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Docusign Envelope ID:7407D742-46FF-40B4-9943-4A3D2B49D298 <br /> Motion of the Board Accept Coun 's Proposed Value: $23,300 <br /> Made the motion Richal Vanhook <br /> Seconded the motion Saru Salvi <br /> Voted For All BOER Members <br /> Voted Against ... <br /> Property Identification: <br /> Property Owner RP Barnes LLC Appellant(if different) Debbie Askins, <br /> Ryan LLC <br /> Property Address 200 Barnes Street Building Parcel ID or Abstract 9778644530 <br /> A Unit 1 <br /> Statement of Appeal: Request reduction in value based on 2023 and 2024 financial documents' <br /> collective indicated value of five parcels containing two apartment complexes owned by the same <br /> appellant and operated as one economic unit. <br /> Current Assessed Value $22,057,200 ounty Opinion $17,866,500 <br /> Time of Hearin 11:16 AM Appellant Opinion $15,046,873 <br /> County Representative Roger Gunn Board Decision $17,866,500 <br /> Evidence submitted by the appellant: <br /> • The subject is one of five parcels containing two apartment complexes owned by the same <br /> appellant and operated as one economic unit. Based on 2023 and 2024 financial documents, <br /> the collective indicated value for all five parcels is$33,433,471 with$15,046,873 attributable <br /> to this parcel. <br /> Evidence submitted by the county representative: <br /> • Like the appellant,the County analyzed the 5 parcels collectively as one economic unit and <br /> based on the County's income analysis as contained in the attached Income Approach and <br /> Parcel Allocation Sheet,the collective value of the five parcels is $40,001,542 with a value of <br /> $18,002,861 being attributable to the subject property. <br /> • As a result, the County recommends applying an E19 economic market adjustment to the <br /> property's value which will reduce the value of the subject from$22,057,200 to$17,866,500. <br /> • GIS Map of Subject <br /> • Current Property Record Card(20 pages) <br /> • Proposed Property Record Card(20 pages) <br /> • Income Approach and Parcel Value Allocation Sheet <br /> Motion of the Board Accept Coun 's Proposed Value: $17,866,500 <br /> Made the motion Richal Vanhook <br /> Seconded the motion Saru Salvi <br /> Voted For All BOER Members <br /> Voted Against <br />