Business Today :: Business Intelligence: Serving business owners in Cabarrus, Lake Norman, University City
Business Intelligence: Serving the Golden Crescent, including Lake Norman, Cabarrus and University City  
Bits & Briefs

LKN Chamber events

In recognition of “Small Business”, the Lake Norman Chamber of Commerce has planned a week long series of events, seminars, and activities May 21-25.

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Green Drinks LKN

May 31 Campania Cafe

Green Drinks Lake Norman will discuss the US Department of Energy's Clean Cities program at Campania Cafe on May 31 from 5:30 to 7:00 p.m.  Speakers and topics will include new and growing companies and more professionals in the green, energy and sustainable sectors. 


Textile documentary debuts
May 17 at Gem Theatre

“Stitched in Time,” a mini-documentary produced by the Cabarrus Chamber of Commerce leadership class, will debut at the Gem Theatre on May 17 at 7 p.m. The film explores the history of the county’s textile industry through personal stories shared by former mill employees. The Cabarrus Chamber Leadership Class brought Historic Cabarrus Inc., Kannapolis History Associates, the A. L. Brown High School Digital Media Department and students from Concord High School into the project. The documentary was directed by A. L. Brown’s digital media teacher, Jonathan Greene.

 


Doggy business gets permit

May 8 Lucky Dog, a proposed doggy daycare, dog park and coffee/drinks bar in the former Kylie’s Restaurant on Highway 21, was granted a conditional use permit by the Cornelius Town Board at the Monday night meeting. Owners of the nearby Hampton Inn raised objections to the facility because of the possibility that barking dogs would disturb their guests' sleep. Bob Daly, one of the owners of Daly Seven, which owns the hotel, said the company is in the "sleep business." Hampton Inn policy is such that all guests get a full refund if they are not completely satisfied. The board vote, however, was unanimous, in favor of the new canid venture.


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Town of Cornelius demands moratorium on revaluation appeals

TARTE

Jan. 31 With property re-valuation cases stacking up, and municipal budget time fast approaching, the town of Cornelius is looking for answers from Mecklenburg County about process and procedures. Indeed, a letter from the Town Board of Cornelius signed by Mayor Jeff Tarte today asks that "a moratorium be immediately put into place on processing further revaluation appeals until all affected citizens are assure of due process, fair and equal treatment and adequate information to make informed decisions."

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Read the Letter

Although tax bills have been sent with new valuations--many of them substantially higher than the 2003 valuation and higher than current property values--the backlog of appeals is said to be enormous, based on the number that can be heard each day.

COGDELL

While Mecklenburg officials are still looking at ways to speed up the handling of appeals,  The board handles appeals where a property owner isn't satisfied with the results of an informal review by county staff. It has been meeting since August and currently considers 75 cases a day, three times per week.

The stakes are high. In a town with literally thousands of houses valued at more than $500,000, a property owners bill can soar from $5,000 a year to $7,500 a year if the appraisal climbs 50 percent. Some waterfront property appraisals have risen more than that.

It's happened to senior citizens who bought lakefront properties years ago. Bob Deaton, a retiree on Belle Isle Drive, saw his property valuation climb from $568,000 to $937,000.

Mayor Pro Tem Lynette Rinker said the "outrageous part" is that the County has followed the letter of the revaluation law. "I would argue perhaps not the laws of customer relations, so our next step will be to work with our legislative delegation to change the law to include more explicit protections for our taxpayers so that there are caps on the percentage a property can go up and more protections for senior citizens so they are not forced out of their homes," she said.

Bill Rakatansky, a resident of Norman Shores, said his dealings with the County Tax Assessors office have been confusing at best. "There is a default in-house system that no one knows about," he said.

The letter sent by the Town Board to the Mecklenburg County Board Chairman Harold Cogdell and James Barnett, chairman of the Board of Equalization and Review, said there are "drastically disparate assessed values between neighbors or within neighborhoods."

Mecklenburg reset property values this year for the first time since 2003. Most values rose, but about a third of single-family homes in the county lost value, the biggest percentage in decades.

The county received more than 36,000 challenges to the new values, and officials said in November that just over half of the informal reviews have been completed. Of those, less than 7,000 property owners have advanced their appeals to the Board of Equalization and Review.

At the meetings, property owners get five minutes to explain why the value of their home or business should be changed. Homeowners are asked to submit evidence at least 10 days in advance, though the county plans to ask owners to provide the information sooner.

The letter signed by Mayor Tarte said that homeowners who appeal are often denied access to the "value information relied on by the county."

Hot Properties

May 2012

In Cornelius

A short sale at 21600 Norman Shores Drive has sold for $1.42 million after being listed at more than $2.5 million in the past. The Craftsman style lakefront home has an “auto showroom” on the lower level...

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Entrepreneurs

Top line growth is key to
company built on service

Randy Stewart
Back in 2005, Randy Stewart went through a dozen new employees. Indeed, finding good people is one of the top challenges at Fabrication Automation, a Concord-based company that sells and services equipment that cuts steel plate.
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On the Record (register to access)

New corporations: May 2012

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Foreclosures: May 2012

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Homes sales: May. 2012

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