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, 1'�I: '� BOARD OF - 6:00 F.A�_ <br /> � <br /> Mayor Wilha.rber opened the board of review at 6:20 p.m. <br /> �'octd hims�lf fR�sic�entia�l�ppr�is�rjazrd f e�rIIn� <br /> � Ms. Pat Fish (1575 Pelter Lake Drive) approached the Council and commented that she disagrees with <br /> lt� :�mith's appraisal increase� du� trs a�ra��iti6n of thr�e sea��� porch. ?cft�rr�ceivirrg th�-t-ax <br /> statement, her residence estimated market value went up $37,000. During a phone conversation with Mr. <br /> �mit� he expiaine� the value irrcr�as�ctb�ause afthe sai� gr�e Iots on ��roille��6ac� �hen the <br /> value increased from $133,000 to $170,400 payable year 2000, she was disappointed . The home � <br /> improvemerrts�were funded fr�in t�r��"�h'r� f}td Hans�grogra.nr. The purpos� of the prograrrr i�s to <br /> improve the home, not for the homeowner's to exgerience a gross increase in value. � <br /> lt�ir: 3nutlrr�sgrn�d that th�acta�Y�� 80@ 200fr the arrro�znt <br /> is defened i 0 yea.rs. The increase value was due to several factors, but not solely because of the sale of <br /> Iots of Centerv�Ie L�e. <br /> Mr. fiary of$�5;0@0: �'here <br /> located north of his property that is valued less than his property. Mr. Smith noted that if the vacant <br /> tot wasrrrar�tec� irmay be listect at�Fpro�rtrat�ty $85;00� eanncilmember l`�e�on as� if <br /> the age of the structure had a bearing on the value. Mr. Smith explained that he doe:;. not make�the <br /> rnarketbut �e fvl�aws it. Tlr�assessars us�tir� e�� ( Real-Estate vv�ciri�base� <br /> both unimproved and improved land. Cunently, on Rundoshu lake, a lot with 100' frontage is selling for <br /> $ r6�;00fk �fa r�srd�nt questi�r�i�re �ss�s�r's��stimate regar�irrg vaiu�, and� if�he <br /> Boazd of Review (City Council) chooses, a seven member group from the Commissioners office will <br /> T�estiga.t�th�ProgertY and detemmr�the iblr. S�t�rsuggestetl that i�fartirerinvestigat�fihe <br /> property values that are in question and report back to the Council. <br /> Ititotion Cvurrcihnember Nelsv� s�arrd�t� to hav� �rrrith� ga� <br /> the properties. Motion earried unanimously. <br /> ltrfr: $mit�rreacr atotrd a letter frorn Rub�rt �k f 72�r Brian Driv� �rr th� grep�e� <br /> owner disputed the value increase. However, the homeowner made improvements to the home and did <br /> not register improvements�vhe�rask�c�: tn ac�ctitio� th� pr6p�rty owner�has n6trespon�e��ra <br /> left at the home. " <br /> _. _ h!1r: �rac� �urareku said thatthe c�orrmrerciat FmF�'9 vahres increased substarrtraHy.� _ Phe c6mrtrercial <br /> __ .. <br /> - --- property owners that he spoke to w�re understanding of the increase. - Mr. Smith atlud�d to the year 2000 ----- <br /> payaMe�, see attaahed. <br /> eaurrci�memtrerBrenner questione�th� areas receive� aver past year: Acarn Creek �& II� Een�er <br /> Hills I, II, & III and Pelter Lake Drive I& II, Lakeland Hills and Mound trial. The commercial tax rate <br /> lias doubled and is twice the cost ofiesid"ential. <br /> � <br /> Motiarrby Ca�nci�member Brermar, s�c�rr�d byE�urrcilrrrem�rer Travis to c�us� the Ho�d a�fReview at <br /> 7:10 p.m. Motion carried unanimously. <br /> Pa?e 3 af 5 <br />