Abandoned Water Right A water right, which was not put to beneficial use
for a number of years, generally five to seven years.
Abatement A reduction or decrease in the amount, degree, intensity or worth. Tax
abatements are common incentive offers made by places that want economic
development.
Absenteeism The ratio of workers with absences to
total full-time wage and salary employment. Absences are defined as instances
when persons who usually work 35 or more hours per week worked less than 35
hours during the reference week for one of the following reasons: own illness,
injury, or medical problems; child-care problems; other family or personal
obligations; civic or military duty; and maternity or paternity leave. See also Turnover Rates.
Absorption Rate An estimate or calculation of the rate at which a specific property or properties in an area will be or were sold or occupied during a given period of time, such as a year.
Accelerated
Cost Recovery ACR is a means of
depreciating property that results in faster recovery of cost over a set period
of time. The accelerated cost recovery method is different from the
straight-line method.
Accelerated Depreciation Any depreciation method that produces larger deductions for
depreciation in the early years of an asset's life. Accelerated cost recovery
system (ACRS), which is a depreciation schedule allowed for tax purposes, is
one such example.
ACCRA Composite
Cost of Living Index The
Composite Cost of Living Index provides a numerical index, which compares the
relative cost of living from one community to another. The average for all participating areas
equals 100, and each community’s index is read as a percentage of the average
for all participating areas. The ACCRA
cost of living index relies on voluntary participation for data collection. Therefore, ACCRA does not have data for all
communities. Initially, ACCRA was an
acronym for the American Chamber of Commerce Research Association, but most
recently it is simply a title for a multipurpose organization serving a variety
of economic development and educational institutions. http://www.accra.org/index.html
Accretion A
gradual increase in land area adjacent to a river.
Accumulated Sludge Sludge that is 99% active with living healthy microorganisms.
Acid Rain
The acidic rainfall which results when rain combines with sulfur oxide
emissions from combustion of fossil fuels.
Achievement
Test The annual
Pennsylvania System of School Assessment (PSSA) is a standards-based
criterion-referenced assessment used to measure a student's attainment of the academic
standards while also determining the degree to which school programs enable
students to attain proficiency of the standards. Every Pennsylvania student in
5th, 8th and 11th grade is assessed for their reading and math abilities, and
all students in grades 11 are assessed for their writing ability.
http://www.pde.state.pa.us/a_and_t/cwp/browse.asp?a=3&bc=0&c=27525&a_and_tNav=|633|&a_and_tNav=|
Acquisition
Cost The cost to purchase land or building.
Acre A measure equal to 43,560 sf (square feet),
4,840 square yards, 4,047 sm (square meters, 160 square rods, or 0.4047
hectare. A square acre is 208.71' X 208.71' (' = feet).
Acre-Foot
The amount of water required to cover one acre to a depth of one foot.
An acre-foot equals 325,851 gallons, or 43,560 cubic feet. A flow of 1 cubic
foot per second produces 1.98 acre-feet per day.
Activated Carbon Adsorption The process of pollutants moving out of water and attaching on
to activated carbon.
Activated Sludge Process Process where accumulated sludge is returned back to the
digestion chamber to further increase treatment efficiency.
ACT Test The ACT Assessment®
is designed to assess high school students' general educational development and
their ability to complete college-level work. The tests cover four skill areas:
English, Mathematics, Reading, and Science reasoning. http://www.act.org/
Aesthetic Considerations The appearance of a site or building that is pleasing in either
form or function.
ADSL Telecommunications acronym
meaning Asymmetrical Digital Subscriber Line. Digital subscriber line technologies allow
telecommunications companies to using existing twisted pair copper line to
transport multimedia and high-speed data transmissions. Compared to standard DSL service, ADSL will
have different speeds for data coming into a system versus data being
transmitted out.
Ad Valorem According to valuation (Latin), a term used in
assessing and taxing property.
Aeration
The mixing or turbulent exposure of water to
air and oxygen to dissipate volatile contaminants and other pollutants into the
air.
Aerobic Bacteria Free dissolved oxygen is required for this
type of bacteria to live, as well as to assist in the treatment of wastewater.
Aesthetic
Considerations Characteristics
of a site deemed desirable. Usually
these attributes are considered to be either pleasing to the eye, make a
positive statement about the company’s ideals/ojectives or promote their
product/service in some fashion.
Visibility, surrounding land use, architecture and design are but a few
considerations.
After-Tax Income adjusted for the effect that taxes due or paid have upon it.
Air Traffic
Hub See Hub Classification.
Algae Bloom A
phenomenon whereby excessive nutrients within a river, stream or lake cause an
explosion of plant life, which results in the depletion of the oxygen in the
water needed by fish and other aquatic life. Algae bloom is usually the result
of urban runoff (of lawn fertilizers, etc.). The potential tragedy is that of a
"fish kill," where the stream life dies in one mass extinction.
Alkalinity The
measurement of constituents in a water supply that determine alkaline
conditions. The alkalinity of water is a measure of its capacity to neutralize
acids. See pH.
Alignment The marshalling of resources
and the directive to focus toward a specific call to action, with a clear
understanding of the objectives of the site selection undertaking, the process
and procedures to be followed, and the hierarchy of personnel and reporting
structure to be followed. To strategize
with a plan.
Alluvium Sediments deposited by erosion processes, usually by streams.
Alternating Current (AC) An electric current that reverses its
direction of flow periodically, as contrasted to direct current.
Alternative Fuels Any
non-traditional energy or fuel source. Under the Energy Policy Act of 1992
(EPAct) alternative fuels for vehicles include: methanol; denatured ethanol;
mixtures containing a volume of 85 percent or more of methanol, denatured
ethanol, or other alcohols with gasoline or other fuels; natural gas; liquefied
petroleum gas; hydrogen; coal-derived liquid fuels; fuels derived from
biological materials; electricity (including electricity from solar energy);
and any other substantially non-petroleum fuel designated by the Secretary of
the Environmental Protection Agency (EPA).
Amenities The tangible and intangible features that
enhance and add to the value or perceived value of a location or community.
American National Standards Institute See ANSI
American Public Works Association See APWA
Amortize The act of reducing a debt through
installments. To reduce a financial obligation by making payments against the
principal balance in installments or regular transfers, or to write off the
cost of an asset over a period of time in a statement of accounts.
Ampere (amp) The unit of
measure of an electric current. It is proportional to the quantity of electrons
flowing through a conductor past a given point in one second. It is analogous
to cubic feet of water flowing per second. It is the unit current produced in a
circuit by one volt acting across a resistance of one ohm.
Anaerobic Bacteria Bacteria that grow only in the absence of free dissolved oxygen.
Analog Signal The phone system was built originally for analog voice
communication in a narrow range of frequencies. Analog signals are made up 3 primary electrical characteristics:
frequency, amplitude, and phase. A
transmission (of voice or data) is conveyed by varying the frequency, amplitude
or phase of the carrier. Analog
switches convert sound waves into electrical signals with varying frequency and
amplitude.
Analog Switch Switching equipment designed, designated, or used to connect
circuits between users for real-time transmission of analog signals.
Ancillary Labor
Workers not actually in a
labor market such as retirees, separating military personnel, students or
spouses that have no record of seeking a job in a market. Ancillary Labor is a classification of
workers who may be counted as potential workers in a given labor pool. Labor
pools containing potential supplemental workers are sometimes referred to as
ancillary labor pools.
Annex The act of joining or adding one property, area or thing to another.
ANSI
American
National Standards Institute. The coordinating organization
for America's federated national standards system. The ANSI federation consists
of nine hundred companies, large and small, and some two hundred trade,
technical, professional, labor, and consumer organizations.
Appraisal An examination that
formulates and helps support an opinion about real property value. Usually a
professional appraiser is required to perform an examination and render an
opinion using one of the following approaches:
Cost
approach - An estimated value based on the cost of reproduction or replacement of
improvements, less depreciation, plus the value of the land, with land-value
usually being determined by the market approach.
Income
approach - An estimated value based on the capitalization of income and
productivity - often referred to as the income approach to value or the
economic approach to value. This approach is concerned with the present worth
of future benefits of the property.
Market
approach - A comparative analysis of current sales prices of similar properties,
after making necessary adjustments for any differences in them. Also called the
market-data approach or the direct sales comparison approach.
APWA American Public Works Association. An
international educational and professional association of public agencies,
private sector companies, and individuals dedicated to providing high quality
public works goods and services.
Chartered in 1937 and having 2 offices and 67 chapters in the United
States, it is the oldest and largest organization of its kind in the world.
Aquifer An
underground area that contains fresh water in sufficient amounts to yield useful
quantities to wells and springs.
Areas
of Interest Candidate
locations within a specific geographic region that meet the preliminary
requirements of a project. These areas
are capable of fulfilling the minimum requirements of a project.
Arm's Length
Transaction A transaction during which
the parties deal from equal bargaining positions and stand upon the strict letter
of the law or act in a formal manner on all exchanges.
Artificial Wetlands Wetlands that are artificially created, often as part of a water
treatment facility.
Artesian Aquifer A geologic formation in which water is under sufficient
hydrostatic pressure to be discharged to the surface without pumping.
Artesian Well A water well drilled into a confined aquifer where enough hydraulic
pressure exists for the water to flow to the surface without pumping.
Artesian Zone A zone where water is confined in an aquifer under pressure so
that the water will rise in the well casing or drilled hole above the bottom of
the confining layer overlying the aquifer.
Assessed Value The value placed upon property after
multiplying the assessment level by the market value.
Assessment An official valuation of real property for tax purposes based on appraisal.
Assessment Ratio Percentage applied to the total appraised value (taxable value)
of the property.
Attainment A geographic area in which levels of an air
pollutant meet the health-based primary standard (national ambient air quality
standard, or NAAQS) for the
pollutant. For example, an area that is
in “attainment” for ozone (one of the criteria NAAQS criteria pollutants) is
deemed to have an acceptable level of ozone in the air. An area may have an acceptable level for one
criteria air pollutant, but may have unacceptable levels for others. Thus, an
area could be both attainment and nonattainment at the same time. Attainment
areas are defined using federal pollutant limits set by EPA. Air
Attainment Status: http://www.epa.gov/oar/oaqps/greenbk/
Attrition The gradual reduction in the number of employees. Attrition is brought
about by not replacing those who leave an employer or a workforce. The
personnel loss from the workforce of a relocating company or operation, at its
original location, and replaced at the new location, is sometimes counted as
attrition, although the loss my not be so gradual.
Availability
A site or
building that is for sale or lease. The
degree that groundbreaking, possession or occupancy can take place.
Available
Building A structure offered for sale
or lease. Available buildings include shells that are partially constructed so
that they can be completed to specifications. Shell buildings may also
be speculative buildings or spec buildings. A spec
building, however, doesn't necessary have to be built as a shell. A speculative
building may be built and made available in a way that makes it ready to
occupy on short notice.
Average Cost Referring to utility usage, this is a
method of determining the cost of providing a service, generally power, to the
various customer classes. Average
cost-of-service figures may be used in setting rates. Average costs are
determined with the aid of information gathered in a cost-of-service study.
Average costs are total costs divided by the number of units produced. This
method of costing, while distinguishing costs between different customer
classes, fails to recognize that not all kilowatts and kilowatt-hours are
produced at the same cost within one customer class. Seasonal, time-of-day and
marginal cost-based rates more accurately reflect the true costs of producing
each kilowatt or kilowatt-hour.
Average Demand The total demand for water/sewer during a period of time divided
by the number of days in that time period. This is also called the average
daily demand.