RE 415 site analysis

square foot in acre?

43560

government rectangular survey

W 1/2 of NE 1/4, section 32, T15N, R19E, town of forest, Found Du Lac County.

title

combination of all elements that constitute proof of ownership. see also abstract of title.

lot and block

lot 7, block 3, of McCabe addition to the city of Madison

term "use by right"

a use that the owner can put in place without any need to get rezoning or other recourse to legal or political intervention

what is best way to get information on a site?

ALTA survey is best! it brings everything together.

In U.S which agency publishes official floodplain maps>

FEMA

severe grade changes can?

add costs to development (extra grading, rock removal)

value created by a developer by consolidating ownership of multiple small parcels

assemblage value

ingress

right to enter a property

egress

right to exit a property

title search

examination of the record of title to determine ownership, uncover title defects, and identify encumbrances

value of extra land area not needed to support the primary building improvements that could be sold for a separate use

excess land

topography issues

flat sites are generally preferred for most income property types. slight grade change can be good for -underground parking access

metes and bound

from the point of beginning, then north 20 degrees west 110, then south 90 degrees west 250 degrees.

off site improvements

improvements that support the use of the site, but are not within the site boundaries (e.g street surface, curb, utility lines, ect.)

title insurance

insurance against financial loss resulting from claims that arise out of defects in the title to real property that were not disclosed at the time the policy was issued.

raw land

land is undeveloped; land in its natural state before grading, draining, subdivision, or installation of utilities; land with minimal or no appurtenant constructed improvements. "raw land", "vacant land" and "unimproved land".

improved land

land that has been prepared for development by grading, draining, installing streets and utilizing, ect. As distinguished from raw land; also called finished land. also land is considered "improved" when appurtenant improvements have been constructed for a particular use. See also improvements; improvements to land; site improvements.

official identification

legal description (metes and bounds, rectangular survey, lot and block) American land title association (ALTA) survey title insurance report

frequently the zoning of a property may change so that the current building may no longer conform to the zoning requirements. But, typically, the property can legally continue its use because it was "grandfathered in". what term describes situation

legally nonconforming use

value created by a developer when creating a residential subdivision

plattage value

which are acceptable forms of a legal description?

rectangular survey, metes and bounds, lot and block.

which of following are on site "site improvements"?

retaining wall concrete walkway at building entrance parking lot (NOT single family house and public streets)

which two of following terms could be used to describe a parcel that has been cleared, graded and has direct access to all necessary utility connections?

site and improved land.

unofficial identification

street name (US postal service) property name (grainger hall) tax parcel number (PIN)

on site improvements

structural improvements on the site, excluding buildings (e.g pavement, walkways, landscaping, retaining wall, utility lines, storm water sewer)

property with an office building has more land than necessary to support the office use. But, the extra land isn't configured in such a way that you could carve it off and sell it separately for a different use. ( so you want to increase building area, rather than sell because you can't)

surplus land

value reflects the potential to increase the building area on a site, rather than sell any extra land

surplus land

utility

usefulness of space is the ability of something to satisfy that need or want.

unimproved land

vacant land or land that lacks the essential, appurtenant improvements required to make it useful. also called "raw land", "vacant land", and unimproved land"

If you didn't pollute a site, can you be held responsible for clean up?

yes, an owner or past owner on the "chain of title" is a "potentially responsible party" under CERCLA (the "superfund" law)