2025_12_02 BOER Minutes - Laserfiche WebLink

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Docusign Envelope ID:7407D742-46FF-40B4-9943-4A3D2B49D298 Property Identification: Property Owner PNGA LLC Appellant(if different) Debbie Askins, Ryan LLC Property Address 100 Pine ate Circle Parcel ID or Abstract 9890700067 Statement of Appeal: Request reduction in value based on 2022,2023, and 2024 financial documents income approach. Current Assessed Value $41,298,300 ounty Opinion $37,126,700 Time of Hearin 10:39 AM Appellant Opinion $31,288,289 County Representative Roger Gunn Board Decision $35,800,00 Evidence submitted by the appellant: • Based on 2022,2023, and 2024 fmancial documents, the indicated value from the income approach is $31,288,289. Evidence submitted by the county representative: • Like other properties under this ownership entity,the owners have been investing in capital expenditures to keep the property competitive. The appellant supplied rent roll indicates rent increasing 8%+for 2025. Based on the information supplied by the appellant and the County's income approach analysis (see attached), the property has an estimated value of$41,298,300. • As a result, the county recommends increasing the E01 economic market adjustment on the property to El I which would reduce the value of the property from $41,298,300 to $37,126,700. • GIS Map of Subject • Current Property Record Card(22 pages) • Proposed Property Record Card(22 pages) • Income Approach Calculation Sheet Motion of the Board Value Changed as Follows: $35,800,00 Made the motion Saru Salvi Seconded the motion Richal Vanhook Voted For All BOER Members Voted Against Property Identification: Property Owner RWJF Associates LLC Appellant(if different) Debbie Askins, Ryan LLC Property Address 404 Jones Ferry Road Parcel ID or Abstract 9778558604 Building A Unit 1