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AVR
NON-CONFORMING USES
plant not public nuisance or nuisance per se, city could not legislate it out of existence→ phase out→ amortization period
AMORTIZATION- fixed period of time you get to use property, should be useful life
AVR says amortization period arbitrary and unreasonable→ what constitutes “useful life”?
a. AVR- remaining actual useful economic or expected life
b. City- recouped original investment + fully depreciated for tax purposes- court chooses this (clearer)
ALL DECISIONS RELATIVE
plant not public nuisance or nuisance per se, city could not legislate it out of existence→ phase out→ amortization period
AMORTIZATION- fixed period of time you get to use property, should be useful life
AVR says amortization period arbitrary and unreasonable→ what constitutes “useful life”?
a. AVR- remaining actual useful economic or expected life
b. City- recouped original investment + fully depreciated for tax purposes- court chooses this (clearer)
ALL DECISIONS RELATIVE
