Sorry to get off track with my sidebar snark comment... but...winters wrote:RoyGBiv wrote:You can't "own" the building and not the land... Not unless you're a complete fool, or we're talking about a double-wide.jamminbutter wrote:It seems that the TAD entry may refer to the actual land and not the building.. From what I have read and also heard from a friend on the Keller Parks committee is that the ISD manages and owns the building. Though that doesn't seem to make 100% sense./sarcasm
I'm on friendly terms with the manager over there... maybe I'll go ask her if she can shed any light on the City/ISD relationship details. Nothing to lose since it's already posted.
Ever heard of the texas medical center? i don't know of any hospital that owns the land all of those builds are on.Even the parking garages are owned by TMC. Quite a few of the roads there are actually private not public.
I would bet heavily that if "Entity A" owns the land and "Entity B" wants to build a building on it.... There's some contractual relationship between A and B that provides for a lease term for A's property. It is also likely that someone.... Possibly B or possibly "Entity C" decided it was a good enough business proposition to build that building on A's property and manage it until the lease expires or renews.... Especially if they tied Entity B into a long term occupancy deal....
However..... At the end of the contractual relationship... whatever it may be.... Whoever built that building better move it, or Entity A, the folks that own the underlying land, will take it over if it's not gone at the end of the lease.
So..... Yes... There may very well be a business reason that makes sense for me to build a building on land that I don't own... but... I'd better be able to fully amortize that building under the terms of the agreement I have with the landowner. Because unless I can relocate that building, I will have t give it up at the end of the contract.
Back to the case at hand..... City of Keller is listed by TAD as the owner of the land....
Code says that if the land is owned by the City, it can't be posted 30.06.
Does that hold in this case? Missing details still need to be fleshed out.