2023-11-29 BOER MINUTES - Laserfiche WebLink

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DocuSign Envelope ID:933E4266-2573-4AB4-A69C-88B2E89AC78E • "I am asking for help so we can carry on our parents vision in keeping our apartments affordable,especially with the apartment building using up all the land density for the land around it." Evidence submitted by the county representative: • Upon a review, it was discovered that since 2017 only 1 acre of the 7.35 acres was being valued. As a result,the number of commercial acreage units was increased from 1 to 7.35 with a-50%market adjustment applied to the land due to size and shape. The result was an increase in the land value from$1,100,00 to $3,675,000 and an overall increase in value from $2,461,200 to $5,036,200. • After a review of the restrictions placed on the property and topography issues further restricting development, and because only approximately 3 acres are being utilized for the apartment complex, it is the recommendation of the County to increase the market adjustment on the land from-50%to -80%which would reduce the value of the land to$1,470,000 and the overall property value to$2,831,200. • Current property record cards • Proposed property record cards • GIS image of property Motion of the Board Change value to$2,646,200 Made the motion Barbara Levine Seconded the motion Tony Blake Voted For Leon Meyers Voted Against Property Identification: Property Owner Holland Family 1995 Appellant(if different) Lantz Holland Limited Partnership Property Address 1001 South Columbia Parcel ID or Abstract 9788218399 Street Statement of Appeal: Request a reduction in value because of the age of the building and the fact that it was built on a back-filled lot with a history of settling. Current Assessed Value $769,100 County Opinion $623,800 Time of Hearin 3:19 PM Appellant Opinion $725,900 County Representative Roger Gunn Board Decision $623,800