in McKeesport exceeds the Small Business Administration criteria of at least 25 homes and/or businesses with uninsured losses of 40 percent or more of their estimated fair market value. While the preliminary damage assessments meet SBA requirements, the damage does not qualify for assistance from the Federal Emergency Management Agency. (PR Newswire)
Gov. Rendell seeks SBA assistance for fire victims Aug 13, 2008
In a letter to the SBA, the governor said the damage in McKeesport exceeds the agency s criteria of at least 25 homes and/or businesses with uninsured losses of 40 percent or more of their estimated fair market value. Our biggest concern is getting everyone who was impacted by this fire back to normal as quickly as possible and federal SBA funding would help make that happen, Rendell said in a statement. (Pittsburgh Business Times, PA)
No Kidding Aside For The Edwards Affair Aug 13, 2008
Shows incredibly poor judgment, and (unless the fair market value of a few crappy videos is $114,000), could easily be characterized as prostitution and a violation of campaign finance laws. Comparisons to the dalliances of other politicians are singularly inapt. (Washington Post)
Pure Energy-2008 Second Quarter Summary Financial Statements and M D & A Aug 13, 2008
Bank debt bears interest at a floating market rate and accordingly the fair market value approximates the carrying value ... Bank debt bears interest at a floating market rate and accordingly the fair market value approximates the carrying value. (CCNMatthews Press Releases)
Homestead relief at risk Aug 13, 2008
Commissioners also heard a request for from $8,000 to $15,000 from Dougherty Tax Assessors Board Chairman Bill Ashberry for a system that will incorporate the income approach for tax assessment that is used to determine the fair market value of properties like apartment complexes. It s difficult to do because no new apartments have been built in Albany in the last 15 years, and none of the existing complexes have changed hands, Ashberry said. (Albany Herald)
PNM Resources Announces Second Quarter Results, Steps to Strengthen Financial Position Aug 12, 2008
The charges, which are the result of the annual review of the fair market value of intangible assets, primarily goodwill, were recorded at three subsidiaries - PNM, TNMP and First Choice Power. The charges do not impact liquidity or the rate bases of PNM and TNMP. EnergyCo has decided not to pursue expansion of the Twin Oaks Power facility, which also resulted in an impairment charge. (PR Newswire)
Edwards Took Mistress on 2006 Presidential Announcement Tour Aug 12, 2008
If the amounts paid to Hunter much exceeded the fair market value of crappy videos she produced, as seems clearly to be the case, then we have what amounts to cash payments for meretricious services. Spin as you please, the inferences are clear. (Washington Post)
Genius Products, Inc. Reports Second Quarter 2008 Results for Genius Products, LLC Aug 12, 2008
Based on an evaluation of fair market value and re-alignment of company resources during the first six months of 2008, the company accelerated the amortization of its film library and also wrote off the value of certain intangible assets, which were deemed to be impaired. Marketing and advertising costs decreased by $5. (Yahoo! Wire -- Entertainment News)
Incubator welcomes new resident Aug 11, 2008
The accelerator leases space at fair market value to startups. Clients also get the services of the tenant advisory committee and mentoring from other businesses at the STAR Center and in the community. (Tampa Bay Business Journal, FL)
Crew Energy Issues 2008 Second Quarter Financial and Operating Results Aug 11, 2008
In February 2008, the CICA Accounting Standards Board ("AcSB") confirmed the changeover to International Financial Reporting Standards ("IFRS') from Canadian GAAP will be required for publicly accountable enterprises interim and annual financial statements effective for fiscal years beginning on or after January 1, 2011. The AcSB issued the "omnibus" exposure draft of IFRS with comments due by July 31, 2008, wherein early adoption by Canadian entities is also permitted. The Canadian Securities... (CCNMatthews Press Releases)
The News in 2 Minutes Aug 10, 2008
The two parties have been negotiating for years over what constitutes fair market value. A confidentiality agreement bars the parties from discussing specifics of the talks or the value of the lease. (Green Valley News & Sun, AZ)
Town board backs Apple Meadow Village Aug 10, 2008
If the request is approved H.O Properties would become the sole owner and could raise rents to fair market value, among several options. The filing of the request doesn t necessarily mean rents will go up for residents, however. (Hudson Register Star, NY)
Bank Buyers Waiting For Better Economy Aug 9, 2008
" Promised aid for mortgage finance giants Fannie Mae and Freddie Mac as well as the Federal Reserve's emergency funding of investment banks have raised questions about the government's ability to handle further financial crises. The Federal Deposit Insurance Corp. in July seized Pasadena, Calif.-based IndyMac Bancorp, the biggest U.S. bank failure in years. The FDIC expects that to cost between $4 billion and $8 billion. The FDIC had $53 billion in reserves as of March 30. It is authorized to... (Investors Business Daily)
More of this story Aug 9, 2008
A judge ruled in November 2007 that the district could take the land by eminent domain, but attorneys have since been debating what constitutes fair market value. The district had long sought to buy the site and build a 2,200-seat facility to relieve overcrowding at nearby schools. (Los Angeles Downtown News, CA)
Brookfield Real Estate Services Fund Announces a $0.15 Increase in Annual Distributions, Second Quarter Results and Monthly Cash Distribution Aug 8, 2008
"Based on the Fund's existing brands, it continues to target increasing revenue by 10% over 2007, and its total network by a range of 300 to 500 REALTORS through organic growth and acquisitions. This target is based on the Fund's current market outlook and continuing successful implementation of its growth strategy and is subject to a number of risks including those outlined under Forward-Looking Statements below and in the Fund's Annual Information Form available at and on the Fund's... (CCNMatthews Press Releases)
Fairborne Energy Ltd. Reports Record Quarterly Production and Cash Flow Aug 8, 2008
Strengthened natural gas prices can be attributed to dramatic decreases in liquefied natural gas ('LNG") deliveries into North America, as well as lower U.S. storage levels.During the second quarter of 2008, Fairborne had an average of 20,557 Mcf per day sold under fixed price physical sales contracts representing 35% of the Company's natural gas production. Risk management activities for the second quarter of 2008 decreased Fairborne's realized natural gas revenue by $3.9 million which had an... (CCNMatthews Press Releases)
Tusk Energy Corporation: Financial and Operating Results for the Three and Six Months Ended June 30, 2008 Aug 8, 2008
First, as oil prices increase, the fair market value of the put options decrease ... Bank debt bears interest at a floating market rate, and accordingly, the fair market value approximates the carrying value ... Bank debt is payable on demand and bears interest at a floating market rate, and accordingly, the fair market value approximates the carrying value. (CCNMatthews Press Releases)
Fortis Reports Second Quarter Earnings of $29 Million Aug 8, 2008
--------------------------------------------------------------------------- Fortis Inc. Significant Changes in the Consolidated Balance Sheets (Unaudited) between June 30, 2008 and December 31, 2007 --------------------------------------------------------------------------- Increase/ (Decrease) Balance Sheet Account ($ millions) Explanation --------------------------------------------------------------------------- Accounts receivable 101 The increase was primarily due to $208 million associated... (CCNMatthews Press Releases)
AT&T Gives Back Aug 8, 2008
WTVR-TV will report any individual winnings over $600 (in cash or fair market value of goods or services) in a one year period to the Internal Revenue Service. Winner(s) will receive a Form 1099 from WTVR-TV or if WTVR-TV reports any winnings to the Internal Revenue Service. (WTVR.com, VA)
CDC Corporation Reports Q2 2008 Results that Exceed Analyst Expectations with Adjusted Net Income of $0.04 per share Compared to Consensus of $0.01 per share Aug 8, 2008
"Second Quarter Highlights: Total revenue for CDC Software for Q2 2008 was an all-time record for the CDC Software division, with revenue of (U.S.)$96.1 million, an increase of 9 percent from (U.S.)$88.4 million in Q2 2007. Organic growth at CDC Software was up approximately 3 percent compared to the same quarter last year. Recurring maintenance revenue was (U.S.)$26.8 million, up 29 percent compared to Q2 2007. License revenue was (U.S.)$14.8 million, an increase of 21 percent from Q1 2008, or... (Yahoo! Wire -- Entertainment News)
Slow Cash Flow Prompts County to Finance Repairs Aug 8, 2008
In June the county contracted with Mendola and Associates to determine the fair market value. Kight said some residents had commented to him that better cellular service is needed especially in the outlying areas of the county. (Dublin Courier Herald, GA)
Integrys Energy Group Reports 2008 Second Quarter Financial Results Aug 7, 2008
Period-by-period variability in the margin contributed by Integrys Energy Services' retail and wholesale natural gas operations was primarily related to changes in the fair market value of basis swaps utilized to mitigate market price risk associated with natural gas transportation contracts and certain natural gas sales contracts, as well as contracts utilized to mitigate market price risk related to certain natural gas storage contracts. These non-cash unrealized gains and losses result from... (PR Newswire)
Brookdale Announces Second Quarter 2008 Results Aug 7, 2008
Cash From Facility Operations Cash From Facility Operations (CFFO) is a measurement of liquidity that is not calculated in accordance with GAAP and should not be considered in isolation as a substitute for cash flows provided by or used in operations, as determined in accordance with GAAP. We define CFFO as net cash provided by (used in) operating activities adjusted for changes in operating assets and liabilities, deferred interest and fees added to principal, refundable entrance fees received,... (PR Newswire)
Enerplus announces 2008 second quarter results and increase in monthly cash distribution rate Aug 7, 2008
In addition, other non-cash charges such as DDAnot a good proxy for the cost of maintaining our productive capacity as they are based on the historical costs of our PPnot the fair market value of replacing those assets within the context of the current environment. It is not possible to distinguish between capital spent on maintaining productive capacity and capital spent on growth opportunities in the oil and gas sector due to the nature of reserve reporting, natural reservoir declines and the... (Canada Newswire)
Commission hopefuls discuss fate of old Rec Center Aug 7, 2008
If not, they need to sell it at fair market value and the put back money in the county. First off, I think we should have kept it. (Gillette News-Record, WY)
Salem Communications Announces Second Quarter 2008 Total Revenue of $57.5 Million Aug 7, 2008
1 million, net of tax, for the quarter ended June 30, 2007 is due to the change in fair market value of the companys interest rate swaps ... 8 million, net of tax, for the six months ended June 30, 2007 is due to the change in fair market value of the company's interest rate swaps. (Yahoo! Wire -- Entertainment News)
Gerdau Ameristeel Announces Record Second Quarter 2008 Earnings Aug 6, 2008
7 million charge to writedown the carrying value of these investments to their fair market value of $54. 2 million. (Canada Newswire)
City pursues land agreement with state for parking project Aug 6, 2008
"We want to help the parking garage get built, but we want to do it in a way that's fair to the state," he said, adding that any deal would have to consider fair market value of the land while taking into account that the project will serve a public purpose. The state offered the city a long-term lease to forgive part of the debt, but the two sides did not reach an agreement Monday night. (Juneau Empire)
CCIDC board members removed Aug 6, 2008
Carole Alsworth wrote on Aug 5, 2008 10:04 PM:" I think the city should wait for a certified appraisal and go from there. The purpose of the city council is work in the best interest of the city and citizens. A fair market value should be the price of the land. ". Name. (Columbus Colorado County Citizen, TX)
Concerned about their future Aug 5, 2008
If the federal agency approves the request H.O. Properties would become the sole owner and could raise rents to fair market value, among several options. Nobody gets forced out, Henry asserted. (Hudson Register Star, NY)
Cascades loses $25-million in the quarter Aug 5, 2008
The company said its net income was negatively affected by a $13-million variation in the fair market value of hedging instruments on the company's U.S.-dollar denominated debt. Cascades Inc.. (Globe and Mail -- Business)
Several valued community partners Aug 3, 2008
WHAT YOU PROBABLY know is he is a very a successful developer from Bluffton, S.C.; is well-known in the South; has agreed to pay fair market value and all associated Realtor fees for the parcel; and has had many challenges because the site was heavily contaminated ... He has paid fair market value for the parcels involved. (The Augusta Chronicle)
Six Candidates Seek Party Nominations for County Assessor Aug 2, 2008
"This is vital if the assessor's office is to improve. "As assessor, I will have more accountability to the citizens when it comes to placing fair market value on properties as well as educating the community on how those values are derived and what their options are for appealing them. "First and foremost I believe accuracy is the key to finding fair values. One of my first tasks would be to work in the field with the appraisers. This will help to insure that all of the field agents are on the... (Missourian Publishing, MO)
Property Values Down, Assessments Stay Same Aug 2, 2008
The tax assessed value (TAV) of a home or other property is based on the fair market value (FMV) of a home. For homes, the TAV is 19 percent of the FMV. Commercial property is assessed at 32 percent of the FMV, and agricultural property is assessed at 12 percent. (Missourian Publishing, MO)
Spoiling for a fight: An ongoing dispute between landowners near the Muscatine Slough and Trustees is at a standstill for now. But the issue is likely to dredge up some more controversy next year Aug 2, 2008
If the Trustees attempt to take property through condemnation, they would be required to pay the owners the fair market value of the property they were taking. If the new easement required demolition of a shed or pole building, that value would also be included. (Muscatine Journal, IO)
Commissioners roll back county millage rate, approve school millage rate Aug 1, 2008
Taxes are based on 40 percent of the fair market value of the home. The board members also hosted their second public hearing on the general fund budget of the county with no public comments. (Catoosa County News, GA)
Donkomi On Ghana Telecom - Sell One Sell All Aug 1, 2008
In short, is everything being done to ensure that GT is sold at its fair market value. How are we ensuring that the NPP doesnt give out these assets on silver platters just as the NDC did during the massive divestiture of state corporations in the 90s. (Ghana Web, Ghana)
Ramirez deal was a necessity Aug 1, 2008
For years, the Red Sox have not been able to deal Manny Ram rez because they couldn't receive fair market value for him. And you know something. (Boston Globe -- Sports)
Hologic Announces Third Quarter Fiscal 2008 Operating Results Jul 31, 2008
3 million attributable to the increase in cost of revenues relating to the write-up of inventory to fair market value, and $70. 6 million attributable to the amortization of intangibles. (PR Newswire)
Spurge on guilt-free luxury travel Jul 31, 2008
The fair market value for the stay is $5,000, but the current bid is $2,000. The proceeds will go to Love Heals, a foundation for AIDS education. (MSNBC -- Travel)
North Shore land development debated Jul 31, 2008
City Councilman William Peduto, a former stadium authority board member, said any new agreement should include provisions that the teams and Continental pay fair market value for the land and incur penalties if they don't meet deadlines for developing the real estate. He said it also should include a community benefits agreement for North Side residents. (Pittsburgh Post-Gazette, PA)
Have a double taxation problem? Jul 31, 2008
At the time of your death, you'll be deemed to have sold the shares of that company at fair market value, which can give rise to a tax hit (unless you leave the shares to a spouse or spousal trust, in which case any tax liability can be deferred until your spouse dies) ... Today, I want to talk about the "pipeline strategy." When the shares of your holding company eventually make their way into the hands of your kids or other heirs, those heirs will end up with a high adjusted cost base (ACB),... (Globe and Mail -- Business)
North Central Bancshares, Inc. Announces Results for Second Quarter 2008 Jul 30, 2008
The carrying values of the Freddie Mac and Fannie Mae preferred stock and the AMF Ultra Short Mortgage Fund have been written down to their fair market value of $4,157,000 and $1,793,000, respectively, as of June 30, 2008. Excluding these impairment charges, net operating earnings were $969,000, or $0. (PR Newswire)
Ambassadors International, Inc. Reports Results for the Second Quarter 2008 Jul 30, 2008
We believe that such risks and uncertainties include, among others, general economic and business conditions; overall conditions in the cruise, marine, travel and insurance industries; potential claims related to our reinsurance business; further declines in the fair market value of our investments; lower investment yields; unexpected events that disrupt the operations of our cruise operations; environmental related factors; our ability to successfully integrate the operations of companies or... (PR Newswire)
ARM Holdings plc Reports Results for the Second Quarter and Half Year Ended 30 June 2008 Jul 30, 2008
" Q2 2008 - Revenue Analysis Revenue ($m)*** Revenue (GBPm) Q2 2008 Q2 2007 % Change Q2 2008 Q2 2007 % Change PD Licensing 30.2 45.3 -33% 15.3 23.2 -34% Royalties 51.0 40.1 27% 26.0 20.2 29% Total PD 81.2 85.4 -5% 41.3 43.4 -5% PIPD Licensing 12.6 14.0 -10% 6.4 7.1 -10% Royalties(1) 9.7 7.3 33% 4.9 3.6 36% Total PIPD 22.3 21.3 5% 11.3 10.7 5% Development Systems 16.2 14.1 15% 8.2 7.1 15% Services 8.4 8.4 4.2 4.3 -2% Total Revenue 128.1 129.2 -1% 65.0 65.5 -1% (1) Includes catch-up royalties in... (PR Newswire)
Farmington hears request for support on development (7) Jul 30, 2008
He later followed up by saying, We can t allow somebody to hold us up and rob us, referring to property owners who might ask for more than fair market value for their land. Eminent domain is a legal process in which municipalities can deem an area or single property as blighted, to allow for legal action to force demolition of structures on the property or their sale to make way for new development. (Park Hills Daily Journal, MO)
