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Rob Smith is with the Rainbow Soccer Board. He gave some background on Rainbow <br /> Soccer. There are about 1,500 participants per season and they provide scholarships. <br /> Rainbow Soccer serves kids from age 3 to adults. There is now a new league for high school <br /> students, and it is a non-competitive league. Most of the fields are closed in the winter, but if <br /> there was an artificial turf field, it could be open in February when Rainbow Soccer starts and <br /> could also be used year round. He said that Rainbow Soccer supports the idea of having an <br /> artificial turf field at Cedar Falls Park. <br /> b. Matters on the Printed Agenda <br /> (These matters were considered when the Board addressed that item on the agenda <br /> below.) <br /> 3. Proclamations/ Resolutions/ Special Presentations <br /> a. 2009 Revaluation <br /> The Board received information concerning the 2009 Revaluation. <br /> Tax Assessor John Smith made this PowerPoint presentation. <br /> 2009 Revaluation Presentation <br /> •Orange County's previous revaluation became effective January 1, 2005 and values do not <br /> change between revaluations. <br /> •Orange County's next revaluation is scheduled to take effect January 1, 2009. <br /> •The majority of Orange County properties values have increased over the four years that <br /> have passed since January 1, 2005. <br /> •Based on local sales, Orange County values have increased. However over the last two years <br /> the media has been reporting that values are declining. <br /> Why have local values increased and how will the media reports impact the 2009 <br /> revaluation? <br /> *Orange County is a great place to live <br /> •Many advantages and amenities <br /> *Values have increased gradually over past 23 years <br /> •Economic impacts/foreclosures not as great here <br /> •Local reports positive <br /> *Value increases over four years not just one year <br /> •Perception of many seems to be that values have declined <br /> What are the benefits of <br /> revaluation? <br /> •Revaluation team has equalized values based on local sales data <br /> •Importance of equalization <br /> •Ratio is below 80% <br />