Crime reports for Aug. 1st (14) Aug 10, 2008
Joseph Allen Shuey, 38, of 7823 Donniewood Acres in Hope Mills, was arrested and charged with first degree rape, first degree sexual offense, second degree kidnapping, assault on a female, assault by pointing a gun, assault by deadly weapon, and injury to real property, according to police. No further information was available. (Lumberton The Robesonian, NC)
Sbarro, Inc. Announces Results of Operations for the Quarter and Six Months Ended June 29, 2008 Aug 9, 2008
The assets and related costs that we transferred (the "Withdrawn Assets") were: -- the interests in Broadhollow Realty LLC. and Broadhollow Fitness Center LLC., which owned the corporate headquarters of the Company, the fitness center and the assets of the Sbarro Cafe located at the corporate headquarters; -- a parcel of undeveloped real property located in East Northport, New York; -- the interests in Boulder Creek Ventures, LLC and Boulder Creek Holdings, LLC, which own a 40% interest in a... (PR Newswire)
Hamelt police arrest two drug suspects Aug 9, 2008
Christopher Blake Beasley, 18, Ghio Road, Hamlet, was arrested on felony charges of attempted larceny and conspiracy, and misdemeanor charges of attempted breaking and entering, and injury to real property. Bond was set at 5,000. (Rockingham Daily Journal, NC)
Restructuring charge cuts Quality Distribution earnings Aug 9, 2008
1 million from the sale of real property. The personnel reductions we took in the second quarter were difficult, but necessary in light of these challenging economic times, Gary Enzor, president and chief executive of the trucking company, said in the release. (Tampa Bay Business Journal, FL)
Budget wish list for all seasons Aug 9, 2008
In a bid to set the property sector in motion, the Government effectively suspended real property gains tax early last year. Yet another deterring cost for property transactions is stamp duty which can be as high as 3% where the property value is greater than RM500,000. (The Star Online, Malaysia)
Teranet Reports Solid Q2 Results Aug 8, 2008
Teranet provides exclusive access to Ontario's Electronic Land Registration System ("ELRS"), enabling customers to conduct electronic registrations as well as title and writ searches relating to real property. Teranet has also leveraged its core competencies to create electronic service offerings in complementary areas. (Canada Newswire)
Commissioners: Property rights may return to owners Planning commissioners say proposed changes to agricultural zoning will give some property rights back to landowners who lost them after the 2003 down-zoning Aug 8, 2008
"For most folks their net worth is in real property," he said. "I don't see what the problem to the county or the taxpayers would be, but I see a great benefit to the landowners.". (Fredericksburg.com, VA)
Calloway Real Estate Investment Trust Releases Second Quarter Results Aug 8, 2008
Such risk factors include, but are not limited to, risks associated with real property ownership, availability of cash flow, restrictions on redemption, general uninsured losses, future property acquisition, environmental matters, tax related matters, debt financing, Unitholder liability, potential conflicts of interest, potential dilution, and reliance on key personnel. Calloway cannot assure investors that actual results will be consistent with these forward looking statements and Calloway... (CCNMatthews Press Releases)
Softer market as buyers take cautious stance Aug 8, 2008
The exemption of real property gains tax and lifting of the need for approval from the Foreign Investment Committee are factors attracting foreign investors. With the global financial situation still unsettled, the current political climate in the country and imminent key interest rate hike, many are now adopting a wait and see attitude. (The Star Online, Malaysia -- Business)
United States Files Civil Forfeiture Complaint Against Proceeds of Alleged Massive Internet-Based Wire Fraud Scheme Aug 6, 2008
The complaint alleges that the real property and all of the funds, which were seized by the special agents of the U.S. Secret Service last Friday, are forfeitable to the United States. According to the complaint, all of the property constitutes proceeds of a massive Internet-based wire fraud scheme that Thomas A. Bowdoin Jr. and others allegedly operated out of a former flower shop located in Quincy, Fla. (PR Newswire)
Calumet Specialty Products Partners, L.P. Reports Second Quarter 2008 Earnings Aug 6, 2008
8 million on the lease of mineral rights on the real property at our Shreveport and Princeton refineries to an unaffiliated third party which have been accounted for as a sale ... Our ability to maintain compliance with these financial covenants in the quarter ended June 30, 2008 was substantially assisted by both reductions in our inventory levels, which resulted in LIFO inventory gains, and a one-time benefit from the sale of mineral rights on the real property at our Shreveport and Princeton... (PR Newswire)
October is current projected tax date Aug 6, 2008
The county has about 10,500 real property parcels and the comparison statements will cost 78 per statement, according to Blackford County Auditor Kathy Bantz. That adds up to 8,190, although the countys software company, GUTS, has quoted 12,120 parcels. (Hartford City News-Times, IN)
Walker commissioner lowers property tax rate Aug 6, 2008
Hughes said the county's cities actually saw a decrease in real property values of nearly $2. 8 million due to certain appeals that were filed by a couple of major industries. (WWalker County Messenger, GA)
CriticalControl announces 2008 second quarter financial results Aug 5, 2008
The strong growth in revenue from the Corporation's Imaging Service Bureau in this period was offset by strategic measures undertaken by management which resulted in a decrease in the sale of third party imaging equipment and a decline in real property solutions consulting for US municipalities. The end result was a modest increase in revenue, but a strong increase in both gross margin and bottom line profitability. (Canada Newswire)
Home Capital Reports Record Growth in Originations in Second Quarter Aug 5, 2008
The Company has security in the form of real property or cash deposits against loans totaling 99. 8% of the total loans portfolio. (Canada Newswire)
Suspect sought in shooting incident Aug 5, 2008
Alatroy Rashad Hilliard, 19, of 1281 Wisteria Drive, is facing charges of unlawful carrying of a pistol, malicious injury to real property under $1,000 and discharging a firearm in the city. We are looking for the suspect, Orangeburg Department of Public Safety Capt. Mike Adams said. (Orangeburg Times and Democrat, SC)
Woes related to high-rise living Aug 5, 2008
According to Chang, the Selangor Housing and Real Property Board (LPHS) previously performed the functions of the CoB but the Federal Government, through the Building and Common Property (Management and Maintenance) Act 2007, felt that local authorities should be entrusted with the job. Chang feels that the board should continue to have control over the JMBs and delegate its tasks through sub-CoBs, which should comprise individuals familiar with housing and local government issues while having... (The Star Online, Malaysia)
HRRA Continues Effort to Acquire Transfer Station Aug 5, 2008
The assets include numerous solid waste collection companies, the White Street transfer station, real property, race cars, etc ... "We met for the purpose of strategy for acquisition of real property in the city of Danbury," Ms. Reedy said. (Voices, CT)
Questions about property taxes? Aug 5, 2008
As the former director of the Greene County Real Property Tax Services Department, the workload borne by him and his staff has grown at a steady pace along with their responsibilities ... Among the numerous awards that have been bestowed upon Algozzine is the President s Award from the NYS County Directors of Real Property Tax Services, an honor that is not given lightly. (Catskill Daily Mail, NY)
Beware of Congress's new tax credit for first-time buyers - it's really a loan Aug 1, 2008
The law would provide homeowners who claim the standard deduction with an additional standard deduction for state and local real property taxes. The maximum that may be claimed under this provision is $500 ($1,000 for joint filers). (Boston Globe)
Builders fight house-warranty push Aug 1, 2008
The warranty provision governs only residential property, but Hauser noted that another part of the measure extends the right to sue anyone who develops, sells, designs, plans or builds any real property for up to 10 years. And that, she said, makes the summary description of the initiative false and deliberately deceptive because it could apply to commercial property as well as residential. (AZCentral -- Business)
TD Waterhouse pays $2M fine Aug 1, 2008
Only liquid assets, which do not include real property, should have been included in the calculations to determine the sophistication level of the investor, according to regulations. bshecter@nationalpost. (Financial Post)
ENCINITAS: Questions about state law emerge in Pacific View debate Jul 31, 2008
The governing board of each school district, prior to the sale, lease, or rental of any excess real property, shall appoint a district advisory committee to advise the governing board in the development of district wide policies and procedures governing the use or disposition of school buildings which is not needed for school purposes ... The school district advisory committee shall:(a) Review the projected school enrollment to determine the amount of surplus space and real property ... (b)... (North County Times)
CCIDC directors removed, land negotiations at standstill Jul 31, 2008
Listed on the agenda was action to authorize CCIDC to negotiate with the Theuts for the purchase of real property not to exceed 6. 5 acres in the Columbus Industrial Park at the price of 20,000 per acre. (Columbus Colorado County Citizen, TX)
State OKs tax credits for Central Ohio projects Jul 30, 2008
The village of Marble Cliff in May formed a community reinvestment area to allow developers to seek tax breaks for real property improvements. It was in response in part to Exxcel s interest in the former Custom Coach bus conversion plant at 1400 Dublin Road. (Columbus Business First, OH)
This storage building was one of many vandalized by teenagers at Little Park. Jul 30, 2008
Sherod Hill, 16, White Store Road, Wadesboro was charged with two counts of breaking and entering and larceny, damage to real property, and damage to personal property. Bond was set at $3,000 and a court date was set for Aug. 11. (Anson Record, NC)
Taser is used on man running Jul 30, 2008
Sean Thruston Terry, 21, Rockingham, was arrested on misdemeanor charges of breaking and entering, injury to real property and domestic criminal trespass. He was held in Richmond County Jail until a judge set bond. (Rockingham Daily Journal, NC)
Police solve break-in with arrest Jul 30, 2008
He was also arrested on misdemeanor charges of injury to real property and resisting arrest. His bond was set at 10,000. (Rockingham Daily Journal, NC)
County cutting red tape on mobile home tax Jul 30, 2008
The mobile home decals come into play when the Tax Assessor's Office is figuring the taxes due on the mobile home, which are considered personal property like automobiles, and the land it is placed on, which is considered real property. The reason decals must be physically placed on mobile homes is to prove the associated tax has been paid in the event they are moved, Belcher said. (Bainbridge Post Searchlight, GA)
Equalization Board readies for tax appeals Jul 28, 2008
Hester said the equalization board s function is to equalize the assessed value of all acreage lands, city and town lots, other real property and personal property subject to local assessment. According to Linda Heritage, County Clerk and secretary for the board, taxpayers with questions and comments regarding their property assessments may schedule appointments with the board by calling the clerk s office at 239-6311. (Paragould Daily Press, AR)
Diversify Beyond Stocks And Bonds Jul 28, 2008
Europeans commonly invest in notes and real property, which is still fairly atypical of most U.S. investors. Private placements in energy-related entities in Eastern Europe are booming right now. (Forbes)
Cauthen Drive incident results in arrests Jul 27, 2008
In another arrest, Robin Craig Smith, 43, Terry Bridge Road, Rockingham, was arrested on a felony charge of breaking and entering and misdemeanor charges of injury to real property and resisting arrest. His bond was set at 10,000. (Rockingham Daily Journal, NC)
County discusses Justice Center’s financial responsibility Jul 26, 2008
CLOSED DOORS Commissioners, the county administrator, the county counselor and the county s public works staff engineer met behind closed doors for 10 minutes regarding the acquisition of real property. Commissioners motioned and extended the meeting behind closed doors for an additional 10 minutes. (Leavenworth Times, KS)
Proposed panel could promote new businesses around town Jul 25, 2008
The board will be created to insure that the Limited Business Investment Tax Credit in Amenia will be offered only to those types of business located in geographic areas that are consistent with the purposes of Real Property Tax Law section 485-b and with the town's planning objectives. The board, once established, will also be directed to present the town board with a plan identifying the types of business that should be offered the Limited Business Investment Tax Credit, as well as the... (Henrietta Post, NY)
Queens Republican Enters Political Stage Jul 25, 2008
But mostly, Hornak wanted to see real property tax relief for homeowners. Calling recent property tax rate reductions token cuts, the Republican candidate wanted to make much steeper rate reductions from the high levels introduced by Bloomberg during a citywide recession in 2002. (Queens Chronicle, NY)
Oralie Troup Vigal: Story of Shattered Dreams Jul 24, 2008
Following the governor s death in 1856 and that of George Jr. a few years later, litigation, often ugly and greedy, ensued between the heirs of the governor, who had amassed a substantial fortune in real property and slaves. The remaining heirs, all children of Florida, stood to inherit all of the estate of their grandfather if Oralie never had any children. (Dublin Courier Herald, GA)
Foreclosure Halted for Couple Who Say They Were Tricked Into Selling Home Jul 23, 2008
In his analysis, Palmieri focused on Real Property Law 265-a, otherwise known as the Home Equity Theft Prevention Act. He noted that the statute was enacted to protect homeowners against "aggressive 'equity purchasers'" who, using deceitful practices, could induce the sale of a home for a fraction of its market value. (Law.com)
Selling up for super savings Jul 23, 2008
From a super fund compliance perspective, the ATO is more likely to look at whether the asset transferred is a listed security of a business real property. If it is, then the fund is probably OK,'' she said. (Sydney Morning Herald -- Business)
182,000 New Yorkers to Be Asked to Justify Tax Refunds Jul 22, 2008
The state is targeting filers who itemized deductions and claimed a refund under state tax credits, such as the earned income tax credit, a withholding credit or a real property tax credit, said agency spokesman Tom Bergin. "We're finding an increase in suspicious and fraudulent refund claims in these particular credits," Bergin said. (New York Post)
REITs an alternative to other stocks Jul 22, 2008
The edge that REITs have over real property is that in the former, investors would be buying them below their net asset values (NAV) whereas buyers would have to pay market prices for real property. The NAV of Quill Capita Trust, for instance, was reported as RM1. (The Star Online, Malaysia -- Business)
More of this story Jul 21, 2008
About fifty-six percent of the residential property parcels and over three-fourths of the commercial parcels in Ashley County will see their values increase as a result of the reappraisal of all real property, according to figures provided by Arkansas CAMA Technologies, the company which is completing the reappraisal. The values will increase on a little less than one-half of the county's agricultural and timber parcels. (Hamburg Ashley County Ledger, AR)
Legal aid: Foreclosure assistance hotline initiative to help distressed homeowners Jul 21, 2008
The Florida Bar, the , and members of the Real Property, Probate and Trust Law and Business Law sections combined forces for the project, which kicked off in early July. FLASH set up a toll-free hotline to take calls from homeowners having trouble making mortgage payments. (Tampa Bay Business Journal, FL)
Man to be arraigned on coverup charge Jul 20, 2008
Charged with wanton injury to real property, willful injuring of gravestones, and trespassing, the boys will face a hearing in Worcester Juvenile Court. Agnew didn't know when the boys will appear in court. (Boston Globe)
Board to Discuss Roof Work, Billboards Monday Jul 19, 2008
The board of alderman will conduct a public hearing at 6:30 p.m. Aug. 4, to consider annexation of real property into the corporate limits. Awards, Recognition. (Missourian Publishing, MO)
Four arrested for failing to appear Jul 19, 2008
Melony Scott, 41, Washington Street, Hamlet, was arrested on a misdemeanor charge of injury to real property. Nefetina Marie Gaddy, 25, Wadesboro, was arrested on a misdemeanor charge of making a harassing phone call. (Rockingham Daily Journal, NC)
Sonoma Valley Bancorp Announces Record Total Assets for the Second Quarter Jul 18, 2008
Sonoma Valley Bank was not a participant in the sub-prime mortgage market, though since the great majority of the company's loan portfolio is secured by real estate assets, it is not immune to problems caused by significant fluctuations in real property values. The company continues to closely monitor the performance of the loan portfolio, and the adequacy of the reserve account. (PR Newswire)
Attempted AC parts theft causes $150,000 damage at local industry Jul 17, 2008
Strange is charged with malicious injury to real property valued at more than $5,000. I m setting bond at $75,000 surety; it could go higher, Bates-Gray said. (Orangeburg Times and Democrat, SC)
CPA's theories assailed Jul 17, 2008
Deller said Porter's mother characterized the transactions as an investment strategy, saying Porter wanted to put money in real property because the stock market was volatile after the terrorist attacks of Sept. 11, 2001. SOME FISHY CHECKS: When Craig received a larger-than- usual monthly check from an annuity fund, Porter gave Craig the $1,200 he was accustomed to receiving, took $1,000 in cash and depleted the rest of the money within two weeks by writing a series of small checks to members of... (Modesto Bee, CA)
ESCONDIDO: Commercial project proposed for prime parcel in eastern area Jul 16, 2008
What wrote on Jul 15, 2008 5:28 PM:The agenda lists the following: CONFERENCE WITH REAL PROPERTY NEGOTIATOR (Government Code 54956 ... 8, which allows 'a legislative body of a local agency may hold a closed session with its negotiator prior to the purchase, sale, exchange, or lease of real property by or for the local agency to grant authority to its negotiator regarding the price and terms of payment for the purchase, sale, exchange, or lease. (North County Times)
Columbia County’s sales tax collections decline Jul 16, 2008
Sales tax revenues now exceed the real property tax as the largest revenue source for counties, the report said. State law permits only a 3 percent local sales tax, but 51 of 57 counties are authorized to levy above this rate and 44 of 57 counties impose sales tax rates of 4 percent or more. (Hudson Register Star, NY)
Off the block: Citing lack of bids, couple cancels home auction Jul 15, 2008
I'm not sure auctions are the best way to sell real property, Weisbecker said. It picks a point in time the only buyers are the ones you get that day. (Missoulian, MT)
Legacy Bancorp Inc. Jul 14, 2008
35 million for the real property and assuming deposit liabilities of about $76. 6 million. (Albany Times Union)
Real estate transfer tax brings in $239K to date Jul 13, 2008
Funds from the Community Preservation Fund are required by the CPA to be used for these purposes: o A plan for the preservation of community character o To acquire interests or rights in real property. o To establish a bank account pursuant to a transfer of development rights program o To provide a management and stewardship program for such rights and interests. (Rhinebeck Gazette Advertiser, NY)
State not ready for extreme tax freeze Jul 13, 2008
This compromise is the main reason why Wisconsin is not ready for a real property tax freeze. When Wisconsin first passed its version of a property tax freeze back in 2005, it was supposed to provide property tax relief for the citizens of this state. (Chetek Alert, WI)
Road strategy spares area's tribal lands Jul 13, 2008
-- A resolution accepting from Robert Kerley, John C. Thomson and Robert C. Mister a conveyance of real property on a parcel north of Florence. -- A resolution on the abandonment of a portion of North Walker Granite Road from Hunt Highway north approximately 891 feet to the end of the road, north of Florence. (Casa Grande Valley Newspapers, AZ)
Letters for Friday, July 11, 2008 Jul 13, 2008
After further reviewing the proposed real property tax bill now pending before the County Council, I feel that it is being offered under false pretenses. The administration spokesman at Wednesday s council meeting claimed that the bill would make the system fairer and simpler. (Lihue Garden Island, HA)
Hopkins sidewalk project to be awarded Jul 8, 2008
The Department of Natural Resources Web site said the grants, which are from an Environmental Protection Agency program, must be applied to brownfield land real property, the expansion, redevelopment or reuse of which may be complicated by the presence or potential presence of a hazardous substance, pollutant, or contaminant. In other developments around the Main Street area, the council also will vote on approving an additional 7,774 for the Bayou Teche museum. (New Iberia, LA)
DeKalb City (468) Jul 8, 2008
Matt S. Jordan, 23, of DeKalb and Jonathon J. Trutt, 23, of Sycamore were each charged with criminal trespass to real property. Trutt was also charged with possession of marijuana. (DeKalb Daily Chronicle, IL)
Friendswood waives farewell to fees Jul 8, 2008
In addition, all water and waste impact fees will be pardoned, and some or all real property taxes could be abated. "One of the Council's prominent objectives is invigorating downtown, and we anticipate owners taking advantage of them immediately," says Friendswood Mayor David Smith. (Houston Business Journal, TX)
Asing appointed interim mayor ... Brescia clear to build on land, chief says ... Talk Story ... Senior Calendar ... Household hazardous waste collection set for this weekend ... Corrections ... ';var marqueewidth="408px";var marqueeheight="25px";var marqueebgcolor="#white";////NO NEED TO EDIT BELOW THIS LINE////////////var pauseit=1;var marqueespeed=1 //slow speed down by 1 for NSvar copyspeed=marqueespeedvar pausespeed=(pauseit==0)? copyspeed: 0var iedom=document.all||document.getElementByIdif (iedom)document.write(''+marqueecontent+'')var actualwidth=''var cross_marquee, ns_marqueefunction populate(){if (iedom){cross_marquee=document.getElementById? document.getElementById("iemarquee") : document.all.iemarqueecross_marquee.style.left=parseInt(marqueewidth)+8+"px"cross_marquee.innerHTML=marqueecontentactualwidth=document.all? temp.offsetWidth : document.getElementById("temp").offsetWidth}else if (document.layers){ns_marquee=document.ns_marquee.document.ns_marquee2ns_marquee.left=parseInt(marqueewidth)+8ns_marquee.document.write(marqueecontent)ns_marquee.document.close()actualwidth=ns_marquee.document.width}lefttime=setInterval("scrollmarquee()",20)}window.onload=populate;function scrollmarquee(){if (iedom){if (parseInt(cross_marquee.style.left)>(actualwidth*(-1)+8))cross_marquee.style.left=parseInt(cross_marquee.style.left)-copyspeed+"px"elsecross_marquee.style.left=parseInt(marqueewidth)+8+"px"}else if (document.layers){if (ns_marquee.left>(actualwidth*(-1)+8))ns_marquee.left-=copyspeedelsens_marquee.left=parseInt(marqueewidth)+8}}if (iedom||document.layers){with (document){document.write('')if (iedom){write('')write('')write('')write('')}else if (document.layers){write('')write('')write('')}document.write('')}} Councilwoman JoAnn Yukimura waits her turn to congratulate Bill Kaipo’ Asing, Monday morning, after Asing was selected by unanimous vote to be the new mayor. Dennis Fujimoto/The Garden Island KAUAI NEWS Asing appointed interim mayorYukimura, Rapozo announce mayoral campaignsMore of this story Jul 8, 2008
He said the load on the council s plate is already enormous, noting pending legislation concerning gated communities, real property tax reform and agricultural subdivisions. It is not right and not fair that the council should be faced with tough issues politically during an election year. (Lihue Garden Island, HA)
Wind turbine deal spins up controversy Jul 7, 2008
"My understanding when (then-district attorney Carl) Morgan looked at the real property law and researched it ... there wasn't anything we could do," Hashem said ... According to Section 487 of the real property tax law, energy systems such as solar or wind are tax-exempt for 15 years. (Buffalo Business First, NY)
Board of Supes to review countywide assessment study Jul 6, 2008
The county Real Property Tax Department hired Jay Franklin to do a study of what consolidated assessment would look like in Columbia County ... Tompkins County, Franklin told the Board of Supervisors Real Property/Assessment Committee June 19, has the only true, countywide assessment program in New York state; Nassau County also has countywide assessment, but a couple of its towns do their own assessing ... Eleven municipalities have sole, appointed assessors and six municipalities elect... (Hudson Register Star, NY)
Majority Leader Skelos in Town, Backs Tax Cap Jul 4, 2008
"So we've done many positive things in terms of real property tax relief, he said, But we have to go further in controlling the escalating problem of property taxes and making New York State affordable.Homeowners like Karen Mustian say property taxes were the top concern when she was buying a home. She's looked throughout the region and found the City of Rochester to be the best fit."It was one of the least in terms of property taxes, when I looked at what it would actually cost me as a... (WOKR13 Rochester)
$4.7 billion: Assessed valuation gets boost from coal and oil Jul 3, 2008
New subdivisions, construction and improvements in the county caused real property to climb in value this year, up 13 percent to 637 million, Clements said. Altogether, it was another record breaking year for the county. (Gillette News-Record, WY)
Felon has another brush with law Jul 3, 2008
Caprena Shontae Williams, 22, Pineside Drive, Rockingham, was arrested on misdemeanor charges of second-degree trespass, communicating threats and injury to real property. She was released on a written promise to appear in court. (Rockingham Daily Journal, NC)
