Diana,
Wow! Thanks for the info....now those books make a little more sense.
Melinda
----- Original Message ----
From: "CatLvrBBW(a)aol.com" <CatLvrBBW(a)aol.com>
To: inshelby(a)rootsweb.com
Sent: Tuesday, April 29, 2008 10:20:09 PM
Subject: Re: [INSHELBY] moldy books rescue
Melinda, Diana and I finished the inventory on Saturday. We inventoried 660
books (and four raccoons). Even after I "take out" the treasurers books
that have no names in them, there are still well over 400 that are worth our
time.
Hi all,
The inventory has some really cool stuff-I liked the assessor plat books
that have the hand drawn plat maps of all my farmer ancestors. We were
pretty much the 3 stooges salivating over books with dates in the 1800s. Names,
names and more names. And yes, I went on from the moldy books to gardening at
my mom's only a couple of miles away!
One thing I did learn-we had some books that referred to Barretts Law and we
weren't sure what it was. Here's the scoop!
Diana
Question: I'm considering buying a home in Marion County in a neighborhood
effected by Barrett Law. What is the law? Although I'm planning to stay in
this home for 10 years or more, what is the potential long-term affect of the
law on my property value or my resale possibilities?
Answer: Barrett Law is an Indiana Statute that was enacted in 1905. This law
provides a detailed procedure to be followed when a local government seeks
to make permanent improvements for the benefit of the public. Those
improvements include construction of streets, alleys, sidewalks, curbs and gutters,
sanitary sewers and other public works. Currently, the City of Indianapolis uses
Barrett Law assessments for the construction of sewers and water supply
lines.
Under Barrett Law, Marion County and the City of Indianapolis can charge or
assess impacted property owners the construction costs of the project. The
Barrett assessment can be paid by the initial owner in one of two ways: 1) cash
within 30 days after project completion with no interest, or 2) the
assessment can be paid over 10, 20 or 30 years with monthly or annual payments. As a
buyer of a property with an existing assessment, you can negotiate payment of
the assessment by the seller, or agree to assume the balance.
Installment payments require the payment of a fixed rate of interest
currently at 3.5 percent. Until recently, the interest rate was 7 percent. Since the
terms of the repayment cannot be changed or refinanced, you should find out
what the rate is to determine how best to deal with future payments.
In almost every instance, the improvement financed by the Barrett assessment
will increase your property's market value to cover the cost, and should
make your home more attractive to prospective buyers in the future.
Roger Howard
1st Home Realty
_http://www.mibor.com/resources/faq_real_estate_law.asp_
(
http://www.mibor.com/resources/faq_real_estate_law.asp)
IC 36-9-37
Chapter 37. Barrett Law Funding for Municipalities
_http://www.in.gov/legislative/ic/code/title36/ar9/ch37.html_
(
http://www.in.gov/legislative/ic/code/title36/ar9/ch37.html)
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(
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Don't forget to check out our genealogy web site.
http://shelbycountyindiana.org
Shelby County Researchers, please send me an e-mail with your contact information and the
surnames that you are researching (mmweaver1864(a)sbcglobal.net) and let me know if that
information changes. I would like to keep track of all of our researchers. Thanks,
Melinda
Any questions or problems regarding this list should be directed to me
(mmweaver1864(a)sbcglobal.net). Thanks, Melinda
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