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Board of Appeal and Equaaation lklin=5 <br />ApH 30,22008 <br />-------------- <br />Page 3 <br />MOVED BY COUNCILMEMBER M'N AND SECONDED BY <br />COUNCILMEMBER ZE WAS TO MAKE NO CHANGE TO H ESTIMATED <br />VALUE OF PARCEL 75-549-0115. MN CARRIED 5-0. <br />'troy Secroral representing owner Connie Saxton, Parcel Identification <br />`umber -728-0172 <br />Nfx. Segora indicated that the estimated market value on his townhome is 51993300. He <br />explained that there is a high vacancy rate in the to vnhomes in his development. ,fie noted <br />that a brand new end unit to,%mhorne in his development is currently listed for $169,000. He <br />would like to see his market value decreased. <br />Nir. Olson explained that he believes this is a development issue but was not comfortable <br />le <br />along a decision on just one property. �&. Olson added that the land value could be a little <br />high but he believes the total value is reasonable for the area. <br />The Board directed Nlr. Olson to review the land value and report back at the reconvene <br />Board of Appeal meeting. <br />6. Jack Zi ney, Parcel Identification Number � -0 .30 <br />Ir. Zimacy stated that his neighbor's value has adways been higher than his until this year. <br />fr. Zisnney indicated that he compared values in the La 'eyette Woods Development and <br />believes his house is the highest valued in that development. He noted that it is not the <br />largest or nicest home in die development. Mr. money stated that he spoke to Stephanie <br />Daniels and based on a mar et analysis she indicated Mr. Zimney could sed his home for <br />a ro.K=ately $325,000. Pv1r. Zim.ey noted he would be %xv lling to obtain an appraisal if that <br />would assist the board in th r decision. <br />Ir. Olson ex lamed that the neighbor INIx. Zu' =ey is referring to contacted the assessor's <br />office and asked that his basement he reassessed, !,fir. Olson stated that upon reassessment, <br />the conclusion was made that the basement had been estimated too high and the estimated <br />market .et value was reduced by $48,000, <br />MOVED BY COUNCILMEMBER MOTIN AND SECONDED B <br />COUNCILMEMBER FARBER TO ADJUST THE BUILDING VALUE <br />PARCEL -633-TO $279flOO. MOTION CARRIED 4-1. CoundLmember Zenvas <br />opposed. <br />7, Scot WooHey, Parcel Identification Number 755-585-0650 <br />x. Woolley indicated that he Feels his estimated market value is too high at $368,400. He <br />presented facts and findings to the board. Based on the current market conditions and <br />comparable sales in his development, he requester) his marliet value be adjusted to $314,000. <br />He noted that be was offered a $10,000 reduction by Mr. Olson but he did not feel this was <br />sufficient. <br />Mr. Olson reviewed comparable sales to Mr. Woolley's property. He indicated that die <br />market values in La 'eyette'Hoods have not been changed for three consecutive years. <br />MOVED BY C UNCILMEMB R GUMPHREY AND SECONDED B <br />COUNCILMEMBER MOTIN TO ADJUST THE BUILDING VALDE OF <br />