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<br />Item No.1 (conti nued) <br /> <br />Mr. Ramchandani recommended that if the settlement in his report is accepted, <br />there shaul d be an agreanent wi th Heron Court so that there is a basi s for <br />the future. <br /> <br />Senior Assistant City Attorney Case said that since a settlanent is involved, <br />that whatever the findings would have been will be incorporated in the <br />agreanent. <br /> <br />Francis W. Bland, consultant for Heron Court, said that the cooperative <br />manbers now prefer a 25-75 ratio of land to improvements, while the <br />settlement recommended by staff is for a 3)-70 ratio, acknowledging that it <br />is a minor difference. Mr. Bland then filed an itan entitled "Exhibit 2, <br />pages 13 and 1411 shawi ng hi s tax recal cul at ions. <br /> <br />M/S: Stangel/Britschgi to support the recommendation contained in the staff <br />report di stri buted today i ndi cati ng a refund to Heron Court of $13,760.40 <br />for the fiscal year 1985-86 and $10,289.55 for 1986-87, because it is based <br />on actual value as reported by the Finance Director, noting that the <br />settlement is on the basis of a 3) - 70 ratio for land and improvements. <br /> <br />Carr i ed unani mous ly by voi ce vote. <br /> <br />MIN lITE <RDE R NO. 87 -107 <br /> <br />---------------------------------------------------------------------------------- <br /> <br />A OJ OUR NM: NT <br /> <br />MIS: Stange 1/ Greena 1 ch to adj ourn . <br />Carried unanimously by voice vote and Board of Equalization adjourned at 6:50 p.m. <br /> <br />JACQUELINE C. HILŒBRAND <br />CITY CLE RK <br /> <br />Board of Equa 1 i zati on <br />6/8/87 <br />Page 2 <br /> <br />MINUTE BOOK NO. 47 <br />Page No. 154 <br /> <br />--~ - - -~-- <br /> <br />~- ~-- -~-- - <br />