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Docusign Envelope ID: BC772D21-D919-44A7-AA96-A6CF2CC30F19 <br /> Current Assessed Value $4,338,600 County Opinion $3,340,800 <br /> Time of Hearin 1:30 PM Appellant Opinion $3,331,400 <br /> County Representative Roger Gunn Board Decision $3,340,800 <br /> Evidence submitted by the appellant: <br /> • I purchased the property on 2/6/2025 for$3,331,400. <br /> Evidence submitted by the county representative: <br /> • The appellant purchased the subject property along with PIN 9874322487 for$4,219,000 <br /> according to deed stamps. Although there seems to be some relationship between the appellant <br /> and prior owner,as evidenced in the deed with them both having the same PO Box address,the <br /> request for a reduction to the sales price(which was also the 2021-2024 assessed value)is <br /> considered reasonable as the real issue for the building is its age,low ceiling heights and low <br /> office percentage all pointing to the value not coming in significantly higher than the previous <br /> assessed value. The 15 foot ceiling heights is considered far substandard today for a warehouse <br /> this size and would definitely hurt value. <br /> • Apply E23 (-23%)market adjustment to land and building thereby reducing the overall <br /> property value to $3,340,800. <br /> • Photograph of Subject <br /> • Location Map of Subject <br /> • Current Property Record Card of Subject <br /> • Proposed Property Record Card of Subject <br /> Motion of the Board Accept the County's revised value of$3,340,800 by making adjustments to <br /> the building value but not the land value <br /> Made the motion Saru Salvi <br /> Seconded the motion Leon Meyers <br /> Voted For Richal Vanhook <br /> Voted Against <br /> Property Identification: <br /> Property Owner J K B Commercial LLC Appellant(if different) Jacques El-Chayeb <br /> Property Address 101 Conner Drive Parcel H)or Abstract 9799038088.013 <br /> Statement of Appeal: Request a reduction in value based on the income and expenses produced by the <br /> property in 2024. <br /> Current Assessed Value $704,200 County Opinion $704,200 <br /> Time of Hearin 1:42 PM Appellant Opinion $370,000 <br /> County Representative Roger Gunn Board Decision $586,800 <br />