The corporation then could
subdivide and sell the lots on an installment basis and use the sales proceeds to pay its installment obligation to the taxpayer.
The taxpayer formed a corporation wholly owned by the partners of the partnership, selling the land to the corporation at its fair market value (FMV), and letting the corporation
subdivide the land.
Utilizing the local expertise of NAI Batten & Moore of Charleston, SC, the team proposed a plan to
subdivide the property, selling the raw land separately and then the adjoining distribution center as a sale-leaseback.
This property has a stable cash flow and the offering is attractive to investors who would be looking to
subdivide the 2045 building or a purchaser that is looking to occupy the building," Newmark Knight Frank's Carton said.
Taylor was charged with illegally issuing certificates by which landowners avoided public hearings, thousands of dollars worth of fees and other requirements to
subdivide property.
The most contentious language in the contract for some teachers relates to small learning communities, an increasingly popular high school reform movement that asks large campuses to thematically
subdivide into smaller academies so that students have a more personalized experience.
The city wants to
subdivide 90 acres in the neighborhood of the Three Springs property.
Taylor, who had worked 20 years for the county Department of Regional Planning before he came under suspicion in August 2000, is charged with illegally issuing certificates by which landowners avoided public hearings, thousands of dollars worth of fees and other requirements to
subdivide property.
