Minutes - 19821116 - Laserfiche WebLink

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os~ D-9. RETATNAGE FEE REDUCTION REQUEST The Manager told the Board that Security Building Company had requested a reduction of their retainage fee from 10~ to 5~. Their request is based on •the fact that the County has occupied Phase I with no major defects yet remaining to be corrected and that Phase II will be completed within 60-90 days. The Board expressed a concensus that Security Builders had not made a case for hardship and that it preferred to leave the retainage at 10~ at this time until completion. The Board said it would entertain a request for retainage reduction based on hardship if Security wished to pursue the question. D-11. LAND RECORDS PROGRAM ORDINANCE D-12. REAL ESTATE SALES VALUE DISCLOSURE STATEMENT Mr. Roscoe Reeve, Land Records Manager, and Mr. Kermit Lloyd, Tax Supervisor, presented and summarized both ordinances for the Board. Mr. Reeve said that the Land Records Program Ordinance would provide an accurate index by parcel number and enhance the integrity and accuracy of the County's Land Records. Mr. Reeve added that with regard to the Land Sales Ordinance it would aid the integrity of the records since the person recording would attest to the value of the conveyance and additionally, it provides groundwork for valuation of the property in the County. Commissioner-elect Lloyd asked if the realtors had been contacted regarding their opinions of the proposed sales value disclosure ordinance; he feels that an "outcry" would ensue if this ordinance is adopted. Tax Supervisor Lloyd said the local Bar Association had been contacted since they are the ones who record the deeds. He said the rnsponse had been that it might entail extra work for them . and that they might incur liability if they recorded a disclosure statement that was later deemed in error. Tax Supervisor Lloyd said that was the reason for insertion of "willful" to the ordinance. Mr. Bob Windsor, a reporter, said that being in the real estate field, his feeling was that it was an invasion of privacy; that it was no business of the County what people paid for their property. Commissioner Gustaveson moved, seconded by Commissioner Willhoit, to adopt .. the Land Records Program Ordinance with the effective date of January 1, 1983. ;. Vote: Ayes, 5; Noes, 0. ~. Commissioner Walker moved to table the Sales Disclosure Ordinance. Motion '~ died for lack of a second. S, ~. ).