2025_10_08 BOER Minutes - Laserfiche WebLink

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Docusign Envelope ID:C1C9D8C0-856C-4210-8FBB-3D5A9118D2E3 Related meeting notes: • Discussion with the county attorney and staff will be postponed until October 9th when Martha Bordogna will be available to be present for the meeting. Property Identification: Property Owner University CH Owner LLC Appellant(if different) Anthony Cimini Property Address 600-0 Martin Luther King Parcel ID or Abstract 978839S2001-1 Jr. Boulevard Statement of Appeal: Request a reduction in value based on the results of a pro-forma income analysis, a cash flow analysis and a uniformity analysis. Current Assessed Value $15,103,900 ounty Opinion $15,103,900 Time of Hearin 1:00PM Appellant Opinion $13,000,000 County Representative Roger Gunn Board Decision $14,500,000 Evidence submitted by the appellant: • The appellant is requesting a reduction in value as a result of a pro-forma income analysis, a cash flow analysis, and a uniformity analysis leading to a reconciled valuation of$13,000,000. Evidence submitted by the county representative: • The subject is leasehold improvements that consist of a 154 unit/154 bed student apartment building containing 112,089 square feet gross building area and is commonly known as University Apartments. After reviewing both the appellant's analyses and the County's commercial real property appraiser consultant's analysis (attached),the County feels the current value is supported with no change in value recommended. • Photograph of Subject • Location Map of Subject • Current Property Record Card of Subject(6 pages) • Commercial Real Property Appraisal Consultant's Analysis (8 pages) Motion of the Board Value Changed as Follows: $14,500,000 Made the motion Saru Salvi Seconded the motion Leon Meyers Voted For All BOER Members Voted Against ... Property Identification: Property Owner State Employees Credit Appellant(if different) Tom Berry Union Property Address 1010 S. Hamilton Road Parcel ID or Abstract 9798247978