04-30-2008 CC MIN JT BOA - Laserfiche WebLink

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Board of Appeal and EquiEzation uses Page 9 Ap , 2008 -------------- 2. Frank Gam, Parcel Identification Number 75-405-0260 Mr. Galli. indicated that he believes the value placed on his property is too high. He explained that business has shred down as a result of the downtown revital.i ati n construction and he does not believe it is fair to raise the value of downtown businesses unto business picks up. Mr. Cu ern explained that a couple years ago the Department of Revenue Felt the downtown values were too low and mandated a 0% increase across the board. He stated that the downtown values have not been increased since that time mainly due to the traffic and construction issues do-%vntown. Mr. Cullen indicated that he is comfortable with the value and believes it is consistent with smear income -produce. businesses. He noted that if Mx - Galli provided him With the income information it would assist him in assuring the value is appropriate. MOVED Y COUNCILTVIEMBER Mo IN AN -D SECONDED BY COUNCILMEMBER ZERWAS TO MAKE No CHANGE O THE ESTIMATED VALUE of PARCEL 75-405-0260. MOTION CARRIED 5-0. . Melinda Bye (recently purchased home from Key -Land Homes), Parcel Identification Number 75-691-0445 Ms. Bye medicated that she purchased her home in April for $260,000 but the estimated market value is $2300,300. IIs. Bye presented ars appraisal that included three comparable sales. Ms. Bye would like the market value decreased to the appraisal amount of -3,00 3. els. Quinn stated tliat she already lowered the marker values on the entire Park Pointe Plat by a little over % because the plat appeared to be distressed. MOVED BY COUNCILMEMBER Z RWAS AND SECONDED BY COUNCILMEMBER FARBER TO MAKE NO CHANGE TO THE AT VA-LUE OF PARCEL -691-0445. MOTION FAILED 3-2. Mayor li. i s ouncllme ber G mphrey, an,d Counci member l , otin opposed. MOVED BY COUNCILMEMBER MOTIN AND SECONDED BY COUNCILME rBER GUMPHREY TO ADJUST THE BUILDING VALUE of PARCEL -691-0445 TO $212,000. MOTION CARRIED 4-1. Councihnember Zenvas apposed. . Mark Mal ahn, Parcel Identification Number 75-549-0115 NIL. Mal ahn indicated drat his home's esti aced market value is S�, 00_ He indicated that he hired an appraiser and based on the appraisal he would eke his market value adjusted tD $3001000. 1 l:r. Olson noted that mo of the comparable sales included in Mr. Malzahn's appraisal Nvere distressed properties. He also noted drat Mr. Malzahn received a depreciation o 4,5)00 due to some tree loss e pexienced as a result of oak'N-ilt.