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Docusign Envelope ID:OA23A6A2-42FE-4EAO-B414-FA2F89F77BF7 <br /> Evidence submitted by the county representative: <br /> • The owner submitted an informal appeal, and the property value was reduced from$4,208,000 <br /> to the current$3,267,200. The value of the 22,214 square foot building was reduced from <br /> $1,195,000 to $254,200 or$11.44 a square foot and the current assessment is supported by <br /> land values alone. It is very important to note that many properties, such as the recently built <br /> midrise apartments next door, are built on flood plain land. No further reductions are <br /> supported because, despite the unfortunate issues with flooding, the property is marketable for <br /> redevelopment. <br /> • GIS Map of Subject <br /> • Current Property Record Card <br /> • Land Sales Analysis <br /> Motion of the Board Value Changed as Follows: $2,649,200 (Land value reduction to <br /> $2,383,900 <br /> Made the motion Leon Meyers <br /> Seconded the motion Shannon Julian <br /> Voted For All BOER Members <br /> Voted Against <br /> Property Identification: <br /> Property Owner Tran Trust Appellant(if different) <br /> Property Address 1129 Weaver Dairy Road Parcel ID or Abstract 19870782525 <br /> Statement of Appeal: Request reduction in value based on flood zone restrictions. <br /> Current Assessed Value $648,000 ounty Opinion $243,100 <br /> Time of Hearin 12:46 PM Appellant Opinion $240,000 <br /> County Representative Roger Gunn Board Decision $243,100 <br /> Evidence submitted by the appellant: <br /> • The appellant is requesting a reduction to $240,000 due to flood zone restrictions. <br /> Evidence submitted by the county representative: <br /> • Upon review of this parcel, it was determined that approximately 2 acres of the parcels 9.3 <br /> acres are buildable based on being in a flood plain and restrictions on construction. It is the <br /> recommendation of the County to increase the market adjustment from -92%to -97%which <br /> would reduce the current assessed value to $243,100. <br /> • GIS Map of Subject <br /> • Current Property Record Card <br /> • Proposed Property Record Card <br /> Motion of the Board Accept Count 's Proposed Value: $243,100 <br /> Made the motion Leon Meyers <br /> Seconded the motion Shannon Julian <br /> Voted For All BOER Members <br />