Posts tagged 22902

Charlottesville and Albemarle Governments Clash. Again.

in Albemarle Charlottesville Politics on

For anyone interested in a prime example of the City of Charlottesville’s and County of Albemarle’s occasionally dysfunctional relationship, Rachana Dixit and Brandon Shulleeta have great story in today’s Daily Progress . … The clash over money between Charlottesville and Albemarle County is turning into a political civil war, with warnings that each step from here will undermine collaborations that would cut expenses and instead possibly cost taxpayers big bucks down the road.

…Many county officials say it’s unfair that a state formula that determines education funding for localities — based largely on localities’ wealth — fails to account for the revenue-sharing agreement. Bell’s amendment proposal would count the money Albemarle pays Charlottesville toward the city’s wealth instead of the county’s wealth — which would increase state education funding for Albemarle in fiscal 2012 by $2.6 million and decrease Charlottesville’s state education funding by that same amount. …

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City of Charlottesville’s Assessments Decline

in Charlottesville on

In its annual review of Charlottesville properties, the City Assessor’s Office released figures that show the total value of property — including new construction — declined by .76 percent. … The city has 12,820 taxable residential parcels, and approximately 54 percent will have a decline in value and 40 percent will not show a change, excluding improvements and new construction. … Here are some details of this year’s figures: — Assessment for existing residential property declined in value by 2.19 percent.
… — When new construction is added to the value of existing property, the total value of property in the city declined by .76 percent.

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Mill Creek Embezzler?

in General Real Estate on

As I tell my clients – if a buyer gets the packet four days prior to closing, sneezes three times and deems that to be a bad omen, she can cancel the contract, ostensibly based on the homeowner’s packet.

…If the PROPERTY is within such a development and PURCHASER is buying the PROPERTY for own residence, the Act requires SELLER to obtain from the Property Owners’ Association an association disclosure packet and provide it to the PURCHASER. … PURCHASER may cancel this Contract (i) within three (3) days after the date of the Contract: (ii) three days after receiving the association disclosure packet or being notified that the association disclosure packet will not be available, if the packet or such notice is hand delivered or delivered with the consent of the PURCHASER by electronic means and a receipt obtained; or (iii) within six (6) days after postmark date if the packet or notice that the packet will not be available is sent to PURCHASER by United State mail. PURCHASER may cancel this Contract at any time prior to settlement if PURCHASER has not received the association disclosure packet or notice that the packet will not be available.

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