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Tag: Capital

In war-hit Karabakh capital, residents inspect destroyed homes

Guennadi Avanessian had a big two-storey house at 28 Saroyan Street, with a wooden terrace and vines laden with dark grapes.

But his comfortable middle-class home in a well-off street in the capital of war-hit Nagorno-Karabakh region has been smashed to pieces during the conflict between neighbouring Azerbaijan and Armenia.

“I spent two years renovating this house with my own hands, and (Azerbaijani president) Aliyev destroyed it in two seconds with his bombs,” Avanessian rages to anyone who will listen from behind his moustache.

With a blue hat on his head, the 70-something clambers onto the huge heap of debris that is all that remains after the gutted house collapsed in on itself.

With a shovel, he searches through the twisted sheet metal, bits and pieces of the home’s structure and traces of his former life.

Azerbaijani forces bombarded the area a week ago, and it is the first time

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Xenia plans to spend $54M on capital improvements in next 5 years

Xenia City Council will consider approving a plan for all the city-funded projects to come in the next five years, including about $2 million a year on streets and a new fire station on the west side of town.



a car driving on a city street filled with lots of traffic: Dayton Daily News


© Chuck Hamlin
Dayton Daily News

The capital improvement plan has about $54 million of projects and improvements planned throughout the next five years. The city plans to spend about $2.4 million on streets annually, with some of those funds coming from grants, said Assistant City Manager Jared Holloway.

Holloway and City Manager Brent Merriman said conversations about some streets and storm water projects took a back seat in 2020 because of the coronavirus.

The city conducted a pavement condition index study in February 2020. Based on the condition of the streets in Xenia, the city plans for a minimum of $800,000 a year to be spent on rehabilitating roads.

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San Joaquin Valley Homes and Presidio Residential Capital Close on Two Parcels of Land in Visalia, Calif.

VISALIA, Calif., Oct. 2, 2020 /PRNewswire/ — San Joaquin Valley Homes (SJV Homes) and Presidio Residential Capital recently closed on two land parcels in Visalia to build a total of 121 single-family detached homes with single-level floor plans.

The first parcel on 19 acres, is named Arbor Gates and will introduce 91 lots near the northwest corner of Visalia Parkway and Demaree Street in southwest Visalia. The second, Cameron Court, encompasses nearly five acres near the southwest corner of Caldwell Avenue and Court Street in Visalia and will offer 30 lots. Model construction for both is planned for December 2020.

“We can’t wait to introduce homebuyers to these two new beautiful communities,” said Danny Garcia, vice president of sales at SJV Homes. “Both of these neighborhoods are in great locations in Visalia.”

Arbor Gates will be a gated community of garden-style homes and includes

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Capital Region nursing homes fined $32K for COVID-19 violations

Three Capital Region nursing homes have been fined by the state Department of Health for infection control and other lapses during the coronavirus pandemic, state health records show.

The Grand Rehabilitation and Nursing at Barnwell in Columbia County received one of the largest fines statewide at $22,000 for multiple violations that had “potential to cause more than minimal harm,” according to inspection reports. Violations centered around inadequate or improper use of personal protective equipment, failure to clean hands, improper groupings of suspected COVID-19 patients, and failure to notify residents of positive cases or deaths.

Two other facilities in the region — the Glens Falls Center for Rehabilitation and Nursing in Queensbury and Eddy Memorial Geriatric Center in Troy — received smaller fines of $6,000 and $4,000, respectively, for violations related to PPE use, hand hygiene and disinfection protocols.

Both Barnwell and the Glens Falls Center have experienced the region’s deadliest

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HJ Sims Secures $6.5 million Additional Debt Financing for Capital Improvements

FAIRFIELD, Conn., Sept. 30, 2020 /PRNewswire/ — HJ Sims (Sims), a privately held investment bank and wealth management firm founded in 1935, is pleased to announce the successful August 2020 transaction in the amount of $6.5 million additional debt financing for capital improvements for the Philadelphia Protestant Home (PPH). PPH operates a continuing care retirement community in northeast Philadelphia, featuring 266 independent living units, 175 personal-care units and 126-bed nursing facility.

hjsims.com
hjsims.com

PPH has been funding capital improvements from general fund revenues. To efficiently manage cash-flow, PPH elected to finance $6.5 million of upcoming capital improvements. Sims, as financial advisor, developed a financing plan that provided for the funding of the required capital improvements, while implementing a structure that maintained maximum flexibility to maintain their debt service at manageable levels.

Prior to engaging PPH’s existing banking partner, Citizens Bank (Citizens), Sims worked with the PPH Fiscal Oversight Committee

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DTI seeks capital limit on foreign contractors’ entry in PH

The Department of Trade and Industry  (DTI) is strongly batting for a limit on the capital requirement for foreign contractors to protect the small and medium contractors.

Trade and Industry Secretary Ramon M. Lopez stressed this during the Senate budget hearing when asked on the impact on small Filipino contractors the Supreme Court’s ruling liberalizing the entry of foreign-owned firms in the construction services sector in the country.

“If we can put a threshold for a certain level reserved for Filipinos,” said Lopez. He said that companies with capitalization of up to P100 million are defined as medium and those with higher capitalization are considered large.

“Offhand that should be a threshold, but large firms obviously be open for competition,” he said. He added that putting a threshold also protects local firms dealing with small foreign contractors as it would be difficult to run after foreign firms for liability issues

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Retailer Opens New Store in the Capital

Home Improvement retailer Wickes has opened a brand new store in Cardiff. The national brand closed its Cardiff West shop as part of its estate transformation strategy; relocating the operation to Dragon Retail Park, Newport Road, (opposite Morrisons). The store is open Monday to Saturday 7am – 6pm and Sunday 10am – 4pm.

New store, new offering 

The 30,000 square foot unit supports Wickes’ distinctive service model and new store format, with clear areas that cater for DIYers, small trade and those consumers looking for support on larger transformational home improvement projects. The new Cardiff store also marks a milestone for the retailer, as 60% of its stores nationwide are now in this new customer friendly format.

The quick, simple and easy to shop layout features a wide range of products and includes a Dulux in-store mixing service and a new outdoor project centre. A 5,000 square foot purpose built

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Tax Deductible Capital Improvements On One’s Home

Many home improvements are capital improvements. The Capital Improvements are tax deductible according to IRS if the home improvements meet a number of conditions. The home improvements are permanent addition to the home that increases the value of the home. Hence, the home improvements are substantial in which the value of home property appreciates, the life of home property prolongs, and the functionality of home property increases.

For example, placing a fence, adding a room, installing a driveway, implementing a swimming pool, installing a new roof, setting a new built-in heating systems are capital improvements.

The capital improvement increases the value of your home. For example, adding a new room increases the value of home. The new room increases the ability of the property to earn more income. Thereby, the value of home property increases as well.

Another example, adding a garage increases the value of home. Renters will pay … Read More