Minutes - 19811029 - Laserfiche WebLink

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1) His neighbors' valuation is $300 less than his. i 2) There are restrictive convenants attached to owning land in the development. Mr. Cooke believes this would restrict the marketability of his home and lot. 3) Community water system which is not professionally main- tained. 4) Gravel road access to land. Mr. Cooke feels that 1,500 acre is more realistic than $2,000. Commissioner Willhoit moved, seconded by Commissioner Gustaveson, to approve the Tax Office recommendation for Mr. .Cooke's property with the..exc.eption..of the-previously.recommended.,10% adjustment,.-:for not .having a we.11.,.on .the..property (the motion .is :to. disallow the water adjustment) . Vote: Ayes, 3; noes, 0. Upsilon of Zeta Psi, Tax Map 86, Block C, Lot 15: Mr. Howard Manning and Mr. Charles LeFort appealed..for the Fraternity. They said the house had been .closed in 1977 and re- opened in 1978 after rewiring, plumbing, replastering walls and adding fire escapes; they added the 3rd floor is uninhabitable. Mr. Lloyd recommended a grade change from At05 to A -05 and to increase the physical depreciation from 25% to 35%. Commissioner Gustaveson moved,, seconded by Commissioner Willhoit, to approve the Tax Office's recommendation (stated above) . Vote: Ayes, 3; noes, 0. Mr. Howard L. Stewart, Tax. Map 82, Block B, Lot 11: Mr. Stewart feels this house is" in a blighted area; he said the homes there were built as cheaply as they could be to be rented. Mr. Lloyd told Mr. Stewart that a home nearby (on Reade Road) had sold for $58,000 in 1979. Mr. Stewart says it is only insured for $45,000. Commissioner Gustaveson moved to approve the Tax Office's recommendation on this property (that is, a grade change to C and an increased depreciation to .18%; .this would mean .the property's valuation is about $57,000) ; Commissioner Willhoit seconded the motion. Vote: Ayes, 3; noes, 0. Mr. Stephen R. Quint, Tax Map 8C, Block A, Parcel 20: Mr- Quint said the contract price based on an appraisal done by a bank was $81,700 for this home and lot.