CC MIN 01-07 to 12-15-1980 - Laserfiche WebLink

Browse Search

3 07 MAYOR Mail-Lo o 8. a9 L VICE MAYOR Wm. J. Stang et Redwood MINUTES COUNCILMEN: 014 iNU BOARD OF EQUALIZATION Menton C. BAitischgi Community Activities Building Robt N. Bwry W July 21, 1980 erc Ge.'aed R. Chand2en Manguenite Leipzig Bite Rhodes Regular Meeting The Council of the City of Redwood City met on this date at 10:00 a.m. as the Board of Equalization of General Improvement District No. 1-64 with Mayor Biagi presiding. Councilmen present: Britschgi , Leipzig, Rhodes and Mayor Biagi Councilmen absent: Bury, Chandler, Stangel Officials and staff present: City Manager Fales, Assistant City Manager Smith, District Assessor Ference, Assistant City Attorney Maloney, City Clerk Hildebrand Also present: Alex Francois and John Greer, General Appraisal Company DISTRICT ASSESSMENT ROLL 1980-81 District Assessor Ference advised that the Council is meeting as the. Board of Equalization in accordance with Section 54 of the City Charter and p.m notice has been sent to all property owners of their assessments stating that applications for assessment adjustment must be filed with the City Clerk by September 15, 1980. and that the Board of Equalization will meet at this time and place. John Greer, General Appraisal Company, responded to questions relating to determination of differing values of presently usable and unusable commercial lands. Mr. Greer advised that with regard to lands pur- chased by Fluor Corporation, the actual price of $215,000 per acre could be used and that commercial land is evaluated with a lower value assigned to water areas which are not buildable. Mr. Greer acknowl- edged that with regard to residential property, greater values were assigned to waterfront property even though property owners could not build on the water, since it is considered to enhance their property. Mr. Greer referred to certain commercial parcels, stating that the lack of water-oriented commercial sales prevents gathering the kind of evi- dence which is available on residences. He said that residential property is not separated into dry land and water portions and evaluated separately, since the greater value of waterfront property is reflected in the total value of the land, and there are plenty of sales to con- firm proper market value. Discussion followed and Mr. Greer, Mr. Ference and City Manager Fales commented and replied to questions regarding evaluation of commercial property including water areas; the lack of sales data upon which to base evaluations; the traditional appraisal view of nonbuildable property; the many categories for subparcels to which commercial flaw properties can be assigned depending upon present development possi- bilities; the fact that residents may build docks; the fact that waterfront usage by business depends upon individual plans, environ- mental impact reports, etc. ; the general belief that it is not de- sirable to allow business to build extensions over water because of Bd./Equal . 7/21/80 i '