BOE Min 1983-01-12 - Laserfiche WebLink

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the market in the past year, the amount of District tax assessed may not be affected, since the purpose of the assessment is to service a specific amount of bonded indebtedness. M/S: Bury/Biagi to deny the application of Herbert C. Clough, 23 Admiralty Place, Parcel 095-100-660, for assessment adjustment. Carried unanimously by voice vote. MINUTE ORDER NO. 83-7 3. Costas (Gus) and Thetis Pappas, 587 Seahorse Lane, both licensed real estate brokers, stated that they believe the appraised value of their home should be $150,000 instead of the $165,000 on the assessment roll. Mr. Pappas suggested adjustment should be made for the corner location, his lack of family room and larger backyard, for depreci- ation and because financial arrangements related to recent sales may not reflect the true value of the property. Mr. Pappas described how he had arrived at his $150,000 figure and suggested the representative of American Appraisal used a IIcrudell assessment procedure resulting in over-valuation of his property. Mr. Torkelson referred to the information provided by his office which was used in determining the assessment and replied to questions, noting that when no recent sales figures are available he considers dollar cost per square foot of similar floor plans. He described the market approach to appraising property. In response to questions from City Attorney Schricker, Mr. Torkelson said that method of financing is not a reliable basis for appraisal. Councilman Biagi stated for the record that the assessment is for the purpose of paying off bonds, and the only question before the Board is whether or not the property owner is paying his fair share of the bond repayment at this time in relation to the amounts paid by other property owners. In response to questions, Mr. Schricker said that it is legal to assess property to IIcatch Upll all in one year, noting that in the past the County was sometimes as much as ten years late with current assessment. M/S: Mosher/Bury to deny the application of Costas and Thetis Pappas, 587 Seahorse Lane, Paracel 095-123-120, for assessment adjustment. Carried by majority voice vote which Mayor Stangel determined to be 5-1. MINUTE ORDER NO. 83-8 4. Marina Park Center, 3000 Sand Hill Road. Mayor Stangel invited anyone present to represent the subject applicant to speak. No one wished to speak. M/S: Biagi/Claire to deny the application of Marina Park Center, 3000 Sand Hill Road, Menlo Park, Parcel 095-161-130, for assessment adjustment. Carried unanimously by voice vote. MINUTE ORDER NO. 83-8A 5. 6. Michael Galligan, 64 Cove Lane, attorney, representing himself and Joy and June Shipstad, 68 Cove Lane, distributed copies of his letter of 1/17/83 listing reasons why he believes his property was erro- neously assessed and providing figures to support his request that his property assessment be reduced from $180,000 to $157,000 and that the Shipstand property assessment be reduced from $155,000 to $137,350. Discussion followed and Mr. Galligan replied to questions regarding statements made in his letter. MINUTE BOOK NO. 44 Page No. 40 Bd.Equal. 1/17/83 Page 3 . - ---'-'-'.~ .- ....... -.- .. -...- ----- -..- ~-~ --~.- ..- ---.-