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Schoel advises interested parties of the feasibility of
development plans for specified real estate. It conducts
evaluations of subject properties and identifies restraints and
obstacles associated with such properties in light of existing
development plans. The evaluation process involves the
consideration of numerous criteria, including zoning
classification, utility availability, accessibility, topography,
soil conditions, and development costs.
The Schoel report states that the general location of parcel
A is favorable, but the parcel suffers due to its limited
accessibility. The report all but dismisses the value of the
approximately 300 feet of frontage parcel A has to Highway 280
and concludes that access to parcel A would likely be limited to
that which could be achieved from Cahaba River Road. The Schoel
report characterizes the topography and soil conditions of parcel
A as "extreme" and likely to result in significant development
costs.
The findings of the Schoel report indicate, however, that
parcel A was benefited by the availability of utilities,
including gas, electricity, and water. The sole exception
involved sewer access, and the report indicates that further
study would be necessary in order to obtain a more definite
opinion in that regard. The Schoel report also states that a
serious drainage condition exists on parcel A as a result of
runoff from the Bell property. According to the report, this
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