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~i ; <br />~-i~- ~~ <br />2 <br />Chair Willhoit noted that the Orange County Democratic party requested <br />that the Board-adopt a policy on the length of time a resume would be kept one <br />file. Willhoit made the recommendation to keep all resumes in an active) <br />status for one .year and then notify accordingly. All appointanents will be. <br />i <br />listed on each agenda - the first time for information and the second time; <br />for consideration with resumes attached. <br />D. REPORTS ~~ ~ i <br />1. Utility Company~ABggain (Gatos Ratio study) .(see file ~ s in <br />. .' <br />the Clerk's ..files .for a copy of this study) j <br />Kermit Lloyd, Tax Supervisor reported .his findings and gave Nisi <br />recommendation, on the Utility Company appeals. Upon examination of .the ;_ <br />Assessment-Sales Ratio Study from the Assessment Analysis Associates, Inc.,i, <br />there are indications that the entire study is in question ~in accordance withi <br />27 arms length sales being discarded due to the criteria established by the <br />AAA report as stipulated on pages 25 and 26. When these sales are removed) <br />from the sales ratio study a mean ratio of 85.10 is established which is in~ <br />the required parameters. Also upon investigation of the non arms length <br />sales, 12 were found that did not meet the criteria for non arms length sales ~ <br />and were included back into the sales ratio taunt which gives a sales ratio j <br />of 85.48, which is more than the sales ratio of 85 required by law. G.S. <br />105.342 stater that the level of assessment is measured against all locally ': <br />appraised property= therefore, personal property should be factored into the <br />level of assessment. By factoring the personal property into the level of <br />assessment without taking out any of the sales but using their 83.423 levels ~ <br />of assessment, an 85.52 is obtained which again is above the 85 ratia~-~ <br />required. Lloyd's sales ratio study includes all sales that took place in j <br />1983 giving an overall assessment ratio of 85.74. YJhen factoring the personal <br />property into that figure the overall asessment ratio for all locally assessed <br />property is 89.7 which is well below the 85$ required by the Machinery Act• <br />105-342. Based on the present information Lloyd recommends that the requests <br />