Seven Hamilton County census tracts have been selected to participate in an evolving and little understood economic development program, which was quietly tucked into last year’s federal tax bill and designed to spur investment in “distressed communities.”

An opportunity zone is intended to spur development like residential, commercial, and businesses. If you’re investing in the Chattanooga area, you might want to check into this. It will provide very attractive tax incentives.

“An Opportunity Fund could reasonably leverage private investment and philanthropic dollars to invest in grocery stores, affordable housing, mixed-use retail development, and small businesses that would not have traditionally attracted investment from the private sector,” Thongnopnua wrote on the Metro Ideas Project website in April.

If you need land surveying services, like ALTA Surveys, in an opportunity zone, call our surveyors at (423) 702-6505.

ALTA Title Surveys are very complex and are commonly more costly than surveys following state standards because it takes more time and effort

Costs for such surveys could go up to 50% – 200% more than a similar boundary survey. It is also important to note that the more restrictive standard is followed in the survey if and when the state standard is more restrictive on a certain aspect than the ALTA standard. An ALTA Title Survey must show all data including boundary lines, main building location and all its improvements, location of ancillary buildings, rights-of-way, and easements or access rights by services such as water, telephone, tns, railway and other utilities. A helpful tip in outlining the scope of services of the land surveyor is to thoroughly go over the elements of “Table A – Optional Survey Responsibilities and Specifications”.
Before an ALTA Title Survey can be completed, there must be a current title commitment. This is where the land surveyor will refer for the legal description of the property and all legal encumbrances or exceptions. The areas of ownership, encumbrances, and improvements will be presented graphically including encroachments, if there is any.

All the affected parties; the buyer, seller, lender, and title insurance company must be indicated in the ALTA Title Survey certificate. The land surveyor and the title insurance company must closely work together in order to illustrate comprehensively all matters affecting the ownership of the land and improvements.

Requirements for an ALTA/ACSM Land Title Survey as detailed by the American Land Title Association, National Society of Professional Surveyors and the American Congress on Surveying and Mapping is certainly met through an ALTA Title Survey.

If we can help you with an ALTA Title Survey in the future, please don’t hesitate to contact us at Chattanooga Land Surveying Land Surveying at 423-702-6505 or fill out our contact form by clicking the link.