Q5 a) Alternative Dispute Resolution (ADR) is the panacea for the eliminating the problems that litigation poses in the justice delivery system in Ghana especially conflicts relating to land. Give four (4) advantages of ADR over the adversary system of conflict resolution. (8 Marks) b) The Estate Surveyor by his/her training and position in the land acquisition and development "ladder" is a very appropriate choice as a Facilitator in the resolution and management of land related conflict. The courts are saddled with land cases which are amenable to resolution by ADR mechanism. Briefly outline the skills of the Estate Surveyor which serves to make him/her a very useful Facilitator in the ADR approach in the resolution of land related conflicts and illustrate with two examples of land conflicts that he/she can assist to resolve without resort to litigation. (12 Marks) SECTION D Q6 a. Briefly explain the following: I. Master plan II. Divisional plan III. Block plan (3 marks) b. Mention any four Property Use Codes you know in rating valuation. You may give the Codes and property use descriptions. (2 marks) c. The Cape Coast Municipal Assembly carried out a revaluation exercise in 2007. The Categories and Rates prepared for Category D was GH $1,940.00 and GH\$2,245.00 per metre square as minimum and maximum respectively. During the valuation exercise, as the Municipal Rating Valuer, you adopted GH$2, 000.00 as fair and reasonable rate per metre square to value property numbered 2/4/20 located at Abum near Kotokraba Market owned by Opanyin Okrah Kwadwo. In 2010, the Municipal Assembly granted building permit to Opanyin Okrah Kwadwo to carry out extension works to his property. The total area covered by the extension works was 65 square meters and the Adopted Rateable Value before the extension works was GH$125,000.00. In January, 2012, the Municipal Assembly decided to carry out Supplementary Valuation to cover new and altered properties in the municipality to raise funds for development projects. Arrangements were concluded with the World Bank to grant GH$2,000,000.00 for the commencement of the Revaluation in 2013. As the Municipal Rating Valuer, you prepared Categories and Rates in June 2012 adopting a rate of GH$3,500.00 per metre square for property numbered 2/4/20 for the Revaluation in 2013. Assuming a maximum depreciation of 25%, calculate the new adopted rateable value of property numbered 2/4/20 to be included in the Supplementary Valuation List. (15 marks) Q7. Mr. Bulubulu, a real estate developer has just secured a permission to build two large industrial units on a vacant land. The first unit, which will be 5,000 m2 gross internal area and will be completed in nine months and sold immediately. The second unit, of 4,000m2 gross internal area, will be developed after completion of the first unit and will also take a total of nine months to completed and sell. Costs and values are estimated as follows: a. Using the information provided above and assuming a discount rate of 25% (capitalisation rate of 12.50 ), assess the land value of the site. b. Briefly explain the rational for your selection of Valuation Method (20 Marks)
